Ajmera Realty & Infra India Limited (AJMERA) Fair Value & Analysis
Real Estate · IN · Market cap ₹25.7B
Fair value as of: Aug 2, 2026
From 9 valuation models · updated 11 days ago
Share price −14.1% over the past month.
Below-average quality, screening 38% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
- A fairly wide model range (₹104.25 to ₹220.80) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range ₹20.69 – ₹994,996 · fair‑value band ₹104.25 – ₹220.80 · the ₹117.48 price screens below the ₹162.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Ajmera Realty & Infra India Limited (AJMERA) currently trades at ₹117.48, while our model-based Fair Value estimate is ₹162.52, implying the stock looks roughly 38.3% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Ajmera Realty & Infra India Limited generated revenue of ₹10.9B at a net margin of 13.7%. Revenue grew 184.8% year over year. It earns a return on equity of 11.1%. Net debt stands at ₹6.2B. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹104.25 (bear case) to ₹220.80 (bull case); at ₹117.48, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at 38%, AJMERA screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Multiples (₹164.55) versus Dividend Discount (₹14.49). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ajmera Realty & Infra India Limited, together with its subsidiaries, engages in the real estate development business in India. The company constructs and develops residential and commercial projects, including apartments, schools, retail and malls, and office spaces, as well as land development projects.
Full company description
Ajmera Realty & Infra India Limited, together with its subsidiaries, engages in the real estate development business in India. The company constructs and develops residential and commercial projects, including apartments, schools, retail and malls, and office spaces, as well as land development projects. It serves individual homebuyers, families, corporate clients, institutional investors, and government agencies. The company was founded in 1968 and is based in Mumbai, India. Ajmera Realty & Infra India Limited is a subsidiary of Ariil Trust.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ajmera Realty & Infra India Limited reported revenue of ₹10.9B in FY2026 versus ₹4.8B in FY2022, a compound +22.6%/yr. Reported net income was ₹1.5B in FY2026, compounding +34.8%/yr from FY2022.
of which total revenue +13.7 pp · buybacks/dilution −0.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Real Estate - Development · 586 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vinhomes Joint Stock Company VHM | 147,000 VND | 147,415 VND | +0% |
| DLF Limited DLF | ₹657.75 | ₹159.49 | -76% |
| Lodha Developers Limited LODHA | ₹1,188 | ₹583.43 | -51% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,125 IDR | 1,330 IDR | -78% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,925 | ₹1,183 | -39% |
| Godrej Properties Limited GODREJPROP | ₹2,102 | ₹1,044 | -50% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 555.00 IDR | 1,388 IDR | +150% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 84.16 IDR | +32% |
| PT Ciputra Development Tbk, CTRA | 555.00 IDR | 1,388 IDR | +150% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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