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:

24330.95

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:

77958.52

298.15 (1.24%)
940.73 (1.22%)

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Nifty
Sensex

:
:

24330.95
77958.52

298.15 (1.24%)
940.73 (1.22%)

Azad Engineering Ltd.

Engineering - Industrial Equipments

Rating :

77/99

BSE: 544061 | NSE: AZAD

Watchlist

NSE BSE

2194.30

06-May-2026

Open
High
Low
Previous Close

2170.7
2220
2150.8
2153.80

Volume
Traded Value (lacs)
52 Week High
52 Week Low

385890
843626706.6
2267.5
1360

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

14,172.46
115.95
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

14,118.34
N/A
9.36

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
30.10
22.03

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
41.79
17.41

PAT CAGR (%)

10 Years
5 Years
3 Years

-
49.99
117.63

P:E (Median)

8 Years
5 Years
3 Years

-
-
131.05

P:BV (Average)

8 Years
5 Years
3 Years

-
-
9.91

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
60.67

Earnings Forecasts:

(Updated: 02-05-2026)

Description 2024 2025 2026 2027
Adj EPS 14.66 19.57 25.79 36.14
P/E Ratio 149.68 112.13 85.08 60.72
Revenue 443.79 605.47 798.81 1059.24
EBITDA 161.31 218.34 289.16 385.38
Net Income 87.32 125.99 164.71 227.06
ROA 6.57 18.7 17.6 23.3
P/B Ratio 10.17 9.30 7.94 6.89
ROE 8.57 8.52 10.18 12.63
FCFF -256.03 -72.5 -38.21 15.36
FCFF Yield -1.86 -0.53 -0.28 0.11
Net Debt -433.66 -629.65 -559.8 -538.15
BVPS 215.82 235.9 276.2 318.3

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 155.80 118.59 31.38% 142.67 111.41 28.06% 134.51 98.41 36.68% 124.52 92.80 34.18%
Expenses 95.72 75.87 26.16% 91.28 71.63 27.43% 86.00 65.36 31.58% 79.08 61.44 28.71%
EBITDA 60.09 42.72 40.66% 51.38 39.79 29.13% 48.51 33.05 46.78% 45.44 31.36 44.90%
EBIDTM 38.57% 36.02% 36.02% 35.71% 36.07% 33.59% 36.49% 33.79%
Other Income 8.62 5.46 57.88% 12.72 1.70 648.24% 9.15 0.61 1,400.00% 3.78 2.77 36.46%
Interest 8.06 6.20 30.00% 6.40 4.85 31.96% 5.62 3.28 71.34% 3.60 6.03 -40.30%
Depreciation 13.55 7.05 92.20% 10.89 6.70 62.54% 9.61 6.01 59.90% 8.83 5.46 61.72%
PBT 47.10 34.93 34.84% 46.81 29.94 56.35% 42.43 24.37 74.11% 36.79 22.63 62.57%
Tax 13.06 10.64 22.74% 13.82 8.87 55.81% 12.43 7.24 71.69% 10.75 7.70 39.61%
PAT 34.04 24.29 40.14% 32.99 21.07 56.57% 29.99 17.13 75.07% 26.03 14.93 74.35%
PATM 21.85% 20.48% 23.13% 18.91% 22.30% 17.41% 20.91% 16.09%
EPS 5.27 3.76 40.16% 5.11 3.26 56.75% 4.64 2.65 75.09% 4.03 2.31 74.46%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 158.72 120.48 31.74% 145.63 111.53 30.57% 137.09 98.41 39.30% 126.93 92.80 36.78%
Expenses 96.50 77.66 24.26% 93.08 71.68 29.85% 87.86 65.37 34.40% 81.34 61.44 32.39%
EBITDA 62.22 42.82 45.31% 52.55 39.86 31.84% 49.23 33.04 49.00% 45.59 31.36 45.38%
EBIDTM 39.20% 35.54% 36.08% 35.74% 35.91% 33.58% 35.92% 33.79%
Other Income 8.14 5.07 60.55% 12.25 1.53 700.65% 8.69 0.61 1,324.59% 3.38 2.77 22.02%
Interest 8.34 6.42 29.91% 6.71 4.87 37.78% 5.91 3.28 80.18% 3.82 6.03 -36.65%
Depreciation 14.24 7.44 91.40% 11.66 6.77 72.23% 10.14 6.01 68.72% 9.27 5.46 69.78%
PBT 47.78 34.04 40.36% 46.43 29.75 56.07% 41.87 24.36 71.88% 35.88 22.63 58.55%
Tax 13.06 10.32 26.55% 13.82 8.87 55.81% 12.43 7.23 71.92% 11.07 7.70 43.77%
PAT 34.72 23.72 46.37% 32.61 20.88 56.18% 29.43 17.12 71.90% 24.81 14.93 66.18%
PATM 21.87% 19.69% 22.39% 18.72% 21.47% 17.40% 19.55% 16.09%
EPS 5.34 4.05 31.85% 5.07 3.55 42.82% 4.60 2.90 58.62% 3.91 2.53 54.55%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 557.50 452.93 340.77 251.68 194.47 120.51 Net Sales Growth 32.36% 32.91% 35.40% 29.42% 61.37% Cost Of Goods Sold 62.84 62.72 46.02 30.15 20.76 13.75 Gross Profit 494.66 390.20 294.75 221.52 173.71 106.76 GP Margin 88.73% 86.15% 86.50% 88.02% 89.32% 88.59% Total Expenditure 352.08 291.93 224.18 179.36 132.22 91.81 Power & Fuel Cost - 16.02 13.56 11.62 6.84 5.59 % Of Sales - 3.54% 3.98% 4.62% 3.52% 4.64% Employee Cost - 90.99 74.27 59.27 46.27 31.62 % Of Sales - 20.09% 21.79% 23.55% 23.79% 26.24% Manufacturing Exp. - 97.64 71.44 59.18 48.76 32.99 % Of Sales - 21.56% 20.96% 23.51% 25.07% 27.38% General & Admin Exp. - 15.82 13.26 11.55 7.75 7.12 % Of Sales - 3.49% 3.89% 4.59% 3.99% 5.91% Selling & Distn. Exp. - 1.93 1.42 1.86 0.27 0.20 % Of Sales - 0.43% 0.42% 0.74% 0.14% 0.17% Miscellaneous Exp. - 6.80 4.22 5.74 1.56 0.53 % Of Sales - 1.50% 1.24% 2.28% 0.80% 0.44% EBITDA 205.42 161.00 116.59 72.32 62.25 28.70 EBITDA Margin 36.85% 35.55% 34.21% 28.73% 32.01% 23.82% Other Income 34.27 11.55 31.99 9.85 3.35 4.16 Interest 23.68 17.94 47.27 52.38 13.62 4.89 Depreciation 42.88 28.59 20.53 16.58 13.31 8.87 PBT 173.13 126.02 80.79 13.19 38.67 19.09 Tax 50.06 37.49 22.21 4.69 10.68 5.58 Tax Rate 28.91% 29.75% 27.49% 35.56% 27.62% 29.23% PAT 123.05 88.53 58.58 8.51 28.00 13.51 PAT before Minority Interest 123.05 88.53 58.58 8.51 28.00 13.51 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 22.07% 19.55% 17.19% 3.38% 14.40% 11.21% PAT Growth 58.94% 51.13% 588.37% -69.61% 107.25% EPS 19.05 13.70 9.07 1.32 4.33 2.09

