Ajax Engineering

  • Market Cap: Small Cap
  • Industry: Automobiles
  • ISIN: INE274Y01021
  • NSEID: AJAXENGG
  • BSEID: 544356
INR
619.95
-1.6 (-0.26%)
BSENSE

Dec 05

BSE+NSE Vol: 1.24 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.24 k (994.36%) Volume

Shareholding (Sep 2025)

FII

6.51%

Held by 35 FIIs

DII

2.68%

Held by 9 DIIs

Promoter

80.00%

Who are the top shareholders of the Ajax Engineering?

06-Jun-2025

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.

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Has Ajax Engineering declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Ajax Engineering?

04-Jun-2025

Ajax Engineering's peers include Maruti Suzuki, M & M, Tata Motors, Bajaj Auto, Hyundai Motor I, VST Till. Tract., SML ISUZU, Sanghvi Movers, and TIL. Management risk varies from excellent to average among peers, with M & M showing the highest 1-year return at 15.79% and Tata Motors the lowest at -25.59%.

Peers: Ajax Engineering's peers include Maruti Suzuki, M & M, Tata Motors, Bajaj Auto, Hyundai Motor I, VST Till. Tract., SML ISUZU, Sanghvi Movers, and TIL.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Auto, Hyundai Motor I, and Ajax Engineering, while Good management risk is found at Maruti Suzuki, M & M, VST Till. Tract., Sanghvi Movers, and the rest. Average management risk is present at SML ISUZU and TIL. Growth is Excellent for Maruti Suzuki, M & M, Tata Motors, Bajaj Auto, Hyundai Motor I, and Ajax Engineering, while Good growth is noted at VST Till. Tract., SML ISUZU, Sanghvi Movers, and the rest. Capital Structure is Excellent for Bajaj Auto, Hyundai Motor I, and VST Till. Tract., Good for Ajax Engineering and Sanghvi Movers, Average for Tata Motors, and Below Average for M & M and SML ISUZU, with TIL having a Below Average rating as well.<BR><BR>Return Snapshot: The peer with the highest 1-year return is M & M at 15.79%, while Tata Motors has the lowest at -25.59%. Ajax Engineering's 1-year return is not available for comparison. Additionally, SML ISUZU and Sanghvi Movers have negative six-month returns.

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What does Ajax Engineering do?

17-Jul-2025

Ajax Engineering Ltd, a mid-cap company in the automobile industry, specializes in engineering solutions and reported net sales of ₹7,558 Cr and a net profit of ₹910 Cr for the quarter ending March 2025. Key financial metrics include a P/E ratio of 31.00 and a return on equity of 28.33%.

Overview:<BR>Ajax Engineering Ltd operates in the automobiles industry and is categorized as a mid-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 in March 2019. The most recent quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 7,558 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 910 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 7,919 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 31.00 <BR>Industry P/E: 38 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.68 <BR>Return on Equity: 28.33% <BR>Price to Book: 8.60 <BR><BR>Contact Details:<BR>No Company Details Available <BR>Registrar Address: Not available.

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How big is Ajax Engineering?

24-Jul-2025

As of 24th July, Ajax Engineering Ltd has a market capitalization of 7,840.00 Cr, with recent Net Sales of 2,262.11 Cr and a Net Profit of 281.38 Cr. The company reported Shareholder's Funds of 917.96 Cr and Total Assets of 1,236.14 Cr for the annual period ending March 2024.

As of 24th July, Ajax Engineering Ltd has a market capitalization of 7,840.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Ajax Engineering reported Net Sales of 2,262.11 Cr and a Net Profit of 281.38 Cr.<BR><BR>For the latest annual period ending in March 2024, the company had Shareholder's Funds amounting to 917.96 Cr and Total Assets of 1,236.14 Cr.

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When is the next results date for Ajax Engineering?

11-Nov-2025

The next results date for Ajax Engineering is 13 November 2025.

The next results date for Ajax Engineering is scheduled for 13 November 2025.

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How has been the historical performance of Ajax Engineering?

15-Nov-2025

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.

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Is Ajax Engineering overvalued or undervalued?

18-Nov-2025

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%.

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Why is Ajax Engineering falling/rising?

05-Dec-2025

As of 04-Dec, Ajax Engineering Ltd's stock price is at 621.00, down 1.11% and underperforming its sector. Despite increased investor participation, the stock shows a downward trend, being lower than several moving averages and reflecting negative market sentiment.

As of 04-Dec, Ajax Engineering Ltd's stock price is currently at 621.00, reflecting a decrease of 7.0 points or 1.11%. This decline indicates that the stock is falling. The performance today shows that it has underperformed its sector by 0.75%. Additionally, while the stock is higher than its 20-day moving average, it is lower than the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a weaker short-term trend compared to longer-term averages.<BR><BR>Despite a significant increase in investor participation, with delivery volume rising by 3602.72% against the 5-day average, the overall market sentiment appears to be negative, contributing to the stock's decline. The stock's performance over the past week shows a slight decrease of 0.47%, which is slightly better than the benchmark Sensex's decline of 0.53%. However, the stock's recent performance over the past month has been positive, with a gain of 3.63%, indicating some volatility in its price movement.<BR><BR>Overall, the combination of today's underperformance relative to the sector, the position of the moving averages, and the current price drop contribute to the conclusion that Ajax Engineering Ltd's stock is experiencing a downward trend.

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Strong Sell
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Strong Buy

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Stock DNA
stock-summary
Industry

Automobiles

stock-summary
Market cap

INR 7,105 Cr (Small Cap)

stock-summary
P/E

27.00

stock-summary
Industry P/E

34

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.53

stock-summary
Return on Equity

20.76%

stock-summary
Price to Book

5.67

Revenue and Profits:
Net Sales:
445 Cr
(Quarterly Results - Sep 2025)
Net Profit:
39 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-8.61%
0%
-8.61%
6 Months
0.48%
0%
0.48%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Ajax Engineering for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Announcements stock-summary

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

20-Nov-2025 | Source : BSE

Transcript of Earnings Conference Call held on November 14 2025 on unaudited financial results for the quarter and half year ended September 30 2025.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

14-Nov-2025 | Source : BSE

Audio recording of the discussion on the Unaudited Financial Results of the Company for the quarter and half year ended September 30 2025 at the analyst meet held on November 14 2025 is available on the website of the Company.

Announcement under Regulation 30 (LODR)-Newspaper Publication

14-Nov-2025 | Source : BSE

Newspaper Publication for the unaudited financial results for the quarter and half year ended September 30 2025.

Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
34.20%
EBIT Growth (5y)
37.63%
EBIT to Interest (avg)
-4.79
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.53
Sales to Capital Employed (avg)
1.77
Tax Ratio
25.87%
Dividend Payout Ratio
11.03%
Pledged Shares
0
Institutional Holding
15.93%
ROCE (avg)
69.64%
ROE (avg)
23.50%
Valuation key factors
Factor
Value
P/E Ratio
27
Industry P/E
34
Price to Book Value
5.67
EV to EBIT
20.96
EV to EBITDA
20.24
EV to Capital Employed
10.98
EV to Sales
3.10
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
52.38%
ROE (Latest)
20.76%
Technicals key factors
Indicator
Weekly
Monthly
Icon
No records
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 11 Schemes (6.74%)

FIIs

Held by 35 FIIs (6.51%)

Promoter with highest holding

The Johns Loaves Trust (19.31%)

Highest Public shareholder

Sbi Magnum Children's Benefit Fund - Investment Plan (4.18%)

Individual Investors Holdings

3.5%

stock-summaryFinancial
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Quarterly Results Snapshot (Standalone) - Sep'25 - QoQstock-summary
Sep'25
Jun'25
Change(%)
Net Sales
444.81
466.52
-4.65%
Operating Profit (PBDIT) excl Other Income
45.26
61.40
-26.29%
Interest
0.07
0.07
Exceptional Items
0.00
0.00
Standalone Net Profit
39.07
52.88
-26.12%
Operating Profit Margin (Excl OI)
10.18%
13.16%
-2.98%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is -4.65% vs -38.27% in Jun 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is -26.12% vs -41.86% in Jun 2025

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
911.33
769.99
18.36%
Operating Profit (PBDIT) excl Other Income
106.66
119.24
-10.55%
Interest
0.14
1.00
-86.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
91.94
101.02
-8.99%
Operating Profit Margin (Excl OI)
11.70%
15.49%
-3.79%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 18.36% vs 12.43% in Sep 2024

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is -8.99% vs 21.80% in Sep 2024

Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Sep'25
Change(%)
Net Sales
1,318.17
1,129.67
16.69%
Operating Profit (PBDIT) excl Other Income
207.30
144.77
43.19%
Interest
1.56
1.03
51.46%
Exceptional Items
0.00
0.00
Standalone Net Profit
169.15
122.01
38.64%
Operating Profit Margin (Excl OI)
15.73%
12.82%
2.91%
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
2,073.92
1,741.40
19.09%
Operating Profit (PBDIT) excl Other Income
318.14
275.54
15.46%
Interest
-0.87
2.03
-142.86%
Exceptional Items
0.00
0.00
Standalone Net Profit
260.10
225.15
15.52%
Operating Profit Margin (Excl OI)
15.34%
15.82%
-0.48%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 19.09% vs 51.28% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 15.52% vs 65.67% in Mar 2024

stock-summaryCompany CV
About Ajax Engineering Ltd stock-summary
stock-summary
Ajax Engineering Ltd
Small Cap
Automobiles
Ajax Engineering Limited was incorporated as `Ajax Fiori Engineering (India) Private Limited' on July 3, 1992, at Bengaluru, Karnataka, as a Private Limited Company issued by the Registrar of Companies. Pursuant to Scheme of Arrangement, the Company name got changed from `Ajax Fiori Engineering (India) Private Limited' to `Ajax Engineering Private Limited' and a fresh Certificate of Incorporation was issued on March 15, 2019 by the RoC.
Company Coordinates stock-summary
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No Company Details Available