Azad Engineering Ltd Stock Price Today (NSE: AZAD)
Fundamental Score
Azad Engineering Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Azad Engineering Ltd share price today is ₹2066.10, up +4.33% on NSE/BSE as of 18 June 2026. Azad Engineering Ltd (AZAD) is a Mid-cap company in the Heavy Electrical Equipment sector with a market capitalisation of ₹10.74K (Cr). The 52-week high for AZAD share price is ₹2350.00 and the 52-week low is ₹1360.00. At a P/E ratio of 94.77x, AZAD is currently trading above its industry average P/E of 47.05x. The company has a Return on Equity (ROE) of 8.58% and a debt-to-equity ratio of 0.20.
Azad Engineering Ltd Share Price Chart — NSE/BSE Historical Performance
Azad Engineering Ltd share price chart: -8.08% return over the past month. 52-week high ₹2350.00, 52-week low ₹1360.00.
Azad Engineering Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹1961.00 | ₹2092.40 | ₹1951.00 | ₹2066.10 | 2.80L (Cr) | |
| ₹2035.00 | ₹2046.50 | ₹1962.00 | ₹1980.30 | 2.66L (Cr) | |
| ₹2057.10 | ₹2082.80 | ₹1990.00 | ₹2016.70 | 4.20L (Cr) | |
| ₹2057.10 | ₹2057.10 | ₹2057.10 | ₹2057.10 | 0.00 (Cr) | |
| ₹2116.40 | ₹2130.00 | ₹2040.00 | ₹2057.10 | 3.87L (Cr) | |
| ₹2040.90 | ₹2145.90 | ₹2032.50 | ₹2116.80 | 4.83L (Cr) | |
| ₹2049.90 | ₹2104.70 | ₹2026.20 | ₹2040.70 | 2.89L (Cr) | |
| ₹2024.00 | ₹2074.10 | ₹2002.80 | ₹2039.60 | 2.10L (Cr) | |
| ₹2020.40 | ₹2090.00 | ₹1992.80 | ₹2024.00 | 4.08L (Cr) | |
| ₹1890.20 | ₹2019.00 | ₹1874.80 | ₹2007.60 | 5.80L (Cr) |
Azad Engineering Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹2035.00 | ₹2092.40 | ₹1951.00 | ₹2066.10 | +1.53% | |
| ₹2200.00 | ₹2350.00 | ₹1874.80 | ₹2016.70 | -8.33% | |
| ₹1524.00 | ₹2267.50 | ₹1478.00 | ₹2164.90 | +42.05% | |
| ₹1624.80 | ₹1703.00 | ₹1360.00 | ₹1484.00 | -8.67% | |
| ₹1456.40 | ₹1769.00 | ₹1428.00 | ₹1713.20 | +17.63% | |
| ₹1653.00 | ₹1700.00 | ₹1369.70 | ₹1473.90 | -10.83% | |
| ₹1690.90 | ₹1716.00 | ₹1525.00 | ₹1652.80 | -2.25% | |
| ₹1720.00 | ₹1758.30 | ₹1586.80 | ₹1680.60 | -2.29% | |
| ₹1564.10 | ₹1795.50 | ₹1555.00 | ₹1696.60 | +8.47% | |
| ₹1531.00 | ₹1705.00 | ₹1523.90 | ₹1562.40 | +2.05% | |
| ₹1479.10 | ₹1628.90 | ₹1441.20 | ₹1530.00 | +3.44% | |
| ₹1664.60 | ₹1676.90 | ₹1470.00 | ₹1473.80 | -11.46% |
AI Research Briefing
Powered by Gemini · 2026-04-09
Azad's move into complex turbine components is promising, but the stock is priced for perfection and any slip-up will be punished.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Azad Engineering secured an 8-year contract with Mitsubishi Heavy Industries (MHI) Japan to supply hot-section nozzle vane segments for gas turbine engines. The company was chosen as a single-source supplier. The trading window closed on April 1, 2026, ahead of FY26 results. Azad Engineering faced a GST penalty of , which it is appealing.
CORE STORY (THE REAL GAME)
Azad is morphing into a high-precision component supplier for global OEMs, specifically in the hot section turbine components. This is a move up the value chain, away from simpler, cold-section parts.
- 8-year contract with Mitsubishi Heavy Industries
- Q3 FY26 net profit surged 46.4%
- Shift towards high-precision turbine components
- New order wins from other global OEMs
- Margin expansion in upcoming quarters
- Positive resolution of GST penalty appeal
- Expensive valuation (P/E 94.77x vs. industry 47.05x)
- Negative free cash flow
- Small-cap liquidity risk
FII holdings decreased by 0.4%, while DII holdings increased by 0.93%.
The heavy electrical equipment industry is closely linked to India's power capacity addition program.
Azad Engineering signed an 8-year contract with Mitsubishi Heavy Industries (MHI) Japan to supply hot-section nozzle vane segments for gas turbine engines.
