WEBSITE BSE:544356 NSE: AJAXENGG Inc. Year: 1992 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 15:59
​Ajax Engineering Ltd, established in 1992 and headquartered in Bengaluru, India, is a leading manufacturer of concrete equipment, offering a comprehensive range of products and services across the concrete application value chain. The company\'s product portfolio includes self-loading concrete mixers (SLCMs), batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slip-form pavers, and 3D concrete printers.The company\'s equipment is widely used in various infrastructure projects, including roads, railway line...Read More
​Ajax Engineering Ltd, established in 1992 and headquartered in Bengaluru, India, is a leading manufacturer of concrete equipment, offering a comprehensive range of products and services across the concrete application value chain. The company\'s product portfolio includes self-loading concrete mixers (SLCMs), batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slip-form pavers, and 3D concrete printers.The company\'s equipment is widely used in various infrastructure projects, including roads, railway lines, tunnels, flyovers, bridges, reservoirs, canals, airports, power plants, factories, and oil and gas terminals. Ajax Engineering operates manufacturing facilities in Obadenahalli, Gowribidanur, and Bashettihalli in Karnataka, each focusing on distinct products. ...Read Less
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Market Cap ₹6038 Cr.
Stock P/E 23.2
P/B 4.7
Current Price ₹527.8
Book Value ₹ 112.8
Face Value 1
52W High ₹756.8
Dividend Yield 0%
52W Low ₹ 395.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 399 | 657 | 469 | 301 | 548 | 756 | 467 | 445 | 434 |
| Other Income | 9 | 13 | 13 | 11 | 7 | 12 | 13 | 10 | 13 |
| Total Income | 408 | 670 | 482 | 312 | 555 | 767 | 479 | 455 | 447 |
| Total Expenditure | 333 | 548 | 389 | 262 | 460 | 645 | 405 | 400 | 389 |
| Operating Profit | 75 | 122 | 93 | 50 | 95 | 123 | 74 | 55 | 58 |
| Interest | 0 | 1 | 0 | 1 | 1 | -2 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Profit Before Tax | 72 | 119 | 90 | 47 | 92 | 122 | 71 | 53 | 52 |
| Provision for Tax | 18 | 30 | 23 | 13 | 23 | 31 | 18 | 14 | 13 |
| Profit After Tax | 54 | 88 | 67 | 34 | 68 | 91 | 53 | 39 | 38 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 54 | 88 | 67 | 34 | 68 | 91 | 53 | 39 | 38 |
| Adjusted Earnings Per Share | 4.7 | 7.7 | 5.9 | 3 | 6 | 7.9 | 4.6 | 3.4 | 3.3 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 742 | 763 | 1151 | 1741 | 2074 | 2102 |
| Other Income | 11 | 10 | 21 | 39 | 43 | 48 |
| Total Income | 752 | 773 | 1173 | 1780 | 2117 | 2148 |
| Total Expenditure | 614 | 674 | 980 | 1466 | 1756 | 1839 |
| Operating Profit | 138 | 99 | 192 | 314 | 361 | 310 |
| Interest | 1 | 0 | 1 | 2 | -1 | -2 |
| Depreciation | 8 | 8 | 9 | 10 | 11 | 12 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -3 |
| Profit Before Tax | 129 | 90 | 183 | 302 | 351 | 298 |
| Provision for Tax | 32 | 24 | 47 | 77 | 91 | 76 |
| Profit After Tax | 97 | 66 | 136 | 225 | 260 | 221 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 97 | 66 | 136 | 225 | 260 | 221 |
| Adjusted Earnings Per Share | 8.5 | 5.8 | 11.9 | 19.7 | 22.7 | 19.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 19% | 40% | 0% | 0% |
