Ajax Engineering Ltd
Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain.[1]
- Market Cap ₹ 6,900 Cr.
- Current Price ₹ 603
- High / Low ₹ 629 / 565
- Stock P/E 30.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.9 %
- ROE 27.7 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Part of BSE IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 736 | 742 | 763 | 1,151 | 1,741 | |
| 603 | 615 | 673 | 980 | 1,465 | |
| Operating Profit | 133 | 127 | 91 | 171 | 276 |
| OPM % | 18% | 17% | 12% | 15% | 16% |
| 7 | 13 | 8 | 21 | 38 | |
| Interest | 1 | 1 | 0 | 1 | 2 |
| Depreciation | 8 | 8 | 8 | 9 | 10 |
| Profit before tax | 131 | 131 | 90 | 183 | 302 |
| Tax % | 24% | 26% | 27% | 26% | 25% |
| 100 | 97 | 66 | 136 | 225 | |
| EPS in Rs | 19.68 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 11 | 11 | 11 |
| Reserves | 412 | 509 | 575 | 702 | 907 | 984 |
| 15 | 1 | 7 | 12 | 8 | 2 | |
| 130 | 223 | 150 | 241 | 310 | 351 | |
| Total Liabilities | 560 | 736 | 735 | 967 | 1,236 | 1,349 |
| 0 | 0 | 157 | 167 | 167 | 166 | |
| CWIP | 1 | 0 | 7 | 6 | 17 | 30 |
| Investments | 201 | 81 | 296 | 495 | 625 | 375 |
| 358 | 655 | 274 | 299 | 426 | 778 | |
| Total Assets | 560 | 736 | 735 | 967 | 1,236 | 1,349 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 131 | 72 | 85 | 185 | 207 | |
| -109 | -7 | -129 | -193 | -116 | |
| -14 | -15 | -0 | -0 | -25 | |
| Net Cash Flow | 8 | 50 | -44 | -9 | 66 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 28 | 32 | 26 | 24 | 18 |
| Inventory Days | 108 | 152 | 115 | 76 | 65 |
| Days Payable | 62 | 83 | 39 | 71 | 60 |
| Cash Conversion Cycle | 74 | 102 | 102 | 29 | 24 |
| Working Capital Days | 38 | 57 | 47 | 13 | 8 |
| ROCE % | 28% | 17% | 28% | 37% |
Documents
Announcements
-
Intimation Of Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements Regulations), 2015
17 Feb - Authorization of key managerial personnel for disclosures.
- Closure of Trading Window 17 Feb
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
17 Feb - Code of Practices for Fair Disclosure submitted.
-
Appointment Of Registrar And Share Transfer Agent
17 Feb - Appointment of Registrar & Share Transfer Agent.
-
Appointment of Company Secretary and Compliance Officer
17 Feb - Appointment of Compliance Officer Ms. Shruti Shetty.
Leading Concrete Equipment Manufacturer[1]
The company offers a comprehensive range of concrete equipment, services, and solutions across the concrete application value chain. With over 110 equipment variants, it has sold 27,800+ units in India over the last 10 years.