Ajax Engineering Ltd Stock Price Today (NSE: AJAXENGG)
Fundamental Score
Ajax Engineering Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Ajax Engineering Ltd share price today is ₹518.35, up +4.19% on NSE/BSE as of 21 April 2026. Ajax Engineering Ltd (AJAXENGG) is a Mid-cap company in the Construction Vehicles sector with a market capitalisation of ₹7.15K (Cr). The 52-week high for AJAXENGG share price is ₹756.20 and the 52-week low is ₹394.80. At a P/E ratio of 28.47x, AJAXENGG is currently trading below its industry average P/E of 35.74x. The company has a Return on Equity (ROE) of 25.07% and a debt-to-equity ratio of 0.00.
Ajax Engineering Ltd Share Price Chart — NSE/BSE Historical Performance
Institutional Deep-Dive
Bull Run Research Hub
Financial Analysis of Ajax Engineering Share Price: A Risk Management Perspective
The construction vehicle industry, a key indicator of infrastructure development, is currently experiencing a surge in demand driven by government initiatives and private sector investments. This analysis focuses on the financial stability of Ajax Engineering Ltd, with specific attention to the current Ajax Engineering share price of ₹501.95. This evaluation is part of a broader, 80-parameter fundamental audit verified by Sweta Mishra, ensuring a comprehensive risk management perspective.
Currently, Ajax Engineering trades at a Price-to-Earnings (PE) ratio of 28.47. While this is a valuable metric, comparing it to its sector peers provides a more nuanced understanding. While comparable companies like Action Construction Equipment Ltd and Til Ltd operate in a similar space, their financial performance and market valuation may differ significantly. One notable comparison point is with
Brady & Morris Engineering Co Ltd. Observational data suggests varying levels of management efficiency between Ajax Engineering and Brady & Morris Engineering Co Ltd, which may contribute to differing operational outcomes and investor perceptions. Management quality directly impacts the effectiveness of capital allocation and strategic decision-making, influencing long-term growth potential.A standout metric for Ajax Engineering is its Return on Capital Employed (ROCE) of 33.58%. This indicates a high level of profitability relative to the capital invested in the business. A strong ROCE, such as this, can contribute to a wider economic moat. It allows the company to reinvest earnings at higher rates of return, attracting further investment, and potentially creating barriers to entry for competitors. A sustained high ROCE suggests efficient capital management and a strong competitive advantage within the construction equipment sector. However, it's crucial to evaluate the sustainability of this ROCE in the long term, considering factors such as competitive intensity and technological advancements.
In conclusion, while the current Ajax Engineering share price reflects a positive market sentiment, a comprehensive understanding of its financial health necessitates a thorough review of its performance relative to its peers, especially regarding management effectiveness and the sustainability of its high ROCE. Further in-depth analysis, including cash flow statements, balance sheet strength, and macroeconomic factors, is recommended to gain a more complete risk management profile.
Ajax Engineering Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹425.05 | ₹442.90 | ₹416.60 | ₹438.00 | 3.42L (Cr) | |
| ₹418.00 | ₹433.95 | ₹414.15 | ₹431.55 | 34.82K (Cr) | |
| ₹420.30 | ₹420.35 | ₹394.80 | ₹404.10 | 1.63L (Cr) | |
| ₹469.25 | ₹469.45 | ₹421.15 | ₹426.05 | 3.07L (Cr) | |
| ₹462.10 | ₹476.00 | ₹462.10 | ₹474.95 | 18.66K (Cr) | |
| ₹461.80 | ₹469.65 | ₹450.00 | ₹463.05 | 68.83K (Cr) | |
| ₹476.00 | ₹476.00 | ₹450.00 | ₹454.20 | 55.16K (Cr) | |
| ₹485.55 | ₹501.95 | ₹470.00 | ₹471.00 | 58.12K (Cr) | |
| ₹485.95 | ₹490.00 | ₹471.45 | ₹483.10 | 67.93K (Cr) | |
| ₹494.95 | ₹499.80 | ₹487.35 | ₹490.95 | 70.18K (Cr) |
Ajax Engineering Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹418.00 | ₹442.90 | ₹414.15 | ₹438.00 | +4.78% | |
| ₹470.75 | ₹520.35 | ₹394.80 | ₹404.10 | -14.16% | |
| ₹526.60 | ₹545.00 | ₹465.00 | ₹485.00 | -7.90% | |
| ₹595.05 | ₹610.00 | ₹473.25 | ₹518.70 | -12.83% | |
| ₹629.95 | ₹640.00 | ₹569.95 | ₹593.80 | -5.74% | |
| ₹608.00 | ₹678.00 | ₹557.55 | ₹620.80 | +2.11% | |
| ₹653.00 | ₹660.00 | ₹604.25 | ₹613.50 | -6.05% | |
| ₹724.45 | ₹728.50 | ₹638.90 | ₹653.05 | -9.86% | |
| ₹701.00 | ₹730.10 | ₹610.00 | ₹719.30 | +2.61% | |
| ₹631.10 | ₹719.00 | ₹620.05 | ₹695.75 | +10.24% | |
| ₹659.85 | ₹660.90 | ₹582.00 | ₹631.10 | -4.36% | |
| ₹653.40 | ₹756.20 | ₹624.45 | ₹652.90 | -0.08% |
AI Research Briefing
Powered by Gemini · 2026-04-17
High-growth Indian infra play facing margin pressure and liquidity risk.
