Ajel
No trades in 1Y
Key Insights
Strengths
1- Stock is trading at 0.54 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of -9.56% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 416 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 3 | 5 |
| Oscillators | Strong Bullish | 1 | 3 | 5 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Strong Bullish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 22.60
- Bullish
- MACD (12,26,9)
- −1.84
- Bullish
- SMA (50)
- 11.95
- Bearish
- SMA (200)
- 16.25
- Bearish
As of , the latest day with price data, so these readings are not current.
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −3.81% |
|---|---|
| 5Y | +31.55% |
| 3Y | +18.86% |
| 1Y | +0.22% |
| TTM | +0.86% |
Net profit
| 10Y | Loss widened by ₹0.32 Cr |
|---|---|
| 5Y | Loss widened by ₹0.01 Cr |
| 3Y | Turned to loss |
| 1Y | Loss narrowed by ₹1.22 Cr |
| TTM | Loss narrowed by ₹0.81 Cr |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹0.66 Cr |
| 3Y | Outflow widened by ₹0.29 Cr |
| 1Y | Outflow widened by ₹0.23 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −7.81 pp |
|---|---|
| 5Y | +1.52 pp |
| 3Y | −3.87 pp |
| 1Y | +6.83 pp |
| TTM | +4.90 pp |
Revenue by year
| Mar 2017 | ₹15.05 Cr |
|---|---|
| Mar 2018 | ₹6.71 Cr |
| Mar 2019 | ₹5.46 Cr |
| Mar 2020 | ₹4.25 Cr |
| Mar 2021 | ₹3.47 Cr |
| Mar 2022 | ₹4.15 Cr |
| Mar 2023 | ₹8.14 Cr |
| Mar 2024 | ₹13.63 Cr |
| Mar 2025 | ₹13.64 Cr |
| Mar 2026 | ₹13.67 Cr |
Net profit by year
| Mar 2017 | −₹0.79 Cr |
|---|---|
| Mar 2018 | −₹0.95 Cr |
| Mar 2019 | ₹0.95 Cr |
| Mar 2020 | −₹0.46 Cr |
| Mar 2021 | −₹0.43 Cr |
| Mar 2022 | ₹0.09 Cr |
| Mar 2023 | ₹0.81 Cr |
| Mar 2024 | −₹1.80 Cr |
| Mar 2025 | −₹1.66 Cr |
| Mar 2026 | −₹0.44 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.39 | 3.46 | 3.52 | 3.52 | 2.96 | 2.92 | 2.96 | 4.81 | 3.26 | 3.28 | 3.44 | 3.69 | 3.66 |
| Expenses | 3.42 | 4.17 | 4.16 | 4.16 | 3.35 | 3.23 | 3.16 | 5.45 | 3.31 | 3.29 | 3.64 | 4.05 | 3.61 |
| Operating Profit | −0.03 | −0.71 | −0.64 | −0.64 | −0.39 | −0.31 | −0.2 | −0.64 | −0.05 | −0.01 | −0.2 | −0.36 | 0.05 |
| OPM % | −0.88% | −20.52% | −18.18% | −18.18% | −13.18% | −10.62% | −6.76% | −13.31% | −1.53% | −0.3% | −5.81% | −9.76% | 1.37% |
| Other Income | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.23 | 0 | 0 | 0 | 0.33 | 0 |
| Interest | 0.01 | 0.01 | 0.15 | 0.15 | 0.17 | 0.19 | −0.2 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.18 | 0 | 0 | 0 | 0.17 | 0 |
| PBT | −0.03 | −0.72 | −0.79 | −0.79 | −0.56 | −0.5 | 0 | −0.61 | −0.05 | −0.01 | −0.2 | −0.2 | 0.05 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | — | −1.64% | 0% | 0% | 0% | −10% | 0% |
| Net Profit | −0.03 | −0.72 | −0.79 | −0.79 | −0.56 | −0.5 | 0 | −0.6 | −0.05 | −0.01 | −0.2 | −0.18 | 0.05 |
| EPS (₹) | −0.03 | −0.62 | −0.68 | −0.68 | −0.48 | −0.43 | 0 | −0.52 | −0.04 | −0.01 | −0.17 | −0.15 | 0.04 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.74 | 20.15 | 15.05 | 6.71 | 5.46 | 4.25 | 3.47 | 4.15 | 8.14 | 13.63 | 13.64 | 13.67 | 14.07 |
| Expenses | 25.26 | 19.43 | 14.94 | 6.79 | 6.09 | 4.57 | 3.67 | 4.1 | 8.17 | 15.02 | 15.15 | 14.25 | 14.59 |
| Operating Profit | −0.52 | 0.72 | 0.11 | −0.08 | −0.63 | −0.32 | −0.2 | 0.05 | −0.03 | −1.39 | −1.51 | −0.58 | −0.52 |
