AJAXENGG
Ajax Engineering Limited manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally. The company also offers transit mixers, stationary concrete pumps, boom pumps, self-propelled boom pumps, 3D concrete printers, and slip-form pavers, as well as dumpers, planetary mixers, and twin shaft mixers. It serves roadways, waterways, irri… Read more
AJAXENGG (AJAXENGG) - Net Assets
Latest net assets as of September 2025: ₹12.53 Billion INR
Based on the latest financial reports, AJAXENGG (AJAXENGG) has net assets worth ₹12.53 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹14.59 Billion) and total liabilities (₹2.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹12.53 Billion |
| % of Total Assets | 85.83% |
| Annual Growth Rate | 22.62% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.94 |
AJAXENGG - Net Assets Trend (2021–2025)
This chart illustrates how AJAXENGG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AJAXENGG (2021–2025)
The table below shows the annual net assets of AJAXENGG from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹11.57 Billion | +26.06% |
| 2024-03-31 | ₹9.18 Billion | +28.60% |
| 2023-03-31 | ₹7.14 Billion | +23.44% |
| 2022-03-31 | ₹5.78 Billion | +12.97% |
| 2021-03-31 | ₹5.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AJAXENGG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 82.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹13.69 Billion | 118.34% |
| Common Stock | ₹114.41 Million | 0.99% |
| Other Comprehensive Income | ₹-2.24 Billion | -19.33% |
| Total Equity | ₹11.57 Billion | 100.00% |
AJAXENGG Competitors by Market Cap
The table below lists competitors of AJAXENGG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Utechzone Co Ltd
TWO:3455
|
$188.13 Million |
|
Guangzhou Tongda Auto Electric Co Ltd
SHG:603390
|
$188.18 Million |
|
AVENUESAI LTD
NSE:CCAVENUE
|
$188.25 Million |
|
Zhejiang Zhengguang Industrial Co. Ltd.
SHE:301092
|
$188.39 Million |
|
OraSure Technologies Inc
NASDAQ:OSUR
|
$188.12 Million |
|
First Insurance Co Ltd
TW:2852
|
$188.03 Million |
|
Latent View Analytics Limited
NSE:LATENTVIEW
|
$187.98 Million |
|
Sichuan Newsnet Media (Group) Co.Ltd.
SHE:300987
|
$187.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AJAXENGG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,179,590,000 to 11,571,370,000, a change of 2,391,780,000 (26.1%).
- Net income of 2,600,960,000 contributed positively to equity growth.
- Dividend payments of 248,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 44,850,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.60 Billion | +22.48% |
| Dividends Paid | ₹248.40 Million | -2.15% |
| Other Comprehensive Income | ₹44.85 Million | +0.39% |
| Other Changes | ₹-5.63 Million | -0.05% |
| Total Change | ₹- | 26.06% |
Book Value vs Market Value Analysis
This analysis compares AJAXENGG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.87x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.95x to 4.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | ₹44.74 | ₹489.85 | x |
| 2022-03-31 | ₹50.55 | ₹489.85 | x |
| 2023-03-31 | ₹62.39 | ₹489.85 | x |
| 2024-03-31 | ₹79.83 | ₹489.85 | x |
| 2025-03-31 | ₹100.53 | ₹489.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AJAXENGG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.54%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 1.28x
- Recent ROE (22.48%) is above the historical average (19.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 19.03% | 13.13% | 1.01x | 1.43x | ₹462.01 Million |
| 2022 | 11.45% | 8.69% | 1.04x | 1.27x | ₹83.81 Million |
| 2023 | 19.04% | 11.82% | 1.19x | 1.35x | ₹645.24 Million |
| 2024 | 24.53% | 12.93% | 1.41x | 1.35x | ₹1.33 Billion |
| 2025 | 22.48% | 12.54% | 1.40x | 1.28x | ₹1.44 Billion |
Industry Comparison
This section compares AJAXENGG's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $15,256,829,258
- Average return on equity (ROE) among peers: -0.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AJAXENGG (AJAXENGG) | ₹12.53 Billion | 19.03% | 0.17x | $188.12 Million |
| Action Construction Equipment Limited (ACE) | $1.59 Billion | 13.99% | 0.80x | $354.83 Million |
| Ashok Leyland Limited (ASHOKLEY) | $158.45 Billion | 19.61% | 4.16x | $6.67 Billion |
| BAJAJINDEF (BAJAJINDEF) | $-432.00K | 0.00% | 0.00x | $28.89 Million |
| Debock Industries Limited (DIL) | $4.44 Million | 5.54% | 23.39x | $1.74 Million |
| Eimco Elecon (India) Limited (EIMCOELECO) | $898.34 Million | 9.17% | 0.80x | $49.44 Million |
| Escorts Kubota Limited (ESCORTS) | $5.61 Billion | -58.19% | 2.89x | $1.09 Billion |
| HMT Limited (HMT) | $-32.84 Billion | 0.00% | 0.00x | $54.97 Million |
| INDOFARM (INDOFARM) | $3.17 Billion | 4.86% | 1.04x | $19.46 Million |
| Mahindra EPC Irrigation Limited (MAHEPC) | $430.08 Million | 2.21% | 1.09x | $15.84 Million |