Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:11 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 544061 | NSE: AZAD

Azad Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,290.65Overvalued by 15.92%vs CMP ₹1,535.00

P/E (80.5) × ROE (8.6%) × BV (₹229.00) × DY (2.00%)

₹341.59Overvalued by 77.75%vs CMP ₹1,535.00
MoS: -349.4% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹819.1022%Over (-46.6%)
Graham NumberEarnings₹313.3016%Over (-79.6%)
Earnings PowerEarnings₹25.3811%Over (-98.3%)
DCFCash Flow₹141.4013%Over (-90.8%)
Net Asset ValueAssets₹229.377%Over (-85.1%)
EV/EBITDAEnterprise₹247.819%Over (-83.9%)
Earnings YieldEarnings₹190.507%Over (-87.6%)
ROCE CapitalReturns₹345.729%Over (-77.5%)
Revenue MultipleRevenue₹70.165%Over (-95.4%)
Consensus (9 models)₹341.59100%Overvalued
Key Drivers: EPS CAGR -36.5% drags value — could be higher if earnings stabilize. | Wide model spread (₹25–₹819) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -36.5%

*Investments are subject to market risks

Investment Snapshot

66
Azad Engineering Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 12.2% GoodROE 8.6% AverageD/E 0.96 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money85/100 · Strong
FII holding up 1.10% (6mo) AccumulatingDII holding up 2.50% MF buyingPromoter holding at 55.8% Stable
Earnings Quality55/100 · Moderate
OPM expanding (31% → 35%) ImprovingWorking capital: 218 days Capital intensive
Quarterly Momentum90/100 · Strong
Revenue (4Q): +33% YoY AcceleratingProfit (4Q): +60% YoY Strong
Industry Rank40/100 · Moderate
P/E 80.5 vs industry 35.5 Premium to peersROCE 12.2% vs industry 37.7% Below peers3Y sales CAGR: 33% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:11 am

Market Cap 9,911 Cr.
Current Price 1,535
Intrinsic Value₹341.59
High / Low 1,899/1,128
Stock P/E80.5
Book Value 229
Dividend Yield0.00 %
ROCE12.2 %
ROE8.58 %
Face Value 2.00
PEG Ratio-2.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Azad Engineering Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Azad Engineering Ltd 9,911 Cr. 1,535 1,899/1,12880.5 2290.00 %12.2 %8.58 % 2.00
Engineers India Ltd 11,296 Cr. 201 255/14914.6 48.11.99 %25.0 %23.2 % 5.00
Ircon International Ltd 11,794 Cr. 125 226/11419.2 68.72.11 %11.6 %11.3 % 2.00
Va Tech Wabag Ltd 7,703 Cr. 1,236 1,680/1,03322.3 3730.32 %19.7 %14.6 % 2.00
Balu Forge Industries Ltd 5,154 Cr. 425 784/34120.2 1090.04 %31.3 %25.4 % 10.0
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Azad Engineering Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 60857683899398111119125135143156
Expenses 42545057566165727679869196
Operating Profit 17302626333133404345495160
OPM % 29%36%35%32%37%34%34%36%36%36%36%36%39%
Other Income 3501118312549139
Interest 131110121963564668
Depreciation 4455556779101114
Profit before tax 3201120272324303537424747
Tax % -30%26%35%3%37%34%30%30%30%29%29%30%28%
Net Profit 415719171517212426303334
EPS in Rs 23.1989.9644.803.922.842.532.903.564.114.034.645.115.27

Last Updated: March 3, 2026, 12:00 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:00 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 122121194252341453558
Expenses 8192132179224292352
Operating Profit 41296272117161205
OPM % 34%24%32%29%34%36%37%
Other Income 14310321234
Interest 651452471824
Depreciation 791317212943
Profit before tax 3019391381126173
Tax % 29%29%28%36%27%30%
Net Profit 21142895989123
EPS in Rs 139.4489.28185.0451.529.9113.7119.05
Dividend Payout % 0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-33.33%100.00%-67.86%555.56%50.85%
Change in YoY Net Profit Growth (%)0.00%133.33%-167.86%623.41%-504.71%

