Azad Engineering Ltd
Azad Engineering Ltd (AZAD) last reported results for the quarter ended Jun 2026, with sales of ₹173 crore and net profit of ₹35 crore. The stock last traded at ₹3,045, a market capitalisation of ₹19,665 crore, on a P/E of 141. Over the past 52 weeks the stock has ranged between ₹1,359 and ₹3,128. Figures are as of 6 Oct 2026 and are not real time.
Azad Engineering Ltd share price and key metrics
- Current price
- ₹3,045
- Market cap
- ₹19,665 cr
- Stock P/E
- 141
- Book value
- ₹237
- ROE
- 9.09%
- ROCE
- 11.9%
- Dividend yield
- 0.00%
- 52w high / low
- 3128/1359
Metrics as of 6 Oct 2026. Not real time.
Track Azad Engineering Ltd
Cruxal reads every Azad Engineering Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
Azad Engineering Ltd growth and returns
- 10 Years
- %
- 5 Years
- 37%
- 3 Years
- 34%
- TTM
- 29%
- 10 Years
- %
- 5 Years
- 63%
- 3 Years
- 150%
- TTM
- 39%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- 70%
- 10 Years
- %
- 5 Years
- 10%
- 3 Years
- 9%
- Last Year
- 9%
Azad Engineering Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹173 cr, up 26.3% from ₹137 cr a year earlier. Net profit was ₹35 cr, up 20.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 112 | 120 | 127 | 137 | 146 | 159 | 162 | 173 |
| Expenses | 72 | 78 | 81 | 88 | 93 | 96 | 100 | 108 |
| Operating profit | 40 | 43 | 46 | 49 | 53 | 62 | 61 | 64 |
| OPM % | 36% | 36% | 36% | 36% | 36% | 39% | 38% | 37% |
| Other income | 2 | 5 | 3 | 9 | 12 | 8 | 17 | 4 |
| Interest | 5 | 6 | 4 | 6 | 7 | 8 | 10 | 10 |
| Depreciation | 7 | 7 | 9 | 10 | 12 | 14 | 17 | 19 |
| Profit before tax | 30 | 34 | 36 | 42 | 46 | 48 | 51 | 39 |
| Tax % | 30% | 30% | 31% | 30% | 30% | 27% | 28% | 10% |
| Net profit | 21 | 24 | 25 | 29 | 33 | 35 | 37 | 35 |
| EPS (₹) | 3.55 | 4.05 | 3.91 | 4.60 | 5.07 | 5.34 | 5.57 | 5.54 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Azad Engineering Ltd annual results
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 123 | 194 | 252 | 341 | 457 | 603 | 638 |
| Operating profit | 28 | 62 | 72 | 117 | 161 | 225 | 240 |
| OPM % | 23% | 32% | 29% | 34% | 35% | 37% | 38% |
| Net profit | 12 | 29 | 8 | 59 | 87 | 134 | 139 |
| EPS (₹) | 76.00 | 194.69 | 51.28 | 9.91 | 13.52 | 20.58 | 21.52 |
TTM is the trailing twelve months to the most recent quarter.
Azad Engineering Ltd balance sheet
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 12 | 13 | 13 |
| Reserves | 89 | 118 | 202 | 633 | 1,381 | 1,516 |
| Borrowings | 88 | 197 | 301 | 39 | 263 | 474 |
| Other liabilities | 77 | 87 | 85 | 113 | 204 | 197 |
| Total liabilities | 256 | 404 | 589 | 797 | 1,861 | 2,200 |
| Fixed assets | 121 | 144 | 217 | 257 | 436 | 779 |
| CWIP | -0 | 24 | 38 | 45 | 80 | 257 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 |
| Other assets | 135 | 236 | 335 | 494 | 1,345 | 1,164 |
| Total assets | 256 | 404 | 589 | 797 | 1,861 | 2,200 |
As reported by the company. Total assets equal total liabilities by construction.
