Ajax Engineering Limited — PPTs, 02-08-2025: Investor Presentation

**Financial Highlights:**

Q1 FY26 revenue was flat at **₹466.5 Cr**. EBITDA dropped 23% to **₹61.4 Cr**, and PAT fell 21% to **₹52.9 Cr**, with margins compressing. Management cited unseasonal rains, new emission norms, and slower project execution, expecting near-term margin pressure. Non-SLCM volumes grew 25% YoY.

**Strategic Initiatives & Growth Drivers:**

Plans include expanding the non-SLCM portfolio, boosting exports, and exploring inorganic growth. A new fungible facility is set for H2FY26. R&D drives innovation with advanced equipment like Load Cell SLCMs and Self-Propelled Boom Pumps.

**Business Developments:**

Ajax, India's SLCM pioneer (~69% market share) and second-largest concrete equipment maker, offers a comprehensive product range and integrated value chain. Its vast global dealer network supports robust after-sales.

**Market Position & Competitive Advantage:**

Leadership is based on its long history, product quality, and R&D. Lean manufacturing, a diversified customer base, and strong after-sales service enhance its competitive edge.

**Investor Implications:**

Despite Q1 headwinds, management is confident in long-term growth from non-SLCM and international expansion. Investors should monitor margin recovery via efficiency/pricing, as execution will be key for a positive outlook.