AJAX ENGINEERING LIMITED AJAXENGG NSEINFRA
Company Overview
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.
Why Investors Should Care
Generates a return on equity of 16.2%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 21.4%.
Net profit has compounded at 18.3% per year over the last five years.
Revenue has grown at a 22.3% CAGR over the past five years.
Trades at a P/E of 25.8, below the sector median of 28.9.
Carries low leverage with a debt-to-equity ratio of 0.13.
Recent Developments
- Mar 2026 Revenue of ₹2,102.54 Cr (+1.4% YoY); net profit ₹225.15 Cr.
- Trailing 12 Months Year-on-year growth — revenue +1.4%, earnings -13.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.3%, profit CAGR 18.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.29% |
| 1 Year: | 1.38% |
Compounded Profit Growth
| 5 Years: | 18.33% |
| 1 Year: | -13.44% |
Stock Price Performance
| 1 Year: | -19.07% |
| 6 Months: | +14.95% |
| 3 Months: | +0.09% |
| 1 Month: | +2.53% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)55.30 · Neutral
P/E of 25.76 is below the sector median of 28.90 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
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.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 582.45 | 25.76 | ₹6,663.62 Cr | 0.00% | 21.41% | 16.17% | 22.29% | 18.33% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,964.10 | 33.92 | ₹5.45 L Cr | 0.94% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,707.30 | 29.32 | ₹3.93 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,856.00 | 35.63 | ₹3.25 L Cr | 0.41% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 405.35 | 48.90 | ₹2.96 L Cr | 0.63% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,977.00 | -80.43 | ₹1.92 L Cr | 0.24% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | ABB ABB India Limited NSEAIINFRA | 7,410.00 | 94.12 | ₹1.57 L Cr | 0.51% | 28.45% | 21.29% | 15.41% | 17.97% |
| 8 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 431.10 | 93.72 | ₹1.50 L Cr | 0.34% | 6.60% | 6.12% | 13.49% | 35.91% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,977.00 | 51.47 | ₹1.42 L Cr | 0.46% | 16.46% | 19.90% | 3.04% | 10.90% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
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 | - |
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
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AJAXENGG
Ajax Engineering Limited's (NSE:AJAXENGG) market cap dropped ₹5.7b last week; Private companies bore the brunt - simplywall.st
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Ajax Engineering (AJAXENGG.NS) Mar 2026 Earnings: Steady Operational Delivery Amid Infrastructure Push - Financial Health Score - vinanet.vn
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Ajax (AJAXENGG.NS) Momentum: Finishes 1.98% Up at ₹576.85 for the Current Session; Level Watch: Traders Can Monitor the ₹548.01-₹605.69 Range at the Close - High Dividend Factor - siam.in
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Some Investors May Be Willing To Look Past Ajax Engineering's (NSE:AJAXENGG) Soft Earnings - simplywall.st
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AJAX ENGINEERING LIMITED Share Price - Live NSE: AJAXENGG Stock Price & Chart - Upstox
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AJAXENGG — Frequently Asked Questions
What is the current share price of AJAX ENGINEERING LIMITED (AJAXENGG)?
As of 2026-09-08 04:53 IST, AJAX ENGINEERING LIMITED (AJAXENGG) trades at ₹582.45 on NSE. Its 52-week range is ₹404.10 to ₹722.20.
What is the market capitalisation of AJAXENGG?
AJAX ENGINEERING LIMITED (AJAXENGG) has a market capitalisation of ₹6,663.62 Cr on NSE.
What is the P/E ratio of AJAXENGG?
AJAXENGG trades at a trailing price-to-earnings (P/E) ratio of 25.76. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 4.65.
What is the return on equity (ROE) of AJAXENGG?
AJAXENGG has a return on equity (ROE) of 16.17%. Its return on capital employed (ROCE) is 21.41%.
Is AJAXENGG a good stock to buy?
This page provides a data-driven analysis of AJAX ENGINEERING LIMITED (AJAXENGG), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.