BSE: 530713 | NSE: | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ajel Ltd is a below average quality company.
The key valuation ratios of Ajel Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ajel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.5% | -0.9% | 1.7% | 0.4% | -1.3% | 12.3% | -2.2% | -2% | -0.5% | 0.3% | - |
| Value Creation Index ⓘ | -0.8 | -1.1 | -0.9 | -1.0 | -1.1 | -0.1 | -1.2 | -1.1 | -1.0 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9.3 | 4.8 | 6.2 | 6.4 | 3.7 | 3.2 | 2.4 | 1.9 | 2.2 | 3.2 | 4 |
| Sales YoY Gr. | - | -48.2% | 28.9% | 3.7% | -42.5% | -13.2% | -26.2% | -18.1% | 12.9% | 45.2% | - |
| Adj EPS ⓘ | 0.4 | 0.1 | 0.2 | 0.1 | -0.2 | -0.3 | -0.3 | -0.2 | -0.1 | -0.2 | -2 |
| YoY Gr. | - | -72.2% | 80% | -72.2% | -440% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 10.5 | 10.5 | 10.7 | 10.7 | 10.6 | 12.1 | 12 | 12.1 | 12.4 | 12.6 | 10.6 |
| Adj Net Profit ⓘ | 0.4 | 0.1 | 0.2 | 0.1 | -0.2 | -0.4 | -0.3 | -0.3 | -0.2 | -0.2 | -2 |
| Cash Flow from Ops. ⓘ | -0.1 | 0 | 0 | 0.4 | 0 | -1.4 | -0.5 | -0.2 | -0.2 | -0.8 | - |
| Debt/CF from Ops. ⓘ | -33.5 | 0 | 0 | 6.8 | 91.9 | -1.3 | -4.5 | -9 | -11.9 | -3.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -11.2% | -3% | 10.3% | 45.2% | ||||
| Adj EPS ⓘ | -192.6% | NA | NA | NA | ||||
| BVPSⓘ | 2% | 3.6% | 1.6% | 1.8% | ||||
| Share Price | 15.1% | 29.1% | 2.4% | 5.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.1 | 0.9 | 1.7 | 0.5 | -1.6 | -2.8 | -2.2 | -1.9 | -1 | -1.5 | -17.3 |
| Op. Profit Mgn % ⓘ | 7.3 | 10.1 | 6.8 | 1.2 | -3.6 | -20 | -8.6 | -8.3 | -4.3 | -8.8 | -40 |
| Net Profit Mgn % ⓘ | 4.1 | 2.4 | 3.4 | 1 | -5.3 | -11.3 | -13.2 | -13.8 | -6.7 | -6.7 | -52.6 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 397 | 759 | 572 | 557 | 959 | 1,153 | 1,647 | 2,048 | 1,838 | 1,344 | 412 |
| Cash Conv. Cycle ⓘ | 216 | 480 | 395 | 197 | 61 | 262 | 605 | 839 | 764 | 480 | 206 |
Sales growth is growing at healthy rate in last 3 years 10.30%
Sales growth is good in last 4 quarters at 34.44%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2 | -2 |
| TTM Sales (₹ Cr.) | 4.5 | 13.2 |
| BVPS (₹.) ⓘ | 10.6 | 11.2 |
| Reserves (₹ Cr.) ⓘ | 1 | 1 |
| P/BV ⓘ | 1.64 | 1.56 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.00 / 28.59 |
| All Time Low / High (₹) | 0.50 / 85.25 |
| Market Cap (₹ Cr.) | 20.2 |
| Equity (₹ Cr.) | 11.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.29 | 4.81 | 6.20 | 6.43 | 3.70 | 3.21 | 2.37 | 1.94 | 2.19 | 3.18 |
| Operating Expenses ⓘ | 8.61 | 4.70 | 5.83 | 6.35 | 3.83 | 3.85 | 2.59 | 2.11 | 2.29 | 3.46 |
| Manufacturing Costs | 0.05 | 0.01 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 7.84 | 4.25 | 5.66 | 5.76 | 3.41 | 2.73 | 2.21 | 1.75 | 2.01 | 0.63 |
| Other Costs ⓘ | 0.71 | 0.44 | 0.16 | 0.59 | 0.43 | 1.11 | 0.37 | 0.35 | 0.28 | 2.82 |
