| Quarterly Financials | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 62 | 90 | 76 | 94 | 108 | 96 | 99 | 113 | 126 | 130 | 146 | 158 |
| Expenses | 42 | 55 | 50 | 57 | 57 | 61 | 65 | 72 | 78 | 81 | 88 | 93 |
| EBITDA | 20 | 35 | 26 | 37 | 51 | 34 | 34 | 41 | 48 | 49 | 58 | 65 |
| Operating Profit % | 29 % | 36 % | 35 % | 32 % | 37 % | 34 % | 34 % | 36 % | 36 % | 36 % | 36 % | 36 % |
| Depreciation | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 7 | 7 | 9 | 10 | 12 |
| Interest | 13 | 11 | 10 | 12 | 19 | 6 | 3 | 5 | 6 | 4 | 6 | 7 |
| Profit Before Tax | 3 | 20 | 12 | 20 | 27 | 23 | 24 | 30 | 34 | 36 | 42 | 46 |
| Tax | -1 | 5 | 4 | 1 | 10 | 8 | 7 | 9 | 10 | 11 | 12 | 14 |
| Net Profit | 4 | 15 | 7 | 19 | 17 | 15 | 17 | 21 | 24 | 25 | 29 | 33 |
| EPS in ₹ | 0.83 | 1.80 | 44.80 | 3.93 | 3.37 | 2.85 | 2.90 | 3.55 | 4.05 | 4.15 | 4.56 | 5.05 |
Azad Engineering
Azad Engineering
1,611.20
-7.10
(-0.44%)
Key Fundamentals
Market Cap
10,405.40 Cr
EPS
14.66
PE Ratio
94.25
Dividend Yield
0.00 %
Industry
Capital Goods 52 Week High
1,929.80
52 Week Low
1,159.45
PB Ratio
7.05
Debt to Equity
0.15
Sector
Electrical Equipment Analyst Rating and Forecast
- By Refinitiv from4 analysts
Actual
Company News
View All News
Azad Engineering Limited delivered its best quarterly and half-yearly performance with Q2 FY26 revenues reaching INR 143 crores, up 28.1% year-on-year. EBITDA margins improved to 36% from 35.7% in Q2 FY25, while PAT margin increased to 23.1% from 18.9%. Half-yearly revenue stood at INR 277 crores compared to INR 210 crores in H1 FY25. The company inaugurated a new lean manufacturing facility for Siemens at its Hyderabad plant for highly engineered rotating and stationary airfoils. Mitsubishi awarded Phase 2 contract, bringing combined contract value to INR 1,387 crores over 5 years. The company signed its first MOU with Safran Aircraft Engines for critical rotating engine components for strategic defence platforms. Energy and Oil & Gas segment contributed 81% of revenues at INR 117 crores, while Aerospace and Defence segment grew 34% year-on-year contributing 16.9% of revenues. The company maintains revenue growth guidance of 25-30% for the year.
Azad Engineering reported a 60% year-on-year increase in net profit to ₹33 crore for Q2FY26, compared to ₹20.5 crore in the previous year. Revenue grew 30.6% to ₹145.6 crore from ₹111.5 crore, while EBITDA increased 32.1% to ₹53.2 crore with margins at 36.5%. The Energy & Oil & Gas segment contributed ₹226.1 crore in H1FY26, accounting for 35.7% of total revenue, while Aerospace & Defence recorded ₹47.1 crore, representing 30.3% of revenue. Exports formed 34% of the revenue mix at ₹260.4 crore in H1FY26. The company's orderbook strengthened with the Phase 2 Mitsubishi contract valued at ₹13,870 million. Management expects 25% to 30% topline growth for the year. Shares closed at ₹1,695.95, down 0.16% on BSE.
