AJAXENGG

Ajax Engineering Ltd.

NSE: AJAXENGG

BSE: 544356

Sector: Capital Goods

Industry Group: Agricultural, Commercial & Construction Vehicles

Industry: Construction Vehicles

540.00-3.8 (-0.69%)

3 Jul, 3:30 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

97.0 / 100

Value Score

56.4 / 100

Price Momentum Score

51.6 / 100

QVM Score

85.9 / 100

Key Metrics

Market Cap

6220.88

P/E (TTM)

27.63

P/B

4.47

P/S (TTM)

2.96

EV/EBITDA

19.42

CAPE (5Y)

34.20

ROE (TTM)

17.66

ROCE (TTM)

20.01

ROA (TTM)

13.92

Avg 3Y ROE

23.44

Earnings 3Y CAGR

18.07

Sales 3Y CAGR

22.24

Sales 5Y CAGR

23.17

Debt/Equity

0.00

Consensus TP

700.00

Strong Buy %

80.00

Promoter Holding

80.00

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Ajax Engineering Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 31 Mar 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at same valuation levels as industry median P/E

PE TTM of 27.63 indicates that the stock is expensive on a standalone basis. Discount to industry median P/E is modest at -7.09%

What is P/E Ratio?

Median: 29.74

Value 27.63

27.63110

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -4.04% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Not enough data

Moderate operating margin but declining trend

The company reported moderate operating margin of 12.15% for 12-month ended 31 Mar 2026 but operating margin declined by -266 bps from 1 year ago

What is Operating profit margin?

Low revenue growth and in line with median growth of industry

The company delivered low revenue growth of 1.38% for 12-month ended 31 Mar 2026 and the growth was 0.0 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 1.38

Value 1.38

-19.058.16

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

High ROE but declining trend

The company reported strong ROE of 17.66% for 12-month ended 31 Mar 2026 but ROE declined by -740 bps from 1 year ago

What is ROE (FY)?

Low EPS growth but above median growth of industry

The company delivered low EPS growth of -13.54% for 12-month ended 31 Mar 2026 but the growth was 38.15 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Company's earnings are of moderate quality

Earnings quality score of 67.5 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

67.5 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Ajax Engineering Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Ajax Engineering Ltd. Shareholding Pattern

Quarterly breakdown of Ajax Engineering Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2021	Mar 2022	Mar 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	93.50	93.50	93.50	80.00	80.00	80.00	80.00	80.00	80.00
Indian Promoter	93.50	93.50	93.50	80.00	80.00	80.00	80.00	80.00	80.00
Foreign Promoter	0.00	0.00	0.00	-	-	-	-	-	-
Institutions	0.00	0.00	0.00	10.95	13.87	15.41	15.93	15.86	15.80
Mutual Funds / UTI	0.00	0.00	0.00	4.99	6.20	6.45	6.74	6.46	6.50
FI/Bank/Insurance	0.00	0.00	0.00	0.48	0.16	0.00	0.00	0.00	0.00
Govt	0.00	0.00	0.00	-	-	-	-	-	-
FII	0.00	0.00	0.00	5.02	5.95	6.47	6.51	6.15	5.65
Other Institutions	0.00	0.00	0.00	0.45	1.56	2.49	2.68	3.25	3.65
Non-Institution	6.50	6.50	6.50	9.06	6.13	4.59	4.07	4.14	4.19
Bodies Corporate	6.50	0.00	0.00	0.01	0.24	0.18	0.26	0.17	0.21
Others (incl. Retail) No. of shareholders	0.00 0	6.50 1	6.50 1	9.05 2,72,570	5.89 1,51,799	4.41 94,253	3.81 76,910	3.97 72,481	3.98 71,771

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Ajax Engineering Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
MORGAN STANLEY IFSC FUND	17 Feb 2025	sell	₹ 588.74	7.58 lac	₹ 44.63 cr

No corporate action data available.

Company Profile

Overview of Ajax Engineering Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Ajax Engineering Limited is an India-based company. The Company is in the business of manufacturing self-loading concrete mixers, concrete batching plants and concrete pumps, being used across various sectors. The Company has developed a product portfolio that includes equipment such as self-loading...

Key personnel

Mr. Ketan Vishnu Pendse

Chief Financial Officer

Ms. Shruti Vishwanath Shetty

Company Secretary, Compliance Officer

Mr. Shubhabrata SahaD

Chief Executive Officer, Managing Director, Executive Director

Parin Nalin MehtaD

Director

Mr. Krishnaswamy VijayD

Director (Promoter)

Mr. Sachin Rajkumar NandgaonkarD

Additional Non-Executive Nominee Director

Mr. Doddaballapur Prasanna AchutaraoD

Non-Executive Independent Director

Mr. Rajan WadheraD

Non-Executive Independent Director

View all

Incorporated on

03 Jul 1992

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

17 Feb 2025

Free Float

2,28,83,149

Website

http://www.ajax-engg.com/

Phone no.

+918067200083

Address

No. 253/1, 11th Main, 3rd Phase, Peenya Industrial Area, BANGALORE, 560058, India

Frequently Asked Questions

What is the current share price of Ajax Engineering Ltd.?

The current share price of Ajax Engineering Ltd. is ₹ 540.00 as of 3 Jul 2026.

What is the market capitalisation of Ajax Engineering Ltd.?

The market capitalisation of Ajax Engineering Ltd. stands at ₹ 6,220.88 Cr.

What is the PE ratio of Ajax Engineering Ltd.?

The Price-to-Earnings (PE) ratio of Ajax Engineering Ltd. is 27.63 as of the latest trailing twelve months data.

What is the ROE and ROCE of Ajax Engineering Ltd.?

Ajax Engineering Ltd. has a Return on Equity (ROE) of 17.66% and a Return on Capital Employed (ROCE) of 20.01% as per the latest financial reports.

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

The 52-week high of Ajax Engineering Ltd. is - and the 52-week low is -.

What is the dividend yield of Ajax Engineering Ltd.?

The dividend yield of Ajax Engineering Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Ajax Engineering Ltd.?

Foreign Institutional Investors (FII) hold 5.65%, Domestic Institutional Investors (DII) hold 6.50% and retail/public investors hold 3.98% of Ajax Engineering Ltd. shares.

What sector does Ajax Engineering Ltd. belong to?

Ajax Engineering Ltd. operates in the Capital Goods sector. 100% of analysts have a Buy or Strong Buy rating on Ajax Engineering Ltd. with a consensus target price of ₹ 700.00, implying 28.74% upside from current levels.

What is the beta of Ajax Engineering Ltd.?

The beta of Ajax Engineering Ltd. is 1.00, indicating its price volatility relative to the broader market. Over the past 1 year, Ajax Engineering Ltd. has delivered an absolute return of -13.91%.

What is the RSI of Ajax Engineering Ltd.?

The 14-day Relative Strength Index (RSI) of Ajax Engineering Ltd. is 46.22, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Ajax Engineering Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Ajax Engineering Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile