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Nifty
Sensex

:
:

24631.30
80597.66

11.95 (0.05%)
57.75 (0.07%)

Azad Engineering Ltd.

Engineering - Industrial Equipments

Rating :

72/99

BSE: 544061 | NSE: AZAD

Watchlist

NSE BSE

1550.80

14-Aug-2025

Open
High
Low
Previous Close

1522.8
1555.6
1519.4
1518.70

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

135456
209272468.4
1929.8
1159.45

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

10,009.85
100.19
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

9,556.40
N/A
7.03

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
-
20.56

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
13.36

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
25.75

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: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 11.2 14.66 22.7 33.9
P/E Ratio 138.46 105.78 68.32 45.75
Revenue 328 457 613 831
EBITDA 117 161 221 301
Net Income 59 87 129 183
ROA 8.5 6.6
P/B Ratio 14.21 7.19 6.00 5.36
ROE 13.8 8.57 8.8 11.6
FCFF -128 37 -113 24
FCFF Yield -1.16 0.34 -1.03 0.22
Net Debt -19 -434 -157 -108
BVPS 109.13 215.82 258.35 289.35

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

Right to Left

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

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

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22
Shareholder's Funds 645.11 204.03 120.02 Share Capital 11.82 1.65 1.51 Total Reserves 633.28 202.38 118.50 Non-Current Liabilities 53.79 236.81 136.24 Secured Loans 27.11 220.28 121.69 Unsecured Loans 0.00 0.38 0.67 Long Term Provisions 3.61 2.56 2.25 Current Liabilities 112.80 160.82 152.02 Trade Payables 49.91 49.48 42.52 Other Current Liabilities 44.65 40.60 42.03 Short Term Borrowings 0.40 55.32 53.80 Short Term Provisions 17.84 15.42 13.66 Total Liabilities 811.70 601.66 408.28 Net Block 257.27 209.68 137.43 Gross Block 316.57 248.45 159.62 Accumulated Depreciation 59.30 38.77 22.19 Non Current Assets 375.37 305.39 236.45 Capital Work in Progress 45.43 37.99 23.66 Non Current Investment 0.00 6.28 6.28 Long Term Loans & Adv. 46.50 42.76 60.28 Other Non Current Assets 26.16 8.68 8.80 Current Assets 436.33 296.27 171.83 Current Investments 0.00 0.00 0.00 Inventories 132.96 86.06 57.38 Sundry Debtors 169.95 118.66 74.63 Cash & Bank 58.92 52.72 17.66 Other Current Assets 74.50 1.83 0.95 Short Term Loans & Adv. 56.85 36.99 21.21 Net Current Assets 323.53 135.45 19.80 Total Assets 811.70 601.66 408.28

Description Mar 24 Mar 23 Mar 22
Shareholder's Funds 645.06 203.99 120.01 Share Capital 11.82 1.65 1.51 Total Reserves 633.24 202.34 118.49 Non-Current Liabilities 53.79 237.01 136.44 Secured Loans 27.11 220.28 121.69 Unsecured Loans 0.00 0.58 0.87 Long Term Provisions 3.61 2.56 2.25 Current Liabilities 112.85 160.86 152.04 Trade Payables 49.95 49.50 42.55 Other Current Liabilities 44.65 40.62 42.03 Short Term Borrowings 0.40 55.32 53.80 Short Term Provisions 17.84 15.42 13.66 Total Liabilities 811.70 601.86 408.49 Net Block 257.27 216.65 144.40 Gross Block 316.57 255.42 166.59 Accumulated Depreciation 59.30 38.77 22.19 Non Current Assets 375.37 305.58 236.65 Capital Work in Progress 45.43 37.99 23.66 Non Current Investment 0.00 0.00 0.00 Long Term Loans & Adv. 46.50 42.26 59.79 Other Non Current Assets 26.16 8.68 8.80 Current Assets 436.33 296.28 171.84 Current Investments 0.00 0.00 0.00 Inventories 132.96 86.06 57.38 Sundry Debtors 169.95 118.66 74.63 Cash & Bank 58.92 52.73 17.67 Other Current Assets 74.50 1.83 0.95 Short Term Loans & Adv. 56.85 36.99 21.21 Net Current Assets 323.49 135.42 19.80 Total Assets 811.70 601.86 408.49

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

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

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

Financial Ratios

Standalone /

Consolidated

Right to Left

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

Description Mar 24 Mar 23 Mar 22
Book Value (Rs.) 109.12 41.16 26.44 ROA 8.29% 1.68% 8.86% ROE 13.80% 5.23% 27.93% ROCE 21.58% 15.95% 21.68% Fixed Asset Turnover 1.19 1.19 1.31 Receivable days 154.57 140.17 119.38 Inventory Days 117.30 104.01 86.02 Payable days 394.39 557.14 701.89 Cash Conversion Cycle -122.52 -312.96 -496.49 Total Debt/Equity 0.06 1.47 1.64 Interest Cover 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:

News Update:

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

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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