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Azad Engineering Ltd

₹ 1,6892.21%
05 Jan – close price
🔗azad.in•BSE: 544061•NSE: AZAD
Market Cap₹ 10,910 Cr.
Current Price₹ 1,689
High / Low₹ 1,899
Stock P/E96.3
Book Value₹ 229
Dividend Yield0.00 %
ROCE12.2 %
ROE8.58 %
Face Value₹ 2.00
Sales₹ 520 Cr.
OPM36.2 %
Mar Cap₹ 10,910 Cr.

ABOUT

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]

KEY POINTS

Business OverviewThe company manufactures highly engineered, complex, mission and life-critical high-precision forged and machined components like 3D rotating airfoils and blade portions of turbine engines and other critical components for gas, nuclear, and thermal turbines.[1]It has a portfolio of 1,700 parts and components and 45+ specialized manufacturing processes.[2]

Also present in buckets:
Excellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Siemens3086.6065.14109920.160.39485.40-7.145171.2016.0215.8317364.2011.561687.44484.908.317.460.01
2.A B B5168.5061.98109524.840.85409.04-7.173310.7213.6938.6513010.6516.561766.99408.8815.2216.040.01
3.B H E L300.05187.06104479.310.17374.89253.177511.8014.094.8729269.174.03558.54374.894.280.810.45
4.CG Power & Ind645.2595.11101618.010.20284.4429.762922.7921.1437.4811069.2912.971068.45286.7213.6214.530.02
5.Siemens Ener.Ind2564.5083.0291327.100.00359.60–2645.70–38.527826.7019.341100.10359.6020.8413.260.03
6.Hitachi Energy19004.00118.1084705.320.03264.36405.571832.5517.9419.446815.4012.60717.23264.3618.485.770.02
7.GE Vernova T&D3077.2085.6678791.710.16299.48107.081538.4638.8854.745094.7823.87919.85299.4837.7714.760.01
8.Azad Engineering1689.4096.2910910.440.0033.0056.62142.6728.0612.23520.2936.15113.3133.007.376.680.20
–Median: 37 Co.557.6547.566819.190.0337.3541.39460.0324.3428.091522.9113.99169.545.145.812.290.14

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2023Sep 2024Sep 2025
Sales
60891197698135859312583111143
Expenses
425676506586546179577291
Operating Profit
173343263349303145264051
Other Income
318501953411213
Profit before tax
32735112442202337203047
Tax %
-30%37%30%35%30%29%26%34%29%3%30%30%
Net Profit
4172471730151526192133
EPS in Rs
23.192.844.1144.802.904.6489.962.534.033.923.565.11

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
122121194252341453520
Expenses
8192132179224292332
Operating Profit
41296272117161188
Other Income
14310321231
Interest
651452471822
Depreciation
791317212936
Profit before tax
3019391381126161
Net Profit
21142895989113
EPS in Rs
139.4489.28185.0451.529.9113.7117.89
Dividend Payout %
0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:33%
3 Years:47%
TTM:62%

Compounded Sales Growth

10 Years:%
5 Years:30%
3 Years:33%
TTM:33%

Return on Equity

10 Years:%
5 Years:11%
3 Years:9%
Last Year:9%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-4%

Balance Sheet

Standalone figures in ₹ crores

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
2222121313
Reserves
85911182026331,4051,468
Borrowings
618719730039252300
Other Liabilities
49778785113185162
Total Liabilities
1982574045897971,8551,943
Fixed Assets
101114137210257414522
Gross Block
135.90122.93159.62248.45316.57502.04–
Accumulated Depreciation
34.828.8722.1938.7759.3087.89–
CWIP
0024384580155
Investments
7666000
Other Assets
901362373354941,3611,266
Total Assets
1982574045897971,8551,943

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
373421-10-763
Cash from Investing Activity
-28-29-114-101-55-923
Cash from Financing Activity
-779612671873
Net Cash Flow
112315912

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
122159140172182179
Inventory Days
4899101,0091,0421,0551,097
Days Payable
851977748599396460
Cash Conversion Cycle
-24092401615841816
Working Capital Days
12-74120283218
ROCE %
–15%21%16%21%12%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
65.90%65.90%65.90%65.90%65.90%60.32%55.42%55.42%
FIIs
4.68%6.98%9.69%9.74%9.98%14.23%16.16%15.76%
DIIs
5.71%5.00%3.44%5.74%6.57%8.23%8.91%9.84%
Public
23.70%22.13%20.98%18.61%17.56%17.21%19.53%18.99%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Azad Engineering files SEBI compliance report for Q1 2026

