Capital Goods · NIFTY 500
Azad Engineering Limited
NSEAZAD
BSE544061 ISININE02IJ01035 SeriesEQ Listed on NSE · BSE
₹2,468.40 -5.00 (-0.20%) Updated 12 Nov, 7:47 pm IST
Price, daily close+46.26% in a year
Today
- Open
- ₹2,475.00
- Prev close
- ₹2,473.40
- Day high
- ₹2,522.30
- Day low
- ₹2,455.10
- Volume
- 4.00 L
- Value traded
- ₹99.33 Cr
- Upper circuit
- ₹2,968.00
- Lower circuit
- ₹1,978.80
- 52W high
- ₹3,127.90
- 52W low
- ₹1,360.00
- 1 month
- -15.99%
- 6 months
- +11.13%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹15,941 Cr
P/E (TTM)116.27
P/B9.99
Book value / share₹247.14
EPS (TTM)₹21.23
ROE8.6%
Dividend yield—
Dividend (12m)—
Net margin (TTM)20.1%
Operating margin37.9%
Debt / equity0.35
Current ratio2.49
EV / EBITDA63.38
Sales growth (YoY qtr)+31.11%
Profit growth (YoY qtr)-5.73%
Sales CAGR 3Y—
Profit CAGR 3Y—
Shares6.46 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+4.0%+6.0%+13%+8.0%+5.3%+8.0%+6.2%+9.0%+1.8%+6.8%+11%
Revenue · YoY (vs a year ago)
————+35%+37%+39%+31%+32%+27%+26%+31%
Net profit · QoQ (vs last quarter)
—-100%——+14%+5.6%+16%+11%+5.4%+4.3%-0.7%-14%
Net profit · YoY (vs a year ago)
————+42%——+56%+44%+42%+21%-5.7%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+20%+46%+57%+42%+32%+34%+21%-5.1%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89.2 | 92.8 | 98.4 | 112 | 120 | 127 | 137 | 146 | 159 | 162 | 173 | 191 |
| Other income | 18.4 | 2.8 | 0.6 | 1.5 | 5.1 | 3.4 | 8.7 | 12.2 | 8.1 | 16.6 | 3.5 | 4.2 |
| Total income | 108 | 95.6 | 99.0 | 113 | 126 | 130 | 146 | 158 | 167 | 178 | 176 | 195 |
| Raw material | 18.4 | 19.4 | 16.9 | 25.5 | 32.9 | 29.6 | 42.0 | 17.9 | 39.6 | 31.0 | 43.2 | 39.3 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 63.8 | 0.0 |
| Employee cost | 20.8 | 19.7 | 20.4 | 22.2 | 24.8 | 25.4 | 29.3 | 33.7 | 34.2 | 38.3 | 41.7 | 51.7 |
| Other expenses | 25.3 | 26.0 | 29.6 | 33.6 | 36.5 | 39.8 | 41.8 | 42.2 | 49.2 | 50.8 | 56.8 | 58.5 |
| Total expenses | 81.1 | 72.9 | 74.7 | 83.3 | 91.5 | 94.4 | 104 | 111 | 119 | 127 | 137 | 154 |
| Operating profit | 32.7 | 31.4 | 33.0 | 39.9 | 42.8 | 45.6 | 49.2 | 52.5 | 62.2 | 61.3 | 64.4 | 72.3 |
| OPM % | 36.7% | 33.8% | 33.6% | 35.7% | 35.5% | 35.9% | 35.9% | 36.1% | 39.2% | 38.0% | 37.3% | 37.9% |
| Finance cost | 19.4 | 6.0 | 3.3 | 4.9 | 6.4 | 3.8 | 5.9 | 6.7 | 8.3 | 9.9 | 10.3 | 12.4 |
| Depreciation | 5.2 | 5.5 | 6.0 | 6.8 | 7.4 | 9.3 | 10.1 | 11.7 | 14.2 | 16.8 | 18.6 | 22.5 |
| Profit before tax | 26.6 | 22.6 | 24.4 | 29.8 | 34.0 | 35.9 | 41.9 | 46.4 | 47.8 | 51.2 | 39.0 | 41.5 |
| Tax | 9.8 | 7.7 | 7.2 | 8.9 | 10.3 | 11.1 | 12.4 | 13.8 | 13.1 | 14.4 | 3.8 | 10.6 |
| Net profit | 16.8 | 14.9 | 17.1 | 20.9 | 23.7 | 24.8 | 29.4 | 32.6 | 34.7 | 36.8 | 35.2 | 30.9 |
| Profit to shareholders | — | 0.0 | 0.0 | 21.0 | 23.9 | 25.3 | — | 32.8 | 34.5 | 36.0 | 35.7 | 30.9 |
| EPS (₹) | 3.37 | 2.85 | 2.90 | 3.55 | 4.05 | 4.15 | 4.56 | 5.05 | 5.34 | 5.57 | 5.53 | 4.79 |
Profit & loss
Results for each year
3 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—+34%+32%
Net profit · YoY (vs a year ago)
——+52%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 341 | 457 | 603 |
| Other income | 32.0 | 10.6 | 45.7 |
| Total expenses | 292 | 344 | 461 |
| Employee cost | 74.3 | 92.9 | 136 |
| Operating profit | 117 | 161 | 225 |
| OPM % | 34.2% | 35.3% | 37.4% |
| Finance cost | 47.3 | 18.4 | 30.8 |
| Depreciation | 20.5 | 29.5 | 52.8 |
| Profit before tax | 80.8 | 124 | 187 |
| Tax | 22.2 | 37.5 | 53.7 |
| Tax rate % | 27.5% | 30.2% | 28.7% |
| Net profit | 58.6 | 86.5 | 134 |
| Profit to shareholders | 0.0 | 87.3 | 133 |
| Net margin % | 0.0% | 19.1% | 22.0% |
| EPS (₹) | 11.20 | 14.66 | 20.57 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+116%+9.7%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|
