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Azad Engineering Ltd share price logo

Azad Engineering Ltd

(AZAD)

₹1653.41.59%

as on 04:01PM, 07 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Azad Engineering Ltd Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Azad Engineering Ltd. An average target of ₹2150

Source: S&P Global Market Intelligence

Azad Engineering Ltd Share analysis

Azad Engineering Ltd price forecast by 2 analysts

Upside of27.96%

High

₹2450

Target

₹2150.00

Low

₹1850

Azad Engineering Ltd target price ₹2150, a slight upside of 27.96% compared to current price of ₹1653.4. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Azad Engineering Ltd Performance

  • Day's Low

    Day's High

    ₹1,648
    ₹1,710
  • 52 Week's Low

    52 Week's High

    ₹642.4
    ₹2,080
1 Month Return+ 25.67 %
3 Month Return+ 2.66 %
1 Year Return+ 147.99 %
Previous Close₹1,680.15
Open₹1,678.05
Volume2.60L
Upper Circuit-
Lower Circuit-
Market Cap₹9,931.87Cr

Azad Engineering Ltd Key Statistics

P/E Ratio128.75
PEG Ratio-3.74
Market Cap₹9,931.87 Cr
P/B Ratio12.5
EPS9.91
Dividend Yield0
SectorEngineering
ROE12.12

Azad Engineering Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹9,931.87 Cr29.6%0.53₹58 Cr₹340 Cr
NA₹88.79 Cr-4.33%0.68NANA
NA₹3,297.50 Cr42.81%0.56₹35 Cr₹349 Cr
NA₹81.68 Cr13.3%0.50NANA
NA₹301.02 Cr52.69%0.62NANA

About Azad Engineering Ltd

Azad Engineering Ltd was originally incorporated as Azad Engineering Private Limited at Hyderabad Telangana as a Private Company pursuant to the Certificate of Incorporation dated September 14 1983 issued by Registrar of Company Telangana at Hyderabad. The name of Company changed to Azad Engineering Limited and a fresh Certificate of Incorporation dated September 5 2023 was issued by the RoC.Azad Engineering are one of the key manufacturers of qualified product lines supplying to global original equipment manufacturersOEMs in the aerospace and defence energy and oil and gas industries manufacturing highly engineered complex and mission and lifecritical components. The Company manufacture complex and highly engineered precision forged and machined components that are mission and lifecritical and hence some of the products have a zero parts per million defects requirement.Their aerospace and defence products include airfoils/ blades and components for engines auxiliary power units APUs hydraulics actuating systems flight controls fuel and inerting sections of commercial and defence aircrafts and spacecrafts among other defence systems and various critical components for missiles. They have supplied critical components to major commercial aircraft manufacturers such as B737 B737 Max B747 B777 B777X A320 A350 A355 A350 XWB Gulfstream G550.In the energy industry Company produces highprecision rotating and stationary 3D airfoils/ blades special machined parts and combustion component assemblies for landbased turbines with applications in industrial and energy plants using different fuel types such as nuclear hydrogen natural gas and thermal. For the oil and gas industry it manufacture components of drilling rigs such as drill bits and other critical components that are used in drilling equipment and are part of exploration and production phase. In 2008 the Company established CNC machine shop acquired delivery of moving airfoils/ blades to a large governmentowned power generation equipment manufacturer. In 2012 it constructed a forge shop and a heat treatment facility for production opened critical gas/ thermal turbines parts production in 2017 and in 202122 acquired land to construct a new plant for Phase 1 and Phase 2 for production.The Company is proposing Initial Public Offer of aggregating Rs 740 Crores Equity Shares comprising Rs 240 Crore by raising capital through Fresh Issue and Rs 500 Crore Equity Shares through Offer for Sale..

Share Price: ₹1653.40 per share as on 07 Nov, 2024 04:01 PM
Market Capitalisation: ₹9,931.87Cr as of today
Revenue: ₹98.41Cr as on June 2024 (Q2 24)
Net Profit: ₹17.12Cr as on June 2024 (Q2 24)
Listing date: 28 Dec, 2023
Chairperson Name: RAKESH
OrganisationAzad Engineering Ltd
Headquarters
IndustryEngineering
E-voting on sharesClick here to vote

Key events for Azad Engineering Ltd

  • Azad Engineering Secures Major Order from Mitsubishi - 05 Nov, 2024

    Azad Engineering has secured a Rs 700 crore order from Mitsubishi Heavy Industries for 3D airfoils, boosting its market position. The stock price rose 5% following this announcement.

