AJAXENGG
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Recent events
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News
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Ajax Engineering Ltd Dec-Quarter Profit 382.4 Million Rupees
Feb 12 (Reuters) - AJAX Engineering Ltd AJAX.NS:
AJAX ENGINEERING LTD - DEC-QUARTER PROFIT 382.4 MILLION RUPEES
AJAX ENGINEERING LTD - DEC-QUARTER REVENUE FROM OPERATIONS 4.34 BILLION RUPEES
Source text: ID:nBSE4KXrm9
Further company coverage: AJAX.NS
(([email protected];))
Feb 12 (Reuters) - AJAX Engineering Ltd AJAX.NS:
AJAX ENGINEERING LTD - DEC-QUARTER PROFIT 382.4 MILLION RUPEES
AJAX ENGINEERING LTD - DEC-QUARTER REVENUE FROM OPERATIONS 4.34 BILLION RUPEES
Source text: ID:nBSE4KXrm9
Further company coverage: AJAX.NS
(([email protected];))
Ajax Engineering Names Ganesh B J As Interim Chief Financial Officer
Dec 31 (Reuters) - AJAX Engineering Ltd AJAX.NS:
APPOINTMENT OF GANESH B J AS INTERIM CHIEF FINANCIAL OFFICER
Source text: ID:nnAZN4RP89P
Further company coverage: AJAX.NS
(([email protected];))
Dec 31 (Reuters) - AJAX Engineering Ltd AJAX.NS:
APPOINTMENT OF GANESH B J AS INTERIM CHIEF FINANCIAL OFFICER
Source text: ID:nnAZN4RP89P
Further company coverage: AJAX.NS
(([email protected];))
Ajax Engineering Says CFO Tuhin Basu Resigns
Sept 24 (Reuters) - AJAX Engineering Ltd AJAX.NS:
AJAX ENGINEERING LTD - CFO TUHIN BASU RESIGNS
Source text: ID:nBSE8Gs0n7
Further company coverage: AJAX.NS
(([email protected];))
Sept 24 (Reuters) - AJAX Engineering Ltd AJAX.NS:
AJAX ENGINEERING LTD - CFO TUHIN BASU RESIGNS
Source text: ID:nBSE8Gs0n7
Further company coverage: AJAX.NS
(([email protected];))
India's Ajax Engineering drops in trading debut
** Shares of construction equipment maker Ajax Engineering AJAX.NS slide as much as 10% in trading debut
** Stock trims some losses to trade 6.5% lower than IPO price of 629 rupees
** Stock had opened at 576 rupees, about 8.4% lower than IPO price
** Benchmark Nifty 50 .NSEI down 0.57%
** AJAX IPO consists of 20.18 mln shares under offer for sale from existing shareholders, including private-equity firm Kedaara Capital
** The public offering did not include fresh issue of shares
** Co raised 57.37 bln rupees ($661.4 mln) in IPO, which was subscribed 6.5 times by close of bids on Feb. 12
** Anchor investors bought shares worth 3.79 bln rupees ahead of bidding day on Feb. 7
** At current levels, AJAX is valued at $771.16 mln
($1 = 86.7400 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of construction equipment maker Ajax Engineering AJAX.NS slide as much as 10% in trading debut
** Stock trims some losses to trade 6.5% lower than IPO price of 629 rupees
** Stock had opened at 576 rupees, about 8.4% lower than IPO price
** Benchmark Nifty 50 .NSEI down 0.57%
** AJAX IPO consists of 20.18 mln shares under offer for sale from existing shareholders, including private-equity firm Kedaara Capital
** The public offering did not include fresh issue of shares
** Co raised 57.37 bln rupees ($661.4 mln) in IPO, which was subscribed 6.5 times by close of bids on Feb. 12
** Anchor investors bought shares worth 3.79 bln rupees ahead of bidding day on Feb. 7
** At current levels, AJAX is valued at $771.16 mln
($1 = 86.7400 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Events:
Lockin Period Expiry (Non-Promoter)
Lockin Period Expiry (Anchor)
Lockin Period Expiry (Anchor)
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Popular questions
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What does Ajax Engineering do?
Ajax Engineering is a leading concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain. It has developed a product portfolio that includes equipment such as self-loading concrete mixers and batching plants for the production of concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and 3D concrete printers for depositing concrete.
Who are the competitors of Ajax Engineering?
Ajax Engineering major competitors are Action Const. Equip, Escorts Kubota, BEML. Market Cap of Ajax Engineering is ₹5,807 Crs. While the median market cap of its peers are ₹14,493 Crs.
Is Ajax Engineering financially stable compared to its competitors?
Ajax Engineering seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Ajax Engineering pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Ajax Engineering latest dividend payout ratio is 22.06% and 3yr average dividend payout ratio is 22.06%
How has Ajax Engineering allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Ajax Engineering balance sheet?
Balance sheet of Ajax Engineering is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Ajax Engineering improving?
The profit is oscillating. The profit of Ajax Engineering is ₹251 Crs for TTM, ₹260 Crs for Mar 2025 and ₹225 Crs for Mar 2024.
Is the debt of Ajax Engineering increasing or decreasing?
Yes, The net debt of Ajax Engineering is increasing. Latest net debt of Ajax Engineering is -₹37.07 Crs as of Sep-25. This is greater than Mar-25 when it was -₹134.96 Crs.
Is Ajax Engineering stock expensive?
Ajax Engineering is not expensive. Latest PE of Ajax Engineering is 22.64, while 3 year average PE is 29.1. Also latest EV/EBITDA of Ajax Engineering is 18.48 while 3yr average is 22.64.
Has the share price of Ajax Engineering grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Ajax Engineering?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Ajax Engineering is 80.0% and last quarter promoter holding is 80.0%.
Are mutual funds buying/selling Ajax Engineering?
The mutual fund holding of Ajax Engineering is decreasing. The current mutual fund holding in Ajax Engineering is 6.46% while previous quarter holding is 6.74%.
