AZAD ENGINEERING LIMITED (AZAD) financials

AZAD ENGINEERING LIMITED (AZAD) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines and supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.[1]

Market Cap: ₹17,702Cr.
Current Price: ₹2,741
Stock P/E: 128
ROE: 8.90%
ROCE: 11.7%
Book Value: ₹240
Dividend Yield: 0.00%
52W High / Low: ₹3,128/1,359

In Jun 2026, AZAD ENGINEERING LIMITED (AZAD) reported sales ₹171 Cr and net profit ₹36 Cr.

Annual TTM: sales ₹626 Cr, net profit ₹139 Cr.

Shareholding: Promoters 55.84% (Sep 2026), FIIs 12.70% (Sep 2026), DIIs 10.40% (Sep 2026), Public 21.06% (Sep 2026), No. of Shareholders 1,49,134% (Sep 2026).

AZAD quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	111	119	125	135	143	156	157	171
Expenses	72	76	79	86	91	96	100	106
Operating Profit	40	43	45	49	51	60	58	64
OPM %	36%	36%	36%	36%	36%	39%	37%	38%
Other Income	2	5	4	9	13	9	17	4
Interest	5	6	4	6	6	8	10	10
Depreciation	7	7	9	10	11	14	16	18
Profit before tax	30	35	37	42	47	47	49	40
Tax %	30%	30%	29%	29%	30%	28%	29%	9%
Net Profit	21	24	26	30	33	34	35	36
EPS in Rs	3.56	4.11	4.03	4.64	5.11	5.27	5.44	5.63
Raw PDF	—	—	—	—	—	—	—	—

AZAD profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	122	121	194	252	341	453	590	626
Expenses	81	92	132	179	224	292	373	393
Operating Profit	41	29	62	72	117	161	218	233
OPM %	34%	24%	32%	29%	34%	36%	37%	37%
Other Income	1	4	3	10	32	12	48	42
Interest	6	5	14	52	47	18	30	34
Depreciation	7	9	13	17	21	29	50	58
Profit before tax	30	19	39	13	81	126	185	183
Tax %	29%	29%	28%	36%	27%	30%	29%	—
Net Profit	21	14	28	9	59	89	132	139
EPS in Rs	4.63	2.96	6.14	1.71	9.91	13.71	20.46	21.45
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

AZAD balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	2	12	13	13
Reserves	85	91	118	202	633	1,405	1,539
Borrowings	61	87	197	300	39	252	464
Other Liabilities	49	77	87	85	113	185	179
Total Liabilities	198	257	404	589	797	1,855	2,195
Fixed Assets	101	114	137	210	257	414	756
CWIP	0	0	24	38	45	80	257
Investments	7	6	6	6	0	0	0
Other Assets	90	136	237	335	494	1,361	1,182
Total Assets	198	257	404	589	797	1,855	2,195

AZAD cash flows (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	37	34	21	-10	-7	63	-123
Cash from Investing Activity	-28	-29	-114	-101	-55	-923	-70
Cash from Financing Activity	-7	7	96	126	71	873	177
Net Cash Flow	1	12	3	15	9	12	-17
Free Cash Flow	8	12	-96	-94	-78	-212	-694
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	106%	133%	41%	-1%	7%	50%	-34%

AZAD shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	65.90%	60.32%	55.42%	55.42%	55.84%	55.84%	55.84%	55.84%
FIIs	9.98%	14.23%	16.16%	15.76%	15.33%	14.75%	13.30%	12.70%
DIIs	6.57%	8.23%	8.91%	9.84%	10.73%	11.71%	10.32%	10.40%
Public	17.56%	17.21%	19.53%	18.99%	18.08%	17.69%	20.53%	21.06%
No. of Shareholders	1,17,613	1,24,539	1,27,692	1,27,716	1,25,118	1,26,786	1,33,221	1,49,134

AZAD key ratios
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	159	140	172	182	179	191
Inventory Days	489	910	1,009	1,042	1,055	1,097	2,090
Days Payable	851	977	748	599	396	460	552
Cash Conversion Cycle	-240	92	401	615	841	816	1,729
Working Capital Days	12	-7	4	120	283	218	310
ROCE %	—	15%	21%	16%	20%	12%	12%

AZADUpdated 18 Oct 2026, 5:08

Azad Engineering Limited

AZADUpdated 18 Oct 2026, 5:08

Market Cap

₹17,702Cr.

