Azad Engineering Limited share price

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 e…Read more

Website NSE हिंदी में BSE

Capital GoodsSpecialty Industrial MachineryNifty 500 Nifty Smallcap 250NSE: AZADISIN INE02IJ01035

16 Oct 2026, 3:30 PM IST₹2,741.00▼ 8.80 (0.32%)

Market Cap₹ 17,702 Cr.
Current Price₹ 2,741.00
High / Low₹ 3,128 / 1,360
Stock P/E127.5
Book Value₹ 237
Dividend Yield0.00 %
ROCE11.0 %
ROE9.10 %
Face Value₹ 2.0

More figures (10)

EPS (TTM)₹ 21.49
Price / Book11.58
OPM29.1 %
Debt / Equity0.31
Sales growth (4Y)35.0 %
Profit growth (4Y)150.3 %
Promoter holding55.8 %
EV / EBITDA75.5
Beta0.64
All-time high₹ 3,128

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
AZAD	+6.17%	+13.82%	+47.26%	+65.84%	+66.10%	—	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Azad Engineering Limited is in the Specialty Industrial Machinery industry (Industrials), with a market value of ₹17,702 crore.
It trades at 127.5 times its last 12 months' earnings and 11.6 times book value.
Revenue grew 35.0% a year over the last 4 years, profit 150.3% a year.
Return on equity was 9.1% and return on capital employed 11.0% in the latest year.
Debt was 0.31 times shareholders' equity.
The share price is 12.4% below its 52-week high and up 66.1% over one year.
Promoters and insiders hold about 55.8%; institutions about 19.7%.

Pros

Latest quarter (Jun 2026): sales up 26% and profit up 19% from a year ago.
Borrowings are moderate at 0.31 times shareholders' equity.
Institutional (FII + DII) holding has risen by 12.7 points over 3 years.

Cons

Promoter holding has fallen by 10.06 points over 3 years, to 55.84%.
Trades at 11.6 times its book value.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Azad Engineering Limited

Employees: 2,168
Head office: Hyderabad
NSE industry: Capital Goods

IndustrialsCapital GoodsSpecialty Industrial Machinery

Part ofNifty 500 Nifty Smallcap 250

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Azad Engineering	2,741.00	127.5	17,702	0.00	35	19.46	173	25.90	11.0	9.1	11.58	29.1	0.31	55.84	603	35.0
2.	Bharat Heavy Electricals	434.60	52.6	1,51,330	0.32	377	-25.32	7,698	-14.41	6.6	6.3	5.79	5.0	0.31	59.82	32,360	13.5
3.	ABB India	6,801.00	92.6	1,44,119	0.43	362	-23.67	3,521	17.75	28.5	22.4	15.44	14.4	0.01	76.34	13,065	15.4
4.	Siemens	3,624.00	88.8	1,29,058	0.49	2,143	406.74	4,714	8.44	16.5	14.7	9.32	9.9	0.01	76.91	17,364	3.0
5.	Cummins India	4,608.00	54.0	1,27,734	1.42	609	15.07	3,375	38.99	35.0	29.5	15.07	20.1	0.00	51.29	11,950	16.1
6.	GE Vernova T&D India	3,959.10	77.3	1,01,371	0.25	363	94.64	1,836	59.31	58.5	55.3	37.68	28.1	0.01	51.74	6,201	31.1
7.	Suzlon Energy	42.00	18.4	57,735	0.00	305	-74.18	3,819	1.21	24.8	40.6	5.90	16.5	0.10	17.64	16,547	41.4
8.	AIA Engineering	3,719.70	27.4	34,712	0.43	301	-1.37	1,168	12.42	19.9	17.0	4.32	26.3	0.00	58.53	4,420	-3.4
9.	Kirloskar Oil Engines	2,025.60	54.0	29,486	0.34	114	-19.85	2,000	13.49	17.9	17.1	8.13	16.3	1.48	42.82	7,641	15.4
10.	TD Power Systems	735.15	83.6	23,631	0.14	86	62.75	640	83.81	30.3	24.7	21.43	17.0	0.02	26.57	1,833	29.2
	Median: 36 Co.	3,182.50	52.6	14,448	0.25	334	6.85	2,687	15.62	22.4	17.1	6.62	14.4	0.02	53.79	9,796	15.4

