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Azad Engineering Ltd.

2,444.65−89.95 (−3.55%)

BSE · 30 Oct, 4:01 PM

: ₹15,787.98 Cr
: 113.60
: 34,911
: ₹2,534.60 - ₹2,435.00
: ₹3,126.00 - ₹1,358.70

Azad Engineering Ltd. (AZAD) share price closed at ₹2,444.65 on the BSE on Friday, October 30, 2026, down by 3.55% from its of ₹2,534.60. In that session AZAD reached a of 2,534.60 and of 2,435.00. The for the session was 2,463.83. The stands at 2,771.22 and is at 2,147.98. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹2,531.50

₹2,534.60

₹2,463.83

₹2,771.22

Price 11.78% below

₹2,147.98

Price 13.81% above

Key Fundamentals

: 15,787.98 Cr₹15.79 Thousand Crore
: 21.52
: 113.60
: 10.09
: 242.18
: 280.96 Cr₹280.96 Crore
: 0.00 %
Sector
Industry: Engineering - Industrial Equipments
: 9.14
: 0.30

Industry Comparison

Ratio	Company	Sector
	113.60	36.01
	0.30	0.17
	10.09	3.95
	3.05	1.98
	0.00 %	0.19 %
Operating Margin	37.37 %	13.33 %

Sector figures are the median of 192 listed Capital Goods companies.

Peer Comparison

Name
BHEL BHEL	387.35	46.86	1,34,877.72	0.36	820.94	118.98%	9,300.35	23.81%	9.24
INDOMIM INDOMIM	1,162.15	107.71	57,466.10	0.59	240.12	31.64%	1,218.74	9.39%	24.48
THERMAX THERMAX	3,135.50	62.50	37,361.46	0.64	21.79	-85.61%	2,302.73	6.73%	15.85
ZETWERK ZETWERK	163.20		27,650.24	0.00					-8.63
JYOTICNC JYOTICNC	915.85	64.04	20,828.54	0.00	57.14	-19.99%	508.47	23.97%	21.34
INOXINDIA INOXINDIA	1,851.80	66.38	16,837.02	0.11	58.07	-4.98%	370.79	9.18%	33.54
Azad Engineering Ltd. AZAD	2,444.65	113.60	15,787.98	0.00	35.16	19.46%	172.60	25.90%	12.04
TRIVENITURB TRITURBINE	469.90	44.44	14,938.40	0.90	51.10	-20.65%	442.70	19.23%	35.95

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	92.80	98.41	111.54	120.48	126.93	137.09	145.63	158.72	161.54	172.60
Expenses	61.44	65.37	71.68	77.66	81.34	87.86	93.08	96.50	100.22	108.24
	31.36	33.04	39.86	42.82	45.59	49.23	52.55	62.22	61.32	64.36
	33.79%	33.58%	35.74%	35.54%	35.92%	35.91%	36.08%	39.20%	37.96%	37.29%
	2.77	0.61	1.53	5.07	3.38	8.69	12.25	8.14	16.58	3.55
Interest	6.03	3.28	4.87	6.42	3.82	5.91	6.71	8.34	9.86	10.32
	5.46	6.02	6.77	7.44	9.27	10.14	11.66	14.24	16.81	18.62
	22.63	24.36	29.75	34.04	35.88	41.87	46.43	47.78	51.24	38.96
	34.02%	29.70%	29.81%	30.32%	30.85%	29.70%	29.76%	27.33%	28.16%	9.77%
	14.93	17.12	21.01	23.92	25.27	29.72	32.74	34.51	35.99	35.75
	2.53	2.90	3.55	4.05	3.91	4.60	5.07	5.34	5.57	5.54