No, Free Cash Flow 5Y: ₹-468.21 Cr
Azad needs to demonstrate consistent execution on the MHI contract and secure further orders to justify its valuation. Expect volatility around earnings releases.
Primary Thesis Risk
Overvaluation leaves no margin of safety.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Azad Engineering Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Azad Engineering Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of AZAD across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Strong Operating Margins (32.41%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Robust Profit Growth (56.62%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (28.06%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (29.96% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Strong Profit Growth Track Record (33.22% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.20)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (8.38x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (55.42%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Strong Institutional Confidence (FII+DII: 25.60%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
5 factors identified
Below-Average Return on Equity (8.58%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Premium Valuation Risk (P/E: 94.77x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Weak Earnings Growth (-37.12% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Negative Free Cash Flow (₹-468.21 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Azad Engineering Ltd vs Heavy Electrical Equipment Peers
Peer Comparison - Heavy Electrical Equipment
Compare Azad Engineering Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Azad Engineering LtdAzad Engineerin...Selected✓ AZAD • 544061 | 64.3/100 | ₹2066.10₹2066 | ₹10738.50₹10738.50 | 94.77Average 94.8 Average | 8.58%Poor 8.58% Poor | 12.23%Average 12.23% Average | 0.20Excellent 0.2 Excellent | 33.22%Excellent 33.22% Excellent | 29.96%Excellent 29.96% Excellent | 0.00% |
Siemens LtdSiemens Ltd... SIEMENS • 500550 | 58.1/100 | ₹3878.70₹3879 | ₹117781.20₹117781.20 | 69.80Average 69.8 Average | 11.81%Average 11.81% Average | 15.83%Good 15.83% Good | 0.01Excellent 0.0 Excellent | 17.04%Excellent 17.04% Excellent | 11.79%Good 11.79% Good | 0.36% |
Siemens Energy India LtdSiemens Energy ... ENRIN • 544390 | 31.7/100 | ₹3766.10₹3766 | ₹111859.20₹111859.20 | 101.68Average 101.7 Average | 28.96%Excellent 28.96% Excellent | 38.52%Excellent 38.52% Excellent | 0.03Excellent 0.0 Excellent | — — | — — | 0.00% |
ABB India LtdABB India Ltd... ABB • 500002 | 66.1/100 | ₹7219.00₹7219 | ₹110020.87₹110020.87 | 62.26Average 62.3 Average | 28.82%Excellent 28.82% Excellent | 38.65%Excellent 38.65% Excellent | 0.01Excellent 0.0 Excellent | 40.25%Excellent 40.25% Excellent | 10.75%Good 10.75% Good | 0.85% |
CG Power and Industrial Solutions LimitedCG Power and In... CGPOWER • 500093 | 67.9/100 | ₹934.80₹935 | ₹105260.55₹105260.55 | 98.52Average 98.5 Average | 27.66%Excellent 27.66% Excellent | 37.48%Excellent 37.48% Excellent | 0.02Excellent 0.0 Excellent | 33.57%Excellent 33.57% Excellent | 14.16%Good 14.16% Good | 0.19% |
Bharat Heavy Electricals LtdBharat Heavy El... BHEL • 500103 | 44.8/100 | ₹404.80₹405 | ₹101397.77₹101397.77 | 181.54Average 181.5 Average | 2.12%Poor 2.12% Poor | 4.87%Poor 4.87% Poor | 0.45Excellent 0.5 Excellent | 18.65%Excellent 18.65% Excellent | 5.72%Good 5.72% Good | 0.17% |
Hitachi Energy India LtdHitachi Energy ... POWERINDIA • 543187 | 63.2/100 | ₹37550.00₹37550 | ₹98828.01₹98828.01 | 137.79Average 137.8 Average | 13.79%Average 13.79% Average | 19.44%Good 19.44% Good | 0.02Excellent 0.0 Excellent | 14.55%Good 14.55% Good | 14.56%Good 14.56% Good | 0.03% |
Suzlon Energy LtdSuzlon Energy L... SUZLON • 532667 | 63.7/100 | ₹57.53₹58 | ₹73094.27₹73094.27 | 23.04Average 23.0 Average | 41.44%Excellent 41.44% Excellent | 32.52%Excellent 32.52% Excellent | 0.05Excellent 0.1 Excellent | 22.93%Excellent 22.93% Excellent | 29.65%Excellent 29.65% Excellent | 0.00% |
GE Vernova T&D India LtdGE Vernova T&D ... GVT&D • 522275 | 65.2/100 | ₹5097.70₹5098 | ₹71752.19₹71752.19 | 78.00Average 78.0 Average | 40.35%Excellent 40.35% Excellent | 54.74%Excellent 54.74% Excellent | 0.01Excellent 0.0 Excellent | 34.77%Excellent 34.77% Excellent | 6.33%Good 6.33% Good | 0.18% |
Thermax LtdThermax Ltd... THERMAX • 500411 | 49.9/100 | ₹4992.80₹4993 | ₹34742.42₹34742.42 | 58.52Average 58.5 Average | 13.57%Average 13.57% Average | 16.22%Good 16.22% Good | 0.36Excellent 0.4 Excellent | 24.90%Excellent 24.90% Excellent | 12.63%Good 12.63% Good | 0.48% |
Inox Wind LtdInox Wind Ltd... INOXWIND • 539083 | 68.3/100 | ₹95.81₹96 | ₹22999.39₹22999.39 | 45.14Average 45.1 Average | 11.69%Average 11.69% Average | 11.52%Average 11.52% Average | 0.17Excellent 0.2 Excellent | 29.46%Excellent 29.46% Excellent | 36.16%Excellent 36.16% Excellent | 0.00% |
Top Heavy Electrical Equipment Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Siemens Ltd share price117781.20 Cr
