Reported Earnings • Jun 27
Full year 2026 earnings released: EPS: ₹0.037 (vs ₹0.089 in FY 2025) Full year 2026 results: EPS: ₹0.037 (down from ₹0.089 in FY 2025). Revenue: ₹357.4m (up 123% from FY 2025). Net income: ₹2.27m (down 58% from FY 2025). Profit margin: 0.6% (down from 3.4% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • May 25
Ajcon Global Services Limited, Annual General Meeting, Jul 21, 2026 Ajcon Global Services Limited, Annual General Meeting, Jul 21, 2026, at 11:30 Indian Standard Time. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹0.04 (vs ₹0.089 in FY 2025) Full year 2026 results: EPS: ₹0.04 (down from ₹0.089 in FY 2025). Revenue: ₹357.3m (up 123% from FY 2025). Net income: ₹2.27m (down 58% from FY 2025). Profit margin: 0.6% (down from 3.4% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.04 (vs ₹0.042 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.04 (down from ₹0.042 in 3Q 2025). Revenue: ₹33.7m (up 3.1% from 3Q 2025). Net income: ₹2.54m (down 1.4% from 3Q 2025). Profit margin: 7.5% (down from 7.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.12 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.05 (down from ₹0.12 in 2Q 2025). Revenue: ₹106.0m (up 85% from 2Q 2025). Net income: ₹2.87m (down 60% from 2Q 2025). Profit margin: 2.7% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 9.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 9.3% per year over the past 5 years. Market cap is less than US$10m (₹501.5m market cap, or US$5.66m). Minor Risk Revenue is less than US$5m (₹189m revenue, or US$2.1m). New Risk • Nov 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$10m (₹533.3m market cap, or US$6.02m). Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Revenue is less than US$5m (₹142m revenue, or US$1.6m). Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.056 in 1Q 2025) First quarter 2026 results: EPS: ₹0.03 (down from ₹0.056 in 1Q 2025). Revenue: ₹26.8m (down 39% from 1Q 2025). Net income: ₹1.85m (down 46% from 1Q 2025). Profit margin: 6.9% (down from 7.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹8.86, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 28x in the Diversified Financial industry in India. Total returns to shareholders of 150% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.89 (vs ₹2.05 in FY 2024) Full year 2025 results: EPS: ₹0.89 (down from ₹2.05 in FY 2024). Revenue: ₹160.1m (up 4.1% from FY 2024). Net income: ₹5.43m (down 57% from FY 2024). Profit margin: 3.4% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • May 29
Ajcon Global Services Limited, Annual General Meeting, Jul 21, 2025 Ajcon Global Services Limited, Annual General Meeting, Jul 21, 2025, at 11:30 Indian Standard Time. Announcement • May 22
Ajcon Global Services Limited to Report Q4, 2025 Results on May 29, 2025 Ajcon Global Services Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Market cap is less than US$10m (₹455.4m market cap, or US$5.39m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (₹159m revenue, or US$1.9m). New Risk • Feb 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹493.5m market cap, or US$5.68m). Minor Risk Revenue is less than US$5m (₹159m revenue, or US$1.8m). Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.42 (vs ₹0.47 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.42 (down from ₹0.47 in 3Q 2024). Revenue: ₹32.7m (down 7.5% from 3Q 2024). Net income: ₹2.57m (down 11% from 3Q 2024). Profit margin: 7.9% (down from 8.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Feb 10
Ajcon Global Services Limited Approves Appointment of CA. Sangeeta Vijay Kumar as the Non-Executive Independent Director Ajcon Global Services Limited informed that the Board of Directors of the Company, upon recommendation of the Nomination and Remuneration Committee, in its meeting held on February 10, 2025 has appointed CA. Sangeeta Vijay Kumar as the Non-Executive Independent Director of the Company with effect from February 10, 2025 . Brief profile of CA. Sangeeta Vijay Kumar: Date of Birth: April 7, 1973, Nationality: Indian, Qualification(s): Chartered Accountant, Experience and expertise in specific functional area: A Chartered Accountant having an experience of more than 10 years in Accounts, Taxation and Corporate Law. Term of Appointment (5 years): February 2, 2025 to February 13, 2030. Proposed Remuneration: Sitting Fees as approved by the Company from time to time and as may be agreed between the Independent Director and the Board of Directors. With over 15 years of extensive experience in the field of Chartered Accountancy, CA. Sangeeta Vijay Kumar specializes in statutory audits, direct taxation, Corporate Social Responsibility (CSR) and Sustainable reporting for corporates. Post her fellowship from ICAl in 2014 she has further strengthened her expertise by completing various certification courses in IND AS, BRSR & FAFD. She is also a certified peer reviewer by the Professional Review Board (PRB). In addition to the above she is an
