Ajax Engineering

Why is Ajax Engineering Ltd falling/rising?

As of 07-Aug, Ajax Engineering Ltd's stock price is at 565.00, reflecting a decline of 0.56% and a total drop of 7.17% over the last two days. The stock has underperformed its sector and shows negative annual returns, despite increased investor participation.

As of 07-Aug, Ajax Engineering Ltd's stock price is falling, currently at 565.00, which reflects a decrease of 3.2 points or 0.56%. The stock has underperformed its sector by 1.26% today and has been on a consecutive decline for the last two days, resulting in a total drop of 7.17% during this period. Additionally, the stock has shown a negative performance over the past week, with a decline of 2.67%, while the benchmark Sensex has increased by 0.52%.<BR><BR>The stock's recent performance is further highlighted by its intraday low of Rs 555.2, which represents a decrease of 2.29%. Although the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, indicating a short-term weakness. <BR><BR>Despite these declines, there has been a notable increase in investor participation, with a delivery volume of 6.49 lacs on 06 Aug, which is up by 2442.09% compared to the 5-day average. However, this rise in participation has not translated into a positive price movement. The company's financials show a year-to-date decline of 4.88% and a significant annual drop of 16.72%, alongside a profit decrease of 13% over the past year. <BR><BR>In summary, the combination of recent price declines, underperformance relative to the sector, and negative annual returns contributes to the current downward trend in Ajax Engineering Ltd's stock price.

Which are the latest news on Ajax Engineering?

Should I buy, sell or hold Ajax Engineering Ltd?

When is the next results date for Ajax Engineering Ltd?

The next results date for Ajax Engineering Ltd is 05 August 2026.

The next results date for Ajax Engineering Ltd is scheduled for 05 August 2026.

What does Ajax Engineering do?

Ajax Engineering Ltd, a small-cap company in the automobile industry, reported net sales of 758 Cr and a net profit of 95 Cr for the quarter ending March 2026. The company has a market cap of INR 6,594 Cr, a P/E ratio of 28.00, and a return on equity of 16.34%.

Overview:<BR>Ajax Engineering Ltd operates in the automobiles industry and is categorized as a small-cap company.<BR><BR>History:<BR>Ajax Engineering Limited was incorporated in 1992 as Ajax Fiori Engineering (India) Private Limited. The company underwent a name change to Ajax Engineering Private Limited on March 15, 2019. The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 758 Cr (Quarterly Results - Mar 2026)<BR>Net Profit: 95 Cr (Quarterly Results - Mar 2026)<BR>Market Cap: INR 6,594 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 28.00<BR>Industry P/E: 37<BR>Dividend Yield: 0.00%<BR>Debt Equity: -0.75<BR>Return on Equity: 16.34%<BR>Price to Book: 4.78<BR><BR>Contact Details:<BR>Registrar Address: Not available.

How big is Ajax Engineering?

As of 10th June, Ajax Engineering Ltd has a market capitalization of 6,594.00 Cr, with recent net sales of 2,102.54 Cr and a net profit of 225.15 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Ajax Engineering Ltd has a market capitalization of 6,594.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 2,102.54 Cr, while the sum of Net Profit for the same period is 225.15 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 1,157.14 Cr, and Total Assets amount to 1,482.45 Cr.

Who are the peers of the Ajax Engineering?

Ajax Engineering's peers include Force Motors, Ola Electric, BEML Ltd, Olectra Greentec, Action Const.Eq., SML Mahindra, VST Till. Tract., Sanghvi Movers, and Landmark Cars. SML Mahindra has the highest 1-year return at 96.36%, while Ajax Engineering's return is -8.55%.

Peers: The peers of Ajax Engineering are Force Motors, Ola Electric, BEML Ltd, Olectra Greentec, Action Const.Eq., SML Mahindra, VST Till. Tract., Sanghvi Movers, and Landmark Cars.<BR><BR>Quality Snapshot: Excellent management risk is observed at Force Motors and VST Till. Tract., while Average management risk is found at BEML Ltd, Olectra Greentec, Action Const.Eq., SML Mahindra, Sanghvi Movers, and Landmark Cars, and the rest. Growth is excellent for Force Motors, Olectra Greentec, Action Const.Eq., and SML Mahindra, while below average growth is noted for Ajax Engineering, Ola Electric, VST Till. Tract., Landmark Cars, and the rest. Good capital structure is seen at Force Motors, BEML Ltd, Olectra Greentec, Ajax Engineering, and Sanghvi Movers, while average capital structure is found at SML Mahindra and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is SML Mahindra at 96.36%, while the lowest is TIL at -49.96%. Ajax Engineering's 1-year return of -8.55% is better than TIL's but worse than SML Mahindra's. Additionally, the six-month return is negative for Action Const.Eq., VST Till. Tract., and TIL.

Are Ajax Engineering Ltd latest results good or bad?

Ajax Engineering Ltd's latest Q4 FY26 results are strong, with a net profit increase of 148.29% and net sales growth of 74.76%, marking a positive turnaround. However, the overall fiscal year saw slower growth compared to FY25, and the stock has underperformed, indicating ongoing challenges.

