# Ajax Engineering share price today (Ajax Engineering Ltd, NSE: AJAXENGG)

> Ajax Engineering share price today: ₹550.10 at the NSE close on 3 November 2026, down 10.3% in a year. Ajax Engineering (NSE: AJAXENGG) is worth ₹6,288 crore, trades at a P/E of 27.3 and has closed between ₹426.05 and ₹671.10 over the past 52 weeks. > Ajax Engineering Ltd's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 29% of past readings. AJAXENGG · Capital Goods - EPC/Cranes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ajax-engineering-ltd

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## Key numbers

- Price: ₹550.10 (−10.3% in a year)
- P/E: 27.3× (lower than 71% of the last 1 year)
- Revenue (Jun 2026): ₹475 Cr (+1.7% on a year ago)
- Profit (Jun 2026): ₹56.0 Cr (+5.7% on a year ago)
- Operating margin: 12.0% (−1.0 points on a year ago)
- ROCE: 24%, FY26
- ROIC: 55.2%, against a 12.0% cost of capital: +43.2 points
- Profit that came in as cash: 88%, last 3 years

The main question: foreign institutions moved −1.9 percentage points over 6 quarters while the business went the other way. ## What is the Ajax Engineering share price today? Ajax Engineering Ltd's share price was ₹550.10 at the close on 3 November 2026. It has been rising for 14 weeks. That is 2.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹426 and ₹671, and at that close it sat 51% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row. Over the last 1 year the share price moved −9% while the NIFTY 500 moved +7%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ajax Engineering this quarter? Two changes stood out: indian funds and insurers (DIIs) raised their stake for 6 quarters in a row and foreign funds (FIIs) cut their stake for 4 quarters in a row. 1. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row From 7.9% to 11.2% of the company by the September 2026 quarter. 2. Foreign funds (FIIs) cut their stake for 4 quarters in a row From 6.5% to 4.1% of the company by the September 2026 quarter. ## What are Ajax Engineering's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Ajax Engineering reported revenue of ₹475 crore, up 1.7% from ₹467 crore a year earlier, and a profit of ₹56.0 crore, up 5.7% from ₹53.0 crore. ### Ajax Engineering results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹475 crore | ₹467 crore | +1.7% |
| Profit | ₹56.0 crore | ₹53.0 crore | +5.7% |
| Earnings per share | ₹4.86 | ₹4.62 | +5.2% |
| Operating margin | 12.0% | 13.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Ajax Engineering's management discussed these results on a call held on 6 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Ajax Engineering share price history? Ajax Engineering closed at ₹550.10 on 3 November 2026, down 10.3% from ₹613.50 a year earlier (31 October 2025). Its highest weekly close since February 2025 was ₹719.30 on 29 August 2025. ### Ajax Engineering share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹550.90 | −0.1% |
| 1 month ago · 1 Oct 2026 | ₹586.40 | −6.2% |
| 6 months ago · 30 Apr 2026 | ₹524.05 | +5.0% |
| 1 year ago · 31 Oct 2025 | ₹613.50 | −10.3% |
| Earliest weekly close in our records · 21 Feb 2025 | ₹603.10 | −8.8% |
| Highest weekly close since February 2025 · 29 Aug 2025 | ₹719.30 | −23.5% |
| Lowest weekly close since February 2025, also the 52-week low · 27 Mar 2026 | ₹426.05 | +29.1% |
| 52-week high (weekly close) · 17 Nov 2025 | ₹671.10 | −18.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (96 weekly closes from 21 February 2025 to 3 November 2026.)

