Ajax Engineering Share Price Target 2025, 2026, 2028, 2030, 2035

Ajax Engineering Share is experiencing a bullish trend in the share market. During the ups and downs, you should know all about the share details before investing. In this blog, we are going to discuss Ajax Engineering Share Price Target 2025, 2026, 2028, 2030, and 2035. We will try to analyze the share base in the company’s overall performance.

We also look at the company’s profit growth in the last 5 years, the last 5 years’ sales growth, and the last 5 years’ ROE percentage. Similarly, we also compare the share growth, the share price return, and whether the share has increased or decreased over the last 5 years. We also take advice from experts about when we should invest in the shares, which may be helpful for you. Let’s have a look at Ajax Engineering Share Price Target from 2025 to 2035.

Overview Of Ajax Engineering Limited

Ajax Engineering Limited is an Indian company which primarily involved in manufacturing and supplying concrete construction equipment. The headquarter of the company is situated in Bangalore. The main products of the company are batching plants, transit mixers, concrete pumps, and slipform pavers etc.

Fundamental Analysis Of Ajax Engineering Limited

Company Name	Ajax Engineering Limited
Market Cap	₹7,999.35 Crore
52 Week High	₹735
52 Week Low	₹550.60
P/E	36.01
P/B	3.31
DIV. YIELD	0.31%
ROE	27.96%
ROA	20.53%
Current Ratio	3.18

Last Few Years’ Performance Of Ajax Engineering Limited

Profit Growth

• In the last 5 years, NA
• In the last 3 years, 32.96%
• In the last 1 year, 66.01%

The company’s Net Profit was ₹136.85 Crore in March 2023, which increased to ₹226.35 Crore in March 2024. The Operating profit of the company was ₹171.52 Crore in March 2023, which increased to ₹276.51 Crore in March 2024.

Sales Growth

The sales growth percentage of the company in the last 5 years is described below.

• In the last 5 years, NA
• In the last 3 years, 32.96%
• In the last year, 52.31%

The Net Sales amount of the company was ₹1,152.03 Crore in March 2023, which increased to ₹1,742.63 Crore in March 2024.

ROE Percentage

The ROE percentage growth of the company in the last 5 years is described below.

• In the last 5 years, NA
• In the last 3 years, 21.20%
• In the last 1 year, 28.36%

ROCE Percentage

The company’s ROCE percentage growth in the last 5 years is described below, and it has also increased rapidly.

• In the last 5 years, NA
• In the last 3 years, 27.85%
• In the last 1 year, 36.52%

Total Expenditure Amount

The Total Expenditure of the company was ₹981.62 Crore in March 2023, which increased to ₹1,466.32 Crore in March 2024.

The Net Cash Flow Amount

The Net Cash Flow amount of the company was ₹-8.83 Crore in March 2023, which became ₹66.86 Crore in March 2024.

Total Assets Amount

The company’s Total Assets were ₹967.85 Crores in March 2023, increasing to ₹1,265.46 Crores in March 2024.

Ajax Engineering Share Price Target 2025

Ajax Engineering Share Price Target forecast for 2025 may vary from ₹696.14 to ₹749.26.

Influencing Key Factors Of Ajax Engineering Share Price Target 2025

• Distribution and After-Sales Support
• Ajax Engineering Limited has a large dealer network with more than 110 customer touchpoints. 79 employees are involved in designing, engineering, and development. Ajax School of Concrete is innovating concrete application equipment and conducting specialized training programs.
• Increasing Share In The Mechanised Concrete Equipment Market
• Ajax Engineering Limited increased the mechanised concrete equipment market. In the financial year 2022, the share amount of Apex Engineering was 14%, which increased to 20% in the year 2024.
• Increasing Revenue Amount
• The revenue of the company is also increasing rapidly. In the third quarter of the year 2024, the revenue amount was ₹3,993 Mn, which increased to ₹5,483 Mn in the fourth quarter of the year 2025.

Month	Ajax Engineering Share Price Target 2025 (1st Price Target)	Ajax Engineering Share Price Target 2025 (2nd Price Target)
May	₹696.14	₹706.35
June	₹703.69	₹711.43
July	₹709.52	₹720.20
August	₹719.51	₹726.03
September	₹725.22	₹732.63
October	₹729.50	₹738.02
November	₹735.16	₹742.33
December	₹740.30	₹749.26

Also Read – Wonder Electricals Share Price Target

Ajax Engineering Share Price Target 2026

Ajax Engineering Share Price Target forecast for 2026 may vary from ₹748.36 to ₹836.60.

