AJCON
Ajcon Global Services financials
- Market cap
- ₹42 Cr
Quarterly results
Q1 FY27: revenue up 14.2%, net profit up 15.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 3 | 3 | 3 | 11 +79% | 4 +2% | 20 +489% | 3 +14% |
| EBITDA | 1 | 1 | -1 | 0 | 1 −45% | 1 −3% | -0 +48% | 1 +22% |
| Net profit | 1 | 0 | -1 | 0 | 0 −58% | 0 −4% | -1 +32% | 0 +16% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −32.5% 1Y
1Y: ₹9.18 on 9 Sept 2025 → ₹6.2. High ₹10.47 (22 Sept 2025), low ₹5.37 (30 Jan 2026).
Financials, as filed
Revenue grew 46.4% a year over 2 years, FY24 to FY26. Operating margin narrowed to 3.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹17 Cr | ₹17 Cr | ₹36 Cr |
| Operating profit | ₹3 Cr | ₹2 Cr | ₹1 Cr |
| Operating margin | 15.6% | 10.1% | 3.6% |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Net margin | 7.7% | 3.4% | 0.7% |
| Cash from operations | ₹-0 Cr | ₹-1 Cr | ₹-1 Cr |
| Free cash flow | ₹-0 Cr | ₹-1 Cr | ₹-1 Cr |
| ROCE | 7.1% | 4.3% | 2.9% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹13 Cr | ₹15 Cr | ₹16 Cr | ₹17 Cr | ₹20 Cr | ₹19 Cr |
| Borrowings | ₹12 Cr | ₹10 Cr | ₹11 Cr | ₹10 Cr | ₹9 Cr | ₹9 Cr |
| Other liabilities | ₹5 Cr | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹6 Cr |
| Total liabilities | ₹36 Cr | ₹35 Cr | ₹38 Cr | ₹38 Cr | ₹40 Cr | ₹41 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹33 Cr | ₹32 Cr | ₹34 Cr | ₹35 Cr | ₹37 Cr | ₹38 Cr |
| Total assets | ₹36 Cr | ₹35 Cr | ₹38 Cr | ₹38 Cr | ₹40 Cr | ₹41 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 5,004.
- Promoters
- 65.8%
- DIIs
- 0.8%
- Public
- 33.3%
Since Jun 2025
- Promoters −0.01 pp
- Public +0.01 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 67.5% to 65.8% — −1.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.5%, DIIs 0.8%, Public 31.7%.Dec '23: Promoters 67.0%, DIIs 0.8%, Public 32.1%.Mar '24: Promoters 66.7%, DIIs 0.8%, Public 32.4%.Jun '24: Promoters 66.3%, DIIs 0.8%, Public 32.9%.Sep '24: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Dec '24: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Mar '25: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Jun '25: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Sep '25: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Dec '25: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Mar '26: Promoters 65.8%, DIIs 0.8%, Public 33.3%.Jun '26: Promoters 65.8%, DIIs 0.8%, Public 33.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ajcon Global Services Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashok Manikchand Ajmera | 12.26% | unchanged |
| Ajcon Edufin Private Limited | 11.77% | unchanged |
| Pragati Ashok Ajmera | 8.18% | unchanged |
| Anuj Ashok Ajmera | 6.33% | unchanged |
| Ankit Ashok Ajmera | 6.29% | unchanged |
| Ajcon Communications Private Limited | 4.91% | unchanged |
| Ajcon Infra Projects Private Limited | 4.63% | unchanged |
| Shikha Anuj Ajmera | 3.27% | unchanged |
| Pallavi Ankit Ajmera | 3.27% | unchanged |
| Iepf | 3.12% | unchanged |
| Pride Shelters Private Limited | 2.43% | unchanged |
| Goodmorning Investrade Private Limited | 2.23% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Ajcon Global Services Ltd.
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