## What is the latest news on Ajax Engineering? 3 Nov 2026: Ajax Engineering closed at ₹550.10, down 0.1% on the week and down 6.2% on the month. 6 Aug 2026: Ajax Engineering held its results call for April to June 2026. Management guided: Nearly 60% of revenue typically falls in H2; Q2 seasonally soft and H2 customer sentiment and demand expected to improve. ### Earlier

- Results for April to June 2026: Revenue up 1.7% and profit up 5.7% on a year earlier. ## What dividend does Ajax Engineering pay? Ajax Engineering has paid no dividend on the NSE since its first NSE close in our records (21 February 2025), the start of the period we checked. Not in its latest year. Ajax Engineering Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 7 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Ajax Engineering management say on the latest results call? On the call for April to June 2026, held on 6 August 2026, Ajax Engineering's management guided: Nearly 60% of revenue typically falls in H2; Q2 seasonally soft and H2 customer sentiment and demand expected to improve. > “A 12.5% margin looks challenging at this point in time from a second-quarter perspective. As we move into the third quarter, and hopefully as volumes improve, some of that will start playing out, and we will return to the corridor of about 12-12.5%.”
> Shubhabrata Saha, on the call for April to June 2026

### What management guided

- Operating margin: Q2 at 12-12.5% described as challenging; Q3 return to 12-12.5% as volumes improve; longer-term 12-15% corridor. - Non-SLCM growth planned at 10-15% on a year earlier from the low base, with H2 better than H1 and B2B efforts contributing over the next 2 or 3 quarters. - Export business expected to grow at a 30% yearly growth or more over the next 3 years through distribution, product availability and additional variants. - Another calibrated price increase to be initiated within the current quarter; timing and quantum depend on the market environment. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/58449/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 6 August 2026.)

