WEBSITE BSE:500343 NSE: AMJLAND Inc. Year: 1964 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 15:56
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1. Business Overview
AMJ Land Holdings Ltd. operates in the Construction - Real Estate sector in India. Its core business model likely involves the acquisition, development, and sale or leasing of various types of properties. This typically includes identifying suitable land parcels, obtaining necessary regulatory approvals, developing projects (which could range from residential apartments, villas, and plotted developments to commercial complexes, retail spaces, or mixed-use developments), and subsequently marketing and selling/leasing these properties to customers. The company primarily makes money through the sale of developed real estate units or land parcels, and potentially through rental income from leased commercial or retail properties.
2. Key Segments / Revenue Mix
Without specific financial data, the exact revenue mix for AMJ Land Holdings Ltd. is unknown. However, typical segments for an Indian real estate developer include:
Residential Development: Sale of apartments, villas, and plotted land.
Commercial Development: Sale or leasing of office spaces, IT parks.
Retail/Hospitality: Development and management of shopping malls, hotels, etc.
Land Holdings & Development Rights: Monetization of land banks or joint development agreements.
Given its name "Land Holdings," it might also have a significant focus on land bank management and potentially joint ventures for development.
3. Industry & Positioning
The Indian real estate industry is highly fragmented, with numerous local and regional players alongside a growing number of large, organized national developers. It is capital-intensive, cyclical, and heavily influenced by economic conditions, interest rates, and government policies. AMJ Land Holdings Ltd. operates within this competitive landscape. Without specific market share data or project details, its precise positioning (e.g., premium, affordable, regional leader, niche player) relative to major national or regional peers cannot be determined from the given information.
4. Competitive Advantage (Moat)
Given the lack of company-specific information, it's difficult to ascertain AMJ Land Holdings Ltd.'s specific competitive advantages. However, typical moats in the Indian real estate sector can include:
Strategic Land Bank: Access to well-located land at favorable acquisition costs.
Brand Reputation & Trust: A strong track record of timely delivery and quality construction, fostering customer loyalty.
Execution Capabilities: Efficient project management, construction quality, and timely completion.
Regulatory Expertise: Strong capabilities in navigating complex permitting and regulatory environments.
Access to Capital: Ability to secure financing for large, capital-intensive projects.
Whether AMJ Land Holdings possesses any of these durable advantages is not ascertainable from the provided data.
5. Growth Drivers
Key factors that can drive growth for AMJ Land Holdings Ltd. over the next 3-5 years, assuming a favorable macro environment, include:
Urbanization & Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.
Rising Disposable Incomes: Growth in per capita income and affordability can fuel real estate purchases.
Favorable Demographics: A large young and working-age population requiring housing.
Government Initiatives: Policies promoting affordable housing, infrastructure development, and ease of doing business in real estate.
Interest Rate Environment: Lower or stable interest rates can make home loans more attractive, boosting demand.
Successful Project Launches: Timely execution and delivery of new, well-received projects.
6. Risks
AMJ Land Holdings Ltd., like other real estate companies, is exposed to several risks:
Cyclicality: The real estate sector is highly cyclical and susceptible to economic downturns.
Interest Rate Sensitivity: Rising interest rates can increase borrowing costs for developers and reduce housing affordability for buyers.
Regulatory & Policy Changes: Amendments to real estate laws (e.g., RERA), environmental regulations, or taxation policies can impact project viability and timelines.
High Capital Requirements & Funding Risks: Real estate projects require significant upfront capital, making access to funding and managing debt crucial.
Project Delays & Cost Overruns: Unforeseen delays in approvals, construction, or raw material price volatility can impact profitability.
Competition: Intense competition from established players and new entrants.
Land Acquisition Challenges: Difficulties or delays in acquiring suitable land parcels.
7. Management & Ownership
As a publicly listed company in India, AMJ Land Holdings Ltd. would typically have a promoter group (often a family or founding members) holding a significant stake, alongside institutional investors and public shareholders. The quality of management, including their experience, track record in project delivery, financial prudence, and corporate governance practices, is critical in the real estate sector. However, specific details regarding the promoters, their experience, or the current management team's quality are not available in the provided information.
