| 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
- ₹607.75
- Market cap
- ₹6,953 Cr
- Revenue (annual)
- ₹2,103 Cr
- Net profit (annual)
- ₹225.1 Cr
- P/E (TTM)
- 30.5×Sector 33.6×
- Promoter holding
- 80.00%+0.00% QoQ
- FII holding
- 4.67%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 Management Change
Ajax Engineering appointed Shishir Joshipura as Non-Executive Independent Director for a 60-month term. The board approved this change on September 17, 2026.
Ajax Engineering Board Meeting Outcome
Ajax Engineering appointed Mr. Shishir Joshipura as an Additional Director, effective September 17, 2026. This decision was ratified during the company's recent board meeting.
Ajax Engineering Management Change
Ajax Engineering's CFO, Ketan Pendse, has resigned from his position effective September 7, 2026, for personal reasons. The company has acknowledged his contribution.
Ajax Engineering Annual Report
Ajax Engineering Limited filed its Annual Report for FY 2025-26 and the notice for its 34th AGM scheduled for September 28, 2026.
Ajax Engineering Annual General Meeting
Ajax Engineering Limited has scheduled its 34th Annual General Meeting for September 28, 2026, to be conducted via video conferencing.
Ajax Engineering Q1 FY27 Results: Net Profit ₹55.6 Cr, Up 5.1% YoY
Ajax Engineering Ltd reported revenue from operations of ₹474.6 Cr (+1.7% YoY) and net profit of ₹55.6 Cr (+5.1% YoY) for Q1 FY27.
- Key figure
- Net profit ₹55.6 Cr · +5.1% YoY