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AMJ Land Holdings Overview

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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AMJ Land Holdings Key Financials

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

AMJ Land Holdings Share Price

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Volume
Price

AMJ Land Holdings Quarterly Price

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AMJ Land Holdings Peer Comparison

AMJ Land Holdings Quarterly Results

#(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

AMJ Land Holdings Profit & Loss

#(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

Growth Rates

# 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%

AMJ Land Holdings Balance Sheet

#(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

AMJ Land Holdings Cash Flow

#(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

AMJ Land Holdings Ratios

# 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

AMJ Land Holdings Shareholding Pattern

# 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

AMJ Land Holdings News

AMJ Land Holdings Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Debtor days have improved from 257.56 to 100.5days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
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