[March] Ajax Engineering IPO Share Price Target 2025, 2026, 2027, to 2050
AJAX Engineering Ltd started in 1992 and is a well-known Indian company that makes top-quality construction machinery.
They focus on creating equipment that helps mix and move concrete easily on construction sites. AJAX has become a key player in improving construction work across India.
The company has quickly gained a strong reputation for its innovative and reliable machines.
Their advanced equipment increases efficiency and lasts long, meeting the needs of today’s construction projects.
Over time, AJAX has become a trusted name, helping the construction industry grow with its modern technology and focus on customer satisfaction.
AJAX Engineering Ltd started in 1992 and is a well-known Indian company that makes top-quality construction machinery.
They focus on creating equipment that helps mix and move concrete easily on construction sites.
AJAX has become a key player in improving construction work across India.
The company has quickly gained a strong reputation for its innovative and reliable machines.
Their advanced equipment increases efficiency and lasts long, meeting the needs of today’s construction projects.
Over time, AJAX has become a trusted name, helping the construction industry grow with its modern technology and focus on customer satisfaction.
What is Ajax Engineering Limited?
AJAX Engineering Limited makes advanced construction machines like self-loading concrete mixers, batching plants, and pumps.
These machines are essential for building roads, bridges, and buildings.
Known for their innovative and reliable equipment, AJAX also provides maintenance and support to keep the machines running well for a long time.
The company is well-known in India and is expanding globally, with construction professionals around the world trusting their products.
AJAX is a leader in the construction machinery industry because of its focus on quality, durability, and keeping customers happy, helping to build infrastructure worldwide.
Ajax Engineering Limited IPO Details
The share price for this IPO is set between ₹599 to ₹629 per share.
You need to buy at least 23 shares at a time.
Each share has a face value of ₹1, and the shares will be available for trading on both NSE and BSE.
The company is offering a total of 2,01,80,446 shares, with a fresh issue worth ₹1,269.35 crores.
The market value of the company is ₹7,196 crores.
The Earnings Per Share (EPS) for FY24 is ₹19.68, and the Price-to-earnings (PE) ratio is 32.12.
You can apply for the IPO between February 10, 2025, and February 12, 2025, and the shares will be listed on February 17, 2025.
This IPO is a good chance for investors to buy shares in a strong company.
The price is affordable, and the small lot size makes it easy for small investors to participate.
The company is profitable, as shown by its EPS, and the PE ratio suggests the shares are fairly priced.
Being listed on both NSE and BSE means the shares will be easy to buy and sell.
The subscription period is short, so interested investors should act quickly.
The listing date is soon after the subscription ends, so investors won’t have to wait long to start trading.
This IPO looks like a promising opportunity to invest in a growing company.
Ajax Engineering IPO GMP Details
From the 4th to the 8th of February, the IPO grey market premium (GMP) and Kostak rates were checked. Here’s what was observed:
- On 8th February, the GMP was ₹50, and the informal share price (subject to rate) was ₹500.
- On 7th February, the GMP was ₹60, and the informal share price stayed at ₹500.
- On 6th February, the GMP was ₹60, and the informal share price was ₹500.
- On 5th February, the GMP dropped to ₹45, but the informal share price remained at ₹500.
- On 4th February, there was no GMP or Kostak rate available, and the informal share price was also not provided.
In simple terms, the GMP shows how much extra people are willing to pay for shares before they are officially listed on the stock market.
A higher GMP means more people are interested in the IPO.
The informal share price (subject to rate) is the price at which shares are traded unofficially before listing.
Kostak is another term used in the grey market, but it wasn’t relevant here.
These rates help investors understand how much demand there is for an IPO.
If the GMP is high, it suggests the IPO might do well after listing.
However, grey market rates are unofficial and can change quickly, so investors should be cautious and do proper research before investing in any IPO.
Also, Check out NHPC Share Price Target From 2024 to 2050.
Ajax Engineering Limited Earning Results
In March 2023, the company’s sales were ₹1,151, which is higher than ₹763 in March 2022, ₹742 in March 2021, and ₹736 in March 2020.
Expenses also went up to ₹980 in March 2023, compared to ₹673, ₹615, and ₹603 in the previous years.
The company’s operating profit was ₹171 in March 2023, better than ₹91 in March 2022 but less than ₹127 and ₹133 in March 2021 and 2020.
The operating profit margin (OPM %) was 15% in March 2023, up from 12% in March 2022 but down from 17% and 18% in March 2021 and 2020.
Other income increased to ₹21 in March 2023, compared to ₹8, ₹13, and ₹7 in earlier years.
Interest and depreciation costs stayed almost the same.
Profit before tax was ₹183 in March 2023, much higher than ₹90 in March 2022 but similar to ₹131 in March 2021 and 2020.
The tax rate was around 26% most years, except 24% in March 2020.
Net profit improved to ₹136 in March 2023, up from ₹66 in March 2022 but lower than ₹97 and ₹100 in March 2021 and 2020.
The company did not pay any dividends during these years.
The company has grown its sales and net profit over the years, especially in March 2023 compared to March 2022.
However, expenses have also gone up, which has affected the operating profit margin.
Even though sales are higher, the profit before tax in March 2023 is similar to March 2021 and 2020, showing that costs are rising.
The company hasn’t paid any dividends, which suggests it might be using its profits to reinvest in the business.
