Ajax Engineering Limited (NSE:AJAXENGG)

India · Delayed Price · Currency is INR

586.00

-1.00 (-0.17%)

Oct 1, 2026, 3:29 PM IST

Market Cap	67.09B -10.2%
Revenue (ttm)	21.11B +1.9%
Net Income	2.28B -7.4%
EPS	19.79 -7.4%
Shares Out	114.41M
PE Ratio	29.63
Forward PE	24.08
Dividend	n/a
Ex-Dividend Date	n/a

Volume	76,579
Open	587.00
Previous Close	587.00
Day's Range	576.70 - 600.45
52-Week Range	394.80 - 678.00
Beta	n/a
Analysts	Strong Buy
Price Target	707.50 (+20.73%)
Est. Earnings	Nov 13, 2026

About Ajax Engineering

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 concrete 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 incorpora... [Read more]

Industry Farm & Heavy Construction Machinery

Sector Industrials

Founded 1992

Employees 458

Stock Exchange National Stock Exchange of India

Ticker Symbol AJAXENGG

Full Company Profile

Financial Performance

In fiscal year 2026, Ajax Engineering's revenue was 21.03 billion, an increase of 1.38% compared to the previous year's 20.74 billion. Earnings were 2.25 billion, a decrease of -13.44%.

Financial Statements

Analyst Summary

According to 4 analysts, the average rating for AJAXENGG stock is "Strong Buy." The 12-month stock price target is ₹707.50, which is an increase of 20.73% from the latest price.

Price Target

₹707.50

(20.73% upside)

Analyst Consensus: Strong Buy

Stock Forecasts

News

Ajax Engineering Transcript: Transcript

Revenue grew 19% year-on-year in FY 2025, with strong SLCM and non-SLCM performance, robust export and spares growth, and a 75.1% SLCM market share. Despite short-term headwinds from emission norm changes and project delays, long-term growth and profitability outlook remains strong.

4 weeks ago - Transcripts

Ajax Engineering Transcript: Transcript

Revenue and volumes were flat year-over-year in Q1 FY 2026, with gross margin and EBITDA margin declining due to higher costs and product mix. CEV-V machines now dominate sales, and market share is expected to normalize as the year progresses. Cash position remains strong and growth outlook is positive.

5 weeks ago - Transcripts

Ajax Engineering Transcript: Transcript

Q2 FY 2026 saw 48% revenue growth year-over-year, driven by SLCM segment strength and a large contract, but margins declined due to higher costs and aggressive pricing. Market share rebounded to 71% YTD, and full-year EBITDA margin is expected to fall by 150-200 bps.

5 weeks ago - Transcripts

Ajax Engineering Transcript: Transcript

Revenue grew 2% year-over-year for nine months FY26, but Q3 saw a decline due to a high base and muted demand in key states. Margins were impacted by higher costs and product mix, though non-SLCM and spares segments showed growth. Strong cash position and government infrastructure push support a positive outlook for FY27.

5 weeks ago - Transcripts

Ajax Engineering Annual report

Ajax Engineering has published an annual report on August 19, 2026.

6 weeks ago - Filings