Overview

Detailed Summary

Ajax Engineering Limited manufactures self-loading concrete mixers (SLCMs), concrete batching plants, pumps, slip-form pavers and related concrete-equipment across India and through international distributors, serving infrastructure, irrigation, renewable energy, railways and real estate projects with an integrated product and after-sales platform.
Ajax retains dominant leadership in SLCMs with ~73% market share by units sold and 32.9k concrete equipment sold in the last decade, supported by a wide dealer network of 65+ domestic dealers, 27 international distributors across 54 countries, and a materially increasing non‑SLCM portfolio.
Q3 and 9M FY26 showed revenue stability on a YTD basis but margin pressure: 9M revenue grew 2% to ₹1,344.9 crore while adjusted EBITDA fell 26% to ₹154.4 crore, driven by higher production costs of CEV‑5 machines, product mix, and one‑time marketing spends that management expects to correct via calibrated pricing and operating leverage in FY27.
Ajax maintains strong historical return ratios and a solid liquidity position (including market investments reported around ₹810 crore on the call), while pursuing an incremental manufacturing facility and measured commercial rollout of new models such as UDAAN and CEV‑5 to broaden addressable markets.
Innovation is a clear differentiator: Ajax has developed Load Cell SLCMs (recognized by Legal Metrology), the only domestically developed slip‑form paver, self‑propelled boom pumps and a commercial 3D concrete printer, indicating a product-led strategy to capture mechanization trends in India’s construction sector.

Sector: Agricultural, Commercial & Construction Vehicles
Industry: Construction Vehicles
Market Cap: 6,350 Cr
Volatility: Moderate Risk
P/E Ratio: 28.7
Industry P/E: 28.7
PEG Ratio: 1.1
P/B Ratio: 5.0
52W High: 756.75
52W Low: 395.65

Sales CAGR

1Y: 19.09%
3Y: 39.54%
5Y: 23.02%
10Y: —

Profit CAGR

1Y: 15.52%
3Y: 57.79%
5Y: 21.11%
10Y: —

ROE

TTM: 20.04%
3Y: 22.27%
5Y: 20.23%
10Y: —

ROCE

TTM: 26.78%
3Y: 29.69%
5Y: 27.00%
10Y: —

Technicals

‌

Forecasts

Unlock more with professional

Analyst Target, Price, EPS and Revenue Projections
Get In-depth insights on EPS and Revenue forecasts

Peers

Industrials Capital Goods Construction Vehicles

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
BEML		1513.00	16,654 Cr	66.86	5.95	0.50	10.57	10.57	4.20
ACE		887.00	10,786 Cr	25.51	6.05	0.22	23.45	30.55	14.14
AJAXENGG		523.30	6,294 Cr	28.46	5.02	0.00	20.04	26.78	15.15
TIL		175.50	1,989 Cr	-180.17	5.21	0.00	-9.45	6.29	-1.96
BRADYM		770.00	207 Cr	9.72	4.19	0.00	9.71	13.59	31.10
CROWN		123.47	175 Cr	17.67	2.39	0.00	14.83	15.21	5.16
ETML		86.95	163 Cr	15.63	1.49	1.19	0.00	0.00	3.77
Median: 7 Co.	—	523.30	1,989 Cr	17.67	5.02	0.00	10.57	13.59	5.16

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	399	657	469	301	548	756	467	445	434
Expenses	333	548	389	262	460	645	405	400	389
Operating Profit	67	109	80	39	88	111	61	45	45
OPM %	16.73	16.62	17.09	12.98	16.06	14.67	13.16	10.18	10.26
Other Income	8.65	13	13	11	6.90	12	13	10	10
Interest	0.44	0.63	0.47	0.53	0.56	-2.43	0.07	0.07	0.09
Depreciation	2.62	2.57	2.63	2.65	2.83	2.82	2.98	2.66	2.86
Profit Before Tax	72	119	90	47	92	122	71	53	52
Tax %	25.51	25.68	25.43	28.03	25.61	25.56	25.47	25.75	26.05
Net Profit	54	88	67	34	68	91	53	39	38
EPS in Rs	—	—	—	2.96	5.92	7.90	4.59	3.39	3.32

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	736	742	763	1,151	1,741	2,074	2,071
Expenses	602	613	673	980	1,466	1,756	1,772
Operating Profit	134	129	90	171	276	318	299
OPM %	18.22	17.37	11.85	14.83	15.82	15.34	14.45
Other Income	7.05	9.34	8.56	21	39	43	43
Interest	0.64	0.89	0.42	0.68	2.03	-0.87	-1.27
Depreciation	7.96	7.96	8.20	8.56	10	11	11
Profit Before Tax	133	129	90	183	302	351	332
Tax %	24.69	24.71	26.78	25.71	25.43	25.87	25.90
Net Profit	100	97	66	136	225	260	246
EPS in Rs	—	—	—	—	—	—	19.20
Dividend Payout %	0.00	0.00	0.00	0.00	11.08	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.86	2.86	2.86	11	11	11
Reserves	412	509	575	702	907	1,146
Borrowings	15	0.68	7.16	12	8.23	1.77
Other Liabilities	124	218	150	241	310	324
Total Liabilities	554	731	735	967	1,236	1,482
Fixed Assets	113	112	157	167	167	176
CWIP	3.19	0.79	7.29	6.11	17	21
Investments	201	81	296	495	625	656
Other Assets	237	537	274	299	426	630
Total Assets	554	731	735	967	1,236	1,482

