Market Data
Market Cap₹17,605.95 Cr.
52W High₹2,986.4
Current Price₹2,726.15
52W Low₹1,358.7
Down from 52W High8.7 %
Face Value₹2
Performance
ROCE11.06 %
ROE9.09 %
EPS (TTM)₹5.53
EPS Prev Qtr₹5.57
EPS Last Year₹5.05
EBITDA Qtr₹45.74 Cr.
Book Value₹237
Financial Health
Debt/Equity0.3
Debt/Profit3.28
Total Assets₹2,200.042 Cr.
Promoter Holding55.84 %
Earning Power8.14 %
Valuation
Stock P/E126.86
Industry P/E88.53
Price to Book11.52
Price to Sales27.57
Graham Number₹338.27
Key Metrics
Face Value
₹2
About Azad Engineering Ltd
Capital Goods · Aerospace & Defence
Azad Engineering Ltd is listed on NSE in the Capital Goods / Aerospace & Defence sector. Face value ₹2. Market cap ₹17,605.95 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a manageable debt-to-equity ratio of 0.17, indicating low financial leverage.
- The company boasts a promoter holding of 55.84%, suggesting strong control and alignment of interests.
Weaknesses
- The P/E ratio of 130.49 is significantly high, indicating that the stock may be overvalued relative to earnings.
- The P/B ratio of 12.99 is elevated, suggesting that the market values the company at a premium over its book value.
- The Return on Equity (ROE) of 9.99% is relatively low, indicating less efficient use of equity capital.
- The Return on Capital Employed (ROCE) of 13.41% is modest, reflecting average efficiency in generating returns from capital employed.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd | - | 34 | ₹3,16,932.47 Cr | 0.74% | ₹9,321.41 Cr | - | ₹33,784.98 Cr | - | 30.31% | 0 |
| Bharat Electronics Ltd | - | 45.95 | ₹2,82,157.46 Cr | 0.65% | ₹6,106.7 Cr | - | ₹28,717.35 Cr | - | 34.08% | 0 |
| Solar Industries India Ltd | - | 87.25 | ₹1,73,740.91 Cr | 0.06% | ₹2,050.39 Cr | - | ₹11,351.49 Cr | - | 38.01% | 0.23 |
| Mazagon Dock Shipbuilders Ltd | - | 30.2 | ₹86,323.32 Cr | 0.85% | ₹2,691.85 Cr | - | ₹13,323.42 Cr | - | 35.33% | 0.05 |
| Bharat Dynamics Ltd | - | 78.39 | ₹40,831.4 Cr | 0.44% | ₹520.77 Cr | - | ₹2,766.1 Cr | - | 16.83% | 0 |
| Cochin Shipyard Ltd | - | 51.39 | ₹34,960.8 Cr | 0.11% | ₹680.13 Cr | - | ₹5,047.49 Cr | - | 15.17% | 0.19 |
| Garden Reach Shipbuilders & Engineers Ltd | - | 32.12 | ₹25,722.65 Cr | 0.87% | ₹800.6 Cr | - | ₹7,506.9 Cr | - | 52.1% | 0 |
| Data Patterns (India) Ltd | - | 89.4 | ₹23,953.86 Cr | 0.23% | ₹267.93 Cr | - | ₹941.47 Cr | - | 220.23% | 0.34 |
| ITI Ltd | - | 89.76 | ₹23,681.34 Cr | - | ₹324.16 Cr | - | ₹2,110.73 Cr | - | 16.42% | 0.95 |
| MTAR Technologies Ltd | - | 162.33 | ₹21,665.67 Cr | - | ₹133.45 Cr | - | ₹1,080.34 Cr | - | 18.3% | 0.45 |
| Azad Engineering Ltd | - | 126.86 | ₹17,605.95 Cr | - | ₹139.3 Cr | - | ₹638.49 Cr | - | 11.06% | 0.3 |
| Sigma Advanced System Ltd | - | 95.33 | ₹17,576.72 Cr | - | ₹166.56 Cr | - | ₹860.95 Cr | - | 26.49% | 0.64 |
| Aequs Ltd | - | - | ₹17,433.95 Cr | - | ₹-170.22 Cr | - | ₹1,370.41 Cr | - | -1.46% | 0.61 |
