Azad Engineering share price
NSE: AZADBSE: 544061Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,555.80.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹16,008 Cr511th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 7 Aug 2026
- 115.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 May 2026
- 10.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 7 Aug 2026
- 9.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 7 Aug 2026
- 9.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 15 May 2026
- 0.30
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 6,80,29040.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 7 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹173 Crup 6.85%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹35 Crdown 4.47%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 20.4%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 12 Nov | Dec 2024Filed 5 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 13 Oct | Sep 2025Filed 1 Nov | Dec 2025Filed 13 Feb | Mar 2026Filed 15 May | Jun 2026Filed 7 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 112 | 120 | 127 | 137 | 146 | 159 | 162 | 173 |
| Net profit | 21 | 24 | 25 | 29 | 33 | 35 | 37 | 35 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 18.7% | 19.7% | 19.5% | 21.5% | 22.4% | 21.9% | 22.8% | 20.4% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
At or below today's level on 71% of 247 trading days over the last year.
At or below today's level on 55% of 548 trading days since May 2024.
At or below today's level on 71% of 247 trading days over the last year.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +9.1% | +52.2% | −28.3% | 0.0% |
Mutual funds holding it
83 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 4 of the 18 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 42
- AddedAdded. Funds that held more shares than at the end of the month before.
- 3
- CutCut. Funds that held fewer shares than at the end of the month before.
- 15
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 23
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 ICICI Prudential Flexi Cap FundICICI Prudential Mutual Fund | 14,04,694 | 1.66% | ₹416.2 Cr |
 Axis Small Cap FundAxis Mutual Fund | 6,86,848 | 0.66% | ₹203.5 Cr |
| Axis Flexi Cap FundAxis Mutual Fund | 3,41,378 | 0.76% | ₹101.2 Cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 3,33,083 | 0.14% | ₹98.7 Cr |
 Kotak MNC FundKotak Mahindra Mutual Fund | 3,30,000 | 4.35% | ₹97.8 Cr |
 WhiteOak Capital Flexi Cap FundWhiteOak Capital Mutual Fund | 2,55,832 | 0.81% | ₹75.8 Cr |
| Axis Multicap FundAxis Mutual Fund | 2,40,531 | 0.60% | ₹71.3 Cr |
 Union Small Cap FundUnion Mutual Fund | 2,25,000 | 2.44% | ₹66.7 Cr |
 LIC Mf Large & Mid Cap FundLIC Mutual Fund | 1,99,132 | 2.00% | ₹59.0 Cr |
| Kotak Special Opportunities FundKotak Mahindra Mutual Fund | 1,80,000 | 2.78% | ₹53.3 Cr |
Peers and competitors
Heavy Electrical Equipment, 48 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Azad Engineering in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Suzlon EnergySUZLON | 51,411 | 16.4 | 5.4 | 16.7 | +45.2% | +50.2% | 40.4% | 27.4% | 0.00% |
 ThermaxTHERMAX | 36,891 | 62.2 | 6.6 | 43.7 | +4.7% | −11.6% | 11.3% | 8.3% | 0.65% |
 Schneider Electric InfrastructureSCHNEIDER | 26,639 | 145.0 | 34.4 | 79.7 | +9.6% | −29.5% | 27.5% | 24.7% | 0.00% |
 TD Power SystemsTDPOWERSYS | 20,558 | 74.8 | 19.2 | 53.3 | +54.3% | +45.3% | 28.5% | 32.8% | 0.16% |
 Triveni TurbineTRITURBINE | 14,148 | 42.1 | 9.8 | 32.4 | +17.7% | −1.6% | 25.3% | 27.1% | 0.95% |
