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 a detailed analysis of its Ajax Engineering share price targets as far as 25 years from now (2025 – 2050).

What is Ajax Engineering Ltd ?

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.

IPO Details

Details	Value
Price Band	₹599 to ₹629 per share
Lot Size	23 shares
Face Value	₹1 per share
Listing At	NSE, BSE
*Total Issue Si	2,01,80,446 shares
Fresh Issue	₹ 1,269.35 crores
Offer For Sale	100%
Market Cap	₹ 7,196 Cr.
EPS (FY24)	19.68
PE Ratio	32.12
Open – Close Date	February 10, 2025 – February 12, 2025
Listing Date	February 17, 2025

Fundamental Table

Particulars	Value
Market Cap	₹ 7,196 Cr.
Current Price	–
High / Low	–
Stock P/E	57.8
Book Value	–
Dividend Yield	0%
ROCE	25.7 %
ROE	19.3 %
Face Value	₹ 1
Industry PE	39.0
Net Cash Flow (PY)	–
PBT (Annual)	₹ 183 Cr.
EPS	₹ 19.68
Promoter Holding	–
PEG Ratio	–
Net Profit	₹ 136 Cr.
Debt	₹ 10.1 Cr.
Dividend Last Year	₹ 0.00 Cr.
Current Liabilities	₹ 244 Cr.
Current Assets	₹ 283 Cr.
Debt to Equity	0.01
Price to Book Value	–
Graham Number	–

Peer Comparisons

S.No.	Name	CMP (₹)	P/E	Market Cap (₹ Cr.)	NP Qtr (₹ Cr.)	Qtr Profit Var %	Sales Qtr (₹ Cr.)	Qtr Sales Var %	ROCE %
1	Jyoti CNC Automation	1121.05	92.87	25,495.27	75.88	352.74	430.67	42.47	21.22
2	Jupiter Wagons	352.30	39.35	14,955.07	97.86	17.34	1000.04	11.63	31.67
3	Action Construction	1239.10	40.38	14,755.64	94.82	28.25	756.69	12.40	42.30
4	Titagarh Rail	899.80	39.77	12,117.90	80.69	15.01	1056.95	12.99	24.97
5	Praj Industries	629.20	46.46	11,565.55	41.11	-41.63	853.03	2.95	29.29
6	Elecon Engineering	512.35	30.85	11,497.15	107.54	18.96	528.89	11.68	31.32
7	Lloyds Engineering	74.21	88.87	8,649.27	27.95	48.75	212.15	74.21	28.33
8	Ajax Engineering	–	57.76	7,196.19	–	–	–	–	25.74

Ajax Engineering Share Price Target Tomorrow

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 (Rs)	Maximum Price (Rs)
Listing Day	599	750

Ajax Engineering Share Price Target 2025

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)
2026	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

Ajax Engineering Share Price Target 2026

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

Ajax Engineering Share Price Target 2030

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

Ajax Engineering Share Price Target 2040

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

Ajax Engineering Share Price Target 2050

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

Ajax Engineering Share Price Prediction

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.

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