AJR Infra & Tolling
Industrials
532959 BSE
Price unavailable
No trades in 1Y
Key Insights
No strengths listed
Weaknesses
6- Promoter holding is low: 10.7%
- Contingent liabilities of Rs.1,666 Cr.
- Promoters have pledged 100% of their holding.
- Earnings include an other income of Rs.5.76 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -9.88%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 9 | 3 | 7 |
| Oscillators | Neutral | 3 | 3 | 3 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Bearish
3
Neutral
3
Bullish
3
Overall
Bearish
Bearish
9
Neutral
3
Bullish
7
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 48.37
- Neutral
- MACD (12,26,9)
- −0.04
- Bullish
- SMA (50)
- 0.78
- Bearish
- SMA (200)
- 1.33
- 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 | Irregular period |
|---|---|
| 5Y | −100.00% |
| 3Y | −100.00% |
| 1Y | −100.00% |
| TTM | −100.00% |
Net profit
| 10Y | Irregular period |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | +105.36% |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Irregular period |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹44 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | Irregular period |
|---|---|
| 5Y | No sales |
| 3Y | No sales |
| 1Y | No sales |
| TTM | No sales |
Revenue by year
| Mar 2017 | ₹663 Cr |
|---|---|
| Mar 2018 | ₹625 Cr |
| Mar 2019 | ₹497 Cr |
| Mar 2020 | ₹368 Cr |
| Mar 2021 | ₹242 Cr |
| Mar 2022 | ₹178 Cr |
| Mar 2023 | ₹91.00 Cr |
| Mar 2024 | ₹61.00 Cr |
| Mar 2025 | ₹35.00 Cr |
| Mar 2026 | ₹0.00 Cr |
Net profit by year
| Mar 2017 | −₹122 Cr |
|---|---|
| Mar 2018 | −₹186 Cr |
| Mar 2019 | −₹210 Cr |
| Mar 2020 | ₹15.00 Cr |
| Mar 2021 | −₹277 Cr |
| Mar 2022 | −₹957 Cr |
| Mar 2023 | −₹1,605 Cr |
| Mar 2024 | −₹231 Cr |
| Mar 2025 | ₹541 Cr |
| Mar 2026 | ₹1,111 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 | 12 | 13 | 17 | 18 | 15 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 5 | 8 | 26 | 15 | 12 | 25 | −8 | 38 | 10 | 4 | 3 | 4 | 2 |
| Operating Profit | 7 | 5 | −9 | 3 | 4 | −5 | 8 | −38 | −10 | −4 | −3 | −4 | −2 |
| OPM % | 57% | 40% | −52% | 16% | 23% | −26% | — | — | — | — | — | — | — |
| Other Income | 4.02 | 4.47 | 7 | 65 | 10 | 815 | −7.99 | 1.16 | 1,113 | 7 | 1.99 | 11 | −16 |
| Interest | 75 | 79 | 81 | 44 | 77 | 74 | 36 | 24 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 13 | 13 | 13 | 0 | 10 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −76.76 | −81.76 | −96 | 23 | −72 | 727 | −36.67 | −59 | 1,102 | 3 | −1 | 7 | −19 |
| Tax % | 1% | 1% | 1% | −5% | −6% | 3% | 0% | 3% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −77 | −82 | −96 | 25 | −68 | 707 | −36 | −61 | 1,103 | 3 | −1 | 7 | −19 |
| EPS (₹) | −0.71 | −0.76 | −0.91 | 0.38 | −0.59 | 7.6 | −0.38 | −0.64 | 11.71 | 0.03 | −0.01 | 0.07 | −0.2 |
Profit & Loss
₹ Cr| Particulars | Sep 2014 9m | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 542 | 1,577 | 663 | 625 | 497 | 368 | 242 | 178 | 91 | 61 | 35 | 0 | 0 |
| Expenses | 199 | 996 | 423 | 380 | 298 | 179 | 155 | 102 | 101 | 55 | 51 | 20 | 12 |
| Operating Profit | 343 | 581 | 240 | 245 | 199 | 189 | 87 | 76 | −10 | 6 | −16 | −20 | −12 |
| OPM % | 63% | 37% | 36% | 39% | 40% | 51% | 36% | 43% | −11% | 11% | −46% | — | — |
| Other Income | −30 | −7 | 25 | 13 | 6 | 347 | 12 | −695 | −1,260 | 81 | 802 | 1,135 | 6 |
| Interest | 207 | 644 | 309 | 340 | 361 | 383 | 255 | 261 | 281 | 279 | 211 | 4 | 4 |
| Depreciation | 168 | 100 | 50 | 87 | 109 | 126 | 89 | 71 | 51 | 38 | 18 | 0 | 0 |
