Ajax Engineering Share Price Target 2025, 2026, 2030, 2040, 2050
AJAX Engineering Ltd, an Indian company established in 1992, is widely known for manufacturing construction machinery. The company mainly focuses on building the equipment that helps to mix concrete and transport it easily at construction sites. AJAX has quickly made a name for itself in this industry.
This blog will provide the details of Ajax Engineering Share Price targets as far as 25 years from now (2025 – 2050) based on its fundamentals, market position, and growth potential.
What is Ajax Engineering Ltd NSE: AJAXENGG?
AJAX Engineering Ltd. manufactures self-loading concrete mixers, batching plants, and concrete pumps. These machines help in building roads, bridges, and buildings. Ajax Machinery also provides maintenance and support for their machines to ensure they work correctly. Their products are widely used in India and other countries.
Fundamental Table
| Particulars | Value |
|---|---|
| Market Cap | ₹ 6,803 Cr. |
| High / Low | ₹ 629 / ₹ 565 |
| Stock P/E | 30.1 |
| Dividend Yield | 0% |
| ROCE | 36.9 % |
| ROE | 27.7 % |
| Face Value | ₹ 1 |
| Industry PE | 34.6 |
| Net Cash Flow (PY) | -8.82 Cr. |
| PBT (Annual) | ₹ 302 Cr. |
| EPS | ₹ 19.7 |
| Promoter Holding | 80.0% |
| Net Profit | ₹ 225 Cr. |
| Debt | ₹ 1.89 Cr. |
| Dividend Last Year | ₹ 0.00 Cr. |
| Current Liabilities | ₹ 347 Cr. |
| Current Assets | ₹ 1,112 Cr. |
| Debt to Equity | 0.00 |
Peer Comparisons
| S.No. | Name | P/E | Market Cap (₹ Cr.) | NP Qtr (₹ Cr.) | Qtr Profit Var % | Sales Qtr (₹ Cr.) | Qtr Sales Var % | ROCE % |
|---|---|---|---|---|---|---|---|---|
| 1 | Jyoti CNC Automation | 92.87 | 25,495.27 | 75.88 | 352.74 | 430.67 | 42.47 | 21.22 |
| 2 | Jupiter Wagons | 39.35 | 14,955.07 | 97.86 | 17.34 | 1000.04 | 11.63 | 31.67 |
| 3 | Action Construction | 40.38 | 14,755.64 | 94.82 | 28.25 | 756.69 | 12.40 | 42.30 |
| 4 | Titagarh Rail | 39.77 | 12,117.90 | 80.69 | 15.01 | 1056.95 | 12.99 | 24.97 |
| 5 | Praj Industries | 46.46 | 11,565.55 | 41.11 | -41.63 | 853.03 | 2.95 | 29.29 |
| 6 | Elecon Engineering | 30.85 | 11,497.15 | 107.54 | 18.96 | 528.89 | 11.68 | 31.32 |
| 7 | Lloyds Engineering | 88.87 | 8,649.27 | 27.95 | 48.75 | 212.15 | 74.21 | 28.33 |
| 8 | Ajax Engineering | 34.76 | 6,803 | 101.02 | – | 769.99 | 12.43 | 36.90 |
| Period | Share Price (INR) |
|---|---|
| All-Time Max | ₹629 |
Tomorrow, Ajax Engineering Ltd. shares could see a steady or slight upward movement due to strong fundamentals. The company is almost debt-free and has a high return on equity (19.3%) and return on assets (25.7%); however, its high P/E ratio of 57.8 suggests it is overvalued.
| Day | Minimum Price Target (₹) | Maximum Price Target (₹) |
|---|---|---|
| Tomorrow | -35 from today’s price | +65 from today’s price |
AJAXENGG Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase AJAXENGG and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
Ajax Engineering has performed well in the mechanical engineering sector. A strong focus on manufacturing and supplying equipment for infrastructure projects will drive growth as demand for infrastructure projects in India increases. By 2025, Ajax shares should make significant progress on the back of continued revenue growth and financial security stemming from low debt and sound governance.
Our analysis shows that the share price is expected to be between Rs 550 and Rs 850.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 550 | 850 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| February | 560 | 640 |
| March | 580 | 660 |
| April | 600 | 680 |
| May | 620 | 700 |
| June | 640 | 720 |
| July | 660 | 740 |
| August | 680 | 760 |
| September | 700 | 780 |
| October | 720 | 800 |
| November | 750 | 825 |
| December | 800 | 850 |
In 2026, Ajax Engineering could experience significant growth as infrastructure development in India accelerates. Ajax offers a variety of construction machinery and equipment used in various sectors. Expansion plans and using artificial intelligence and automation in production strengthen Ajax’s market position and could lead to further share price gains due to business expansion plans and the rising demand for eco-friendly engineering solutions.
