₹2,408.1
▲ +56.21 +2.39%
17 Jul 2026
NSE Listed · Aerospace & Defence
Azad Engineering Limited (AZAD)
Volume: 4,41,196Avg Vol 1W: 1,98,694Avg Vol 1M: 4,82,40152W Range:₹1,360₹2,530
Key Ratios
Checked just nowMarket Cap₹15,552 Cr
Current Price₹2,408.1
Previous Close₹2,351.89
High / Low (52w)₹2,530 / ₹1,360
Volume4,41,196
Avg Vol (1W)1,98,694
Avg Vol (1M)4,82,401
Stock P/E432.33
Book Value₹236.74
Dividend Yield0%
ROE8.69%
ROA6.07%
Revenue (TTM)—
Revenue Growth34.21%
Profit Margin22.05%
Total Debt₹171 Cr
Shares Outstanding6 Cr
Face Value₹2
EPS (TTM)₹20.58
P/B10.17
Debt / Equity0.31
50 DMA₹2,181.42
200 DMA₹1,938.33
Day change+2.39%
Price Chart
₹2,408.1▲ 48.45% · 1Y
2025-11-242026-07-16
20-day avg volume: 5.2L shares
Pros
- Company is almost debt-free.
- Revenue grew 26% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 432.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹98 Cr | ₹112 Cr | ₹120 Cr | ₹127 Cr | ₹137 Cr | ₹146 Cr | ₹159 Cr | ₹162 Cr |
| EBITDA | ₹28 Cr | ₹35 Cr | ₹40 Cr | ₹40 Cr | ₹48 Cr | ₹53 Cr | ₹56 Cr | ₹61 Cr |
| Net Profit | ₹17 Cr | ₹21 Cr | ₹24 Cr | ₹25 Cr | ₹30 Cr | ₹33 Cr | ₹35 Cr | ₹36 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹124 Cr | ₹125 Cr | ₹199 Cr | ₹262 Cr | ₹373 Cr | ₹468 Cr |
| EBITDA | ₹36 Cr | ₹22 Cr | ₹54 Cr | ₹66 Cr | ₹128 Cr | ₹142 Cr |
| Net Profit | ₹21 Cr | ₹12 Cr | ₹29 Cr | ₹8 Cr | ₹59 Cr | ₹87 Cr |
| EPS | 139.46 | 2.53 | 6.49 | 1.8 | 11.2 | 14.66 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹198 Cr | ₹256 Cr | ₹404 Cr | ₹589 Cr | ₹797 Cr | ₹1,861 Cr |
| Total Liabilities | ₹107 Cr | ₹165 Cr | ₹284 Cr | ₹385 Cr | ₹152 Cr | ₹468 Cr |
| Equity | ₹91 Cr | ₹91 Cr | ₹120 Cr | ₹204 Cr | ₹645 Cr | ₹1,393 Cr |
| Total Debt | ₹26 Cr | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹12 Cr | ₹26 Cr | ₹-1 Cr | ₹8 Cr | ₹71 Cr |
| Investing | ₹-35 Cr | ₹-114 Cr | ₹-101 Cr | ₹-55 Cr | ₹-918 Cr |
| Financing | ₹24 Cr | ₹96 Cr | ₹126 Cr | ₹71 Cr | ₹877 Cr |
| Free Cash Flow | ₹12 Cr | ₹26 Cr | ₹-1 Cr | ₹8 Cr | ₹71 Cr |
Shareholding
Promoter 55.84% Institutions 23.62% Public 20.54%
Efficiency & Working Capital
ROCE10.8%
Interest Coverage7.7
Dividend Payout—
Debtor Days178 d
Inventory Days151 d
Payable Days64 d
Cash Conversion Cycle265 d
Working Capital Days329 d
Shareholding Details
As of 2026-03-31
Promoter55.8%
FII14.8%
DII11.7%
Institutions26.5%
Public17.7%
Promoter Pledge0%
No. of Shareholders1,26,786
Shareholding Pattern
Quarterly — figures in %. Latest 11 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 86.5% | 65.9% | 65.9% | 65.9% | 65.9% | 65.9% | 60.3% | 55.4% | 55.4% | 55.8% | 55.8% |
| FIIs | 0% | 4.7% | 7% | 9.7% | 9.7% | 10% | 14.2% | 16.2% | 15.8% | 15.3% | 14.8% |
| DIIs | 0% | 5.7% | 5% | 3.4% | 5.7% | 6.6% | 8.2% | 8.9% | 9.8% | 10.7% | 11.7% |
| Public | 13.5% | 23.8% | 22.1% | 21% | 18.6% | 17.6% | 17.2% | 19.5% | 19% | 18.1% | 17.7% |
| Promoter Pledge | 59% | 0% | 0% | 0% | 0.8% | 0.8% | 0.8% | 0.8% | 0.8% | 0% | 0% |
| No. of Shareholders | 64 | 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 | 1,26,786 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Rakesh Chopdar | Shareholding of Promoter and Promoter Group | 54.9% | 3.54 Cr |
