Ajax Engineering

Bengaluru, India Founded: 1992 • Age: 34 yrs Listed
Concreting equipment and machinery are manufactured and supplied by AJAX.
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About Ajax Engineering

Ajax Engineering is a publicly listed company based in Bengaluru (India) founded in 1992. Concreting equipment and machinery are manufactured and supplied by AJAX. The company has 1,260 employees. Its chief executive, as recorded, is Shubhabrata Saha. Its website ajax-engg.com draws about 24 thousand monthly visits. Its Indian entity Ajax Engineering Limited reported revenue of ₹2,152 Cr. Its focus areas include Real Estate and Construction, Construction Equipment and Machinery, Construction Equipments and Concete Mixer and Pumps.

Company details

AJAX was founded in 1992 and is headquartered in Bengaluru, India. Operations focus on the manufacturing and supply of concreting equipment and machinery within the construction sector. Equipment is produced for various applications in building and infrastructure projects. Distribution occurs primarily in India, with key leadership provided by directors in management and marketing roles. The company maintains a presence in engineering solutions for concrete handling.

  • Headquarters Bengaluru, India
  • Employees 1,260
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website ajax-engg.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Ajax Engineering Ltd.
Operational Areas
Industrial Goods & Manufacturing → Construction Equipment and Machinery
Key Metrics
  • Market Cap
    ₹6,354 Cr

    AJAXENGG · NSE

  • Share Price
    ₹555.40

    -1.17% today

  • Revenue
    ₹2,103 Cr

    FY 2025-26 · +1.4% YoY

  • EBITDA
    ₹263 Cr

    Margin 12.5%

  • Net Profit
    ₹227 Cr

    FY 2025-26 · -12.6% YoY

  • P/E (TTM)
    26.6x

    P/B 4.3x

  • ROE
    17.7%

    ROCE 23.6%

  • Employee Count
    1,260

Apps and channels of Ajax Engineering

its YouTube channel Ajax Engineering has 23.6K subscribers and 30 videos.

Ajax Engineering
YouTube 23.6K subscribers 30 videos Science & Technology
Open channel

Videos from Ajax Engineering

The most watched videos on Ajax Engineering's YouTube channel, Ajax Engineering (23.6K subscribers). Click a video to play it here.

AJAX in Action: Delivering Concrete Day & Night with Arun Constructions
83.6K views
Asia's biggest SLCM customer of AJAX | Customer Testimonial | AJAX Engineering
45.1K views
The Power of One Machine: A Village Transformed by AJAX
43.5K views
Operator Testimonial | AJAX Engineering
39.8K views

More on Ajax Engineering.

Board of directors of Ajax Engineering Limited (Ajax Engineering)

Ajax Engineering Limited is the primary company behind Ajax Engineering. The boards of the 2 registered companies of Ajax Engineering currently have 7 directors; the longest-serving is Krishnaswamy Vijay, appointed in 1992. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Krishnaswamy Vijay
DIN 00642715
Whole-time director03 Jul 199234 yrs 4 moAjax Engineering Limited, Ajax Engineering Private Limited
Jacob Jiten John
DIN 03636873
Director01 Apr 201115 yrs 7 moAjax Engineering Private Limited
Shubhabrata Saha
DIN 03036747
Managing Director02 Jan 20233 yrs 10 moAjax Engineering Limited
Doddaballapur Prasanna Achutarao
DIN 00253371
Director06 Jul 20233 yrs 4 moAjax Engineering Limited
Jayashree Satagopan
DIN 06922300
Director09 Aug 20242 yrs 3 moAjax Engineering Limited
Sachin Rajkumar Nandgaonkar
DIN 03410739
Nominee Director18 May 20265 moAjax Engineering Limited
Shishir Joshipura
DIN 00574970
Additional Director17 Sep 20261 moAjax Engineering Limited

People of Ajax Engineering

25 people are tracked at Ajax Engineering (9 in leadership, 16 in team); the tracked headcount is 1,260.

NameRoleGroup
Vijay K
Managing DirectorLeadership
Shubhabrata Saha
CEO & Managing DirectorLeadership
Jagadish Bhat
Director MarketingLeadership
Anshul Joshi
Chief Of Planning & Strategy (cso)Leadership
Joseph Peeris
Chief People Officer & Corporate AffairsLeadership
Tuhin B.
Advisor To Chief Executive OfficerLeadership
Vikramjit Singh Setia
Head Dealer DevelopmentLeadership
Debdut Bagchi
Regional Head - Sales & Marketing And Product Support - East & North EastLeadership
Suneel Patil
Deputy General Manager R&dLeadership
Lokesha Loki
Senior SAP Pp/qm Consultant AT AJAX Engineering PVT LTDTeam
Tarun Agarwal
Sales & Marketing LeaderTeam
Sanjay Chakraborty
Regional In ChargeTeam
Santosh Singh
Regional Manager - B2b - EastTeam
Puneet Kumar
Assistant ManagerTeam
Manjunath D Jaggal
Senior Manager Product EngineeringTeam
Mohit Mahajan
Zonal ManagerTeam
Prabhu V
Operations ManagerTeam
Prashant Naganeshwar
Green Field Project Engineer/process Improvement EngineerTeam
Pankaj Shirsat
Spare Parts Manager - Key AccountsTeam
Vinod Kumar
Senior System AdministratorTeam

5 more people are available in the full profile.