| OPM % | −2.1% | 3.57% | 0.73% | −1.19% | −11.54% | −7.53% | −5.76% | 1.2% | −0.37% | −10.2% | −11.07% | −4.24% | −3.7% |
| Other Income | 4.22 | 0.38 | 0.07 | 0 | 2.93 | 0 | −0.12 | 0.16 | 0.94 | 0.19 | 0.23 | 0.33 | 0.33 |
| Interest | 0.25 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 | 0.08 | 0.2 | 0.21 | 0.19 | 0 |
| Depreciation | 1.17 | 1.11 | 0.93 | 0.83 | 0.9 | 0.11 | 0.1 | 0.1 | 0.04 | 0.37 | 0.18 | 0.02 | 0.17 |
| PBT | 2.28 | −0.05 | −0.79 | −0.95 | 1.36 | −0.47 | −0.44 | 0.08 | 0.79 | −1.77 | −1.67 | −0.46 | −0.36 |
| Tax % | 15.79% | 140% | 0% | 0% | 30.15% | −2.13% | −4.55% | −25% | −2.53% | 1.69% | −0.6% | −4.35% | — |
| Net Profit | 1.91 | −0.12 | −0.79 | −0.95 | 0.95 | −0.46 | −0.43 | 0.09 | 0.81 | −1.8 | −1.66 | −0.44 | −0.34 |
| EPS (₹) | 1.64 | −0.1 | −0.68 | −0.82 | 0.82 | −0.39 | −0.37 | 0.08 | 0.7 | −1.55 | −1.42 | −0.38 | −0.29 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 |
| Reserves | 6.92 | 6.79 | 6.01 | 5.06 | 1.52 | 1.75 | 1.66 | 2.19 | 3.19 | 2.49 | 1.14 | 1.84 |
| Borrowings | 7.94 | 5.53 | 5.67 | 5.06 | 4.7 | 4.99 | 5.12 | 5.47 | 6.04 | 10.35 | 11.16 | 12.39 |
| Other Liabilities | 8.16 | 3.61 | 3.38 | 4.33 | 3.9 | 4.05 | 4.04 | 3.91 | 4.26 | 4.02 | 4.54 | 4.83 |
| Total Liabilities | 34.67 | 27.58 | 26.71 | 26.1 | 21.77 | 22.44 | 22.47 | 23.22 | 25.14 | 28.51 | 28.49 | 30.71 |
| Fixed Assets | 11.73 | 10.5 | 2.7 | 1.91 | 3.16 | 3.05 | 2.95 | 2.85 | 2.8 | 3.58 | 3.39 | 3.23 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.09 | 1.09 | 1.09 |
| Investments | 0 | 0 | 7.15 | 7.15 | 0.57 | 0.47 | 0.81 | 1.24 | 1.01 | 1.05 | 1.05 | 0.91 |
| Other Assets | 22.94 | 17.08 | 16.86 | 17.04 | 18.04 | 18.92 | 18.71 | 19.13 | 21.33 | 22.79 | 22.96 | 25.48 |
| Total Assets | 34.67 | 27.58 | 26.71 | 26.1 | 21.77 | 22.44 | 22.47 | 23.22 | 25.14 | 28.51 | 28.49 | 30.71 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | 0 | −0.17 | 0 | 0 | 0.05 | −0.54 | −0.3 | −0.91 | −0.83 | −0.97 | −1.2 |
| Investing | 0 | 0 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0.41 | −3.14 | 0 | −0.01 |
| Financing | 0 | 0 | −0.33 | 0 | 0 | 0.23 | 0.13 | 0.36 | 0.57 | 3.9 | 0.81 | 1.24 |
| Net Cash Flow | 0 | 0 | −0.42 | 0 | 0 | 0.28 | −0.41 | 0.05 | 0.07 | −0.07 | −0.16 | 0.02 |
| Free Cash Flow | 0 | 0 | −0.09 | 0 | 0 | 0.05 | −0.54 | −0.3 | −0.92 | −2.45 | −0.97 | −1.21 |
| CFO/OP | 0 | 0 | −155 | 0 | 0 | −16 | 330 | −280 | 6,200 | 60 | 64 | 207 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 276 | 241 | 0 | 74.52 | 237 | 391 | 493 | 427 | 574 | 357 | 363 | 416 |
| Cash Conversion Cycle | 276 | 241 | 0 | 74.52 | 237 | 391 | 493 | 427 | 574 | 357 | 363 | 416 |
| Working Capital Days | 173 | 149 | −121 | 78.33 | 293 | 446 | 561 | 497 | 615 | 311 | 323 | 380 |
| ROCE % | 9.11% | −0.04% | −3.17% | −4.04% | −5.95% | −2.37% | −1.63% | −0.26% | −0.35% | −7.05% | −6.03% | −1.08% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ajel insights
52 extracted metrics across FY10–FY27.
Documents
- General announcements 19 Oct 2026
- General announcements 13 Oct 2026
Frequently Asked Questions about Ajel
What does Ajel Ltd do?
Where is Ajel Ltd (AJEL) listed?
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Company Information
Incorporated in 1994, Ajel Ltd provides IT Consulting and Software Development Services and Financial Services
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