Azad Engineering, 544061, AZAD Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

11,094.17
111.04
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

10,640.73
N/A
7.80

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
-
22.03

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
17.41

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
117.63

P:E (Median)

8 Years
5 Years
3 Years

P:BV (Average)

8 Years
5 Years
3 Years

EV:EBITDA (Average)

8 Years
5 Years
3 Years

Earnings Forecasts:

(Updated: 04-10-2025)

Description 2024 2025 2026 2027
Adj EPS 14.66 19.57 27.3 37.95
P/E Ratio 117.25 87.83 62.96 45.29
Revenue 443.79 607.35 807.47 1063.73
EBITDA 161.31 214.93 288.4 385.37
Net Income 87.32 124.4 169.9 236.4
ROA 6.57
P/B Ratio 7.96 6.98 6.24 5.44
ROE 8.57 8.4 10.7 13.3
FCFF -256.03 -4.16 -18.55
FCFF Yield -2.56 -0.04 -0.19
Net Debt -433.66 -692.9 -659.7 530.35
BVPS 215.82 246.4 275.3 316.1

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 134.51 98.41 36.68% 124.52 92.80 34.18% 118.59 89.23 32.90% 111.41 82.84 34.49%
Expenses 86.00 65.36 31.58% 79.08 61.44 28.71% 75.87 56.49 34.31% 71.63 56.55 26.67%
EBITDA 48.51 33.05 46.78% 45.44 31.36 44.90% 42.72 32.74 30.48% 39.79 26.29 51.35%
EBIDTM 36.07% 33.59% 36.49% 33.79% 36.02% 36.69% 35.71% 31.73%
Other Income 9.15 0.61 1,400.00% 3.78 2.77 36.46% 5.46 18.44 -70.39% 1.70 10.64 -84.02%
Interest 5.62 3.28 71.34% 3.60 6.03 -40.30% 6.20 19.37 -67.99% 4.85 11.73 -58.65%
Depreciation 9.61 6.01 59.90% 8.83 5.46 61.72% 7.05 5.22 35.06% 6.70 5.07 32.15%
PBT 42.43 24.37 74.11% 36.79 22.63 62.57% 34.93 26.58 31.41% 29.94 20.11 48.88%
Tax 12.43 7.24 71.69% 10.75 7.70 39.61% 10.64 9.78 8.79% 8.87 0.67 1,223.88%
PAT 29.99 17.13 75.07% 26.03 14.93 74.35% 24.29 16.80 44.58% 21.07 19.45 8.33%
PATM 22.30% 17.41% 20.91% 16.09% 20.48% 18.83% 18.91% 23.48%
EPS 4.64 2.65 75.09% 4.03 2.31 74.46% 3.76 2.60 44.62% 3.26 3.01 8.31%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 137.09 98.41 39.30% 126.93 92.80 36.78% 120.48 89.23 35.02% 111.53 82.84 34.63%
Expenses 87.86 65.37 34.40% 81.34 61.44 32.39% 77.66 56.49 37.48% 71.68 56.52 26.82%
EBITDA 49.23 33.04 49.00% 45.59 31.36 45.38% 42.82 32.74 30.79% 39.86 26.31 51.50%
EBIDTM 35.91% 33.58% 35.92% 33.79% 35.54% 36.69% 35.74% 31.77%
Other Income 8.69 0.61 1,324.59% 3.38 2.77 22.02% 5.07 18.44 -72.51% 1.53 10.64 -85.62%
Interest 5.91 3.28 80.18% 3.82 6.03 -36.65% 6.42 19.37 -66.86% 4.87 11.73 -58.48%
Depreciation 10.14 6.01 68.72% 9.27 5.46 69.78% 7.44 5.22 42.53% 6.77 5.07 33.53%
PBT 41.87 24.36 71.88% 35.88 22.63 58.55% 34.04 26.59 28.02% 29.75 20.15 47.64%
Tax 12.43 7.23 71.92% 11.07 7.70 43.77% 10.32 9.78 5.52% 8.87 0.66 1,243.94%
PAT 29.43 17.12 71.90% 24.81 14.93 66.18% 23.72 16.80 41.19% 20.88 19.48 7.19%
PATM 21.47% 17.40% 19.55% 16.09% 19.69% 18.83% 18.72% 23.52%
EPS 4.60 2.90 58.62% 3.91 2.53 54.55% 4.05 2.84 42.61% 3.55 3.93 -9.67%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 489.03 452.93 340.77 251.68 194.47 Net Sales Growth 34.62% 32.91% 35.40% 29.42% Cost Of Goods Sold 63.72 62.72 46.02 30.15 20.76 Gross Profit 425.31 390.20 294.75 221.52 173.71 GP Margin 86.97% 86.15% 86.50% 88.02% 89.32% Total Expenditure 312.58 291.93 224.18 179.36 132.22 Power & Fuel Cost - 16.02 13.56 11.62 6.84 % Of Sales - 3.54% 3.98% 4.62% 3.52% Employee Cost - 90.99 74.27 59.27 46.27 % Of Sales - 20.09% 21.79% 23.55% 23.79% Manufacturing Exp. - 97.64 71.44 59.18 48.76 % Of Sales - 21.56% 20.96% 23.51% 25.07% General & Admin Exp. - 15.82 13.26 11.55 7.75 % Of Sales - 3.49% 3.89% 4.59% 3.99% Selling & Distn. Exp. - 1.93 1.42 1.86 0.27 % Of Sales - 0.43% 0.42% 0.74% 0.14% Miscellaneous Exp. - 6.80 4.22 5.74 1.56 % Of Sales - 1.50% 1.24% 2.28% 0.80% EBITDA 176.46 161.00 116.59 72.32 62.25 EBITDA Margin 36.08% 35.55% 34.21% 28.73% 32.01% Other Income 20.09 11.55 31.99 9.85 3.35 Interest 20.27 17.94 47.27 52.38 13.62 Depreciation 32.19 28.59 20.53 16.58 13.31 PBT 144.09 126.02 80.79 13.19 38.67 Tax 42.69 37.49 22.21 4.69 10.68 Tax Rate 29.63% 29.75% 27.49% 35.56% 27.62% PAT 101.38 88.53 58.58 8.51 28.00 PAT before Minority Interest 101.38 88.53 58.58 8.51 28.00 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 20.73% 19.55% 17.19% 3.38% 14.40% PAT Growth 48.41% 51.13% 588.37% -69.61% EPS 15.69 13.70 9.07 1.32 4.33