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	89	93	98	112	120	127	137	146	159	162	173
YOY Sales Growth %					35.03%	36.78%	39.31%	30.56%	31.73%	27.27%	25.90%
	56	61	65	72	78	81	88	93	97	100	108
Material Cost %	12%	17%	16%	14%	14%	13%	12%	12%	8%	7%	6%
Employee Cost %	23%	21%	21%	20%	21%	20%	21%	23%	22%	24%	24%
Other Expenses %	28%	28%	30%	30%	30%	31%	30%	29%	31%	31%	33%
Operating Profit	33	31	33	40	43	46	49	53	62	61	64
OPM %	37%	34%	34%	36%	36%	36%	36%	36%	39%	38%	37%
Other Income	18	3	1	2	5	3	9	12	8	17	4
Interest	19	6	3	5	6	4	6	7	8	10	10
Depreciation	5	5	6	7	7	9	10	12	14	17	19
Profit before tax	27	23	24	30	34	36	42	46	48	51	39
	37%	34%	30%	30%	30%	31%	30%	30%	27%	28%	10%
Current tax	5	4	7	8	12	6	11	9	7	6	8
Deferred tax	5	4	1	1	-2	5	2	5	6	9	-4
	17	15	17	21	24	25	29	33	35	37	35
Minority share				-0	-0	-0		-0	0	1	-1
Profit to shareholders				21	24	25		33	35	36	36
YOY Profit Growth %					41.15%	66.18%	71.89%	56.16%	46.36%	48.35%	19.46%
EPS in Rs	3.37	2.85	2.90	3.55	4.05	4.15	4.56	5.05	5.34	5.57	5.53
Raw filing

₹ Cr	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	89	93	98	111	119	125	135	143	156	157	171
YOY Sales Growth %					32.91%	34.18%	36.69%	28.05%	31.38%	26.40%	26.77%
	56	61	65	72	76	79	86	91	96	100	106
Material Cost %	12%	17%	16%	14%	13%	13%	12%	12%	8%	6%	5%
Employee Cost %	23%	21%	21%	20%	20%	20%	21%	23%	21%	24%	24%
Other Expenses %	28%	28%	30%	30%	30%	31%	31%	29%	32%	33%	34%
Operating Profit	33	31	33	40	43	45	49	51	60	58	64
OPM %	37%	34%	34%	36%	36%	36%	36%	36%	39%	37%	38%
Other Income	18	3	1	2	5	4	9	13	9	17	4
Interest	19	6	3	5	6	4	6	6	8	10	10
Depreciation	5	5	6	7	7	9	10	11	14	16	18
Profit before tax	27	23	24	30	35	37	42	47	47	49	40
	37%	34%	30%	30%	30%	29%	29%	30%	28%	29%	9%
Current tax	5	4	7	8	12	6	11	9	7	5	8
Deferred tax	5	4	1	1	-1	5	2	5	6	9	-4
	17	15	17	21	24	26	30	33	34	35	36
YOY Profit Growth %					44.56%	74.39%	75.10%	56.60%	40.15%	34.94%	21.20%
EPS in Rs	3.37	2.85	2.90	3.56	4.11	4.28	4.64	5.11	5.27	5.44	5.63
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	341	457	603	638
YOY Sales Growth %		34.21%	31.84%
	224	296	378	398
Material Cost %	14%	14%	10%	8%
Employee Cost %	22%	20%	22%	23%
Other Expenses %	30%	31%	31%	31%
Operating Profit	117	161	225	240
OPM %	34%	35%	37%	38%
Other Income	32	11	46	41
Interest	47	18	31	35
Depreciation	21	29	53	61
Profit before tax	81	124	187	184
	27%	30%	29%	24%
Current tax	15	33	32
Deferred tax	8	5	22
	59	87	134	139
Minority share		-1	1	0
Profit to shareholders		87	133	139
YOY Profit Growth %		47.72%	54.35%
EPS in Rs	11.20	14.66	20.57	21.49

Compounded Sales Growth

TTM:: 29%

Compounded Profit Growth

TTM:: 41%

Stock Price CAGR

1 Year:: 66%

Return on Equity

4 Years:: 9%
Last Year:: 9%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	341	453	590	626
YOY Sales Growth %		32.91%	30.35%
	224	292	373	393
Material Cost %	14%	14%	10%	8%
Employee Cost %	22%	20%	22%	23%
Other Expenses %	30%	31%	31%	32%
Operating Profit	117	161	218	233
OPM %	34%	36%	37%	37%
Other Income	32	12	48	42
Interest	47	18	30	34
Depreciation	21	29	50	58
Profit before tax	81	126	185	183
	27%	30%	29%	24%
Current tax	15	33	32
Deferred tax	8	5	22
	59	89	132	139
YOY Profit Growth %		51.12%	49.29%
EPS in Rs	11.20	14.87	20.46	21.45

Compounded Sales Growth

TTM:: 28%

Compounded Profit Growth

TTM:: 37%

Stock Price CAGR

1 Year:: 66%

Return on Equity

4 Years:: 9%
Last Year:: 9%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	12	13	13
Reserves	202	633	1,381	1,516
	301	39	263	474
Long term borrowings	221	27	171	281
Short term borrowings	80	10	73	176
	85	113	204	197
Trade payables	50	50	80	85
Minority interest			-1	-0
Current liabilities	148	98	230	303
Total Liabilities	589	797	1,861	2,200
	293	341	627	1,160
Gross block	331	400	715	1,301
Accumulated depreciation	39	59	89	142
Goodwill & intangibles	7
CWIP	76	84	191	380
	221	372	1,043	660
Inventories	86	133	189	329
Trade receivables	119	170	223	312
Cash & equivalents	19	28	41	25
Current assets	284	422	1,197	989
Total Assets	589	797	1,861	2,200