Azad Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: December 4, 2025, 2:28 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2222121313
Reserves 85911182026331,4051,468
Borrowings 618719730039252300
Other Liabilities 49778785113185162
Total Liabilities 1982574045897971,8551,943
Fixed Assets 101114137210257414522
CWIP 0024384580155
Investments 7666000
Other Assets 901362373354941,3611,266
Total Assets 1982574045897971,8551,943

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 373421-10-763
Cash from Investing Activity + -28-29-114-101-55-923
Cash from Financing Activity + -779612671873
Net Cash Flow 112315912
Free Cash Flow 812-96-94-78-212
CFO/OP 106%133%41%-1%7%50%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-20.00-58.00-135.00-228.0078.00-91.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 122159140172182179
Inventory Days 4899101,0091,0421,0551,097
Days Payable 851977748599396460
Cash Conversion Cycle -24092401615841816
Working Capital Days 12-74120283218
ROCE %15%21%16%21%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 65.90%65.90%65.90%65.90%65.90%60.32%55.42%55.42%55.84%
FIIs 4.68%6.98%9.69%9.74%9.98%14.23%16.16%15.76%15.33%
DIIs 5.71%5.00%3.44%5.74%6.57%8.23%8.91%9.84%10.73%
Public 23.70%22.13%20.98%18.61%17.56%17.21%19.53%18.99%18.08%
No. of Shareholders 1,35,0901,06,2311,02,4451,28,8461,17,6131,24,5391,27,6921,27,7161,25,118

