AJAX Engineering Limited
AJAXENGG.BO
Bombay Stock Exchange526.30
INR
-10.65
- -
AJAX Engineering Limited
AJAXENGG.BO
(Bombay Stock Exchange)
Recent
price
526.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Ajax Engineering Limited, founded in 1992 and headquartered in Bengaluru, India, manufactures a comprehensive range of concrete equipment and provides related services across the concrete application value chain; its core products include self-loading concrete mixers, in which it holds global leadership status with over 25,000 units delivered worldwide, concrete batching plants, transit mixers, stationary concrete pumps, boom pumps, self-propelled boom pumps, slip-form pavers, and 3D concrete printers, encompassing 141 equipment variants as of September 2024 tailored for production, transport, placement, and pavement applications in sectors such as infrastructure, commercial and residential buildings, roads, highways, bridges, railways, metro projects, tunnels, dams, airports, ports, and renewable energy projects. The company operates state-of-the-art manufacturing facilities in Doddaballapur, Gowribidanur, and other sites in Karnataka, with a new assembly and manufacturing facility under construction at Adinarayanahosahalli expected to become operational in 2025 to enhance production flexibility for self-loading concrete mixers, batching plants, transit mixers, slip-form pavers, boom pumps, self-propelled boom pumps, and concrete pumps; it maintains an extensive domestic dealer network of over 35 dealers and 100 touch points across India, Nepal, and Bhutan, supplemented by international distribution in countries including Bangladesh, Sri Lanka, Myanmar, Mozambique, Philippines, Kenya, Tunisia, UAE, Vietnam, Cambodia, Oman, Uganda, and Egypt, supported by 24/7 customer care, on-site maintenance, and training programs through the AJAX School of Concrete in partnership with the Infrastructure Equipment Skill Council of India. In recent developments, the company successfully completed its initial public offering in February 2025 through an offer-for-sale of approximately 2.01 crore shares aggregating ₹1,269 crore at the upper price band of ₹629 per share, listing on BSE and NSE on February 17, 2025 under the ticker AJAXENGG.BO with a market capitalization of around ₹7,200 crore; it launched innovative products including the indigenous slip-form paver in 2019, self-propelled boom pump in 2019, and 3D concrete printing machine in 2023, alongside the SmartBot with Concrete AI Technology in 2025 and a medical facility initiative to boost rural healthcare in 2025, while reporting strong financial performance with FY24 revenue from operations of ₹1,741 crore and profit after tax of ₹225 crore, followed by continued growth into FY25.