Azad Engineering reported Q2 revenue of ₹1.4 billion compared to ₹1.1 billion in the same quarter last year. The company's EBITDA increased to ₹514 million from ₹398 million year-over-year. EBITDA margin improved to 36.02% versus 35.73% in the corresponding period last year.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
733.25 | #1 1,15,463.50 | 108.58 | 10,070.80 | 23.53 | 973 | 29.51 | 46.10 | |
3,033.40 | 1,08,025.60 | 44.09 | 12,193.00 | 15.54 | 1,606 | -26.76 | 37.34 | |
5,016.50 | 1,06,303.80 | 60.23 | 9,569.53 | 16.69 | 1,267 | -7.15 | 35.25 | |
3,276.20 | 94,119.70 | 33.65 | 14,846.10 | 27.62 | 1,928 | 133.75 | 38.19 | |
20,863.00 | 92,991.30 | 129.76 | 6,442.10 | 22.78 | 384 | 405.54 | 72.68 | |
263.85 | 91,874.20 | 164.81 | #1 28,804.80 | 17.86 | 534 | 253.01 | 68.83 | |
3,073.20 | 78,688.20 | 85.64 | 4,354.90 | 36.50 | 608 | 107.12 | 54.72 | |
57.38 | 78,659.50 | #1 24.63 | 10,993.10 | 67.39 | #1 2,072 | #1 537.79 | 53.56 | |
1,029.80 | 46,420.70 | 39.10 | 6,652.10 | #1 109.76 | 937 | 71.64 | 43.88 | |
3,190.90 | 38,021.60 | 56.86 | 10,640.90 | 11.35 | 627 | 38.39 | 45.95 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
25.51 %
Net Income Growth
47.61 %
Cash Flow Change
872.23 %
ROE
-31.61 %
ROCE
-52.35 %
EBITDA Margin (Avg.)
-7.85 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 256 | 404 | 589 | 797 | 1,861 |
| Fixed Assets | 121 | 144 | 217 | 257 | 436 |
| Current Assets | 126 | 168 | 284 | 422 | 1,197 |
| Capital Work in Progress | 0 | 24 | 38 | 45 | 80 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 135 | 236 | 335 | 494 | 1,345 |
| Total Liabilities | 256 | 404 | 589 | 797 | 1,861 |
| Current Liabilities | 113 | 148 | 148 | 98 | 230 |
| Non Current Liabilities | 53 | 136 | 237 | 54 | 238 |
| Total Equity | 91 | 120 | 204 | 645 | 1,393 |
| Reserve & Surplus | 89 | 119 | 202 | 633 | 1,381 |
| Share Capital | 2 | 2 | 2 | 12 | 13 |
Cash Flow
| Cash Flow | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -6 | 3 | 15 | 9 | 13 |
| Investing Activities | -35 | -114 | -101 | -55 | -918 |
| Operating Activities | 5 | 21 | -10 | -7 | 54 |
| Financing Activities | 24 | 96 | 126 | 71 | 877 |
Share Holding
| % Holding | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 86.51 % | 65.90 % | 65.90 % | 65.90 % | 65.90 % | 65.90 % | 60.32 % | 55.42 % | 55.42 % |
| FIIs | 0.00 % | 0.00 % | 6.98 % | 9.68 % | 9.74 % | 9.98 % | 14.23 % | 16.15 % | 15.76 % |
| DIIs | 0.00 % | 5.67 % | 5.00 % | 3.43 % | 5.74 % | 6.56 % | 8.24 % | 8.91 % | 9.84 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 19.30 % | 17.82 % | 16.80 % | 15.66 % | 14.81 % | 14.74 % | 16.16 % | 15.47 % |
| Others | 13.49 % | 9.13 % | 4.30 % | 4.18 % | 2.96 % | 2.75 % | 2.47 % | 3.36 % | 3.51 % |
| No of Share Holders | 64 | 1,81,378 | 1,06,231 | 1,02,445 | 1,28,846 | 1,17,613 | 1,24,139 | 1,27,692 | 1,27,716 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 Sept 2024 |  Annual General Meeting | NA | 27 Sept 2024 | 1,577.35 | 1,499.05 |
| 11 Nov 2024 |  Quarterly Result Announcement | NA | 11 Nov 2024 | 1,575.35 | 1,641.55 |
| 28 Jan 2025 |  Extraordinary General Meeting | NA | 28 Jan 2025 | 1,885.45 | 1,423.70 |
| 04 Feb 2025 | Quarterly Result Announcement | NA | 04 Feb 2025 | 1,423.70 | 1,490.20 |
| 23 May 2025 | Quarterly Result Announcement | NA | 23 May 2025 | 1,756.35 | 1,818.10 |
| 04 Aug 2025 | Quarterly Result Announcement | NA | 04 Aug 2025 | 1,499.70 | 1,450.80 |
| 30 Sept 2025 | Annual General Meeting | NA | 30 Sept 2025 | 1,650.10 | 1,595.15 |