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Complete people profiles for Ajax Engineering

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IPO & Listings of Ajax Engineering

Ajax Engineering is a publicly listed company on the NSE with ticker symbol AJAXENGG in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date17 Feb 2025
  • Listed onNSE: AJAXENGG · BSE: 544356
  • Listed entityAjax Engineering Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE274Y01021
  • Share price₹567.70 (-0.93% on the day) · 2026-10-14
  • Market capitalisation₹6,566 Cr
  • Price to earnings28.7
  • EPS (diluted, trailing year)₹19.79
  • Volume (last session)22,235

Financials of Ajax Engineering

Exchange-reported figures of Ajax Engineering Limited, the listed company behind Ajax Engineering (NSE: AJAXENGG).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2,103 Cr
+1.4% YoY
EBITDA
₹263 Cr
-17.4% YoY
Profit After Tax
₹227 Cr
-12.6% YoY
Net Worth
₹1,392 Cr
+20.3% YoY
Total Assets
₹1,394 Cr
+20.2% YoY
Total Debt
₹1.83 Cr
+3.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1032,0741,7411,151763742736
Revenue growth+1.4%+19.1%+51.3%+50.8%+2.9%+0.8%-
EBITDA26331827617190.48129133
EBITDA margin+12.5%+15.3%+15.8%+14.8%+11.9%+17.4%+18.1%
Profit before tax30135130218390.42129131
Net profit22726022613666.2795.6599.68
Net profit margin+10.8%+12.5%+13.0%+11.8%+8.7%+12.9%+13.5%
EPS (₹)19.5622.7319.681,187.872,314.973,405.313,490.56
Balance sheet
Total assets1,3941,160927729588515430
Net worth1,3921,157918714578512414
Total debt1.831.778.2411.577.160.8115.26
Cash & bank16967.4871.259.0522.651533.00
Net working capital21429610749.3312126980.49
Cash flow
Cash from operations37742.7220718584.7271.54131
Cash from investing(257)(34.66)(116)(193)(129)(6.54)(109)
Cash from financing(0.36)(25.51)(25.46)(0.34)(0.40)0.39(13.85)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue487475758434445467756548
Revenue growth (YoY)+9.5%+1.7%+0.3%-20.9%+47.8%-0.5%--
Other income19.8218.2013.2213.2610.0912.6011.736.90
Total expenses436415643392400405645460
EBITDA51.4659.1411541.4045.2661.3911188.06
EBITDA margin+10.6%+12.5%+15.1%+9.5%+10.2%+13.2%+14.7%+16.1%
Depreciation3.022.831.882.862.662.982.822.83
Interest0.040.200.050.090.070.07(2.43)0.56
Profit before tax68.2274.3112651.7152.6270.9412291.57
Tax17.3118.7031.0013.4713.5518.0731.2323.45

