Azad Engineering Limited (IN:AZAD)
:AZAD
Want to see IN:AZAD full AI Analyst Report?
Top Page
Azad Engineering Limited
(AZAD)
Select Model
Select Model
Rating:68Neutral
Price Target:
₹2,438.00
▲(44.36% Upside)
Action:Reiterated
Date:04/28/26
The score is driven primarily by strong profitability and growth indicators, tempered by negative free cash flow from heavy capital spending. Technicals show a strong uptrend but are overextended, while valuation is a clear headwind given the high P/E and no dividend support.
Positive Factors
Revenue Growth
Sustained high revenue growth indicates expanding market share and product adoption, supporting durable top-line momentum. Over a 2–6 month horizon this underpins capacity utilization, bargaining power with suppliers, and longer-term scalability if managed without margin erosion.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow from heavy capex constrains internal funding for dividends, debt reduction or strategic initiatives. Over months this can necessitate external financing, increase cost of capital, and limit financial flexibility if capex does not translate into profitable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth indicates expanding market share and product adoption, supporting durable top-line momentum. Over a 2–6 month horizon this underpins capacity utilization, bargaining power with suppliers, and longer-term scalability if managed without margin erosion.
Read all positive factors
Azad Engineering Limited (AZAD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹129.73B
Dividend YieldN/A
Average Volume (3M)26.96K
Price to Earnings (P/E)77.3
Beta (1Y)1.58
Revenue Growth31.84%
EPS Growth40.54%
CountryIN
Employees1,212
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)17.83
Shares Outstanding64,581,740
10 Day Avg. Volume14,118
30 Day Avg. Volume26,964
Financial Highlights & Ratios
PEG Ratio3.07
Price to Book (P/B)5.93
Price to Sales (P/S)18.63
P/FCF Ratio-34.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,900.00Price Target Upside12.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)26.87
Revenue Forecast (FY)₹8.14B
Azad Engineering Limited Business Overview & Revenue Model
Company Description
Azad Engineering Limited manufactures and sells engineered precision forged and machined components in India. The company offers body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, aero st...
How the Company Makes Money
null...
Azad Engineering Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.17B | 4.44B | 3.28B | 2.42B | 1.85B | 1.18B |
| Gross Profit | 3.51B | 3.26B | 2.48B | 1.84B | 1.40B | 826.24M |
| EBITDA | 2.12B | 1.64B | 1.34B | 564.11M | 619.75M | 286.99M |
| Net Income | 1.12B | 873.18M | 585.80M | 84.73M | 294.57M | 115.00M |
Balance Sheet | ||||||
| Total Assets | 19.55B | 18.61B | 7.97B | 5.89B | 4.04B | 2.56B |
| Cash, Cash Equivalents and Short-Term Investments | 3.48B | 468.85M | 587.62M | 400.06M | 113.98M | 17.74M |
| Total Debt | 3.12B | 2.63B | 394.33M | 3.01B | 1.97B | 877.13M |
| Total Liabilities | 4.78B | 4.68B | 1.52B | 3.85B | 2.84B | 1.65B |
| Stockholders Equity | 14.79B | 13.94B | 6.45B | 2.04B | 1.20B | 908.92M |
Cash Flow | ||||||
| Free Cash Flow | -3.83B | -2.40B | -822.89M | -958.31M | -962.08M | -156.11M |
| Operating Cash Flow | -758.90M | 536.67M | -69.49M | -102.09M | 209.39M | 47.73M |
| Investing Cash Flow | 345.26M | -9.18B | -552.55M | -1.01B | -1.14B | -347.06M |
| Financing Cash Flow | 321.52M | 8.77B | 709.87M | 1.26B | 959.11M | 236.16M |
Azad Engineering Limited Technical Analysis
Positive
1688.85
Price Trends
1813.97
Positive
1704.13
Positive
1657.94
Positive
Market Momentum
51.22
Positive
49.99
Neutral
12.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AZAD, the sentiment is Positive. The current price of 1688.85 is below the 20-day moving average (MA) of 2126.25, below the 50-day MA of 1813.97, and above the 200-day MA of 1657.94, indicating a neutral trend. The MACD of 51.22 indicates Positive momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 12.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AZAD.
Azad Engineering Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹105.21B | 11.74 | ― | 0.97% | 8.94% | 21.12% | |
72 Outperform | ₹1.50T | 63.22 | ― | 1.14% | 13.31% | 11.57% | |
70 Outperform | ₹17.82B | 53.19 | ― | 0.30% | 11.80% | 2.82% | |
68 Neutral | ₹129.73B | 77.32 | ― | ― | 31.84% | 40.54% | |
67 Neutral | ₹78.04B | 24.01 | ― | 0.59% | -0.51% | -4.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | ₹345.34B | 36.44 | ― | 0.51% | 3.63% | -10.72% |
* Industrials Sector Average
IN:AZAD
Azad Engineering Limited
2,008.75
180.55
9.88%
IN:BLUESTARCO
Blue Star Limited
1,679.55
108.25
6.89%
IN:CUMMINSIND
Cummins India Limited
5,399.80
2,458.66
83.60%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
1,061.40
-110.62
-9.44%
IN:KIRLPNU
Kirloskar Pneumatic Co. Ltd.
1,619.70
409.67
33.86%
IN:THEJO
Thejo Engineering Ltd.
1,642.60
-294.36
-15.20%
Azad Engineering Limited Corporate Events
Azad Engineering to Host Q3 and Nine-Month FY26 Earnings Call on 14 February
Feb 11, 2026
Azad Engineering Limited has scheduled an earnings conference call for analysts and investors on Saturday, February 14, 2026, at 11:00 a.m. IST to discuss its unaudited financial results for the third quarter and nine months ended December 31, 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.