AZAD ENGINEERING LIMITED·AEROSPACE 85.60HEAVY MACHINERY 63.44·Electrical Equipment Companies

Price

2,837.8

+2.57%
O:2765.1
H:2851.5
L:2721
C:2837.8

52W Range

13602986.6
+109%/-5%

Market Cap

₹18,327.01 Cr

Traded: ₹129.44 Cr (0.71%) 0.0x

Free Float: ₹3,762.53 Cr (3.44% of FF traded)

Volume · 60D trend

4.61 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+24% 3M:+35% 6M:+49% 12M:+76%

Valuation

P/E131.9
P/B12.0
P/S28.7
EV/EBIT48.4

Business Strength

ROE8.5%
ROCE12.2%
OPM37.3%
NPM22.2%

Growth (3Y CAGR)

EPS+52.2%
Sales+34.0%
Profit+150.0%
3Y Return--

Balance Sheet

Debt/Equity0.3
Debt456 Cr
Pledge0.0%
CWIP/Fixed Asset33.0%

Cash Position

CFO/NP-88.8%
FCF-691 Cr
FCF 3Y Avg-1,009 Cr
Cash/MCap3.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle1720 days
Tradeable Free Float20.5%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 178.37 Cr
4.74% FF
60d high
₹ 214.14 Cr
60d low
₹ 97.78 Cr
60d mean
₹ 162.93 Cr
vs mean
▲ 9.48%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
--
+37.0%
+34.0%
--
+29.0%
Decelerating
ROE
--
+10.0%
+9.0%
--
--
Decelerating
Return
--
--
--
+59.0%
--
--
Profit
--
+63.0%
+150.0%
--
+39.0%
Stable

Quarterly Results

Jun 2026

7 Aug
Rev
173 Cr
----
OPM37.0%
NPM--
PAT
--35 Cr
EPS
--5.5

Mar 2026

15 May
Rev
162 Cr
+27% YoY+2% QoQ
OPM38.0%
NPM22.8%
PAT
+42% YoY37 Cr
EPS
+42% YoY5.6

Dec 2025

14 Feb
Rev
159 Cr
+32% YoY+9% QoQ
OPM39.0%
NPM22.0%
PAT
+44% YoY35 Cr
EPS
+32% YoY5.3

Sep 2025

PDF
Rev
146 Cr
+31% YoY+7% QoQ
OPM36.0%
NPM22.6%
PAT
+56% YoY33 Cr
EPS
+43% YoY5.1

Jun 2025

PDF
Rev
137 Cr
+39% YoY+8% QoQ
OPM36.0%
NPM21.2%
PAT
+74% YoY29 Cr
EPS
+59% YoY4.6

Mar 2025

PDF
Rev
127 Cr
+37% YoY+6% QoQ
OPM36.0%
NPM19.7%
PAT
+69% YoY25 Cr
EPS
+55% YoY3.9

Dec 2024

PDF
Rev
120 Cr
+35% YoY+7% QoQ
OPM36.0%
NPM20.0%
PAT
+42% YoY24 Cr
EPS
+43% YoY4.0

Sep 2024

PDF
Rev
112 Cr
+35% YoY+14% QoQ
OPM36.0%
NPM18.8%
PAT
+8% YoY21 Cr
EPS
-9% YoY3.5

Jun 2024

PDF
Rev
98 Cr
+30% YoY+5% QoQ
OPM34.0%
NPM17.4%
PAT
+131% YoY17 Cr
EPS
-94% YoY2.9

Mar 2024

PDF
Rev
93 Cr
+9% YoY+4% QoQ
OPM34.0%
NPM16.1%
PAT
+1% YoY15 Cr
EPS
-97% YoY2.5

Dec 2023

PDF
Rev
89 Cr
+49% YoY+7% QoQ
OPM37.0%
NPM19.1%
PAT
+337% YoY17 Cr
EPS
-88% YoY2.8

Sep 2023

Rev
83 Cr
--+9% QoQ
OPM32.0%
NPM22.9%
PAT
--19 Cr
EPS
--3.9

Jun 2023

Rev
76 Cr
---11% QoQ
OPM35.0%
NPM9.2%
PAT
--7 Cr
EPS
--44.8

Mar 2023

Rev
85 Cr
--+42% QoQ
OPM36.0%
NPM17.6%
PAT
--15 Cr
EPS
--89.8

Dec 2022

Rev
60 Cr
----
OPM29.0%
NPM6.7%
PAT
--4 Cr
EPS
--23.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.31
Interest Coverage-2.1x
Promoter Pledge0.0%
Borrowings474 Cr

Efficiency

Receivable Days189 days
Inventory Days2067 days
Payable Days536 days
Cash Conversion cycle1720 days

Cash Position

Operating Cash Flow-119 Cr
Investing Cash Flow-71 Cr
Financing Cash Flow174 Cr
Free Cash Flow-691 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sales17316215914613712712011298938983768560
Expenses10810096938881787265615657505442
Operating Profit646162534946434033313326263017
OPM %37.0%38.0%39.0%36.0%36.0%36.0%36.0%36.0%34.0%34.0%37.0%32.0%35.0%36.0%29.0%
Other Income4178129352131811053
Interest1010876465361912101113
Depreciation19171412109776555544
Profit Before Tax39514846423634302423272011203
Tax %10.0%28.0%27.0%30.0%30.0%31.0%30.0%30.0%30.0%34.0%37.0%3.0%35.0%26.0%-31.0%
Net Profit3537353329252421171517197154
Exceptional Items------------------------------
EPS (Rs)5.55.65.35.14.63.94.03.52.92.52.83.944.889.823.3
Sales Growth (YoY)--27.3%31.7%30.6%39.3%36.8%35.0%34.6%29.6%9.3%49.2%--------
Sales Growth (QoQ)--1.9%8.9%6.6%7.9%5.8%7.1%14.3%5.4%4.5%7.2%9.2%-10.6%41.7%--
OP Growth (YoY)30.6%32.6%44.2%32.5%48.5%48.4%30.3%53.8%26.9%3.3%94.1%--------
OP Growth (QoQ)4.9%-1.6%17.0%8.2%6.5%7.0%7.5%21.2%6.5%-6.1%26.9%0.0%-13.3%76.5%--
Profit Growth (YoY)--42.4%44.3%55.8%73.6%69.3%42.3%8.1%131.3%0.7%336.6%--------
EPS Growth (YoY)--42.5%31.9%42.8%58.6%54.5%42.6%-9.4%-93.5%-97.2%-87.8%--------
EPS Growth (QoQ)--4.3%5.3%10.2%17.6%-3.5%14.1%22.4%14.6%-10.9%-27.6%-91.3%-50.1%285.2%--
OP Margin--37.6%39.0%36.3%35.8%36.2%35.8%35.7%33.7%33.3%37.1%31.3%34.2%35.3%28.3%
Net Margin--22.8%22.0%22.6%21.2%19.7%20.0%18.8%17.4%16.1%19.1%22.9%9.2%17.6%6.7%
Material Cost %--6.8%8.3%11.8%12.2%12.8%13.5%14.2%15.6%17.0%11.6%14.6%10.3%12.5%13.3%
Employee Cost %--23.7%21.6%23.1%21.4%20.0%20.6%19.9%20.8%21.2%23.4%22.1%20.4%20.4%23.3%
P/S28.7326.6123.8120.88----------------------
P/E131.87120.94110.9097.18----------------------
P/B11.9910.519.167.48----------------------

Shareholding Pattern

Shareholders:1.3L (-1.4%)
Current MixJun 2026

Exchange Filings

50
Company Update14 Aug 2026

Submission of Transcript of Earning Conference Call held on August 8, 2026

Company Update10 Aug 2026

Monitoring Agency Report for the quarter ended June 30, 2026.

Company Update08 Aug 2026

Newspaper clippings regarding unaudited standalone and consolidated financial results for the quarter ended June 30, 2026

Company Update08 Aug 2026

Newspaper clippings regarding unaudited standalone and consolidated financial results for the quarter ended June 30, 2026

Company Update08 Aug 2026

Link to access the Audio Recording of Earnings Conference Call

Result07 Aug 2026

Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

Company Update07 Aug 2026

Investor Presentation

Board Meeting07 Aug 2026

Outcome of Board Meeting held on August 7, 2026

Company Update22 Jul 2026

We wish to inform that Azad delivered its first Expendable Indigenous Turbo Jet Engine to DRDO (Defence Research and Development Organisation) and the Ministry of Defence , Government of ....

