Ajax Engineering ipo Share Price Target Tomorrow, 2025, 2030, 2040, 2050
Ajax Engineering is a company that makes equipment for construction and industrial work. It offers a variety of products and services, including paving machines and 3D concrete printers. Its equipment is used in many different projects, such as building roads, railways, bridges, tunnels, and flyovers. Its products are also used in irrigation projects, like reservoirs and canals, and in the construction of airports, power plants, factories, and oil and gas terminals.
What is Ajax Engineering Ltd IPO?
Contents
- 1 What is Ajax Engineering Ltd IPO?
- 2 Ajax Engineering IPO Details
- 3 Ajax Engineering share price Target Tomorrow
- 4 Ajax Engineering share price Target 2025
- 5 Ajax Engineering share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 Ajax Engineering share price Target 2030
- 10 Share price Target 2040
- 11 Share price Target 2050
- 12 Should I buy Ajax Engineering stock?
- 13 Ajax Engineering earning results (Financials)
- 14 Is Ajax Engineering stock good to buy? (Bull case & bear case)
- 15 Ajax Engineering IPO Promoter Holding
- 16 Objects of the Issue (Ajax Engineering IPO Objectives)
- 17 Ajax Engineering IPO GMP
- 18 Conclusion
- 19 FAQs
Ajax Engineering was established in 1993 in Karnataka. It is a well-known company that manufactures equipment for the construction and industrial sectors. It is especially recognized for its concrete equipment, such as concrete mixers and batching plants. The Agarwal family owns the company and is famous for creating reliable, high-quality machinery for building projects. With its focus on innovation, this company has earned a strong reputation in the construction industry both in India and internationally.
Ajax Engineering IPO Details
| IPO Date | February 10, 2025 to February 12, 2025 |
| Listing Date | — |
| Face Value | ₹1 per share |
| Price Band | ₹599 to ₹629 per share |
| Lot Size | 23 Shares |
| Minimum Investment | ₹13,777 |
| Total Issue Size | 2,01,80,446 shares |
| Offer for Sale | 2,01,80,446 shares of ₹1 |
| Share Holding Pre-Issue | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,44,06,800 shares |
| Share Holding Post Issue | 11,44,06,800 shares |
It is a top company in the concrete equipment industry, offering many products for different construction and infrastructure projects. The company’s continuous growth in sales and profits has allowed it to keep improving and providing excellent service to customers across India. Thus, these factors provide you with good returns in the upcoming days.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 580 | 693 |
The company makes different types of equipment and sold thousands of units in India over the years. Its design and development team helps create new products. It has factories in Karnataka and a strong network of dealerships and service centres across India. The company has also expanded to areas like South and Southeast Asia, the Middle East, and Africa. So, in 2025, its share price target would be ₹800 as per our prediction.
Its share price would be between ₹530 to ₹800 in 2025, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 530 | 800 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | — | — |
| February | 580 | 693 |
| March | 530 | 590 |
| April | 548 | 578 |
| May | 560 | 590 |
| June | 578 | 610 |
| July | 586 | 627 |
| August | 601 | 646 |
| September | 638 | 680 |
| October | 654 | 764 |
| November | 728 | 778 |
| December | 756 | 800 |
It is a top company in the growing market for self-loading concrete mixers and provides a variety of concrete equipment and services. The company has strong skills in design, development, and engineering, using modern technology in its manufacturing processes and working with trusted suppliers. With a large network of dealers and a wide distribution system, It has built a diverse customer base and long-term relationships in the concrete equipment industry. In 2026, its share price target would be ₹1076 as per our analysis.
By our prediction, its share price would be between ₹670 to ₹1076 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 670 | 1076 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 756 | 818 |
| February | 710 | 748 |
| March | 670 | 700 |
| April | 687 | 723 |
| May | 700 | 748 |
| June | 738 | 760 |
| July | 751 | 776 |
| August | 760 | 798 |
| September | 789 | 846 |
| October | 828 | 945 |
| November | 927 | 974 |
| December | 946 | 1076 |
It is a leading company in self-loading concrete mixer machinery, which is used a lot in building infrastructure. The company controls a large part of the self-loading concrete mixers market, almost creating a monopoly. It has shown continuous growth in both sales and profits, even during election years. In the past, the company earns most of its money in the second half of the year. Based on its recent performance, the company seems fairly priced compared to others which makes it a good choice for investors looking for medium to long-term investment. In 2027, its share price target would be ₹1239 as per our analysis.