| 01 Nov 2025 | Quarterly Result Announcement | NA | 01 Nov 2025 | 1,663.80 | 1,695.95 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 hours ago
6 hours agoAnnouncement under Regulation 30 (LODR)-Monitoring Agency Report3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation7 days ago
7 days agoFinancial Results As On September 30 20257 days ago
7 days agoBoard Meeting Outcome for Outcome Of Board Meeting Held On November 1 20257 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 28, 2025
Oct 28, 2025Board Meeting Intimation for To Consider And Approve Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025Oct 25, 2025
Oct 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 13, 2025
Oct 13, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Oct 07, 2025Appointment Of Secretarial Auditor As Approved By The Shareholders Of The Company At The 42Nd Annual General Meeting Held On 30Th September 2025Oct 01, 2025
Oct 01, 2025 Scrutinizer ReportOct 01, 2025
Oct 01, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Inauguration Of Lean Manufacturing FacilitySep 18, 2025
Sep 18, 2025Inauguration Of Lean Manufacturing FacilitySep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 09, 2025
Sep 09, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 08, 2025
Sep 08, 2025Reg. 34 (1) Annual Report.Sep 08, 2025
Sep 08, 2025Information Pertaining To The 42Nd Annual General Meeting (AGM) Book Closure Date And Cut-Off Date For Remote E-Voting And Voting At The AGM.Sep 08, 2025
Sep 08, 2025Intimation Under Regulations 30 And 36(1)(B) Of The SEBI Listing Regulations.Sep 08, 2025
Sep 08, 2025Intimation Of Notice Of 42 Annual General Meeting (AGM).Sep 08, 2025
Sep 08, 2025Appointment Of Mr. Ashish Kumar Gaggar Practicing Company Secretary (FCS 6687 COP: 7321) A Peer Reviewed Company Secretary In Practice As The Secretarial Auditor Of The Company For A Period Of Five (5) Consecutive Financial YearsSep 08, 2025
Sep 08, 2025Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations) Held On September 08 2025.Sep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 04, 2025
Aug 04, 2025Outcome Of The 03/2025-2026 Board Meeting Held On August 04 2025.Aug 04, 2025
Aug 04, 2025Board Meeting Outcome for Outcome Of The 03/2025-2026 Board Meeting Held On August 04 2025.Aug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 31, 2025
Jul 31, 2025Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirement) Regulations 2015 As Amended (SEBI LODR Regulations).Jul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 25, 2025
Jul 25, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2025
Jul 10, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 19, 2025
Jun 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 19, 2025
Jun 19, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jun 16, 2025
Jun 16, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 11, 2025
Jun 11, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 09, 2025
Jun 09, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 30, 2025
May 30, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 28, 2025
May 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 28, 2025
May 28, 2025Mutual Fund Holdings
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ITI Large & Mid Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 42.52
ATR(14)
Less Volatile 46.97
STOCH(9,6)
Neutral 32.23
STOCH RSI(14)
Oversold 0.26
MACD(12,26)
Bearish -8.72
ADX(14)
Weak Trend 22.37
UO(9)
Bearish 33.09
ROC(12)
Downtrend And Accelerating -1.56
WillR(14)
Oversold -84.85
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