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

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

10,934.98
97.95
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

10,880.86
N/A
7.39

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: 22-11-2025)

Description 2024 2025 2026 2027
Adj EPS 14.66 19.44 26.78 36.48
P/E Ratio 115.48 87.09 63.22 46.41
Revenue 443.79 605.64 803.9 1063.28
EBITDA 161.31 215.08 287.96 383.5
Net Income 87.32 124.22 168.18 231.47
ROA 6.57
P/B Ratio 7.84 9.66 8.61 7.47
ROE 8.57 7.6 9.3 11
FCFF -256.03
FCFF Yield -2.47
Net Debt -433.66 287.05 410.95 530.35
BVPS 215.82 175.23 196.73 226.63

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 142.67 111.41 28.06% 134.51 98.41 36.68% 124.52 92.80 34.18% 118.59 89.23 32.90%
Expenses 91.28 71.63 27.43% 86.00 65.36 31.58% 79.08 61.44 28.71% 75.87 56.49 34.31%
EBITDA 51.38 39.79 29.13% 48.51 33.05 46.78% 45.44 31.36 44.90% 42.72 32.74 30.48%
EBIDTM 36.02% 35.71% 36.07% 33.59% 36.49% 33.79% 36.02% 36.69%
Other Income 12.72 1.70 648.24% 9.15 0.61 1,400.00% 3.78 2.77 36.46% 5.46 18.44 -70.39%
Interest 6.40 4.85 31.96% 5.62 3.28 71.34% 3.60 6.03 -40.30% 6.20 19.37 -67.99%
Depreciation 10.89 6.70 62.54% 9.61 6.01 59.90% 8.83 5.46 61.72% 7.05 5.22 35.06%
PBT 46.81 29.94 56.35% 42.43 24.37 74.11% 36.79 22.63 62.57% 34.93 26.58 31.41%
Tax 13.82 8.87 55.81% 12.43 7.24 71.69% 10.75 7.70 39.61% 10.64 9.78 8.79%
PAT 32.99 21.07 56.57% 29.99 17.13 75.07% 26.03 14.93 74.35% 24.29 16.80 44.58%
PATM 23.13% 18.91% 22.30% 17.41% 20.91% 16.09% 20.48% 18.83%
EPS 5.11 3.26 56.75% 4.64 2.65 75.09% 4.03 2.31 74.46% 3.76 2.60 44.62%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 145.63 111.53 30.57% 137.09 98.41 39.30% 126.93 92.80 36.78% 120.48 89.23 35.02%
Expenses 93.08 71.68 29.85% 87.86 65.37 34.40% 81.34 61.44 32.39% 77.66 56.49 37.48%
EBITDA 52.55 39.86 31.84% 49.23 33.04 49.00% 45.59 31.36 45.38% 42.82 32.74 30.79%
EBIDTM 36.08% 35.74% 35.91% 33.58% 35.92% 33.79% 35.54% 36.69%
Other Income 12.25 1.53 700.65% 8.69 0.61 1,324.59% 3.38 2.77 22.02% 5.07 18.44 -72.51%
Interest 6.71 4.87 37.78% 5.91 3.28 80.18% 3.82 6.03 -36.65% 6.42 19.37 -66.86%
Depreciation 11.66 6.77 72.23% 10.14 6.01 68.72% 9.27 5.46 69.78% 7.44 5.22 42.53%
PBT 46.43 29.75 56.07% 41.87 24.36 71.88% 35.88 22.63 58.55% 34.04 26.59 28.02%
Tax 13.82 8.87 55.81% 12.43 7.23 71.92% 11.07 7.70 43.77% 10.32 9.78 5.52%
PAT 32.61 20.88 56.18% 29.43 17.12 71.90% 24.81 14.93 66.18% 23.72 16.80 41.19%
PATM 22.39% 18.72% 21.47% 17.40% 19.55% 16.09% 19.69% 18.83%
EPS 5.07 3.55 42.82% 4.60 2.90 58.62% 3.91 2.53 54.55% 4.05 2.84 42.61%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 520.29 452.93 340.77 251.68 194.47 Net Sales Growth 32.78% 32.91% 35.40% 29.42% Cost Of Goods Sold 65.41 62.72 46.02 30.15 20.76 Gross Profit 454.88 390.20 294.75 221.52 173.71 GP Margin 87.43% 86.15% 86.50% 88.02% 89.32% Total Expenditure 332.23 291.93 224.18 179.36 132.22 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 188.05 161.00 116.59 72.32 62.25 EBITDA Margin 36.14% 35.55% 34.21% 28.73% 32.01% Other Income 31.11 11.55 31.99 9.85 3.35 Interest 21.82 17.94 47.27 52.38 13.62 Depreciation 36.38 28.59 20.53 16.58 13.31 PBT 160.96 126.02 80.79 13.19 38.67 Tax 47.64 37.49 22.21 4.69 10.68 Tax Rate 29.60% 29.75% 27.49% 35.56% 27.62% PAT 113.30 88.53 58.58 8.51 28.00 PAT before Minority Interest 113.30 88.53 58.58 8.51 28.00 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 21.78% 19.55% 17.19% 3.38% 14.40% PAT Growth 62.02% 51.13% 588.37% -69.61% EPS 17.54 13.70 9.07 1.32 4.33

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 530.13 457.35 340.77 251.68 194.47 Net Sales Growth 35.25% 34.21% 35.40% 29.42% Cost Of Goods Sold 66.47 63.68 46.02 30.15 20.76 Gross Profit 463.66 393.68 294.75 221.52 173.71 GP Margin 87.46% 86.08% 86.50% 88.02% 89.32% Total Expenditure 339.94 296.05 224.18 179.40 132.20 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 190.19 161.30 116.59 72.28 62.27 EBITDA Margin 35.88% 35.27% 34.21% 28.72% 32.02% Other Income 29.39 10.59 31.99 9.85 4.80 Interest 22.86 18.39 47.27 52.38 13.62 Depreciation 38.51 29.48 20.53 16.58 13.31 PBT 158.22 124.03 80.79 13.16 40.13 Tax 47.64 37.49 22.21 4.69 10.68 Tax Rate 30.11% 30.23% 27.49% 35.64% 26.61% PAT 110.57 87.31 58.58 8.47 29.46 PAT before Minority Interest 111.65 86.53 58.58 8.47 29.46 Minority Interest 1.08 0.78 0.00 0.00 0.00 PAT Margin 20.86% 19.09% 17.19% 3.37% 15.15% PAT Growth 58.57% 49.04% 591.62% -71.25% EPS 17.12 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 flexicap fund

abu dhabi investment authority - monsoon

nomura india investment fund mother fund

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 Pratt and Whitney Canada Corp
19th Nov 2025, 10:13 AM

The company has signed a Master Terms Agreement & Purchase Agreement for the development and manufacturing of aircraft engine components
Read More
Azad Engineering - Quarterly Results
2nd Nov 2025, 00:00 AM

Read More
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 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: