AJAX Engineering Ltd
AJAX Engineering Ltd (AJAXENGG) last reported results for the quarter ended Jun 2026, with sales of ₹475 crore and net profit of ₹56 crore. The stock last traded at ₹589, a market capitalisation of ₹6,738 crore, on a P/E of 29.3. Over the past 52 weeks the stock has ranged between ₹395 and ₹678. Figures are as of 6 Oct 2026 and are not real time.
AJAX Engineering Ltd share price and key metrics
- Current price
- ₹589
- Market cap
- ₹6,738 cr
- Stock P/E
- 29.3
- Book value
- ₹122
- ROE
- 17.8%
- ROCE
- 23.9%
- Dividend yield
- 0.00%
- 52w high / low
- 678/395
Metrics as of 6 Oct 2026. Not real time.
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AJAX Engineering Ltd growth and returns
- 10 Years
- %
- 5 Years
- 23%
- 3 Years
- 22%
- TTM
- 2%
- 10 Years
- %
- 5 Years
- 19%
- 3 Years
- 19%
- TTM
- -6%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -7%
- 10 Years
- %
- 5 Years
- 21%
- 3 Years
- 23%
- Last Year
- 18%
AJAX Engineering Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹475 cr, up 1.7% from ₹467 cr a year earlier. Net profit was ₹56 cr, up 5.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 301 | 548 | 756 | 467 | 445 | 434 | 758 | 475 |
| Expenses | 262 | 460 | 645 | 405 | 400 | 389 | 643 | 415 |
| Operating profit | 39 | 88 | 111 | 61 | 45 | 44 | 115 | 59 |
| OPM % | 13% | 16% | 15% | 13% | 10% | 10% | 15% | 12% |
| Other income | 11 | 7 | 12 | 13 | 10 | 10 | 13 | 18 |
| Interest | 1 | 1 | -2 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Profit before tax | 47 | 92 | 122 | 71 | 53 | 52 | 126 | 74 |
| Tax % | 28% | 26% | 26% | 25% | 26% | 26% | 25% | 25% |
| Net profit | 34 | 68 | 91 | 53 | 39 | 38 | 95 | 56 |
| EPS (₹) | 2.97 | 5.96 | 7.95 | 4.62 | 3.42 | 3.34 | 8.30 | 4.86 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
AJAX Engineering Ltd annual results
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 736 | 742 | 763 | 1,151 | 1,741 | 2,074 | 2,103 | 2,111 |
| Operating profit | 133 | 129 | 91 | 171 | 276 | 318 | 266 | 264 |
| OPM % | 18% | 17% | 12% | 15% | 16% | 15% | 13% | 12% |
| Net profit | 100 | 97 | 66 | 136 | 225 | 260 | 225 | 228 |
| EPS (₹) | — | — | — | — | 19.68 | 22.73 | 19.68 | 19.92 |
TTM is the trailing twelve months to the most recent quarter.
AJAX Engineering Ltd balance sheet
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 11 | 11 | 11 | 11 |
| Reserves | 412 | 509 | 575 | 702 | 907 | 1,146 | 1,381 |
| Borrowings | 15 | 1 | 7 | 12 | 8 | 2 | 2 |
| Other liabilities | 130 | 218 | 150 | 241 | 310 | 324 | 358 |
| Total liabilities | 560 | 731 | 735 | 967 | 1,236 | 1,482 | 1,752 |
| Fixed assets | 0 | 112 | 157 | 167 | 167 | 176 | 182 |
| CWIP | 1 | 1 | 7 | 6 | 17 | 21 | 35 |
| Investments | 201 | 81 | 296 | 495 | 625 | 656 | 952 |
| Other assets | 358 | 537 | 274 | 299 | 426 | 630 | 583 |
| Total assets | 560 | 731 | 735 | 967 | 1,236 | 1,482 | 1,752 |
As reported by the company. Total assets equal total liabilities by construction.
AJAX Engineering Ltd cash flow
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 131 | 72 | 85 | 185 | 207 | 43 | 377 |
| Cash from investing | -109 | -7 | -129 | -193 | -116 | -35 | -257 |
| Cash from financing | -14 | 0 | -0 | -0 | -25 | -26 | -0 |
| Net cash flow | 8 | 65 | -44 | -9 | 66 | -17 | 120 |
| Free cash flow | 117 | 36 | 71 | 168 | 185 | 20 | 350 |
| CFO / operating profit | 120% | 73% | 121% | 136% | 102% | 41% | 171% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
AJAX Engineering Ltd operating ratios
| Per year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 27% | 17% | 28% | 37% | 34% | 24% |
| Debtor days | 28 | 29 | 26 | 24 | 18 | 29 | 31 |
| Inventory days | 108 | 186 | 115 | 76 | 65 | 62 | 38 |
| Days payable | 62 | 101 | 39 | 71 | 60 | 54 | 57 |
| Cash conversion cycle | 74 | 115 | 102 | 29 | 24 | 37 | 12 |
| Working capital days | 38 | 56 | 44 | 10 | 6 | 40 | 8 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
AJAX Engineering Ltd shareholding pattern
Promoters held 80.00% at Jun 2026, broadly unchanged since Jun 2025. FIIs 4.67% and DIIs 11.17%.