active though Leader and speaker and panelist on topics such as social audit and social stock exchange. Directorship(s) held in other Companies in India: Non- Executive Director in Neelkanth Limited, Neelkanth Realtors Limited &
Asian Warehousing Limited . Membership/Chairmanship of Committees in other Companies (excluding foreign companies): Asian Warehousing Limited: Chairperson-Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee, Neelkanth Limited: Chairperson & member of Audit Committee, NRC and Stakeholders Committee. Neelkanth Realtors Limited:Chairperson of Audit Committee & NRC and Member of Stakeholders Relationship Committee. Consequent upon the said changes, the constitution of Board of Directors shall be as under: CA. Ashok Ajmera: Chairman & Managing Director, Mr. Ankit Ajmera: CFO & Executive Director. Mr. Anuj Ajmera: Executive Director, CA. Rahul Atal: Non-Executive Independent Director. Mrs. Beverly S.N. Avalani: Non-Executive Independent Director.CA. Sangeeta Vijay Kumar: Non-Executive Independent Director. Announcement • Feb 04
Ajcon Global Services Limited to Report Q3, 2025 Results on Feb 10, 2025 Ajcon Global Services Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹66.14, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 28x in the Diversified Financial industry in India. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹50.51, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 19% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹1.17 (vs ₹0.45 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.17 (up from ₹0.45 in 2Q 2024). Revenue: ₹57.3m (up 100% from 2Q 2024). Net income: ₹7.18m (up 160% from 2Q 2024). Profit margin: 13% (up from 9.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Nov 06
Ajcon Global Services Limited to Report Q2, 2025 Results on Nov 13, 2024 Ajcon Global Services Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹49.34, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 27x in the Diversified Financial industry in India. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹48.21, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 26x in the Diversified Financial industry in India. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹0.56 (vs ₹0.70 in 1Q 2024) First quarter 2025 results: EPS: ₹0.56 (down from ₹0.70 in 1Q 2024). Revenue: ₹43.5m (down 6.4% from 1Q 2024). Net income: ₹3.43m (down 20% from 1Q 2024). Profit margin: 7.9% (down from 9.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Aug 02
Ajcon Global Services Limited to Report Q1, 2025 Results on Aug 09, 2024 Ajcon Global Services Limited announced that they will report Q1, 2025 results on Aug 09, 2024 New Risk • Jul 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$10m (₹217.1m market cap, or US$2.60m). Minor Risk Revenue is less than US$5m (₹154m revenue, or US$1.8m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹42.60, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 31x in the Diversified Financial industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹2.05 (vs ₹0.91 in FY 2023) Full year 2024 results: EPS: ₹2.05 (up from ₹0.91 in FY 2023). Revenue: ₹153.6m (up 95% from FY 2023). Net income: ₹12.5m (up 126% from FY 2023). Profit margin: 8.2% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • May 20
Ajcon Global Services Limited to Report Q4, 2024 Results on May 27, 2024 Ajcon Global Services Limited announced that they will report Q4, 2024 results on May 27, 2024 New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹205.3m market cap, or US$2.46m). Minor Risk Revenue is less than US$5m (₹146m revenue, or US$1.8m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹36.84, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 51% over the past three years. Announcement • Mar 28
Ajcon Global Services Limited Announces Executive Changes, Effective April 1, 2024 Ajcon Global Services Limited at its board meeting held on March 28, 2024, announced appointment of CA Rahul Atal as an Additional Director in the capacity of Non-Executive Independent Director for the five year period from April 1, 2024 to March 31, 2029 (both days inclusive), and appointment of Mrs. Beverly S N Avalani as an Additional Director in the capacity of Non-Executive Independent Director for the five year period from April 1, 2024 to March 31, 2029 (both days inclusive). Mr. Rahul Atal, 39, is a Chartered Accountant having an experience of more than 10 years in Accounts, Taxation and Corporate Law. As a Practicing Chartered Accountant has served many Corporate Clients for their structuring, restructuring, valuation, audit, taxation, and various corporate law matters. He is the Registered value under the Companies Act, 2013. Date of Appointment 1 April, 2024. BEVERLY S N AVALANI, 38, M.B.A- Marketing-Jamanalal Bajaj Institute of Management Studies M.Com- Marketing- University of