Slide 1: Regulatory cover letter to stock exchanges
REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly known as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www
Slide 2: Ajax Engineering Limited Investor Presentation August 2026
Ajax Engineering Limited BUILDING INDIA WITH NEXT-GEN 360° CONCRETE SOLUTIONS Investor Presentation August 2026
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ajax Engineering Limited (the “Company” / “Ajax”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Q1 FY27 Performance
Q1 FY27 Performance
Slide 5: Financial Highlights – Q1 FY27
Financial Highlights – Q1 FY27 Revenue (₹ mn) EBITDA (₹ mn) PAT (₹ mn) +1.7% -3.7% +5.2% Key Highlights – Q1 FY27 4,665 4,746 614 591 529 556 • Revenue for Q1 FY27 stood at ₹ 4,746 mn, growing marginally over Q1 FY26. Growth was supported by price hikes and a favourable change in product mix. Q1 FY2
Slide 6: Segment-wise Revenue
Financial Highlights – Q1 FY27 SLCM Non-SLCM Spares & Services Segment-wise Revenue +0.8% +6.4% +6.2% 3,848 3,877 477 392 (₹ mn) 448 369 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 SLCM Volumes (#) Key Highlights – Q1 FY27 -1.0% • Increased SLCM retail market share to 75.1% for Q1 FY27, compared
Slide 7: Performance Summary and Outlook
Performance Summary and Outlook Reflecting on the Q1 FY27 performance, Mr. Shubhabrata Saha, Managing Director & Chief Executive Officer, said: “While India’s infrastructure sector continues to hold strong long-term growth potential, the industry has been facing persistent short-term headwinds. The
Slide 8: Profit & Loss Statement – Q1 FY27
Profit & Loss Statement – Q1 FY27 Profit & Loss Statement (₹ mn) Q1 FY27 Q1 FY26 Y-o-Y - SLCM Revenue 3,877 3,848 0.8% - Non-SLCM Revenue 477 448 6.4% - Spares & Services Revenue 392 369 6.2% Total Revenue from Operations 4,746 4,665 1.7% Cost of Goods Sold 3,503 3,460 Gross Profit 1,243 1,205 3.2%
Slide 9: Recap of FY26
Recap of FY26
Slide 10: Industry and Macroeconomic Factors in FY26
Industry and Macroeconomic Factors in FY26 Industry Headwinds during FY26 Government spending Pace of project execution Cash disbursement to remained below budgeted remained slow contractors was delayed allocation Ajax’s Performance Highlights in FY26 Market Price Successful Emission Financial Leade
Slide 11: FY26 – Financial Highlights
FY26 – Financial Highlights SLCM Revenue Non-SLCM Revenue Spares & Services Revenue Total Revenue ₹ 17,575 mn ₹ 1,934 mn ₹ 1,517 mn ₹ 21,025 mn (Stable Y-o-Y) (+6.6% Y-o-Y) (+8.7% Y-o-Y) (+1.4% Y-o-Y) Gross Margin EBITDA EBITDA Margin PAT 25.3% ₹ 2,658 mn 12.6% ₹ 2,251 mn (-180 bps Y-o-Y) (-16.4% Y-
Slide 12: About Ajax Engineering
About Ajax Engineering
Slide 13: About Ajax Engineering
About Ajax Engineering One of India’s leading Concrete Equipment manufacturing companies Diversified 75% Market Share Innovation and Product Basket in SLCMs Technology Pioneer of Self Loading First Indian company to Catering to production, Concrete Mixer (SLCM) in develop and supply Slip- transporta
Slide 14: Comprehensive Product Portfolio
Comprehensive Product Portfolio Production Transportation Placement Comprehensive Product Portfolio SLCM | Batching Plant Transit Mixer Self-Propelled Boom Pump Paving Printing Roadways Slip-Form Paver 3D Concrete Printer Waterways Renewable Energy Serving Diverse Use Cases Airports Railways Industr
Slide 15: Market Leadership in SLCM segment
Market Leadership in SLCM segment Pioneered SLCMs in India in 1992 75.1% Retail Market Share in Q1 FY27 33+ years of proven performance across different terrains and use cases Machines continuously refined through customer feedback to ARGO Series meet diverse operational needs Consistency in quality
Slide 16: Growing Non-SLCM Presence
Growing Non-SLCM Presence 18% Revenue CAGR over FY22-26; Focussing on Pumps and Batching Plants Batching Plants Concrete Pumps Boom Pumps Produce 20 to 120 cubic metres Volumes have grown at 16% CAGR Place concrete up to height of 44 mts. of concrete per 20 mins over FY22-26 45% Volume CAGR over FY2
Slide 17: Considerable Opportunity in Spares & Services Business
Considerable Opportunity in Spares & Services Business 13,000+ ~8-10 years ~₹ 0.8-1.0 lakh 71 SLCMs sold in last 5 Average Useful Life Annual expense per Personnel dedicated to years (FY 22-26) machine on After-Sale Services Maintenance and spares maintenance, spares and SLCM Volume CAGR of requirem
Slide 18: Our Innovations Track Record
Our Innovations Track Record Only Indian company to develop a Self-Loading Concrete Mixer Udaan (Entry-level SLCM) Slip-Form Paver entirely in-house (SLCM) with in 2019 Load Cell Technology ✓ Bridging the gap between Manual and Mechanised Mixers. ✓ 0.8 cubic metre capacity, ideal for ✓ Ensures quali
Slide 19: R&D-driven Products Address Diverse Customer Requirements
R&D-driven Products Address Diverse Customer Requirements Key Features Across Select Product Categories SLCMs Batching Plants Boom Pumps Slip Form Pavers Load Cell Weighing SCADA-based Oscillation Correction System Control Panel Hoppers and S-valves Beams Concrete Batch Planetary Reversible Pre-Prog
Slide 20: Driving Innovation and Skills for tomorrow