| Icici Prudential Balanced Advantage Fund | Public Shareholding | 4.9% | 31,92,719 |
| Nomura India Investment Fund Mother Fund | Public Shareholding | 2.2% | 14,42,096 |
| Abu Dhabi Investment Authority - Monsoon | Public Shareholding | 2.2% | 13,90,125 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual F | Public Shareholding | 1.5% | 9,65,576 |
| Nomura Funds Ireland Public Limited Company- Nomur | Public Shareholding | 1.2% | 7,73,974 |
| Whiteoak Capital Flexi Cap Fund | Public Shareholding | 1.2% | 7,67,941 |
| Kotak Infrastructure & Economic Reform Fund | Public Shareholding | 1.1% | 7,03,000 |
| Jyoti Chopdar | Shareholding of Promoter and Promoter Group | 0.7% | 4,41,300 |
| Satwik Chopdar | Shareholding of Promoter and Promoter Group | 0.2% | 1,48,650 |
| Babita Shripalsingh Sulhyan | Shareholding of Promoter and Promoter Group | 0% | 12,000 |
| Amit Walia | Shareholding of Promoter and Promoter Group | 0% | 5,332 |
| Ella Walia | Shareholding of Promoter and Promoter Group | 0% | 6,000 |
| Deepak Chopdar | Shareholding of Promoter and Promoter Group | 0% | 3,720 |
| Chopdar Kartik | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sunita Walia | Shareholding of Promoter and Promoter Group | 0% | 2,250 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Rakesh Chopdar | 0 | 0% | 2026-03-31 |
| Jyoti Chopdar | 0 | 0% | 2026-03-31 |
| Satwik Chopdar | 0 | 0% | 2026-03-31 |
| Babita Shripalsingh Sulhyan | 0 | 0% | 2026-03-31 |
| Amit Walia | 0 | 0% | 2026-03-31 |
| Sunita Walia | 0 | 0% | 2026-03-31 |
| Ella Walia | 0 | 0% | 2026-03-31 |
| Deepak Chopdar | 0 | 0% | 2026-03-31 |
| Chopdar Kartik | 0 | 0% | 2026-03-31 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual F | 0 | 0% | 2026-03-31 |
| Whiteoak Capital Flexi Cap Fund | 0 | 0% | 2026-03-31 |
| Kotak Infrastructure & Economic Reform Fund | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| RAKESH CHOPDAR | Chairman/ED & CEO | 2025 |
| Jyoti Chopdar | E D & Wholetime Director | 2025 |
| Vishnu Pramodkumar Malpani | E D & Wholetime Director | 2025 |
| Murali Krishna Bhupatiraju | Executive Director & MD | 2025 |
| Madhusree Vemuru | Independent Non Exe. Director | 2025 |
| SUBBA RAO AMBATI | Independent Non Exe. Director | 2025 |
| Michael Joseph Booth | Independent Non Exe. Director | 2025 |
| Deepak Kabra | Independent Non Exe. Director | 2025 |
| Ful Kumar Gautam | Company Sec. & Compli. Officer | 2025 |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| With in India | ₹37 Cr | 8.1% |
| Outside India | ₹416 Cr | 91.9% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 15 | 13 | 13 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 52 | 0 | 0 | 9 | 5 | 67 |
| 2025 | 25 | 0 | 0 | 0 | 0 | 25 |
| 2025 | 1 | 0 | 0 | 8 | 2 | 11 |
Insider / Designated-Person Trades
1 recent disclosure(s)
RAKESH CHOPDARDisposal · 31,67,702
Substantial Acquisitions (SAST)
4 disclosure(s)
Market27/04/2026 · 13,21,713
Market13/06/2025 · 1,00,000
Market06/06/2025 · 31,67,702
Market06/06/2025 · 31,67,702
Company Information
🌐 www.azad.in ↗
📍 90/C 90/D Phase 1 I D A, Jeedimetla, Hyderabad, Telangana, 500055
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