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Azad Engineering Limited (AZAD.NS)

INR2,351.80 -40.80 (-1.71%)
IN NSE Industrials Industrial - Machinery
Address 90/C, 90/D, Phase-1 500055
Hyderabad, IN
CEO Rakesh Chopdar
Website azad.in
IPO 2023-12-28
ISIN INE02IJ01035

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Description

Azad Engineering Limited, established in Hyderabad, India, in 1983, specializes in the manufacturing and distribution of high-precision engineered components crafted through advanced forging and machining processes. Their comprehensive product portfolio includes critical items such as body valves, housing mounts, compressor housings, fan blisks, turbine wheels, and nozzles, alongside various parts for hydraulic, fuel inerting, flight control, and actuating systems. The company also supplies airfoils, blades, essential missile components for defense, and industrial aerospace standard fluid distribution parts. Furthermore, they produce rotors, stators, combustion components, engine accessories, specialized fasteners, and custom-machined parts. For the oil and gas industry, their offerings extend to drill bits, reamers, safety valves, and other unique equipment. Azad Engineering primarily serves the aerospace and defense, energy, and oil and gas sectors, exporting its products globally to markets including Japan, the United States, Europe, the Middle East, and the United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,351.80 -40.80 (-1.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
514.3K
Beta
0.66
Float Shares
27.71M
Free Float %
42.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.82% -7.91% +8.67% +17.67% +19.55% +22.46% +10.76% +198.75% +198.75% +198.75% +198.75%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,351.80
Ratings Trend (MoM) 86% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 1 +1
Quality scores
Altman Z-Score
12.66
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +35.9% Q1'26: +42.5% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +40.3% Q1'26: +34.2% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    -28.2% Q1'26: -236.9% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +36.2% Q1'26: +37.8% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +8.6% Q1'26: +9.7% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    +8.5% Q1'26: +6.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    1.75× Q1'26: 1.52× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.04) × ERP
WACC = 97% × Ke + 4% × Kd (6.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2,351.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
5 EPS Ana.
Mar 2027
4 Rev. Ana.
2 EPS Ana.
Mar 2028
5 Rev. Ana.
4 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
Revenue
3.28B
est: 3.63B (-9.7%)
4.44B
est: 4.53B (-2.0%)
6.12B
6.03B – 6.28B
+35.2% YoY
8.08B
7.98B – 8.17B
+32.0% YoY
11.03B
10.61B – 11.32B
+36.4% YoY
15.41B
15.00B – 15.72B
+39.8% YoY
16.20B
15.77B – 16.52B
+5.1% YoY
EBITDA
1.34B
est: 1.84B (-27.2%)
1.64B
est: 2.29B (-28.3%)
3.10B
3.06B – 3.18B
+35.2% YoY
4.09B
4.05B – 4.14B
+32.0% YoY
5.59B
5.38B – 5.74B
+36.4% YoY
7.81B
7.60B – 7.97B
+39.8% YoY
8.21B
7.99B – 8.37B
+5.1% YoY
EBIT
1.14B
est: 1.64B (-30.9%)
1.35B
est: 2.05B (-34.1%)
2.77B
2.73B – 2.84B
+35.2% YoY
3.65B
3.61B – 3.69B
+32.0% YoY
4.98B
4.80B – 5.12B
+36.4% YoY
6.97B
6.78B – 7.11B
+39.8% YoY
7.32B
7.13B – 7.47B
+5.1% YoY
Net Income
585.80M
est: 741.28M (-21.0%)
873.18M
est: 871.79M (+0.2%)
1.17B
1.07B – 1.28B
+34.7% YoY
1.60B
1.48B – 1.71B
+36.0% YoY
2.37B
2.01B – 2.57B
+48.4% YoY
3.24B
3.14B – 3.34B
+36.9% YoY
— – —
-100.0% YoY
SGA
758.93M
est: 892.43M (-15.0%)
953.35M
est: 1.11B (-14.3%)
1.50B
1.48B – 1.54B
+35.2% YoY
1.99B
1.96B – 2.01B
+32.0% YoY
2.71B
2.61B – 2.78B
+36.4% YoY
3.79B
3.69B – 3.86B
+39.8% YoY
3.98B
3.87B – 4.06B
+5.1% YoY
EPS
11.20
est: 12.50 (-10.4%)
14.66
est: 14.70 (-0.3%)
20.11
17.98 – 21.44
+36.8% YoY
26.48
24.84 – 28.78
+31.6% YoY
37.35
33.74 – 43.14
+41.1% YoY
54.69
52.79 – 56.11
+46.4% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B- 2/5 1/5 3/5 5/5 3/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.48B
OE per share TTM
24.10
Owner's Yield
1.13%
Maintenance CapEx ratio
165.32%
Maint CapEx / Avg PPE
127.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 45 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI India Small-Cap ETF SMIN 0.20% 1.45M 0.74%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 356.7K 0.65%
3 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.05% 184.5K 0.72%
4 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.04% 145.2K 0.74%
5 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.04% 222.8K 0.55%
6 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.02% 2.23M 0.06%
7 iShares Core MSCI Emerging Markets IMI Index ETF XEC.TO 0.01% 232.6K 0.28%
8 iShares Core MSCI Emerging Markets ETF IEMG 0.01% 9.76M 0.09%
9 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.01% 20.9K 0.58%
10 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 158.9K 0.26%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.80M
Shares Outstanding
64.58M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rakesh Chopdar Chairman of the Board & Chief Executive Officer 48M male
Murali Krishna Bhupatiraju MD & Director 10M male
Vishnu Pramodkumar Malpani Whole-Time Director 7M male
Jyoti Chopdar Whole-Time Director 7M female
Ashok Gentyala Director of Technical male
Balaji R. Head of Business Growth male
Praneeth Abhishek Company Secretary & Compliance Officer male
Atin Agarwal Head of Analytics & IT male
Ronak Jajoo Chief Financial Officer male
Dinesh J. Shetty Head of Supply Chain male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits