Azad Engineering share price, P/E, ROE & financials

As of 6 Nov 2026, Azad Engineering trades at 112.7× trailing earnings, above the industry P/E of 33.8×, and the shares are 23% below their 52-week high. Its ROCE of 11% is the second-lowest among the 7 largest Specialty Industrial Machinery peers, and sales and net profit grew 35% and 150% a year over 3 years. Debt is 0.31× equity. It is a small-cap company with a market cap of ₹15,646 Cr, ranked 17th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 56% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹2,565.00
Day high: ₹2,565.00
Day low: ₹2,401.20
Prev. close: ₹2,582.90
Volume: 8.5 L

Health check

2 good · 1 fair · 3 to check

ReturnsAhead
+55.9% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 112.7 vs industry 33.8.
GrowthStrong
Sales +35.0%, profit +150.3% a year over 3 years.
ProfitabilityWeak
ROCE 11.0% vs peer median 24.8%.
Balance sheetFair
Debt 0.31× equity, interest covered 9.5×, Piotroski 5 of 9.
Red flags1 to check
P/E of 112.7 against an industry P/E of 33.8.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹15,646 Cr, #17 of 138 in its industry by size.

Moves with the market

Beta 0.82 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹638 Cr · profit ₹139 Cr

Market cap: ₹15,646 Cr; Small cap
P/E: 112.7; Industry 33.8
Price to book: 10.24; Peers 9.16
Dividend yield: 0.00%
ROE: 9.1%; Peers 19.1%
ROCE: 11.0%; Peers 24.8%
Debt to equity: 0.31; Debt ₹474 Cr
EPS (TTM): ₹21.49; Face value ₹2
OPM (TTM): 37.6%; Net margin 21.8%
Sales growth: +25.9%; Latest quarter vs a year ago
Profit growth: +20.3%; Latest quarter vs a year ago
Price to sales: 24.51; EV/EBITDA 66.9

Strengths

Quarterly profit up 20.3% on a year ago.
Quarterly sales up 25.9% on a year ago.
Net margin of 21.8%.

Risks to check

P/E of 112.7 against an industry P/E of 33.8.

Derived automatically from reported figures. Not a recommendation.

About Azad Engineering

Azad Engineering Limited manufactures and sells precision-engineered components for energy and power generation, aerospace and defence, and oil and gas industries in India and internationally. It offers fixed air foil, last stage air foil rotary, welding chamfers, last stage air foil stationary, stator and rotor air foils, compressor air foils, hot gas parts, slips, drill bits, hatch cover, bonnet, and frame. The company also provides unison rings, arm,…

Headquarters: Hyderabad
Employees: 2,168
Sector: Industrials
ISIN: INE02IJ01035
Website: azad.in

Price range

52 weeks

₹1,360.00₹3,127.90

Today

₹2,401.20₹2,565.00

Avg volume (3M): 7.3 L
1-year return: plus 55.9%
From 52-week high: minus 22.5%

Analyst consensus

7 analysts

No consensusMean target ₹2,617.86 8.1%

Target range, with today’s price

Low ₹2,050.00High ₹3,315.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
CUMMINSINDCummins India	4,048.80	minus 0.25%	1,12,233	49.8	41.7	35.0%	19.1%	0.00	16.1%	minus 6.0%
GVT&DGE Vernova T&D India	4,018.00	minus 3.06%	1,02,879	71.3	56.6	58.5%	26.5%	0.01	31.1%	plus 31.7%
SUZLONSuzlon Energy	38.80	plus 0.54%	53,337	23.7	17.3	24.8%	16.7%	0.07	41.4%	minus 35.7%
AIAENGAIA Engineering	3,113.60	minus 2.77%	29,056	23.5	19.6	19.9%	27.4%	0.00	−3.4%	minus 3.9%
AZADAzad Engineering	2,422.70	minus 6.20%	15,646	112.7	71.2	11.0%	37.6%	0.31	35.0%	plus 55.9%
Median of 7 peers	–	0.17%	1,12,233	50.6	56.6	24.8%	16.7%	0.02	15.4%	10.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
127	137	159	162	173
–	–	–	+27.3%	+25.9%
81.3	87.9	96.5	100	108
45.6	49.2	62.2	61.3	64.4
35.9%	35.9%	39.2%	38.0%	37.3%
3.4	8.7	8.1	16.6	3.5
3.8	5.9	8.3	9.9	10.3
9.3	10.1	14.2	16.8	18.6
35.9	41.9	47.8	51.2	39
30.9%	29.7%	27.3%	28.2%	9.8%
25.3	29.7	34.5	36	35.7
–	–	–	+42.4%	+20.3%
4.15	4.56	5.34	5.57	5.53

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +35.0%
Profit CAGR 3Y: +150.3%
EPS CAGR 3Y: +143.0%
ROE: 9.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
242	328	444	595
–	+35.8%	+35.3%	+34.0%
185	212	282	369
56.4	117	161	226
23.3%	35.5%	36.3%	38.0%
2.2	−9.9	3.1	36.8
26.7	32.7	10.9	22
16.6	20.5	29.5	52.8
−2.2	27.4	–	−0.6
13.2	80.8	124	187
35.6%	27.5%	30.2%	28.7%
8.5	58.6	87.3	133
–	+591.4%	+49.1%	+52.2%
1.43	11.20	14.66	20.57

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1.7	11.8	12.9	12.9
202	633	1,381	1,516
301	39.4	263	474
84.6	113	204	197
589	797	1,861	2,200
293	341	627	1,160
76	83.9	191	380
0.1	0.7	0.7	1.5
40	58.8	46.9	24.6
180	313	996	634
589	797	1,861	2,200

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−10.2	−7	53.7	−119
−101	−55.3	−918	−71.4
126	71	877	174
15	8.8	12.6	−16.2
−85.6	−75.3	−293	−572
−95.8	−82.3	−240	−691

Shareholding pattern

Source: NSE filings

55.8%

promoters

Promoters55.84%
Public44.16%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	55.84%	44.16%	0.00
30 Jun 2026	55.84%	44.16%	0.00
31 Mar 2026	55.84%	44.16%	0.00
31 Dec 2025	55.84%	44.16%	plus 0.42
30 Sep 2025	55.42%	44.58%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you