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NIFTY 5024,980.40+0.35%
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AJAX ENGINEERING LIMITED

AJAX ENGINEERING LIMITED

NSE: AJAXENGG
Farm & Heavy Construction MachineryIndustrialsSMALL CAPMCap ₹6.40k Cr
₹559.70₹-4.90 (-0.87%)

Market Closed • NSE

Market cap₹6.40k Cr
Enterprise value₹5.41k Cr
P/E TTM28.28
Forward P/E19.07
P/B4.60
EPS TTM₹19.79
Forward EPS₹29.35
D/E0.13
Dividend yield0.00%
52W high₹678.00
52W low₹394.80
Price chart(1Y)
1Y Return:+2.08% (+₹11.40)
H: ₹625.05L: ₹512.05
1W-1.51%
1M-1.22%
3M-4.94%
6M+6.55%
1Y-10.88%
Today at a glance

Day range

₹555.00₹568.75

52 week range

₹394.80₹678.00
Volume46.4K0.30x 20D avg
Free float50.00%-69.80% volume

AJAX ENGINEERING LIMITED closed at INR559.70 (-0.87%) on volume 0.3x its 20-day average, trading 17.45% below its 52-week high.

Technical analysis
RSI (14)40.0Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹17.48High
SMA 20₹576.59BEARISH
SMA 50₹575.67BEARISH
SMA 100₹572.03BEARISH
SMA 200₹543.17BULLISH
CPR bottom₹568.47
Pivot₹567.18
CPR top₹565.89
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -41.4% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹845.3 Cr₹6.40k Cr13.20%≤ 33%PASS
Non-halal income ratio–₹2.10k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹6.40k Cr—≥ 20%PASS
Receivables ratio–₹6.40k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E28.2828.10
Forward P/E19.07—
P/B4.603.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield3.503.60
Growth & profitability
RevenuePAT
FY25PAT margin 12.50%
FY26PAT margin 10.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.50%
Revenue CAGR 5Y+0.30%
PAT CAGR 3Y-4.70%
PAT CAGR 5Y-2.80%
Operating margin11.87%
Net margin10.80%
Financial health & cash flow
Net debt₹845.3 CrModerate
Interest coverage—xEBIT / interest
CFO / PAT1.68x3Y average
Net debt / EBITDA—Leverage
Operating cash flow–
Capital expenditure–
Free cash flow–
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall63/100
Valuation60/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.13x

High Cash Flow Conversion: CFO/PAT averaged 1.68x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Farm & Heavy Construction Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · September 2025

Ownership distribution

Sept 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Jun 2025Sept 2025
15.84%Institutional holding
4.17%Public holding
2Periods available
0.00%Promoter pledged
69.54KShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)49.04%+8.02% latest vs average
Highest delivery71.34%on 18 Sept
Average volume (20D)153.8KTrading-session average
Conviction trendStrengthening+8.02% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About AJAX ENGINEERING LIMITED
AJAX ENGINEERING LIMITED

Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain.[1]

IndiaIndustrials

Questions investors ask
Is AJAX ENGINEERING LIMITED Shariah compliant?

AJAX ENGINEERING LIMITED is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (13.2%) complies with AAOIFI threshold (≤ 33%).

What is AJAX ENGINEERING LIMITED's current valuation relative to peers?

AJAX ENGINEERING LIMITED trades at a P/E of 28.3x compared to the sector median of 28.1x, and a Price-to-Book of 4.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.13x. Interest coverage is comfortable.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 0.3% while net profit growth averaged -2.8%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.