  • Azad Engineering Secures Major Contract, Shares Surge - 04 Nov, 2024

    Azad Engineering Limited announced a significant ₹700 crore contract with Mitsubishi Heavy Industries, leading to a 14.3% surge in share price. The five-year agreement focuses on supplying complex airfoils for gas and thermal power turbine engines, enhancing the company's strategic relationship with MHI. The stock has shown impressive growth, rising 138% in 2024.

  • Azad Engineering Secures $16 Million Order from Honeywell - 24 Oct, 2024

    Azad Engineering has won a USD 16 million order from Honeywell Aerospace ISC, USA, for manufacturing complex components, enhancing its strategic collaboration in the aviation sector.

Insights on Azad Engineering Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 9.68% to 9.74% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.16% to 5.47% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, AZAD stock has moved up by 16.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 65.90% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 20.98% to 18.61% in Sep 2024 quarter

Azad Engineering Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹75.91Cr (-)₹82.84Cr (↑9.13%)₹89.23Cr (↑7.71%)₹92.80Cr (↑4.00%)₹98.41Cr (↑6.05%)
Net Income₹7.40Cr (-)₹19.43Cr (↑162.57%)₹16.81Cr (↓13.48%)₹14.93Cr (↓11.18%)₹17.12Cr (↑14.67%)
Net Profit Margin9.75% (-)23.45% (↑140.51%)18.84% (↓19.66%)16.09% (↓14.60%)17.40% (↑8.14%)
Value in ₹ crore
Details2021202220232024
Total Assets₹257.40Cr (-)₹405.40Cr (↑57.50%)₹595.74Cr (↑46.95%)₹800.96Cr (↑34.45%)
Total Liabilities₹161.14Cr (-)₹285.39Cr (↑77.11%)₹391.71Cr (↑37.25%)₹155.86Cr (↓60.21%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹36.60Cr (-)₹33.91Cr (↓7.35%)₹20.94Cr (↓38.25%)-₹10.21Cr (↓148.76%)-₹6.95Cr (↓31.93%)

Index Inclusions

S&P BSE Indus.

₹15,231.57

-0.38 (-58.7%)

BSE Small-Cap

₹55,764.08

-0.44 (-244.05%)

BSE IPO

₹16,187.85

-1.1 (-179.9%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Azad Engineering Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
65.9%
0.00
Foreign Institutions
9.74%
0.56
Mutual Funds
5.47%
73.19
Retail Investors
18.61%
-11.27
Others
0.27%
-0.70

Azad Engineering Ltd Key Indicators

Details2021202220232024
Return On Equity %15.0826.375.2512.12
Details202220232024
Return On Assets %7.271.427.31
Details2024
Book Value Per Share (₹)109.12
Details2024
Earning Per Share (₹)9.91

Azad Engineering Ltd Valuation

Azad Engineering Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.23x)

January 17, 2024

Industry (62.77x)

November 6, 2024

Today (128.75x)

November 6, 2024

Highest (143.29x)

July 1, 2024

LowHigh

Azad Engineering Ltd Earnings and Dividends

  • Azad Engineering Ltd Earnings Results

    Azad Engineering Ltd’s net profit jumped 131.35% since last year same period to ₹17.12Cr in the Q1 2024-2025. On a quarterly growth basis, Azad Engineering Ltd has generated 14.67% jump in its net profits since last 3-months.

    Read More about Earnings Results

Azad Engineering Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Azad Engineering Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Azad Engineering Ltd

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Azad Engineering Ltd (AZAD) share price today is ₹1653.4

Azad Engineering Ltd is listed on NSE

Azad Engineering Ltd is listed on BSE

  • Today’s highest price of Azad Engineering Ltd is ₹1710.
  • Today’s lowest price of Azad Engineering Ltd is ₹1648.

PE Ratio of Azad Engineering Ltd is 128.75

PE ratio = Azad Engineering Ltd Market price per share / Azad Engineering Ltd Earnings per share

Today’s traded volume of Azad Engineering Ltd(AZAD) is 2.60L.

Today’s market capitalisation of Azad Engineering Ltd(AZAD) is ₹9931.87Cr.

Azad Engineering Ltd(AZADPrice
52 Week High
₹2080
52 Week Low
₹642.4

Azad Engineering Ltd(AZAD) share price is ₹1653.4. It is down -20.51% from its 52 Week High price of ₹2080

Azad Engineering Ltd(AZAD) share price is ₹1653.4. It is up 157.38% from its 52 Week Low price of ₹642.4

Azad Engineering Ltd(AZADReturns
1 Day Returns
-26.75%
1 Month Returns
25.67%
3 Month Returns
2.66%
1 Year Returns
147.99%