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AJAX ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of AJAX ENGINEERING is 30.08.

Share Price ₹592.1Aug 03,2026
Market Cap ₹6,773.1 Cr
Earnings-TTM₹225.1 CrTTM-Standalone Results
Price/Earnings30.08xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AJAX ENGINEERING

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of AJAX ENGINEERING is calculated as :

Current Market Cap [ ₹6,773.1 Cr] as on Aug 03,2026

(/) Earnings [ ₹225.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 30.08x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for AJAX ENGINEERING , the investors are currently willing to pay 30.08 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of AJAX ENGINEERING !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of AJAX ENGINEERING over the last five years.

Historical PE (Price/Earnings) ratio chart of AJAX ENGINEERING


PE Ratio Performance Analysis for AJAX ENGINEERING

- AJAX ENGINEERING 's latest p/e ratio is 30.08x.

- AJAX ENGINEERING 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 5.22x.

- AJAX ENGINEERING 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AJAX ENGINEERING 's p/e ratio peaked in Mar2025 at 26.09x.

- AJAX ENGINEERING 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does AJAX ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
AJAX ENGINEERING 225.1530.086,773.1
BHARAT HEAVY ELECTRICALS LTD2,373.6359.79141,929.0
THERMAX LTD590.8383.1549,128.1
KIRLOSKAR OIL ENGINES LTD557.7257.7632,211.5
TRIVENI TURBINE LTD350.7055.3919,426.6
JYOTI CNC AUTOMATION LTD336.0058.0819,515.2
INOX INDIA LTD257.8967.2917,353.1
AZAD ENGINEERING LTD133.56111.4314,882.9
TEGA INDUSTRIES LTD136.5887.1811,907.0
ELECON ENGINEERING COMPANY LTD236.0640.769,622.3
KRN HEAT EXCHANGER AND REFRIGERATION LTD76.47103.577,919.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs AJAX ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 30.08x
Max industry PE 111.43x
Median industry PE 59.79x
Average industry PE 68.59x



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