Azad Engineering Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.3x)
Concerns
- Premium to sector peers (P/E 129x vs industry 48.4x)
- High premium to book value (P/B 8.7x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
AZAD · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 65.90% | 65.90% | 65.90% | 65.90% | 60.32% | 55.42% |
| FII | 6.98% | 9.69% | 9.74% | 9.98% | 14.23% | 16.16% |
| DII | 5.00% | 3.44% | 5.74% | 6.57% | 8.23% | 8.91% |
| Public | 22.13% | 20.98% | 18.61% | 17.56% | 17.21% | 19.53% |
Corporate Events
To consider and approve the Unaudited Standalone and Consolidated financial results for the quarter ended Jun 30, 2026.
Latest News
All newsAzad Engineering shares unchanged post-earnings call transcript release
*Azad Engineering shares remained stable after the release of the earnings call transcript.* The company did not announce any new financial updates or guidance. The transcript reflects discussions held on **August 08, 2026**, with analysts and institutional investors. No material deviations from previous statements were noted. 📊 *STOCKS:* $AZAD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Earnings
Azad Engineering to host earnings conference call
*Azad Engineering to host earnings conference call.* The company has informed investors about an upcoming analyst and institutional investor meet. This call is part of the post-results dissemination process to provide operational and financial updates. Such events help clarify guidance and strategic focus. 📊 *STOCKS:* $AZADENGINE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Earnings
Azad Engineering to host analyst, investor meet
*Azad Engineering to host analyst and institutional investor meet.* The event aims to provide updates on company performance and strategy. **No financial figures or major announcements** were disclosed in the filing. Details of schedule and agenda included. 📊 *STOCKS:* AZAD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹162 Cr 1.9% | ₹159 Cr 8.9% | ₹146 Cr 6.6% | ₹137 Cr 7.9% | ₹127 Cr 5.8% | ₹120 Cr 7.1% | ₹112 Cr 14.3% | ₹98 Cr |
| Op. Profit | ₹61 Cr 1.6% | ₹62 Cr 17.0% | ₹53 Cr 8.2% | ₹49 Cr 6.5% | ₹46 Cr 7.0% | ₹43 Cr 7.5% | ₹40 Cr 21.2% | ₹33 Cr |
| OPM | 38.0% 2.6% | 39.0% 8.3% | 36.0% 0.0% | 36.0% 0.0% | 36.0% 0.0% | 36.0% 0.0% | 36.0% 5.9% | 34.0% |
| Net Profit | ₹37 Cr 5.7% | ₹35 Cr 6.1% | ₹33 Cr 13.8% | ₹29 Cr 16.0% | ₹25 Cr 4.2% | ₹24 Cr 14.3% | ₹21 Cr 23.5% | ₹17 Cr |
| EPS (₹) | 5.57 4.3% | 5.34 5.3% | 5.07 10.2% | 4.6 17.6% | 3.91 3.5% | 4.05 14.1% | 3.55 22.4% | 2.9 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue | ₹603 Cr 31.9% | ₹457 Cr 34.0% | ₹341 Cr 35.3% | ₹252 Cr 29.9% | ₹194 Cr 57.7% | ₹123 Cr |
| Expenses | ₹378 Cr 27.7% | ₹296 Cr 32.1% | ₹224 Cr 25.1% | ₹179 Cr 35.6% | ₹132 Cr 38.9% | ₹95 Cr |
| Op. Profit | ₹225 Cr 39.8% | ₹161 Cr 37.6% | ₹117 Cr 62.5% | ₹72 Cr 16.1% | ₹62 Cr 121.4% | ₹28 Cr |
| OPM | 37.0% 5.7% | 35.0% 2.9% | 34.0% 17.2% | 29.0% 9.4% | 32.0% 39.1% | 23.0% |
| Other Income | ₹46 Cr 318.2% | ₹11 Cr 65.6% | ₹32 Cr 220.0% | ₹10 Cr 100.0% | ₹5 Cr 150.0% | ₹2 Cr |
