| Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
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The Captial Market (CapitalMarket.com) rating for Ajax Engineering IPO is 47. Their analysis recommends May Subscribe for the IPO.
| Reviewer | Rating Score | Rating |
|---|---|---|
| Capital Market | 47 | May Subscribe |
[Dilip Davda] AEL is a leader in SLCM machinery that are widely used in infra developments. The company enjoys 75+% in the SLCM market share and thus has virtual monopoly like situation. The company posted steady growth in its top and bottom lines for the reported periods amidst elections. As per historical data, it gets around 35+% turnover in first half and 60+% in the 2nd half. Based on its recent financial performance, the issue appears reasonably priced against the peers’ average. Investors may lap it up for medium to long term. Read detail review...
Ajax Engineering Limited peer comparison with similar listed entities. (As on March 28, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ajax Engineering Limited | 19.68 | 19.68 | 80.24 | 31.96 | 19.39 | 7.86 | |
| Action Construction Equipment Ltd. | 27.56 | 27.56 | 103.42 | 46.13 | 26.65 | 11.22 | Consolidated |
| Beml Ltd. | 67.66 | 67.66 | 640.55 | 54.24 | 10.56 | 4.97 | Consolidated |
| Escorts Kubota Limited | 96.8 | 96.64 | 780.83 | 35.73 | 11.44 | 3.56 | Consolidated |
Notes:
Source: All the financial information for the listed industry peer mentioned above is consolidated and is sourced from the company's annual report for the year ended March 31, 2024. (
Basic/diluted earnings per share refers to the basic/diluted earnings per share sourced from the financial statements of the respective peer group companies for the financial year ended March 31, 2024.
Net Asset Value per share represents net worth at the end of the year divided by the weighted average number of shares outstanding during the year
The P/E Ratio has been computed based on the closing market price of equity shares on BSE on February 1, 2025, divided by the Diluted EPS.
The P/B Ratio has been computed based on the closing market price of equity shares on BSE on February 1, 2025, divided by NAV on March 31, 2024.
Return on Net Worth (%) = RoNW is computed as net profit after tax divided by total net worth at the end of each year.
Ajax Engineering IPO Reviews, analysis and views by popular members. Read Ajax Engineering Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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| Count | 0 | 0 | 0 | 0 |
| % | 0.00 | 0.00 | 0.00 | 0.00 |
| Member | Review |
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| No recommendation found. Be the first to post the recommendation. | |
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