Mumbai has more than 15 years' experience in Marketing including digital marketing and social media. As an MBA and M.Com has developed digital marketing skills over the period of time and has rich experience of working with Jet Privilege Private Limited for its Jet Miles division now known as Inter Miles. Date of Appointment 1 April, 2024. The company also approved reconstitution of committees of the Board with effect from April 1, 2024. Audit Committee: CA Rahul Atal Independent Director (Chairman), CS Ragini Chokshi Independent Director (Member), Mr. Ankit Ajmera Whole-Time Director (Member). Nomination & Remuneration Committee CS Ragini Chokshi Independent Director (Chairman), Ms. Beverly S N Avalani Independent Director (Member), CA Rahul Atal Independent Director (Member). Stakeholder Relationship Committee CA Rahul Atal Independent Director (Chairman) Mr. Ankit Ajmera Whole-Time Director (Member), Mr. Anuj Ajmera Whole-Time Director (Member). Risk Management Committee CA Ashok Ajmera Managing Director (Chairman), CA Rahul Atal Independent Director (Member), Mr. Ankit Ajmera Whole-Time Director (Member). Reported Earnings • Feb 01
Third quarter 2024 earnings released: EPS: ₹0.47 (vs ₹0.35 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.47 (up from ₹0.35 in 3Q 2023). Revenue: ₹35.3m (up 107% from 3Q 2023). Net income: ₹2.90m (up 37% from 3Q 2023). Profit margin: 8.2% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Jan 21
Ajcon Global Services Limited to Report Q3, 2024 Results on Jan 30, 2024 Ajcon Global Services Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹46.67, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 26x in the Diversified Financial industry in India. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹35.31, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 25x in the Diversified Financial industry in India. Total returns to shareholders of 77% over the past three years. Announcement • Dec 19
Ajcon Global Services Limited Announces the Resignation of Mr. Puspraj Ramshila Pandey as Company Secretary & Compliance Officer Ajcon Global Services Limited announced the resignation of Mr. Puspraj Ramshila Pandey as Company Secretary & Compliance officer, with effect from December 18, 2023. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.45 (vs ₹0.69 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.45 (down from ₹0.69 in 2Q 2023). Revenue: ₹28.7m (up 43% from 2Q 2023). Net income: ₹2.76m (down 34% from 2Q 2023). Profit margin: 9.6% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Ajcon Global Services Limited to Report Q2, 2024 Results on Nov 09, 2023 Ajcon Global Services Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Aug 04
Ajcon Global Services Limited to Report Q1, 2024 Results on Aug 10, 2023 Ajcon Global Services Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹36.70, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 24x in the Diversified Financial industry in India. Total returns to shareholders of 81% over the past three years. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹0.91 (vs ₹3.56 in FY 2022) Full year 2023 results: EPS: ₹0.91 (down from ₹3.56 in FY 2022). Revenue: ₹78.4m (down 81% from FY 2022). Net income: ₹5.55m (down 75% from FY 2022). Profit margin: 7.1% (up from 5.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Ajcon Global Services Limited to Report Q4, 2023 Results on May 24, 2023 Ajcon Global Services Limited announced that they will report Q4, 2023 results on May 24, 2023 Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹33.20, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 21x in the Diversified Financial industry in India. Total returns to shareholders of 57% over the past three years. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: ₹0.35 (vs ₹0.49 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.35 (down from ₹0.49 in 3Q 2022). Revenue: ₹17.1m (down 83% from 3Q 2022). Net income: ₹2.12m (down 30% from 3Q 2022). Profit margin: 12% (up from 2.9% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Ajcon Global Services Limited Announces Executive Changes Ajcon Global Services Limited announced that at the board meeting held on January 31, 2023, the company approved the resignation of Mr. Shailendra Pathak as Company Secretary and Compliance Office, with effect from January 31, 2023. Appointment of Mr. Pushpraj Pandey as Company Secretary and Compliance Officer with effect from February 1, 2023. Announcement • Jan 24
Ajcon Global Services Limited to Report Q3, 2023 Results on Jan 31, 2023 Ajcon Global Services Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Ragini Chokshi was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Ajcon Global Services Limited to Report Q2, 2023 Results on Nov 10, 2022 Ajcon Global Services Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 10, 2022 Announcement • Sep 12
