Nifty

:

24154.90

Sensex

:

77235.46

-132.75 (-0.55%)
-492.70 (-0.63%)

Login

Nifty
Sensex

:
:

24154.90
77235.46

-132.75 (-0.55%)
-492.70 (-0.63%)

Azad Engineering Ltd.

Engineering - Industrial Equipments

Rating :

80/99

BSE: 544061 | NSE: AZAD

Watchlist

NSE BSE

2858.90

18-Aug-2026

Open
High
Low
Previous Close

2885
2889
2787.4
2899.90

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

773291
2199285638.5
2986.6
1360

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

18,468.44
132.89
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

18,736.44
N/A
11.81

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

-
-
120.53

P:BV (Average)

8 Years
5 Years
3 Years

-
-
9.86

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
60.02

Earnings Forecasts:

(Updated: 15-08-2026)

Description 2026 2027 2028 2029
Adj EPS 74 9 36.99 19.57
P/E Ratio 38.63 317.66 77.29 146.09
Revenue 80.33 56.47 37.99 604.57
EBITDA 797.33 1072.18 1519.93 218.58
Net Income 289.68 394.45 569.33 124.85
ROA 165.66 228.54 383.3 18.7
P/B Ratio -15.00 -15.12 -11.86 12.16
ROE 7.87 6.87 5.7 8.42
FCFF 10.11 12.54 16.16 -146.7
FCFF Yield -101.96 -34.83 - -1.07
Net Debt -0.75 -0.25 - -629.65
BVPS -190.65 -189.05 -241.15 235.13

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 170.52 134.51 26.77% 157.39 124.52 26.40% 155.80 118.59 31.38% 142.67 111.41 28.06%
Expenses 106.45 86.00 23.78% 99.63 79.08 25.99% 95.72 75.87 26.16% 91.28 71.63 27.43%
EBITDA 64.07 48.51 32.08% 57.76 45.44 27.11% 60.09 42.72 40.66% 51.38 39.79 29.13%
EBIDTM 37.57% 36.07% 36.70% 36.49% 38.57% 36.02% 36.02% 35.71%
Other Income 4.02 9.15 -56.07% 17.04 3.78 350.79% 8.62 5.46 57.88% 12.72 1.70 648.24%
Interest 10.09 5.62 79.54% 9.63 3.60 167.50% 8.06 6.20 30.00% 6.40 4.85 31.96%
Depreciation 17.91 9.61 86.37% 16.04 8.83 81.65% 13.55 7.05 92.20% 10.89 6.70 62.54%
PBT 40.09 42.43 -5.51% 49.14 36.79 33.57% 47.10 34.93 34.84% 46.81 29.94 56.35%
Tax 3.74 12.43 -69.91% 14.01 10.75 30.33% 13.06 10.64 22.74% 13.82 8.87 55.81%
PAT 36.35 29.99 21.21% 35.13 26.03 34.96% 34.04 24.29 40.14% 32.99 21.07 56.57%
PATM 21.32% 22.30% 22.32% 20.91% 21.85% 20.48% 23.13% 18.91%
EPS 5.63 4.64 21.34% 5.44 4.03 34.99% 5.27 3.76 40.16% 5.11 3.26 56.75%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 172.60 137.09 25.90% 161.54 126.93 27.27% 158.72 120.48 31.74% 145.63 111.53 30.57%
Expenses 108.24 87.86 23.20% 100.22 81.34 23.21% 96.50 77.66 24.26% 93.08 71.68 29.85%
EBITDA 64.36 49.23 30.73% 61.32 45.59 34.50% 62.22 42.82 45.31% 52.55 39.86 31.84%
EBIDTM 37.29% 35.91% 37.96% 35.92% 39.20% 35.54% 36.08% 35.74%
Other Income 3.55 8.69 -59.15% 16.58 3.38 390.53% 8.14 5.07 60.55% 12.25 1.53 700.65%
Interest 10.32 5.91 74.62% 9.86 3.82 158.12% 8.34 6.42 29.91% 6.71 4.87 37.78%
Depreciation 18.62 10.14 83.63% 16.80 9.27 81.23% 14.24 7.44 91.40% 11.66 6.77 72.23%
PBT 38.96 41.87 -6.95% 51.23 35.88 42.78% 47.78 34.04 40.36% 46.43 29.75 56.07%
Tax 3.80 12.43 -69.43% 14.43 11.07 30.35% 13.06 10.32 26.55% 13.82 8.87 55.81%
PAT 35.16 29.43 19.47% 36.80 24.81 48.33% 34.72 23.72 46.37% 32.61 20.88 56.18%
PATM 20.37% 21.47% 22.78% 19.55% 21.87% 19.69% 22.39% 18.72%
EPS 5.54 4.60 20.43% 5.57 3.91 42.46% 5.34 4.05 31.85% 5.07 3.55 42.82%

