Ajax Engineering Key Ratios
NSE: AJAXENGG | BSE: 544356
₹571.10
As on 28-Aug-2026IST
Market cap
₹6,540 Cr
Revenue (TTM)
₹2,111 Cr
P/E Ratio
28.7
P/B Ratio
4.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -37.36 | 1.73 | 1.89 | 39.54 | -- |
| EBIT | -50.07 | -3.60 | -12.07 | 55.79 | -- |
| Net Profit | -41.45 | 5.16 | -6.43 | 57.79 | -- |
| EPS | -41.45 | 5.16 | -7.36 | 57.78 | -- |
| Book Value | -- | -- | 25.69 | 25.72 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 14.71 | -- | 12.00 | 14.81 | 15.23 |
| Net Margin
| 12.17 | -- | 10.52 | 12.28 | 12.65 |
| Return on equity
| 24.64 | -- | 17.40 | 25.21 | 27.66 |
| Return on Capital
| 32.90 | -- | -- | 33.76 | 36.88 |
| Return on Assets
| 18.52 | -- | 14.09 | 19.13 | 20.44 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.01 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
33.76
|
36.88
|
28.05
|
16.55
|
|
Peer Median
|
--
|
21.32
|
--
|
15.30
|
--
|
ROE
17.40
Higher than Peers by 3.36
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
17.40
|
25.21
|
27.66
|
21.04
|
12.15
|
|
Peer Median
|
14.04
|
17.53
|
--
|
11.22
|
--
|
ROA
14.09
Higher than Peers by 4.80
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
14.09
|
19.13
|
20.44
|
15.97
|
9.03
|
|
Peer Median
|
9.29
|
8.98
|
--
|
4.99
|
--
|
EBIT Margin
12.00
Lower than Peers by 0.18
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
12.00
|
14.81
|
15.23
|
14.09
|
10.65
|
|
Peer Median
|
12.18
|
13.66
|
--
|
9.78
|
--
|
Net Margin
10.52
Higher than Peers by 0.85
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
10.52
|
12.28
|
12.65
|
11.59
|
8.57
|
|
Peer Median
|
9.67
|
9.53
|
--
|
7.06
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
13.01
|
13.45
|
12.55
|
9.75
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
1.89
Lower than Peers by 8.91
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
1.89
|
19.09
|
51.28
|
50.81
|
2.91
|
|
Peer Median
|
10.80
|
13.34
|
--
|
24.08
|
--
|
EBIT Growth
-12.07
Lower than Peers by 23.32
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
-12.07
|
15.81
|
63.56
|
99.60
|
-32.06
|
|
Peer Median
|
11.26
|
29.75
|
--
|
34.65
|
--
|
Net Profit Growth
-6.43
Lower than Peers by 19.85
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
-6.43
|
15.52
|
65.67
|
105.27
|
-32.02
|
|
Peer Median
|
13.42
|
32.83
|
--
|
30.82
|
--
|
EPS Growth
-7.36
Lower than Peers by 13.87
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
-7.36
|
15.52
|
65.67
|
105.25
|
-32.02
|
|
Peer Median
|
6.51
|
21.80
|
--
|
27.67
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
25.69
|
28.08
|
23.44
|
12.97
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
--
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
0.02
|
0.20
|
--
|
0.10
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
--
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
4.19
Higher than Peers by 2.41
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
4.19
|
3.94
|
3.16
|
3.10
|
3.68
|
|
Peer Median
|
1.78
|
1.86
|
--
|
1.67
|
--
|
Quick Ratio
3.71
Higher than Peers by 2.56
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
3.71
|
3.12
|
2.42
|
2.39
|
2.54
|
|
Peer Median
|
1.15
|
1.23
|
--
|
1.23
|
--
|
Interest Coverage
743.91
Higher than Peers by 732.35
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
743.91
|
818.91
|
149.95
|
272.04
|
215.79
|
|
Peer Median
|
11.56
|
9.44
|
--
|
6.94
|
--
|
Operating Efficiency
Debtors to sales
8.47
Lower than Peers by 11.59
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
8.47
|
7.94
|
5.07
|
6.52
|
7.17
|
|
Peer Median
|
20.05
|
20.49
|
--
|
19.78
|
--
|
Asset Turnover
1.31
Higher than Peers by 0.47
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
1.31
|
1.53
|
1.59
|
1.35
|
1.04
|
|
Peer Median
|
0.84
|
0.92
|
--
|
0.91
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
22.16
|
17.02
|
20.57
|
27.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
42.42
|
41.68
|
54.76
|
101.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
52.06
|
52.74
|
48.20
|
65.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
12.52
|
5.96
|
27.13
|
63.97
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
28.70
Lower than Peers by 16.13
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
28.70
|
26.09
|
--
|
--
|
--
|
|
Peer Median
|
44.84
|
40.01
|
--
|
27.27
|
--
|
Price / Book Value
4.52
Higher than Peers by 0.30
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
4.52
|
5.91
|
--
|
--
|
--
|
|
Peer Median
|
4.22
|
4.49
|
--
|
3.17
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.29
|
0.18
|
--
|
0.40
|
--
|
EV/EBITDA
20.02
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
20.02
|
18.55
|
-0.17
|
0.07
|
-0.13
|
|
Peer Median
|
--
|
28.08
|
--
|
21.72
|
--
|
Market Cap
6,540
Higher than Peers by 4,364
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Ajax Engineering
|
6,540
|
6,787
|
--
|
--
|
--
|
|
Peer Median
|
2,176
|
1,252
|
--
|
465
|
--
|