AJAX Engineering
- Market cap
- ₹ 6,324 Cr.
- P/E
- 27.4x
- P/B
- 4.62x
- 52-week range
- 394.8 – 678
- ROE
- 18%
- ROCE
- 24%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Agricultural, Commercial & Construction Vehicles
- Industry
- Construction Vehicles
- Listed on
- NSE, BSE
About
Ajax Engineering Limited is an India-based company. The Company is in the business of manufacturing self-loading concrete mixers, concrete batching plants and concrete pumps, being used across various sectors. The Company has developed a product portfolio that includes equipment such as self-loading concrete mixers (SLCMs) and batching plants to produce concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and three-dimension (3D) concrete printers for depositing concrete. It also provides spare parts for the equipment and facilitate the provision of after-sales service by dealers. Its products and solutions include Self Loading Concrete Mixer, Batching Plants, Pavers, Transit Mixers, Dumpers, Boom Pumps, and Stationary pumps. Its tunnel dumpers product includes ARGO 2000DM and ARGO 4000DM. Its Pavers products include SPX 745 and SPX 1024.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Construction Vehicles: 6 companies →AJAX Engineering against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)27.4 against a typical 27.4: in line than most peers (1st = cheapest).4th of 6
- Sales growth+1.7% against a typical +17.5% from a year earlier.5th of 6
- Profit growth+5.7% against a typical +4.9% from a year earlier.2nd of 4
- Share price, 3 months−3.9% against a typical −13.3%.3rd of 6
- Size₹ 6,324.4 Cr. market value against a typical ₹ 3,978.3 Cr. (1st = largest).3rd of 6
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA | Stable | 10 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Oct 2025 | Reaffirmed | [ICRA]AA | — | ICRA | ₹ 59 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 18 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 2 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 399 | 657 | 469 | 301 | 548 | 756 | 467 | 445 | 434 | 758 | 475 |
| Expenses | 333 | 548 | 389 | 262 | 460 | 645 | 405 | 400 | 389 | 643 | 415 |
| Operating Profit | 67 | 109 | 80 | 39 | 88 | 111 | 61 | 45 | 44 | 115 | 59 |
| OPM % | 17% | 17% | 17% | 13% | 16% | 15% | 13% | 10% | 10% | 15% | 12% |
| Other Income | 9 | 13 | 13 | 11 | 7 | 12 | 13 | 10 | 10 | 13 | 18 |
| Interest | 0 | 1 | 0 | 1 | 1 | −2 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Profit before tax | 72 | 119 | 90 | 47 | 92 | 122 | 71 | 53 | 52 | 126 | 74 |
| Tax % | 26% | 26% | 25% | 28% | 26% | 26% | 25% | 26% | 26% | 25% | 25% |
| Net Profit | 54 | 88 | 67 | 34 | 68 | 91 | 53 | 39 | 38 | 95 | 56 |
| EPS in Rs | 4.71 | 7.72 | 5.86 | 2.97 | 5.96 | 7.95 | 4.62 | 3.42 | 3.34 | 8.3 | 4.86 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 23%
- 3 Years
- 22%
- TTM
- 2%
- 10 Years
- —
- 5 Years
- 19%
- 3 Years
- 19%
- TTM
- −6%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 21%
- 3 Years
- 23%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| AJAX Engineering | ₹ 554.00 | ₹ 6,324 Cr. | 27.4x | 4.6x | 18% | — |
| Escorts Kubota | ₹ 2,626.00 | ₹ 29,420 Cr. | 24x | 2.6x | 12% | 11.8% |
| Action Construction Equipment | ₹ 1,000.15 | ₹ 11,954 Cr. | 27.8x | 5.8x | 22.9% | 12.7% |
| ESAB India | ₹ 5,289.90 | ₹ 8,143 Cr. | 44.5x | 20.3x | 52.3% | 13.7% |
| Texmaco Rail & Engineering | ₹ 99.20 | ₹ 4,034 Cr. | 23.6x | 2x | 7.6% | 3.9% |
| VST Tillers Tractors | ₹ 3,903.30 | ₹ 3,357 Cr. | 37.5x | 3.6x | 10% | 8.4% |
Management
- Shubhabrata Saha
- Chief Executive Officer, Managing Director, Executive Director
- Ketan Vishnu Pendse
- Chief Financial Officer
- Shruti Vishwanath Shetty
- Company Secretary, Compliance Officer
Prices are delayed and for information only. Nothing on this page is investment advice.