| BEML Ltd | - | 82.12 | ₹16,633.65 Cr | 0.27% | ₹178.46 Cr | - | ₹4,536.15 Cr | - | 9.2% | 0.08 |
| Apollo Micro Systems Ltd | - | 118.01 | ₹15,172.41 Cr | 0.06% | ₹114.92 Cr | - | ₹1,022.03 Cr | - | 11.81% | 0.42 |
| Astra Microwave Products Ltd | - | 79.87 | ₹15,097.68 Cr | 0.15% | ₹189.04 Cr | - | ₹1,139.74 Cr | - | 20.18% | 0.39 |
| Zen Technologies Ltd | - | 82.01 | ₹14,839.67 Cr | 0.06% | ₹196.7 Cr | - | ₹671.11 Cr | - | 14.46% | 0 |
| Paras Defence and Space Technologies Ltd | - | 111.81 | ₹10,560.57 Cr | 0.08% | ₹95.93 Cr | - | ₹511.29 Cr | - | 19.82% | 0.04 |
| Dynamatic Technologies Ltd | - | 210.08 | ₹8,915.87 Cr | 0.08% | ₹42.43 Cr | - | ₹1,675.22 Cr | - | 10.28% | 0.63 |
| Unimech Aerospace and Manufacturing Ltd | - | 114.37 | ₹8,236.02 Cr | - | ₹72.53 Cr | - | ₹285.12 Cr | - | 14.73% | 0.11 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 145.63 | 158.72 | 161.54 | 172.6 |
| ↳ QoQ Growth | - | +9.0% | +1.8% | +6.8% |
| Expenses | 104.74 | 110.74 | 117.02 | 126.86 |
| Operating Profit | 40.89 | 47.98 | 44.52 | 45.74 |
| OPM % | 28.08% | 30.23% | 27.56% | 26.5% |
| Other Income | 12.25 | 8.14 | 16.58 | 3.55 |
| Interest | 6.71 | 8.34 | 9.86 | 10.32 |
| Depreciation | 11.66 | 14.24 | 16.81 | 18.62 |
| EBITDA | 52.55 | 62.22 | 61.33 | 64.36 |
| EBITDA Margin % | 36.08% | 39.2% | 37.97% | 37.29% |
| Profit Before Tax | 46.43 | 47.78 | 51.24 | 38.97 |
| Tax % | 29.77% | 27.33% | 28.16% | 9.78% |
| Net Profit | 32.61 | 34.72 | 36.81 | 35.16 |
| ↳ QoQ Growth | - | +6.5% | +6.0% | -4.5% |
| EPS | 5.05 | 5.34 | 5.57 | 5.53 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 12.92 | 12.916 |
| Reserves | 1380.87 | 1515.982 |
| Borrowings | 263.36 | 456.64 |
| Other Liabilities | 203.55 | 214.5 |
| Total Liabilities | 1860.7 | 2200.042 |
| Fixed Assets | 436.03 | 779.344 |
| CWIP | 79.78 | 256.682 |
| Investments | 0 | 0 |
| Other Assets | 1344.89 | 1164.02 |
| Total Assets | 1860.7 | 2200.042 |
Cash Flows
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from Operating Activity | 53.667 | -118.966 |
| Cash from Investing Activity | -917.707 | -71.422 |
| Cash from Financing Activity | 876.687 | 174.147 |
| Net Cash Flow | 12.647 | -16.241 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 55.42% | 55.84% | 55.84% | 55.84% |
| FIIs % | 15.76% | 15.33% | 14.75% | 13.3% |
| DIIs % | 9.84% | 10.73% | 11.71% | 10.32% |
| Public % | 15.47% | 14.64% | 14.36% | 16.7% |
| No. of Shareholders | 1,27,716 | 1,25,118 | 1,26,786 | 1,33,221 |
Major Shareholders (>1%)
- Rakesh ChopdarPromoter and Promoter Group54.88%
- Icici Prudential Balanced Advantage FundPublic Shareholding3.51%
- Abu Dhabi Investment Authority - MonsoonPublic Shareholding1.74%
- Axis Mutual Fund Trustee Limited A/c Axis Mutual FPublic Shareholding1.59%
As of 2026-06-30View all shareholders →