ALFA Finder| Margins | Gross margin up 40bps; EBITDA margin down 70bps due to adverse leverage. |
|---|---|
| Demand visibility | Soft incremental demand currently; expect improvement in H2 FY27. |
Growth
SLCM revenue was flat; Non-SLCM grew 6.4% and Spares/Services grew 6.2% YoY.
Outlook
Expects momentum to strengthen in H2 FY27. Upcoming Adinarayanahosahalli facility operational in H1 FY27.
Risks
Persistent headwinds in infrastructure, sluggish project execution, and government spending delays impacting contractor sentiment.
Last quarter's promises, checked
Delivered
- Guided 25-30 days working capital → delivered 21 days (= BEAT)
- Guided CEV-V transition completion by June 2025 → delivered successful transition (= BEAT)
- Guided 2% price increase in Q4 → delivered 2% hike (= BEAT)
Partly delivered
- Guided mid-teen SLCM volume growth → delivered 1.7% revenue growth (= PARTIAL)
Missed
- Guided 13-15% EBITDA margin range → delivered 12.6% (= MISS)
Investor Presentation filed with BSE, NSE: AJAXENGG. Summary written with AI assistance from the document.
Ajax Engineering Ltd: key numbers
- Share price
- ₹554.50
- Market cap
- ₹6,344 Cr
- Revenue (annual)
- ₹2,103 Cr
- Net profit (annual)
- ₹225.1 Cr
- P/E (TTM)
- 26.5×Sector 32.5×
- Promoter holding
- 80.00%+0.00% QoQ
- FII holding
- 4.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ajax Engineering Ltd
All →Ajax Engineering Earnings Call Transcript: Key Takeaways
Q2 revenue +9.5% and PAT +30.4%, but H1 growth is price-aided and EBITDA margin slipped to 11.5%. Management hedges on H2 recovery and margins amid a steel cost surge; spares fell 4.7% in Q2.
Ajax Engineering Q2 FY27 Results: Net Profit ₹50.9 Cr, Up 30.2% YoY
Ajax Engineering Ltd reported revenue from operations of ₹487 Cr (+9.5% YoY) and net profit of ₹50.9 Cr (+30.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹50.9 Cr · +30.2% YoY
Ajax Engineering Board Meeting Date
Ajax Engineering schedules a 6 November 2026 board meeting for unaudited quarterly and half-year statements. The trading window stays closed until results are announced.
Ajax Engineering Other Announcement
Ajax Engineering filed its quarterly shareholding pattern as of 30 September 2026 under Regulation 31(1)(b). It is a periodic compliance statement with no transaction, money or corporate event.
Ajax Engineering Other Announcement
AJAX Engineering Ltd submitted its quarterly shareholding pattern as per SEBI Regulation 31(1)(b) for the quarter ended September 30, 2026.
Ajax Engineering Annual General Meeting
Ajax Engineering Limited successfully conducted its 34th Annual General Meeting on September 28, 2026, transacting ordinary and special business items, including adopting audited financial statements.