Company Update06 Jul 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Insider Trading / SAST26 Jun 2026

Intimation of Trading Window Closure.

Company Update08 Jun 2026

Schedule of Investor Meet.

Company Update28 May 2026

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby enclose the Annual Secretarial Compliance Report duly issued by Mr. ....

Company Update27 May 2026

Officials of the Company will be attending an Investor Conference organised by Axis Capital on the 2nd of June, 2026, in Mumbai.

Company Update22 May 2026

Transcript of Earnings Conference Call held on 16th May 2026

Company Update16 May 2026

Copy of Newspaper Publication of Audited Financial Results for the quarter and year ended March 31, 2026

Company Update16 May 2026

Audio Recordings of the Earnings Conference Call for the quarter and financial year ended March 31, 2026.

Board Meeting15 May 2026

Audited Financial Results for the quarter and year ended March 31, 2026

Company Update15 May 2026

Investor Presentation

Result15 May 2026

Audited Financial Results for the quarter and financial year ended 31st March 2026

Company Update13 May 2026

Monitoring Agency Report for the quarter ended March 31, 2026.

Company Update13 May 2026

Please be informed that the Earnings Conference Call for analysts and investors is being rescheduled to be held on Saturday, May 16, 2026 at 11:00 A.M. (IST), to discuss the audited financial ....

Company Update12 May 2026

Azad Engineering Limited is hosting Earnings Conference Call for analysts and investors on Saturday, May 16, 2026 at 12:00 P.M. (IST) to discuss the audited financial results of the Company ....

Company Update12 May 2026

Azad Engineering Limited has informed about the reappointment of Mr. Rakesh Chopdar, Whole-time Director, Chairman and CEO, Mrs. Jyoti Chopdar, Whole-time Director and Mr. Vishnu Malpani, ....

Others12 May 2026

Azad Engineering Limited has informed about the reappointment of Mr. Rakesh Chopdar, Whole-Time Director, Chairman and CEO, Mrs. Jyoti Chopdar, Whole-Time Director and Mr. Vishnu Malpani, ....

Company Update12 May 2026

Azad Engineering Limited has informed about Grant of 80,000 Options under Azad ESOP Scheme 2024.

Board Meeting09 May 2026

Azad Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2026 ,inter alia, to consider and approve Audited Financial Results ....

Insider Trading / SAST29 Apr 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nomura India Investment Fund Mother Fund

Company Update23 Apr 2026

Azad Engineering Limited has informed the Exchange about signing of amendment agreement to the strategic supply agreement executed with Nuovo Pignone S.r.l., an organisation part of Baker ....

Company Update23 Apr 2026

Azad Engineering Limited has inaugurated an Exclusive Lean Manufacturing Facility for Baker Hughes at its new plant in Tunikibollaram IP, Hyderabad. We enclose herewith a copy of the Press ....

Company Update02 Apr 2026

Certificate under Regulation 74(5) of SEBI(DP)Regulations, 2018

Insider Trading / SAST27 Mar 2026

Azad Engineering Limited has informed about the Closure of Trading Window

Company Update26 Mar 2026

Azad Engineering Limited has been chosen as a Single Source Supplier Partner and signed a Long term contract and price agreement for 8 years term with Mitsubishi Heavy Industries Limited ....

Company Update25 Mar 2026

Receipt of Communications dated 24th March 2026, wherein Orders have been passed imposing penalty under CGST/SGST Act, 2017 and corresponding provisions of IGST Act, 2017(GST Act)

Company Update07 Mar 2026

We would like to inform you that the officials of the Company will be attending the meeting with Investors/Analysts (Participants) on 13th March 2026.

Company Update20 Feb 2026

Transcript of Earnings Call held on February 14, 2026

Company Update14 Feb 2026

Monitoring Agency Report issued by Care Ratings Limited in respect of utilization of proceeds raised through QIP by the Company for the quarter ended December 31, 2025.

Company Update14 Feb 2026

Monitoring Agency Report issued by Care Ratings Limited in respect of utilization of proceeds raised through QIP by the Company for the quarter ended December 31, 2025.

Company Update14 Feb 2026

Monitoring Agency Report issued by Care Ratings Limited in respect of utilization of proceeds raised through QIP by the Company for quarter ended December 31, 2025.

