Ajax Engineering Ltd vs Welcast Steels Ltd Stock Comparison

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Last Updated on: May 04, 2026

Key Highlights

The Latest Trading Price of Ajax Engineering Ltd is ₹ 515.65 as of 04 May 09:07 . The P/E Ratio of Ajax Engineering Ltd changed from 26.1 on March 2025 to 26.1 on March 2025 . This represents a CAGR of 0.00% over 1 yearsThe P/E Ratio of Welcast Steels Ltd changed from 14.2 on March 2023 to 0 on March 2025 . This represents a CAGR of -100.00% over 3 years The Market Cap of Ajax Engineering Ltd changed from ₹ 6786 crore on March 2025 to ₹ 6786 crore on March 2025 . This represents a CAGR of 0.00% over 1 yearsThe Market Cap of Welcast Steels Ltd changed from ₹ 23.02 crore on March 2021 to ₹ 73.21 crore on March 2025 . This represents a CAGR of 26.04% over 5 years The revenue of Ajax Engineering Ltd for the Dec '25 is ₹ 446.81 crore as compare to the Sep '25 revenue of ₹ 454.9 crore. This represent the decline of -1.78% The revenue of Welcast Steels Ltd for the Dec '25 is ₹ 3.01 crore as compare to the Sep '25 revenue of ₹ 21.01 crore. This represent the decline of -85.67% The ebitda of Ajax Engineering Ltd for the Dec '25 is ₹ 54.66 crore as compare to the Sep '25 ebitda of ₹ 55.35 crore. This represent the decline of -1.25% The ebitda of Welcast Steels Ltd for the Dec '25 is ₹ -2.96 crore as compare to the Sep '25 ebitda of ₹ -3.21 crore. This represent the decline of -7.79% The net profit of Ajax Engineering Ltd changed from ₹ 66.99 crore to ₹ 38.24 crore over 7 quarters. This represents a CAGR of -27.41% The net profit of Welcast Steels Ltd changed from ₹ -0.58 crore to ₹ -3.16 crore over 7 quarters. This represents a CAGR of 163.46% The Dividend Payout of Ajax Engineering Ltd changed from 11.03 % on March 2024 to 0 % on March 2025 . This represents a CAGR of -100.00% over 2 yearsThe Dividend Payout of Welcast Steels Ltd changed from 6.06 % on March 2023 to 0 % on March 2025 . This represents a CAGR of -100.00% over 3 years .

About Ajax Engineering Ltd

Ajax Engineering Limited was incorporated as Ajax Fiori Engineering (India) Private Limited' on July 3, 1992, at Bengaluru, Karnataka, as a Private Limited Company issued by the Registrar of Companies.
Pursuant to Scheme of Arrangement, the Company name got changed from Ajax Fiori Engineering (India) Private Limited' to Ajax Engineering Private Limited' and a fresh Certificate of Incorporation was issued on March 15, 2019 by the RoC. Subsequently, the status of the Company converted to a Public Limited Company and the name got changed to Ajax Engineering Limited' dated September 23, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company is in the business of manufacturing self-loading concrete mixers (SLCMs), concrete batching plants and concrete pumps, being used across various sectors.

About Welcast Steels Ltd

Incorporated in February, 1972, Welcast Steels Ltd (WSL) manufactures and markets a wide range of High Chrome Grinding Media Balls which are used in the process of Crushing/Grinding in the Cement, Mining and Thermal Power Plants.
At present, the Company's manufacturing capacity is 42,000 p.a. of High Chrome Grinding Media Balls. The Company employs alloy-casting process for manufacture of the products, which require designing of alloys in relation to end application.
The casting process is followed by precision heat treatment to develop required end properties.
Therefore, Company can generally be classified as a foundry.
Since the Company's products are used in the cement, mining and thermal power plants, the market prospects are linked with the requirement of these industries. The Indian Cement Industry has been facing excess capacity in the recent past due to sluggish demand.

FAQs for the comparison of Ajax Engineering Ltd and Welcast Steels Ltd

Which company has a larger market capitalization, Ajax Engineering Ltd or Welcast Steels Ltd?

Market cap of Ajax Engineering Ltd is 5,972 Cr while Market cap of Welcast Steels Ltd is 44 Cr

What are the key factors driving the stock performance of Ajax Engineering Ltd and Welcast Steels Ltd?

The stock performance of Ajax Engineering Ltd and Welcast Steels Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Ajax Engineering Ltd and Welcast Steels Ltd?

As of May 4, 2026, the Ajax Engineering Ltd stock price is INR ₹522.05. On the other hand, Welcast Steels Ltd stock price is INR ₹695.05.

How do dividend payouts of Ajax Engineering Ltd and Welcast Steels Ltd compare?

To compare the dividend payouts of Ajax Engineering Ltd and Welcast Steels Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.