Ajcon Global Services Ltd (AJCON)

Loading page…

Ajcon Global Services Ltd (AJCON) · mywealthgrid

About

Ajcon Global Services Ltd operates in Other Financial Services within the Financials sector.

Face value: ₹1

Market cap

₹35 Cr

P/E

690.3×

P/B

1.4×

Dividend yield

ROE

ROCE

3.1%

Debt / equity

0.37

OPM

3.6%

EPS (TTM)

₹0.0

Book value

₹4.1

52-week high

—

52-week low

—

549 historical price candles were omitted because the exchange source has not been verified.

₹5.6-0.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 65.8% with no pledge

Cons

−Low return on equity of 1.2% (3-yr avg)
−Thin operating margin of 3.6%
−Profit declined 31.3% a year over the last 5 years
−Revenue shrank over the last 5 years (-5.4% a year)
−Weak interest coverage of 1.5×
−Expensive at 690.3× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

31/100

Business quality: 17
Growth: 50

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Crisil LimitedCRISILCRISIL	₹32,373 Cr	₹32,373 Cr	₹4,126 Cr	₹1,229 Cr	29.7%	₹884 Cr	21%	33.9%	27.4%	48
RRP Semiconductor LtdRRPRRP	₹11,162 Cr	₹11,168 Cr	₹-7 Cr	₹-7 Cr	—	₹-8 Cr	—	-32.7%	-59.8%	—
Onemi Technology Solutions LimitedKISSHTKISSHT	₹6,254 Cr	₹7,346 Cr	₹2,179 Cr	₹651 Cr	29.9%	₹281 Cr	12.9%	32.9%	21%	-8
Asset Reconstruction Company (India) LimitedARCILARCIL	₹4,546 Cr	₹5,751 Cr	₹722 Cr	₹473 Cr	65.5%	₹-36 Cr	44.7%	—	-1.3%	—
Colab Platforms LtdCOLABCOLAB	₹2,622 Cr	₹2,624 Cr	₹158 Cr	₹2 Cr	1%	₹5 Cr	2.9%	23.2%	17.2%	9
Gyftr LtdGYFTRGYFTR	₹1,204 Cr	₹1,240 Cr	₹14 Cr	₹3 Cr	21.6%	₹2 Cr	12.9%	—	0.5%	—
Prime Securities LimitedPRIMESECUPRIMESECU	₹1,022 Cr	₹1,024 Cr	₹125 Cr	₹13 Cr	15.7%	₹5 Cr	9.6%	—	6.7%	—
Centrum Capital LimitedCENTRUMCENTRUM	₹969 Cr	₹17,026 Cr	₹3,643 Cr	₹948 Cr	29.2%	₹-217 Cr	-7.5%	12.7%	-46.8%	-519
Wealth First Portfolio Managers LimitedWEALTHWEALTH	₹952 Cr	₹952 Cr	₹58 Cr	₹37 Cr	72.3%	₹33 Cr	56%	34.5%	27.7%	563
Stellant Securities (India) LtdSTELLANTSTELLANT	₹518 Cr	₹518 Cr	₹0 Cr	₹-0 Cr	-93.8%	₹-0 Cr	-93.8%	-45.5%	-44.8%	0
The Investment Trust Of India LimitedTHEINVESTTHEINVEST	₹472 Cr	₹523 Cr	₹274 Cr	₹48 Cr	20.2%	₹33 Cr	12.2%	8.5%	4.2%	-42
Ndl Ventures LimitedNDLVENTURENDLVENTURE	₹422 Cr	₹1,328 Cr	₹1,044 Cr	₹149 Cr	17%	₹-38 Cr	0.2%	4.4%	-5.9%	-739

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	41	9	16	17	36
Interest	1	1	1	1	1	1
Expenses	46	38	7	13	15	35
Financing profit	1	3	1	2	1	1
Financing margin %	1.8%	6.9%	12.6%	12.5%	5.7%	1.7%
Other income	1	0	0	0	0	0
Depreciation	0	0	0	0	0	0
Profit before tax	2	3	1	2	1	0
Tax	0	1	0	0	0	0
Tax %	0%	19.3%	26.9%	23.5%	26.6%	35.1%
PAT	2	2	1	1	1	0
EPS (₹)	2.6	3.6	0.9	2.1	0.9	0
EPS adjusted (₹)	0.3	0.4	0.1	0	0.1	0
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6	6
Reserves	11	13	15	16	17	19	19
Minority interest	1	1	1	1	—	2	2
	19	12	10	11	10	10	9
	3	4	3	4	5	3	4
Total equity & liabilities	41	36	35	38	38	40	41
	1	1	2	2	1	2	2
CWIP	—	—	—	—	0	0	0
Investments	1	1	1	1	1	1	1
	38	34	32	35	35	37	38
Total assets	41	36	35	38	38	40	41

