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AZAD ENGINEERING LIMITED

AZAD ENGINEERING LIMITED

NSE: AZAD
Specialty Industrial MachineryIndustrialsMID CAPMCap ₹17.70k Cr
₹2,741.00₹-8.80 (-0.32%)

Market Closed • NSE

Market cap₹17.70k Cr
Enterprise value₹18.06k Cr
P/E TTM127.55
Forward P/E74.15
P/B11.58
EPS TTM₹21.49
Forward EPS₹36.97
ROCE11.90%
D/E0.31
Dividend yield0.00%
Face value₹2.00
52W high₹3,127.90
52W low₹1,360.00
Price chart(1Y)
1Y Return:+27.48% (+₹590.90)
H: ₹3,127.9L: ₹1,959
1W-7.66%
1M+5.21%
3M+15.24%
6M+29.84%
1Y+66.65%
Today at a glance

Day range

₹2,691.10₹2,832.10

52 week range

₹1,360.00₹3,127.90
Volume710.0K0.64x 20D avg
Free float50.00%-35.60% volume

AZAD ENGINEERING LIMITED closed at INR2741.00 (-0.32%) on volume 0.64x its 20-day average, trading 12.37% below its 52-week high.

Technical analysis
RSI (14)44.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹131.76High
SMA 20₹2,853.02BEARISH
SMA 50₹2,791.98BEARISH
SMA 100₹2,508.27BULLISH
SMA 200₹2,120.55BULLISH
CPR bottom₹2,791.75
Pivot₹2,777.77
CPR top₹2,763.78
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -5.4% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹474.0 Cr₹17.70k Cr2.68%≤ 33%PASS
Non-halal income ratio–₹603.0 Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹2.20k Cr—≥ 20%PASS
Receivables ratio–₹2.20k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E127.5528.10
Forward P/E74.15—
P/B11.583.00
EV/EBITDA80.3018.00
PEG—1.10
Earnings yield0.803.60
Growth & profitability
RevenuePAT
FY25PAT margin 19.10%
FY26PAT margin 22.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y0.00%
Revenue CAGR 5Y+5.70%
PAT CAGR 3Y+0.30%
PAT CAGR 5Y+8.90%
Operating margin26.50%
Net margin21.76%
Financial health & cash flow
Net debt₹474.0 CrModerate
Interest coverage7.30xEBIT / interest
CFO / PAT-0.89x3Y average
Net debt / EBITDA2.11xLeverage
Operating cash flow₹-11900.0 Lakh
Capital expenditure–
Free cash flow₹-11900.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation35/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.31x

Risks

Stretched Valuation: Trading at a high P/E multiple of 127.5x

Bull case

Market Leadership: Established operational scale in Specialty Industrial Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · September 2024

Ownership distribution

Sept 2024Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024
23.62%Institutional holding
20.53%Public holding
1Periods available
0.00%Promoter pledged
1.33LShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)32.48%-6.31% latest vs average
Highest delivery49.13%on 23 Sept
Average volume (20D)1.10MTrading-session average
Conviction trendWeakening-6.31% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About AZAD ENGINEERING LIMITED
AZAD ENGINEERING LIMITED

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]

IndiaIndustrials

Questions investors ask
Is AZAD ENGINEERING LIMITED Shariah compliant?

AZAD ENGINEERING LIMITED is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.68%) complies with AAOIFI threshold (≤ 33%).

What is AZAD ENGINEERING LIMITED's current valuation relative to peers?

AZAD ENGINEERING LIMITED trades at a P/E of 127.5x compared to the sector median of 28.1x, and a Price-to-Book of 11.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.31x and a Net Debt to EBITDA ratio of 2.11x. Interest coverage is 7.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 5.7% while net profit growth averaged 8.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.