| PBT | −61 | −170 | −94 | −170 | −265 | 27 | −245 | −951 | −1,601 | −229 | 557 | 1,111 | −10 |
| Tax % | −35% | 24% | 29% | 9% | −21% | 46% | 13% | 1% | 0% | 1% | 3% | 0% | — |
| Net Profit | −40 | −204 | −122 | −186 | −210 | 15 | −277 | −957 | −1,605 | −231 | 541 | 1,111 | −11 |
| EPS (₹) | −0.43 | −2.18 | −1.1 | −1.55 | −1.65 | 0.71 | −2.48 | −9.8 | −16.62 | −2 | 5.96 | 11.8 | −0.11 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 188 | 189 | 189 | 189 | 189 | 189 | 189 | 189 | 189 | 189 | 189 | 189 |
| Reserves | 763 | 568 | 464 | 319 | 165 | 232 | −1 | −924 | −2,528 | −2,716 | −2,155 | −1,044 |
| Borrowings | 3,907 | 2,513 | 2,675 | 3,142 | 1,636 | 518 | 615 | 20 | 174 | 207 | 6 | 8 |
| Other Liabilities | 4,697 | 1,453 | 1,554 | 1,964 | 2,852 | 2,936 | 2,969 | 3,198 | 3,470 | 3,356 | 2,175 | 1,020 |
| Total Liabilities | 9,555 | 4,724 | 4,883 | 5,614 | 4,843 | 3,875 | 3,772 | 2,483 | 1,305 | 1,037 | 215 | 173 |
| Fixed Assets | 6,229 | 2,242 | 2,197 | 2,869 | 2,076 | 1,151 | 1,067 | 722 | 565 | 489 | 20 | 20 |
| CWIP | 2,653 | 585 | 809 | 1,009 | 1,025 | 1,077 | 1,075 | 159 | 67 | 67 | 0 | 0 |
| Investments | 34 | 86 | 184 | 45 | 45 | 490 | 490 | 602 | 319 | 114 | 45 | 86 |
| Other Assets | 639 | 1,811 | 1,693 | 1,690 | 1,697 | 1,157 | 1,140 | 1,000 | 354 | 366 | 151 | 68 |
| Total Assets | 9,555 | 4,724 | 4,883 | 5,614 | 4,843 | 3,875 | 3,772 | 2,483 | 1,305 | 1,037 | 215 | 173 |
Cash Flow
₹ Cr| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 416 | 256 | 416 | 374 | 278 | 363 | 100 | 53 | 79 | 28 | −78 | −34 |
| Investing | −382 | 118 | −441 | −48 | −60 | −20 | 8 | 18 | −26 | −25 | 116 | 33 |
| Financing | −71 | −349 | −21 | −306 | −257 | −347 | −97 | −87 | −51 | −6 | −39 | 1 |
| Net Cash Flow | −37 | 25 | −46 | 20 | −39 | −4 | 11 | −16 | 2 | −2 | −1 | 0 |
| Free Cash Flow | 416 | 19 | 133 | 212 | 251 | 359 | 95 | 54 | 80 | 27 | −78 | −34 |
| CFO/EBITDA | 123 | 47 | 175 | 160 | 146 | 196 | 118 | 71 | −820 | 468 | 494 | 164 |
Ratios
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 15 | 197 | 108 | 192 | 62 | 82 | 97 | 182 | 220 | 217 | — |
| Inventory Days | — | — | — | — | — | — | 112 | 7 | 360 | — | — | — |
| Days Payable | — | — | — | — | — | — | 4,095 | 6,010 | 951 | — | — | — |
| Cash Conversion Cycle | 13 | 15 | 197 | 108 | 192 | 62 | −3,901 | −5,905 | −409 | 220 | 217 | — |
| Working Capital Days | −479 | −87 | 32 | −514 | −1,483 | −2,463 | −4,054 | −6,477 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | — |
| ROCE % | — | 13% | 6% | 5% | 4% | 6% | 1% | — | — | — | — | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view AJR Infra & Tolling insights
62 extracted metrics across FY09–FY27.
Documents
- 24 Jul 2026
- 23 May 2025
- 17 May 2024
- 1 Mar 2023
- 6 Dec 2021
Frequently Asked Questions about AJR Infra & Tolling
What does AJR Infra & Tolling Ltd do?
Incorporated in 2011, AJR Infra And Tolling Ltd develops infrastructure projects on a Public-Private Partnership basis
Where is AJR Infra & Tolling Ltd (AJRINFRA) listed?
AJR Infra & Tolling Ltd trades under code 532959 on the BSE.
Which sector does AJR Infra & Tolling Ltd belong to?
AJR Infra & Tolling Ltd is classified under the Industrials sector, in the Construction industry.
Company Information
Incorporated in 2011, AJR Infra And Tolling Ltd develops infrastructure projects on a Public-Private Partnership basis
Website ajrinfra.in
Face Value ₹2
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