## What to watch in Ajax Engineering's next results? When Ajax Engineering reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 operating margin to test management's challenged corridor; check whether fuel and steel pressure, pricing and operating leverage move margins as indicated. - What to check (from the call)
- Q2 operating margin to test management's challenged corridor; check whether fuel and steel pressure, pricing and operating leverage move margins as indicated. - H2 SLCM demand and contractor ordering to improve; check state execution, payments, rainfall and election-linked stimulus. - UDAAN and non-SLCM pipeline conversion after June rains; check dealer activation, pump recovery and large-account wins. - Export scaling and concrete-printer follow-through; check repeat orders across Africa and Southeast Asia without rising country or currency risk. ## Which stock lists is Ajax Engineering on? Ajax Engineering is not on any of our India lists this week. ## Is Ajax Engineering profitable? Ajax Engineering Ltd earned ₹56.0 Cr of net profit in the Jun 2026 quarter, +5.7% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹225 Cr. Over 6 years profit has grown 14.5% a year on average. That is 11.8% of the quarter's revenue. The same quarter a year earlier earned ₹53.0 Cr. For the full year, FY26 profit was ₹225 Cr (−13.5% on the year before). Why profit moved: revenue changed +1.7% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −4.8% and revenue +7.2%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Ajax Engineering make, and is it growing? Ajax Engineering Ltd reported ₹475 Cr of revenue in the Jun 2026 quarter, +1.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 19.1% a year on average. The last full year, FY26, came in at ₹2,103 Cr. The last four reported quarters add to ₹2,112 Cr. FY26 revenue was ₹2,103 Cr, +1.4% on the year before. Recent pace: the last four quarters grew +7.2% on average, against 19.1% a year over the longer run, so this year is growing slower than its own long-run rate. ## How much of every ₹100 of sales does Ajax Engineering keep? Ajax Engineering Ltd's operating margin was 12.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 12.0% and 18.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed +0.4 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Ajax Engineering's profit turning into cash? Over the last 3 years, 88% of Ajax Engineering Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹377 Cr of operating cash against ₹225 Cr of profit. After ₹30.0 Cr of spending on assets, ₹347 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 88% of profit came in as cash: the cash cycle got 103 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building. ## Where does Ajax Engineering's cash go? Ajax Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 12 days in FY26, down from 115 days in FY21. It spent ₹75.0 Cr on assets over the last 3 years. Customers take 31 days to pay, and stock sits for 38 days on average. At FY26 sales of ₹2,103 Cr, each day of that cycle ties up about ₹5.8 Cr, so roughly ₹69.0 Cr is tied up in the business at any time. FY26: customers took 31 days to pay and stock sat for 38 days, about 1.3 months of sales sitting as stock, for a full cycle of 12 days, shorter than FY21's 115. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 38 days. Customers pay about 31 days after that. Suppliers are paid at 57 days. Together that makes the 12-day cycle. Spending on assets: ₹75.0 Cr over the last 3 years, against ₹31.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹35.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ajax Engineering's P/E ratio, and how does it compare with its own history? Ajax Engineering Ltd's P/E is 27.3×, near the low end of its own history: it has been lower only 29% of the time. Its usual P/E (the middle reading) is 28.8×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹19.92. Why the multiple is where it is: over the past year earnings per share moved −13.4% while the price moved −10.3%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Ajax Engineering business getting better or worse? Ajax Engineering Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Ajax Engineering earn on its capital? Ajax Engineering Ltd earned a ROCE of 24% in FY26. That is up from a low of 17% in FY22. Its return on capital used (ROIC) is 43.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.7% net margin and 1.20× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.7% net margin × 1.20× asset turnover × 1.26× leverage (assets divided by equity) ≈ 16.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 55.2% − 12.0% = +43.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 55.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 47.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Ajax Engineering have too much debt? Ajax Engineering Ltd has total debt of ₹2.0 Cr against shareholder equity of ₹1,392 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.01 in FY24 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Ajax Engineering shareholding pattern? Domestic institutions raised their stake in Ajax Engineering Ltd by 3.3 percentage points over 6 quarters, the biggest change among its owners. Domestic institutions now own 11.2% of the company. Foreign institutions moved −1.9 points over the same period, to 4.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.3 points over 6 quarters, to 11.2%; Foreign institutions: −1.9 points over 6 quarters, to 4.1%; Promoters: +0.0 points over 6 quarters, to 80.0%. Why the owners changed: foreign institutions moved −1.9 points and domestic institutions +3.3 points over 6 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Ajax Engineering from balance-sheet trouble? For Ajax Engineering Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ajax Engineering rank in its industry? 47.7 out of 100, rank 3 of 4 in Capital Goods - EPC/Cranes, with 75% of the evidence available. Ajax Engineering Ltd scores 47.7 out of 100 against the 4 companies it is compared with in Capital Goods - EPC/Cranes, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 5.1 + 19.9 + 11.7 + 11 = 47.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ajax Engineering compared with? Ajax Engineering ranks 3 of 4 Capital Goods - EPC/Cranes companies on the 4-Factor Sector Score, with 47.7 out of 100. 1. [Sanghvi Movers Ltd](https://www.sectoralpha.in/stocks/sanghvi-movers-ltd) SANGHVIMOV · quiet · Evidence leans up · 97% evidence 63.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 30.2% · Profit 19.9% · Operating margin change -3 points · 100% evidence Capital efficiency 18.5/25 · ROCE 15.6% · Operating margin 33% · 100% evidence Valuation 14.6/20 · P/E 15.5× · PEG 1.48 · 85% evidence Relative strength 10.8/20 · Lead over its industry 0.6% · Lead over NIFTY 500 7.7% · 1 year -7.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.6 + 18.5 + 14.6 + 10.8 = 63.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Action Construction Equipment Ltd](https://www.sectoralpha.in/stocks/action-construction-equipment-ltd) ACE · losing its lead · Evidence leans up · 82% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 5.2% · Profit 2.8% · Operating margin change 1 points · 100% evidence Capital efficiency 20.7/25 · ROCE 31.6% · Operating margin 15% · 100% evidence Valuation 10.1/20 · P/E 27.1× · PEG 1.71 · 85% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 7.1% · 1 year -9.6% · 25% evidence · 10 of 12 weeks ahead Exact sum: 9.9 + 20.7 + 10.1 + 12.5 = 53.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Ajax Engineering Ltd this page AJAXENGG · quiet · Evidence leans down · 75% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Revenue 1.9% · Profit -7.3% · Operating margin change -1 points · 100% evidence Capital efficiency 19.9/25 · ROCE 23.9% · Operating margin 12% · 100% evidence Valuation 11.7/20 · P/E 26.6× · PEG 1.36 · 50% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 2.1% · 1 year -12.7% · 25% evidence · 6 of 12 weeks ahead Exact sum: 5.1 + 19.9 + 11.7 + 11 = 47.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [TIL Ltd](https://www.sectoralpha.in/stocks/til-ltd) TIL · quiet · Most evidence points down · 71% evidence 30.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 21.3% · Profit -80% · Operating margin change 17.3 points · 74% evidence Capital efficiency 0.4/25 · ROCE 2.9% · Operating margin 6.6% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 1.3/20 · Lead over its industry -13.3% · Lead over NIFTY 500 -5.8% · 1 year -31.4% · 100% evidence · 10 of 12 weeks ahead Exact sum: 18.5 + 0.4 + 10 + 1.3 = 30.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - EPC/Cranes](https://www.sectoralpha.in/sectors/capital-goods-epc-cranes), all 4 compared on one page. ## Which companies are close to Ajax Engineering in size? Ajax Engineering is the 2nd largest of 4 Capital Goods - EPC/Cranes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Action Construction Equipment. Just below it: Sanghvi Movers and TIL. ### Capital Goods - EPC/Cranes companies close in size

