Ajcon Global Services (BOM:511692) Debt-to-EBITDA : -6.57 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:511692 Ajcon Global Services Ltd BOM:511692
55 GF Score
Price ₹5.95
GF Value ₹12.55
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Ajcon Global Services Debt-to-EBITDA?

Ajcon Global Services BOM:511692 -7.03% 55 Debt-to-EBITDA is -6.57 as of Mar. 2026. GuruFocus rates BOM:511692 with a GF Score™ of 55/100 and a GF Value™ of ₹12.55 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 420 Capital Markets companies, Ajcon Global Services ranks worse than 77.86% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Ajcon Global Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹13.7 Mil. Ajcon Global Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹82.8 Mil. Ajcon Global Services's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹-14.7 Mil. Ajcon Global Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -6.57.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Ajcon Global Services's Debt-to-EBITDA or its related term are showing as below:

BOM:511692' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.73   Med: 6.56   Max: 237.71
Current: 6.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ajcon Global Services was 237.71. The lowest was 2.73. And the median was 6.56.

BOM:511692's Debt-to-EBITDA is ranked worse than
77.86% of 420 companies
in the Capital Markets industry
Industry Median: 1.6 vs BOM:511692: 6.25

Ajcon Global Services  (BOM:511692) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Ajcon Global Services Debt-to-EBITDA Related Terms


Ajcon Global Services Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ajcon Global Services's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ajcon Global Services Debt-to-EBITDA Chart

Ajcon Global Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 6.26 3.89 5.12 6.85

Ajcon Global Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.22 0.00 3.20 0.00 -6.57

BOM:511692 vs MS, GS, SCHW: Debt-to-EBITDA Comparison

For the Capital Markets subindustry, Ajcon Global Services's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ajcon Global Services Debt-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ajcon Global Services's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ajcon Global Services's Debt-to-EBITDA falls into.


BOM:511692
55GF Score
Ajcon Global Services Ltd BOM:511692
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajcon Global Services Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Ajcon Global Services's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.689 + 82.752) / 14.074
=6.85

Ajcon Global Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.689 + 82.752) / -14.672
=-6.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -6.57 mean?
Ajcon Global Services (BOM:511692) has a Debt-to-EBITDA of -6.57 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ajcon Global Services. Over the past decade, Ajcon Global Services' Debt-to-EBITDA has ranged from 2.73 to 237.71. According to the industry distribution chart, Ajcon Global Services ranks #327 out of 420 companies in the Capital Markets industry, placing it in the top 77.9%.
Is Ajcon Global Services' Debt-to-EBITDA too high?
Ajcon Global Services' current Debt-to-EBITDA is -6.57. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 237.71. Based on the distribution chart, Ajcon Global Services ranks #327 out of 420 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Ajcon Global Services has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ajcon Global Services' Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, Ajcon Global Services ranks #327 out of 420 companies for Debt-to-EBITDA. This places Ajcon Global Services in the lower half of its industry. The industry median Debt-to-EBITDA is 1.60. Historically, Ajcon Global Services' own Debt-to-EBITDA has ranged from 2.73 to 237.71 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.60, based on 420 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ajcon Global Services. For the Capital Markets industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajcon Global Services's current Debt-to-EBITDA is -6.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajcon Global Services stock overvalued right now?
Based on GuruFocus' analysis, Ajcon Global Services (BOM:511692) is currently considered Possible Value Trap. The stock's GF Value™ is ₹12.55, compared to a current price of ₹5.95 — trading 52.6% below its estimated fair value. The current Debt-to-EBITDA is -6.57. Ajcon Global Services' overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Ajcon Global Services (BOM:511692), the current Debt-to-EBITDA is -6.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ajcon Global Services (BOM:511692) Overvalued in 2026?

Based on GuruFocus' analysis, Ajcon Global Services stock appears to be undervalued. The current stock price of ₹5.95 is trading 52.6% below its estimated GF Value™ of ₹12.55. GuruFocus considers Ajcon Global Services to be Possible Value Trap.

Key valuation signals for BOM:511692:

  • Debt-to-EBITDA: -6.57
  • GF Value™: ₹12.55 vs. price of ₹5.95 (52.6% below fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the BOM:511692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ajcon Global Services Business Description

Address Western Express Highway, 408, A-Wing, Express Zone, Cello-Sonal Realty, Near Patels, Goregaon (East), Mumbai, MH, IND, 400063
Ajcon Global Services Ltd is an India based company engaged in the provision of financial services. Its services include equity broking, commodity broking, depository services, commodity broking, corporate advisory services, equity research, loan syndication, turnkey projects, corporate advisory services, investment banking, and merchant banking. The company generates revenue from stock market operations, consultancy and advisory services, and facility fees.
55GF Score

Get the complete analysis for BOM:511692

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5.95
Price
₹12.55
GF Value