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 626.38 452.93 340.77 251.68 194.47 120.51 Net Sales Growth 28.09% 32.91% 35.40% 29.42% 61.37% Cost Of Goods Sold 49.32 62.72 46.02 30.15 20.76 13.75 Gross Profit 577.06 390.20 294.75 221.52 173.71 106.76 GP Margin 92.13% 86.15% 86.50% 88.02% 89.32% 88.59% Total Expenditure 393.08 291.93 224.18 179.36 132.22 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 233.30 161.00 116.59 72.32 62.25 28.70 EBITDA Margin 37.25% 35.55% 34.21% 28.73% 32.01% 23.82% Other Income 42.40 11.55 31.99 9.85 3.35 4.16 Interest 34.18 17.94 47.27 52.38 13.62 4.89 Depreciation 58.39 28.59 20.53 16.58 13.31 8.87 PBT 183.14 126.02 80.79 13.19 38.67 19.09 Tax 44.63 37.49 22.21 4.69 10.68 5.58 Tax Rate 24.37% 29.75% 27.49% 35.56% 27.62% 29.23% PAT 138.51 88.53 58.58 8.51 28.00 13.51 PAT before Minority Interest 138.51 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 22.11% 19.55% 17.19% 3.38% 14.40% 11.21% PAT Growth 36.62% 51.13% 588.37% -69.61% 107.25% EPS 21.44 13.70 9.07 1.32 4.33 2.09

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 638.49 457.35 340.77 251.68 194.47 122.72 Net Sales Growth 28.72% 34.21% 35.40% 29.42% 58.47% Cost Of Goods Sold 51.04 63.68 46.02 30.15 20.76 13.81 Gross Profit 587.45 393.68 294.75 221.52 173.71 108.91 GP Margin 92.01% 86.08% 86.50% 88.02% 89.32% 88.75% Total Expenditure 398.04 296.05 224.18 179.40 132.20 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 240.45 161.30 116.59 72.28 62.27 28.15 EBITDA Margin 37.66% 35.27% 34.21% 28.72% 32.02% 22.94% Other Income 40.52 10.59 31.99 9.85 4.80 2.31 Interest 35.23 18.39 47.27 52.38 13.62 5.35 Depreciation 61.32 29.48 20.53 16.58 13.31 8.87 PBT 184.40 124.03 80.79 13.16 40.13 16.24 Tax 45.11 37.49 22.21 4.69 10.68 4.74 Tax Rate 24.46% 30.23% 27.49% 35.64% 26.61% 29.19% PAT 139.29 87.31 58.58 8.47 29.46 11.50 PAT before Minority Interest 138.99 86.53 58.58 8.47 29.46 11.50 Minority Interest -0.30 0.78 0.00 0.00 0.00 0.00 PAT Margin 21.82% 19.09% 17.19% 3.37% 15.15% 9.37% PAT Growth 40.92% 49.04% 591.62% -71.25% 156.17% EPS 21.56 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:

icici prudential balanced advantage fund

abu dhabi investment authority - monsoon

axis mutual fund trustee limited a/c axis mutual f

whiteoak capital flexi cap fund

nomura india investment fund mother fund

kotak infrastructure & economic reform fund

Annual Reports:

News Update:

Azad Engineering - Quarterly Results
8th Aug 2026, 00:00 AM

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.

Feedback