Company Update14 Feb 2026

Earnings call conference on Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025

Company Update14 Feb 2026

Newspaper Publication of Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025.

Company Update13 Feb 2026

Investor Presentation on Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025

Result13 Feb 2026

Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025

Board Meeting13 Feb 2026

Outcome of Board Meeting held on 13th February 2026

Company Update11 Feb 2026

The Company is hosting Earnings Conference Call for analysts and investors on Saturday, February 14, 2026 at 11:00 A.M. (IST) to discuss the unaudited financial results of the Company for ....

Board Meeting06 Feb 2026

Azad Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....

Company Update22 Jan 2026

M S K A & Associates, Statutory Auditors of the Company have converted themselves into M S K A & associates LLP.

Company Update05 Jan 2026

Certificate under Regulation 74(5) of SEBI (DP)Regulations, 2018

Insider Trading / SAST26 Dec 2025

We hereby inform that the "Trading Window" for trading in equity shares of the Company by all the designated persons and connected persons, shall remain close from January 1, 2026 till ....

Insider Trading / SAST26 Dec 2025

We hereby inform that the "Trading Window" for trading in equity shares of the Company by all the designated persons and connected persons, shall remain close from January 1, 2026 till ....

Annual Reports

2

2025

2024

Credit Ratings

4
careRating update
06 Aug 2025Report
careRating update
23 Jul 2025Report
careRating update
07 Nov 2024Report
careRating update
22 Mar 2024Report

Concalls

10

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Held by ETFs

1 ETFs hold azad · sorted by weight

#ETFWeight %
1

AONETOTAL

AONEAMC - AONETOTAL

0.03%

Held by Mutual Funds

31 schemes hold azad · sorted by weight

#SchemeWeight %
1

Groww Small Cap Fund

Groww Mutual Fund

2.32%
2

Kotak Special Opportunities Fund

Kotak Mahindra Mutual Fund

2.89%
3

Union Small Cap Fund

Union Mutual Fund

2.04%
4

Bandhan Infrastructure Fund

IDFC Mutual Fund

2.29%
5

Union Focused Fund

Union Mutual Fund

1.85%
6

ICICI Prudential Flexicap Fund

ICICI Prudential Mutual Fund

1.52%
7

Kotak Infrastructure and Economic Reform Fund

Kotak Mahindra Mutual Fund

1.21%
8

Groww Multicap Fund

Groww Mutual Fund

1.06%
9

LIC MF Aggressive Hybrid Fund

LIC Mutual Fund

1.00%
10

WhiteOak Capital ELSS Tax Saver Fund

WhiteOak Capital Mutual Fund

0.76%
11

Motilal Oswal Manufacturing Fund

Motilal Oswal Mutual Fund

4.40%
12

Kotak MNC Fund

Kotak Mahindra Mutual Fund

3.15%
13

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

0.65%
14

WhiteOak Capital Multi Cap Fund

WhiteOak Capital Mutual Fund

0.72%
15

WhiteOak Capital Flexi Cap Fund

WhiteOak Capital Mutual Fund

0.72%
16

WhiteOak Capital Mid Cap Fund

WhiteOak Capital Mutual Fund

0.65%
17

Axis Flexi Cap Fund

Axis Mutual Fund

0.53%
18

LIC MF Midcap Fund

LIC Mutual Fund

0.56%
19

Union Multicap Fund

Union Mutual Fund

0.48%
20

WhiteOak Capital Special Opportunities Fund

WhiteOak Capital Mutual Fund

0.42%
21

WhiteOak Capital Balanced Hybrid Fund

WhiteOak Capital Mutual Fund

0.35%
22

WhiteOak Capital Equity Savings Fund

WhiteOak Capital Mutual Fund

0.22%
23

WhiteOak Capital Balanced Advantage Fund

WhiteOak Capital Mutual Fund

0.40%
24

Bandhan Balanced Advantage Fund

IDFC Mutual Fund

0.20%
25

Axis Small Cap Fund

Axis Mutual Fund

0.50%
26

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.03%
27

Edelweiss Equity Savings Fund

Edelweiss Mutual Fund

0.17%
28

ICICI Prudential Balanced Advantage Direct-Growth

ICICI Prudential Mutual Fund

0.17%
29

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.03%
30

WhiteOak Capital Multi Asset Allocation Fund

WhiteOak Capital Mutual Fund

0.16%
31

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.03%