Ajax Engineering Ltd.

•

ajax-engg.comBSE: 544356NSE: AJAXENGG

Market Cap₹ 6,762 Cr.

Current Price

High / Low₹ 698 / 395

Stock P/E67.7

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE33.8 %

ROE27.4 %

Face Value₹ 1

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

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

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	432.00	61.84	150425.14	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1005.45	93.18	49717.58	0.59	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3641.75	73.13	43393.75	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34123.10	54.75	30170.02	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1004.05	70.98	22834.42	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2295.95	81.91	20875.34	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2773.25	128.87	17910.13	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	561.25	53.05	17842.05	0.76	511.00	693.48	4427.00	1092.30	35.95	11.59
9.	TEGA	1721.30	612.04	12931.73	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	80.63	55.91	12506.03	0.31	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KENNAMET	4998.95	93.82	10986.81	0.00	31.50	11.31	267.30	12.55	18.99	17.51
12.	AJAXENGG	591.05	67.74	6762.28	0.00	55.60	5.15	474.60	1.73	33.76	12.46

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

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:: —

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

Shareholding Pattern

Numbers in percentages

	Mar 2022	Mar 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	93.50	93.50	80.00	80.00	80.00	80.00	80.00	80.00	80.00
	0.00	0.00	5.02	5.95	6.47	6.51	6.15	5.65	4.67
	0.00	0.00	5.92	7.92	8.94	9.42	9.71	10.15	11.17
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.50	6.50	9.06	6.13	4.59	4.07	4.14	4.19	4.17

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Resignation of Director/KMP/SMP

2026-09-07 - Ajax Engineering Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-07

Resignation

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

Copy of Newspaper Publication

2026-09-05 - Ajax Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-05

Updates

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

Shareholders meeting

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

Shareholders meeting

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

Copy of Newspaper Publication

2026-09-03 - Ajax Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-26

ESOP/ESOS/ESPS

2026-08-26 - Ajax Engineering Limited has informed the Exchange regarding Allotment of 4516 Shares.

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Ajax Engineering Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for AJAXENGG

Loading news…

🤖

AI Stock Analyst

Ajax Engineering Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BHEL

432.00

61.84

150425.14

0.32

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

1005.45

93.18

49717.58

0.59

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3641.75

73.13

43393.75

0.55

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34123.10

54.75

30170.02

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

1004.05

70.98

22834.42

0.00

57.14

-19.99

508.47

23.97

21.34

21.40

INOXINDIA

2295.95

81.91

20875.34

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

AZAD

2773.25

128.87

17910.13

0.00

35.16

19.46

172.60

25.90

12.04

37.29

TRITURBINE

561.25

53.05

17842.05

0.76

511.00

693.48

4427.00

1092.30

35.95

11.59

TEGA

1721.30

612.04

12931.73

0.12

-108.25

-406.36

1723.44

383.99

8.37

3.27

LLOYDSENGG

80.63

55.91

12506.03

0.31

68.23

-77.28

527.15

142.92

17.99

15.04

KENNAMET

4998.95

93.82

10986.81

0.00

31.50

11.31

267.30

12.55

18.99

17.51

AJAXENGG

591.05

67.74

6762.28

0.00

55.60

5.15

474.60

1.73

33.76

12.46

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%

Interest

Depreciation

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%

Mar 2018

Mar 2019

Mar 2020

Equity Capital

313

312

412

Trade Payables

119

109

Total Liabilities

510

508

554

113

Capital Work in Progress

247

201

154

143

Cash & Bank

122

Total Assets

510

508

554

Mar 2018

Mar 2019

Mar 2020

272

138

159

Cash from Investing

-195

131

-109

Cash from Financing

-172

-28

-7

Mar 2018

Mar 2019

Mar 2020

Mar 2022

Mar 2023

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

93.50

80.00

0.00

5.02

5.95

6.47

6.51

6.15

5.65

4.67

0.00

5.92

7.92

8.94

9.42

9.71

10.15

11.17

Government

0.00

6.50

9.06

6.13

4.59

4.07

4.14

4.19

4.17

Ajax Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Ajax Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI