Ajax Engineering Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 60.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.9%
- Company comfortably covers its interest (209.4x coverage)
- Company generates healthy free cash flow
CONS
- Promoter holding has decreased over last 2 years: -13.5pp
- Working capital days have increased from 59 to 129 days
- Inventory has been piling up - inventory days up from 38 to 72
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| AJAXENGG | 590.25 | 67.65 | 6753.13 | 0.00 | 55.60 | 5.15 | 474.60 | 1.73 | 33.76 | 12.46 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
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Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|
| 979 | 1,154 | 755 | |
| 713 | 894 | 620 | |
| Operating Profit | 266 | 260 | 134 |
| OPM % | 27.20% | 22.52% | 17.77% |
| 7 | 3 | 7 | |
| Interest | 1 | 17 | 1 |
| Depreciation | 4 | 6 | 8 |
| Profit before Tax | 269 | 240 | 133 |
| Tax % | 35.40% | 35.05% | 24.69% |
| Net Profit | 174 | 156 | 100 |
| EPS | 5334.46 | 5453.38 | 3490.21 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
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STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -13%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 44%
- Last Year:
- 27%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|
| Equity Capital | 3 | 3 | 3 |
| 313 | 312 | 412 | |
| 34 | 35 | 15 | |
| Trade Payables | 119 | 109 | 82 |
| 41 | 49 | 42 | |
| Total Liabilities | 510 | 508 | 554 |
| 70 | 113 | 113 | |
| Capital Work in Progress | 22 | 12 | 1 |
| 247 | 98 | 201 | |
| 89 | 154 | 143 | |
| 0 | 0 | 0 | |
| Cash & Bank | 13 | 9 | 3 |
| 70 | 122 | 93 | |
| Total Assets | 510 | 508 | 554 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|
| 272 | 138 | 159 | |
| Cash from Investing | -195 | 131 | -109 |
| Cash from Financing | 28 | -172 | -28 |
| 14 | 1 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Ajax Engineering Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-09-07 - Ajax Engineering Limited has informed the Exchange regarding Resignation of Mr Ketan Pendse as Chief Financial Officer of the company w.e.f. September 07, 2026.
2026-09-05 - Ajax Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-05 - Ajax Engineering Limited has informed the Exchange regarding 'Pursuant to Regulation 30 read with Regulation 36(1)(b) of the SEBI (LODR) regulation, 2015 the company has dispatched a letter providing web-link and all the necessary details for accessing the Annual report of the company to the all shareholders whose email ID is not registered with company/depository participants'.
2026-09-04 - Ajax Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-04 - Ajax Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-03 - Ajax Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-26 - Ajax Engineering Limited has informed the Exchange regarding Allotment of 4516 Shares.
2026-08-13 - Ajax Engineering Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for AJAXENGG
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