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue487475758434445467756548
Revenue growth (YoY)+9.5%+1.7%+0.3%-20.9%+47.8%-0.5%--
Other income19.8218.2013.2213.2610.0912.6011.736.90
Total expenses436415643392400405645460
EBITDA51.4659.1411541.4045.2661.3911188.06
EBITDA margin+10.6%+12.5%+15.1%+9.5%+10.2%+13.2%+14.7%+16.1%
Depreciation3.022.831.882.862.662.982.822.83
Interest0.040.200.050.090.070.07(2.43)0.56
Profit before tax68.2274.3112651.7152.6270.9412291.57
Tax17.3118.7031.0013.4713.5518.0731.2323.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1032,0741,7411,151763742736
Revenue growth+1.4%+19.1%+51.3%+50.8%+2.9%+0.8%-
Other income49.1842.8138.6721.448.569.347.06
Total expenses1,8401,7561,466980673613603
Employee cost0.0011087.1172.3166.8861.0655.87
EBITDA26331827617190.48129133
EBITDA margin+12.5%+15.3%+15.8%+14.8%+11.9%+17.4%+18.1%
Depreciation10.3710.9310.278.568.207.967.97
Interest0.28(0.87)2.030.680.420.890.63
Profit before tax30135130218390.42129131
Tax76.0890.7976.7747.0524.2231.9631.58
Net profit22726022613666.2795.6599.68
Net profit margin+10.8%+12.5%+13.0%+11.8%+8.7%+12.9%+13.5%
EPS (₹)19.5622.7319.681,187.872,314.973,405.313,490.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.4411.4411.4411.442.862.862.86
Reserves & surplus1,3811,146907702575509412
Shareholders' funds (net worth)1,3921,157918714578512414
Secured loans0.000.006.2310.147.160.1615.14
Unsecured loans1.831.772.011.430.000.650.12
Total debt1.831.778.2411.577.160.8115.26
Total liabilities1,3941,160927729588515430
Assets
Gross block241226208205188135151
Net block182176167167157112135
Capital work in progress34.9820.6417.356.117.290.790.99
Investments95265662549529680.80201
Inventories165258227173172254143
Sundry debtors17916588.2275.0354.7459.9356.43
Cash & bank balances16967.4871.259.0522.651533.00
Loans & advances44.6812021.4625.9614.7815.396.37
Total current assets558609408283265483208
Total current liabilities343313300234144214128
Net working capital21429610749.3312126980.49
Total assets1,3941,160927729588515430
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45.9563.39(3.04)5.7850.00(14.75)(7.40)
Net cash from operating activities37742.7220718584.7271.54131
Net cash from investing activities(257)(34.66)(116)(193)(129)(6.54)(109)
Net cash from financing activities(0.36)(25.51)(25.46)(0.34)(0.40)0.39(13.85)
Net change in cash120(17.45)66.44(8.82)(44.22)65.407.65
Closing cash16967.4871.259.0522.651533.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.4%+19.1%+51.3%+50.8%+2.9%+0.8%-
EBITDA growth-17.4%+15.5%+61.4%+88.7%-29.8%-3.1%-
PBT growth-14.2%+16.2%+65.0%+102.3%-30.1%-1.6%+9997.0%
Net income growth-12.6%+15.2%+66.0%+105.2%-30.7%-4.0%-
Revenue CAGR (3Y)+22.2%+39.5%+32.9%+16.1%---
EBITDA CAGR (3Y)+15.4%+52.1%+28.8%+8.7%---
Profitability & leverage
Net income margin+10.7%+12.5%+12.9%+11.8%+8.7%+13.1%+13.6%
Return on capital employed+23.6%+33.6%+36.7%+27.9%+16.5%+27.6%+30.7%
Return on net worth+17.7%+25.1%+27.6%+21.0%+12.2%+21.0%+24.1%
Debt / equity0.000.000.010.010.010.020.04
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.11-0.280.770.420.510.740.50
Efficiency & per share
Fixed asset turnover9.019.568.445.864.725.174.87
Inventory turnover9.958.568.716.673.583.745.16
Debtors turnover12.2416.4021.3317.7413.3112.7513.04
EPS (₹)19.6822.7319.681,187.872,314.973,405.313,490.56
Dividend per share (₹)0.000.002.170.000.000.000.00
Book value per share (₹)121.69101.1480.236,238.9720,219.3717,898.5314,491.26

Web traffic of Ajax Engineering

The website of Ajax Engineering (ajax-engg.com) receives about 23.9K visits a month.

  • Monthly visits
    23.9K

    ▼ 21.4% vs previous month

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Related news about Ajax Engineering

AJAXENGG: Q2 STANDALONE NET PROFIT 509.1M RUPEES VS 390.7M (YOY)
Exchange Update • 5 days ago
AJAXENGG: Q2 REVENUE 4.87B RUPEES VS 4.45B (YOY)
Exchange Update • 5 days ago
AJAXENGG: Q2 EBITDA 514.6M RUPEES VS 452.6M (YOY); Q2 EBITDA MARGIN 10.57% VS 10.17% (YOY)
Exchange Update • 5 days ago
Ajax Engineering June-Quarter Profit 556 Million Rupees
Reuters • 3 months ago
Ajax Engineering Appoints Ketan Pendse As CFO
Reuters • 5 months ago
AJAXENGG: Nine-month revenue up 2% YoY; Q3 margins pressured, but outlook positive on infra demand
Quartr • 9 months ago
Ajax Engineering Ltd Dec-Quarter Profit 382.4 Million Rupees
Reuters • 9 months ago
Ajax Engineering Names Ganesh B J As Interim Chief Financial Officer
Reuters • 10 months ago
India's Ajax Engineering extends rally on Citi upgrade after upbeat Q2 results
Reuters • 11 months ago
AJAXENGG: Strong Q2 revenue growth offset by margin pressure from higher costs and competitive pricing
Quartr • 12 months ago
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Frequently Asked Questions about Ajax Engineering

Ajax Engineering was founded in 1992.

Ajax Engineering is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Shubhabrata Saha is the CEO of Ajax Engineering, as recorded in our data.

Ajax Engineering has 1,260 employees.

The primary company behind Ajax Engineering, Ajax Engineering Limited, reported revenue of ₹2,152 Cr for FY 2026, up 1% year on year.

AJAX was founded in 1992 and is headquartered in Bengaluru, India. Operations focus on the manufacturing and supply of concreting equipment and machinery within the construction sector. Equipment is produced for various applications in building and infrastructure projects. Distribution occurs primarily in India, with key leadership provided by directors in management and marketing roles. The company maintains a presence in engineering solutions for concrete handling.

Yes, Ajax Engineering is publicly traded on NSE under the ticker symbol AJAXENGG.

Ajax Engineering is associated with 2 legal entities: Ajax Engineering Limited, Ajax Engineering Private Limited.

The legal entities of Ajax Engineering currently have 8 directors, including Krishnaswamy Vijay, Shubhabrata Saha, Jayashree Satagopan and others.

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