8. Outlook
The outlook for AMJ Land Holdings Ltd. is intertwined with the broader Indian real estate market dynamics.
Bull Case: A strong macro-economic environment, continued urbanization, government support for housing, declining or stable interest rates, and successful execution of its project pipeline could lead to robust demand and healthy growth for the company. Effective land bank utilization and prudent financial management would further enhance its prospects.
Bear Case: Conversely, an economic slowdown, rising interest rates, adverse regulatory changes, intense competition, or challenges in project execution, funding, or land acquisition could negatively impact its profitability and growth trajectory. Its ability to navigate these industry-specific and macroeconomic headwinds will be crucial. The company's specific project pipeline, financial health, and strategic decisions will ultimately determine its performance.
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Market Cap ₹156 Cr.
Stock P/E 7.3
P/B 0.6
Current Price ₹37.9
Book Value ₹ 62.3
Face Value 2
52W High ₹68.8
Dividend Yield 0.53%
52W Low ₹ 31.3
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 17 | 21 | 8 | 26 | 11 | 15 | 25 | 14 | 11 | 12 |
| Other Income | 1 | 1 | 0 | 2 | 2 | 2 | 2 | 2 | 4 | 2 |
| Total Income | 18 | 22 | 8 | 27 | 13 | 17 | 27 | 16 | 15 | 14 |
| Total Expenditure | 13 | 20 | 3 | 20 | 7 | 13 | 10 | 10 | 8 | 11 |
| Operating Profit | 6 | 2 | 6 | 7 | 6 | 4 | 17 | 6 | 7 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | 1 | 5 | 6 | 5 | 3 | 17 | 5 | 6 | 2 |
| Provision for Tax | 1 | 0 | -0 | 2 | 2 | 1 | 6 | 2 | 2 | 1 |
| Profit After Tax | 3 | 0 | 5 | 4 | 4 | 2 | 11 | 4 | 5 | 1 |
| Adjustments | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 3 | 1 | 5 | 4 | 4 | 2 | 10 | 3 | 5 | 1 |
| Adjusted Earnings Per Share | 0.8 | 0.1 | 1.1 | 1 | 0.9 | 0.6 | 2.5 | 0.8 | 1.2 | 0.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 333 | 34 | 25 | 27 | 21 | 17 | 11 | 29 | 35 | 56 | 78 | 62 |
| Other Income | 10 | 4 | 5 | 3 | 3 | 12 | 7 | 8 | 5 | 5 | 7 | 10 |
| Total Income | 343 | 38 | 30 | 30 | 24 | 29 | 19 | 37 | 40 | 61 | 85 | 72 |
| Total Expenditure | 299 | 23 | 21 | 23 | 14 | 16 | 10 | 23 | 27 | 44 | 51 | 39 |
| Operating Profit | 43 | 15 | 9 | 7 | 9 | 13 | 9 | 14 | 13 | 18 | 35 | 32 |
| Interest | 12 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 |
| Depreciation | 5 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 26 | 11 | 7 | 5 | 8 | 11 | 7 | 12 | 11 | 14 | 32 | 30 |
| Provision for Tax | 6 | 4 | -0 | 1 | 2 | 1 | 2 | 3 | 3 | 3 | 11 | 11 |
| Profit After Tax | 20 | 7 | 7 | 3 | 5 | 10 | 5 | 9 | 7 | 12 | 21 | 21 |
