Ajmera Realty & Infra India Ltd

- Ajmera Realty & Infra India Limited has an improved revenue visibility with an order book comprising OC received and ongoing projects estimated at around INR 1,897 crores. - Of this, over INR 1,200 crores worth of sales have already been achieved. - Approximately INR 650+ crores revenue is expected from inventory yet to be sold. - The company has a launch pipeline estimated to contribute around INR 6,400+ crores. - Overall revenue visibility, combining ongoing projects and the launch pipeline, stands at approximately INR 8,354 crores. - The estimated net cash flow from OC received and ongoing projects is about INR 769 crores.

- Ajmera Realty plans to maintain a debt-to-equity ratio of around 0.85x for FY '26. - The company will not shy away from taking project-level loans to support growth and an aggressive launch pipeline. - Debt will be mapped to specific projects, avoiding general corporate debt accumulation. - Equity raised money will be used as promoter/project contribution alongside internal accruals. - The company aims to prepay some existing loans aggressively to reduce overall debt but acknowledges debt is inevitable in construction business. - New project acquisitions worth INR 3,500-3,600 crores are planned, likely involving added leverage mapped to specific projects. - No explicit mention of fresh equity fundraising was made; focus seems on internal accruals, existing equity, and controlled debt financing.

- Ajmera Realty has a capex plan tied to 9 projects with a total area of 2.2 million sq. ft. and GDV of INR 6,457 crores. - Total estimated cost for these projects is around INR 4,500–4,800 crores, to be spent over the next 3-4 years. - Capex includes upfront payments for approvals and regulatory costs, with construction and other costs spread over the project timelines. - The projects have a 4-5 year timeline for completion, involving phased investment. - The company plans aggressive launches supported by project-level loans, maintaining a target debt-equity ratio of 0.85x for FY '26. - Additional capital infusion is expected from operating cash flows and equity. - Ajmera is also actively acquiring new projects, with INR 3,500–3,600 crores planned for new project acquisitions in the coming financial year.

- Ajmera Realty plans to launch 9 new projects totaling 2.2 million square feet with an estimated GDV of around INR 6,457 crores over the next 4-5 years. - New project launches contribute significantly to revenue visibility, with pipeline projects estimated to add INR 6,400+ crores, leading to a total revenue visibility of approximately INR 8,354 crores. - Sales growth has been robust with a 6% Y-o-Y increase in sales value and a 26% Y-o-Y growth in sales area in FY '25. - The company expects sustained strong demand, supported by 40% of sales coming from recent project launches. - Operating cash flow and equity infusion strengthen the company's capacity for aggressive project launches and growth. - EBITDA and PAT margins are targeted to be maintained alongside revenue growth. - Overall, Ajmera Realty is confident about growth driven by new launches, active project progress, and regulatory clearances expected soon.

- Ajmera Realty plans aggressive launches with 9 new projects totaling 2.2 million sq ft and a GDV of around INR 6,457 crores, positioning for strong growth. - EBITDA margin was 33% in FY '25 with a PAT margin of 17%, showing healthy profitability. - The company aims to maintain or improve these margins while growing revenue and profit along with project launches. - Operating cash flows are expected to be robust, supported by ongoing and upcoming projects with a pipeline revenue visibility of about INR 8,354 crores. - Debt-to-equity ratio guidance of 0.85x for FY '26 indicates controlled leverage while supporting growth. - Cost control (capex INR 4,500 - 4,800 crores over 3-4 years) and operational efficiencies are expected to sustain profit growth. - Strong sales momentum with consistent collections and inventory depletions support positive operating earnings outlook.