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10	-7	54	-119
Profit for the year	8	59	87	133
Working capital changes	-81	-149	-97	-303
Direct taxes paid	-10	-15	-18	-49
	-101	-55	-918	-71
Fixed assets purchased	-86	-75	-293	-572
Fixed assets sold	2	4
Investments purchased	-20		-625
Investments sold		3		480
	126	71	877	174
Proceeds from borrowings	178	44	168	154
Repayment of borrowings	-61	-96	-10	-12
Interest paid	-52	-48	-18	-39
Net Cash Flow	15	9	13	-16
Free Cash Flow	-96	-82	-240	-691

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	4.2%	13.8%	8.6%	9.1%
ROCE	—	9.0%	16.2%	8.3%	11.0%
Operating margin	—	24.4%	29.3%	29.7%	29.1%
Net margin	—	3.5%	17.9%	19.7%	22.4%
Debt / equity	—	1.47	0.06	0.19	0.31
Current ratio	—	1.91	4.29	5.20	3.27
Debtor days	—	179	189	184	191
Inventory days	—	544	609	587	1,035
Days payable	—	313	229	248	268
Cash conversion cycle	—	410	569	523	958
Working capital days	—	205	360	795	422

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 55.84%
FIIs 12.70%
DIIs 10.40%
Public 21.05%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	65.90%	65.90%	65.90%	65.90%	65.90%	60.32%	55.42%	55.42%	55.84%	55.84%	55.84%	55.84%
	4.68%	6.98%	9.68%	9.74%	9.98%	14.23%	16.15%	15.76%	15.33%	14.75%	13.30%	12.70%
Foreign portfolio investors (Cat. I)	4.58%	6.40%	7.91%	8.77%	9.22%	12.70%	14.61%	14.19%	14.32%	13.26%	10.97%	9.84%
Foreign portfolio investors (Cat. II)	0.10%	0.58%	1.78%	0.97%	0.76%	1.53%	1.55%	1.57%	1.01%	1.49%	2.33%	2.86%
	5.71%	5.00%	3.43%	5.74%	6.56%	8.24%	8.91%	9.84%	10.74%	11.71%	10.32%	10.40%
Mutual funds	4.91%	4.31%	3.16%	5.47%	6.21%	7.07%	7.99%	8.74%	9.44%	10.19%	9.00%	8.81%
Insurance companies	0.73%	0.68%	0.27%	0.27%	0.27%	0.95%	0.76%	0.94%	1.12%	1.18%	0.94%	1.27%
Banks	0.03%
Alternative investment funds	0.04%	0.01%	0.01%		0.09%	0.21%	0.16%	0.16%	0.17%	0.34%	0.38%	0.32%
	23.71%	22.12%	20.98%	18.61%	17.56%	17.21%	19.52%	18.98%	18.09%	17.70%	20.54%	21.05%
Retail (up to ₹2 lakh)	12.38%	10.04%	9.18%	10.92%	9.89%	10.22%	11.47%	11.14%	11.26%	11.80%	13.92%	14.94%
HNIs (above ₹2 lakh)	6.91%	7.79%	7.62%	4.74%	4.92%	4.52%	4.70%	4.33%	3.37%	2.56%	2.78%	2.29%
NRIs	2.45%	2.63%	2.61%	1.53%	1.05%	1.03%	1.10%	1.06%	1.14%	0.91%	0.70%	0.78%
Bodies corporate	1.00%	1.02%	0.91%	0.75%	1.01%	0.82%	1.55%	1.50%	1.48%	1.58%	2.19%	2.12%
No. of Shareholders	1,35,090	1,06,231	1,02,445	1,28,846	1,17,613	1,24,539	1,27,692	1,27,716	1,25,118	1,26,786	1,33,221	1,49,134

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Azad Engineering

Holder (above 1%)	Stake
ICICI Prudential Flexi Cap fundMutual fund	2.71%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FMutual fund · see the fund house	2.21%
WhiteOak Capital Flexi Cap FundMutual fund	1.09%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 8.81% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Azad Engineering Limited

What is the share price of Azad Engineering Limited today?

Azad Engineering Limited (AZAD) last traded at ₹2,741.00 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of Azad Engineering Limited?

About ₹17,702 crore at the latest price.

What is the P/E ratio of Azad Engineering Limited?

About 127.5 times its earnings over the last 12 months.

Is Azad Engineering Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Azad Engineering Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Azad Engineering Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Azad Engineering Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Azad Engineering

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Azad Engineering Limited

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