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Ajax Engineering (AJAXENGG)₹555.40−1.17%Construction Vehicles
In the Jun 2026 quarter (standalone), Ajax Engineering reported sales of ₹474 Cr, up 1.8% from Jun 2025, and net profit of ₹56.03 Cr, up 5.6% year on year. For the year to Mar 2026, sales were ₹2,098 Cr and net profit ₹225 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 398 | 655 | 468 | 300 | 546 | 754 | 466 | 444 | 433 | 756 | 474 |
| Expenses | 333 | 549 | 389 | 262 | 460 | 646 | 406 | 401 | 390 | 644 | 415 |
| Operating Profit | 67.23 | 109 | 80.23 | 39.12 | 88.21 | 111 | 61.18 | 45.09 | 44.13 | 115 | 59.12 |
| OPM % | 17.0% | 17.0% | 17.0% | 13.0% | 16.0% | 15.0% | 13.0% | 10.0% | 10.0% | 15.0% | 12.0% |
| Other Income | 9.03 | 13.06 | 13.04 | 11.04 | 7.03 | 12.05 | 13.05 | 10.04 | 10.03 | 13.05 | 18.08 |
| Interest | 0.00 | 0.99 | 0.00 | 0.99 | 0.99 | −1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 2.99 |
| Profit before tax | 72.04 | 119 | 90.04 | 46.99 | 92.08 | 122 | 71.07 | 53.05 | 52.03 | 126 | 74.04 |
| Tax % | 26.0% | 26.0% | 25.0% | 27.9% | 26.0% | 25.9% | 24.9% | 26.0% | 25.9% | 25.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −2.01 | 0.00 | 0.00 |
| Net Profit | 54.02 | 88.14 | 67.04 | 34.03 | 68.05 | 91.11 | 53.06 | 39.02 | 38.04 | 95.11 | 56.03 |
| EPS (Rs) | 4.72 | 7.74 | 5.88 | 2.98 | 5.97 | 7.97 | 4.64 | 3.43 | 3.35 | 8.32 | 4.87 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 734 | 740 | 761 | 1,148 | 1,735 | 2,070 | 2,098 | 2,107 |
| Expenses | 604 | 614 | 674 | 982 | 1,467 | 1,759 | 1,838 | 1,849 |
| Operating Profit | 133 | 129 | 91.32 | 172 | 277 | 319 | 267 | 264 |
| OPM % | 18.0% | 17.1% | 12.0% | 15.0% | 16.0% | 15.0% | 13.0% | 12.5% |
| Other Income | 7.03 | 9.03 | 8.03 | 21.08 | 38.17 | 43.19 | 46.18 | 51.20 |
| Interest | 0.99 | 0.99 | 0.00 | 0.99 | 1.99 | −0.99 | 0.00 | 0.00 |
| Depreciation | 7.99 | 7.99 | 7.98 | 8.98 | 9.98 | 10.98 | 9.98 | 10.96 |
| Profit before tax | 131 | 129 | 90.06 | 183 | 302 | 351 | 301 | 305 |
| Tax % | 23.9% | 24.9% | 27.0% | 26.0% | 25.0% | 25.9% | 25.0% | — |
| Exceptional items | 0.00 | 2.01 | 0.00 | 0.00 | −1.01 | 0.00 | −2.01 | −2.01 |
| Net Profit | 100 | 97.03 | 66.10 | 136 | 225 | 260 | 225 | 228 |
| EPS (Rs) | — | — | — | — | 19.73 | 22.80 | 19.73 | 19.97 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 11.1% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.01 | 3.00 | 11.03 | 11.03 | 11.03 | 11.03 |
| Reserves | 413 | 509 | 576 | 703 | 908 | 1,148 | 1,383 |
| Borrowings | 15.03 | 1.00 | 7.00 | 12.01 | 8.01 | 2.00 | 2.00 |
| Other Liabilities | 131 | 219 | 151 | 242 | 311 | 326 | 360 |
| Total Liabilities | 561 | 732 | 737 | 969 | 1,239 | 1,486 | 1,756 |
| Fixed Assets | 0.00 | 112 | 157 | 167 | 167 | 176 | 182 |
| CWIP | 0.99 | 0.99 | 6.98 | 5.99 | 16.94 | 20.95 | 34.90 |
| Investments | 201 | 81.18 | 297 | 496 | 627 | 658 | 955 |
| Other Assets | 359 | 538 | 275 | 300 | 427 | 632 | 585 |
| Inventories | 144 | 255 | 173 | 174 | 228 | 259 | 166 |
| Trade receivables | 55.95 | 60.01 | 55.01 | 74.96 | 87.96 | 165 | 179 |
| Cash & equivalents | 2.99 | 153 | 22.98 | 8.99 | 70.89 | 66.90 | 169 |
| Total Assets | 561 | 732 | 737 | 969 | 1,239 | 1,486 | 1,756 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 131 | 71.82 | 84.77 | 185 | 207 | 42.89 | 376 |
| Cash from investing activity | −109 | −6.97 | −129 | −192 | −116 | −34.84 | −256 |
| Cash from financing activity | −14.01 | 0.00 | 0.00 | 0.00 | −25.03 | −26.02 | 0.00 |
| Net cash flow | 7.98 | 64.81 | −43.91 | −8.97 | 65.81 | −16.96 | 120 |
| Capex | 13.99 | 35.94 | 14.98 | 16.98 | 22.96 | 22.96 | 27.95 |
| Free cash flow | 117 | 35.97 | 70.91 | 168 | 185 | 19.97 | 350 |
| CFO / OP % | 120.0% | 73.0% | 121.0% | 136.0% | 102.0% | 41.0% | 171.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 29 | 30 | 27 | 25 | 19 | 30 | 32 |
| Inventory days | 109 | 187 | 116 | 77 | 66 | 63 | 39 |
| Days payable | 62 | 101 | 39 | 71 | 60 | 54 | 57 |
| Cash conversion cycle | 74 | 115 | 102 | 29 | 24 | 37 | 12 |
| Working capital days | 37 | 55 | 43 | 9 | 5 | 39 | 160 |
| ROCE % | — | 27.0% | 17.0% | 28.0% | 37.0% | 34.0% | 24.0% |
For the Jun 2026 quarter, Ajax Engineering reported sales of ₹474 Cr, up 1.8% year on year and net profit of ₹56.03 Cr, up 5.6% year on year. The operating margin was 12.0%.
Ajax Engineering's sales for the year to Mar 2026 were ₹2,098 Cr; over the last twelve months they were ₹2,107 Cr.
Net profit for the year to Mar 2026 was ₹225 Cr, and ₹228 Cr over the last twelve months. Earnings per share over the same trailing period were ₹19.97.
Ajax Engineering reported borrowings of ₹2 Cr at Mar 2026, against cash and equivalents of ₹169 Cr.
Cash from operations was ₹376 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹350 Cr.