| Adjustments | 0 | 0 | -0 | -0 | -1 | 0 | -0 | -0 | -0 | -0 | -1 | 0 |
| Profit After Adjustments | 21 | 7 | 7 | 3 | 4 | 10 | 4 | 9 | 7 | 11 | 20 | 19 |
| Adjusted Earnings Per Share | 5.1 | 1.8 | 1.7 | 0.8 | 1.1 | 2.4 | 1.1 | 2.2 | 1.7 | 2.7 | 5 | 4.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 39% | 39% | 36% | -14% |
| Operating Profit CAGR | 94% | 36% | 22% | -2% |
| PAT CAGR | 75% | 33% | 16% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -34% | 16% | 9% | 9% |
| ROE Average | 11% | 8% | 7% | 7% |
| ROCE Average | 16% | 11% | 9% | 9% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 185 | 87 | 101 | 102 | 101 | 102 | 115 | 141 | 146 | 179 | 227 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Borrowings | 46 | 11 | 9 | 3 | 0 | 8 | 4 | 0 | 5 | 9 | 0 |
| Other Non-Current Liabilities | 26 | 7 | 5 | 4 | 5 | 3 | 5 | 5 | 5 | 6 | 10 |
| Total Current Liabilities | 141 | 18 | 19 | 18 | 11 | 11 | 11 | 31 | 25 | 34 | 31 |
| Total Liabilities | 398 | 124 | 134 | 127 | 116 | 124 | 134 | 177 | 180 | 230 | 269 |
| Fixed Assets | 109 | 33 | 22 | 22 | 21 | 31 | 29 | 17 | 18 | 16 | 15 |
| Other Non-Current Assets | 142 | 37 | 33 | 31 | 27 | 13 | 31 | 80 | 75 | 96 | 128 |
| Total Current Assets | 147 | 53 | 79 | 75 | 69 | 81 | 73 | 80 | 88 | 117 | 126 |
| Total Assets | 398 | 124 | 134 | 127 | 116 | 124 | 134 | 177 | 180 | 230 | 269 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 11 | 7 | 4 | 5 | 4 | 3 | 6 | 4 | 13 | 3 | 13 |
| Cash Flow from Operating Activities | 8 | 2 | 8 | 3 | 10 | -10 | 4 | 10 | -6 | 24 | 38 |
| Cash Flow from Investing Activities | -10 | 4 | -4 | 0 | -5 | 8 | -3 | 4 | -1 | -21 | -5 |
| Cash Flow from Financing Activities | -2 | -5 | -3 | -4 | -5 | 5 | -4 | -5 | -4 | 7 | -18 |
| Net Cash Inflow / Outflow | -4 | 2 | 1 | -1 | -1 | 3 | -2 | 9 | -11 | 11 | 15 |
| Closing Cash & Cash Equivalent | 7 | 4 | 5 | 4 | 3 | 6 | 4 | 13 | 3 | 13 | 29 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 5.06 | 1.76 | 1.67 | 0.81 | 1.07 | 2.39 | 1.08 | 2.16 | 1.66 | 2.71 | 4.99 |
| CEPS(Rs) | 6.23 | 2.17 | 2.15 | 1.3 | 1.71 | 2.78 | 1.59 | 2.65 | 2.18 | 3.28 | 5.69 |
| DPS(Rs) | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Book NAV/Share(Rs) | 45.06 | 21.29 | 24.56 | 24.85 | 24.62 | 24.89 | 27.94 | 34.45 | 35.53 | 43.65 | 55.4 |
| Core EBITDA Margin(%) | 9.62 | 31.47 | 17.46 | 14.49 | 29.9 | 4.34 | 11.19 | 21.5 | 23.54 | 22.82 | 34.93 |
| EBIT Margin(%) | 10.85 | 38.08 | 27.9 | 18.03 | 36.99 | 62.71 | 59.99 | 42.01 | 32.44 | 28.73 | 42.75 |
| Pre Tax Margin(%) | 7.55 | 32.96 | 25.96 | 17.37 | 36.61 | 62.61 | 59.99 | 42.01 | 29.78 | 25.61 | 41.55 |
| PAT Margin (%) | 5.81 | 21.14 | 27.29 | 12.69 | 25.27 | 55.69 | 41.53 | 31.39 | 20.06 | 20.43 | 27.6 |