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 496.03 457.35 340.77 251.68 194.47 Net Sales Growth 36.54% 34.21% 35.40% 29.42% Cost Of Goods Sold 65.13 63.68 46.02 30.15 20.76 Gross Profit 430.90 393.68 294.75 221.52 173.71 GP Margin 86.87% 86.08% 86.50% 88.02% 89.32% Total Expenditure 318.54 296.05 224.18 179.40 132.20 Power & Fuel Cost - 16.54 13.56 11.62 6.84 % Of Sales - 3.62% 3.98% 4.62% 3.52% Employee Cost - 92.87 74.27 59.27 46.27 % Of Sales - 20.31% 21.79% 23.55% 23.79% Manufacturing Exp. - 97.93 71.44 59.18 48.76 % Of Sales - 21.41% 20.96% 23.51% 25.07% General & Admin Exp. - 16.15 13.26 11.58 7.74 % Of Sales - 3.53% 3.89% 4.60% 3.98% Selling & Distn. Exp. - 1.94 1.42 1.86 0.27 % Of Sales - 0.42% 0.42% 0.74% 0.14% Miscellaneous Exp. - 6.94 4.22 5.74 1.56 % Of Sales - 1.52% 1.24% 2.28% 0.80% EBITDA 177.50 161.30 116.59 72.28 62.27 EBITDA Margin 35.78% 35.27% 34.21% 28.72% 32.02% Other Income 18.67 10.59 31.99 9.85 4.80 Interest 21.02 18.39 47.27 52.38 13.62 Depreciation 33.62 29.48 20.53 16.58 13.31 PBT 141.54 124.03 80.79 13.16 40.13 Tax 42.69 37.49 22.21 4.69 10.68 Tax Rate 30.16% 30.23% 27.49% 35.64% 26.61% PAT 98.84 87.31 58.58 8.47 29.46 PAT before Minority Interest 99.92 86.53 58.58 8.47 29.46 Minority Interest 1.08 0.78 0.00 0.00 0.00 PAT Margin 19.93% 19.09% 17.19% 3.37% 15.15% PAT Growth 44.65% 49.04% 591.62% -71.25% EPS 15.30 13.52 9.07 1.31 4.56