| Operating Profit ⓘ | 0.68 | 0.11 | 0.37 | 0.08 | -0.13 | -0.64 | -0.22 | -0.16 | -0.09 | -0.28 |
| Operating Profit Margin (%) | 7.3% | 2.3% | 6.0% | 1.2% | -3.6% | -20.0% | -9.3% | -8.3% | -4.3% | -8.9% |
| Other Income ⓘ | 0.07 | 0 | 0 | 0.07 | 0 | 2.66 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0.02 | 0.02 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.24 | 0.24 | 0.12 | 0.08 | 0.06 | 0.08 | 0.11 | 0.10 | 0.10 | 0.07 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -0.05 | -0.02 | -0.05 | 0.11 | 0.40 |
| Profit Before Tax ⓘ | 0.49 | -0.14 | 0.25 | 0.06 | -0.19 | 1.87 | -0.35 | -0.32 | -0.09 | 0.05 |
| Tax ⓘ | 0.11 | 0 | 0.07 | 0 | 0 | 0.41 | -0.01 | -0.02 | -0.02 | -0.02 |
| Profit After Tax | 0.38 | -0.14 | 0.17 | 0.06 | -0.20 | 1.46 | -0.34 | -0.30 | -0.07 | 0.07 |
| PAT Margin (%) | 4.1% | -3.0% | 2.8% | 1.0% | -5.3% | 45.5% | -14.3% | -15.6% | -3.2% | 2.1% |
| Adjusted EPS (₹) | 0.4 | -0.1 | 0.2 | 0.1 | -0.2 | 1.3 | -0.3 | -0.3 | -0.1 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11.33 | 12.27 | 12.44 | 12.50 | 12.31 | 14.12 | 14.02 | 14.06 | 14.43 | 14.69 |
| Share Capital ⓘ | 10.75 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 |
| Reserves ⓘ | 0.58 | 0.62 | 0.79 | 0.85 | 0.66 | 2.47 | 2.37 | 2.41 | 2.78 | 3.04 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2.59 | 2.26 | 2.26 | 2.40 | 2.36 | 1.85 | 2.01 | 2.18 | 2.40 | 2.83 |
| Long Term Debt | 0.17 | 0.07 | 0 | 2.26 | 2.36 | 1.83 | 2.01 | 2.18 | 2.40 | 2.83 |
| Short Term Debt | 2.42 | 2.19 | 2.26 | 0.14 | 0 | 0.02 | 0 | 0 | 0 | 0 |
| Trade Payables | 1.62 | 0.49 | 0.49 | 0.01 | 0.12 | 0.16 | 0.18 | 0.22 | 0.14 | 0.33 |
| Others Liabilities ⓘ | 3.95 | 3.32 | 3.51 | 3.53 | 3.63 | 3.42 | 3.43 | 3.42 | 3.45 | 3.41 |
| Total Liabilities ⓘ | 19.49 | 18.33 | 18.69 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 |
Fixed Assets | ||||||||||
| Gross Block | 3.05 | 3.05 | 2.83 | 2.83 | 2.83 | 2.88 | 2.88 | 2.88 | 2.88 | 2.89 |
| Accumulated Depreciation | 1.21 | 1.45 | 1.58 | 1.66 | 1.72 | 1.80 | 1.91 | 2.02 | 2.11 | 2.18 |
| Net Fixed Assetsⓘ | 1.83 | 1.59 | 1.25 | 1.17 | 1.11 | 1.07 | 0.96 | 0.86 | 0.76 | 0.71 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 7.15 | 7.15 | 7.15 | 7.15 | 7.15 | 7.72 | 7.62 | 7.96 | 8.39 | 8.16 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 7.94 | 6.97 | 7.50 | 0 | 1.37 | 3.55 | 4.66 | 4.69 | 4.86 | 5.60 |
| Cash Equivalents | 0.01 | 0.09 | 0.37 | 0.40 | 0.43 | 0.20 | 0.19 | 0.12 | 0.13 | 0.13 |
| Others Assetsⓘ | 2.57 | 2.53 | 2.42 | 9.72 | 8.36 | 7 | 6.21 | 6.26 | 6.27 | 6.66 |
| Total Assets ⓘ | 19.49 | 18.33 | 18.69 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.67 | -0.08 | 0 | 0.35 | 0.03 | -1.41 | -0.45 | -0.24 | -0.20 | -0.84 |
| PBT ⓘ | 1.29 | 0.49 | 0 | 0.06 | -0.19 | 1.92 | -0.33 | -0.27 | -0.20 | -0.35 |