Ajcon Global Services Limited Announces Sad Demise of Rajendra Bakiwala -Non Executive Independent Director Ajcon Global Services Limited announced sad demise of Mr. Rajendra Bakiwala -Non Executive Independent Director. Mr. Rajendra Bakiwala played a vital role during his long association with the Company. The Company has immensely benefitted from his experience, vision and guidance as the qualified Chartered Accountant during his tenure. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹0.26 (vs ₹1.06 in 1Q 2022) First quarter 2023 results: EPS: ₹0.26 (down from ₹1.06 in 1Q 2022). Revenue: ₹23.4m (down 49% from 1Q 2022). Net income: ₹1.60m (down 75% from 1Q 2022). Profit margin: 6.8% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Ajcon Global Services Limited, Annual General Meeting, Sep 28, 2022 Ajcon Global Services Limited, Annual General Meeting, Sep 28, 2022. Announcement • Aug 06
Ajcon Global Services Limited to Report Q1, 2023 Results on Aug 10, 2022 Ajcon Global Services Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹3.56 (vs ₹2.56 in FY 2021) Full year 2022 results: EPS: ₹3.56 (up from ₹2.56 in FY 2021). Revenue: ₹408.7m (down 13% from FY 2021). Net income: ₹21.8m (up 39% from FY 2021). Profit margin: 5.3% (up from 3.3% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Ajcon Global Services Limited to Report Q4, 2022 Results on May 23, 2022 Ajcon Global Services Limited announced that they will report Q4, 2022 results on May 23, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Ragini Chokshi was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹46.35, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 20x in the Diversified Financial industry in India. Total returns to shareholders of 48% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.49 (up from ₹0.10 in 3Q 2021). Revenue: ₹103.3m (up 2.1% from 3Q 2021). Net income: ₹3.01m (up 392% from 3Q 2021). Profit margin: 2.9% (up from 0.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Ajcon Global Services Limited to Report Q3, 2022 Results on Feb 14, 2022 Ajcon Global Services Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to ₹51.50, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 19x in the Diversified Financial industry in India. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹30.50, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Diversified Financial industry in India. Total returns to shareholders of 7.0% over the past three years. Reported Earnings • Jul 21
Full year 2021 earnings released: EPS ₹2.56 (vs ₹2.53 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹471.3m (up 74% from FY 2020). Net income: ₹15.6m (up ₹31.1m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 20% share price gain to ₹25.25, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 14x in the Diversified Financial industry in India. Negligible returns to shareholders over past three years. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS ₹2.56 (vs ₹2.53 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹480.4m (up 76% from FY 2020). Net income: ₹15.6m (up ₹31.1m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 15
New 90-day high: ₹23.00 The company is up 16% from a price of ₹19.80 on 15 December 2020. Outperformed the Indian market which is up 14% over the last 90 days. Lagged the Diversified Financial industry, which is up 22% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹0.10 (vs ₹0.25 in 3Q 2020) Third quarter 2021 results: Net income: ₹612.0k (down 60% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Ajcon Global Services Limited to Report Q3, 2021 Results on Feb 08, 2021 Ajcon Global Services Limited announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Jan 14
New 90-day high: ₹22.50 The company is up 33% from its price of ₹16.95 on 16 October 2020. The Indian market is up 27% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Diversified Financial industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₹20.50 The company is up 38% from its price of ₹14.87 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹19.80 The company is up 33% from its price of ₹14.87 on 09 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 23% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹0.68 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₹264.6m (up 225% from 2Q 2020). Net income: ₹4.17m (up 111% from 2Q 2020). Profit margin: 1.6% (down from 2.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
Ajcon Global Services Limited to Report Q2, 2021 Results on Nov 13, 2020 Ajcon Global Services Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Sep 09
Ajcon Global Services Limited to Report Q1, 2021 Results on Sep 15, 2020 Ajcon Global Services Limited announced that they will report Q1, 2021 results on Sep 15, 2020 Announcement • Jul 25
Ajcon Global Services Limited to Report Q4, 2020 Results on Jul 30, 2020 Ajcon Global Services Limited announced that they will report Q4, 2020 results on Jul 30, 2020 
