Ajax Engineering
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Ajax Engineering

623.85
-8.25
(-1.31%)
Market Cap
₹7,137.27 Cr
PE Ratio
29.68
Volume
21,590.00
Day High - Low
₹643.65 - ₹620.60
52W High-Low
₹756.20 - ₹549.10
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Key Fundamentals
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Market Cap
7,137.27 Cr
EPS
22.73
PB Ratio
5.95
Book Value
109.49
EBITDA
360.90
Dividend Yield
0.00 %
Industry
Automobiles
ROE Growth %
-
Debt to Equity
0.00
Analyst Rating and Forecast
- By Refinitiv from5 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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neutral
Ajax Engineering delivered strong quarterly results with revenue growing 48% to INR 445 crores driven by SLCM segment growth, though EBITDA margins declined 280 basis points to 10.2% due to higher production costs of new CEV5 machines. The company maintained its market leadership position at 71% market share while navigating industry challenges including extended monsoons, cash flow delays for contractors, and transition to new emission standards.
neutral
Ajax Engineering management expects early double-digit top-line growth for FY26, below their historical 18% CAGR, with EBITDA margins declining by 150-200 basis points compared to FY25. The company anticipates margin improvement in H2 FY26 through operating leverage from higher volumes and potential price adjustments, while declining to provide FY27 guidance.
positive
Ajax Engineering delivered 48% year-on-year revenue growth to ₹4,448 million in Q2FY26, driven by large contract deliveries in the SLCM segment. The company faced margin contraction due to increased production costs from emission norm changes, with gross margins declining 650 basis points to 24.0%, though management expects improvement in H2FY26.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
343.90
#1 1,26,635.38
-
0.00
-
-0
-6,570.15
-
159.75
93,828.44
24.26
#1 48,893.60
6.45
#1 3,383
6.94
74.72
1,843.60
15,355.16
55.37
4,045.90
-1.24
293
-5.88
31.33
982.80
11,703.50
27.54
3,427.40
14.59
409
-4.96
36.18
623.85
#5 7,137.27
#6 29.68
#5 2,116.70
#5 18.91
#4 260
#3 15.00
49.57
3,030.70
4,385.92
29.31
2,405.00
9.25
122
-3.67
52.57
341.90
2,960.03
17.43
822.90
69.46
157
24.74
41.97
275.70
1,836.22
-241.48
343.10
#1 396.53
3
-266.67
38.70
467.80
1,298.20
54.48
725.20
37.01
18
#1 80.43
49.18
934.00
209.03
#1 9.78
90.31
19.14
25
-79.17
37.37

Automatic Screeners on ScanX

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
2,257
Expenses
602
613
673
980
1,466
1,756
1,910
EBITDA
141
138
99
192
314
361
347
Operating Profit %
18 %
17 %
12 %
15 %
16 %
15 %
14 %
Depreciation
8
8
8
9
10
11
11
Interest
1
1
0
1
2
-1
-2
Profit Before Tax
133
129
90
183
302
351
337
Tax
33
32
24
47
77
91
79
Net Profit
100
97
66
136
225
260
251
EPS in ₹
3,490.21
3,405.08
5.79
11.88
19.68
22.73
21.90

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
Sept 2025
Promoter
93.50 %
80.00 %
80.00 %
80.00 %
80.00 %
80.00 %
FIIs
0.00 %
5.02 %
0.00 %
5.95 %
6.46 %
6.51 %
DIIs
0.00 %
6.13 %
5.48 %
7.92 %
8.95 %
9.42 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
8.81 %
8.81 %
4.90 %
4.10 %
3.50 %
Others
6.50 %
0.04 %
5.72 %
1.24 %
0.49 %
0.57 %
No of Share Holders
9
2,72,678
9
1,52,056
94,515
77,176

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
13 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 Nov 2025 594.20 574.45

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript7 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 13, 2025
Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025Nov 13, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 13, 2025
Board Meeting Outcome for Board Meeting Outcome For Standalone Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025.Nov 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 10, 2025
Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Standalone Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025Nov 10, 2025
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

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Axis Small Cap Fund Direct-Growth
0.02%
-420135
-0.11%
-0.12%
SBI Conservative Hybrid Fund Direct-Growth
0.02%
-28982
-0.02%
-0.03%
WhiteOak Capital Special Opportunities Fund Direct - Growth
0.57%
-18674
-0.18%
-0.42%
WhiteOak Capital Multi Asset Allocation Fund Direct - Growth
0.13%
13303
-0.01%
-0.04%
ITI Value Fund Direct - Growth
1.13%
10746
0.08%
-0.06%
WhiteOak Capital Balanced Hybrid Fund Direct - Growth
0.32%
803
-0.03%
-0.08%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.16%
765
-0.02%
0.16%
WhiteOak Capital Equity Savings Fund Direct - Growth
0.13%
715
-0.01%
-0.04%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
3
0.00%
0.01%
Angel One Nifty Total Market Index Fund Direct - Growth
0.01%
1
0.00%
0.01%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
-1
0.00%
0.01%
WhiteOak Capital Balanced Advantage Fund Direct - Growth
0.30%
0
-0.04%
-0.09%
Edelweiss Aggressive Hybrid Fund Direct - Growth
0.00%
0
0.00%
0.00%
Edelweiss Equity Savings Fund Direct-Growth
0.00%
0
0.00%
0.00%
SBI Infrastructure Fund Direct-Growth
1.67%
0
-0.10%
-0.14%
SBI Magnum Children's Benefit Fund - Investment Plan Direct - Growth
2.88%
0
-0.41%
-0.95%
SBI Small Cap Fund Direct-Growth
0.20%
0
-0.02%
-0.05%
Edelweiss Recently Listed IPO Fund Direct-Growth
1.05%
0
-0.08%
-0.24%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.01%
WhiteOak Capital ELSS Tax Saver Fund Direct - Growth
0.66%
0
-0.09%
-0.18%
ITI ELSS Tax Saver Fund Direct - Growth
0.55%
0
-0.06%
-0.15%
WhiteOak Capital Flexi Cap Fund Direct - Growth
0.62%
0
-0.09%
-0.20%
WhiteOak Capital Mid Cap Fund Direct - Growth
0.48%
0
-0.08%
-0.16%
HSBC Infrastructure Fund Direct-Growth
0.95%
0
-0.08%
-0.20%
WhiteOak Capital Multi Cap Fund Direct - Growth
0.66%
0
-0.11%
-0.24%

Technical Indicators

RSI(14)
Neutral
52.22
ATR(14)
Less Volatile
22.18
STOCH(9,6)
Neutral
66.01
STOCH RSI(14)
Neutral
60.60
MACD(12,26)
Bullish
3.81
ADX(14)
Weak Trend
19.80
UO(9)
Bearish
45.95
ROC(12)
Uptrend And Accelerating
9.68
WillR(14)
Neutral
-38.11