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Azad Engineering Ltd.

Capital GoodsEngineering - Industrial Equipments

www.azad.in BSE: 544061NSE: AZAD

₹2,578.80BSE5.06%

16 Sep, 4:01 PM

₹2,578.80

₹16.65K Cr

119.83

10.65

9.14%

₹2,716.95

₹2,554.60

₹2,986.40

₹1,358.70

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Price Performance

Peer Comparison

Name
BHEL BHEL	410.00	58.69	1,42,764.60	0.34	376.71	182.70%	7,697.72	40.29%	9.24
INDOMIM INDOMIM	945.85	87.66	46,770.48	0.62	240.12	31.64%	1,218.74	9.39%	24.48
THERMAX THERMAX	3,526.00	71.06	42,014.51	0.57	21.79	-85.61%	2,302.73	6.73%	15.85
JYOTICNC JYOTICNC	967.05	68.36	21,992.95	0.00	57.14	-19.99%	508.47	23.97%	21.34
INOXINDIA INOXINDIA	1,980.00	70.64	18,002.65	0.10	58.07	-4.98%	370.79	9.18%	33.54
TRIVENITURB TRITURBINE	540.90	51.11	17,195.13	0.79	51.10	-20.65%	442.70	19.23%	35.95
Azad Engineering Ltd. AZAD	2,578.80	119.83	16,654.34	0.00	35.16	19.46%	172.60	25.90%	12.04
TEGA TEGA	1,710.00	610.65	12,846.84	0.12	-108.25	-406.36%	1,723.44	383.99%	8.37

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
Net Block	144.40	216.65	257.27	436.03	779.34
Capital Work in Progress	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
Contingent Liabilities	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

119.83

10.65

60.25

26.08

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
	65.90	65.90	65.90	60.32	55.42	55.42	55.84	55.84	55.84
	13.11	15.48	16.55	22.47	25.06	25.60	26.07	26.46	23.62
	20.98	18.61	17.56	17.21	19.52	18.98	18.09	17.70	20.54
	34.10	34.10	34.10	39.68	44.58	44.58	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

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

3 of 3 articles

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

₹2,578.80

-5.06%