⚡WHAT'S HAPPENING NOW:
Ajax Engineering received a SEBI compliance certificate for Q4 FY26. An independent director resigned. The stock surged 7.2% on April 15, 2026, outperforming the sector, but this appears to be a bounce within a downtrend.
�� CORE STORY:
Ajax Engineering is a play on the mechanization of concrete mixing in India, driven by infrastructure spending and a shift towards modern equipment. The market is focused on their ability to maintain growth and margins amidst changing emission norms and cyclical industry headwinds.
- Short-term bounce after recent weakness
- Long-term growth potential in mechanized concrete equipment
- Government infrastructure push
- Stronger-than-expected earnings
- Major order wins
- Successful expansion into new markets
- Mid-cap liquidity risk
- Cyclical industry downturn
- High valuation
FII holdings slightly increased (Δ 0.04%), DII holdings also increased (Δ 0.48%) [cite: brief].
Indian construction equipment market is projected to reach $7.8 billion by 2024, with a CAGR of 8.16% from 2024 to 2033.
Yes - Free Cash Flow 5Y: ₹480.14 Cr [cite: brief]
Expect near-term volatility due to cyclical factors. Long-term growth dependent on infrastructure spending and successful execution of expansion strategies.
Primary Thesis Risk
Cyclical downturn and margin compression could derail growth story.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Ajax Engineering Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Shareholding Pattern
Promoter
FII
DII
Pledged
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Ajax Engineering Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of AJAXENGG across key market metrics for learning purposes.
Positive Indicators
11 factors identified
Strong Return on Equity (25.07%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (33.58%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (15.22%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Attractive Valuation (P/E: 28.47 vs Industry: 35.74)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Strong Revenue Growth (47.79%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (23.02% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Strong Profit Growth Track Record (21.15% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (193.98x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹480.14 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
1 factors identified
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Peer Comparison - Construction Vehicles
Compare Ajax Engineering Ltd with 4 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Ajax Engineering LtdAjax Engineerin...Selected✓ AJAXENGG • 544356 | 62.90000000000001/100 | ₹518.35₹518 | ₹7145.87₹7145.87 | 28.47Average 28.5 Average | 25.07%Excellent 25.07% Excellent | 33.58%Excellent 33.58% Excellent | 0.00Excellent 0.0 Excellent | 21.15%Excellent 21.15% Excellent | 23.02%Excellent 23.02% Excellent | 0.00% |
BEML LtdBEML Ltd... BEML • 500048 | 46/100 | ₹1770.80₹1771 | ₹15133.65₹15133.65 | 51.15Average 51.1 Average | 10.46%Average 10.46% Average | 0.00%Poor 0.00% Poor | 0.24Excellent 0.2 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
62.5/100 | ₹921.75₹922 | ₹11676.74₹11676.74 | 27.93Average 27.9 Average | 28.65%Excellent 28.65% Excellent | 0.00%Poor 0.00% Poor | 0.08Excellent 0.1 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% | |
Til LtdTil Ltd... TIL • 505196 | 20.9/100 | ₹200.90₹201 | ₹1899.70₹1899.70 | 0.00Average 0.0 Average | 0.91%Poor 0.91% Poor | 0.00%Poor 0.00% Poor | 3.79Poor 3.8 Poor | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Brady & Morris Engineering Co LtdBrady & Morris ... BRADYM • 505690 | 53.6/100 | ₹827.35₹827 | ₹206.40₹206.40 | 43.00Average 43.0 Average | 23.36%Excellent 23.36% Excellent | 0.00%Poor 0.00% Poor | 0.12Excellent 0.1 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Ajax Engineering Ltd Financial Statements
Comprehensive financial data for Ajax Engineering Ltd including income statement, balance sheet and cash flow
About AJAXENGG (Ajax Engineering Ltd)
Ajax Engineering Ltd is a dynamic force in the construction vehicle industry, renowned for its comprehensive suite of concrete solutions that cater to a diverse range of project ne...eds. Their offerings extend beyond the conventional, encompassing a spectrum of equipment designed to streamline concrete production and placement. From robust self-loading concrete mixers that empower on-site autonomy to high-precision concrete batching plants for large-scale projects and versatile concrete pumps for efficient delivery, Ajax Engineering ensures contractors have the tools necessary for success. Their commitment to innovation is evident in their continuous expansion into cutting-edge technologies like 3D concrete printers, pushing the boundaries of what's possible in modern construction. The company's product portfolio is meticulously crafted to address the multifaceted demands of the infrastructure landscape. Recognizing the crucial role of effective material handling, Ajax Engineering also provides a wide range of support vehicles and equipment. These include dependable transit mixers for preserving concrete integrity during transportation, stationary and boom pumps tailored for both horizontal and vertical applications, and specialized machinery such as slip-form pavers for precise roadway construction. Furthermore, their selection of dumpers, planetary mixers, and twin-shaft mixers offer essential support in material handling and mixing processes, rounding out a holistic solution for construction sites of all sizes. Ajax Engineering's influence permeates various sectors, underpinning the development of vital infrastructure projects. Whether facilitating the construction of sprawling roadways, intricate waterway systems, essential irrigation networks, sustainable renewable energy facilities, modern railway lines, expansive residential and commercial developments, bustling airports, or innovative urban infrastructure, their equipment plays a pivotal role. Their global reach demonstrates their dedication to meeting the evolving needs of the construction industry worldwide, solidifying their position as a trusted partner for contractors and developers aiming to build a better future.