| Cash Profit Margin (%) | 7.3 | 26.31 | 34.67 | 19.4 | 34.29 | 66.48 | 58.03 | 37.91 | 25.31 | 23.79 | 30.03 |
| ROA(%) | 5.18 | 2.73 | 5.38 | 2.66 | 4.26 | 7.92 | 3.61 | 5.79 | 3.96 | 5.63 | 8.59 |
| ROE(%) | 11.59 | 5.24 | 7.37 | 3.43 | 5.11 | 9.39 | 4.3 | 7.04 | 4.94 | 7.11 | 10.55 |
| ROCE(%) | 13.33 | 6.39 | 6.62 | 4.47 | 7.09 | 9.9 | 5.64 | 8.79 | 7.66 | 9.41 | 15.76 |
| Receivable days | 30.3 | 195.22 | 21.56 | 55.91 | 69.57 | 15.71 | 5.62 | 45.02 | 41.84 | 10.29 | 14.35 |
| Inventory Days | 94.18 | 632.73 | 503.72 | 404.48 | 466.96 | 622.43 | 1022.88 | 437.44 | 498.73 | 332.49 | 169.17 |
| Payable days | 57.19 | 391.37 | 353.94 | 179.33 | 306.97 | -85.92 | 110.63 | 1211.53 | -131.6 | 257.56 | 100.5 |
| PER(x) | 4.59 | 11.08 | 11.83 | 27.98 | 18.66 | 5.85 | 20.43 | 14.26 | 12.81 | 12.4 | 9.2 |
| Price/Book(x) | 0.52 | 0.91 | 0.81 | 0.92 | 0.81 | 0.56 | 0.79 | 0.89 | 0.6 | 0.77 | 0.83 |
| Dividend Yield(%) | 1.29 | 1.03 | 1.01 | 0.88 | 1.5 | 1.43 | 0.91 | 0.65 | 0.94 | 0.6 | 0.44 |
| EV/Net Sales(x) | 0.61 | 2.71 | 3.42 | 3.55 | 4.01 | 3.59 | 8.7 | 4.18 | 2.53 | 2.47 | 2.05 |
| EV/Core EBITDA(x) | 4.7 | 6.27 | 9.49 | 14.34 | 8.71 | 4.89 | 11.37 | 8.37 | 6.93 | 7.9 | 4.62 |
| Net Sales Growth(%) | 24.37 | -89.87 | -24.77 | 7.9 | -25.14 | -16.53 | -34.53 | 156.07 | 23.17 | 59.75 | 37.53 |
| EBIT Growth(%) | 21.97 | -66.13 | -44.87 | -30.28 | 53.61 | 41.5 | -37.37 | 79.34 | -4.89 | 41.49 | 104.6 |
| PAT Growth(%) | 45.21 | -64.87 | -2.88 | -49.82 | 49.08 | 83.91 | -51.18 | 93.57 | -21.3 | 62.71 | 85.77 |
| EPS Growth(%) | 46.41 | -65.32 | -4.69 | -51.42 | 31.83 | 123.13 | -54.87 | 99.81 | -22.98 | 62.93 | 84.45 |
| Debt/Equity(x) | 0.62 | 0.18 | 0.1 | 0.08 | 0.03 | 0.1 | 0.1 | 0.05 | 0.03 | 0.08 | 0 |
| Current Ratio(x) | 1.04 | 2.98 | 4.15 | 4.18 | 6.42 | 7.07 | 6.91 | 2.56 | 3.58 | 3.43 | 4.05 |
| Quick Ratio(x) | 0.47 | 0.92 | 2.4 | 2.64 | 4.08 | 4.16 | 4.13 | 1.31 | 1.25 | 2.1 | 3.2 |
| Interest Cover(x) | 3.29 | 7.45 | 14.36 | 27.21 | 95.66 | 609.86 | 0 | 0 | 12.17 | 9.19 | 35.76 |
| Total Debt/Mcap(x) | 1.2 | 0.19 | 0.13 | 0.09 | 0.04 | 0.18 | 0.12 | 0.06 | 0.06 | 0.11 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.9 | 65.9 | 65.9 | 65.9 | 65.9 | 65.9 | 65.94 | 65.94 | 65.94 | 65.94 |
| FII | 0.01 | 0.01 | 0.15 | 0 | 0.02 | 0 | 0.03 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.08 | 34.09 | 33.95 | 34.09 | 34.07 | 34.09 | 34.02 | 34.06 | 34.06 | 34.06 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 |
| FII | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.4 | 1.4 | 1.39 | 1.4 | 1.4 | 1.4 | 1.39 | 1.4 | 1.4 | 1.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 |
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