Ajax Engineering Share Price Target From 2025 to 2030: Ajax Engineering Limited, which was incorporated in July 1992, has emerged to take a prime position as a manufacturer of concrete equipment with a broad value chain of products and services. The company has developed 141 models of concrete machinery and sold more than 29,800 units of them in India in the last decade up to September 30, 2024. Notably, Ajax Engineering enjoys a gigantic 77% market share of India’s SLCMs market and Indian concrete passing through its SLCMs worth 12%. The firm owns four niche manufacturing facilities located at Karnataka, of which one, namely, Obadenahalli Facility, is one of the largest SLCM plants in the world in terms of size. Its widespread network ranges from 51 dealerships across 23 Indian states with 114 touchpoints via 51 head offices and 63 branches of which 34 are service centers as well. Overseas, Ajax Engineering has spread its wings with 25 distributors and dealers in South and Southeast Asia, Africa, and the Middle East. The company’s product line includes batching plants, transit mixers, self-loading concrete mixers, boom pumps, slipform pavers, self-propelled boom pumps, 3D concrete printers, and concrete pumps.
Ajax Engineering’s Initial Public Offering (IPO) has been floated in February 2025 with total issue size of ₹1,269.35 crores as a full offer for sale of 2.02 crore equity shares. IPO price band has been fixed at ₹599 to ₹629 per share. 23 shares minimum can be applied with minimum bid of ₹14,467 in retail category. Allotment has been completed on February 13, 2025, and shares of the company are going to be listed on the BSE and the NSE on February 17, 2025.
Ajax Engineering Share Price Key Information
Financials of the company have been strong. Operating revenue increased more than double to ₹1,741.4 crore in FY24 from ₹763.3 crore in FY22. SLCM business generated 85.1% of revenue in FY24 as against 77.4% in FY22. Net profit increased to ₹225.1 crore from ₹66.2 crore, and operating margin before depreciation and amortization (EBITDA margin) also increased to 15.8% from 11.9% in the period. Return of capital almost doubled to around 33% for three years to FY24. The firm has a robust market position, and efforts by the Indian government to boost infrastructure will witness Ajax Engineering growing rapidly.
Its addressable market is growing at a rapid pace, which is good for its prospects. However, as its performance is linked directly to infrastructure growth, a fall in the economy would have an impact on its finances. Again, the promoter group would need to disinvest shares in three years to try and get the holding down below 75%. Keeping these points in view and the long history of the company in the business, the investors can look at the IPO in the long term. The Ajax Engineering Share Price Target between 2025 to 2030 based on different analyses are as follows:
- 2025: The Ajax Engineering Share Price will be between ₹456 to ₹780.
- 2026: The target Ajax Engineering Share Price will be between ₹480 to ₹680.
- 2030: The Ajax Engineering Share Price will be between ₹1,525 to ₹1,790.
These depend on the firm’s current position in the market, growth possibility, and overall economic situation. One is reminded to keep in mind that these are only assumptions, and one can have dissimilar results by many factors.
Frequently Asked Questions (FAQs) For Ajax Engineering Share Price
Q1: What is Ajax Engineering’s business?
A1: Ajax Engineering has a business of producing a diverse spectrum of concrete equipment and value chain solutions. Its product categories are self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slipform pavers, and 3D concrete printers.
Q2: When did Ajax Engineering get listed?
A2: Ajax Engineering Initial Public Offering (IPO) was released on February 2025 with equity shares on BSE and NSE from February 17, 2025.
Q3: What is the size of Ajax Engineering Share Price in the Self-Loading Concrete Mixers (SLCMs) business?
A3: Ajax Engineering Share Price has a 77% market share in India’s SLCM business in FY24.
Q4: What are the key drivers of growth for Ajax Engineering Share Price?
A4: Its strong market place, diversification of product lines, wide distribution network, and government’s focus being laid on the infrastructure development of India propel the company’s growth.
Q5: What are the investment risks in Ajax Engineering?
A5: The risks could be the reliance of the company on the growth of infrastructure, thus exposing it to economic downturn, and the requirement of the promoter group to reduce the holding below 75% or dilute its holding to that proportion within the next three years.
Q6: What has been the financial performance of Ajax Engineering Share Price over the past two years?
A6: Operating revenue of the company was doubled over more than two times at ₹1,741.4 crore in FY24 from ₹763.3 crore in FY22. Net profit was boosted to ₹225.1 crore from ₹66.2 crore over the same period.
Q7: What is the manufacturing policy of the company?
A7: Ajax Engineering is an asset-light model with material provided by 546 suppliers. Localization is its prime focus, and imports account for less than 10% of material cost.
Q8: What is the return on capital employed (ROCE) of the company?
A8: Return on capital employed (ROCE) has doubled in more than two to around 33% over the last three years to FY24, showing efficient use of capital along with improved profitability.
Ajax Engineering Limited is a market leader in the manufacturing of concrete machinery, i.e., the business of Self-Loading Concrete Mixer (SLCM). Its healthy financial growth, widespread reach of the market, and synchronization with India’s infrastructure development plan render the company an investment opportunity.
But the investors need to take into account possible risks like economic slowdowns and promoter group stake dilution regulatory policies. According to the market’s estimates, there is considerable upside potential in the stock with a target price of up to ₹1,790 by 2030. Long-term investors interested in India’s expanding infrastructure space can look at Ajax Engineering Share Price as a portfolio strategic holding.
