Notes / Company

Azad Engineering Ltd.

AZAD BSE 544061 ISIN INE02IJ01035 Engineering - Industrial Equipments

Fundamentals

Market cap: ₹13,045 cr
P/E: 98.17×
ROE: 6.26%
Debt / equity: 0.17
52-week range: 1358.70 — 2348.25

Research on Tijori Finance

Company snapshot

Azad Engineering Ltd.

Engineering & Capital Goods

₹13,296 cr

P/E 100.06×

Latest quarter · Mar 2026

Sales₹162 cr

Net profit₹37 cr

Op. margin+38.0%

EPS₹5.57

Strength & growth

Debt / equity0.17×

Current ratio4.91×

The timeline — 1 note on Azad Engineering Ltd.

May 2026

22 May 26 · 12:42 PM IST Brief

Brief · Earnings · Mid cap

Azad's order book is 11-12x revenue. Mitsubishi just signed up for eight more years.

A single-source contract on a component only three companies globally can make. The defence and aerospace supplier now has visibility for years.

Verify on exchange BSE filings for AZAD NSE filings for AZAD Tijori Finance company page