| % held | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% |
| FIIs | 5.95% | 6.47% | 6.51% | 6.15% | 5.65% | 4.67% |
| DIIs | 7.92% | 8.94% | 9.42% | 9.71% | 10.15% | 11.17% |
| Public | 6.14% | 4.58% | 4.08% | 4.14% | 4.20% | 4.17% |
| No. of shareholders | 1,52,056 | 94,515 | 77,176 | 72,724 | 72,001 | 69,540 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
AJAX Engineering Ltd corporate filings
- Ajax Engineering Limited announces successful conclusion of 34th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Ajax Engineering Limited has successfully concluded its 34th Annual General Meeting held…
Read the full analysis - Ajax Engineering Limited concludes 34th Annual General Meeting; re-appoints Executive ChairmanAGM/EGMlow impact
Cruxal's analysis: Ajax Engineering Limited has successfully concluded its 34th Annual General Meeting held…
Read the full analysis - Intimation of closure of trading window under SEBI (PIT) Regulations, 2015, from October 01, 2026 till 48 hours after the announcement of unaudited financial results of the Company for ....Insider Trading / SASTlow impact
- AJAX Engineering Ltd schedules group investor meeting for September 29, 2026Company Updatelow impact
Cruxal's analysis: AJAX Engineering Ltd has announced that company executives will participate in a group…
Read the full analysis - Ajax Engineering Limited Appoints Industry Veteran Shishir Joshipura as Independent DirectorOthersmedium impact
Cruxal's analysis: Ajax Engineering Limited has announced the appointment of Mr. Shishir Joshipura as an…
Read the full analysis - Ajax Engineering Limited announces resignation of CFO Ketan PendseCompany Updatemedium impact
Cruxal's analysis: Ajax Engineering Limited has formally announced the resignation of its Chief Financial…
Read the full analysis - AJAX Engineering Ltd announces Thirty-Fourth Annual General Meeting and E-voting detailsCompany Updatelow impact
Cruxal's analysis: AJAX Engineering Ltd has published a newspaper advertisement regarding its Thirty-Fourth…
Read the full analysis - AJAX Engineering Ltd issues notice for 34th Annual General Meeting and FY 2025-26 Annual ReportCompany Updatelow impact
Cruxal's analysis: AJAX Engineering Ltd has released the formal notice and weblink for its 34th Annual…
Read the full analysis - Ajax Engineering Limited Announces 34th Annual General Meeting Scheduled for September 28, 2026Company Updatelow impact
Cruxal's analysis: Ajax Engineering Limited has formally notified the stock exchanges regarding its 34th…
Read the full analysis - AJAX Engineering Ltd announces allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: AJAX Engineering Ltd has completed the allotment of equity shares following the exercise…
Read the full analysis - Ajax Engineering Q1 FY27 Results: Revenue Growth Muted at 1.7% Amidst Industry Headwinds and Margin CompressionCompany Updatemedium impact
Cruxal's analysis: Ajax Engineering Limited reported Q1 FY27 revenue of 475 crore, a marginal 1.7% YoY…
Read the full analysis - Ajax Engineering Limited announces successful appointment of Non-Executive Nominee Director via postal ballotAGM/EGMlow impact
Cruxal's analysis: Ajax Engineering Limited has successfully concluded its postal ballot process, with…
Read the full analysis - Ajax Engineering Limited reports unaudited financial results for the quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Ajax Engineering Limited has released its unaudited financial results for the quarter…
Read the full analysis - Ajax Engineering Limited uploads audio recording of analyst/investor conference callCompany Updatelow impact
Cruxal's analysis: Ajax Engineering Limited has formally disclosed the availability of the audio recording…
Read the full analysis - AJAX Engineering reports resilient Q1FY27 performance with increased retail market share in SLCM segmentCompany Updatemedium impact
Cruxal's analysis: AJAX Engineering announced its Q1FY27 performance, highlighting operational resilience…
Read the full analysis - Ajax Engineering Q1 FY27 Results: Revenue Grows 1.7% YoY to 474.6 crore, Profit Rises 5.2% to 55.6 croreCompany Updatemedium impact
Cruxal's analysis: Ajax Engineering Limited reported Q1 FY27 revenue of 474.6 crore, a marginal 1.7% YoY…
Read the full analysis - Ajax Engineering Limited Reports Q1 FY27 Financial Results with Revenue of 474.59 crore and PAT of 55.60 croreBoard Meetingmedium impact
Cruxal's analysis: Ajax Engineering Limited reported Q1 FY27 revenue from operations of 474.59 crore…
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