Ajax Engineering (NSE:AJAXENGG) ROCE %: 32.04% (As of Mar. 2026)

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NSE:AJAXENGG Ajax Engineering Ltd NSE:AJAXENGG
32 GF Score
Price ₹599.70
! 1 Warning Sign
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What is Ajax Engineering ROCE %?

Ajax Engineering NSE:AJAXENGG +10.00% 32 ROCE % is 32.04% as of Mar. 2026. GuruFocus rates NSE:AJAXENGG with a GF Score™ of 32/100. The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ajax Engineering's annualized ROCE % for the quarter that ended in Mar. 2026 was 32.04%.

Ajax Engineering  (NSE:AJAXENGG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ajax Engineering ROCE % Related Terms

Ajax Engineering ROCE % Historical Data

* Premium members only.

The historical data trend for Ajax Engineering's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ajax Engineering ROCE % Chart

Ajax Engineering Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
15.55 28.09 36.79 29.28 23.40

Ajax Engineering Quarterly Data
Mar22 Mar23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 36.97 24.30 16.66 16.38 32.04
NSE:AJAXENGG
32GF Score
Ajax Engineering Ltd NSE:AJAXENGG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ajax Engineering ROCE % Calculation

Ajax Engineering's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3015.04/( ( (14824.5 - 3136.84) + (17516.86 - 3435.54) )/ 2 )
=3015.04/( (11687.66+14081.32)/ 2 )
=3015.04/12884.49
=23.40 %

Ajax Engineering's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4511.16/( ( (0 - 0) + (17516.86 - 3435.54) )/ 1 )
=4511.16/( ( 0 + 14081.32 )/ 1 )
=4511.16/14081.32
=32.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 32.04% mean?
Ajax Engineering (NSE:AJAXENGG) has a ROCE % of 32.04% as of Mar. 2026.
Is Ajax Engineering's ROCE % too high?
Ajax Engineering's current ROCE % is 32.04%. The Farm & Heavy Construction Machinery industry median ROCE % is 9.22. Ajax Engineering's value of 32.04% is 247.5% above this industry median. Overall, Ajax Engineering has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Ajax Engineering's ROCE % compare to CAT and DE?
Ajax Engineering's ROCE % of 32.04% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median ROCE % is 9.22. Ajax Engineering's value of 32.04% is 247.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Farm & Heavy Construction Machinery company?
The median ROCE % among Farm & Heavy Construction Machinery companies is 9.22, based on 205 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ajax Engineering's current ROCE % of 32.04% is 247.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Farm & Heavy Construction Machinery industry, the median ROCE % is 9.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajax Engineering's current ROCE % is 32.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Engineering stock overvalued right now?
Ajax Engineering (NSE:AJAXENGG) has a current ROCE % of 32.04%. The current ROCE % is 32.04% and 247.5% above the Farm & Heavy Construction Machinery industry median of 9.22. Ajax Engineering's overall GF Score™ is 32/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ajax Engineering (NSE:AJAXENGG), the current ROCE % is 32.04% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ajax Engineering Business Description

Other Exchanges 544356:India
Address Peenya Industrial Area, No. 253/1, 11th Main, 3rd Phase, Bangalore, KA, IND, 560058
Ajax Engineering Ltd concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain.
32GF Score

Get the complete analysis for NSE:AJAXENGG

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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