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,417.60 645.11 204.03 120.02 Share Capital 12.92 11.82 1.65 1.51 Total Reserves 1,404.69 633.28 202.38 118.50 Non-Current Liabilities 212.29 53.79 236.81 136.24 Secured Loans 167.90 27.11 220.28 121.69 Unsecured Loans 0.00 0.00 0.38 0.67 Long Term Provisions 4.59 3.61 2.56 2.25 Current Liabilities 241.94 112.80 160.82 152.02 Trade Payables 78.96 49.91 49.48 42.52 Other Current Liabilities 80.50 44.65 40.60 42.03 Short Term Borrowings 46.69 0.40 55.32 53.80 Short Term Provisions 35.80 17.84 15.42 13.66 Total Liabilities 1,871.83 811.70 601.66 408.28 Net Block 414.15 257.27 209.68 137.43 Gross Block 502.04 316.57 248.45 159.62 Accumulated Depreciation 87.89 59.30 38.77 22.19 Non Current Assets 663.52 375.37 305.39 236.45 Capital Work in Progress 79.78 45.43 37.99 23.66 Non Current Investment 0.02 0.00 6.28 6.28 Long Term Loans & Adv. 144.68 46.50 42.76 60.28 Other Non Current Assets 24.89 26.16 8.68 8.80 Current Assets 1,208.31 436.33 296.27 171.83 Current Investments 0.00 0.00 0.00 0.00 Inventories 188.48 132.96 86.06 57.38 Sundry Debtors 221.58 169.95 118.66 74.63 Cash & Bank 695.92 58.92 52.72 17.66 Other Current Assets 102.32 17.65 1.83 0.95 Short Term Loans & Adv. 95.62 56.85 36.99 21.21 Net Current Assets 966.37 323.53 135.45 19.80 Total Assets 1,871.83 811.70 601.66 408.28

Description Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,393.79 645.06 203.99 120.01 Share Capital 12.92 11.82 1.65 1.51 Total Reserves 1,380.87 633.24 202.34 118.49 Non-Current Liabilities 237.56 53.79 237.01 136.44 Secured Loans 170.87 27.11 220.28 121.69 Unsecured Loans 0.00 0.00 0.58 0.87 Long Term Provisions 4.59 3.61 2.56 2.25 Current Liabilities 247.42 112.85 160.86 152.04 Trade Payables 80.11 49.95 49.50 42.55 Other Current Liabilities 82.70 44.65 40.62 42.03 Short Term Borrowings 48.81 0.40 55.32 53.80 Short Term Provisions 35.80 17.84 15.42 13.66 Total Liabilities 1,878.01 811.70 601.86 408.49 Net Block 436.03 257.27 216.65 144.40 Gross Block 524.81 316.57 255.42 166.59 Accumulated Depreciation 88.78 59.30 38.77 22.19 Non Current Assets 663.69 375.37 305.58 236.65 Capital Work in Progress 79.78 45.43 37.99 23.66 Non Current Investment 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 122.99 46.50 42.26 59.79 Other Non Current Assets 24.89 26.16 8.68 8.80 Current Assets 1,214.31 436.33 296.28 171.84 Current Investments 0.00 0.00 0.00 0.00 Inventories 189.30 132.96 86.06 57.38 Sundry Debtors 223.48 169.95 118.66 74.63 Cash & Bank 697.03 58.92 52.73 17.67 Other Current Assets 104.51 17.65 1.83 0.95 Short Term Loans & Adv. 98.66 56.85 36.99 21.21 Net Current Assets 966.89 323.49 135.42 19.80 Total Assets 1,878.00 811.70 601.86 408.49