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	13.7%	21.9%	80.3%	51.2%	50.8%	22%
EBITDA margin %	3.7%	8.3%	21.5%	17%	10.5%	3.6%
EBIT margin %	2.8%	7.4%	17%	14.6%	8.3%	2.6%
PAT margin %	3.3%	5.3%	6.7%	8.1%	3.4%	0.7%
Working capital
Receivable days	7	2	51	0	11	5
Inventory days	85	124	2,381	644	655	191
Payable days	26	18	463	35	92	46
NWC days	67	108	1,970	609	574	150
Leverage
Current ratio	2.11	2.77	2.41	5.03	3.92	3.13
Debt to EBITDA	7.04	2.83	5.91	3.69	5.7	7.02
Debt to equity	0.66	0.46	0.5	0.44	0.4	0.37
Interest coverage	2.7	5.6	2	3.3	2	1.5
Asset turnover	1.31	1.19	0.23	0.42	0.42	0.89
Return ratios
Return on assets %	4.3%	6.3%	1.5%	3.4%	1.4%	0.6%
Return on capital employed %	12%	14.9%	6.6%	8.2%	4.5%	3.1%
Return on equity %	8.3%	10.3%	2.6%	5.7%	2.3%	0.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.48%	67.04%	66.74%	66.25%	65.84%	65.84%	65.84%	65.84%	65.84%	65.84%	65.84%	65.84%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.67%	32.11%	32.41%	32.9%	33.31%	33.31%	33.31%	33.31%	33.31%	33.31%	33.31%	33.31%
No. of shareholders	—	—	—	—	—	—	—	—	5,176	5,077	5,085	5,004

Promoter holding down 1.64 percentage points since Sep 2023.

Mr. Ashok Kumar AjmeraChairman & Managing Director
Mr. Ankit Ashok AjmeraExecutive Director
Mr. Anuj Ashok AjmeraExecutive Director
Mr. Rahul AtalNon - Executive Independent Director
Mrs. Beverly S. N. AvalaniNon - Executive Independent Director
Mrs. Sangeeta Vijay KumarNon - Executive Independent Director
Mr. Kaushal ShuklaCompliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ajcon Global Services Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Interim dividend6 Feb 2008 · ex-date₹0.5

1

Board meeting to consider results12 Aug 2026

1

Face value ₹10 → ₹120 Jun 2025 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

47 announcementsExport CSV

22 Sept 2026, 12:00 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

5 Sept 2026, 10:26 amCompany Update

RELODGEMENT OF TRANSFER OF PHYSICAL SHARES

General PDF

23 Jul 2026, 1:02 pmAGM/EGM

Scrutinizer Report

AGM PDF

21 Jul 2026, 4:12 pmCompany Update

Intimation Of Lapse And Forfeiture Of Convertible Warrants Issued Under SEBI (ICDR) Regulations, 2018

General PDF

21 Jul 2026, 4:04 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

6 Jul 2026, 2:07 pmCompany Update

Regulation 74(5) Of The SEBI (DP) Regulation, 2018_ Compliance Certificate

General PDF

25 Jun 2026, 11:20 amCompany Update

Physical Letter Sent To Shareholders

General PDF

25 Jun 2026, 11:02 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
22 Sept 2026, 12:00 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
5 Sept 2026, 10:26 am	Company Update General	RELODGEMENT OF TRANSFER OF PHYSICAL SHARES

Loading announcements…

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	13.7%	21.9%	80.3%	51.2%	50.8%	22%
EBITDA margin %	3.7%	8.3%	21.5%	17%	10.5%	3.6%
EBIT margin %	2.8%	7.4%	17%	14.6%	8.3%	2.6%
PAT margin %	3.3%	5.3%	6.7%	8.1%	3.4%	0.7%
Working capital
Receivable days	7	2	51	0	11	5
Inventory days	85	124	2,381	644	655	191
Payable days	26	18	463	35	92	46
NWC days	67	108	1,970	609	574	150
Leverage
Current ratio	2.11	2.77	2.41	5.03	3.92	3.13
Debt to EBITDA	7.04	2.83	5.91	3.69	5.7	7.02
Debt to equity	0.66	0.46	0.5	0.44	0.4	0.37
Interest coverage	2.7	5.6	2	3.3	2	1.5
Asset turnover	1.31	1.19	0.23	0.42	0.42	0.89
Return ratios
Return on assets %	4.3%	6.3%	1.5%	3.4%	1.4%	0.6%
Return on capital employed %	12%	14.9%	6.6%	8.2%	4.5%	3.1%
Return on equity %	8.3%	10.3%	2.6%	5.7%	2.3%	0.9%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14	4	12	-1	8	3	-1	-0	-1	-1
	-1	0	-14	2	-0	-0	-0	-0	-0	0
	-14	-3	2	-2	-7	-3	1	-1	2	1
Net cash flow	-1	1	0	-1	1	0	-0	-1	0	0
Free cash flow	13	3	12	-1	—	—	—	-0	-1	-1
CFO / Operating profit %	—	—	—	—	481.8%	89.8%	-51.4%	-5.5%	-64%	-43.9%

Ajcon Global Services Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Ajcon Global Services Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Stock splits1

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Dividends1

Board meetings1

Stock splits1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1