Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
Azad Engineering manufactures high-precision, mission-critical components for energy turbines (airfoils/blades for gas, steam and nuclear turbines), aerospace and defence, and oil & gas applications. It is a qualified supplier to global OEMs such as GE, Siemens Energy, Mitsubishi Heavy Industries and Honeywell, with long qualification cycles creating high entry barriers. Revenue is driven by turbine airfoil exports and a growing aerospace/defence order book.
A niche Indian precision-forging/machining supplier to global turbine and aerospace OEMs.
Azad Engineering Ltd. is a constituent of NIFTY MICROCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from Azad Engineering Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 20.57 | 14.66 | 11.20 |
| Book value / share (₹) | 236.74 | 215.71 | 109.12 |
| Return on equity | 8.7% | 6.3% | 9.1% |
| Return on capital employed | 9.1% | 8.1% | 13.8% |
| Operating margin | 28.6% | 28.8% | 28.2% |
| Net margin | 22.1% | 18.9% | 17.2% |
| EBITDA | ₹225 Cr | ₹161 Cr | ₹117 Cr |
| Free cash flow | ₹-691 Cr | ₹-240 Cr | ₹-82 Cr |
| Total debt | ₹457 Cr | ₹244 Cr | ₹37 Cr |
| Debt to equity | 0.30 | 0.17 | 0.06 |
| Interest coverage | 5.6 | 7.2 | 2.0 |
| Current ratio | 3.27 | 5.20 | 4.29 |
| Shares outstanding | 6,45,80,000 | 6,45,80,000 | 5,91,15,000 |
Open the full income statement, balance sheet and cash flow for AZAD →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.