About
Azad Engineering Limited manufactures and sells precision-engineered components in India and internationally. The company offers aerospace, including airfoils/blades for aircraft engines and APUs, body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, air frames, aero structure, turbine wheel, nozzle, unison ring, lever arm, hydraulic, fuel inerting, flight control, actuating system, and other products, as well as aerospace standard fluid distribution parts. It provides plate butterfly, sealer, shaft, bearing rod, piston, plate, and sealing ring; aft and fore End Skirt, BB2KP Base, B1 Igniter Body1, and B1 Igniter Body-2; last stage airfoil/blade rotary and welding chamfers and last stage airfoil/ blade stationary components for use in nuclear power turbine solution; and fixed, moving, and stage airfoil/blade rotating for thermal power turbines. In addition, the company offers aerospace actuator systems, such as covers, actuators, housings, guides, poppets, nipples, adapters, tees, elbows; and slips, drill bits, hatch covers, frames, and bonnets for oil and gas up and mid-stream sub-systems. The company also offers 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight control, propulsion and actuation which power defence and civil aircraft, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power. It serves the aerospace, defense, energy, and oil and gas industries. The company was incorporated in 1983 and is based in Hyderabad, India.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 171.00 | 157.00 | 156.00 | 143.00 | 135.00 | 125.00 | 119.00 | 111.00 | 98.00 | 93.00 | 89.00 | 83.00 | 76.00 |
| Expenses | 106.00 | 100.00 | 96.00 | 91.00 | 86.00 | 79.00 | 76.00 | 72.00 | 65.00 | 61.00 | 56.00 | 57.00 | 50.00 |
| Operating Profit | 64.00 | 58.00 | 60.00 | 51.00 | 49.00 | 45.00 | 43.00 | 40.00 | 33.00 | 31.00 | 33.00 | 26.00 | 26.00 |
| OPM % | 38.00 | 37.00 | 39.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 34.00 | 34.00 | 37.00 | 32.00 | 35.00 |
| Other Income | 4.00 | 17.00 | 9.00 | 13.00 | 9.00 | 4.00 | 5.00 | 2.00 | 1.00 | 3.00 | 18.00 | 11.00 | 0.00 |
| Depreciation | 18.00 | 16.00 | 14.00 | 11.00 | 10.00 | 9.00 | 7.00 | 7.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Interest | 10.00 | 10.00 | 8.00 | 6.00 | 6.00 | 4.00 | 6.00 | 5.00 | 3.00 | 6.00 | 19.00 | 12.00 | 10.00 |
| Profit before tax | 40.00 | 49.00 | 47.00 | 47.00 | 42.00 | 37.00 | 35.00 | 30.00 | 24.00 | 23.00 | 27.00 | 20.00 | 11.00 |
| Tax % | 9.00 | 29.00 | 28.00 | 30.00 | 29.00 | 29.00 | 30.00 | 30.00 | 30.00 | 34.00 | 37.00 | 3.00 | 35.00 |
| Net Profit | 36.00 | 35.00 | 34.00 | 33.00 | 30.00 | 26.00 | 24.00 | 21.00 | 17.00 | 15.00 | 17.00 | 19.00 | 7.00 |
| EPS in Rs | 5.63 | 5.44 | 5.27 | 5.11 | 4.64 | 4.03 | 4.11 | 3.56 | 2.90 | 2.53 | 2.84 | 3.92 | 44.80 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 590.00 | 453.00 | 341.00 | 252.00 | 194.00 | 121.00 | 122.00 |
| Expenses | 373.00 | 292.00 | 224.00 | 179.00 | 132.00 | 92.00 | 81.00 |
| Operating Profit | 218.00 | 161.00 | 117.00 | 72.00 | 62.00 | 29.00 | 41.00 |
| OPM % | 37.00 | 36.00 | 34.00 | 29.00 | 32.00 | 24.00 | 34.00 |
| Other Income | 48.00 | 12.00 | 32.00 | 10.00 | 3.00 | 4.00 | 1.00 |
| Interest | 30.00 | 18.00 | 47.00 | 52.00 | 14.00 | 5.00 | 6.00 |
| Depreciation | 50.00 | 29.00 | 21.00 | 17.00 | 13.00 | 9.00 | 7.00 |
| Profit before tax | 185.00 | 126.00 | 81.00 | 13.00 | 39.00 | 19.00 | 30.00 |
| Tax % | 29.00 | 30.00 | 27.00 | 36.00 | 28.00 | 29.00 | 29.00 |
| Net Profit | 132.00 | 89.00 | 59.00 | 9.00 | 28.00 | 14.00 | 21.00 |
| EPS in Rs | 20.46 | 13.71 | 9.91 | 51.52 | 185.04 | 89.28 | 139.44 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 12.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Reserves | 1,539.00 | 1,405.00 | 633.00 | 202.00 | 118.00 | 91.00 | 85.00 |
| Borrowings | 464.00 | 252.00 | 39.00 | 300.00 | 197.00 | 87.00 | 61.00 |
| Other Liabilities | 179.00 | 185.00 | 113.00 | 85.00 | 87.00 | 77.00 | 49.00 |
| Total Liabilities | 2,195.00 | 1,855.00 | 797.00 | 589.00 | 404.00 | 257.00 | 198.00 |
| Fixed Assets | 756.00 | 414.00 | 257.00 | 210.00 | 137.00 | 114.00 | 101.00 |
| CWIP | 257.00 | 80.00 | 45.00 | 38.00 | 24.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 6.00 | 6.00 | 6.00 | 7.00 |
| Other Assets | 1,182.00 | 1,361.00 | 494.00 | 335.00 | 237.00 | 136.00 | 90.00 |
| Total Assets | 2,195.00 | 1,855.00 | 797.00 | 589.00 | 404.00 | 257.00 | 198.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -123.00 | 63.00 | -7.00 | -10.00 | 21.00 | 34.00 | 37.00 |
| Cash from Investing Activity | -70.00 | -923.00 | -55.00 | -101.00 | -114.00 | -29.00 | -28.00 |
| Cash from Financing Activity | 177.00 | 873.00 | 71.00 | 126.00 | 96.00 | 7.00 | -7.00 |
| Net Cash Flow | -17.00 | 12.00 | 9.00 | 15.00 | 3.00 | 12.00 | 1.00 |
| Free Cash Flow | -694.00 | -212.00 | -78.00 | -94.00 | -96.00 | 12.00 | 8.00 |
| CFO/OP % | -34.00 | 50.00 | 7.00 | -1.00 | 41.00 | 133.00 | 106.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 191.00 | 179.00 | 182.00 | 172.00 | 140.00 | 159.00 | 122.00 |
| Inventory Days | 2,090.00 | 1,097.00 | 1,055.00 | 1,042.00 | 1,009.00 | 910.00 | 489.00 |
| Days Payable | 552.00 | 460.00 | 396.00 | 599.00 | 748.00 | 977.00 | 851.00 |
| Cash Conversion Cycle | 1,729.00 | 816.00 | 841.00 | 615.00 | 401.00 | 92.00 | -240.00 |
| Working Capital Days | 310.00 | 218.00 | 283.00 | 120.00 | 4.00 | -7.00 | 12.00 |
| ROCE % | 12.00 | 12.00 | 20.00 | 16.00 | 21.00 | 15.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update22 Jun from care
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Rating update6 Aug 2025 from care
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Rating update23 Jul 2025 from care
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Rating update7 Nov 2024 from care
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Rating update22 Mar 2024 from care