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 115x vs industry 47.1x)
- 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 | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 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% | 65.90% | 60.32% |
| FII | 4.68% | 6.98% | 9.69% | 9.74% | 9.98% | 14.23% |
| DII | 5.71% | 5.00% | 3.44% | 5.74% | 6.57% | 8.23% |
| Public | 23.70% | 22.13% | 20.98% | 18.61% | 17.56% | 17.21% |
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 inaugurates two new manufacturing facilities for GE Vernova.
*Azad Engineering inaugurates two new manufacturing facilities for GE Vernova.* This expansion supports GE Vernova’s Gas Power business and marks a strategic capacity enhancement. The facilities are set up under a long-term partnership, boosting Azad’s aerospace and power sector capabilities. 📊 *STOCKS:* $AZAD | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Manufacturing
Azad Engineering holds 43rd AGM, voting results announced
*Azad Engineering holds 43rd AGM, voting results disclosed.* Shareholders meeting concluded with release of voting outcomes and scrutineers report. No major corporate actions or financial announcements were highlighted. Event reflects routine corporate governance compliance. 📊 *STOCKS:* $AZAD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Azad Engineering to hold 43rd Annual General Meeting
*Azad Engineering to hold 43rd Annual General Meeting.* The notice was published as per regulatory requirements. No financial figures or strategic updates disclosed. Event is routine and informational in nature. 📊 *STOCKS:* $AZAD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Azad 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% | 9.91 482.9% | 1.7 73.7% | 6.46 156.3% | 2.52 |
| 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