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	194.47	251.68	340.77	457.35	602.98
	194.47	251.68	340.77	457.35	602.98
EXPENDITURE :
Increase/Decrease in Stock	-16.85	-19.37	-20.74	-41.31	-72.35
Raw Material Consumed	37.61	49.52	66.76	104.99	130.47
Power & Fuel Cost	6.84	11.62	13.56	16.54	26.32
Employee Cost	46.27	59.27	74.27	92.87	135.52
Other Manufacturing Expenses	48.76	59.18	71.44	97.93	127.24
General and Administration Expenses	7.74	11.58	13.26	16.15	19.95
Selling and Distribution Expenses	0.27	1.86	1.42	1.94	2.43
Miscellaneous Expenses	1.56	5.74	4.22	6.94	8.08
	132.20	179.40	224.18	296.05	377.66
Operating Profit (Excl OI)	62.27	72.28	116.59	161.31	225.31
	4.80	9.85	31.99	10.59	45.65
	67.06	82.12	148.58	171.90	270.97
Interest	13.62	52.38	47.27	18.39	30.82
PBDT	53.45	29.74	101.32	153.51	240.15
	13.31	16.58	20.53	29.48	52.84
Profit Before Taxation & Exceptional Items	40.13	13.16	80.79	124.03	187.31
	40.13	13.16	80.79	124.03	187.31
Provision for Tax	10.68	4.69	22.21	37.49	53.74
	29.46	8.47	58.58	86.53	133.56
Extra items				0.00	0.00
Minority Interest				0.78	-0.69
Consolidated Net Profit	29.46	8.47	58.58	87.32	132.88
Profit Balance B/F	89.12	114.68	123.15	173.47	260.79
Appropriations	118.58	123.15	181.73	260.79	393.67
	194.69	51.29	9.91	13.52	20.58
Adjusted EPS	6.49	1.71	9.91	13.52	20.58

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	1.51	1.65	11.82	12.92	12.92
Total Reserves	118.49	202.34	633.24	1,380.87	1,515.98
Reserve excluding Revaluation Reserve	118.49	202.34	633.24	1,380.87	1,515.98
Revaluation reserve	0.00
	120.01	203.99	645.06	1,393.79	1,528.90
Minority Interest				-0.76	-0.06
Secured Loans	121.69	220.28	27.11	170.87	280.95
Unsecured Loans	0.87	0.58
Deferred Tax Assets / Liabilities	11.63	13.59	21.07	27.44	49.20
Other Long Term Liabilities			2.01	34.67	32.20
Long Term Provisions	2.25	2.56	3.61	4.59	6.19
Total Non-Current Liabilities	136.44	237.01	53.79	237.56	368.54
Trade Payables	42.55	49.50	49.95	80.11	85.27
Other Current Liabilities	42.03	40.62	44.65	82.70	96.23
Short Term Borrowings	53.80	55.32	0.40	48.82	119.33
Short Term Provisions	13.66	15.42	17.84	35.80	33.78
Total Current Liabilities	152.04	160.86	112.85	247.42	334.61
Total Liabilities	408.49	601.86	811.70	1,878.01	2,231.98
Gross Block	166.59	255.42	316.57	524.81	920.97
Less: Accumulated Depreciation	22.19	38.77	59.30	88.78	141.62
	144.40	216.65	257.27	436.03	779.34
	23.66	37.99	45.43	79.78	256.68
Long Term Investment	0.00
Long Term Loans & Advances	59.79	42.26	46.50	122.99	132.61
Other Non Current Assets	8.80	8.68	26.16	24.89	42.11
Total Non-Current Assets	236.65	305.58	375.37	663.69	1,210.74
Inventories	57.38	86.06	132.96	189.30	329.11
Sundry Debtors	74.63	118.66	169.95	223.48	311.66
Cash and Bank	17.67	52.73	58.92	697.03	184.59
Other Current Assets	0.95	1.83	17.65	5.85	5.90
Short Term Loans and Advances	21.21	36.99	56.85	98.66	189.97
Total Current Assets	171.84	296.28	436.33	1,214.31	1,021.24
Net Current Assets (Including Current Investments)	19.80	135.42	323.49	966.89	686.63
Total Assets	408.49	601.86	811.70	1,878.01	2,231.98
	29.89	9.36	11.19	16.04	29.33
Total Debt	197.18	300.60	37.16	243.58	456.64
	793.17	1,234.79	109.12	215.82	236.74
Adjusted Book Value	26.44	41.16	109.12	215.82	236.74

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	40.13	13.16	80.79	124.03	187.31
Adjustment	25.45	67.23	75.67	44.64	45.99
Changes In working Capital	-39.87	-80.96	-148.78	-97.48	-303.45
Cash Flow after changes in Working Capital	25.72	-0.57	7.67	71.18	-70.15
Cash Flow from Operating Activities	20.94	-10.21	-6.95	53.67	-118.97
Cash Flow from Investing Activities	-114.20	-101.15	-55.25	-917.71	-71.42
Cash Flow from Financing Activitie	95.91	126.34	70.99	876.69	174.15
Net Cash Inflow / Outflow	2.65	14.98	8.78	12.65	-16.24
Opening Cash & Cash Equivalents	1.77	4.43	19.41	28.19	40.83
Closing Cash & Cash Equivalent	4.43	19.41	28.19	40.83	24.59

