Azad Engineering Limited AZAD NSEINFRA
Company Overview
Azad Engineering Limited manufactures and sells precision-engineered components for energy and power generation, aerospace and defence, and oil and gas industries in India and internationally. It offers fixed air foil, last stage air foil rotary, welding chamfers, last stage air foil stationary, stator and rotor air foils, compressor air foils, hot gas parts, slips, drill bits, hatch cover, bonnet, and frame. The company also provides unison rings, arm, levers, assembly, body, housing, compressor and mount, valve body, butterfly plate, seal, shaft and bearing rod, piston plate and sealing ring, actuator, cover and housing, guide, poppet, tees and elbows, nipples and adaptors, aft and fore end skirt, bb2kp base, and b1 ignitor body 1 and 2. In addition, it offers aircraft engines and APUs, missiles, actuator system air generation, engine propulsion, fuel and inserting, rotating and stationary aerofoils, combustion parts, diaphragms, casings, critical machining parts, assemblies, drilling services, subsea pressure system, wireline, artificial lifting system, aerofoils, combustion parts, and castings. The company also exports its products to the United States, the United Kingdom, China, Japan, Saudi Arabia, Singapore, Germany, Europe, and the Middle East. Azad Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.
Why Investors Should Care
Net profit has compounded at 150.3% per year over the last five years.
Revenue has grown at a 35.6% CAGR over the past five years.
Maintains a net profit margin of 21.8%.
Carries low leverage with a debt-to-equity ratio of 0.31.
Recent Developments
- Mar 2026 Revenue of ₹602.98 Cr (+31.8% YoY); net profit ₹132.88 Cr.
- Trailing 12 Months Year-on-year growth — revenue +25.9%, earnings +21.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 35.6%, profit CAGR 150.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 35.64% |
| 1 Year: | 25.90% |
Compounded Profit Growth
| 5 Years: | 150.31% |
| 1 Year: | 21.30% |
Stock Price Performance
| 1 Year: | +72.73% |
| 6 Months: | +13.49% |
| 3 Months: | +8.14% |
| 1 Month: | -8.18% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)35.45 · Neutral
P/E of 118.14 is above the sector median of 25.87 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 21.8%.
- Compounding revenue at 35.6% over 5 years.
- Profit CAGR of 150.3% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 118.1.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AZAD Azad Engineering Limited NSEINFRA | 2,538.80 | 118.14 | ₹16,396.01 Cr | 0.00% | 11.50% | 8.69% | 35.64% | 150.31% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,636.00 | 30.16 | ₹5.00 L Cr | 1.05% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,748.80 | 29.85 | ₹4.03 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,854.40 | 34.83 | ₹3.25 L Cr | 0.97% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 371.20 | 44.19 | ₹2.71 L Cr | 0.66% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,641.50 | -37.32 | ₹1.79 L Cr | 0.00% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 410.20 | 58.68 | ₹1.43 L Cr | 0.31% | 6.60% | 6.12% | 13.49% | 35.91% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,559.50 | 89.35 | ₹1.39 L Cr | 0.44% | 28.45% | 19.13% | 15.41% | 17.97% |
