Ajax Engineering Limited
NSE: AJAXENGG · Construction Vehicles · sector
₹529.00NSE close 2026-10-26
Key numbers
Market cap₹6,052 cr
Price₹529.00
52w high / low₹678 / ₹395
P/E26.6xSector median 26.6x
P/B4.3xSector median 4.8x
Book value₹121.7
Dividend yield–Sector median 0.39%
ROE17.9%Sector median 7.1%
ROCE21.9%Sector median 10.6%
OPM12.3%Sector median 10.0%
Debt / equity0.00xSector median 0.10x
EV/EBITDA19.2xSector median 21.7x
Interest cover743.9x
Current ratio4.19x
Sales growth 3y–Sector median +10.8%
Profit growth 3y–Sector median +3.3%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 6 companies in Construction Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,051 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 743.9x in the last 12 months.
- Other income was 24% of net profit in the last 12 months.
- No dividend in the last 2 financial years.
- Price ₹529.00 on 2026-10-26: -22.0% from the 52-week high, +34.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹730.90 · low ₹431.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 548 | 756 | 467 | 445 | 434 | 758 | 475 |
| EBITDA | 88 | 111 | 61 | 45 | 41 | 115 | 59 |
| OPM % | 16.1% | 14.7% | 13.2% | 10.2% | 9.5% | 15.1% | 12.5% |
| Other income | 7 | 12 | 13 | 10 | 13 | 13 | 18 |
| Net profit | 68 | 91 | 53 | 39 | 38 | 95 | 56 |
| EPS (₹) | 5.95 | 7.95 | 4.62 | 3.41 | 3.34 | 8.30 | 4.86 |
| Revenue YoY | -20.9% | +0.3% | +1.7% | ||||
| Profit YoY | -43.9% | +4.4% | +5.1% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 2,074 | 2,103 | 2,111 |
| EBITDA | 318 | 263 | 260 |
| Net profit | 260 | 225 | 228 |
| EPS (₹) | 22.73 | 19.68 | 19.91 |
| Revenue growth | +1.4% | – | |
| Profit growth | -13.4% | – | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | -11.1% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 1,157 | 1,392 |
| Borrowings | 0 | 0 |
| Cash & equivalents | 695 | 1,051 |
| Total assets | 1,482 | 1,752 |
| Fixed assets | 126 | 132 |
| Capital work in progress | 21 | 35 |
| Investments | 29 | 70 |
| Receivables | 165 | 179 |
| Inventory | 258 | 165 |
| Payables | 223 | 245 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 43 | 377 |
| Cash from investing | -35 | -257 |
| Cash from financing | -26 | -0 |
| Capex | 23 | 28 |
| Free cash flow | 19 | 350 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 22.5% | 16.2% |
| ROCE % | 30.2% | 21.7% |
| Debtor days | 29 | 31 |
| Inventory days | 62 | 38 |
| Payable days | 54 | 57 |
| Cash conversion cycle (days) | 37 | 12 |
| Working capital days | 162 | 190 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 80.00% |
| FIIs | 4.07% |
| DIIs | 11.20% |
| of which Mutual funds | 7.41% |
| Public (non-institutions) | 4.74% |
| Quarter | Feb 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% |
| Promoter group | % |
|---|---|
| Jacob Jiten John (The Johns Loaves Trust) | 19.31% |
| Kalyani Vijay (Ohana Trust) | 18.00% |
| Krishnaswamy Vijay (Green Haven Trust) | 17.99% |
| Jacob Jiten John (Jacob Hansen Family Trust) | 10.23% |
| Kalyani Vijay | 4.98% |
| Krishnaswamy Vijay | 4.50% |
| Susie John | 4.37% |
| Jacob Jiten John | 0.62% |
| Prashanth Vijay | 0.00% |
| Sean Alexander | 0.00% |
| Savitha Christeena Alexander | 0.00% |
| K Raghunathan | 0.00% |
| Chitra Seshadri | 0.00% |
| Shanta Gopalakrishnan | 0.00% |
| Sally Alexander | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sbi Children's Fund - Investment Plan | 4.35% |
| Pi Opportunities Aif V Llp | 2.93% |
| Whiteoak Capital Flexi Cap Fund | 1.83% |
| Franklin India Small Cap Fund | 1.23% |
| Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund | 1.07% |
68,075 shareholders. Pledged: – of promoter shares.
Peers in Construction Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BEML | ₹15,363 cr | 86.1x | 5.2x | 2.8% | 8.8% | 7.7% | +3.7% | 0.58% |
| ACE | ₹12,045 cr | 27.6x | 6.0x | 24.1% | 30.1% | 15.5% | +14.9% | 0.20% |
| AJAXENGG | ₹6,052 cr | 26.6x | 4.3x | 17.9% | 21.9% | 12.3% | – | – |
| TIL | ₹1,559 cr | – | 14.0x | -31.8% | 2.2% | 3.2% | +94.7% | – |
| INDOFARM | ₹557 cr | 22.3x | 1.0x | 4.6% | 7.4% | 13.1% | – | – |
| BRADYM | ₹119 cr | 24.6x | 2.2x | 9.6% | 12.3% | 7.5% | +6.6% | – |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Construction Vehicles |
| Sub-industry | Construction Vehicles |
| Symbol | AJAXENGG |
| BSE code | 544356 |
| ISIN | INE274Y01021 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.