Ratios

Valuation

113.60

10.09

57.16

24.73

21.52

242.18

Profitability

9.14

12.04

6.50

37.37

22.15

Leverage & Liquidity

0.30

3.05

7.08

Returns

0.00

0.29

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	65.90	65.90	65.90	60.32	55.42	55.42	55.84	55.84	55.84	55.84
	13.11	15.48	16.55	22.47	25.06	25.60	26.07	26.46	23.62	23.10
	20.98	18.61	17.56	17.21	19.52	18.98	18.09	17.70	20.54	21.05
	34.10	34.10	34.10	39.68	44.58	44.58	44.16	44.16	44.16	44.16
No. of Shareholders	1,02,445	1,28,846	1,17,613	1,24,539	1,27,692	1,27,716	1,25,118	1,26,786	1,33,221	1,49,134

Mutual Funds Invested(83)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 44 active funds hold 8.60% in Azad Engineering Ltd., contributing to ₹1.65K Cr of holdings

Fund				As of
IP ICICI Prudential Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	416.24	1.66	14,04,694	Sep '26
AX Axis Small Cap Fund - Growth - Direct PlanSmall cap Fund	203.53	0.66	6,86,848	Sep '26
AX Axis Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	101.16	0.76	3,41,378	Sep '26
IP ICICI Prudential Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	98.70	0.14	3,33,083	Sep '26
KO Kotak MNC Fund - Growth - Direct PlanMNC	97.79	4.35	3,30,000	Sep '26
WC WhiteOak Capital Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	75.81	0.81	2,55,832	Sep '26
AX Axis Multicap Fund - Growth - Direct PlanMulti Cap Fund	71.27	0.60	2,40,531	Sep '26
UN Union Small Cap Fund - Growth - Direct PlanSmall cap Fund	66.67	2.44	2,25,000	Sep '26
LI LIC MF Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	59.01	2.00	1,99,132	Sep '26
KO Kotak Special Opportunities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	53.34	2.78	1,80,000	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-09-08	AGM
2026-07-31	Board Meeting	Quarterly Results
2026-05-11	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsEngineering - Industrial Equipments

Azad Engineering Ltd. operates in the Capital Goods sector under the Engineering - Industrial Equipments industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Praneeth Abhishek Gunda

Company Secretary & Compliance Officer, Head Legal

—

Rakesh Chopdar

Chairman & CEO

₹4.80 Cr

Mar '26

Murali Krishna Bhupatiraju

Managing Director

₹1.67 Cr

Mar '26

Jyoti Chopdar

Whole Time Director

₹1.20 Cr

Mar '26

Madhusree Vemuru

Non Executive Independent Director

₹12.80 L

Mar '26

Subba Rao Ambati

Non Executive Independent Director

₹12.00 L

Mar '26

Michael Joseph Booth

Non Executive Independent Director

₹21.90 L

Mar '26

Deepak Kabra

Non Executive Independent Director

₹18.00 L

Mar '26

Vishnu Pramodkumar Malpani

Whole Time Director

₹72.00 L

Mar '26

AZAD Latest News

News

6 of 6 articles

COMPANY13 Oct 2026 · 10:22

Azad Engineering secures rate contract worth Rs 52.68 crore from BHEL

The contract is to be executed by October 09, 2028

EQUITY29 Sept 2026 · 10:20

Azad Engineering zooms on inaugurating two lean manufacturing facilities for GE Vernova

The said facilities are dedicated to manufacturing highly engineered rotating and stationary airfoils and specialized machined parts

COMPANY28 Sept 2026 · 16:42

Azad Engineering inaugurates two lean manufacturing facilities for GE Vernova's Gas Power business

The said facilities are dedicated to manufacturing highly engineered rotating and stationary airfoils and specialized machined parts

EQUITY6 Jul 2026 · 11:40

Azad Engineering informs about confirmation certificate

EQUITY8 Jun 2026 · 11:25

Azad Engineering informs about analyst meet

EQUITY15 May 2026 · 18:48

Azad Engineering reports Profit after tax of Rs 351.29 Mln, in the March 2026 quarter

Azad Engineering Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(83)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

AZAD Latest News

News