Azad Engineering Ltd: Intrinsic Value & Share Price Analysis

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

Azad Engineering Ltd is trading at 2,106.00 as of 14 June 2026, with a FY2026-2027 high of 2,350 and low of 1,359. The stock is currently near its 52-week high. Market cap stands at 13,599 Cr..

Q: Is Azad Engineering Ltd financially healthy?

Key indicators: ROCE of 11.7 % is moderate. Dividend yield is 0.00 %.

Q: 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.

Fair Value

₹1,795.27Overvalued by 14.75%vs CMP ₹2,106.00

P/E (103.0) × ROE (8.9%) × BV (₹240.00) × DY (2.00%)

₹460.01Overvalued by 78.16%vs CMP ₹2,106.00

MoS: -357.8% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,139.34	25%	Over (-45.9%)
Graham Number	Earnings	₹320.73	18%	Over (-84.8%)
DCF	Cash Flow	₹115.99	15%	Over (-94.5%)
Net Asset Value	Assets	₹240.35	8%	Over (-88.6%)
EV/EBITDA	Enterprise	₹222.39	10%	Over (-89.4%)
Earnings Yield	Earnings	₹190.50	8%	Over (-91%)
ROCE Capital	Returns	₹391.30	10%	Over (-81.4%)
Revenue Multiple	Revenue	₹70.15	6%	Over (-96.7%)
Consensus (8 models)		₹460.01	100%	Overvalued

Key Drivers: EPS CAGR -36.5% drags value — could be higher if earnings stabilize. | P/E of 103 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

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

Analyst Summary

Azad Engineering Ltd operates in the Engineering - General segment, NSE: AZAD | BSE: 544061, current market price is ₹2,106.00, market cap is 13,599 Cr.. At a glance, stock P/E is 103, ROE is 8.90 %, ROCE is 11.7 %, book value is 240, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹460.01, around 78.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹453 Cr versus the prior period change of 32.8%, while latest net profit is about ₹89 Cr with a prior-period change of 50.8%. The 52-week range shown on this page is 2,350/1,359, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAzad 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 U7…

This summary is generated from the stock page data available for Azad Engineering Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Azad Engineering Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health61/100 · Moderate

ROCE 11.7% AverageROE 8.9% 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 103.0 vs industry 36.7 Premium to peersROCE 11.7% vs industry 16.7% AverageROE 8.9% vs industry 22.6% 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.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:03 am

Market Cap	13,599 Cr.
Current Price	2,106
Intrinsic Value	₹460.01
High / Low	2,350/1,359
Stock P/E	103
Book Value	240
Dividend Yield	0.00 %
ROCE	11.7 %
ROE	8.90 %
Face Value	2.00
PEG Ratio	-2.82

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

Stock P/E Current Price Intrinsic Value

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	13,599 Cr.	2,106	2,350/1,359	103	240	0.00 %	11.7 %	8.90 %	2.00
Engineers India Ltd	12,587 Cr.	224	267/164	18.2	56.0	1.79 %	30.6 %	23.8 %	5.00
Ircon International Ltd	12,251 Cr.	130	208/114	20.6	70.6	2.03 %	9.69 %	9.19 %	2.00
Va Tech Wabag Ltd	9,497 Cr.	1,524	1,672/1,033	25.4	412	0.26 %	21.3 %	15.9 %	2.00
Craftsman Automation Ltd	20,975 Cr.	8,792	9,750/5,100	53.3	1,368	0.13 %	14.2 %	12.8 %	5.00
Industry Average	4,288.50 Cr	540.19		36.69	127.52	0.30%	16.66%	22.64%	6.04

All Competitor Stocks of Azad Engineering Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	60	85	76	83	89	93	98	111	119	125	135	143	156
Expenses	42	54	50	57	56	61	65	72	76	79	86	91	96
Operating Profit	17	30	26	26	33	31	33	40	43	45	49	51	60
OPM %	29%	36%	35%	32%	37%	34%	34%	36%	36%	36%	36%	36%	39%
Other Income	3	5	0	11	18	3	1	2	5	4	9	13	9
Interest	13	11	10	12	19	6	3	5	6	4	6	6	8
Depreciation	4	4	5	5	5	5	6	7	7	9	10	11	14
Profit before tax	3	20	11	20	27	23	24	30	35	37	42	47	47
Tax %	-30%	26%	35%	3%	37%	34%	30%	30%	30%	29%	29%	30%	28%
Net Profit	4	15	7	19	17	15	17	21	24	26	30	33	34
EPS in Rs	23.19	89.96	44.80	3.92	2.84	2.53	2.90	3.56	4.11	4.03	4.64	5.11	5.27

