AJAX ENGINEERING LIMITED AJAXENGG NSEINFRA
Industrials · Farm & Heavy Construction Machinery · India
Ajax Engineering Limited manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally. The company also offers transit mixers, stationary concrete pumps, boom pumps, self-propelled boom pumps, 3D concrete printers, and slip-form pavers, as well as dumpers, planetary mixers, and twin shaft mixers. It serves roadways, waterways, irrigation, renewable energy, railways, residential/commercial, airports, and urban infrastructure sectors. Ajax Engineering Limited was incorporated in 1992 and is headquartered in Bengaluru, India.
READ MORE ›₹590.00
-9.40% 1Y
Market & Price
Market Cap
₹6,750.00 Cr
Current Price
₹590.00
High / Low (52W)
₹722.20 / ₹404.10
Beta
-
Valuation
Stock P/E
30.21
Industry PE
27.78
Forward P/E
19.49
PEG Ratio
-
Book Value
₹121.67
Price to Book
4.85
P/S
3.21
EV/EBITDA
21.45
Dividend Yield
-
Profitability & Returns
ROCE
21.41%
ROE
17.66%
ROA
9.87%
Profit Margin
10.71%
Op Margin
14.89%
EPS (Latest Qtr)
₹8.25
EPS (TTM)
₹19.53
Balance Sheet & Liquidity
Debt/Equity
0.13
Quick Ratio
3.58
Current Ratio
4.19
Debt
₹1.83 Cr
Total Assets
₹1,751.69 Cr
Current Assets
₹1,439.56 Cr
Working Capital
₹1,096.01 Cr
Ownership
Promoter Holding
80.00%
Chg in Prom Hold
-
FII / Inst Holding
13.62%
Chg in FII Hold
0.15%
Financial Snapshot
Enterprise Value
₹5,702.04 Cr
Total Revenue (TTM)
₹2,102.54 Cr
EBITDA
₹265.81 Cr
Free Cash Flow
₹334.91 Cr
Operating Cash Flow
₹377.29 Cr
Shares Outstanding
₹11.44 Cr
Gross Margin
25.28%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
22.29%
Profit 5Y
18.33%
Revenue (YoY)
0.30%
Earnings (YoY)
4.50%
PROS
- Healthy ROCE of 21.4%.
- Compounding revenue at 22.3% over 5 years.
- Profit CAGR of 18.3% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AJAXENGG AJAX ENGINEERING LIMITED NSEINFRA | 590.00 | 30.21 | ₹6,750.00 Cr | - | 21.41% | 17.66% | 22.29% | 18.33% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
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Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 755.75 Cr | 466.51 Cr | 444.81 Cr | 433.55 Cr | 757.66 Cr |
| Cost of Revenue | - | 573.97 Cr | 346.04 Cr | 337.99 Cr | 325.20 Cr | 561.85 Cr |
| Gross Profit | - | 181.79 Cr | 120.47 Cr | 106.82 Cr | 108.34 Cr | 195.82 Cr |
| Operating Expenses | - | 73.77 Cr | 62.06 Cr | 64.22 Cr | 66.70 Cr | 83.04 Cr |
| Operating Income | - | 108.02 Cr | 58.41 Cr | 42.60 Cr | 41.64 Cr | 112.78 Cr |
| EBITDA | - | 110.84 Cr | 73.99 Cr | 55.35 Cr | 54.66 Cr | 114.66 Cr |
| Interest Expense | 56.20 L | -1.13 Cr | 6.90 L | 7.20 L | 8.80 L | - |
| Pretax Income | - | 122.18 Cr | 70.94 Cr | 52.62 Cr | 51.71 Cr | 125.95 Cr |
| Tax Provision | - | 31.23 Cr | 18.07 Cr | 13.55 Cr | 13.47 Cr | 30.99 Cr |
| Net Income | - | 90.95 Cr | 52.88 Cr | 39.07 Cr | 38.24 Cr | 94.96 Cr |