By our prediction, its share price would be between ₹832 to ₹1239 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 832 | 1239 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 946 | 1087 |
| February | 921 | 964 |
| March | 887 | 905 |
| April | 865 | 881 |
| May | 832 | 930 |
| June | 868 | 948 |
| July | 890 | 967 |
| August | 930 | 982 |
| September | 956 | 1045 |
| October | 978 | 1067 |
| November | 1028 | 1178 |
| December | 1130 | 1239 |
Since it is more than 30 years company, it has developed a wide range of concrete equipment for different stages of the construction process. Their products include self-loading concrete mixers (SLCMs) and batching plants to make construction, transit mixers to move it, boom pumps, concrete pumps, and self-propelled boom pumps to place it, slip-form pavers for paving concrete, and 3D concrete printers to lay down concrete. Over the years, the company has sold thousands of units in India and continues to expand its products. So in 2028, its share price target would be ₹1490 as per our analysis.
By our prediction, its share price would be between ₹1017 to ₹1490 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1017 | 1490 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1130 | 1252 |
| February | 1078 | 1090 |
| March | 1043 | 1068 |
| April | 1017 | 1056 |
| May | 1043 | 1087 |
| June | 1064 | 1132 |
| July | 1090 | 1168 |
| August | 1128 | 1192 |
| September | 1174 | 1237 |
| October | 1208 | 1287 |
| November | 1270 | 1378 |
| December | 1350 | 1490 |
SLCMs are machines that mix and carry concrete ingredients and allow concrete to be made directly at the construction site. They have special features like self-loading arms with a bucket to move the ingredients smoothly and reduce spillage, and batch controllers to measure the ingredients accurately for good-quality concrete. SLCMs are becoming more popular, with a large amount of concrete in India being made using these machines. Their sales have been growing quickly, showing how in-demand and successful SLCMs are in the construction industry. So in 2029, its share price would be ₹1764 as per our analysis.
By our prediction, its share price would be between ₹1231 to ₹1764 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1231 | 1764 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1350 | 1501 |
| February | 1276 | 1290 |
| March | 1251 | 1278 |
| April | 1231 | 1267 |
| May | 1245 | 1297 |
| June | 1267 | 1325 |
| July | 1294 | 1365 |
| August | 1330 | 1383 |
| September | 1356 | 1453 |
| October | 1410 | 1575 |
| November | 1535 | 1680 |
| December | 1646 | 1764 |
A lot of concrete in India is made using their SLCMs. The company doesn’t just sell equipment but also supports its customers. They provide spare parts and make sure customers get after-sales support through their dealers. This helps keep the equipment working well for a long time. Their strong product and after-sell services attract so many investors. In 2030, its share price target would be ₹1965 as per our analysis.
According to our analysis, its share price would be between ₹1478 to ₹1965 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1478 | 1965 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1646 | 1782 |
| February | 1600 | 1628 |
| March | 1567 | 1580 |
| April | 1520 | 1556 |
| May | 1478 | 1521 |
| June | 1507 | 1565 |
| July | 1528 | 1658 |
| August | 1610 | 1737 |
| September | 1675 | 1765 |
| October | 1730 | 1837 |
| November | 1780 | 1880 |
| December | 1846 | 1965 |
It has shown strong financial growth in recent years, with more income and profits. The company pretended to perform better in the second half of the year, earning more during that time. Its earnings per share and return on net worth show healthy results. The company’s value seems fair compared to others, due to its strong market share and good financial track record. With better profit margins and returns, this company is in a good position for future growth. In 2040, its share price target would be ₹4568 as per our analysis.
In 2050, its share price would be between ₹3941 to ₹4568, as per our prediction.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 3941 | 4568 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3941 | 3978 |
| February | 3956 | 4028 |
| March | 3980 | 4068 |
| April | 4021 | 4093 |
| May | 4058 | 4123 |
| June | 4090 | 4167 |
| July | 4125 | 4190 |
| August | 4154 | 4264 |
| September | 4210 | 4334 |
| October | 4290 | 4380 |
| November | 4328 | 4487 |
| December | 4445 | 4568 |
As we know it manufactures a wide variety of concrete equipment and provides services throughout the entire process of concrete production. Over the years, the company has developed many different types of equipment and sold thousands of products. The company operates several specialized factories in Karnataka, each focused on making specific products, which helps it meet the growing demand for concrete equipment. With its strong team and facilities, It is well-positioned for continued success and growth in the future. So in 2050, its share price target would be ₹8687 as per our analysis.
