Ajax Engineering (AJAXENGG)
CyclicalFairStock Score: 30/100 — RISKY
Score breakdown: P/E: 1/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹582.2 |
| Market Cap | ₹6,660.76 Cr |
| P/E Ratio | 29.42 |
| ROCE | 33.58% |
| ROE | —% |
| Dividend Yield | 0% |
| Profit Growth | 5.16% |
| Debt/Equity | 0 |
| Sales Growth | 2.86% |
| Promoter Holding | 80% |
| 52-Week Range | ₹394.8 — ₹678 |
| Sector | Agricultural, Commercial & Construction Vehicles |
| Book Value | ₹121.68 |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
At first glance, Ajax Engineering has qualities I respect: a zero-debt balance sheet, a 33.58% ROCE, and 80% promoter holding. These suggest discipline and skin in the game. But discipline in capital allocation doesn't protect you from cyclical earnings decline. Sales fell 20.91% and profit fell 40.50%, and the latest quarter—₹434 Cr revenue and ₹38 Cr net profit—still looks muted. The Piotroski F-score of 3/9 and FairStock Score of 24/100 reinforce my concern: this is not a company displaying broad financial health right now.
The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer