Ajax Engineering Q1 FY27 Share Price & Earnings Call Analysis

Financials of Ajax Engineering

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Ajax Engineering

Quarterly Results

Quarter-by-quarter operating performance

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +399657469301548756467445434758
Expenses +333548389262460645405400389643
Operating Profit67109803988111614544115
OPM %17%17%17%13%16%15%13%10%10%15%
Other Income +913131171213101013
Interest01011-20000
Depreciation3333333332
Profit before tax72119904792122715352126
Tax %26%26%25%28%26%26%25%26%26%25%
Net Profit +54886734689153393895
EPS in Rs4.717.725.862.975.967.954.623.423.348.30

Financials of Ajax Engineering

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7367427631,1511,7412,0742,103
Expenses +6036136739801,4651,7561,837
Operating Profit13312991171276318266
OPM %18%17%12%15%16%15%13%
Other Income +79821384346
Interest11012-10
Depreciation8889101110
Profit before tax13112990183302351301
Tax %24%25%27%26%25%26%25%
Net Profit +1009766136225260225
EPS in Rs19.6822.7319.68
Dividend Payout %0%0%0%0%11%0%0%

Financials of Ajax Engineering

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital33311111111
Reserves4125095757029071,1461,381
Borrowings +151712822
Other Liabilities +130218150241310324358
Total Liabilities5607317359671,2361,4821,752
Fixed Assets +0112157167167176182
CWIP1176172135
Investments20181296495625656952
Other Assets +358537274299426630583
Total Assets5607317359671,2361,4821,752

Financials of Ajax Engineering

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +131728518520743377
Cash from Investing Activity +-109-7-129-193-116-35-257
Cash from Financing Activity +-140-0-0-25-26-0
Net Cash Flow865-44-966-17120
Free Cash Flow117367116818520350
CFO/OP120%73%121%136%102%41%171%

Financials of Ajax Engineering

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days28292624182931
Inventory Days10818611576656238
Days Payable621013971605457
Cash Conversion Cycle7411510229243712
Working Capital Days38564410640161
ROCE %27%17%28%37%34%24%

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What Ajax Engineering's management said in earlier quarters

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