By our prediction, its share price would be between ₹8145 to ₹8687 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 8145 | 8687 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 8145 | 8190 |
| February | 8165 | 8257 |
| March | 8210 | 8289 |
| April | 8256 | 8354 |
| May | 8290 | 8391 |
| June | 8346 | 8420 |
| July | 8375 | 8445 |
| August | 8410 | 8532 |
| September | 8456 | 8578 |
| October | 8530 | 8630 |
| November | 8600 | 8658 |
| December | 8630 | 8687 |
Should I buy Ajax Engineering stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 670 | 1076 |
| 2026 | 670 | 1076 |
| 2027 | 832 | 1239 |
| 2028 | 1017 | 1490 |
| 2029 | 1231 | 1764 |
| 2030 | 1478 | 1965 |
| 2040 | 3941 | 4568 |
| 2050 | 8145 | 8687 |
It seems like a good investment for the long term. The company is a top competitor in the concrete equipment market, with continuous growth in sales and profits. It has good customer support and is expanding internationally. With a reasonable stock price and a strong position in the market, it could be a good choice for investors.
Ajax Engineering earning results (Financials)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 736 | 742 | 763 | 1,151 | 1,741 |
| Expenses + | 603 | 615 | 673 | 980 | 1,465 |
| Operating Profit | 133 | 127 | 91 | 171 | 276 |
| OPM % | 18% | 17% | 12% | 15% | 16% |
| Other Income + | 7 | 13 | 8 | 21 | 38 |
| Interest | 1 | 1 | 0 | 1 | 2 |
| Depreciation | 8 | 8 | 8 | 9 | 10 |
| Profit before tax | 131 | 131 | 90 | 183 | 302 |
| Tax % | 24% | 26% | 27% | 26% | 25% |
| Net Profit + | 100 | 97 | 66 | 136 | 225 |
| EPS in Rs | — | — | — | — | — |
| Dividend Payout % | -0% | -0% | -0% | -0% | 11% |
Is Ajax Engineering stock good to buy? (Bull case & bear case)
Bull Case:
- The company has shown positive revenue and profit growth over the years.
- It offers various concrete equipment for multiple construction projects, providing growth opportunities.
- It is growing its presence internationally, which could boost future growth.
- Solid earnings and profitability make it a good choice for long-term investors.
- Reduced much debt of the company.
Bear Case:
- It faces competition that could impact its market share.
- India Dependency: The company relies heavily on the Indian market, and issues there could affect growth.
Ajax Engineering IPO Promoter Holding
The Promoters of the company are Krishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay, Madhuri Vijay, Prashanth Vijay, Rachel Rekha Hansen, Savitha Christeena Alexander, Sean Alexander, Green Haven Trust, Ohana Trust, Jacob Hansen Family Trust and The Johns Loaves Trust.
| Share Holding Pre Issue | 93.50% |
| Share Holding Post Issue | — |
Objects of the Issue (Ajax Engineering IPO Objectives)
- It will improve the company’s financial position by paying off debt and investing in growth.
- It will increase production capacity and upgrade facilities.
- To invest in research and development of new products and technologies.
- To make investments that support long-term growth and market expansion.
Ajax Engineering IPO GMP
| Date | IPO GMP | Kostak | Subject to |
| 8 February | ₹50 | ₹- | ₹500 |
| 7 February | ₹60 | ₹- | ₹500 |
| 6 February | ₹60 | ₹- | ₹500 |
| 5 February | ₹45 | ₹- | ₹500 |
| 4 February | ₹- | ₹- | ₹- |
Conclusion
It is a well-known company in the concrete equipment industry, showing steady growth in sales and profits. It has a strong position in both Indian and international markets. With solid financial performance and a wide range of products, it looks like a good choice for long-term investors. In this article we have discussed important details, so for a better overview read the whole article.