| 9 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 821.00 | 103.53 | ₹1.29 L Cr | 0.15% | 19.35% | 15.13% | 21.22% | 7.81% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85.00 Cr | 76.00 Cr | 83.00 Cr | 89.00 Cr | 93.00 Cr | 98.00 Cr | 112.00 Cr | 120.48 Cr | 126.93 Cr | 137.09 Cr | 146.00 Cr | 158.72 Cr | 161.54 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 16.31 Cr | 16.20 Cr | 16.78 Cr | - | 13.11 Cr | 11.05 Cr |
| Gross Profit | - | - | - | - | - | - | - | 104.18 Cr | 110.72 Cr | 120.31 Cr | - | 145.61 Cr | 150.49 Cr |
| Operating Expenses | 54.00 Cr | 50.00 Cr | 57.00 Cr | 56.00 Cr | 61.00 Cr | 65.00 Cr | 72.00 Cr | 68.79 Cr | 74.40 Cr | 81.23 Cr | 93.00 Cr | 97.63 Cr | 105.97 Cr |
| Operating Income | 26.00 Cr | 21.00 Cr | 21.00 Cr | 28.00 Cr | 26.00 Cr | 27.00 Cr | 33.00 Cr | 35.38 Cr | 36.32 Cr | 39.09 Cr | 41.00 Cr | 47.98 Cr | 44.52 Cr |
| EBITDA | 30.00 Cr | 26.00 Cr | 26.00 Cr | 33.00 Cr | 31.00 Cr | 33.00 Cr | 40.00 Cr | 47.89 Cr | 48.97 Cr | 57.92 Cr | 53.00 Cr | 70.35 Cr | 77.90 Cr |
| Interest Expense | 11.00 Cr | 10.00 Cr | 12.00 Cr | 19.00 Cr | 6.00 Cr | 3.00 Cr | 5.00 Cr | 6.42 Cr | 3.82 Cr | 5.91 Cr | 7.00 Cr | 8.34 Cr | 9.86 Cr |
| Pretax Income | 20.00 Cr | 11.00 Cr | 20.00 Cr | 27.00 Cr | 23.00 Cr | 24.00 Cr | 30.00 Cr | 34.04 Cr | 35.88 Cr | 41.87 Cr | 46.00 Cr | 47.78 Cr | 51.23 Cr |
| Tax Provision | 5.20 Cr | 3.85 Cr | 60.00 L | 9.99 Cr | 7.82 Cr | 7.20 Cr | 9.00 Cr | 10.32 Cr | 11.07 Cr | 12.44 Cr | 13.80 Cr | 13.06 Cr | 14.43 Cr |
| Net Income | 15.00 Cr | 7.00 Cr | 19.00 Cr | 17.00 Cr | 15.00 Cr | 17.00 Cr | 21.00 Cr | 23.92 Cr | 25.27 Cr | 29.72 Cr | 33.00 Cr | 34.51 Cr | 35.98 Cr |
| Diluted EPS | 89.78 | 44.80 | 3.92 | 2.84 | 2.53 | 2.90 | 3.55 | 4.05 | 4.15 | 4.56 | 5.07 | 5.34 | 5.57 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 123.00 Cr | - | 241.62 Cr | 328.12 Cr | 457.35 Cr | 602.98 Cr |
| Cost of Revenue | - | - | 57.71 Cr | 79.64 Cr | 63.68 Cr | 58.12 Cr |
| Gross Profit | - | - | 183.91 Cr | 248.48 Cr | 393.68 Cr | 544.85 Cr |
| Operating Expenses | 95.00 Cr | - | 125.03 Cr | 152.42 Cr | 261.85 Cr | 372.38 Cr |
| Operating Income | 19.00 Cr | - | 58.87 Cr | 96.06 Cr | 131.82 Cr | 172.47 Cr |
| EBITDA | 28.00 Cr | - | 56.41 Cr | 134.06 Cr | 171.90 Cr | 270.97 Cr |
| Interest Expense | 5.00 Cr | - | 26.67 Cr | 32.74 Cr | 18.39 Cr | 30.82 Cr |
| Pretax Income | 16.00 Cr | - | 13.16 Cr | 80.79 Cr | 124.03 Cr | 187.31 Cr |
| Tax Provision | 4.64 Cr | - | 4.69 Cr | 22.21 Cr | 37.49 Cr | 53.74 Cr |
| Net Income | 12.00 Cr | - | 8.47 Cr | 58.58 Cr | 87.32 Cr | 132.88 Cr |
| Diluted EPS | 76.00 | 4.98 | 1.43 | 11.20 | 14.66 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Total Assets | 256.00 Cr | - | 589.21 Cr | 797.08 Cr | 1,860.70 Cr | 2,200.04 Cr |
