Azad Engineering financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹173cr+25.9% on Q1 FY26
Net profit
₹35.2cr+19.5% on Q1 FY26
EBITDA margin
37.3%+1.4 pts on Q1 FY26
EPS
₹5.53+21.3% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue173137+25.9%
EBITDA64.449.2+30.7%
EBITDA margin37.3%35.9%+1.4 pts
Profit before tax39.041.9−6.9%
Net profit35.229.4+19.5%
EPS₹5.53₹4.56+21.3%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹173 crNet profit₹35.2 crNet margin20.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023
16,364————
24.624.640.828.219.4
−0.1−0.1−0.80.0—
45745724437.2301
16,796————
638603457341262
—+31.8%+34.2%+30.3%—
24022516111755.7
37.7%37.4%35.3%34.2%—
17917213296.155.7
13913486.558.6—
21.8%22.2%18.9%17.2%—
₹21.52₹20.58₹13.52₹9.07—
—+52.2%+49.1%——
—−11953.7−7.0—
—−572−293−75.3−85.6
−691−691−240−82.3—
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

AZAD₹2,533.90

Azad Engineering Ltd.

· Capital Goods & Defence
₹ CrorePeersMTARTECHPARASDYNAMATECHAXISCADESBALUFORGEAVALONATLANTAELEASTRAMICROMcap ₹16,364 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————16,363.9
- Cash, Equiv & ST Investments19.428.240.824.624.6
+ Minority Interest—0.0-0.8-0.1-0.1
+ Total Debt300.637.2243.6456.6456.6
Enterprise Value————16,795.9
Revenue261.5340.8457.4603.0638.5
Growth %, YoY—+30.3+34.2+31.8—
EBITDA55.7116.6161.3225.3240.4
Margin %—34.2135.2737.3737.66
EBIT55.796.1131.8172.5179.1
Net Income—58.686.5133.6139.3
Margin %—17.1918.9222.1521.82
EPS, Adj (current shares)—9.0713.5220.5821.52
Growth %, YoY——+49.1+52.2—
Cash from Operations—-7.053.7-119.0—
Capital Expenditures-85.6-75.3-293.3-572.5—
Free Cash Flow—-82.3-239.6-691.4-691.4
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Azad Engineering financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Azad Engineering (NSE: AZAD) had a market capitalisation of ₹16,364 crore at the previous close (₹2,533.90 a share), a PE ratio of 117.7 on the last four quarters' profit and a price-to-book ratio of 10.70. In FY26 its consolidated net profit attributable to shareholders was ₹133 crore on revenue of ₹603 crore; in Q1 FY27 (April–June 2026) it was ₹35.7 crore, up 21.4% year on year. Its debt-to-equity ratio was 0.30 on 31 March 2026. Promoters held 55.84% of the shares on 30 September 2026.

Share price used
₹2,533.90 · previous close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Azad Engineering at a glance · consolidated

Market cap
₹16,364 Crat ₹2,533.90 · previous close
PE ratio (last 4 quarters)
117.7123.2 on FY26 profit
Price to book (PB)
10.70book value ₹236.74 a share
ROE (FY26)
9.1%+0.5 pts vs FY25ROCE 9.8%
Debt to equity
0.30net debt ₹272 Cr
Promoter holding
55.84%unchanged vs 30 Jun 202630 September 2026
Net worth
₹1,529 Cr+9.7% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹691 Cr
EPS (FY26)
₹20.57

Questions

What is the Azad Engineering PE ratio today?

Azad Engineering's PE ratio is 117.7 at the previous close (₹2,533.90 a share): a market capitalisation of ₹16,364 crore divided by consolidated net profit attributable to shareholders of ₹139 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹133 crore) it is 123.2.

What is the Azad Engineering PB ratio (price to book value)?

Azad Engineering's price-to-book (PB) ratio is 10.70 at the previous close: a market capitalisation of ₹16,364 crore divided by shareholders' equity (book value) of ₹1,529 crore on 31 March 2026. That is a book value of ₹236.74 per share against a share price of ₹2,533.90.

What is the Azad Engineering book value per share?