Azad Engineering Ltd cash flow
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 5 | 21 | -10 | -7 | 54 | -119 |
| Cash from investing | -35 | -114 | -101 | -55 | -918 | -71 |
| Cash from financing | 24 | 96 | 126 | 71 | 877 | 174 |
| Net cash flow | -6 | 3 | 15 | 9 | 13 | -16 |
| Free cash flow | -16 | -96 | -94 | -78 | -240 | -691 |
| CFO / operating profit | 43% | 41% | -1% | 7% | 44% | -31% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Azad Engineering Ltd operating ratios
| Per year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| ROCE % | — | 22% | 16% | 21% | 12% | 12% |
| Debtor days | 156 | 140 | 172 | 182 | 178 | 189 |
| Inventory days | 906 | 1,009 | 1,042 | 1,055 | 1,085 | 2,067 |
| Days payable | 986 | 748 | 576 | 396 | 459 | 536 |
| Cash conversion cycle | 77 | 401 | 638 | 840 | 804 | 1,720 |
| Working capital days | -11 | 4 | 120 | 283 | 215 | 304 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Azad Engineering Ltd shareholding pattern
Promoters held 55.84% at Jun 2026, broadly unchanged since Jun 2025. FIIs 13.30% and DIIs 10.32%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 65.90% | 65.90% | 60.32% | 55.42% | 55.42% | 55.84% | 55.84% | 55.84% |
| FIIs | 9.74% | 9.98% | 14.23% | 16.16% | 15.76% | 15.33% | 14.75% | 13.30% |
| DIIs | 5.74% | 6.57% | 8.23% | 8.91% | 9.84% | 10.73% | 11.71% | 10.32% |
| Public | 18.61% | 17.56% | 17.21% | 19.53% | 18.99% | 18.08% | 17.69% | 20.53% |
| No. of shareholders | 1,28,846 | 1,17,613 | 1,24,539 | 1,27,692 | 1,27,716 | 1,25,118 | 1,26,786 | 1,33,221 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Azad Engineering Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI(DP)Regulations, 2018 for the quarter ended September 30, 2026Company Updatelow impact
- Azad Engineering Approves 5-Year Reappointments of Key Directors, Reinforcing Leadership StabilityCompany Updatemedium impact
Cruxal's analysis: Azad Engineering Limited has announced the reappointment of three senior directors—Mr…
Read the full analysis - Azad Engineering's AGM results and resolutions indicate strong shareholder approval for key appointments and proposals, with high voting margins and majority support for all resolutions.AGM/EGMhigh impact
Cruxal's analysis: Azad Engineering Limited held its 43rd AGM on September 29, 2026, via video conferencing…
Read the full analysis - Azad Engineering Limited holds 43rd AGM; no new financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: Azad Engineering Limited conducted its 43rd Annual General Meeting on September 29, 2026…
Read the full analysis - Trading Window ClosureInsider Trading / SASTlow impact
- Azad Engineering inaugurates two new lean manufacturing facilities for GE VernovaCompany Updatemedium impact
Cruxal's analysis: Azad Engineering has officially inaugurated two exclusive lean manufacturing facilities…
Read the full analysis - Azad Engineering Ltd announces 43rd Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Azad Engineering Ltd has published a newspaper advertisement regarding the scheduling of…
Read the full analysis - Azad Engineering Ltd releases Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: Azad Engineering Ltd has filed its Annual Report for the financial year 2025-26 in…
Read the full analysis - Azad Engineering Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Azad Engineering Ltd has submitted its Business Responsibility and Sustainability Report…
Read the full analysis - Azad Engineering Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Azad Engineering Ltd has submitted its Annual Report for the financial year 2025-26 as…
Read the full analysis - Azad Engineering Announces 43rd AGM and Re-appointment of Key Management Personnel with Remuneration RevisionsAGM/EGMlow impact
Cruxal's analysis: Azad Engineering Limited has scheduled its 43rd Annual General Meeting for September 29…
Read the full analysis - Azad Engineering Q1 FY27 Earnings: Strong Revenue Growth and Strategic Milestone in Indigenous Turbojet Engine ManufacturingCompany Updatehigh impact
Cruxal's analysis: Azad Engineering Limited reported a strong Q1 FY27 performance with standalone revenue…
Read the full analysis - Azad Engineering Ltd releases Monitoring Agency Report for quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Azad Engineering has filed its Monitoring Agency Report for the quarter ended June 30…
Read the full analysis - Azad Engineering Limited files audio recording of Q1 FY2027 earnings conference callCompany Updatelow impact
Cruxal's analysis: Azad Engineering Limited has formally submitted the audio recording of its earnings…
Read the full analysis - Azad Engineering Limited Reports Q1 FY2027 Financial Results with Consolidated Net Profit of 35.16 CroreCompany Updatelow impact
Cruxal's analysis: Azad Engineering Limited has released its unaudited financial results for the quarter…
Read the full analysis - Azad Engineering Reports Strong Q1 FY27 Performance with 26.8% YoY Revenue Growth and Milestone Indigenous Turbojet Engine DeliveryCompany Updatehigh impact
Cruxal's analysis: Azad Engineering Limited reported robust Q1 FY27 standalone results, with revenue…
Read the full analysis - Azad Engineering Q1 FY27 Results: Revenue Grows 26% YoY to 172.6 crore, PAT at 35.2 croreBoard Meetinghigh impact
Cruxal's analysis: Azad Engineering Limited reported consolidated revenue from operations of 172.6 crore for…
Read the full analysis - Azad Engineering Limited schedules Q1 FY27 earnings conference call for August 8, 2026Company Updatelow impact
Cruxal's analysis: Azad Engineering Limited has formally intimated the stock exchanges regarding its…
Read the full analysis
This page shows filings on a one-hour delay. Sign in to see them as they land, with Cruxal's analysis of what each one means.
Cruxal publishes market data and coverage for information only. Nothing here is investment advice.