Ajax Engineering Ltd's latest results for Q4 FY26 show a significant improvement, indicating a positive turnaround for the company. The net profit for the quarter reached ₹94.96 crores, which is a remarkable 148.29% increase compared to the previous quarter. Additionally, the company's net sales surged to ₹757.66 crores, reflecting a 74.76% quarter-on-quarter growth. This marks the highest quarterly sales, operating profit, and net profit the company has achieved in the last eight quarters, showcasing improved operational efficiency.<BR><BR>The operating margin also improved to 15.13%, the highest in two years, indicating better cost management and pricing power. Furthermore, the return on equity stands at a strong 20.04%, underscoring the company's capital efficiency.<BR><BR>However, it's important to note that while the quarterly performance is strong, the overall fiscal year FY26 saw a deceleration in growth compared to the previous year, with net sales growth of 19.10% down from 51.30% in FY25. The stock has underperformed over the past year, declining 18.86% compared to the Sensex's 7.91% drop, which may raise concerns among investors.<BR><BR>In summary, the latest quarterly results are indeed good, reflecting a strong recovery and operational capability, but the broader context of the fiscal year and stock performance suggests that the company still faces challenges ahead.

Is Ajax Engineering overvalued or undervalued?

As of November 17, 2025, Ajax Engineering is considered undervalued with a PE ratio of 29.37 and an EV to EBITDA of 21.92, outperforming peers like Thermax and BEML Ltd, and has achieved a stock return of 15.39% over the past week compared to the Sensex's 1.69%.

As of 17 November 2025, Ajax Engineering has moved from a valuation grade of very expensive to attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued. Key ratios include a PE ratio of 29.37, an EV to EBITDA of 21.92, and a remarkable ROCE of 52.38%. <BR><BR>In comparison to its peers, Ajax Engineering's PE ratio is notably lower than that of Thermax at 60.51 and BEML Ltd at 56.55, both categorized as expensive. Additionally, Ajax's EV to EBITDA ratio is more favorable than that of Action Construction Equipment, which stands at 22.81. The company's strong performance is further highlighted by its recent stock return of 15.39% over the past week, significantly outpacing the Sensex return of 1.69%.

How has been the historical performance of Ajax Engineering?

Ajax Engineering has experienced significant growth in net sales and profits over the past three years, with net sales increasing from 1,151.13 Cr in Mar'23 to 2,073.92 Cr in Mar'25, and profit after tax rising from 135.90 Cr to 260.10 Cr. However, cash flow from operating activities has declined, resulting in a net cash outflow of 17.00 Cr in Mar'25.

Answer:<BR>Ajax Engineering has shown significant growth in its historical performance, particularly in the last three fiscal years. <BR><BR>Breakdown:<BR>In terms of net sales, Ajax Engineering reported an increase from 1,151.13 Cr in Mar'23 to 1,741.40 Cr in Mar'24, and further to 2,073.92 Cr in Mar'25. This upward trend is mirrored in total operating income, which also rose from 1,151.13 Cr in Mar'23 to 2,073.92 Cr in Mar'25. The company's total expenditure, excluding depreciation, increased from 980.39 Cr in Mar'23 to 1,755.78 Cr in Mar'25. Operating profit (PBDIT) saw a substantial rise from 192.18 Cr in Mar'23 to 360.95 Cr in Mar'25, while profit before tax increased from 182.95 Cr in Mar'23 to 350.88 Cr in Mar'25. Consequently, profit after tax also grew significantly from 135.90 Cr in Mar'23 to 260.10 Cr in Mar'25. The earnings per share (EPS) improved from 11.88 in Mar'23 to 22.74 in Mar'25, indicating enhanced shareholder value. On the balance sheet, total assets rose from 966.73 Cr in Mar'23 to 1,482.45 Cr in Mar'25, while total liabilities increased from 966.73 Cr to 1,482.45 Cr over the same period. Cash flow from operating activities decreased from 184.00 Cr in Mar'23 to 42.00 Cr in Mar'25, leading to a net cash outflow of 17.00 Cr in Mar'25, down from an inflow of 66.00 Cr in Mar'24. Overall, Ajax Engineering has demonstrated robust growth in sales and profits, although cash flow from operations has seen a decline in the most recent year.

Who are the top shareholders of the Ajax Engineering?

The top shareholders of Ajax Engineering include the Johns Loaves Trust with 19.31%, mutual funds holding 6.2%, foreign institutional investors at 5.95%, and the SBI Magnum Children's Benefit Fund at 4%, while individual investors collectively own 4.9%.

The top shareholders of Ajax Engineering include the promoters, with the Johns Loaves Trust holding the largest stake at 19.31%. In addition to the promoters, the company has mutual funds holding 6.2% across six schemes and foreign institutional investors (FIIs) holding 5.95% through 32 different entities. The highest public shareholder is the SBI Magnum Children's Benefit Fund - Investment Plan, which holds 4%. Individual investors collectively own 4.9% of the company.

Has Ajax Engineering declared dividend?

No Dividend History Available