Ajcon Global Services Ltd.
Snapshot View

45.00 +2.00 ▲4.7%

27 July 2021, 04:00:00 P.M.
Volume: 2,856

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance - Investment Compare with Industry peers
Website http://www.ajcononline.com, www.pyarapaisa.com
Financial Indicators
Market Cap 26.30 Cr.
Earnings per share (EPS) 2.56 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 16.80 Trailing Twelve Months Ending 2021-03
Industry PE 34.54 Trailing Twelve Months Ending 2021-03
Book Value / Share 30.89 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.39 Calculated using Price: 43.00
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.61 Cr. 6,116,200 Shares
FaceValue 10
Company Profile

Ajcon Global Services (AGSL) was incorporated in 1986, in Mumbai, as Ajmera Financials and Project Consultants Private Limited with the object of consulting entrepreneurs and established companies in new projects and raising financial resources. 

Ajmera Financials and Project Consultants Private Limited was rechristened as Ajcon Capital Markets Limited to reflect the diversified business focus in capital markets, which was later changed to Ajcon Global Services Limited to reflect company’s global reach in financial services activities. 

The company is a well known public listed company with networth of over Rs 900 lakh engaged in providing various financial services for last 20 years.The company is also a member of OTC Exchange of India, M.P. Stock Exchange and is a depository participant of CDSL

The company went public in January 1995. It became a member of the National Stock Exchange (NSE) to setup the right infrastructure for stock broking/security trading, market research. The company’s public issue was oversubscribed by over 25 times demonstrating the faith and confidence the investment community reposed in the company. The company successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crore.

In 2004, the company expanded its reach from the domestic markets to the international markets by entering into a tie-up with a company in USA for providing financial services.   ServicesAjcon Global Services offers Portfolio Management Services (PMS) to provide discretionary services to its clients. To provide these services the company is in the process of making an application to SEBI for obtaining the PMS License.

Merchant Banking License - From 1994-97, AGSL was a Category I Merchant Banker, during which AGSL handled more than 15 Issues as a Lead and Co-Lead Manager. By again obtaining a Merchant Banking Licence, the company will be able to provide investment banking services to corporates such as advice on mergers and acquisitions (domestic and cross-border), divestitures, capital raising through IPOs, rights issues, share buybacks, open offers/delistings, private placements and syndication of debt and equity. As a part of its Corporate Advisory Services, the company is already handing several public issue assignments. 

Ajcon Commodity Brokers Limited is a 89% subsidiary of AGSL and is a member of the Multi Commodity Exchange (MCX) and is engaged into Commodity Broking. 

The company’s head office has been catering mainly to the Institutional and High Networth clients and the branches cater exclusively to the retail sector. Presently, it has 30 branches/outlets with 150 trading terminals because of which the retail reach of the company is very limited and the revenue from retail sector is less than 20% of the company’s total revenue. With the changing demographics of India, retail sector has a huge potential and can be a main driver of business in today’s time.

Services offered by the company:

AGSL is a well diversified financial services company offering a whole gamut of services such as stock broking, commodity broking, depository services, project consultancy, market research, loan syndication, turnkey projects and corporate advisory services. It is headed by Ashok Kumar Ajmera, a well known Chartered Account and Market Expert with a rich experience of 30 years.

The company aims to become a one-stop shop for all services by expanding its scope of financial services further and also to offer its services all over India by setting up an intensive branch network. To increase its scale of operations and to open a larger number of branches, upgrade existing technology and augment its working capital, the Company is looking at raising funds through private equity placement.

AGSL efficiently executed more than 200 assignments of project financing and loan syndication and gained recognition as a leading project consultancy firm, possessing strong implementation skills to transform corporate vision and strategy into profitable reality. In 1994, the company widened its horizon and diversified its business by entering into the capital markets.

Mutual Funds and Insurance Products-The company offers all financial products available in the market to its clients.

Over the years, the company has established goodwill as the front-runner in the field of stock broking, project consultancy, market research, loan syndication, turnkey projects and corporate advisory services.

Clientele:

Ajcon Global Services has successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crores. It is empanelled with L.I.C, UTI, Canara Bank, Canbank Mutual, PNB, Andhra Bank, Bank of India, OBC, Bank of Baroda, Syndicate Bank, Uco Bank, United Western Bank SIDBI, Bank of Rajasthan, Taurus Mutual Fund, Vijaya Bank, Central Bank of India and host of other banks and mutual funds for their secondary market operations on the capital market segment of NSE.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.65%
1 Week
+10.43%
1 Month
+100.89%
3 Month
+84.43%
6 Month
+100.0%
1 Year
+202.01%
2 Year
+55.71%
5 Year
+152.10%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 7.98 4.36 1.72 1.75 -0.09 3.45 3.98 0.29 -8.53
Return on Capital Employed (%) 10.75 10.00 8.82 8.35 5.67 7.74 6.69 5.14 -0.78
Return on Assets (%) 3.55 1.66 0.67 0.64 -0.03 1.57 1.80 0.13 -3.77

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 17 17 17 18 18 18 19 19 17
Non Curr. Liab. 0 1 0 0 1 1 1 0 0
Curr. Liab. 20 28 22 36 21 18 23 21 21
Minority Int. 1 1 1 1 1 1 1 1 1
Equity & Liab. 38 47 41 55 40 38 44 41 41
Non Curr. Assets 3 3 3 6 6 6 5 5 5
Curr. Assets 35 44 38 49 34 32 38 36 36
Misc. Exp. not W/O 0 0 0 0 0 0
Total Assets 38 47 41 55 40 38 44 41 41

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 10 9 8 8 8 9 8 33 28
Other Income 0 0 0 0 0 0 0 0 1
Total Income 10 9 8 9 8 9 8 33 29
Total Expenditure -7 -5 -4 -4 -5 -6 -6 -31 -29
PBIDT 3 4 4 4 3 3 3 2 0
Interest -2 -3 -3 -3 -2 -2 -2 -2 -1
Depreciation 0 0 0 0 0 0 0 0 0
Taxation 0 0 0 0 0 0 0 0
Exceptional Items 0 0
PAT 1 1 0 0 0 1 1 0 -2

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -14 -5 6 -12 14 4 12 2 -1
Cash Fr. Inv. 0 -1 0 0 -1 0 -14 0 0
Cash Fr. Finan. 14 6 -6 12 -14 -3 2 -3 1
Net Change -1 1 0 1 -1 1 0 -1 0
Cash & Cash Eqvt 1 2 1 2 1 2 2 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48
Public 32.52 32.52 32.52 32.52 32.52 32.52 32.52 32.52 32.52
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 22 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper clippings for Public Notice of 34th Annual General Meeting of the Company E-Voting instructions and Book Closure published in Business Standard and Mumbai Lakhsdeep on July 21 2021.
Wed, 21 Jul 2021
Reg. 34 (1) Annual Report
Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith the Notice of 34th AGM and Annual Report of the Company for the Financial Year ended 31st March 2021.
Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper clippings for Public Notice of 34 Annual General Meeting of the company published in Business Standard and Mumbai Lakshdeep on July 20 2021.

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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