Azad Engineering Ltd share price logo

Azad Engineering Ltd Share Price (AZAD)

₹12771.98%

bell
Get free price alerts. Set up your Free investment account to get Live Prices. >
Overview
Fundamentals
Technicals
News and Events

Overview of Azad Engineering Ltd

Key events for Azad Engineering Ltd

  • Azad Engineering Signs Deals Worth $35 Million - 14 Mar, 2024

    Despite entering into a transformative collaboration with GE Vernova and signing a strategic supply agreement with Baker Hughes, Azad Engineering's shares slumped by 5%. The company has entered into a seven-year partnership with GE Vernova to supply high-complex rotating airfoils for the nuclear, industrial, and thermal power industries. Additionally, it signed two agreements with Baker Hughes for a period of five years.

  • Azad Engineering Signs Multiple Long-Term Contracts - 12 Mar, 2024

    Azad Engineering has signed multiple long-term contracts with Baker Hughes for supplying medium-high complex precision machined components for oil field services. The company reported strong financial results in Q3 FY24, but its stock closed lower despite an initial surge.

  • ICICI Securities Maintains Buy Rating on Azad Engineering - 11 Mar, 2024

    Azad Engineering has received an order from Baker Hughes for the supply of high-complex and critical components. The company's earnings are likely to see meaningful growth led by tailwinds from new contracts. ICICI Securities has raised the valuation multiple to 80x.

  • ICICI Securities Recommends 'Buy' Rating for Azad Engineering - 08 Mar, 2024

    Azad Engineering has received a significant order from Baker Hughes, enabling the company to diversify its sector mix and potentially translate into adjacent revenue streams. ICICI Securities recommends a 'Buy' rating with a target price of Rs. 1600 based on better possibilities of achieving their FY26E EPS of INR 20.

  • Azad Engineering Signs Strategic Supplier Agreement with Nuovo Pignone Srl - 06 Mar, 2024

    Azad Engineering has signed a long-term Strategic Supplier Agreement (SSA) with Nuovo Pignone Srl for the supply of components for the oil and gas sector. The agreement promises significant business value for five years for Azad Engineering.

  • Azad Engineering Shares Rise Over 170% - 04 Mar, 2024

    Azad Engineering shares have surged over 170% since listing in December 2023, with a current market cap of ₹8,282 crore. The stock is trading at a PE multiple of 38.67.

Analyst Rating for Azad Engineering Ltd stock

based on 1 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 1 analysts offering long term price targets for Azad Engineering Ltd. An average target of ₹1600

Source: S&P Global Market Intelligence

Azad Engineering Ltd share Performance

  • ₹1272.05
    ₹1317.65
    ₹1277
    downward going graph

    0.39%

    Downside

    Day's Volatility:3.57%

    Upside

    3.18%

    downward going graph
  • ₹642.4
    ₹1465
    ₹1277
    downward going graph

    49.69%

    Downside

    52 Weeks Volatility:64.42%

    Upside

    14.72%

    downward going graph
1 Month Return4.76 %
3 Month Return86.37 %
1 Year Return88.49 %
Previous Close₹1,302.75
Open₹1,302.75
Volume1.08L
Upper Circuit-
Lower Circuit-
Market Cap₹7,700.95Cr

Azad Engineering Ltd Company Information

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: ₹1277.00 per share as on 12 Apr, 2024 04:01 PM
Market Capitalisation: ₹7,700.95Cr as of today
Revenue: ₹89.23Cr as on December 2023 (Q4 23)
Net Profit: ₹16.81Cr as on December 2023 (Q4 23)
Listing date: 28 Dec, 2023
Chairperson Name: RAKESH
OrganisationAzad Engineering Ltd
Headquarters
IndustryEngineering
E-voting on sharesClick here to vote

Fundamentals of Azad Engineering Ltd

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 0.00% to 4.68% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.00% to 4.91% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, AZAD stock has moved up by 98.2%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 0.00% to 23.71% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 86.51% to 65.90% in Dec 2023 quarter

Azad Engineering Ltd Valuation

Azad Engineering Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.64x)

January 17, 2024

Industry (-47.20x)

April 12, 2024

Today (9.00x)

April 12, 2024

Highest (9.87x)

March 4, 2024

LowHigh

Azad Engineering Ltd Mutual Fund Holdings

Funds Holdings
ICICI Prudential Flexicap Fund Direct GrowthICICI Prudential Flexicap Fund Direct Growth0.78%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.12%
Kotak Infrastructure & Economic Reform Fund- Direct Plan- Growth OptionKotak Infrastructure & Economic Reform Fund- Direct Plan- Growth Option1.99%
Edelweiss Recently Listed IPO Fund Direct Plan GrowthEdelweiss Recently Listed IPO Fund Direct Plan Growth2.29%
Nippon India Value Fund - Direct Plan - Growth OptionNippon India Value Fund - Direct Plan - Growth Option0.27%

Azad Engineering Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
65.9%
-23.82
Foreign Institutions
4.68%
0.00
Mutual Funds
4.91%
0.00
Retail Investors
23.71%
0.00
Others
0.8%
-94.08

Technicals of Azad Engineering Ltd share

News & Events of Azad Engineering Ltd

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Azad Engineering Ltd shares.

Azad Engineering Ltd (AZAD) share price today is ₹1277

Azad Engineering Ltd is listed on NSE

Azad Engineering Ltd is listed on BSE

  • Today’s highest price of Azad Engineering Ltd is ₹1317.65.
  • Today’s lowest price of Azad Engineering Ltd is ₹1272.05.

PE Ratio of Azad Engineering Ltd is 9

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 1.08L.

Today’s market capitalisation of Azad Engineering Ltd(AZAD) is ₹7700.95Cr.

Azad Engineering Ltd(AZADPrice
52 Week High
₹1465
52 Week Low
₹642.4

Azad Engineering Ltd(AZAD) share price is ₹1277. It is down -12.83% from its 52 Week High price of ₹1465

Azad Engineering Ltd(AZAD) share price is ₹1277. It is up 98.79% from its 52 Week Low price of ₹642.4

Azad Engineering Ltd(AZADReturns
1 Day Returns
-25.75%
1 Month Returns
4.76%
3 Month Returns
86.37%
1 Year Returns
88.49%