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 62.88 -6.95 -10.21 20.94 PBT 126.02 80.79 13.19 38.67 Adjustment 42.33 75.67 67.23 25.45 Changes in Working Capital -87.95 -148.77 -80.99 -38.41 Cash after chg. in Working capital 80.40 7.68 -0.57 25.72 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -17.52 -14.62 -9.64 -4.78 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -923.25 -55.25 -101.15 -114.24 Net Fixed Assets -219.82 -75.56 -103.16 Net Investments -0.02 6.28 0.00 Others -703.41 14.03 2.01 Cash from Financing Activity 872.56 70.99 126.33 96.04 Net Cash Inflow / Outflow 12.19 8.79 14.98 2.74 Opening Cash & Equivalents 28.19 19.39 4.42 1.68 Closing Cash & Equivalent 40.38 28.19 19.39 4.42

Description Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 53.67 -6.95 -10.21 20.94 PBT 124.03 80.79 13.16 40.13 Adjustment 44.64 75.67 67.23 25.45 Changes in Working Capital -97.48 -148.78 -80.96 -39.87 Cash after chg. in Working capital 71.18 7.67 -0.57 25.72 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -17.52 -14.62 -9.64 -4.78 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -917.71 -55.26 -101.15 -114.20 Net Fixed Assets -219.82 -75.56 -103.16 Net Investments -0.02 6.28 0.00 Others -697.87 14.02 2.01 Cash from Financing Activity 876.69 70.99 126.34 95.91 Net Cash Inflow / Outflow 12.65 8.78 14.98 2.65 Opening Cash & Equivalents 28.19 19.41 4.42 1.77 Closing Cash & Equivalent 40.83 28.19 19.41 4.42

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 219.51 109.13 41.17 26.44 ROA 6.60% 8.29% 1.68% 6.86% ROE 8.58% 13.80% 5.25% 23.33% ROCE 12.31% 21.58% 15.97% 16.50% Fixed Asset Turnover 1.11 1.21 1.23 1.22 Receivable days 157.76 154.57 140.17 140.08 Inventory Days 129.52 117.30 104.01 107.69 Payable days 374.95 394.13 556.87 747.56 Cash Conversion Cycle -87.67 -122.26 -312.69 -499.80 Total Debt/Equity 0.17 0.06 1.47 1.64 Interest Cover 8.03 2.71 1.25 3.84

Description Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 215.82 109.12 41.16 26.44 ROA 6.43% 8.29% 1.68% 8.86% ROE 8.49% 13.80% 5.23% 27.93% ROCE 12.28% 21.58% 15.95% 21.68% Fixed Asset Turnover 1.09 1.19 1.19 1.31 Receivable days 156.99 154.57 140.17 119.38 Inventory Days 128.59 117.30 104.01 86.02 Payable days 372.76 394.39 557.14 701.89 Cash Conversion Cycle -87.17 -122.52 -312.96 -496.49 Total Debt/Equity 0.17 0.06 1.47 1.64 Interest Cover 7.74 2.71 1.25 3.95

Top Investors:

icici prudential balanced advantage fund

abu dhabi investment authority - monsoon

nomura india investment fund mother fund

tree line asia master fund (singapore) pte ltd

kotak infrastructure & economic reform fund

ashoka whiteoak icav - ashoka whiteoak india oppor

nomura funds ireland public limited company- nomur

the nomura trust and banking co., ltd as the trust

Annual Reports:

FY 2025

FY 2024

FY 2023

News Update:

AZAD Engineering signs agreement with Mitsubishi Heavy Industries, Japan
27th Sep 2025, 14:44 PM

The said contract is expected to be completed in 5 years
Read More
Azad Engineering inaugurates lean manufacturing facility in Hyderabad
18th Sep 2025, 16:00 PM

This facility will serve and support the supply of highly engineered and complex rotating and stationary Airfoils
Read More
Azad Engineering reports 74% jump in Q1 consolidated net profit
5th Aug 2025, 12:17 PM

The total consolidated income of the company increased by 47.22% at Rs 145.78 crore for Q1FY26
Read More
Azad Engineering - Quarterly Results
4th Aug 2025, 18:50 PM

Read More

Azad Engineering Ltd.

Engineering - Industrial Equipments

BSE: 544061 | NSE: AZAD

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

Azad Engineering Ltd.

Engineering - Industrial Equipments

BSE: 544061 | NSE: AZAD

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: