About
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 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.
Key Metrics
as of Sep 2026Market Cap6,664 Cr
P/E29.00
Div Yield0.00 %
Book Value₹122.00
52w High₹699.00
52w Low₹395.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 475.00 | 758.00 | 434.00 | 445.00 | 467.00 | 756.00 | 548.00 | 301.00 | 469.00 | 657.00 | 399.00 |
| Expenses | 415.00 | 643.00 | 389.00 | 400.00 | 405.00 | 645.00 | 460.00 | 262.00 | 389.00 | 548.00 | 333.00 |
| Operating Profit | 59.00 | 115.00 | 44.00 | 45.00 | 61.00 | 111.00 | 88.00 | 39.00 | 80.00 | 109.00 | 67.00 |
| OPM % | 12.00 | 15.00 | 10.00 | 10.00 | 13.00 | 15.00 | 16.00 | 13.00 | 17.00 | 17.00 | 17.00 |
| Other Income | 18.00 | 13.00 | 10.00 | 10.00 | 13.00 | 12.00 | 7.00 | 11.00 | 13.00 | 13.00 | 9.00 |
| Depreciation | 3.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| Profit before tax | 74.00 | 126.00 | 52.00 | 53.00 | 71.00 | 122.00 | 92.00 | 47.00 | 90.00 | 119.00 | 72.00 |
| Tax % | 25.00 | 25.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 28.00 | 25.00 | 26.00 | 26.00 |
| Net Profit | 56.00 | 95.00 | 38.00 | 39.00 | 53.00 | 91.00 | 68.00 | 34.00 | 67.00 | 88.00 | 54.00 |
| EPS in Rs | 4.86 | 8.30 | 3.34 | 3.42 | 4.62 | 7.95 | 5.96 | 2.97 | 5.86 | 7.72 | 4.71 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 2,103.00 | 2,074.00 | 1,741.00 | 1,151.00 | 763.00 | 742.00 | 736.00 |
| Expenses | 1,837.00 | 1,756.00 | 1,465.00 | 980.00 | 673.00 | 613.00 | 603.00 |
| Operating Profit | 266.00 | 318.00 | 276.00 | 171.00 | 91.00 | 129.00 | 133.00 |
| OPM % | 13.00 | 15.00 | 16.00 | 15.00 | 12.00 | 17.00 | 18.00 |
| Other Income | 46.00 | 43.00 | 38.00 | 21.00 | 8.00 | 9.00 | 7.00 |
| Interest | 0.00 | -1.00 | 2.00 | 1.00 | 0.00 | 1.00 | 1.00 |
| Depreciation | 10.00 | 11.00 | 10.00 | 9.00 | 8.00 | 8.00 | 8.00 |
| Profit before tax | 301.00 | 351.00 | 302.00 | 183.00 | 90.00 | 129.00 | 131.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 26.00 | 27.00 | 25.00 | 24.00 |
| Net Profit | 225.00 | 260.00 | 225.00 | 136.00 | 66.00 | 97.00 | 100.00 |
| EPS in Rs | 19.68 | 22.73 | 19.68 | — | — | — | — |
| Dividend Payout % | 0.00 | 0.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.00 | 11.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 1,381.00 | 1,146.00 | 907.00 | 702.00 | 575.00 | 509.00 | 412.00 |
| Borrowings | 2.00 | 2.00 | 8.00 | 12.00 | 7.00 | 1.00 | 15.00 |
| Other Liabilities | 358.00 | 324.00 | 310.00 | 241.00 | 150.00 | 218.00 | 130.00 |
| Total Liabilities | 1,752.00 | 1,482.00 | 1,236.00 | 967.00 | 735.00 | 731.00 | 560.00 |
| Fixed Assets | 182.00 | 176.00 | 167.00 | 167.00 | 157.00 | 112.00 | 0.00 |
| CWIP | 35.00 | 21.00 | 17.00 | 6.00 | 7.00 | 1.00 | 1.00 |
| Investments | 952.00 | 656.00 | 625.00 | 495.00 | 296.00 | 81.00 | 201.00 |
| Other Assets | 583.00 | 630.00 | 426.00 | 299.00 | 274.00 | 537.00 | 358.00 |
| Total Assets | 1,752.00 | 1,482.00 | 1,236.00 | 967.00 | 735.00 | 731.00 | 560.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 377.00 | 43.00 | 207.00 | 185.00 | 85.00 | 72.00 | 131.00 |
| Cash from Investing Activity | -257.00 | -35.00 | -116.00 | -193.00 | -129.00 | -7.00 | -109.00 |
| Cash from Financing Activity | 0.00 | -26.00 | -25.00 | 0.00 | 0.00 | 0.00 | -14.00 |
| Net Cash Flow | 120.00 | -17.00 | 66.00 | -9.00 | -44.00 | 65.00 | 8.00 |
| Free Cash Flow | 350.00 | 20.00 | 185.00 | 168.00 | 71.00 | 36.00 | 117.00 |
| CFO/OP % | 171.00 | 41.00 | 102.00 | 136.00 | 121.00 | 73.00 | 120.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 31.00 | 29.00 | 18.00 | 24.00 | 26.00 | 29.00 | 28.00 |
| Inventory Days | 38.00 | 62.00 | 65.00 | 76.00 | 115.00 | 186.00 | 108.00 |
| Days Payable | 57.00 | 54.00 | 60.00 | 71.00 | 39.00 | 101.00 | 62.00 |
| Cash Conversion Cycle | 12.00 | 37.00 | 24.00 | 29.00 | 102.00 | 115.00 | 74.00 |
| Working Capital Days | 161.00 | 40.00 | 6.00 | 10.00 | 44.00 | 56.00 | 38.00 |
| ROCE % | 24.00 | 34.00 | 37.00 | 28.00 | 17.00 | 27.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
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Credit Ratings
-
Rating update10 Oct 2025 from icra