Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ajax Engineering Ltd
Quarter-by-quarter operating performance
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 399 | 657 | 469 | 301 | 548 | 756 | 467 | 445 | 434 | 758 |
| Expenses + | 333 | 548 | 389 | 262 | 460 | 645 | 405 | 400 | 389 | 643 |
| Operating Profit | 67 | 109 | 80 | 39 | 88 | 111 | 61 | 45 | 44 | 115 |
| OPM % | 17% | 17% | 17% | 13% | 16% | 15% | 13% | 10% | 10% | 15% |
| Other Income + | 9 | 13 | 13 | 11 | 7 | 12 | 13 | 10 | 10 | 13 |
| Interest | 0 | 1 | 0 | 1 | 1 | -2 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Profit before tax | 72 | 119 | 90 | 47 | 92 | 122 | 71 | 53 | 52 | 126 |
| Tax % | 26% | 26% | 25% | 28% | 26% | 26% | 25% | 26% | 26% | 25% |
| Net Profit + | 54 | 88 | 67 | 34 | 68 | 91 | 53 | 39 | 38 | 95 |
| EPS in Rs | 4.71 | 7.72 | 5.86 | 2.97 | 5.96 | 7.95 | 4.62 | 3.42 | 3.34 | 8.30 |
Financials of Ajax Engineering Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 736 | 742 | 763 | 1,151 | 1,741 | 2,074 | 2,103 |
| Expenses + | 603 | 613 | 673 | 980 | 1,465 | 1,756 | 1,837 |
| Operating Profit | 133 | 129 | 91 | 171 | 276 | 318 | 266 |
| OPM % | 18% | 17% | 12% | 15% | 16% | 15% | 13% |
| Other Income + | 7 | 9 | 8 | 21 | 38 | 43 | 46 |
| Interest | 1 | 1 | 0 | 1 | 2 | -1 | 0 |
| Depreciation | 8 | 8 | 8 | 9 | 10 | 11 | 10 |
| Profit before tax | 131 | 129 | 90 | 183 | 302 | 351 | 301 |
| Tax % | 24% | 25% | 27% | 26% | 25% | 26% | 25% |
| Net Profit + | 100 | 97 | 66 | 136 | 225 | 260 | 225 |
| EPS in Rs | 19.68 | 22.73 | 19.68 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 0% | 0% |
Financials of Ajax Engineering Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 11 | 11 | 11 | 11 |
| Reserves | 412 | 509 | 575 | 702 | 907 | 1,146 | 1,381 |
| Borrowings + | 15 | 1 | 7 | 12 | 8 | 2 | 2 |
| Other Liabilities + | 130 | 218 | 150 | 241 | 310 | 324 | 358 |
| Total Liabilities | 560 | 731 | 735 | 967 | 1,236 | 1,482 | 1,752 |
| Fixed Assets + | 0 | 112 | 157 | 167 | 167 | 176 | 182 |
| CWIP | 1 | 1 | 7 | 6 | 17 | 21 | 35 |
| Investments | 201 | 81 | 296 | 495 | 625 | 656 | 952 |
| Other Assets + | 358 | 537 | 274 | 299 | 426 | 630 | 583 |
| Total Assets | 560 | 731 | 735 | 967 | 1,236 | 1,482 | 1,752 |
Financials of Ajax Engineering Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 131 | 72 | 85 | 185 | 207 | 43 | 377 |
| Cash from Investing Activity + | -109 | -7 | -129 | -193 | -116 | -35 | -257 |
| Cash from Financing Activity + | -14 | 0 | -0 | -0 | -25 | -26 | -0 |
| Net Cash Flow | 8 | 65 | -44 | -9 | 66 | -17 | 120 |
| Free Cash Flow | 117 | 36 | 71 | 168 | 185 | 20 | 350 |
| CFO/OP | 120% | 73% | 121% | 136% | 102% | 41% | 171% |
Financials of Ajax Engineering Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 29 | 26 | 24 | 18 | 29 | 31 |
| Inventory Days | 108 | 186 | 115 | 76 | 65 | 62 | 38 |
| Days Payable | 62 | 101 | 39 | 71 | 60 | 54 | 57 |
| Cash Conversion Cycle | 74 | 115 | 102 | 29 | 24 | 37 | 12 |
| Working Capital Days | 38 | 56 | 44 | 10 | 6 | 40 | 161 |
| ROCE % | 27% | 17% | 28% | 37% | 34% | 24% |