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AJAX Engineering Ltd
NSE:AJAXENGG

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AJAX Engineering Ltd
NSE:AJAXENGG
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Price: 524.05 INR -1.72% Market Closed
Market Cap: ₹60B

P/S

2.9
Current
11%
Cheaper
vs 3-y average of 3.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.9
=
Market Cap
₹56.1B
/
Revenue
₹21B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.9
=
Market Cap
₹56.1B
/
Revenue
₹21B

Valuation Scenarios

AJAX Engineering Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (3.2), the stock would be worth ₹586.48 (12% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-8%
Maximum Upside
+12%
Average Upside
7%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.9 ₹524.05
0%
3-Year Average 3.2 ₹586.48
+12%
5-Year Average 3.2 ₹586.48
+12%
Industry Average 3.2 ₹589.48
+12%
Country Average 2.6 ₹480.33
-8%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹56.1B
/
Jan 2026
₹21B
=
2.9
Current
₹56.1B
/
Mar 2026
₹20.8B
=
2.7
Forward
₹56.1B
/
Mar 2027
₹24.7B
=
2.3
Forward
₹56.1B
/
Mar 2028
₹28.3B
=
2
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in India
Percentile
53nd
Based on 2 983 companies
53nd percentile
2.9
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

AJAX Engineering Ltd
Glance View

Market Cap
60B INR
Industry
Machinery

Ajax Engineering Ltd. engages in the manufacture and supply of self-loading mobile concrete mixers, concrete batching plants, and dumper placers. The company is headquartered in Bangalore, Karnataka and currently employs 443 full-time employees. The company went IPO on 2025-02-17. The firm is in the business of manufacturing self-loading concrete mixers, concrete batching plants and concrete pumps, being used across various sectors. The firm has developed a product portfolio that includes equipment such as self-loading concrete mixers (SLCMs) and batching plants to produce concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and three-dimension (3D) concrete printers for depositing concrete. The company also provides spare parts for the equipment and facilitate the provision of after-sales service by dealers. Its products and solutions include Self Loading Concrete Mixer, Batching Plants, Pavers, Transit Mixers, Dumpers, Boom Pumps, and Stationary pumps. Its tunnel dumpers product includes ARGO 2000DM and ARGO 4000DM. Its Pavers products include SPX 745 and SPX 1024.

AJAXENGG Intrinsic Value
526.14 INR
Fairly Valued
Intrinsic Value
Price ₹524.05
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