Company Details
Key Leadership
AJAXENGG Share Price: Frequently Asked Questions
What is the current share price of Ajax Engineering Ltd?
As of 21 Apr 2026, 05:38 am IST, Ajax Engineering Ltd share price is ₹518.35. The Ajax Engineering Ltd stock has a market capitalisation of ₹7.15K (Cr) on NSE/BSE.
Is Ajax Engineering Ltd share price Overvalued or Undervalued?
Ajax Engineering Ltd share price is currently trading at a P/E ratio of 28.47x, compared to the industry average of 35.74x. Based on this relative valuation, the Ajax Engineering Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of Ajax Engineering Ltd share price?
The 52-week high of Ajax Engineering Ltd share price is ₹756.20 and the 52-week low is ₹394.80. These values are updated daily from NSE/BSE price data.
What factors affect the Ajax Engineering Ltd share price?
Key factors influencing Ajax Engineering Ltd share price include quarterly earnings growth (Sales Growth: 47.79%), raw material costs, government spending, and institutional flows (FII/DII holding).
Is Ajax Engineering Ltd a good stock for long-term investment?
Ajax Engineering Ltd shows a 5-year Profit Growth of 21.15% and an ROE of 25.07%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in Ajax Engineering Ltd shares.
How does Ajax Engineering Ltd compare with its industry peers?
Ajax Engineering Ltd competes with major peers in the Construction Vehicles. Investors should compare Ajax Engineering Ltd share price P/E of 28.47x and ROE of 25.07% against the industry averages to determine competitive standing.
What is the P/E ratio of Ajax Engineering Ltd and what does it mean?
Ajax Engineering Ltd share price has a P/E ratio of 28.47x compared to the industry average of 35.74x. Investors pay ₹28 for every ₹1 of annual earnings.
How is Ajax Engineering Ltd performing according to Bull Run's analysis?
Ajax Engineering Ltd has a Bull Run fundamental score of 62.90000000000001/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does Ajax Engineering Ltd belong to?
Ajax Engineering Ltd operates in the Construction Vehicles industry. This classification helps understand the competitive landscape and sector-specific trends affecting Ajax Engineering Ltd share price.
What is Return on Equity (ROE) and why is it important for AJAXENGG?
AJAXENGG has an ROE of 25.07%, which indicates excellent management efficiency. ROE measures how efficiently Ajax Engineering Ltd generates profits from shareholders capital.
How is AJAXENGG debt-to-equity ratio and what does it indicate?
AJAXENGG has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.
What is AJAXENGG dividend yield and is it a good dividend stock?
AJAXENGG offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Ajax Engineering Ltd shares.
How has AJAXENGG share price grown over the past 5 years?
AJAXENGG has achieved 5-year growth rates of: Sales Growth 23.02%, Profit Growth 21.15%, and EPS Growth N/A%.
What is the promoter holding in AJAXENGG and why does it matter?
Promoters hold 80.00% of AJAXENGG shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Ajax Engineering Ltd.
What is AJAXENGG market capitalisation category?
AJAXENGG has a market capitalisation of ₹7146 crores, placing it in the Mid-cap category.
How volatile is AJAXENGG stock?
AJAXENGG has a beta of N/A. A beta > 1 suggests the Ajax Engineering Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is AJAXENGG operating profit margin trend?
AJAXENGG has a 5-year average Operating Profit Margin (OPM) of 15.22%, indicating the company's operational efficiency.
How is AJAXENGG quarterly performance?
Recent quarterly performance shows Ajax Engineering Ltd YoY Sales Growth of 47.79% and YoY Profit Growth of 14.81%.
What is the institutional holding pattern in AJAXENGG?
AJAXENGG has FII holding of 6.51% and DII holding of 9.42%. Significant institutional holding often suggests professional confidence in the Ajax Engineering Ltd stock.