Current Price

₹2,741

High / Low

₹3,128/1,359

Stock P/E

128

ROE8.90%

ROCE11.7%

Book Value₹240

Face Value₹2.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	76	10	50	0	5	11	35	7	1.49
Sep 2023	83	12	57	11	5	20	3	19	3.92
Dec 2023	89	19	56	18	5	27	37	17	2.84
Mar 2024	93	6	61	3	5	23	34	15	2.53
Jun 2024	98	3	65	1	6	24	30	17	2.9
Sep 2024	111	5	72	2	7	30	30	21	3.56
Dec 2024	119	6	76	5	7	35	30	24	4.11
Mar 2025	125	4	79	4	9	37	29	26	4.03
Jun 2025	135	6	86	9	10	42	29	30	4.64
Sep 2025	143	6	91	13	11	47	30	33	5.11
Dec 2025	156	8	96	9	14	47	28	34	5.27
Mar 2026	157	10	100	17	16	49	29	35	5.44
Jun 2026	171	10	106	4	18	40	9	36	5.63

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2020	122	6	81	1	7	30	29	21	4.63
Mar 2021	121	5	92	4	9	19	29	14	2.96
Mar 2022	194	14	132	3	13	39	28	28	6.14
Mar 2023	252	52	179	10	17	13	36	9	1.71
Mar 2024	341	47	224	32	21	81	27	59	9.91
Mar 2025	453	18	292	12	29	126	30	89	13.71
Mar 2026	590	30	373	48	50	185	29	132	20.46
TTM	626	34	393	42	58	183	—	139	21.45

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	55.84%
FIIs	12.7%
DIIs	10.4%
Public	21.06%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	65.9%	4.68%	5.71%	23.7%
Mar 2024	65.9%	6.98%	5%	22.13%
Jun 2024	65.9%	9.69%	3.44%	20.98%
Sep 2024	65.9%	9.74%	5.74%	18.61%
Dec 2024	65.9%	9.98%	6.57%	17.56%
Mar 2025	60.32%	14.23%	8.23%	17.21%
Jun 2025	55.42%	16.16%	8.91%	19.53%
Sep 2025	55.42%	15.76%	9.84%	18.99%
Dec 2025	55.84%	15.33%	10.73%	18.08%
Mar 2026	55.84%	14.75%	11.71%	17.69%
Jun 2026	55.84%	13.3%	10.32%	20.53%
Sep 2026	55.84%	12.7%	10.4%	21.06%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2020	2	85	61	49	198	101	0	7	90	198
Mar 2021	2	91	87	77	257	114	0	6	136	257
Mar 2022	2	118	197	87	404	137	24	6	237	404
Mar 2023	2	202	300	85	589	210	38	6	335	589
Mar 2024	12	633	39	113	797	257	45	0	494	797
Mar 2025	13	1405	252	185	1855	414	80	0	1361	1855
Mar 2026	13	1539	464	179	2195	756	257	0	1182	2195

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2020	37	-28	-7	1
Mar 2021	34	-29	7	12
Mar 2022	21	-114	96	3
Mar 2023	-10	-101	126	15
Mar 2024	-7	-55	71	9
Mar 2025	63	-923	873	12
Mar 2026	-123	-70	177	-17

Key ratios

Historical financial ratios

Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	159	140	172	182	179	191
Inventory Days	489	910	1,009	1,042	1,055	1,097	2,090
Days Payable	851	977	748	599	396	460	552
Cash Conversion Cycle	-240	92	401	615	841	816	1,729
Working Capital Days	12	-7	4	120	283	218	310
ROCE %	—	15%	21%	16%	20%	12%	12%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of AZAD ENGINEERING LIMITED (AZAD)?

The reported market capitalisation for AZAD ENGINEERING LIMITED (AZAD) is ₹17,702Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of AZAD?

The current price shown for AZAD ENGINEERING LIMITED (AZAD) on Fincrux is ₹2,741 with a 52-week high/low of ₹3,128/1,359.

What is the P/E ratio of AZAD ENGINEERING LIMITED (AZAD)?

The stock P/E for AZAD ENGINEERING LIMITED (AZAD) is 128 on Fincrux, with ROE at 8.90% and ROCE at 11.7%.

What were AZAD latest quarterly results?

For Jun 2026, AZAD ENGINEERING LIMITED (AZAD) reported sales ₹171 Cr and net profit ₹36 Cr (figures in ₹ crore unless noted).

What are AZAD annual sales and net profit?

For TTM, AZAD ENGINEERING LIMITED (AZAD) shows sales of ₹626 Cr and net profit of ₹139 Cr on the Fincrux profit & loss statement.

Who owns AZAD ENGINEERING LIMITED (AZAD)?

Latest shareholding for AZAD ENGINEERING LIMITED (AZAD) on Fincrux: Promoters 55.84% (Sep 2026), FIIs 12.70% (Sep 2026), DIIs 10.40% (Sep 2026), Public 21.06% (Sep 2026), No. of Shareholders 1,49,134% (Sep 2026).

Where can I find AZAD ENGINEERING LIMITED (AZAD) financials?

AZAD ENGINEERING LIMITED (AZAD) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show AZAD balance sheet and cash flow?

Yes. The AZAD ENGINEERING LIMITED (AZAD) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 5:08