Azad Engineering Ltd

Azad Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Azad Engineering Ltd

₹ 1,598 -1.27%
07 Nov 9:57 a.m.
azad.in BSE: 544061 NSE: AZAD
About

Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines and supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.[1]

Key Points

Business Overview
The company manufactures highly engineered, complex, mission and life-critical high-precision forged and machined components like 3D rotating airfoils and blade portions of turbine engines and other critical components for gas, nuclear, and thermal turbines. [1] It has a portfolio of 1,700 parts and components and 45+ specialized manufacturing processes.[2]

Website BSE NSE
  • Market Cap ₹ 10,319 Cr.
  • Current Price ₹ 1,598
  • High / Low ₹ 1,930 / 1,128
  • Stock P/E 91.1
  • Book Value ₹ 229
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 8.58 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.2% CAGR over last 5 years

Cons

  • Stock is trading at 7.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.43% over last 3 years.
  • Company has high debtors of 179 days.

* 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 Electrical Equipment Heavy Electrical Equipment

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
60 85 76 83 89 93 98 111 119 125 135 143
42 54 50 57 56 61 65 72 76 79 86 91
Operating Profit 17 30 26 26 33 31 33 40 43 45 49 51
OPM % 29% 36% 35% 32% 37% 34% 34% 36% 36% 36% 36% 36%
3 5 0 11 18 3 1 2 5 4 9 13
Interest 13 11 10 12 19 6 3 5 6 4 6 6
Depreciation 4 4 5 5 5 5 6 7 7 9 10 11
Profit before tax 3 20 11 20 27 23 24 30 35 37 42 47
Tax % -30% 26% 35% 3% 37% 34% 30% 30% 30% 29% 29% 30%
4 15 7 19 17 15 17 21 24 26 30 33
EPS in Rs 23.19 89.96 44.80 3.92 2.84 2.53 2.90 3.56 4.11 4.03 4.64 5.11
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
122 121 194 252 341 453 520
81 92 132 179 224 292 332
Operating Profit 41 29 62 72 117 161 188
OPM % 34% 24% 32% 29% 34% 36% 36%
1 4 3 10 32 12 31
Interest 6 5 14 52 47 18 22
Depreciation 7 9 13 17 21 29 36
Profit before tax 30 19 39 13 81 126 161
Tax % 29% 29% 28% 36% 27% 30%
21 14 28 9 59 89 113
EPS in Rs 139.44 89.28 185.04 51.52 9.91 13.71 17.89
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 33%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 47%
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2 2 2 2 12 13 13
Reserves 85 91 118 202 633 1,405 1,468
61 87 197 300 39 252 300
49 77 87 85 113 185 162
Total Liabilities 198 257 404 589 797 1,855 1,943
101 114 137 210 257 414 522
CWIP 0 0 24 38 45 80 155
Investments 7 6 6 6 0 0 0
90 136 237 335 494 1,361 1,266
Total Assets 198 257 404 589 797 1,855 1,943

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
37 34 21 -10 -7 63
-28 -29 -114 -101 -55 -923
-7 7 96 126 71 873
Net Cash Flow 1 12 3 15 9 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 122 159 140 172 182 179
Inventory Days 489 910 1,009 1,042 1,055 1,097
Days Payable 851 977 748 599 396 460
Cash Conversion Cycle -240 92 401 615 841 816
Working Capital Days 12 -7 4 120 283 218
ROCE % 15% 21% 16% 21% 12%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
65.90% 65.90% 65.90% 65.90% 65.90% 60.32% 55.42% 55.42%
4.68% 6.98% 9.69% 9.74% 9.98% 14.23% 16.16% 15.76%
5.71% 5.00% 3.44% 5.74% 6.57% 8.23% 8.91% 9.84%
23.70% 22.13% 20.98% 18.61% 17.56% 17.21% 19.53% 18.99%
No. of Shareholders 1,35,0901,06,2311,02,4451,28,8461,17,6131,24,5391,27,6921,27,716

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

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