Debut Plus

2,329.7

-78.51 -3.26%

17 Jul 2026

NSE Listed · Aerospace & Defence

Azad Engineering Limited (AZAD)

Volume: 13,771Avg Vol 1W: 1,55,697Avg Vol 1M: 4,85,32552W Range:1,3602,530
Market Cap₹15,046 Cr
Current Price₹2,329.7
Previous Close₹2,408.21
High / Low (52w)₹2,530 / ₹1,360
Volume13,771
Avg Vol (1W)1,55,697
Avg Vol (1M)4,85,325
Stock P/E113.2
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/B9.84
Debt / Equity0.15
50 DMA₹2,190.4
200 DMA₹1,944.45
Day change-3.26%
Price Chart
2,329.7 43.37% · 1Y
2480136724.7L
2025-11-25
2026-07-17

20-day avg volume: 4.8L 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 113.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS139.462.536.491.7911.214.66
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 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 2026-06-30

Promoter55.8%
FII13.3%
DII10.3%
Institutions23.6%
Public20.5%
Promoter Pledge0%
No. of Shareholders1,33,221
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters86.5%65.9%65.9%65.9%65.9%65.9%60.3%55.4%55.4%55.8%55.8%55.8%
FIIs0%4.7%7%9.7%9.7%10%14.2%16.2%15.8%15.3%14.8%13.3%
DIIs0%5.7%5%3.4%5.7%6.6%8.2%8.9%9.8%10.7%11.7%10.3%
Public13.5%23.8%22.1%21%18.6%17.6%17.2%19.5%19%18.1%17.7%20.5%
Promoter Pledge59%0%0%0%0.8%0.8%0.8%0.8%0.8%0%0%0%
No. of Shareholders641,35,0901,06,2311,02,4451,28,8461,17,6131,24,5391,27,6921,27,7161,25,1181,26,7861,33,221
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Rakesh ChopdarShareholding of Promoter and Promoter Group54.9%3.54 Cr
Icici Prudential Balanced Advantage FundPublic Shareholding3.5%22,67,914
Abu Dhabi Investment Authority - MonsoonPublic Shareholding1.7%11,26,887
Axis Mutual Fund Trustee Limited A/c Axis Mutual FPublic Shareholding1.6%10,28,226
Whiteoak Capital Flexi Cap FundPublic Shareholding1.3%8,16,117
Nomura India Investment Fund Mother FundPublic Shareholding1.1%7,29,867
Kotak Infrastructure & Economic Reform FundPublic Shareholding1.1%6,78,000
Jyoti ChopdarShareholding of Promoter and Promoter Group0.7%4,41,300
Satwik ChopdarShareholding of Promoter and Promoter Group0.2%1,48,650
Babita Shripalsingh SulhyanShareholding of Promoter and Promoter Group0%12,000
Ella WaliaShareholding of Promoter and Promoter Group0%6,000
Amit WaliaShareholding of Promoter and Promoter Group0%5,332
Deepak ChopdarShareholding of Promoter and Promoter Group0%3,720
Sunita WaliaShareholding of Promoter and Promoter Group0%2,250
Chopdar KartikShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Rakesh Chopdar00%2026-06-30
Jyoti Chopdar00%2026-06-30
Satwik Chopdar00%2026-06-30
Babita Shripalsingh Sulhyan00%2026-06-30
Ella Walia00%2026-06-30
Amit Walia00%2026-06-30
Deepak Chopdar00%2026-06-30
Sunita Walia00%2026-06-30
Chopdar Kartik00%2026-06-30
Axis Mutual Fund Trustee Limited A/c Axis Mutual F00%2026-06-30
Whiteoak Capital Flexi Cap Fund00%2026-06-30
Kotak Infrastructure & Economic Reform Fund00%2026-06-30
Board of Directors
NameDesignationYear
RAKESH CHOPDARChairman/ED & CEO2025
Jyoti ChopdarE D & Wholetime Director2025
Vishnu Pramodkumar MalpaniE D & Wholetime Director2025
Murali Krishna BhupatirajuExecutive Director & MD2025
Madhusree VemuruIndependent Non Exe. Director2025
SUBBA RAO AMBATIIndependent Non Exe. Director2025
Michael Joseph BoothIndependent Non Exe. Director2025
Deepak KabraIndependent Non Exe. Director2025
Ful Kumar GautamCompany Sec. & Compli. Officer2025
Segments — Geography
RegionRevenueShare
With in India₹37 Cr8.1%
Outside India₹416 Cr91.9%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2151313
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202552009567
202525000025
20251008211
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
Incorporated1983
ChairmanRAKESH CHOPDAR
AuditorMSKA & Associates
Investor Email[email protected]
🌐 www.azad.in

📍 90/C 90/D Phase 1 I D A, Jeedimetla, Hyderabad, Telangana, 500055

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