1. [Action Construction Equipment Ltd](https://www.sectoralpha.in/stocks/action-construction-equipment-ltd) ₹11,845 crore
2. Ajax Engineering Ltd ₹6,127 crore
3. [Sanghvi Movers Ltd](https://www.sectoralpha.in/stocks/sanghvi-movers-ltd) ₹3,171 crore
4. [TIL Ltd](https://www.sectoralpha.in/stocks/til-ltd) ₹1,667 crore

[All 4 Capital Goods - EPC/Cranes companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-epc-cranes#all-companies)

### Companies close in size in other industries

1. [Le Travenues Technology Ltd](https://www.sectoralpha.in/stocks/le-travenues-technology-ltd) ₹6,138 crore · E-Commerce - Platform - Travel
2. [Equitas Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/equitas-small-finance-bank-ltd) ₹6,131 crore · Banks - Small Finance
3. Ajax Engineering Ltd ₹6,127 crore
4. [Timex Group India Ltd](https://www.sectoralpha.in/stocks/timex-group-india-ltd) ₹6,115 crore · Watches
5. [Dilip Buildcon Ltd](https://www.sectoralpha.in/stocks/dilip-buildcon-ltd) ₹6,105 crore · EPC

## What else do people ask about Ajax Engineering? ### What is Ajax Engineering's share price today? Ajax Engineering Ltd's share price is ₹550.10, −10.3% over the past year. The whole company is worth ₹6,288 Cr on the market. In the last 52 weeks it traded between ₹426 to ₹671; today it is 51% of the way up from the low, 2.8% below its 200-day average (as of 3 November 2026). ### What were Ajax Engineering's latest quarterly results? Ajax Engineering Ltd reported revenue of ₹475 Cr and net profit of ₹56.0 Cr for the Jun 2026 quarter. Revenue rose 1.7% and profit rose 5.7% compared with a year earlier. Earnings per share were ₹4.86. The operating margin was 12.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Ajax Engineering's market cap? Ajax Engineering Ltd's market capitalisation is ₹6,288 Cr at a share price of ₹550.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ajax Engineering performing? Ajax Engineering Ltd's share price has been rising for 14 weeks. In its latest quarter, revenue rose 1.7% and profit rose 5.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Ajax Engineering's share price go up? This page does not forecast Ajax Engineering Ltd's share price. What it shows instead: the share price is ₹550.10, and it has been rising for 14 weeks. Its P/E of 27.3× is higher than 29% of its own last 2 years (as of 3 November 2026). ### Who owns Ajax Engineering? Promoters own 80.0% of Ajax Engineering Ltd, foreign institutions 4.1%, domestic institutions 11.2% and the public 4.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.3 percentage points over 6 quarters (as of 3 November 2026). ### Where is Ajax Engineering in its business cycle? Ajax Engineering Ltd's FY26 operating margin was 13.0%, against a 7-year range of 12.0% to 18.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ajax Engineering story? The main question: foreign institutions moved −1.9 percentage points over 6 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ajax Engineering a stock worth studying right now? What the numbers show: Ajax Engineering Ltd's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 29% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ajax Engineering share price forecast for 2026? What management itself guided: Nearly 60% of revenue typically falls in H2; Q2 seasonally soft and H2 customer sentiment and demand expected to improve. This is research, not advice. We’re not SEBI-registered.