Shareholding Pattern Chart

No. of Shareholders

Azad Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Flexicap Fund 2,581,111 2.16 442.22,597,6822026-03-23 06:39:49-0.64%
Axis Small Cap Fund 686,848 0.45 117.67264,4762026-01-26 01:07:04159.7%
ICICI Prudential Balanced Advantage Fund 588,110 0.14 100.76402,5312026-02-23 00:30:0246.1%
WhiteOak Capital Flexi Cap Fund 287,389 0.68 49.24265,0762026-03-12 05:04:518.42%
Axis Flexi Cap Fund 278,728 0.37 47.75213,4412026-03-12 05:04:5130.59%
Union Small Cap Fund 225,000 2.16 38.55N/AN/AN/A
Bandhan Infrastructure Fund 175,704 2.05 30.1177,3882026-02-22 05:00:54-0.95%
Kotak Infrastructure & Economic Reform Fund 144,000 1.05 24.67N/AN/AN/A
WhiteOak Capital Mid Cap Fund 140,885 0.51 24.14126,8912026-01-26 01:07:0411.03%
LIC MF Multi Cap Fund 69,924 0.66 11.98N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.0010.0010.0010.00
Basic EPS (Rs.) 14.6611.201.796.492.53
Diluted EPS (Rs.) 14.6611.201.796.492.53
Cash EPS (Rs.) 17.9713.38151.67282.69134.65
Book Value[Excl.RevalReserv]/Share (Rs.) 215.82109.121234.79793.17600.74
Book Value[Incl.RevalReserv]/Share (Rs.) 215.82109.121234.79793.17600.74
Revenue From Operations / Share (Rs.) 70.8257.651523.461285.31811.11
PBDIT / Share (Rs.) 26.6225.13497.12443.25201.34
PBIT / Share (Rs.) 22.0521.66396.74355.25142.70
PBT / Share (Rs.) 19.2013.6779.65265.26107.31
Net Profit / Share (Rs.) 13.409.9151.29194.6976.01
NP After MI And SOA / Share (Rs.) 13.529.9151.29194.6976.01
PBDIT Margin (%) 37.5843.6032.6334.4824.82
PBIT Margin (%) 31.1337.5726.0427.6317.59
PBT Margin (%) 27.1123.705.2220.6313.23
Net Profit Margin (%) 18.9217.193.3615.149.37
NP After MI And SOA Margin (%) 19.0917.193.3615.149.37
Return on Networth / Equity (%) 6.269.084.1524.5412.65
Return on Capital Employeed (%) 8.7318.3214.8620.9515.04
Return On Assets (%) 4.697.341.437.284.49
Long Term Debt / Equity (X) 0.120.041.081.020.45
Total Debt / Equity (X) 0.170.051.471.640.96
Asset Turnover Ratio (%) 0.340.490.500.580.00
Current Ratio (X) 5.204.291.911.131.12
Quick Ratio (X) 4.382.941.330.740.81
Inventory Turnover Ratio (X) 2.840.600.690.820.00
Dividend Payout Ratio (NP) (%) 0.0014.090.000.000.00
Dividend Payout Ratio (CP) (%) 0.0010.430.000.000.00
Earning Retention Ratio (%) 0.0085.910.000.000.00
Cash Earning Retention Ratio (%) 0.0089.570.000.000.00
Interest Coverage Ratio (X) 9.353.141.574.935.69
Interest Coverage Ratio (Post Tax) (X) 5.712.241.163.163.15
Enterprise Value (Cr.) 8332.228045.070.000.000.00
EV / Net Operating Revenue (X) 18.2223.610.000.000.00
EV / EBITDA (X) 48.4754.150.000.000.00
MarketCap / Net Operating Revenue (X) 19.2123.670.000.000.00
Retention Ratios (%) 0.0085.900.000.000.00
Price / BV (X) 6.3012.510.000.000.00
Price / Net Operating Revenue (X) 19.2123.670.000.000.00
EarningsYield 0.010.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Azad Engineering Ltd. is a Public Limited Listed company incorporated on 14/09/1983 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is U74210TG1983PLC004132 and registration number is 004132. Currently Company is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Company's Total Operating Revenue is Rs. 452.93 Cr. and Equity Capital is Rs. 12.92 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - General90/C, 90/D, Phase-1, I.D.A. Hyderabad Telangana 500055Contact not found
Management
NamePosition Held
Mr. Rakesh ChopdarChairman & CEO
Mr. Murli Krishna BhupatirajuManaging Director
Ms. Jyoti ChopdarWhole Time Director
Mr. Vishnu Pramodkumar MalpaniWhole Time Director
Mr. Michael Joseph BoothIndependent Director
Mr. Subba Rao AmbatiIndependent Director
Ms. Madhusree VemuruIndependent Director
Mr. Deepak KabraIndependent Director

FAQ

What is the intrinsic value of Azad Engineering Ltd and is it undervalued?

As of 14 April 2026, Azad Engineering Ltd's intrinsic value is ₹341.59, which is 77.75% lower than the current market price of ₹1,535.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.58 %), book value (₹229), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Azad Engineering Ltd?

Azad Engineering Ltd is trading at ₹1,535.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,899 and low of ₹1,128. The stock is currently in the middle of its 52-week range. Market cap stands at ₹9,911 Cr..

How does Azad Engineering Ltd's P/E ratio compare to its industry?

Azad Engineering Ltd has a P/E ratio of 80.5, which is above the industry average of 35.53. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Azad Engineering Ltd financially healthy?

Key indicators for Azad Engineering Ltd: ROCE of 12.2 % is moderate. Dividend yield is 0.00 %.

Is Azad Engineering Ltd profitable and how is the profit trend?

Azad Engineering Ltd reported a net profit of ₹89 Cr in Mar 2025 on revenue of ₹453 Cr. Compared to ₹28 Cr in Mar 2022, the net profit shows an improving trend.

Does Azad Engineering Ltd pay dividends?

Azad Engineering Ltd has a dividend yield of 0.00 % at the current price of ₹1,535.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Azad Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports