Azad Engineering Limited (IN:AZAD)
:AZAD
Top Page
Azad Engineering Limited
(AZAD)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹1,671.00
▼(-1.06% Downside)
Action:ReiteratedDate:10/04/25
Azad Engineering Limited's strong financial performance, particularly in revenue growth and profitability, is a key strength. However, the high P/E ratio suggests overvaluation, and cash flow management needs improvement. Technical indicators show positive momentum but caution is advised due to potential overbought conditions.
Positive Factors
Revenue Growth
Azad's ~34% reported revenue growth evidences strong demand and successful market execution. Durable revenue expansion increases operating scale, supports continued investment in capacity and R&D, and provides a foundation for sustained margin and cash-flow improvement over the next 2-6 months.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow driven by heavy capex reduces internal funding for operations, dividends or debt reduction. Over several months, this can force external financing or slower deleveraging, increasing financial risk if capex does not convert quickly into incremental, cash-generative capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Azad's ~34% reported revenue growth evidences strong demand and successful market execution. Durable revenue expansion increases operating scale, supports continued investment in capacity and R&D, and provides a foundation for sustained margin and cash-flow improvement over the next 2-6 months.
Read all positive factors
Azad Engineering Limited (AZAD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹110.18B
Dividend YieldN/A
Average Volume (3M)26.96K
Price to Earnings (P/E)77.3
Beta (1Y)1.65
Revenue Growth35.25%
EPS Growth51.17%
CountryIN
Employees1,212
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.34
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)26.77
Revenue Forecast (FY)₹8.08B
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
1575.74
Positive
1592.70
Positive
1599.38
Positive
Market Momentum
15.10
Negative
66.72
Neutral
95.69
Negative
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 above the 20-day moving average (MA) of 1529.66, above the 50-day MA of 1575.74, and above the 200-day MA of 1599.38, indicating a bullish trend. The MACD of 15.10 indicates Negative momentum. The RSI at 66.72 is Neutral, neither overbought nor oversold. The STOCH value of 95.69 is Negative, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹1.42T | 63.22 | ― | 1.14% | 20.23% | 18.69% | |
70 Outperform | ₹17.22B | 53.19 | ― | 0.30% | 4.11% | 2.40% | |
67 Neutral | ₹347.40B | 110.38 | ― | 0.51% | 14.20% | 3.84% | |
67 Neutral | ₹78.08B | 40.77 | ― | 0.97% | 6.51% | -1.61% | |
66 Neutral | ₹110.18B | 77.32 | ― | ― | 35.25% | 51.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹73.62B | 24.01 | ― | 0.59% | -4.14% | -35.66% |
* Industrials Sector Average
IN:AZAD
Azad Engineering Limited
1,706.05
369.05
27.60%
IN:BLUESTARCO
Blue Star Limited
1,689.55
-268.59
-13.72%
IN:CUMMINSIND
Cummins India Limited
5,137.85
2,361.16
85.03%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
1,001.25
-24.49
-2.39%
IN:KIRLPNU
Kirloskar Pneumatic Co. Ltd.
1,202.05
110.53
10.13%
IN:THEJO
Thejo Engineering Ltd.
1,638.00
-175.62
-9.68%
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...
Azad Engineering Retains Statutory Auditor After Firm Converts to LLP
Jan 22, 2026
Azad Engineering Limited has announced that its statutory auditor, M/s M S K A Associates, Chartered Accountants, has converted from a partnership firm into a limited liability partnership (LLP) with effect from 13 January 2026, and will now oper...
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.