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 568.37 457.35 340.77 251.68 194.47 122.72 Net Sales Growth 34.30% 34.21% 35.40% 29.42% 58.47% Cost Of Goods Sold 63.28 63.68 46.02 30.15 20.76 13.81 Gross Profit 505.09 393.68 294.75 221.52 173.71 108.91 GP Margin 88.87% 86.08% 86.50% 88.02% 89.32% 88.75% Total Expenditure 358.78 296.05 224.18 179.40 132.20 94.57 Power & Fuel Cost - 16.54 13.56 11.62 6.84 5.72 % Of Sales - 3.62% 3.98% 4.62% 3.52% 4.66% Employee Cost - 92.87 74.27 59.27 46.27 32.60 % Of Sales - 20.31% 21.79% 23.55% 23.79% 26.56% Manufacturing Exp. - 97.93 71.44 59.18 48.76 33.44 % Of Sales - 21.41% 20.96% 23.51% 25.07% 27.25% General & Admin Exp. - 16.15 13.26 11.58 7.74 7.04 % Of Sales - 3.53% 3.89% 4.60% 3.98% 5.74% Selling & Distn. Exp. - 1.94 1.42 1.86 0.27 0.20 % Of Sales - 0.42% 0.42% 0.74% 0.14% 0.16% Miscellaneous Exp. - 6.94 4.22 5.74 1.56 1.76 % Of Sales - 1.52% 1.24% 2.28% 0.80% 1.43% EBITDA 209.59 161.30 116.59 72.28 62.27 28.15 EBITDA Margin 36.88% 35.27% 34.21% 28.72% 32.02% 22.94% Other Income 32.46 10.59 31.99 9.85 4.80 2.31 Interest 24.78 18.39 47.27 52.38 13.62 5.35 Depreciation 45.31 29.48 20.53 16.58 13.31 8.87 PBT 171.96 124.03 80.79 13.16 40.13 16.24 Tax 50.38 37.49 22.21 4.69 10.68 4.74 Tax Rate 29.30% 30.23% 27.49% 35.64% 26.61% 29.19% PAT 121.57 87.31 58.58 8.47 29.46 11.50 PAT before Minority Interest 122.25 86.53 58.58 8.47 29.46 11.50 Minority Interest 0.68 0.78 0.00 0.00 0.00 0.00 PAT Margin 21.39% 19.09% 17.19% 3.37% 15.15% 9.37% PAT Growth 58.60% 49.04% 591.62% -71.25% 156.17% EPS 18.82 13.52 9.07 1.31 4.56 1.78