Our analysis shows that the share price is expected to be between Rs 650 and Rs 1,000.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2026 | 650 | 1000 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 650 | 700 |
| February | 670 | 720 |
| March | 690 | 740 |
| April | 710 | 760 |
| May | 730 | 780 |
| June | 750 | 800 |
| July | 770 | 820 |
| August | 790 | 840 |
| September | 810 | 860 |
| October | 830 | 920 |
| November | 850 | 950 |
| December | 870 | 1000 |
By 2030, Given India’s commitment to infrastructure modernization, Ajax Engineering will benefit from significant transportation, energy and urban development projects. Moreover, adopting IoT and automation in machinery production could improve efficiency while reducing costs, leading to sustainable growth due to long-term opportunities within business and product diversification.
Our analysis shows that the share price is expected to be between Rs 1,525 and Rs 1,790.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2030 | 1525 | 1790 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 1525 | 1580 |
| February | 1550 | 1605 |
| March | 1575 | 1630 |
| April | 1600 | 1655 |
| May | 1625 | 1680 |
| June | 1650 | 1705 |
| July | 1675 | 1730 |
| August | 1700 | 1755 |
| September | 1725 | 1770 |
| October | 1740 | 1780 |
| November | 1755 | 1785 |
| December | 1770 | 1790 |
By 2040, Ajax Engineering could differentiate itself in the market through its commitment to sustainability and innovative products. Thanks to smart cities projects, renewable energy and green infrastructure initiatives, such as its strategic global expansion plans, as well as the increased use of technology in engineering, Ajax’s strong innovation leadership in this niche area will likely put it ahead of its peers, further supporting Ajax’s long-term success.
Our analysis shows that the share price is expected to be between Rs 2,735 and Rs 3,500.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2040 | 2735 | 3500 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 2735 | 2900 |
| February | 2800 | 2975 |
| March | 2875 | 3050 |
| April | 2950 | 3125 |
| May | 3025 | 3200 |
| June | 3100 | 3275 |
| July | 3175 | 3350 |
| August | 3250 | 3400 |
| September | 3300 | 3450 |
| October | 3350 | 3475 |
| November | 3400 | 3490 |
| December | 3450 | 3500 |
By 2050, Ajax Engineering could become a global leader in advanced engineering solutions, including AI-driven machines and automation. As India and international markets demand sustainable infrastructure solutions with advanced technology infrastructure solutions, Ajax’s innovative products play a pivotal role. Their long-term growth will be supported by being part of this rapidly evolving world of tech infrastructure solutions.
Our analysis shows that the share price is expected to be between Rs 5,300 and Rs 6,500.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2050 | 5300 | 6500 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 5300 | 5500 |
| February | 5400 | 5600 |
| March | 5500 | 5700 |
| April | 5600 | 5800 |
| May | 5700 | 5900 |
| June | 5800 | 6000 |
| July | 5900 | 6100 |
| August | 6000 | 6200 |
| September | 6100 | 6300 |
| October | 6200 | 6400 |
| November | 6300 | 6450 |
| December | 6400 | 6500 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 550 | 850 |
| 2026 | 650 | 1000 |
| 2030 | 1525 | 1790 |
| 2040 | 2735 | 3500 |
| 2050 | 5300 | 6500 |
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Should I Buy Ajax Engineering Ltd Stock?
Ajax Engineering Ltd holds a strong position in the self-loading concrete mixer (SLCM) market with steady sales growth and profits. Ajax is expanding globally with more dealers and offering infrastructure products at a reasonable cost. At the same time, its low debt, stable finances and experienced management allow the company to capitalize on the positive growth trends in the industry. So it could be a good pick. But always check the latest news and stock trends before making a decision. Investing is all about patience and proper timing!
Ajax Engineering Ltd Earning Results (Financials)
| Particulars | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Sales + | 1,151 | 763 | 742 | 736 |
| Expenses + | 980 | 673 | 615 | 603 |
| Operating Profit | 171 | 91 | 127 | 133 |
| Operating Profit Margin (OPM %) | 15% | 12% | 17% | 18% |
| Other Income + | 21 | 8 | 13 | 7 |
| Interest | 1 | 0 | 1 | 1 |
| Depreciation | 9 | 8 | 8 | 8 |
| Profit Before Tax | 183 | 90 | 131 | 131 |
| Tax % | 26% | 27% | 26% | 24% |
| Net Profit + | 136 | 66 | 97 | 100 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Expert Forecasts on The Future of Ajax Engineering Ltd.
Ajax Engineering Ltd. reported steady revenue growth to Rs. 1,151 crores and operating profit growth to Rs. 171 crores with a margin of 15% in 2023. Although no dividend payout was announced, Ajax’s future looks promising due to the experts’ strong demand for engineering products and consistent expansion and innovation efforts.
Is Ajax Engineering Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
- Strong leadership in the self-loading concrete mixer (SLCM) market.
- Consistent sales growth and profitability.
- Low debt and financial stability.
- Expanding global presence and dealer network.
- Positive industry outlook with government focus on infrastructure.
Bearish Case:
- High price/earnings ratio could be overvalued.
- No dividend payout.
- Market risks due to dependence on infrastructure projects.
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Conclusion
Ajax Engineering Ltd is well positioned for growth with a strong presence in the SLCM market, an expanding dealer network and a diverse product offering. With low debt and consistent profits, Ajax represents a reliable investment opportunity that offers both short-term growth opportunities and long-term opportunities through its affiliation with the infrastructure sector.
