Realty Stock Crashes 7% After Ace Investor Mukul Agrawal Sells His Entire Stake in the Company
This Small-Cap Realty Stock, engaged in real estate development and is primarily engaged in constructing residential apartments, luxury homes, commercial properties, and integrated townships across major Indian cities, fell 6.79 percent after Ace investor Mukul Agrawal sold his entire 1.96 percent holding in the company.
With a market capitalization of Rs. 2,607.54 crores, the share of Ajmera Realty & Infra India Limited has reached an intraday low of Rs. 131.20 per equity share, down nearly 6.79 percent from its previous day’s closing price of Rs. 140.75. Since then, the stock has retreated and is currently trading at Rs. 133.50 per equity share.
Also Read: Sensex & Nifty 50 | Stock Market Live Updates Today: Sensex, Nifty Rally Nearly 2%; Auto and Financials Lead Gains, IT Rebounds 2.23%
Reason Behind the Fall
Ace investor Mukul Agrawal has completely exited his investment in Ajmera Realty and Infra India by selling his entire holding of 37.97 lakh shares. His stake was equal to 1.93 percent of the company's total paid-up equity capital. The shares were sold for around Rs 53.4 crore at a price of Rs 140.75 per share.
Everest Food Products purchased the entire stake sold by Agrawal. The transaction took place through an open market deal on November 4. This marks the exit of Agrawal from the real estate company's shareholding.
In another deal, Cello Pens and Stationery purchased 25 lakh shares of Ajmera Realty from ValueQuest Investment Advisors. The shares represented 1.27 percent of the company's paid-up equity capital. The deal was worth around Rs 35.25 crore, with each share purchased at Rs 141.
Additionally, investor Gopani Jignesh Gunvant bought 14.4 lakh shares of Ajmera Realty. This purchase represented 0.73 percent of the company's total paid-up equity capital. The transaction was valued at Rs 20.09 crore, at a price of Rs 139.56 per share.
H1FY27 Performance vs FY27 Guidance
Ajmera Realty & Infra India Limited has set an ambitious target for FY27, with sales guidance of Rs 2,200 crore and planned project additions worth Rs 1,800 crore. The company has also guided for a debt-to-equity ratio of 1.00x, reflecting its focus on business growth and financial management.
During H1FY27, the company reported sales of Rs 370 crore and added projects worth Rs 389 crore. Its debt-to-equity ratio stood at 0.44x. This indicates that the company maintained a lower debt level compared to its full-year guidance while continuing to expand its project portfolio.
Also Read: PhysicsWallah Q2: Revenue Rises 18.2%, Profit Jumps 106% to ₹144 Crore; Online Business Leads Growth
Real Estate Portfolio
Ajmera Realty & Infra India Limited has a strong real estate portfolio of 16.3 million sq. ft., including 20.7 million sq. ft. of completed projects, 2.1 million sq. ft. of ongoing projects, and 3.8 million sq. ft. of potential launches.
The company has delivered over 46,000 homes and currently has 9 ongoing projects across Mumbai and Bengaluru. It also plans to launch 8 new projects in Mumbai, Pune and Bengaluru, with a future development potential of 10.4 million sq. ft., supported by its owned land bank.
Project Pipeline and Growth Outlook
Ajmera Realty & Infra India Limited has a strong revenue pipeline from its completed and ongoing projects. The company has received an Occupancy Certificate (OC) for its Eden project, generating revenue potential of Rs 11 crore from committed sales. For its ongoing projects, the company expects Rs 1,539 crore from committed sales and Rs 1,960 crore from unsold inventory over the next 48 months.
As of September 30, 2026, the company's ongoing projects had total sales bookings of Rs 3,968 crore. Out of this, Rs 2,430 crore has been recognised as revenue, while Rs 1,539 crore is yet to be recognised from committed sales. Another Rs 1,960 crore is expected from unsold inventory.
Overall, Ajmera Realty has a total revenue potential of Rs 10,518 crore. This includes Rs 3,510 crore from completed and ongoing projects and Rs 7,008 crore from potential future launches. This provides strong revenue visibility and supports the company's future growth plans.
Company Overview
Ajmera Realty & Infra India Limited (ARIIL) is a prominent Indian real estate development company headquartered in Mumbai, Maharashtra. Incorporated in 1985, the company is part of the renowned Ajmera Group, with a legacy of over five decades in real estate. It specializes in developing residential apartments, luxury homes, commercial properties, and integrated townships.
Recent Quarter Results
Looking at the company's financial highlights, Ajmera Realty & Infra India Limited's revenue has increased from Rs. 219 crore in Q2 FY26 to Rs. 317 crore in Q2 FY27, which has grown by 44.75 percent. The net profit has also grown by 54.84 percent from Rs. 31 crore in Q2 FY26 to Rs. 48 crore in Q2 FY27.
Ajmera Realty & Infra India Limited’s revenue and net profit have grown at a CAGR of 26 percent and 38 percent, respectively, over the last five years.
Also Read: BSE Shares Jump 4% as Transaction Charges Surge 42% YoY: Which Other Businesses Are Driving Growth?
In terms of return ratios, the company's ROCE and ROE stand at 14.3 percent and 11.5 percent, respectively. Ajmera Realty & Infra India Limited has an earnings per share (EPS) of Rs. 8.60, and its debt-to-equity ratio is 0.45x.