Influencing Key Factors Of Ajax Engineering Share Price Target 2026

• The Company’s Innovation Track Record
• The company ensures quality assurance in concrete production, which the Legal Metrology Department of the Government of India recognizes. It is also used across Government departments, such as the public works, irrigation, and Border Roads Organization.
• Self-Propelled Boom Pump
• The company designed to combine mobility with flexibility for efficient placement of concrete at varying heights and distances. The company also enhances accessibility and accelerates the construction timeline. The company also focused on featuring a compact design, especially designed for navigating narrow urban jobs.
• Market Leader in SLCM Market
• Ajax Engineering has a 75% market share in the Indian SLCM Market. The company also has 12% concrete production in India through Ajax SLCMs. The company sold 29.8k concrete equipment in the last 10 years. The company also has more than 141 concrete equipment variants.

Month	Ajax Engineering Share Price Target 2026 (1st Price Target)	Ajax Engineering Share Price Target 2026 (2nd Price Target)
January	₹748.36	₹760.02
February	₹758.62	₹770.13
March	₹728.33	₹736.25
April	₹734.10	₹747.85
May	₹745.82	₹759.30
June	₹755.29	₹765.69
July	₹763.33	₹775.29
August	₹774.48	₹788.94
september	₹786.92	₹797.62
October	₹795.34	₹816.72
November	₹814.29	₹825.18
December	₹820.45	₹836.60

Ajax Engineering Share Price Target 2028

Ajax Engineering Share Price Target forecast for 2028 may vary from ₹929.45 to ₹1012.63.

Influencing Key Factors Of Ajax Engineering Share Price Target 2028

• Manufacturing Facilities Of The Company
• Ajax Engineering Limited has 4 operational facilities and 1 upcoming assembling & manufacturing facility. The company has 51 distributors in India and 25 International dealers and distributors. The company also has a 546-supplier network.
• Recent Innovation
• Only Indian company to have developed a slip from paver entirely in-house in 2019. First to commercialize the 3D Concrete Printing Machine developed in-house in the year 2023.
• Increasing SLCM and Non-SLCM Amount
• In the third quarter of the financial year 2024, the SLCM amount of the company was ₹3,442 INR Mn, which increased to 37% and became ₹4,705 INR Mn in the third quarter of the year 2025. The Non-SLCM amount of the company was ₹254 INR Mn, which increased to 71%, becoming ₹436 INR Mn.

Month	Ajax Engineering Share Price Target 2026 (1st Price Target)	Ajax Engineering Share Price Target 2026 (2nd Price Target)
January	₹929.45	₹940.21
February	₹938.20	₹950.72
March	₹948.64	₹960.37
April	₹956.75	₹968.03
May	₹965.20	₹978.27
June	₹975.61	₹989.13
July	₹989.75	₹997.59
August	₹979.16	₹983.19
september	₹959.19	₹972.64
October	₹969.42	₹982.58
November	₹979.46	₹992.39
December	₹989.16	₹1012.63

Ajax Engineering Share Price Target 2030

Ajax Engineering Share Price Target forecast for 2030 may vary from ₹1,236.96 to ₹1,425.13.

Influencing Key Factors Of Ajax Engineering Share Price Target 2030

The Main Features Of The Company’s Products

• The company’s products include low pressure water pump for filling a water tank.
• The company’s products have high pressure water cleaning system with a 20m Hose reel.
• For leveling of the concrete slab at the right elevation and providing initial finishing.
• The products have pre-programmed 90-degree counter-rotate and transport modes.
• The products have oscillating movement for removing the irregularities caused by the dowel bar Insertion.
• The products have swing legs for moving the tracks inwards or outwards for easy adjustment as per site conditions.
• Ajax Server Response
• The response Text Property is used when the response from the server is not XML, and returns the response as a string. To get the response from a server, use the response Text or response XML property.