| Operating Profit CAGR | 15% | 54% | 0% | 0% |
| PAT CAGR | 16% | 58% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -25% | NA% | NA% | NA% |
| ROE Average | 25% | 25% | 21% | 21% |
| ROCE Average | 34% | 33% | 28% | 28% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 512 | 578 | 714 | 918 | 1157 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4 | 6 | 9 | 11 | 12 |
| Total Current Liabilities | 215 | 151 | 244 | 307 | 314 |
| Total Liabilities | 731 | 735 | 967 | 1236 | 1482 |
| Fixed Assets | 112 | 109 | 167 | 167 | 176 |
| Other Non-Current Assets | 55 | 71 | 45 | 100 | 70 |
| Total Current Assets | 563 | 556 | 755 | 969 | 1237 |
| Total Assets | 731 | 735 | 967 | 1236 | 1482 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | -15 | 50 | 6 | -3 | 63 |
| Cash Flow from Operating Activities | 72 | 85 | 185 | 207 | 43 |
| Cash Flow from Investing Activities | -7 | -129 | -193 | -116 | -35 |
| Cash Flow from Financing Activities | 0 | -0 | -0 | -25 | -26 |
| Net Cash Inflow / Outflow | 65 | -44 | -9 | 66 | -17 |
| Closing Cash & Cash Equivalent | 51 | 6 | -3 | 63 | 46 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 8.51 | 5.79 | 11.88 | 19.68 | 22.73 |
| CEPS(Rs) | 9.21 | 6.5 | 12.63 | 20.58 | 23.69 |
| DPS(Rs) | 0 | 0 | 0 | 4.34 | 0 |
| Book NAV/Share(Rs) | 44.75 | 50.55 | 62.39 | 79.91 | 100.44 |
| Core EBITDA Margin(%) | 17.2 | 11.72 | 14.83 | 15.82 | 15.34 |
| EBIT Margin(%) | 17.56 | 11.9 | 15.95 | 17.45 | 16.88 |
| Pre Tax Margin(%) | 17.44 | 11.85 | 15.89 | 17.34 | 16.92 |
| PAT Margin (%) | 13.13 | 8.67 | 11.81 | 12.93 | 12.54 |
| Cash Profit Margin (%) | 14.2 | 9.75 | 12.55 | 13.52 | 13.07 |
| ROA(%) | 13.33 | 9.03 | 15.97 | 20.44 | 19.13 |
| ROE(%) | 19.03 | 12.15 | 21.04 | 27.66 | 25.21 |
| ROCE(%) | 25.4 | 16.55 | 28.05 | 36.88 | 33.63 |
| Receivable days | 29.49 | 27.42 | 20.57 | 17.11 | 22.26 |
| Inventory Days | 125 | 101.95 | 54.76 | 41.89 | 42.62 |
| Payable days | 101.28 | 65.39 | 48.2 | 52.74 | 52.06 |
| PER(x) | 0 | 0 | 0 | 0 | 26.09 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 5.91 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | -0.2 | -0.02 | 0.01 | -0.03 | 3.24 |
| EV/Core EBITDA(x) | -1.08 | -0.13 | 0.07 | -0.17 | 18.62 |
| Net Sales Growth(%) | 0 | 2.91 | 50.81 | 51.28 | 19.09 |
| EBIT Growth(%) | 0 | -30.24 | 102.12 | 65.53 | 15.16 |
| PAT Growth(%) | 0 | -32.02 | 105.27 | 65.67 | 15.52 |
| EPS Growth(%) | 0 | -32.02 | 105.25 | 65.67 | 15.52 |
| Debt/Equity(x) | 0 | 0.01 | 0.01 | 0.01 | 0 |
| Current Ratio(x) | 2.62 | 3.68 | 3.1 | 3.16 | 3.94 |
| Quick Ratio(x) | 1.44 | 2.54 | 2.39 | 2.42 | 3.12 |
| Interest Cover(x) | 146.83 | 215.79 | 272.04 | 149.95 | -403.71 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 80 | 80 | 80 | 80 | 80 | 80 |
| FII | 5.02 | 5.95 | 6.46 | 6.51 | 6.15 | 5.65 |
| DII | 5.93 | 7.92 | 8.95 | 9.42 | 9.71 | 10.15 |
| Public | 9.06 | 6.13 | 4.59 | 4.07 | 4.14 | 4.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoter | 9.15 | 9.15 | 9.15 | 9.15 | 9.15 | 9.15 |
| FII | 0.57 | 0.68 | 0.74 | 0.74 | 0.7 | 0.65 |
| DII | 0.68 | 0.91 | 1.02 | 1.08 | 1.11 | 1.16 |
| Public | 1.04 | 0.7 | 0.53 | 0.47 | 0.47 | 0.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11.44 | 11.44 | 11.44 | 11.44 | 11.44 | 11.44 |
* The pros and cons are machine generated.
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