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	122	121	194	252	341	453	558
Expenses	81	92	132	179	224	292	352
Operating Profit	41	29	62	72	117	161	205
OPM %	34%	24%	32%	29%	34%	36%	37%
Other Income	1	4	3	10	32	12	34
Interest	6	5	14	52	47	18	24
Depreciation	7	9	13	17	21	29	43
Profit before tax	30	19	39	13	81	126	173
Tax %	29%	29%	28%	36%	27%	30%
Net Profit	21	14	28	9	59	89	123
EPS in Rs	139.44	89.28	185.04	51.52	9.91	13.71	19.05
Dividend Payout %	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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: May 26, 2026, 6:00 am

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	2	12	13	13
Reserves	85	91	118	202	633	1,405	1,539
Borrowings	61	87	197	300	39	252	464
Other Liabilities	49	77	87	85	113	185	179
Total Liabilities	198	257	404	589	797	1,855	2,195
Fixed Assets	101	114	137	210	257	414	756
CWIP	0	0	24	38	45	80	257
Investments	7	6	6	6	0	0	0
Other Assets	90	136	237	335	494	1,361	1,182
Total Assets	198	257	404	589	797	1,855	2,195

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	37	34	21	-10	-7	63	-123
Cash from Investing Activity +	-28	-29	-114	-101	-55	-923	-70
Cash from Financing Activity +	-7	7	96	126	71	873	177
Net Cash Flow	1	12	3	15	9	12	-17
Free Cash Flow	8	12	-96	-94	-78	-212	-694
CFO/OP	106%	133%	41%	-1%	7%	50%	-34%

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-20.00	-58.00	-135.00	-228.00	78.00	-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

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	122	159	140	172	182	179
Inventory Days	489	910	1,009	1,042	1,055	1,097
Days Payable	851	977	748	599	396	460
Cash Conversion Cycle	-240	92	401	615	841	816
Working Capital Days	12	-7	4	120	283	218
ROCE %		15%	21%	16%	21%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	1,35,090	1,06,231	1,02,445	1,28,846	1,17,613	1,24,539	1,27,692	1,27,716	1,25,118