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,417.60 645.11 204.03 120.02 101.39 Share Capital 12.92 11.82 1.65 1.51 5.41 Total Reserves 1,404.69 633.28 202.38 118.50 95.97 Non-Current Liabilities 212.29 53.79 236.81 136.24 45.25 Secured Loans 167.90 27.11 220.28 121.69 35.16 Unsecured Loans 0.00 0.00 0.38 0.67 1.59 Long Term Provisions 4.59 3.61 2.56 2.25 1.63 Current Liabilities 241.94 112.80 160.82 152.02 113.08 Trade Payables 78.96 49.91 49.48 42.52 41.49 Other Current Liabilities 80.50 44.65 40.60 42.03 37.80 Short Term Borrowings 46.69 0.40 55.32 53.80 29.89 Short Term Provisions 35.80 17.84 15.42 13.66 3.91 Total Liabilities 1,871.83 811.70 601.66 408.28 259.72 Net Block 414.15 257.27 209.68 137.43 114.06 Gross Block 502.04 316.57 248.45 159.62 157.75 Accumulated Depreciation 87.89 59.30 38.77 22.19 43.69 Non Current Assets 663.52 375.37 305.39 236.45 129.24 Capital Work in Progress 79.78 45.43 37.99 23.66 0.00 Non Current Investment 0.02 0.00 6.28 6.28 6.29 Long Term Loans & Adv. 144.68 46.50 42.76 60.28 8.89 Other Non Current Assets 24.89 26.16 8.68 8.80 0.00 Current Assets 1,208.31 436.33 296.27 171.83 122.85 Current Investments 0.00 0.00 0.00 0.00 0.00 Inventories 188.48 132.96 86.06 57.38 29.49 Sundry Debtors 221.58 169.95 118.66 74.63 53.33 Cash & Bank 695.92 58.92 52.72 17.66 20.31 Other Current Assets 102.32 17.65 1.83 0.95 19.71 Short Term Loans & Adv. 95.62 56.85 36.99 21.21 14.26 Net Current Assets 966.37 323.53 135.45 19.80 9.77 Total Assets 1,871.83 811.70 601.66 408.28 259.71

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,393.79 645.06 203.99 120.01 90.89 Share Capital 12.92 11.82 1.65 1.51 1.51 Total Reserves 1,380.87 633.24 202.34 118.49 89.38 Non-Current Liabilities 237.56 53.79 237.01 136.44 52.63 Secured Loans 170.87 27.11 220.28 121.69 39.67 Unsecured Loans 0.00 0.00 0.58 0.87 1.79 Long Term Provisions 4.59 3.61 2.56 2.25 1.41 Current Liabilities 247.42 112.85 160.86 152.04 112.76 Trade Payables 80.11 49.95 49.50 42.55 37.30 Other Current Liabilities 82.70 44.65 40.62 42.03 40.82 Short Term Borrowings 48.81 0.40 55.32 53.80 29.84 Short Term Provisions 35.80 17.84 15.42 13.66 4.80 Total Liabilities 1,878.01 811.70 601.86 408.49 256.28 Net Block 436.03 257.27 216.65 144.40 121.08 Gross Block 524.81 316.57 255.42 166.59 129.95 Accumulated Depreciation 88.78 59.30 38.77 22.19 8.87 Non Current Assets 663.69 375.37 305.58 236.65 130.06 Capital Work in Progress 79.78 45.43 37.99 23.66 0.00 Non Current Investment 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 122.99 46.50 42.26 59.79 1.92 Other Non Current Assets 24.89 26.16 8.68 8.80 7.07 Current Assets 1,214.31 436.33 296.28 171.84 126.22 Current Investments 0.00 0.00 0.00 0.00 0.00 Inventories 189.30 132.96 86.06 57.38 34.29 Sundry Debtors 223.48 169.95 118.66 74.63 52.58 Cash & Bank 697.03 58.92 52.73 17.67 17.18 Other Current Assets 104.51 17.65 1.83 0.95 22.17 Short Term Loans & Adv. 98.66 56.85 36.99 21.21 19.13 Net Current Assets 966.89 323.49 135.42 19.80 13.46 Total Assets 1,878.00 811.70 601.86 408.49 256.28

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

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

Right to Left

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:

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axis mutual fund trustee limited a/c axis mutual f

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Annual Reports:

News Update:

Azad Engineering inaugurates lean manufacturing facility in Hyderabad
23rd Apr 2026, 15:45 PM

This facility is built to meet growing commitments to support global energy technology company, Baker Hughes
Read More
Azad Engineering signs long term contract & price agreement with MHI
27th Mar 2026, 10:10 AM

The company has been chosen as a single source supplier partner for 8 years term
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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