AJMERA RE­ALTY & IN­FRA

{Ticker : 513349 { BUY: ₹268 { Tar­get: ₹318

Flash News Investment - - RECOMMENDATIONS -

Ajmera has pres­ence in three metro cities span­ning three states and two other coun­tries. With new pro­posed projects in Ben­galuru, Ahmed­abad, Lon­don and Bahrain through its sub­sidiaries and as­so­ci­ates, the com­pany is en­ter­ing into higher level of con­sol­i­da­tion and ex­pan­sion. On the fi­nan­cial front, in FY17 its rev­enue grew 17.9 per cent YoY. The EBITDA mar­gin im­proved from 29.8 per cent to 39.4 per cent YoY. Its net profit grew 79.6 per cent YoY. The com­pany's top-line has grown at CAGR of 88.6 per cent and net profit at 33.1 per cent over the last five years. Its EPS im­proved from Rs 9.56 in FY16 to Rs 17.03 in FY17. Gov­ern­ment is spend­ing high on in­fras­truc­ture sec­tor which will give many op­por­tu­ni­ties to the com­pany. On the ba­sis of these fac­tors, we rec­om­mend our read­ers to BUY this scrip.

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