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	131	72	85	185	207	43
Cash from Investing Activity	-109	-6.54	-129	-193	-116	-35
Cash from Financing Activity	-14	-15	-0.40	-0.28	-25	-26
Net Cash Flow	7.65	50	-44	-8.82	66	-17

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2024	Dec 2024	Feb 2025	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	100.00%	80.00%	100.00%	80.00%	80.00%	80.00%	80.00%	80.00%
FIIs	0.00%	5.02%	0.00%	5.95%	6.46%	6.51%	6.15%	5.65%
DIIs	0.00%	6.13%	0.00%	7.92%	8.95%	9.42%	9.71%	10.15%
Public	0.00%	8.85%	0.00%	6.13%	4.59%	4.07%	4.14%	4.19%
Total Shareholders	9	2,72,678	9	1,52,056	94,515	77,176	72,724	72,001

Market Transactions

Unlock more with professional

Real-time bulk & block deal transactions
Export transaction data for analysis

Projection

Unlock more with professional

Analyst Target, Price, EPS and Revenue Projections
Get In-depth insights on EPS and Revenue forecasts

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q4 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Investor Presentation

Q3 FY25

Available on Pro Plan

Unlock reports, presentations, and AI-powered insights.

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

Ask AI

Frequently Asked Questions about Ajax Engineering Ltd

Ajax Engineering Ltd (AJAXENGG) is currently trading at 555.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Ajax Engineering Limited manufactures self-loading concrete mixers (SLCMs), concrete batching plants, pumps, slip-form pavers and related concrete-equipment across India and through international distributors, serving infrastructure, irrigation, renewable energy, railways and real estate projects with an integrated product and after-sales platform. Ajax retains dominant leadership in SLCMs with ~73% market share by units sold and 32.9k concrete equipment sold in the last decade, supported by a wide dealer network of 65+ domestic dealers, 27 international distributors across 54 countries, and a materially increasing non‑SLCM portfolio. Q3 and 9M FY26 showed revenue stability on a YTD basis but margin pressure: 9M revenue grew 2% to ₹1,344.9 crore while adjusted EBITDA fell 26% to ₹154.4 crore, driven by higher production costs of CEV‑5 machines, product mix, and one‑time marketing spends that management expects to correct via calibrated pricing and operating leverage in FY27. Ajax maintains strong historical return ratios and a solid liquidity position (including market investments reported around ₹810 crore on the call), while pursuing an incremental manufacturing facility and measured commercial rollout of new models such as UDAAN and CEV‑5 to broaden addressable markets. Innovation is a clear differentiator: Ajax has developed Load Cell SLCMs (recognized by Legal Metrology), the only domestically developed slip‑form paver, self‑propelled boom pumps and a commercial 3D concrete printer, indicating a product-led strategy to capture mechanization trends in India’s construction sector.

Over the past 52 weeks, Ajax Engineering Ltd has traded between a low of ₹395.65 and a high of ₹756.75. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Ajax Engineering Ltd has a market capitalization of approximately 6,294.09. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Ajax Engineering Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 28.46 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 6,294.09 Cr, Ajax Engineering Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Ajax Engineering Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Ajax Engineering Ltd is 28.46. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Ajax Engineering Ltd

Stock Summary and Key Metrics

Investment Checklist

Investment Checklist

Overview

Financial Ratios

Technicals

Forecasts

Unlock more with professional

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Unlock more with professional

Projection

Unlock more with professional

Documents

Actions

Announcements

AI Mode

Ask AI

Frequently Asked Questions about Ajax Engineering Ltd

What is Ajax Engineering Ltd share price today?

What does Ajax Engineering Ltd do?

What is the 52-week high and low of Ajax Engineering Ltd?

What is the market capitalization of Ajax Engineering Ltd?

Should I consider investing in Ajax Engineering Ltd stock?

Is Ajax Engineering Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Ajax Engineering Ltd belong to and why does it matter?

What is the PE ratio of Ajax Engineering Ltd?

Investor’s Suite

Market Explorer

Market Pulse

Deep Dive

Utility

Company

Technicals

Forecasts

Unlock more with professional

Projection

Unlock more with professional

Frequently Asked Questions about Ajax Engineering Ltd

What is Ajax Engineering Ltd share price today?

What does Ajax Engineering Ltd do?

What is the 52-week high and low of Ajax Engineering Ltd?

What is the market capitalization of Ajax Engineering Ltd?

Should I consider investing in Ajax Engineering Ltd stock?

Is Ajax Engineering Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Ajax Engineering Ltd belong to and why does it matter?

What is the PE ratio of Ajax Engineering Ltd?

Peers

Price Chart Comparison

Investment Checklist

Overview

Financial Ratios

Oscillators

Bearish

Overall

Bullish

Moving Averages

Bullish

Overall

Bullish