 Atlanta ElectricalsATLANTAELE | 12,453 | 57.3 | 13.4 | 33.3 | – | – | 23.4% | 34.7% | 0.00% |
 Karamtara EngineeringKARAMTARA | 11,270 | – | – | – | – | – | – | – | 0.00% |
 Inox WindINOXWIND | 10,185 | 29.6 | 1.6 | 12.9 | +17.1% | – | 6.0% | 7.0% | 0.00% |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Azad Engineering share price by year
Each calendar year to 2025.Azad Engineering share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,652.80 | −4.0% | 1,885.45 | 1,196.35 |
| 2024 | 1,722.25 | +148.9% | 1,981.80 | 659.15 |
| 2023 | 692.05 | – | 692.05 | 677.50 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 2,551.00 | 2,551.00 | 2,440.00 | 2,478.70 | 2,482.89 | 6,80,290 | 40.0% |
| 22 Oct 2026 | 2,522.80 | 2,599.50 | 2,502.10 | 2,555.80 | 2,554.82 | 5,37,108 | 30.2% |
| 21 Oct 2026 | 2,733.90 | 2,733.90 | 2,522.80 | 2,538.80 | 2,579.44 | 8,11,618 | 39.5% |
| 19 Oct 2026 | 2,741.00 | 2,744.20 | 2,665.30 | 2,685.30 | 2,708.63 | 3,32,566 | 35.7% |
| 16 Oct 2026 | 2,735.00 | 2,832.10 | 2,691.10 | 2,741.00 | 2,768.98 | 7,10,223 | 26.2% |
| 15 Oct 2026 | 2,865.00 | 2,865.50 | 2,718.00 | 2,749.80 | 2,757.17 | 8,23,020 | 36.0% |
| 14 Oct 2026 | 2,985.80 | 2,985.80 | 2,850.10 | 2,871.10 | 2,905.47 | 6,00,467 | 42.3% |
| 13 Oct 2026 | 3,021.10 | 3,029.30 | 2,945.00 | 2,985.80 | 2,975.73 | 6,78,591 | 24.0% |
| 12 Oct 2026 | 2,941.00 | 3,043.20 | 2,932.20 | 2,968.40 | 2,992.22 | 5,54,193 | 27.1% |
| 9 Oct 2026 | 2,898.00 | 2,950.00 | 2,817.00 | 2,910.20 | 2,900.85 | 4,95,620 | 24.9% |
About Azad Engineering
Azad Engineering Limited makes highly engineered, mission- and life-critical components for engines used in energy, oil and gas, and aerospace and defence. Its customers are global equipment makers, including GE Vernova, Mitsubishi Heavy Industries, Siemens Energy, Baker Hughes, Rolls-Royce and Pratt & Whitney Canada. It supplies customers in 11 or more countries, among them the United States, Japan, France and Germany.
The company reports two segments: Aerospace & Defence, and Energy and Oil & Gas. In energy, it supplies compressor 3D airfoils and specialised machine components for gas turbines, and it is one of the few qualified manufacturers of nuclear turbine airfoils in India. In aerospace and defence, its work is divided into aero systems and aero engines. In oil and gas, it makes parts such as drill bits and bonnet frames. A subsidiary, Azad VTC Private Limited, earned Nadcap accreditation for coatings and heat treatment. The company has two subsidiaries in all.
The manufacturing footprint is concentrated in and around Hyderabad, Telangana, where the company is headquartered. It runs dedicated factories for GE Vernova, Siemens Energy, Mitsubishi Heavy Industries and Baker Hughes. A workforce of more than 2,500 operates in Telangana. Working with the Gas Turbine Research Establishment of DRDO, it manufactured and assembled India's first indigenous expendable turbojet engine in the 350 kg thrust class, delivered in July 2026.
It was incorporated in 1983. Operations began in 2008, on a 200 sq. m shop floor with one machine operated by its Founder-Chairman, Rakesh Chopdar. He is the chairman and chief executive officer, and the promoter of the company. A promoter is the person or group that set up a company or controls it.
- Legal name
- Azad Engineering Limited
- NSE symbol
- AZAD
- BSE code
- 544061
- ISIN
- INE02IJ01035
- Industry
- Electrical Equipment
- Listed
- Dec 2023
- Face value
- ₹2
- CIN
- L74210TG1983PLC004132
- Corporate identity number, the registrar of companies' code for it