Azad India Mobility Ltd

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Azad India Mobility Ltd

₹ 83.0 -1.04%
06 Oct 9:21 a.m.
azadindiamobility.com BSE: 504731 NSE: AZADIND
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 NSE
  • Market Cap ₹ 452 Cr.
  • Current Price ₹ 83.0
  • High / Low ₹ 177 / 70.4
  • Stock P/E 146
  • Book Value ₹ 24.0
  • Dividend Yield 0.00 %
  • ROCE 3.32 %
  • ROE 2.52 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.47 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 0.70% over last 3 years.
  • Earnings include an other income of Rs.1.45 Cr.
  • Company has high debtors of 161 days.
  • 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.03 7.69 19.81 28.68 8.76 16.45
0.06 0.02 0.08 0.02 0.36 0.39 0.43 8.93 7.77 19.76 28.45 6.85 16.03
Operating Profit -0.06 -0.02 -0.08 -0.02 -0.36 -0.39 -0.43 0.10 -0.08 0.05 0.23 1.91 0.42
OPM % 1.11% -1.04% 0.25% 0.80% 21.80% 2.55%
0.00 0.00 0.00 0.00 0.19 0.52 0.21 0.11 0.19 0.21 0.46 0.37 0.41
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.01 0.01
Depreciation 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.04 0.04 0.03 0.04 0.06 0.04
Profit before tax -0.06 -0.02 -0.08 -0.02 -0.17 0.12 -0.24 0.14 0.07 0.23 0.65 2.21 0.78
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 35.29% 0.00%
-0.06 -0.02 -0.08 -0.02 -0.17 0.13 -0.23 0.15 0.07 0.23 0.65 1.44 0.78
EPS in Rs -0.60 -0.20 -0.80 -0.01 -0.06 0.04 -0.08 0.04 0.02 0.04 0.12 0.26 0.14
Raw PDF

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 TTM
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.03 64.94 73.70
0.21 0.22 0.20 0.18 0.22 0.17 0.13 0.20 0.11 1.29 10.10 62.83 71.09
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 2.61
OPM % -11.85% 3.25% 3.54%
0.13 0.10 0.06 0.08 0.06 0.06 0.05 0.02 0.02 0.08 1.03 1.24 1.45
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 0.02
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 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 3.87
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 3.10
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 0.56
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: 341%
Compounded Profit Growth
10 Years: 36%
5 Years: 100%
3 Years: 206%
TTM: 2483%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 47%
1 Year: -48%
Return on Equity
10 Years: 0%
5 Years: 1%
3 Years: 1%
Last Year: 3%

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 Mar 2026
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 76.00
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 16.73
Total Liabilities 1.16 1.07 0.90 0.78 0.63 0.52 0.43 0.27 0.17 42.93 65.31 147.18
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.60
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.66 3.69
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.60 15.39
1.16 1.07 0.90 0.78 0.63 0.52 0.43 0.27 0.17 42.93 59.48 127.50
Total Assets 1.16 1.07 0.90 0.78 0.63 0.52 0.43 0.27 0.17 42.93 65.31 147.18

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 Mar 2026
-0.24 -0.04 -0.20 0.64 -0.22 -0.13 -0.14 -0.18 -0.10 -1.22 -51.47 -40.63
0.13 0.10 0.06 -0.65 0.21 0.13 0.14 0.44 0.01 0.00 -5.01 -12.78
0.10 0.04 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.96 68.31
Net Cash Flow 0.00 0.09 -0.18 -0.01 0.00 0.01 0.00 0.25 -0.10 -1.22 -41.51 14.90
Free Cash Flow -0.24 -0.04 -0.20 0.64 -0.22 -0.13 -0.14 -0.18 -0.10 -1.22 -54.77 -41.85
CFO/OP 105% 18% 100% -356% 100% 100% 108% 95% 91% 95% 4,810% -1,898%

Ratios

Standalone / 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
Debtor Days 80.03 161.20
Inventory Days 772.01 111.85
Days Payable 75.71 99.52
Cash Conversion Cycle 776.33 173.52
Working Capital Days 2,040.44 520.86
ROCE % -6.30% -10.81% -14.36% -12.05% -22.86% -19.47% -17.02% -52.94% -43.90% -6.00% -0.19% 3.32%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Wholly Owned Subsidiaries (EV Manufacturing Subsidiaries)
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Capital Work-in-Progress (EV Bus Plant Build-out)
INR Lakhs
Raw Material Inventory (Stockpile for EV Bus Production)
INR Lakhs
Permanent Employees on Rolls
count
Value of Imports on CIF Basis (Imported EV Components)
INR Lakhs
Work-in-Progress Inventory (EV Buses Under Production)
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
35.56% 35.56% 1.48% 0.01% 1.21% 1.21% 4.13% 3.59% 15.53% 15.53% 15.53% 15.53%
0.00% 0.00% 64.25% 70.39% 70.39% 70.41% 64.78% 65.74% 48.90% 48.90% 48.70% 48.70%
0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
64.44% 64.44% 34.28% 29.61% 28.41% 28.38% 31.08% 30.67% 35.58% 35.59% 35.78% 35.78%
No. of Shareholders 1,2481,2151,4271,6631,9012,2972,7892,7702,8442,9143,2483,261

* 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

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