Ajax Engineering

Ajax Engineering

606.00
-12.80
(-2.07%)
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Key Fundamentals
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Market Cap
6,933.05 Cr
EPS
22.73
PE Ratio
28.76
Dividend Yield
0.00 %
Industry
-
52 Week High
756.20
52 Week Low
549.10
PB Ratio
6.11
Debt to Equity
0.00
Sector
-
Analyst Rating and Forecast
- By Refinitiv from5 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+80.00 %
+80.00 %
Hold
Hold+20.00 %
+20.00 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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neutral
Tuhin Basu has resigned from his position as Chief Financial Officer of Ajax Engineering Limited, effective September 30, 2025. Basu cited his decision to embark on an entrepreneurship journey as the reason for his resignation and confirmed there are no other material reasons for his departure. He will continue working with the company in an advisory role starting October 1, 2025. Ajax Engineering has notified stock exchanges BSE and NSE of this change in key managerial personnel.
neutral
Ajax Engineering Limited reported flat revenue of Rs. 467 crores for Q1 FY26, while EBITDA declined 23% to Rs. 61 crores with margins compressing to 13.2% from 17.1% in the previous year. PAT fell to Rs. 53 crores from Rs. 67 crores. The company successfully transitioned to CEV-5 emission-compliant machines, which comprised 90% of SLCM sales, though this increased material costs by 400 basis points. Market share recovery was evident in July, reaching above 75%. The company faces headwinds from infrastructure project execution slowdown, with PMGSY road construction declining 37% and highway construction pace reducing 9%. Management expects early double-digit volume growth for FY26 and plans to increase pricing towards the end of Q2 FY26. Ajax maintains Rs. 680 crores in cash and investments while expanding its dealer network and developing new facilities.
negative
Ajax Engineering reported mixed quarterly results with revenue from operations remaining flat at ₹4,665 million compared to ₹4,690 million in Q1FY25. Profit after tax declined 21% to ₹529 million from ₹670 million, while EBITDA dropped 23% to ₹614 million. The company faced challenges from unseasonal rains, emission norm changes, and slower project execution. EBITDA margin compressed 390 basis points to 13.2%, and PAT margin fell 290 basis points to 11.3%. However, non-SLCM volumes grew 25% year-on-year, while SLCM business remained stable. The company maintains market leadership with approximately 69% share in India's SLCM market and operates through 114 customer touchpoints with 52 dealers across 22 states. Ajax Engineering expects margin pressure in the near term but anticipates recovery through operational efficiencies and pricing adjustments.
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Growth Rate
Revenue Growth
18.91 %
Net Income Growth
15.55 %
Cash Flow Change
-79.41 %
ROE
-8.36 %
ROCE
-8.41 %
EBITDA Margin (Avg.)
-3.40 %

Yearly Financial Results

Annual Financials
2020
2021
2022
2023
2024
2025
TTM
Revenue
743
751
772
1,173
1,780
2,117
2,114
Expenses
602
613
673
980
1,466
1,756
1,772
EBITDA
141
138
99
192
314
361
342
Operating Profit %
18 %
17 %
12 %
15 %
16 %
15 %
14 %
Depreciation
8
8
8
9
10
11
11
Interest
1
1
0
1
2
-1
-1
Profit Before Tax
133
129
90
183
302
351
332
Tax
33
32
24
47
77
91
85
Net Profit
100
97
66
136
225
260
246
EPS in ₹
3,490.21
3,405.08
5.79
11.88
19.68
22.73
21.50

Balance Sheet

Balance Sheet
2020
2021
2022
2023
2024
2025
Total Assets
554
731
735
967
1,236
1,482
Fixed Assets
113
112
157
167
167
176
Current Assets
403
564
556
755
969
1,237
Capital Work in Progress
3
1
7
6
17
21
Investments
201
81
296
495
625
657
Other Assets
237
537
275
299
427
630
Total Liabilities
554
731
735
967
1,236
1,482
Current Liabilities
137
215
151
244
307
314
Non Current Liabilities
2
4
6
9
11
12
Total Equity
414
512
578
714
918
1,157
Reserve & Surplus
412
509
575
702
907
1,146
Share Capital
3
3
3
11
11
11

Cash Flow

Cash Flow
2020
2021
2022
2023
2024
2025
Net Cash Flow
8
65
-44
-9
66
-18
Investing Activities
-109
-7
-129
-193
-116
-35
Operating Activities
131
72
85
185
208
43
Financing Activities
-14
0
-0
-0
-26
-26

Share Holding

% Holding
Sept 2024
Dec 2024
Feb 2025
Mar 2025
Jun 2025
Promoter
93.50 %
80.00 %
80.00 %
80.00 %
80.00 %
FIIs
0.00 %
5.02 %
0.00 %
5.95 %
6.46 %
DIIs
0.00 %
6.13 %
5.48 %
7.92 %
8.95 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
8.81 %
8.81 %
4.90 %
4.10 %
Others
6.50 %
0.04 %
5.72 %
1.24 %
0.49 %
No of Share Holders
9
2,72,678
9
1,52,056
94,515

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.17 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
09 Mar 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
09 Mar 2025 604.00 602.35
27 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
27 May 2025 667.60 680.75
02 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
02 Aug 2025 673.05 667.50
05 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
05 Sept 2025 667.50 686.55

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 24, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 08, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 05, 2025
Newspaper Clippings - Thirty-Third Annual General Meeting And Information On E-Voting" And Other Related InformationAug 13, 2025
Letter To Shareholders Containing Weblink Of 33Rd Annual General Meeting And Annual Report For The Financial Year 2024-25Aug 12, 2025
Reg. 34 (1) Annual Report.Aug 12, 2025
Notice Of The Thirty-Third Annual General Meeting For The Financial Year 2024-25Aug 12, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Newspaper Clippings - "Annual General Meeting" Of The Members Of The Company And Other Related InformationAug 11, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 04, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 02, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Financial Results For June 30 2025Aug 02, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Of Ajax Engineering Limited Held On 2Nd August 2025Aug 02, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 31, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 30, 2025
Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Standalone Unaudited Financial Results Of The Company For The Quarter Ended June 30 2025.Jul 30, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 17, 2025
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJul 11, 2025
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJul 11, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-CessationJun 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 17, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 17, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 17, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 11, 2025
Shareholder Meeting / Postal Ballot-Notice of Postal BallotJun 10, 2025
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations 2015Jun 05, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJun 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 28, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMay 27, 2025
Appointment Of Secretarial AuditorMay 27, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 27, 2025
Audited Financial Results Of The Company For The Quarter And Period Ended 31St March 2025May 27, 2025
Integrated Filing (Financial)May 27, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 27, 2025
Board Meeting Outcome for Outcome Of The Board MeetingMay 27, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2025
Board Meeting Intimation for Approving And Taking On Record The Standalone Audited Financial Results Of The Company As Per INDAS For The Quarter And Financial Year Ended March 31 2025.May 22, 2025
RTA - Change In E-Mail IDApr 29, 2025
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 29, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 15, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationApr 07, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Axis Business Cycles Fund Direct-Growth
0.00%
-158447
-0.50%
-0.47%
SBI Infrastructure Fund Direct-Growth
1.77%
79861
-0.04%
0.18%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.17%
69082
0.17%
0.17%
WhiteOak Capital Special Opportunities Fund Direct - Growth
0.76%
-17947
-0.23%
-0.66%
SBI Conservative Hybrid Fund Direct-Growth
0.04%
-10230
-0.01%
0.04%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
327
0.01%
0.01%
Angel One Nifty Total Market Index Fund Direct - Growth
0.01%
49
0.01%
0.01%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
45
0.01%
0.01%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
41
0.01%
0.01%
Edelweiss Recently Listed IPO Fund Direct-Growth
1.13%
0
-0.15%
-0.12%
WhiteOak Capital Balanced Hybrid Fund Direct - Growth
0.35%
0
-0.05%
-0.06%
ITI ELSS Tax Saver Fund Direct - Growth
0.61%
0
-0.09%
-0.05%
HSBC Infrastructure Fund Direct-Growth
1.03%
0
-0.12%
-0.05%
Edelweiss Equity Savings Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Aggressive Hybrid Fund Direct - Growth
0.00%
0
0.00%
0.00%
SBI Magnum Children's Benefit Fund - Investment Plan Direct - Growth
3.29%
0
-0.54%
-0.52%
SBI Small Cap Fund Direct-Growth
0.22%
0
-0.02%
-0.01%
WhiteOak Capital Balanced Advantage Fund Direct - Growth
0.34%
0
-0.05%
-0.04%
ITI Value Fund Direct - Growth
1.05%
0
-0.14%
-0.07%
WhiteOak Capital ELSS Tax Saver Fund Direct - Growth
0.75%
0
-0.09%
-0.01%
WhiteOak Capital Equity Savings Fund Direct - Growth
0.14%
0
-0.03%
-0.02%
WhiteOak Capital Flexi Cap Fund Direct - Growth
0.71%
0
-0.11%
-0.05%
WhiteOak Capital Mid Cap Fund Direct - Growth
0.56%
0
-0.08%
-0.08%
WhiteOak Capital Multi Asset Allocation Fund Direct - Growth
0.14%
0
-0.04%
-0.04%
WhiteOak Capital Multi Cap Fund Direct - Growth
0.77%
0
-0.13%
-0.08%

Technical Indicators

RSI(14)
Neutral
37.32
ATR(14)
Less Volatile
16.16
STOCH(9,6)
Oversold
18.79
STOCH RSI(14)
Oversold
7.68
MACD(12,26)
Bearish
-1.35
ADX(14)
Weak Trend
9.32
UO(9)
Bearish
41.49
ROC(12)
Downtrend And Accelerating
-5.12
WillR(14)
Oversold
-81.75