As of 6 Nov 2026, Ajcon Global Services trades at 187.3× trailing earnings, above the industry P/E of 18.4×, and the shares are 38% below their 52-week high. Sales grew 64% a year over 3 years while net profit fell 27%; its ROCE of 2.9% is the lowest among the 7 largest Capital Markets peers. Debt is 0.36× equity. It is a small-cap company with a market cap of ₹34 Cr, ranked 130th of 219 Capital Markets companies by market cap; the shares fell 30% over the past year.
- ₹5.79
- ₹5.79
- ₹5.60
- ₹5.79
- 2.7K
Health check
- ReturnsBehind
−30.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 187.3 vs industry 18.4.
- GrowthSteady
Sales +64.3%, profit −26.5% a year over 3 years.
- ProfitabilityWeak
ROCE 2.9% vs peer median 22.1%.
- Balance sheetStretched
Debt 0.36× equity, interest covered 1.6×, Piotroski 3 of 9.
- Red flags4 to check
Return on equity is low at 0.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹34 Cr
- Small cap
- P/E
- 187.3
- Industry 18.4
- Price to book
- 1.36
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- 0.9%
- Peers 18.9%
- ROCE
- 2.9%
- Peers 22.1%
- Debt to equity
- 0.36
- Debt ₹9.64 Cr
- EPS (TTM)
- ₹0.03
- OPM (TTM)
- 0.6%
- Net margin 0.7%
- Sales growth
- +16.1%
- Latest quarter vs a year ago
- Profit growth
- +15.6%
- Latest quarter vs a year ago
- Price to sales
- 0.95
Strengths and risks
Strengths
- Quarterly sales up 16.1% on a year ago.
Risks to check
- Return on equity is low at 0.9%.
- P/E of 187.3 against an industry P/E of 18.4.
- 38% below its 52-week high.
- Interest coverage of only 0.2×.
About Ajcon Global Services
Ajcon Global Services Limited, together with its subsidiaries, provides financial services in India. The company offers equity, futures and options, currency, commodity, equity research, depository, broking, investment and merchant banking, corporate advisory, portfolio analysis, financial crime training, home finance and loan against property, as well as e-IPO, mutual fund distribution, insurance, and knowledge room services. It is also involved in NBFC…
- Headquarters
- Mumbai
- Employees
- 37
- Sector
- Financial Services
- ISIN
- INE759C01027
- Website
- ajcononline.com
Price range
- Avg volume (3M)
- 4K
- 1-year return
- minus 30.5%
- From 52-week high
- minus 37.6%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| AJCONAjcon Global Services | 5.62 | minus 2.94% | 34 | 187.3 | 1.36 | 2.9% | 0.9% | 0.6% | 64.3% | −26.5% | 0.00% | minus 30.5% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.1 | 10.3 | 3.1 | 19.6 | 2.4 | |
| 2.1 | 9.7 | 2.9 | 20.3 | 2.3 | |
| 0 | 0.6 | 0.3 | −0.7 | 0.1 | |
| 0.9% | 5.5% | 8.0% | −3.7% | 4.3% | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.2 | −0.2 | 0 | 0.1 | 0.1 | |
| 0.3 | 0.4 | 0.4 | −0.6 | 0.3 | |
| 25.2% | 25.4% | 25.2% | 19.8% | 25.2% | |
| 0.2 | 0.3 | 0.3 | −0.5 | 0.2 | |
| 0.03 | 0.04 | 0.04 | -0.08 | 0.03 |
Profit & loss
- Sales CAGR 3Y
- +64.3%
- Profit CAGR 3Y
- −26.5%
- EPS CAGR 3Y
- −31.6%
- ROE
- 0.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.9 | 12 | 14.6 | 35.1 | |
| – | +51.2% | +22.3% | +139.9% | |
| 6.7 | 13.3 | 14.9 | 35 | |
| 1.2 | −1.3 | −0.2 | 0.1 | |
| 15.8% | −11.0% | −1.6% | 0.3% | |
| 0.8 | 1.2 | 1.2 | 1.1 | |
| 0.7 | 0.7 | 0.7 | 0.7 | |
| 0.4 | 0.4 | 0.4 | 0.4 | |
| −0.2 | 2.9 | 0.9 | 0.2 | |
| 0.8 | 1.7 | 0.8 | 0.4 | |
| 26.8% | 23.4% | 27.2% | 34.6% | |
| 0.6 | 1.3 | 0.5 | 0.2 | |
| – | +118.3% | minus 56.7% | minus 58.1% | |
| 0.09 | 0.20 | 0.08 | 0.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 6.1 | 6.1 | 6.1 | |
| 15.6 | 16.8 | 19 | 19.3 | |
| 11.8 | 10.9 | 9.4 | 9.6 | |
| 4.2 | 4.5 | 4.3 | 5.6 | |
| 37.7 | 38.3 | 38.8 | 40.6 | |
| 2.5 | 2.2 | 2.2 | 2 | |
| 3.1 | 1.4 | 1.4 | 1.1 | |
| 1.1 | 0 | 0.3 | 0.3 | |
| 31.1 | 34.6 | 34.9 | 37.3 | |
| 37.7 | 38.3 | 38.8 | 40.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.9 | −0.2 | −1.1 | −0.6 | |
| −0.2 | −0.1 | −0.3 | 0.2 | |
| 1.1 | −0.8 | 1.6 | 0.5 | |
| −0.1 | −1 | 0.1 | 0.1 | |
| −0.2 | −0.1 | −0.3 | −0.1 | |
| −1.2 | −0.2 | −1.4 | −0.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.