| Adjustment ⓘ | 0.67 | 0.24 | 0 | 0.08 | 0.06 | -2.49 | 0.11 | 0.10 | 0.10 | 0.07 |
| Changes in Working Capital ⓘ | -0.78 | -0.66 | 0 | 0.21 | 0.16 | -0.39 | -0.21 | -0.03 | -0.22 | -0.96 |
| Tax Paid ⓘ | -0.51 | -0.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.95 | 0.05 | 0 | 0 | 0 | 2.31 | 0.35 | 0 | 0 | 0.41 |
| Capex | -0.97 | 0 | 0 | 0 | 0 | -0.13 | 0 | 0 | 0 | -0.01 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -0.22 | 0.35 | 0 | 0 | 0.43 |
| Others ⓘ | 0.01 | 0.05 | 0 | 0 | 0 | 2.66 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.25 | 0 | 0 | -0.33 | 0 | -1.12 | 0.08 | 0.17 | 0.22 | 0.43 |
| Net Proceeds from Shares ⓘ | 0.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -0.02 | 0 | 0 | 0.10 | -0.53 | 0.18 | 0.17 | 0.22 | 0.43 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.02 | 0 | -0.33 | -0.10 | -0.60 | -0.09 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.03 | -0.02 | 0 | 0.03 | 0.03 | -0.23 | -0.01 | -0.07 | 0.01 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.43 | -1.22 | 1.4 | 0.5 | -1.58 | 11.04 | -2.41 | -2.16 | -0.49 | 0.45 |
| ROCE (%) | 3.45 | -0.86 | 1.69 | 0.43 | -1.3 | 12.26 | -2.19 | -1.96 | -0.5 | 0.31 |
| Asset Turnover Ratio | 0.48 | 0.25 | 0.33 | 0.35 | 0.2 | 0.17 | 0.12 | 0.1 | 0.11 | 0.15 |
| PAT to CFO Conversion(x) | 1.76 | N/A | 0 | 5.83 | N/A | -0.97 | N/A | N/A | N/A | -12 | Working Capital Days |
| Receivable Days | 293 | 566 | 426 | 0 | 135 | 280 | 631 | 877 | 795 | 601 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ajel Infotech, established in the year 1994, is a premier provider of full range of information technology services for agile businesses. The company combines strategic consulting, process innovation, custom and package software deployment, and application monitoring to rapidly deliver end-to-end business systems that create immediate bottom-line impact for its clients to achieve their business objectives.
The company’s outsourcing solution enables customers to gain efficiency in operations, minimize costs, and keep to a strategy of staying lean, flexible and nimble.
Ajel Infotech offers products in area of customer relationship management, consultant resource management, project management, human resources management, financials & accounting and knowledge management.
Moreover it offers solutions in area of GPS, eBusiness, business intelligence & data warehousing, enterprise resource planning, supply chain management, customer relationship management and enterprise application integration
In order to provide a wide range of product and services, the company has partnered with Microsoft, TracepointGPS, Informatica and Kalido.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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