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Flexicap Fund	2,208,918	2.28	478.21	2,581,111	2026-06-11 19:44:47	-14.42%
Axis Small Cap Fund	686,848	0.54	148.7	264,476	2026-01-26 01:07:04	159.7%
ICICI Prudential Balanced Advantage Fund	598,110	0.18	129.48	588,110	2026-06-11 19:44:47	1.7%
Axis Flexi Cap Fund	341,378	0.59	73.9	278,728	2026-06-11 19:44:47	22.48%
WhiteOak Capital Flexi Cap Fund	319,772	0.88	69.23	287,389	2026-06-11 16:26:07	11.27%
WhiteOak Capital Mid Cap Fund	184,204	0.75	39.88	140,885	2026-06-11 19:44:47	30.75%
Bandhan Infrastructure Fund	169,851	2.45	36.77	175,704	2026-06-11 19:44:47	-3.33%
Kotak Infrastructure & Economic Reform Fund	144,000	1.31	31.17	N/A	N/A	N/A
Bandhan Balanced Advantage Fund	23,019	0.23	4.98	N/A	N/A	N/A
WhiteOak Capital ELSS Tax Saver Fund	17,477	0.84	3.78	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	14.66	11.20	1.79	6.49	2.53
Diluted EPS (Rs.)	14.66	11.20	1.79	6.49	2.53
Cash EPS (Rs.)	17.97	13.38	151.67	282.69	134.65
Book Value[Excl.RevalReserv]/Share (Rs.)	215.82	109.12	1234.79	793.17	600.74
Book Value[Incl.RevalReserv]/Share (Rs.)	215.82	109.12	1234.79	793.17	600.74
Revenue From Operations / Share (Rs.)	70.82	57.65	1523.46	1285.31	811.11
PBDIT / Share (Rs.)	26.62	25.13	497.12	443.25	201.34
PBIT / Share (Rs.)	22.05	21.66	396.74	355.25	142.70
PBT / Share (Rs.)	19.20	13.67	79.65	265.26	107.31
Net Profit / Share (Rs.)	13.40	9.91	51.29	194.69	76.01
NP After MI And SOA / Share (Rs.)	13.52	9.91	51.29	194.69	76.01
PBDIT Margin (%)	37.58	43.60	32.63	34.48	24.82
PBIT Margin (%)	31.13	37.57	26.04	27.63	17.59
PBT Margin (%)	27.11	23.70	5.22	20.63	13.23
Net Profit Margin (%)	18.92	17.19	3.36	15.14	9.37
NP After MI And SOA Margin (%)	19.09	17.19	3.36	15.14	9.37
Return on Networth / Equity (%)	6.26	9.08	4.15	24.54	12.65
Return on Capital Employeed (%)	8.73	18.32	14.86	20.95	15.04
Return On Assets (%)	4.69	7.34	1.43	7.28	4.49
Long Term Debt / Equity (X)	0.12	0.04	1.08	1.02	0.45
Total Debt / Equity (X)	0.17	0.05	1.47	1.64	0.96
Asset Turnover Ratio (%)	0.34	0.49	0.50	0.58	0.00
Current Ratio (X)	5.20	4.29	1.91	1.13	1.12
Quick Ratio (X)	4.38	2.94	1.33	0.74	0.81
Inventory Turnover Ratio (X)	2.84	0.60	0.69	0.82	0.00
Dividend Payout Ratio (NP) (%)	0.00	14.09	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	10.43	0.00	0.00	0.00
Earning Retention Ratio (%)	0.00	85.91	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	0.00	89.57	0.00	0.00	0.00
Interest Coverage Ratio (X)	9.35	3.14	1.57	4.93	5.69
Interest Coverage Ratio (Post Tax) (X)	5.71	2.24	1.16	3.16	3.15
Enterprise Value (Cr.)	8332.22	8045.07	0.00	0.00	0.00
EV / Net Operating Revenue (X)	18.22	23.61	0.00	0.00	0.00
EV / EBITDA (X)	48.47	54.15	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	19.21	23.67	0.00	0.00	0.00
Retention Ratios (%)	0.00	85.90	0.00	0.00	0.00
Price / BV (X)	6.30	12.51	0.00	0.00	0.00
Price / Net Operating Revenue (X)	19.21	23.67	0.00	0.00	0.00
EarningsYield	0.01	0.01	0.00	0.00	0.00

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. 590.38 Cr. and Equity Capital is Rs. 12.92 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	90/C, 90/D, Phase-1, I.D.A. Hyderabad Telangana 500055	Contact not found

Management
Name	Position Held
Mr. Rakesh Chopdar	Chairman & CEO
Mr. Murli Krishna Bhupatiraju	Managing Director
Ms. Jyoti Chopdar	Whole Time Director
Mr. Vishnu Pramodkumar Malpani	Whole Time Director
Mr. Michael Joseph Booth	Independent Director
Mr. Subba Rao Ambati	Independent Director
Ms. Madhusree Vemuru	Independent Director
Mr. Deepak Kabra	Independent Director

FAQ

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

As of 14 June 2026, Azad Engineering Ltd's intrinsic value is ₹460.01, which is 78.16% lower than the current market price of ₹2,106.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.90 %), book value (₹240), 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 ₹2,106.00 as of 14 June 2026, with a FY2026-2027 high of ₹2,350 and low of ₹1,359. The stock is currently near its 52-week high. Market cap stands at ₹13,599 Cr..

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

Azad Engineering Ltd has a P/E ratio of 103, which is above the industry average of 36.69. 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 11.7 % 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 ₹2,106.00. The company is currently not paying meaningful dividends.