Ajax Engineering Limited share price
NSE: AJAXENGG · ISIN INE274Y01021
Key numbers
- Market cap
- ₹ 6,953 Cr
- Current price
- ₹ 607.75
- 52-week high / low
- ₹ 698 / 395
- Stock P/E
- 30.7
- Book value
- ₹ 121.7
- Dividend yield
- 0.00%
- ROCE
- 23.6%
- ROE
- 17.7%
- Debt to equity
- 0.00
- Sales growth (3 yrs)
- 22.2%
- Profit growth (3 yrs)
- 18.3%
- 1-year return
- -7.4%
About Ajax Engineering Limited
Ajax Engineering Limited manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally. The company also offers transit mixers, stationary concrete pumps, boom pumps, self-propelled boom pumps, 3D concrete printers, and concrete slip-form pavers, as well as dumpers, planetary mixers, and twin shaft mixers. It serves roadways, waterways, irrigation, renewable energy, railways, residential/commercial, airports, and urban infrastructure sectors. Ajax Engineering Limited was incorporated in 1992 and is headquartered in Bengaluru, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 467 | 445 | 434 | 758 | 475 |
| Operating profit | 61 | 45 | 45 | 115 | 59 |
| Net profit | 53 | 39 | 38 | 95 | 56 |
| EPS (₹) | 4.62 | 3.41 | 3.34 | 8.30 | 4.86 |
Concall summary (2026-08-13)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Our SLCM and retail market share expanded to 75.1% during Q1 FY27, increasing from about 69% in Q1 FY26 and 73.5% during the full year FY26.
- Coming to the financial performance for Q1 FY27, total revenue for the quarter stood at INR475 crores, registering a growth at 1.7% over Q1 FY26.
Growth & demand
- Our balance sheet continues to be a key source of strength with cash balance exceeding INR1,100 crores as of June 2026, providing us with ample flexibility to pursue future growth opportunities, including inorganic opportunities.
- MP also, there is a significant decline in terms of the volumes, it's close to about 50% decline in terms of volumes but again our market share has improved.
Margins & costs
- Following the price increases of about 2% that we took in Q4 FY26, we are also evaluating another price hike which will be implemented in a calibrated manner, with the timing and quantum to be determined based on the prevailing market environment.
- EBITDA for Q1 FY27 stood at INR59 crores compared to INR61 cr ores in Q1 FY26.
Capex & expansion
- We continue to invest in design and engineering, building a robust supply chain, operating a lean and agile manufacturing footprint and maintaining a disciplined approach to cash flows and working capital management.
- The head of our Obadenahalli plant now oversees procurement and supply chain, while services and the spares functions have been aligned with strategy and product planning to further strengthen customer excellence.
Balance sheet & cash
- Contractors continue to experience delays in payments from some of the specific state governments, leading to cash flow constraints that dampen sentiments and reduce their appetite to place new orders and undertake fresh investments in equipment.
- AJAX Engineering Limited August 06, 2026 We continue to place a strong emphasis on cash flow generation and disciplined working capital management.
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