2nd April 2026, 8:50 pm

Azad Engineering Closes Trading Window from April 1 for FY26 Results

27th March 2026, 10:23 pm

Azad Engineering signs 8-year pact with Mitsubishi Heavy Industries for gas turbine engine parts

26th March 2026, 10:14 pm

Azad Engineering Discloses ₹11.49 Lakh GST Penalty for FY 2019-21

26th March 2026, 12:32 am

Azad Engineering to attend investor meeting on March 13, 2026

7th March 2026, 4:05 pm

Published by Other Websites

External media mentions & references

ICICI Securities Eyes Defence Boom, HAL Leads Top Picks

30th March 2026, 4:15 pm

Market Dips, But Three Stocks Surge: Azad Engineering Lands Major Japan Deal

27th March 2026, 9:37 am

Gift Nifty Signals Sharp Nifty Fall Amid Geopolitical Turmoil

27th March 2026, 8:14 am

Infosys Acquisition, Azad Engg MHI Deal; Stocks to Watch Friday

27th March 2026, 7:42 am

Infosys Buys US Firms, LIC Faces Tax Demand, Stocks Surge & Dip

27th March 2026, 7:11 am

News Articles

Editorial & research coverage

Azad Engineering: Growth Figures Overshadowed by Market Sell-off
Azad Engineering: Growth Figures Overshadowed by Market Sell-off

13th February 2026, 10:50 pm

India Defence Sector Surges on ₹3.6T Procurement; Budget Boosts Outlook
India Defence Sector Surges on ₹3.6T Procurement; Budget Boosts Outlook

13th February 2026, 12:00 pm

India's Defence Sector Leans Global, GS Sees BTS Opportunity
India's Defence Sector Leans Global, GS Sees BTS Opportunity

12th February 2026, 12:53 pm

India Nuclear Push: Valuations Clash With Execution Risks
India Nuclear Push: Valuations Clash With Execution Risks

9th February 2026, 6:14 am

Defence Stocks Tumble After Budget Despite Spending Hike
Defence Stocks Tumble After Budget Despite Spending Hike

2nd February 2026, 8:36 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

16h - Certificate confirming dematerialisation/rematerialisation details furnished to exchanges for quarter ended Dec 31, 2025. --- Checklist: - Review announcement content for regulatory context - Identify applicable …

Closure of Trading Window
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

5 Dec 2025 - Investor/Analyst meeting on December 11, 2025 .

Appointment of Company Secretary and Compliance Officer

29 Nov 2025 - Appointed Mr. Praneeth Abhishek Gunda as Company Secretary and Compliance Officer effective November 29, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

Rating update

6 Aug 2025 from care

Rating update

23 Jul 2025 from care

Rating update

7 Nov 2024 from care

Rating update

22 Mar 2024 from care

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPTRecording

May 2025

TranscriptPPT

Feb 2025

PPT

Feb 2025

PPT

Nov 2024

TranscriptPPTRecording

Aug 2024

TranscriptPPT

May 2024

TranscriptPPT

Feb 2024

TranscriptPPT

Stock Analysis

Description

  1. Azad Engineering Limited is a manufacturer of highly engineered, complex, mission and life-critical high-precision forged and machined components, including aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

2nd Apr 26
Impact Rating: 4
Azad Engineering Limited submitted its quarterly compliance report for the period ending March 31, 2026, confirming dematerialization and rematerialization details with stock exchanges as required by SEBI regulations.
27th Mar 26
Impact Rating: 6
Azad Engineering Limited will close its trading window for designated persons from April 1, 2026. The window will remain shut until 48 hours after the declaration of its Audited Standalone and Consolidated Financial Results for the quarter and financial year ending March 31, 2026.
26th Mar 26
Impact Rating: 9
In a major development, Azad Engineering has been chosen as a single-source supplier by Mitsubishi Heavy Industries, Japan, for an 8-year contract to supply critical hot-section nozzle vanes for gas turbine engines.
25th Mar 26
Impact Rating: 7
Azad Engineering faces GST penalty orders amounting to ₹11,48,862 (₹11.49 lakh or ₹0.11 cr) for FY 2019-20 and 2020-21, concerning blocked ITC and GST non-payment.
7th Mar 26
Impact Rating: 6
Azad Engineering Limited has confirmed its participation in an investor group meeting scheduled for March 13, 2026, in Hyderabad. The meeting, organized by Goldman Sachs, will see company officials engage with investors, with discussions strictly limited to publicly available information.