Azad Engineering balance sheet

As of Mar 2026

Total assets: ₹2,200cr+18.2% on Mar 2025
Shareholders' equity: ₹1,529cr+9.7% on Mar 2025
Total debt: ₹457cr+87.5% on Mar 2025
Cash and investments: ₹24.6cr−39.8% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023

Non-current assets
	779	417	257	—
	257	79.8	45.4	38.0
	0.0	19.4	0.0	—
	40.7	26.5	24.7	—
	40.7	26.5	24.7	—
	134	121	48.0	47.6
	1,211	664	375	306
Current assets
	329	189	133	86.1
	312	223	170	119
	24.6	40.8	28.2	19.4
	160	656	30.7	33.3
	6.3	3.2	0.0	—
	503	924	229	—
	158	84.0	59.9	26.1
	989	1,197	422	284
	2,200	1,861	797	589
Equity
	12.9	12.9	11.8	1.7
	1,516	1,381	633	202
	1,529	1,394	645	—
	−0.1	−0.8	0.0	—
	1,529	1,393	645	204
Liabilities
	281	171	27.1	221
	32.2	34.7	2.0	—
	313	206	29.1	—
	6.2	4.6	3.6	2.6
	49.2	27.4	21.1	13.6
	369	238	53.8	237
	176	72.7	10.0	79.7
	85.3	80.1	50.0	49.5
	34.7	52.1	12.1	12.3
	296	205	72.1	142
	0.8	0.6	0.4	0.3
	1.0	17.9	2.8	2.5
	5.1	6.7	22.9	3.9
	303	230	98.2	148
	671	468	152	385
	2,200	1,861	797	589
Trade payables — MSME split
	18.1	30.0	—	—
	67.2	50.1	—	—

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

alphave

AZAD₹2,485.00

Azad Engineering Ltd.

· Capital Goods & Defence

₹ CrorePeersMTARTECH PARAS DYNAMATECH AXISCADES BALUFORGE AVALON ATLANTAELE ASTRAMICROMcap ₹16,048 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	—	257.3	416.6	779.3	779.3
+ Capital Work-in-Progress	38.0	45.4	79.8	256.7	256.7
+ Other Intangibles	—	0.0	19.4	0.0	0.0
+ Other Non-current Financial Assets	—	24.7	26.5	40.7	40.7
Non-current Financial Assets	—	24.7	26.5	40.7	40.7
+ Other Non-current Assets	47.6	48.0	121.4	134.1	134.1
Total Non-current Assets	305.6	375.4	663.7	1,210.7	1,210.7
Current Assets
+ Inventories	86.1	133.0	189.3	329.1	329.1
+ Trade Receivables	118.7	170.0	223.5	311.7	311.7
+ Cash & Cash Equivalents	19.4	28.2	40.8	24.6	24.6
+ Other Bank Balances	33.3	30.7	656.2	160.0	160.0
+ Other Current Financial Assets	—	0.0	3.2	6.3	6.3
Current Financial Assets	—	228.9	923.7	502.5	502.5
+ Other Current Assets	26.1	59.9	84.0	157.7	157.7
Total Current Assets	283.6	421.7	1,197.0	989.3	989.3
Total Assets	589.2	797.1	1,860.7	2,200.0	2,200.0
Equity
+ Equity Share Capital	1.7	11.8	12.9	12.9	12.9
+ Other Equity / Reserves	202.3	633.2	1,380.9	1,516.0	1,516.0
Equity — Owners of Parent	—	645.1	1,393.8	1,528.9	1,528.9
+ Minority Interest	—	0.0	-0.8	-0.1	-0.1
Total Equity	204.0	645.1	1,393.0	1,528.8	1,528.8
Liabilities
+ Borrowings — Non-current	220.9	27.1	170.9	280.9	280.9
+ Other Non-current Financial Liab	—	2.0	34.7	32.2	32.2
Non-current Financial Liabilities	—	29.1	205.5	313.1	313.1
+ Provisions — Non-current	2.6	3.6	4.6	6.2	6.2
+ Deferred Tax Liabilities	13.6	21.1	27.4	49.2	49.2
Non-current Liabilities	237.0	53.8	237.6	368.5	368.5
+ Borrowings — Current	79.7	10.0	72.7	175.7	175.7
+ Trade Payables	49.5	50.0	80.1	85.3	85.3
+ Other Current Financial Liab	12.3	12.1	52.1	34.7	34.7
Current Financial Liabilities	141.6	72.1	204.9	295.7	295.7
+ Provisions — Current	0.3	0.4	0.6	0.8	0.8
+ Current Tax Liabilities	2.5	2.8	17.9	1.0	1.0
+ Other Current Liabilities	3.9	22.9	6.7	5.1	5.1
Current Liabilities	148.2	98.2	230.1	302.7	302.7
Total Liabilities	385.2	152.0	467.7	671.2	671.2
Total Equity & Liabilities	589.2	797.1	1,860.7	2,200.0	2,200.0
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	30.0	18.1	18.1
+ Dues to Other Creditors — Current	—	—	50.1	67.2	67.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.