| Diluted EPS | - | 7.90 | 4.59 | 3.39 | 3.32 | 8.25 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1,149.77 Cr | 1,739.58 Cr | 2,073.91 Cr | 2,102.54 Cr |
| Cost of Revenue | - | 836.70 Cr | 1,290.04 Cr | 1,511.74 Cr | 1,571.08 Cr |
| Gross Profit | - | 313.07 Cr | 449.54 Cr | 562.18 Cr | 531.46 Cr |
| Operating Expenses | - | 150.79 Cr | 183.50 Cr | 254.97 Cr | 276.02 Cr |
| Operating Income | - | 162.28 Cr | 266.05 Cr | 307.21 Cr | 255.43 Cr |
| EBITDA | - | 192.18 Cr | 314.22 Cr | 318.13 Cr | 311.88 Cr |
| Interest Expense | - | 67.50 L | 2.03 Cr | 42.90 L | 27.60 L |
| Pretax Income | - | 182.95 Cr | 301.92 Cr | 350.88 Cr | 301.23 Cr |
| Tax Provision | - | 47.05 Cr | 76.77 Cr | 90.79 Cr | 76.08 Cr |
| Net Income | - | 135.90 Cr | 225.15 Cr | 260.10 Cr | 225.15 Cr |
| Diluted EPS | 5.79 | 11.88 | 19.58 | 22.61 | - |
Compounded Sales Growth
| 5 Years: | 22.29% |
| 1 Year: | 0.30% |
Compounded Profit Growth
| 5 Years: | 18.33% |
| 1 Year: | 4.50% |
Stock Price Performance
| 1 Year: | -9.40% |
| 6 Months: | -8.15% |
| 3 Months: | +20.79% |
| 1 Month: | +11.80% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 966.73 Cr | 1,236.14 Cr | 1,482.45 Cr | 1,751.69 Cr |
| Current Assets | - | 755.36 Cr | 969.05 Cr | 1,236.57 Cr | 1,439.56 Cr |
| Cash & Equivalents | - | 7.10 Cr | 69.62 Cr | 45.95 Cr | 165.90 Cr |
| Inventory | - | 173.00 Cr | 226.74 Cr | 257.59 Cr | 165.24 Cr |
| Receivables | - | 75.03 Cr | 88.22 Cr | 164.72 Cr | 178.74 Cr |
| Total Liabilities | - | 252.93 Cr | 318.18 Cr | 325.31 Cr | 359.47 Cr |
| Current Liabilities | - | 243.96 Cr | 306.76 Cr | 313.68 Cr | 343.55 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 11.57 Cr | 8.23 Cr | 1.77 Cr | 1.83 Cr |
| Total Equity | - | 713.80 Cr | 917.96 Cr | 1,157.14 Cr | 1,392.22 Cr |
| Shares Outstanding | - | 11.44 Cr | 11.44 Cr | 11.44 Cr | 11.44 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 184.70 Cr | 207.47 Cr | 42.72 Cr | 377.29 Cr |
| Investing Cash Flow | - | -193.19 Cr | -115.58 Cr | -34.66 Cr | -256.97 Cr |
| Financing Cash Flow | - | -33.70 L | -25.46 Cr | -25.51 Cr | -36.00 L |
| Capital Expenditure | - | -17.18 Cr | -23.32 Cr | -23.45 Cr | -27.73 Cr |
| Free Cash Flow | - | 167.52 Cr | 184.16 Cr | 19.27 Cr | 349.56 Cr |
| Net Change in Cash | - | -8.82 Cr | 66.44 Cr | -17.45 Cr | 119.96 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 27.2% | 25.8% | 27.1% | 25.3% |
| Operating Margin % | - | 14.1% | 15.3% | 14.8% | 12.1% |
| Net Margin % | - | 11.8% | 12.9% | 12.5% | 10.7% |
| ROE % | - | 19.0% | 24.5% | 22.5% | 16.2% |
| ROCE % | - | 22.5% | 28.6% | 26.3% | 18.1% |
Shareholding Pattern
Insiders
80.00%
Institutions
13.62%
Public Float
68.07%
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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