| Shareholders' equity | 645 | 1,394 | 1,529 | 1,596 |
| Long-term borrowings | 27.1 | 171 | 281 | 287 |
| Short-term borrowings | 10.0 | 72.7 | 176 | 275 |
| Total borrowings | 37.2 | 244 | 457 | 562 |
| Current liabilities | 98.2 | 230 | 303 | 439 |
| Fixed assets (PPE) | 257 | 417 | 779 | 989 |
| Inventories | 133 | 189 | 329 | 427 |
| Trade receivables | 170 | 223 | 312 | 404 |
| Cash & equivalents | 28.2 | 40.8 | 24.6 | 11.6 |
| Current assets | 422 | 1,197 | 989 | 1,093 |
| Total assets | 797 | 1,861 | 2,200 | 2,405 |
| Debt / equity | 0.06 | 0.17 | 0.30 | 0.35 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+872%-322%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -7.0 | 53.7 | -119 |
| Cash from investing | -55.3 | -918 | -71.4 |
| Cash from financing | 71.0 | 877 | 174 |
| Spent on fixed assets | -75.3 | -293 | -572 |
| Free cash flow | -82.3 | -240 | -691 |
| Net cash flow | 8.8 | 12.6 | -16.2 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
55.8%promoter
- Promoter & group
- 55.84%
- Public (FIIs, mutual funds, retail…)
- 44.16%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
No recent corporate actions.
Board meetings
- AZAD ENGINEERING LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Fin…
- the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.
- AZAD ENGINEERING LIMITED has informed the Exchange about Board Meeting to be held on 07-Aug-2026 to inter-alia consider and approve the Unaudited Fin…
- the Unaudited Standalone and Consolidated financial results for the quarter ended Jun 30, 2026.
- AZAD ENGINEERING LIMITED has informed the Exchange about Board Meeting to be held on 15-May-2026 to inter-alia consider and approve the Audited Finan…
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Copy of Newspaper Publication
- Investor Presentation
- Outcome of Board Meeting
- Monitoring Agency Report
- Analysts/Institutional Investor Meet/Con. Call Updates
Latest news
Azad Engineering zooms 111% in six months; hits new high on heavy volumesBusiness Standard · 30 Sep, 12:30 pmGoldman Sachs gives this aerospace parts manufacturer its highest share price target - CNBC TV18LinkedIn · 13 Oct, 12:30 pmDiwali Stock Picks 2026: Adani Power, MCX, Azad Engineering, HUL, Paytm among 41 stocks for Muhurat...Moneycontrol.com · 8 Nov, 12:14 pmAzad Engineering shares: Up 85% in 6 months; stock to buy, says ICICI Securities - Check revised share price targetLivemint · 3 Oct, 12:30 pmAZAD ENGINEERING LTD. Share Price Today Up 5%Equitymaster · 6 Oct, 12:30 pmData Patterns and Azad Engineering shares in Focus for this reasonIndia Infoline · 2 Jun, 12:30 pmAzad Engineering shares extend 2026 gains to 82% after Goldman Sachs thumbs-upCNBC TV18 · 29 Sep, 12:30 pmAzad Engineering shares rally 10% to hit 52-week high on inaugurating two facilities for GE Vernova's Gas Power business; here’s what analysts saidUpstox · 29 Sep, 12:30 pmAbout
About Azad Engineering Limited
Azad Engineering Limited is listed on the NSE under the symbol AZAD and belongs to the Capital Goods sector.
Company details
- Company name
- Azad Engineering Limited
- NSE symbol
- AZAD
- BSE scrip code
- 544061
- ISIN
- INE02IJ01035
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 28 Dec 2023
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 6.46 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Metal Fabrication
- Managing director / CEO
- Rakesh Chopdar
- Chair
- Rakesh Chopdar
- Headquarters
- Hyderabad, Telangana, India
- Registered address
- 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad, Telangana, 500055
- Founded
- 1983
- Employees
- 2,848
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- azad.in
Peers
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.