This could help the company grow and become more stable in the future.
Overall, the company is doing better but needs to manage expenses to increase profits further.
Also, check the IRB Infra Share Price Target 2024 to 2050.
Ajax Engineering Fundamental Details
The company is worth ₹7,196 crore in the market. Its stock price, high/low values, and book value details are not available.
The stock’s P/E ratio is 57.8, which is higher than the industry average of 39.0, meaning the stock might be overpriced.
The company has strong returns on capital (ROCE of 25.7%) and equity (ROE of 19.3%), showing it uses its money efficiently. Each share has a face value of ₹1, but no dividends were paid last year.
The company made a profit before tax of ₹183 crore, with a net profit of ₹136 crore and earnings per share of ₹19.68.
It has very little debt (₹10.1 crore) and a low debt-to-equity ratio of 0.01, which means it’s in a strong financial position.
Its current assets (₹283 crore) are slightly higher than its current liabilities (₹244 crore), showing good short-term financial health.
However, some details like promoter holding and cash flow are not available.
In simple terms, the company is doing well financially. It has strong profits, low debt, and uses its money efficiently.
However, the stock might be overpriced compared to others in the industry, so investors should be careful.
The company can cover its short-term bills, which is a good sign.
Overall, it looks stable, but the high P/E ratio suggests the stock might be expensive right now. Investors should research more before deciding.
Ajax Engineering Share Price Target 2025
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2025 | ₹520 | ₹620 |
Ajax Engineering Share Price Target 2026
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2026 | ₹600 | ₹690 |
Also, check the Urja Global Share Price Target 2024 to 2050.
Ajax Engineering Share Price Target 2027
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2027 | ₹650 | ₹820 |
Ajax Engineering Share Price Target 2028
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2028 | ₹750 | ₹890 |
Also, check Visesh Infotech Share Price Target 2024 to 2050.
Ajax Engineering Share Price Target 2029
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2029 | ₹800 | ₹940 |
Ajax Engineering Share Price Target 2030
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2030 | ₹880 | ₹990 |
Also, Check the Tata Steel Share Price Target 2024 to 2080.
Ajax Engineering Share Price Target 2040
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2040 | ₹1540 | ₹1670 |
Ajax Engineering Share Price Target 2050
| Year | Min. Prices | Max. Prices |
|---|---|---|
| 2050 | ₹2640 | ₹2800 |
Also, check the Adani Wilmar Share Price Target 2024 to 2050.
Ajax Engineering Limited Peer Comparisons
The company is worth ₹7,196 crore in the market. Its stock price, high/low range, and book value details are not available.
The stock’s P/E ratio is 57.8, which is higher than the industry average of 39.0, meaning it might be priced too high.
The company is good at using its resources, with a strong ROCE of 25.7% and an ROE of 19.3%.
Each share has a face value of ₹1, but no dividend was paid last year, so the dividend yield is 0%.
The company made a profit before tax of ₹183 crore, with a net profit of ₹136 crore and an EPS of ₹19.68.
It has very little debt (₹10.1 crore) and a low debt-to-equity ratio of 0.01, showing it’s in a strong financial position.
Its current assets are ₹283 crore, and current liabilities are ₹244 crore, meaning it can handle short-term expenses well.
However, some details like promoter holding, cash flow, and price-to-book value are not available.
In short, the company seems financially stable, with good profits and low debt.
It uses its money efficiently, as shown by its high ROCE and ROE.
However the stock looks expensive compared to others in the industry, and the lack of dividends might not interest investors looking for regular income.
Its low debt and healthy current assets suggest it can manage short-term needs well.
Overall, it’s a strong company, but the high P/E ratio means investors should be careful.
Also, check the IRFC Share Price Target 2024 to 2060.
Ajax Engineering Stock Bull and Bear Case Analysis
| Bull Case | Bear Case |
|---|---|
| The company has been growing steadily, increasing both its income and profits, and has become a trusted name in the industry. | The company has been growing steadily, increasing both its income and profits, and has become a trusted name in the industry. |
| It offers a wide variety of high-quality concrete equipment for different construction needs, helping it find new opportunities and keep up with changing market demands. | It offers a wide variety of high-quality concrete equipment for different construction needs, helping it find new opportunities and keep up with changing market demands. |
| By expanding into international markets, it has strengthened its global presence and set itself up for continued growth. | By expanding into international markets, it has strengthened its global presence and set itself up for continued growth. |
| The company is also in good financial shape, having paid off much of its debt, which shows strong money management. | The company is also in good financial shape, having paid off much of its debt, which shows strong money management. |
| For investors looking for a stable and promising option, the company’s consistent earnings, profitability, and focus on innovation make it a great choice in a competitive market. | For investors looking for a stable and promising option, the company’s consistent earnings, profitability, and focus on innovation make it a great choice in a competitive market. |
Conclusion
This company is well-known in the concrete equipment industry and has shown steady growth in sales and profits, making it a top player in the market.
It has a strong presence in India and around the world, offering a wide range of high-quality products and maintaining solid financial performance.
For investors looking for a stable and growing option, this company is a great choice.
In this article, we provide key insights and analysis to help you understand why this company stands out.
By looking at its market strategies, focus on innovation, and plans, you’ll see why it’s a strong contender in its field.
We recommend reading the full article to get a complete picture of what makes this company a promising investment.
