AJAX ENGINEERING LIMITED
Latest filings
- Routine Filing: RTA Certificate Under SEBI Depositories Regulation for Q2 FY27 · Compliance
- AGM voting results: All 3 resolutions passed with over 99% approval · Board & Shareholder Meetings
- Ajax Engineering 34th AGM concludes, 3 resolutions passed · Board & Shareholder Meetings
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures self-loading concrete mixers (SLCM), concrete pumps, batching plants and a smaller entry-level product line called Udaan. The SLCM business drives the bulk of revenue — ₹1,758 crores in FY26 — and competes in a market where the company held 73.5% share in FY26, recovering from a ~70% trough in Q1 after a CEV4-to-CEV5 emission norm transition; share rose to 76% in April 2026 after a 2% price hike taken in Q4 FY26. Non-SLCM revenue (pumps, batching plants) grew about 7% in FY26, and the Udaan line shipped 202 units in FY26 with management targeting 2-3x growth in FY27. Raw materials account for 69.1% of revenue, reflecting the steel and component inputs needed to build construction equipment. EBITDA margin compressed to 12.6% in FY26 from 15.3% in FY25 on CEV5 transition costs, though Q4 FY26 recovered to 15.1%; medium-term margin band guided at 13-15%. Demand is exposed to India's infrastructure capex cycle, with the company flagging government capex underutilization of 55% till December 2025 and state-level contractor payment delays as near-term headwinds. Exports are being targeted for 20-25% growth in FY27.
Scorecard
Measured from the filed financials, judged against its Agricultural Commercial & Construction Vehicles peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
AJAXENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from AJAX ENGINEERING LIMITED's filed financials and exchange disclosures
What does AJAX ENGINEERING LIMITED do?
AJAX ENGINEERING LIMITED is a Agricultural Commercial & Construction Vehicles company listed on NSE and BSE, trading under the symbol AJAXENGG.
Is AJAX ENGINEERING LIMITED profitable?
Yes. Over the trailing twelve months AJAX ENGINEERING LIMITED reported a net profit of ₹228 Cr on revenue of ₹2,111 Cr.
Does AJAX ENGINEERING LIMITED pay a dividend?
Not in the latest reported year — AJAX ENGINEERING LIMITED's dividend payout for FY26 was nil.
Is AJAX ENGINEERING LIMITED debt-free?
Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹166 Cr of cash.
Is AJAX ENGINEERING LIMITED expensive compared with its peers?
On trailing P/E, AJAX ENGINEERING LIMITED ranks 6 of 11 in Agricultural Commercial & Construction Vehicles — cheaper than 50% of them, against an industry median of 27.4×. This is a position, not a valuation judgement.
How much does the AJAX ENGINEERING LIMITED share price move in a day?
On a typical session AJAX ENGINEERING LIMITED moves 1.18% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
Where can I track AJAX ENGINEERING LIMITED's announcements?
Every NSE and BSE filing by AJAX ENGINEERING LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.