Year	Ajax Engineering Share Price Target 2030
1st Price Target	₹1,236.96
2nd Price Target	₹1,425.13

Ajax Engineering Share Price Target 2035

Ajax Engineering Share Price Target forecast for 2035 may vary from ₹2,530.20 to ₹2,763.95.

Influencing Key Factors Of Ajax Engineering Share Price Target 2035

• Expanded Distribution Network
• Ajax Engineering Limited expanded its distribution network in Bangladesh, Sri Lanka, Myanmar, Tunisia, UAE, Vietnam, Oman, Uganda, Cambodia, Egypt, and many other countries.
• Work Process Of The Company
• Ajax Engineering Limited is committed to embracing digital transformation and is constantly reinventing itself, thereby evaluating the opportunities and solutions to emerge as a next-generation player investing in technology to improve the core capabilities and strengths, aligning to offer benchmarking products on a par with global standards.
• Projects Working
• In recent time more than 20,000 equipment of the company’s working satisfactorily across the length and bradth of the country in varied applications with wide specutum of business segment expertise in CC Roadways, national/state highways, dams, irrigation canals, tunnels, railways, airport infrastructure, power transmission, renewable energy projects – wind farm/solar park projects, metrorails, fly – overs, etc.

Year	Ajax Engineering Share Price Target 2035
1st Price Target	₹2,530.20
2nd Price Target	₹2,763.95

Peer Company Of Ajax Engineering Limited

Company Name	Market Cap (Crore)
Cummis India Limited	₹79,093.12
Thermax Limited	₹41,072.45
Jyoti CNC Automation Limited	₹24,620.53
Grindwell Norton Limited	₹18,646.37
Carborundum Universal Limited	₹19,527.65

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Discussion About Shareholding Pattern Of Ajax Engineering Limited

Apex Engineering Limited mainly has four types of shareholding patterns such as promoter holding, public holding, DII, and FII. Depending on the shareholding pattern, we can majorly influence the company’s growth.

Investor Type	Percentage
Promoter Holding (Owned by the company’s promoter)	80.10%
Public Holding (Held by the public)	5.30%
FII (Invest by Foreign Institutional Investor)	6.40%
DII (Invest money by Domestic Institutional Investor)	8.20%

The Last Few Years’ Share Price Updation Of Ajax Engineering Limited Share

Ajax Engineering Share always gives good returns to investors, which is described in the portion below.

• The last 6 months’ share growth was +74.10 (12.45%).
• The last 1 month’s share growth was +59.60 (9.77%).
• The last 1 year’s share growth was +74.10 (12.45%).

• The last 5 years’ share growth was +66.40 (11.01%).
• The maximum share growth was +66.40 (11.01%).

What Is The Expert Advice About The Investment In Ajax Engineering Share

Positive Sides

• In the last 3 years, the company had a good profit growth which was 32.96%.
• In the last 3 years, the company’s revenue was good, which was 32.99%.
• The company decreased its amount by 3.92 crores.
• In the last 3 years, the company had a healthy ROE ratio, which was 21.20%.
• The company has a healthy interest cover ratio of 150.23.
• The company has a good cash conversion cycle of 6.29 days.
• The company has a good promoter holding capacity of 80.10%.
• The company has a good liquidity position, of the current ratio, which is 3.18.
• The company had a good sales growth in the last 3 years, which was 32.96%.

Negative Sides

• In the last 5 years, the company’s EBITDA amount was very low, which was 0%.
• Most of the raw materials are imported, and any disruption of the supply chain may impact the company’s profit growth.

Also Read – Azad Engineering Share Price Target

FAQ

Conclusion

This website is written to help the investor gain some basic knowledge about the market strategy of Ajax Engineering Share. For making this blog, we consulted experts and researched the company. It is expected that the Ajax Engineering Share Price Target will be a good choice to invest in on a long-term basis. The demand for the manufacturing and supplying of concrete construction equipment in India and outside of the country always increases, as a result of the company and its share may increase rapidly.

We try to give an in-depth idea about the share. If you think it is helpful to you you can share it. If you have any questions please let us know through the comment box we will try to reply to your questions and solve your problem. Thanks for visiting this website and thanks for being with us.

Disclaimer – We are not SEBI-registered advisors. A financial market is always risky to anyone. This website is only for training and educational purposes. So before investing, we are requested to discuss certified expertise. We will not be responsible for anyone’s profit or loss.