profit from every ₹100 of sales.

AJAX Engineering
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
You pay ₹28.66 for every ₹1 of profit it makes in a year.
It holds more cash than debt.
Money in, money out
What AJAX Engineering sold, what it kept, and what it did with the cash.
Sales went from ₹11.5 billion in 2023 to ₹21.0 billion in 2026, with ₹2.25 billion of profit last year.
AJAX Engineering vs. similar companies
AJAX Engineering grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
AJAX Engineering | 28.7× · Fair price | ||
Caterpillar | 31.2× · Expensive | ||
Deere & | 36.4× · Expensive | ||
Paccar | 23.6× · Fair price | ||
Komatsu | 13.0× · Cheap |
AI analysis
An AI analyst reads AJAX Engineering's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 11,498 | 17,396 | 20,739 | 21,025 | |
| 3,131 | 4,495 | 5,622 | 5,315 | |
| 1,623 | 2,660 | 3,072 | 2,554 | |
| 1,922 | 3,142 | 3,181 | 3,119 | |
| 1,359 | 2,251 | 2,601 | 2,251 | |
| 11.88 | 19.58 | 22.61 | – | |
| 27.2% | 25.8% | 27.1% | 25.3% | |
| 14.1% | 15.3% | 14.8% | 12.1% | |
| 11.8% | 12.9% | 12.5% | 10.7% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 9,667 | 12,361 | 14,825 | 17,517 |
| Cash | 71 | 696 | 459 | 1,659 |
| Total debt | 116 | 82 | 18 | 18 |
| Total liabilities | 2,529 | 3,182 | 3,253 | 3,595 |
| 7,138 | 9,180 | 11,571 | 13,922 | |
| 114 | 115 | 115 | – | |
| 19.0% | 24.6% | 19.9% | 16.2% | |
| 19.0% | 24.5% | 22.5% | 16.2% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 1,847 | 2,075 | 427 | 3,773 | |
| 172 | 233 | 235 | 277 | |
| 1,675 | 1,842 | 193 | 3,496 | |
| Dividends paid | – | 248 | 248 | – |
| – | – | – | – | |
| 0 | 37 | 43 | 95 |
Valuation
- 28.7×
- –
- –
- 4.5×
- 3.1×
- 18.5×
- 20.2×
- 5.4%
- 3.5%
- –
Profitability
- 25.3%
- 12.1%
- 10.7%
- –
- 16.2%
- 19.9%
- –
- –
- –
- –
Growth
- +22.3%
- –
- –
- –
- +0.2%
Financial health
- -0.5×
- 0.00
- –
- 1,092.4×
- 4.19
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about AJAX Engineering
Is AJAX Engineering a good stock to buy?
A solid business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the AJAX Engineering AI analysis
What does AJAX Engineering do?
Ajax Engineering Limited manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally. It is in Farm & Heavy Construction Machinery, based in Bengaluru, India.
Is AJAX Engineering stock halal?
Yes. AJAX Engineering passes our halal screen: its business is permitted and its debt is under 0.1% of its market value, under the 30% limit. How we check
How has AJAX Engineering stock done over the past year?
Down 7.3% over the past twelve months, to ₹564.00. It traded between ₹404.10 and ₹615.20 and is 8.3% below its high.
Who are AJAX Engineering's competitors?
The largest listed companies in the same industry are Caterpillar, Deere &, Paccar and Komatsu. The peers table on this page compares their profit, growth and price with AJAX Engineering's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.