Driving Innovation and Skills for tomorrow Ajax School of Concrete Dedicated R&D and Training Facility Specialised research in innovative concrete technologies, including cost-effective and efficient 3D concrete printing solutions Developing optimal concrete mixes tailored for high- performance extr
Slide 21: Tech-led Assembling and Manufacturing Facilities
Tech-led Assembling and Manufacturing Facilities Obadenahalli Bashettihalli ISO 9001:2015 certified ISO 9001:2015 certified Area: 19,340 sq. mts. Area: 39,660 sq. mts. Products (Capacity in #*): Products (Capacity in #*): SLCM (180) SLCM (7,200) Concrete Pump (180) Boom Pump (60) Amongst world’s lar
Slide 22: Strong Market Reach with the Widest Dealer Network
Strong Market Reach with the Widest Dealer Network Widest Pan-India Dealer Network in the Industry All Dealers are Exclusive to Ajax in the Concrete Equipment Market 26 22 Dealers with States across >5 years of India relationship 68 Dealers 71 + Employees 64 dedicated to After-Sale Service Support C
Slide 23: Long Standing Diverse Customer Base
Long Standing Diverse Customer Base Serving Diverse Range of End Customers Individual Small and Mid-sized Rental Large Construction Govt. Construction Contractors Contracting Firms Companies Companies Agencies Customer Base grew at 20% CAGR (in ‘000s) ✓ No customer concentration risk 23 +20% 21 ✓ Lo
Slide 24: Core Ethos and Growth Strategies
Core Ethos and Growth Strategies Maintain focus on designing & Consolidate and maintain engineering and quality leadership position in SLCM control functions segment Core Ethos Use of JIT, Andon, etc. to maintain & Strengthen presence in Non-SLCM segment, with focus on product lean assembling & manu
Slide 25: Financial Prudence & Discipline with Strong Return Ratios Track Record
Financial Prudence & Discipline with Strong Return Ratios Track Record OCF to EBITDA (1) Net Working Capital Days (2) Cash Position (₹ Mn) (3) 141.9% 93 11,208 108.2% 93.6% 6,947 7,224 75.3% 49 5,020 31 3,161 24 21 13.4% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Retu
Slide 26: Management Team
Management Team
Slide 27: Experienced Board of Directors
Experienced Board of Directors Krishnaswamy Vijay Sachin Nandgaonkar Executive Chairman & Nominee Director Whole Time Director Accenture | Boston Consulting Tractors Engineer | Larsen & Group | RPG Group Toubro Jayashree Sadagopan Independent Director D. A. Prasanna Sun Pharma | Coromandel | PI Inde
Slide 28: Professional Management Team
Professional Management Team Shubhabrata Saha Ketan Pendse Managing Director & Chief Financial Officer Chief Executive Officer TKIL Industries, Dow Corning Mahindra & Mahindra | Mangalore Chemicals & Fertilizers Anshul Joshi Joseph Peeris Shruti Shetty Chief Planning & Strategy Officer Chief People
Slide 29: Industry Overview and Outlook
Industry Overview and Outlook
Slide 30: Cement and Concrete critical to India’s development
Cement and Concrete critical to India’s development Cement Consumption in India Per Capita Cement Consumption in CY23 (kg) (mn tons p.a.) +8% 595 470-520 405 325 260 India’s Mechanised Concrete Equipment Industry expected to grow at 24% over FY24-29E FY19 FY24 FY29E India Global Average (₹ Bn) From
Slide 31: Mechanized Concrete Equipment expected to outperform Manual Mixers
Mechanized Concrete Equipment expected to outperform Manual Mixers Mechanized Concrete Equipment is projected to outperform Manual Mixers with penetration increasing to ~41% of domestic concrete consumption and ~28% of concrete equipment sales volume by FY29. 1,083 1,351 1,985 CAGR CAGR 1,07,613 1,4
Slide 32: Historical Financial Performance
Historical Financial Performance
Slide 33: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations (₹ mn) EBITDA (₹ mn) PAT (₹ mn) +29% +31% +36% 20,739 21,025 3,181 2,601 17,414 2,755 2,658 2,251 2,251 11,511 1,707 1,359 7,633 905 662 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Gross Margin (%) EBITDA Margin (
Slide 34: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (₹ mn) FY26 FY25 FY24 FY23 FY22 CAGR (FY22-26) Revenue from Operations - SLCM 17,575 17,532 14,825 9,562 5,911 31% - Non-SLCM 1,934 1,813 1,541 1,079 995 18% - Spares & Services 1,517 1,395 1,048 871 727 20% Total Revenue from Operations 21,
Slide 35: Historical Balance Sheet
Historical Balance Sheet ASSETS (₹ mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 EQUITY AND LIABILITIES (₹ mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets Equity - Property, Plant and Equipment 1,324 1,258 1,157 1,142 1,050 - Equity Share Capital 114 114 114 114 29 - Capital Work-in-Progress 350
Slide 36: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Cash Flow Statement (₹ mn) FY26 FY25 FY24 FY23 FY22 Profit/(Loss) Before Tax 3,012 3,509 3,019 1,829 904 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) (46) (68) (85) 30 96 Operating Profit / (Loss) Before Working Capital Changes 2,966 3,441
Slide 37: Thank You
Thank You Company: Ajax Engineering Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.sgapl.net CIN: L28245KA1992PLC013306 www.sgapl.net ` CIN: U74140MH2010PTC204285 Ms. Shruti Shetty – Company Secretary & Compliance Officer Mr. Sagar Shroff / Mr. Tanay Shah Email: complianceoffice