| Interest | ₹31 Cr 72.2% | ₹18 Cr 61.7% | ₹47 Cr 9.6% | ₹52 Cr 271.4% | ₹14 Cr 180.0% | ₹5 Cr |
| Depreciation | ₹53 Cr 82.8% | ₹29 Cr 38.1% | ₹21 Cr 23.5% | ₹17 Cr 30.8% | ₹13 Cr 44.4% | ₹9 Cr |
| PBT | ₹187 Cr 50.8% | ₹124 Cr 53.1% | ₹81 Cr 523.1% | ₹13 Cr 67.5% | ₹40 Cr 150.0% | ₹16 Cr |
| Tax % | 29.0% 3.3% | 30.0% 11.1% | 27.0% 25.0% | 36.0% 33.3% | 27.0% 6.9% | 29.0% |
| Net Profit | ₹134 Cr 54.0% | ₹87 Cr 47.5% | ₹59 Cr 637.5% | ₹8 Cr 72.4% | ₹29 Cr 141.7% | ₹12 Cr |
| EPS (₹) | 20.58 52.2% | 13.52 36.4% | 9.91 80.7% | 51.28 73.7% | 194.69 156.2% | 76 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Liabilities | ||||||
| Equity Capital | ₹13 Cr 0.0% | ₹13 Cr 8.3% | ₹12 Cr 500.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Reserves | ₹1.5K Cr 9.8% | ₹1.4K Cr 118.2% | ₹633 Cr 213.4% | ₹202 Cr 71.2% | ₹118 Cr 32.6% | ₹89 Cr |
| Borrowings | ₹474 Cr 80.2% | ₹263 Cr 574.4% | ₹39 Cr 87.0% | ₹301 Cr 52.8% | ₹197 Cr 123.9% | ₹88 Cr |
| Other Liabilities | ₹197 Cr 3.4% | ₹204 Cr 80.5% | ₹113 Cr 32.9% | ₹85 Cr 2.3% | ₹87 Cr 13.0% | ₹77 Cr |
| Total Liabilities | ₹2.2K Cr 18.2% | ₹1.9K Cr 133.5% | ₹797 Cr 35.3% | ₹589 Cr 45.8% | ₹404 Cr 57.8% | ₹256 Cr |
Assets | ||||||
| Fixed Assets | ₹779 Cr 78.7% | ₹436 Cr 69.6% | ₹257 Cr 18.4% | ₹217 Cr 50.7% | ₹144 Cr 19.0% | ₹121 Cr |
| CWIP | ₹257 Cr 221.3% | ₹80 Cr 77.8% | ₹45 Cr 18.4% | ₹38 Cr 58.3% | ₹24 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹1.2K Cr 13.5% | ₹1.3K Cr 172.3% | ₹494 Cr 47.5% | ₹335 Cr 41.9% | ₹236 Cr 74.8% | ₹135 Cr |
| Total Assets | ₹2.2K Cr 18.2% | ₹1.9K Cr 133.5% | ₹797 Cr 35.3% | ₹589 Cr 45.8% | ₹404 Cr 57.8% | ₹256 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Operating CF | ₹-119 Cr 320.4% | ₹54 Cr 871.4% | ₹-7 Cr 30.0% | ₹-10 Cr 147.6% | ₹21 Cr 320.0% | ₹5 Cr |
| Investing CF | ₹-71 Cr 92.3% | ₹-918 Cr 1569.1% | ₹-55 Cr 45.5% | ₹-101 Cr 11.4% | ₹-114 Cr 225.7% | ₹-35 Cr |
| Financing CF | ₹174 Cr 80.2% | ₹877 Cr 1135.2% | ₹71 Cr 43.7% | ₹126 Cr 31.3% | ₹96 Cr 300.0% | ₹24 Cr |
| Net Cash Flow | ₹-16 Cr 223.1% | ₹13 Cr 44.4% | ₹9 Cr 40.0% | ₹15 Cr 400.0% | ₹3 Cr 150.0% | ₹-6 Cr |
| Free Cash Flow | ₹-691 Cr 187.9% | ₹-240 Cr 207.7% | ₹-78 Cr 17.0% | ₹-94 Cr 2.1% | ₹-96 Cr 500.0% | ₹-16 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 189d 6.2% | 178d 2.2% | 182d 5.8% | 172d 22.9% | 140d 10.3% | 156d |
| Inventory Days | 2067d 90.5% | 1085d 2.8% | 1055d 1.2% | 1042d 3.3% | 1009d 11.4% | 906d |
| Days Payable | 536d 16.8% | 459d 15.9% | 396d 31.3% | 576d 23.0% | 748d 24.1% | 986d |
| Cash Conv. Cycle | 1720d 113.9% | 804d 4.3% | 840d 31.7% | 638d 59.1% | 401d 420.8% | 77d |
| Working Capital Days | 304d 41.4% | 215d 24.0% | 283d 135.8% | 120d 2900.0% | 4d 136.4% | -11d |
| ROCE | 12.0% 0.0% | 12.0% 42.9% | 21.0% 31.3% | 16.0% 27.3% | 22.0% | — |
Source: Screener.in · Lower days = better efficiency
About Azad Engineering Limited
Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines and supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.[1]
Capital GoodsElectrical Equipment