AZAD · NSE
Azad Engineering Limited
₹2,790.3
+7.10% (+₹185)
Prev. close
₹2,605.3
Volume
7,00,873
Delivery %
40.4%
As of
18 Sept 2026
Price history
Himanshu Gupta · Jainam Broking · 14 Jul 2026
“Bullish on Azad Engineering with a buy recommendation at ₹2,380, targeting ₹2,515/2,650 with a stop-loss at ₹2,245. The stock shows a strong primary uptrend, breaking out from a year-long consolidation with sharp price expansion, indicating fresh institutional participation.”
Entry ₹2,380Target ₹2,515 (+5.7%)Stop ₹2,245 (-5.7%)R:R 1.0:1Target hit · 07 Aug 2026
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Azad Engineering with a buy recommendation at ₹2,380, targeting ₹2,515/2,650 with a stop-loss at ₹2,245. The …” | Himanshu GuptaJainam Broking | Azad Engineering | NOT GRADED | ||||
“Bullish on Azad Engineering with a buy recommendation at ₹2,380, targeting ₹2,515/2,650 with a stop-loss at ₹2,245. The stock shows a strong primary uptrend, breaking out from a year-long consolidation with sharp price expansion, indicating fresh institutional participation.” This call couldn't be objectively graded against market data. | |||||||
Fundamentals
About Azad Engineering Limited
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.
Details
Sector
Industrials
Industry
Specialty Industrial Machinery
CEO
Mr. Rakesh Chopdar
Headquarters
Hyderabad
Employees
2,168
Website
azad.inExchange
View on NSE ↗Key stats
Market cap
₹18,020.24 Cr
P/E ratio (TTM)
129.1
EPS (TTM)
₹21.62
Beta (1Y · daily vs NIFTY 50)
1.21
Shares float
2.84 Cr
EPS · quarter ended Jun 2026
₹5.53
Financial Performance
01 · Financials
FY22 growth needs FY21 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹241.62 Cr | ₹340.77 Cr | ₹457.35 Cr | ₹602.98 Cr | |
| EBITDA | — | — | ₹56.41 Cr | ₹134.06 Cr | ₹164.44 Cr | ₹262.16 Cr |
| ₹12.00 Cr | ₹29.00 Cr | ₹8.47 Cr | ₹58.58 Cr | ₹87.32 Cr | ₹132.88 Cr | |
| Diluted EPS | — | — | ₹1.43 | ₹11.2 | ₹14.66 | ₹20.57 |
Revenue, Total expenses (as filed), Employee benefit expense, Other expenses, EBITDA, Tax provision, Other income, Diluted EPS have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹256.00 Cr | ₹404.00 Cr | ₹589.00 Cr | ₹797.00 Cr | ₹1,861.00 Cr | ₹2,200.00 Cr | |
| — | — | ₹300.60 Cr | ₹39.43 Cr | ₹263.37 Cr | ₹474.32 Cr | |
| Stockholders' equity | ₹91.00 Cr | ₹120.00 Cr | ₹204.00 Cr | ₹645.00 Cr | ₹1,394.00 Cr | ₹1,529.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹5.00 Cr | ₹21.00 Cr | ₹-10.00 Cr | ₹-7.00 Cr | ₹54.00 Cr | ₹-119.00 Cr | |
| Investing cash flow | — | — | ₹-101.15 Cr | ₹-55.26 Cr | ₹-917.71 Cr | ₹-71.42 Cr |
| ₹24.00 Cr | ₹96.00 Cr | ₹126.00 Cr | ₹71.00 Cr | ₹877.00 Cr | ₹174.00 Cr | |
| Capital expenditure | ₹-20.00 Cr | ₹-117.00 Cr | ₹-86.00 Cr | ₹-75.00 Cr | ₹-293.00 Cr | ₹-572.00 Cr |
| End cash position | — | — | ₹19.41 Cr | ₹28.19 Cr | ₹40.83 Cr | ₹24.59 Cr |
Investing cash flow, Debt issued, Debt repaid, Dividends paid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 23–Dec 24(6Q) | Mar 25–Mar 25(2Q) | Jun 25–Sep 25(2Q) | Dec 25–Jun 26(3Q) |
|---|---|---|---|---|
| Promoter | 65.90% | 60.32% | 55.42% | 55.84% |
| Public | 34.10% | 39.68% | 44.58% | 44.16% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Azad Engineering Limited | ₹17,468.72 Cr | ₹2,581.7 | 124.9 | 11.43 | 8.7% | 0.31 | +34.0% | +62.6% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
10 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Azad Engineering: Capacity Expansion Nears Completion
Azad Engineering Limited, a manufacturer of high-precision components, reported strong performance in Q4FY25-26. The company's capacity expansion efforts are nearing completion. This expansion aims to support its production of complex, mission-critical components.