Get 5 Shares For Every 1 Owned: How This Stock of Rs 1,000 Is Turning Shareholders Lakhpati?

A significant Indian real estate developer with more than 55 years of experience, Ajmera Realty & Infra India Ltd., has released its financial results for the quarter and a half that ended on September 30, 2025, and recommended a stock split in a 5:1 ratio.

Ajmera Realty Stock Split

The Board of Directors considered and approved "Sub-division / Split of the existing 1 (One) Equity share of the Company having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 5 (Five) Equity shares having face value of Rs. 2/(Rupees Two only) each, fully paid-up and consequent alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of the Shareholders and any regulatory/statutory approvals, as may be required under applicable laws. The Record Date for the purpose of the sub-division of equity shares shall be intimated in due course," said Ajmera Realty in a stock exchange filing on Thursday.

The split's main goals are to increase the company's equity shares' liquidity, make them more accessible and inexpensive for small retail investors, and increase the number of retail shareholders overall.

Following the subdivision, the subscribed, issued, and paid-up share capital will grow from 3,93,59,130 shares of Rs 10 each to 19,67,95,650 shares of Rs 2 each, while the authorized share capital will increase from 15,00,00,000 shares of Rs 10 each to 75,00,00,000 shares of Rs 2 each.

Subject to the required legal and regulatory permissions, the stock split is anticipated to be finished within two months after the shareholders' approval date.

For instance, if a shareholder currently holds 100 shares of Ajmera Realty priced at Rs 1,022 each according to the current market price, his or her total investment amounts to Rs 1,02,200.

The shareholder will possess 500 shares following the split, and the price per share will adjust to around Rs 204.40. The total value of the investment stays at Rs 1,02,200 even though the number of shares grows fivefold and the price per share drops proportionately.

Ajmera Realty Q2 Results

In Q2FY26, the firm recorded a total revenue of Rs 221 crore, up 8% year on year (YoY) but down 15% quarter on quarter (QoQ) from Rs 259.6 crore in Q1FY26. The EBITDA margin shrank by 450 bps YoY and 344 bps QoQ to 27%, while EBITDA was down 7% YoY and 24% QoQ at Rs 59.9 crore.

The PBT margin dropped to 19% and the profit before tax (PBT) came in at Rs 42.8 crore, showing an 8% YoY and 25% QoQ decline. With a PAT margin of 14% as opposed to 18% in Q2FY25, profit after tax (PAT) was Rs 31.2 crore, down 14% YoY and 21% QoQ. At Rs 7.72, earnings per share (EPS) plummeted 21% YoY.

While EBITDA climbed 6% YoY to Rs 139.2 crore, with margins softening to 29%, the company reported total sales of Rs 480.5 crore for H1FY26, a robust 20% YoY growth. With PBT growing 12% YoY to Rs 100 crore and PAT growing 2% YoY to Rs 70.7 crore, the EPS came to Rs 17.44, a decline of 5% from H1FY25.

Commenting on the Q2 & H1FY26 performance, Mr. Dhaval Ajmera, Director - Corporate Affairs said: "The Q2 and H1FY26 performance further reinforces our focus on disciplined growth, timely execution, and prudent financial management. During the quarter, we launched two marquee projects - Ajmera Manhattan 2 and Thirty3.15 - with a combined GDV of ₹2,100 crore, both receiving an encouraging market response. Strengthened balance sheet with a healthy debt-to-equity ratio of 0.55x, supported by robust sales momentum and strong collections, resulting in a well-optimized debt structure. With a strong project pipeline of GDV of INR 4,357 Cr across seven projects and strong demand visibility, we remain focused on maintaining this growth trajectory through strategic launches, robust pipeline, operational excellence, and a balanced approach to financial prudence.

"The outlook on development potential of Wadala stands robust with a lucrative line-up projected to generate a topline sales value of over INR 12,000 Cr. During H2FY26, we plan to launch a boutique office space with estimated carpet area over ~6 lakh sq.ft with an estimated GDV of INR 1800 Cr. Further FY27 onwards, we aim to foray into uber-luxury residential space and launch a project spreading across ~13.8 lakh sq.ft, estimated to generate a GDV of INR ~5700 Cr. Further, the next phases of Ajmera Manhattan to be developed across ~9 lakh sq.ft that will add an estimated GDV of INR ~3200 Cr," he further added.

Ajmera Realty Target Price

"Ajmera Realty stock price is bearish on the Daily charts with strong resistance at 1079. A Daily close below support of 986 could lead to a target of 898 in the near term," commented A R Ramachandran, Independent SEBI-registered Analyst.

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