Azad Engineering's book value per share was ₹236.74 on 31 March 2026: shareholders' equity of ₹1,529 crore divided by the 6.46 crore shares in issue, up 9.7% from ₹215.82 a year earlier. The share price at the previous close was ₹2,533.90.

What is the Azad Engineering market cap?

Azad Engineering's market capitalisation was ₹16,364 crore at the previous close: 6.46 crore shares at ₹2,533.90 each.

Is Azad Engineering debt free?

No. Azad Engineering had borrowings of ₹457 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.30. Its cash and current investments were ₹185 crore, so its net debt was ₹272 crore.

What is the Azad Engineering EPS?

Azad Engineering's basic earnings per share (EPS) were ₹20.57 in FY26, against ₹14.66 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹21.49.

What is the Azad Engineering debt to equity ratio?

Azad Engineering's debt-to-equity ratio was 0.30 on 31 March 2026: borrowings of ₹457 crore against total equity of ₹1,529 crore. A year earlier, on 31 March 2025, it was 0.17.

What is the Azad Engineering net worth?

Azad Engineering's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,529 crore on 31 March 2026, up 9.7% from ₹1,394 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹16,364 crore at the previous close.

What is the Azad Engineering free cash flow?

In FY26, Azad Engineering generated ₹119 crore of cash from operations and spent ₹572 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹691 crore. In FY25 it was −₹240 crore.

What is the Azad Engineering ROE and ROCE?

In FY26, Azad Engineering's return on equity (ROE) was 9.1% and its return on capital employed (ROCE) was 9.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 8.6% and ROCE 11.3%.

What is the Azad Engineering shareholding pattern?

On 30 September 2026, Azad Engineering's shares were held by promoters 55.84%, foreign portfolio investors (FII/FPI) 12.70%, domestic institutions (DII) 10.40% (including mutual funds at 8.81%) and retail and other non-institutional investors 21.05%. Over the year, FII holding was down 3.06 percentage points from 15.76% and DII holding was up 0.56 percentage points from 9.84%.

Azad Engineering vs MTAR Technologies: how do they compare?

In FY26, Azad Engineering earned net profit attributable to shareholders of ₹133 crore on revenue of ₹603 crore, against ₹94 crore on ₹876 crore for MTAR Technologies. Azad Engineering's operating margin was 28.6% (MTAR Technologies 15.5%) and its return on equity 9.1% (MTAR Technologies 12.1%).

What is the Azad Engineering promoter holding?

Promoters held 55.84% of Azad Engineering on 30 September 2026, unchanged from the previous quarter and up 0.42 percentage points from 55.42% a year earlier, according to the shareholding pattern filed with NSE.

What is the Azad Engineering revenue and profit in FY26?

In FY26 (April 2025–March 2026), Azad Engineering's consolidated net profit attributable to shareholders was ₹133 crore, up 52.2% from ₹87.3 crore in FY25, on revenue from operations of ₹603 crore (up 31.8%).

When are the Azad Engineering next results?

Azad Engineering has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What are the Azad Engineering latest quarterly results?

Azad Engineering's latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit attributable to shareholders ₹35.7 crore, up 21.4% from ₹29.4 crore in Q1 FY26; revenue from operations ₹173 crore, up 25.9% year on year.

How does Azad Engineering compare with its peers?

On FY26 consolidated figures, against MTAR Technologies, Paras Defence and Space Technologies and Dynamatic Technologies: Azad Engineering's operating margin of 28.6% is the highest of the four (MTAR Technologies 15.5%, Paras Defence and Space Technologies 21.7%, Dynamatic Technologies 6.5%; peer average 14.6%); its return on equity of 9.1% is the third highest of the four (MTAR Technologies 12.1%, Paras Defence and Space Technologies 12.9%, Dynamatic Technologies 4.3%; peer average 9.8%); its revenue growth over three years of 32.1% a year is the highest of the four (MTAR Technologies 15.2% a year, Paras Defence and Space Technologies 28.9% a year, Dynamatic Technologies 7.2% a year; peer average 17.1% a year).

Where do these Azad Engineering figures come from?

From Azad Engineering's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.