| Current Assets | - | - | 283.63 Cr | 421.71 Cr | 1,197.01 Cr | 989.30 Cr |
| Cash & Equivalents | - | - | 19.41 Cr | 28.19 Cr | 40.83 Cr | 24.59 Cr |
| Inventory | - | - | 86.06 Cr | 132.96 Cr | 189.30 Cr | 329.11 Cr |
| Receivables | - | - | 118.66 Cr | 169.95 Cr | 223.48 Cr | 311.66 Cr |
| Total Liabilities | - | - | 385.22 Cr | 152.02 Cr | 467.67 Cr | 671.21 Cr |
| Current Liabilities | - | - | 148.21 Cr | 98.22 Cr | 230.11 Cr | 302.67 Cr |
| Long Term Debt | - | - | 220.86 Cr | 27.11 Cr | 170.87 Cr | 280.95 Cr |
| Total Debt | 88.00 Cr | - | 300.60 Cr | 39.43 Cr | 263.37 Cr | 474.32 Cr |
| Total Equity | 91.00 Cr | - | 203.99 Cr | 645.06 Cr | 1,393.79 Cr | 1,528.90 Cr |
| Shares Outstanding | - | - | 5.91 Cr | 5.91 Cr | 6.46 Cr | 6.46 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.00 Cr | - | -10.21 Cr | -6.95 Cr | 53.67 Cr | -118.97 Cr |
| Investing Cash Flow | -35.00 Cr | - | -101.15 Cr | -55.26 Cr | -917.71 Cr | -71.42 Cr |
| Financing Cash Flow | 24.00 Cr | - | 126.34 Cr | 70.99 Cr | 876.69 Cr | 174.15 Cr |
| Capital Expenditure | -21.00 Cr | - | -85.62 Cr | -75.34 Cr | -293.25 Cr | -572.48 Cr |
| Free Cash Flow | -16.00 Cr | - | -95.83 Cr | -82.29 Cr | -239.59 Cr | -691.45 Cr |
| Net Change in Cash | -6.00 Cr | - | 14.98 Cr | 8.78 Cr | 12.65 Cr | -16.24 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 76.1% | 75.7% | 86.1% | 90.4% |
| Operating Margin % | 15.4% | - | 24.4% | 29.3% | 28.8% | 28.6% |
| Net Margin % | 9.8% | - | 3.5% | 17.9% | 19.1% | 22.0% |
| ROE % | 13.2% | - | 4.2% | 9.1% | 6.3% | 8.7% |
| ROCE % | - | - | 13.4% | 13.7% | 8.1% | 9.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AZAD
Azad Engineering Ltd (NSE:AZAD) (Q1 2027) Earnings Call Highlights: Record Revenue and ...
Azad Engineering Ltd (NSE:AZAD) posts 26.8% revenue growth and delivers India's first indigenous turbojet engine to DRDO, while expanding EBITDA margins to 37.6%.
Azad Engineering Ltd (NSE:AZAD) Q4 2026 Earnings Call Highlights: Strong Revenue Growth and ...
Azad Engineering Ltd (NSE:AZAD) reports robust revenue growth and strategic partnerships, while navigating challenges in facility stabilization and working capital management.
AZAD — Frequently Asked Questions
What is the current share price of Azad Engineering Limited (AZAD)?
As of 2026-10-23 04:58 IST, Azad Engineering Limited (AZAD) trades at ₹2,538.80 on NSE. Its 52-week range is ₹1,366.50 to ₹3,062.60.
What is the market capitalisation of AZAD?
Azad Engineering Limited (AZAD) has a market capitalisation of ₹16,396.01 Cr on NSE.
What is the P/E ratio of AZAD?
AZAD trades at a trailing price-to-earnings (P/E) ratio of 118.14. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 12.30.
What is the return on equity (ROE) of AZAD?
AZAD has a return on equity (ROE) of 8.69%. Its return on capital employed (ROCE) is 11.50%.
Is AZAD a good stock to buy?
This page provides a data-driven analysis of Azad Engineering Limited (AZAD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.