- Siemens Energy India Ltd share price111859.20 Cr
- ABB India Ltd share price110020.87 Cr
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- Bharat Heavy Electricals Ltd share price101397.77 Cr
Azad Engineering Ltd PE Ratio History
Historical price-to-earnings ratio for AZAD — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹14.66 | ₹1652.80 | 112.7x |
| FY 2024 | ₹11.20 | ₹1722.25 | 153.8x |
| FY 2023 | ₹1.43 | ₹692.05 | 482.8x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Azad Engineering Ltd Quarterly Performance
Latest quarterly metrics for AZAD — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
28.06%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
56.62%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
29.96%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
33.22%
Compounded annual net profit growth over 5 years
Azad Engineering Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for AZAD — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Azad Engineering Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Azad Engineering Ltd (AZAD) — sourced from NSE/BSE filings.
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About AZAD (Azad Engineering Ltd)
Azad Engineering Ltd is a titan in the realm of heavy electrical equipment, forging the intricate hearts and robust skeletons that power industries worldwide. They specialize in th...e creation of high-precision components, meticulously crafted to withstand the unforgiving pressures and extreme temperatures inherent in heavy industrial applications. From massive turbine blades that harness the power of steam to generate electricity, to intricately designed casings that house critical electrical components, Azad's expertise lies in transforming raw materials into vital, enduring assets. Their dedication to quality and precision is evident in every meticulously machined part, ensuring optimal performance and unwavering reliability for their global clientele. The company operates with a commitment to pushing the boundaries of engineering excellence, constantly seeking innovative solutions to meet the ever-evolving demands of the heavy electrical equipment sector. Azad's footprint extends across the energy landscape, providing essential components for power generation, transmission, and distribution systems. They are instrumental in shaping the infrastructure that drives modern society, contributing to the efficient and sustainable flow of electricity. Beyond core components, Azad engineers and manufactures specialized housings designed to protect sensitive electrical equipment from harsh environmental conditions, extending their lifespan and ensuring continuous operation. The company's diverse product portfolio showcases their deep understanding of the intricate interplay between mechanics and electricity, allowing them to provide comprehensive solutions for a broad range of industrial applications. Their expertise enables them to offer not just parts, but engineered solutions that optimize performance, enhance efficiency, and ensure the longevity of vital electrical infrastructure. Beyond simply producing components, Azad Engineering positions itself as a strategic partner, collaborating closely with clients to understand their specific needs and challenges. This collaborative approach allows them to tailor their expertise to develop bespoke solutions that address unique operational requirements. Utilizing advanced manufacturing techniques and rigorous quality control processes, Azad ensures that every component meets the highest standards of performance and reliability. Their dedication to innovation and customer satisfaction has cemented their reputation as a trusted provider of high-quality components for the heavy electrical equipment industry. With a commitment to continuous improvement and a focus on meeting the evolving needs of their clients, Azad Engineering is poised to remain a leader in the field for years to come.
Company Details
Key Leadership
Latest News
AZAD Share Price: Frequently Asked Questions
What is the current share price of Azad Engineering Ltd?
Azad Engineering Ltd (AZAD) trades at ₹2066.10 on NSE and BSE. Market cap ₹10.74K (Cr). Educational data only.
What is the P/E ratio of Azad Engineering Ltd?
Azad Engineering Ltd has a P/E of 94.77x vs industry average 47.05x.
What is the Bull Run score for Azad Engineering Ltd?
Azad Engineering Ltd has a Bull Run score of 64.3/100 based on 25+ financial parameters.
Does Azad Engineering Ltd pay dividends?
Azad Engineering Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Azad Engineering Ltd?
Azad Engineering Ltd has ROE of 8.58%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Azad Engineering Ltd?
Azad Engineering Ltd has debt-to-equity of 0.20.
Is Azad Engineering Ltd a good investment?
Bull Run gives Azad Engineering Ltd a score of 64.3/100. This is not investment advice — consult a SEBI-registered advisor.