Why is Ajax Engineering Ltd ?
1
High Management Efficiency with a high ROE of 19.41%
2
The company is Net-Debt Free
3
Poor long term growth as Operating profit has grown by an annual rate 16.35% of over the last 5 years
4
The company has declared positive results in Mar'2026 after 3 consecutive negative quarters
- NET SALES(Q) Highest at Rs 757.66 cr
- PBDIT(Q) Highest at Rs 114.65 cr.
- OPERATING PROFIT TO NET SALES(Q) Highest at 15.13%
5
With ROE of 16.3, it has a Fair valuation with a 4.7 Price to Book Value
- Over the past year, while the stock has generated a return of -14.24%, its profits have fallen by -13%
6
Majority shareholders : Promoters
7
Underperformed the market in the last 1 year
- Even though the market (BSE500) generated negative returns of -0.71% in the last 1 year, its fall in the stock was much higher with a return of -14.24%
How much should you hold?
- Overall Portfolio exposure to Ajax Engineering should be less than 10%
- Overall Portfolio exposure to Automobiles should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Ajax Engineering for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Ajax Engineering
-14.6%
-0.39
35.94%
Sensex
-7.62%
-0.57
12.97%
Quality key factors
Factor
Value
Sales Growth (5y)
22.20%
EBIT Growth (5y)
16.35%
EBIT to Interest (avg)
-25.89
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.75
Sales to Capital Employed (avg)
1.71
Tax Ratio
25.26%
Dividend Payout Ratio
11.03%
Pledged Shares
0
Institutional Holding
15.81%
ROCE (avg)
70.84%
ROE (avg)
19.41%
Valuation Key Factors 
Factor
Value
P/E Ratio
28
Industry P/E
35
Price to Book Value
4.65
EV to EBIT
21.24
EV to EBITDA
20.41
EV to Capital Employed
15.81
EV to Sales
2.58
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
74.43%
ROE (Latest)
16.34%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Mildly Bullish
Technical Movement
12What is working for the Company
NET SALES(Q)
Highest at Rs 757.66 cr
PBDIT(Q)
Highest at Rs 114.65 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 15.13%
PBT LESS OI(Q)
Highest at Rs 112.74 cr.
PAT(Q)
Highest at Rs 94.96 cr.
EPS(Q)
Highest at Rs 8.30
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Loading Valuation Snapshot...
Here's what is working for Ajax Engineering
Net Sales - Quarterly
At Rs 757.66 cr has Grown at 44.3% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 525.16 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 112.74 cr has Grown at 78.3% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 63.22 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 94.96 cr has Grown at 70.0% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 55.86 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 757.66 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 114.65 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 15.13%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 112.74 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 94.96 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 8.30
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)






