Azad India Mobility Ltd

₹ 99.0 -6.56%

02 Jun - close price

About

Incorporated in 1960, Azad India Mobility Ltd is in the business of manufacturing of steel bars^[1]

Key Points

Business Overview:^[1]
On April 30th, 2024, the company approved a change in its business objective, adopting a new focus on manufacturing, assembling, and trading various electric vehicles, including electric buses, cars, rickshaws, carts, vans, cycles, scooters, and other battery-powered vehicles.

Website BSE

Market Cap ₹ 539 Cr.
Current Price ₹ 99.0
High / Low ₹ 177 / 75.2
Stock P/E 226
Book Value ₹ 23.6
Dividend Yield 0.00 %
ROCE 5.20 %
ROE 4.04 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 4.20 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 15.5%
Company has a low return on equity of 0.89% over last 3 years.
Earnings include an other income of Rs.1.24 Cr.
Promoter holding has decreased over last 3 years: -20.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.03	7.69	19.81	28.68	8.76
	0.02	0.06	0.02	0.08	0.02	0.36	0.39	0.43	8.93	7.77	19.76	28.45	6.85
Operating Profit	-0.02	-0.06	-0.02	-0.08	-0.02	-0.36	-0.39	-0.43	0.10	-0.08	0.05	0.23	1.91
OPM %									1.11%	-1.04%	0.25%	0.80%	21.80%
	0.00	0.00	0.00	0.00	0.00	0.19	0.52	0.21	0.11	0.19	0.21	0.46	0.37
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.04	0.04	0.03	0.04	0.06
Profit before tax	-0.02	-0.06	-0.02	-0.08	-0.02	-0.17	0.12	-0.24	0.14	0.07	0.23	0.65	2.21
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	35.29%
	-0.02	-0.06	-0.02	-0.08	-0.02	-0.17	0.13	-0.23	0.15	0.07	0.23	0.65	1.44
EPS in Rs	-0.20	-0.60	-0.20	-0.80	-0.01	-0.06	0.04	-0.08	0.04	0.02	0.04	0.12	0.26
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.03	64.94
	0.21	0.22	0.20	0.18	0.22	0.17	0.13	0.20	0.11	1.29	10.10	62.83
Operating Profit	-0.21	-0.22	-0.20	-0.18	-0.22	-0.17	-0.13	-0.20	-0.11	-1.29	-1.07	2.11
OPM %											-11.85%	3.25%
	0.13	0.10	0.06	0.08	0.06	0.06	0.05	0.02	0.02	0.08	1.03	1.24
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.17
Profit before tax	-0.08	-0.12	-0.14	-0.10	-0.16	-0.11	-0.08	-0.18	-0.09	-1.21	-0.13	3.17
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-153.85%	24.61%
	-0.08	-0.12	-0.14	-0.11	-0.16	-0.11	-0.08	-0.18	-0.09	-1.21	0.07	2.39
EPS in Rs	-0.80	-1.20	-1.40	-1.10	-1.60	-1.10	-0.80	-1.80	-0.90	-0.50	0.02	0.44
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	619%

Compounded Profit Growth
10 Years:	36%
5 Years:	100%
3 Years:	206%
TTM:	3314%

Stock Price CAGR
10 Years:	18%
5 Years:	40%
3 Years:	64%
1 Year:	-33%

Return on Equity
10 Years:	0%
5 Years:	1%
3 Years:	1%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	24.13	35.18	54.44
Reserves	0.07	-0.05	-0.20	-0.30	-0.46	-0.57	-0.65	-0.83	-0.92	18.74	24.02	73.91
	0.08	0.12	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.00	2.00	0.01
	0.01	0.00	0.02	0.00	0.01	0.01	0.00	0.02	0.01	0.06	4.11	6.74
Total Liabilities	1.16	1.07	0.90	0.78	0.63	0.52	0.43	0.27	0.17	42.93	65.31	135.10
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.57	7.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.66	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.60	3.50
	1.16	1.07	0.90	0.78	0.63	0.52	0.43	0.27	0.17	42.93	59.48	124.60
Total Assets	1.16	1.07	0.90	0.78	0.63	0.52	0.43	0.27	0.17	42.93	65.31	135.10

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0.24	-0.04	-0.20	0.64	-0.22	-0.13	-0.14	-0.18	-0.10	-1.22	3.33
	0.13	0.10	0.06	-0.65	0.21	0.13	0.14	0.44	0.01	0.00	0.89
	0.10	0.04	-0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.78
Net Cash Flow	0.00	0.09	-0.18	-0.01	0.00	0.01	0.00	0.25	-0.10	-1.22	3.44
Free Cash Flow	-0.24	-0.04	-0.20	0.64	-0.22	-0.13	-0.14	-0.18	-0.10	-1.22	3.33
CFO/OP	105%	18%	100%	-356%	100%	100%	108%	95%	91%	95%	-311%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days											80.03
Inventory Days											772.01
Days Payable											75.71
Cash Conversion Cycle											776.33
Working Capital Days											2,040.44
ROCE %	-6.30%	-10.81%	-14.36%	-12.05%	-22.86%	-19.47%	-17.02%	-52.94%	-43.90%	-6.00%	-0.19%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operational Activity Status (Revenue from Operations)
INR Lakhs

x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xxx.xx
					x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
								x	x	xx
										xxx.xx
										xx.xx

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Trade Receivables Turnover Ratio
Times

E-Bus Sales Volume
Units

Preoperative Expenses Capitalized for EV Plant
INR Lakhs

Provisional Land Allotment for EV Manufacturing
Acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	35.56%	35.56%	35.56%	1.48%	0.01%	1.21%	1.21%	4.13%	3.59%	15.53%	15.53%	15.53%
	0.00%	0.00%	0.00%	64.25%	70.39%	70.39%	70.41%	64.78%	65.74%	48.90%	48.90%	48.70%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	64.44%	64.44%	64.44%	34.28%	29.61%	28.41%	28.38%	31.08%	30.67%	35.58%	35.59%	35.78%
No. of Shareholders	1,209	1,248	1,215	1,427	1,663	1,901	2,297	2,789	2,770	2,844	2,914	3,248

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35.56%	35.56%	35.56%	35.56%	35.56%	35.56%	35.56%	1.48%	4.13%	15.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	64.25%	64.78%	48.70%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	64.44%	64.44%	64.44%	64.44%	64.44%	64.44%	64.44%	34.28%	31.08%	35.78%
No. of Shareholders	536	539	546	556	569	1,095	1,178	1,427	2,789	3,248

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Azad India Mobility Ltd

Azad India Mobility Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports