About
Azad India Mobility Limited, together with its subsidiary, NAE Mobility Private Limited, manufactures, assembles, and trades in electric buses and coaches in India. It offers city buses, intercity coaches, airport buses, school buses, executive and luxury coaches, special application buses, and SKD/CKD bus body kits. The company was formerly known as Indian Bright Steel Company Limited and changed its name to Azad India Mobility Limited in May 2024. Azad India Mobility Limited was incorporated in 1960 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap488 Cr
P/E158.00
Div Yield0.00 %
Book Value₹24.60
52w High₹177.00
52w Low₹73.00
Face Value₹10.00
Quarterly 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.45 | 8.76 | 28.68 | 19.81 | 7.69 | 9.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 16.03 | 6.85 | 28.44 | 19.76 | 7.77 | 8.92 | 0.43 | 0.39 | 0.36 | 0.02 |
| Operating Profit | 0.42 | 1.91 | 0.24 | 0.05 | -0.08 | 0.11 | -0.43 | -0.39 | -0.36 | -0.02 |
| OPM % | 2.55 | 21.80 | 0.84 | 0.25 | -1.04 | 1.22 | — | — | — | — |
| Other Income | 0.41 | 0.37 | 0.46 | 0.21 | 0.19 | 0.11 | 0.21 | 0.52 | 0.19 | 0.00 |
| Depreciation | 0.04 | 0.08 | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.01 | 0.00 | 0.00 |
| Interest | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.78 | 2.19 | 0.66 | 0.23 | 0.07 | 0.18 | -0.24 | 0.12 | -0.17 | -0.02 |
| Tax % | 0.00 | 35.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.78 | 1.41 | 0.66 | 0.23 | 0.07 | 0.18 | -0.23 | 0.13 | -0.17 | -0.02 |
| EPS in Rs | 0.14 | 0.26 | 0.12 | 0.04 | 0.02 | 0.05 | -0.08 | 0.04 | -0.06 | -0.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Sales | 64.94 | 9.03 | 0.00 |
| Expenses | 62.83 | 10.10 | 1.29 |
| Operating Profit | 2.11 | -1.07 | -1.29 |
| OPM % | 3.25 | -11.85 | — |
| Other Income | 1.24 | 1.03 | 0.08 |
| Interest | 0.01 | 0.03 | 0.00 |
| Depreciation | 0.19 | 0.11 | 0.00 |
| Profit before tax | 3.15 | -0.18 | -1.21 |
| Tax % | 24.76 | -111.11 | 0.00 |
| Net Profit | 2.37 | 0.03 | -1.21 |
| EPS in Rs | 0.44 | 0.01 | -0.50 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Equity Capital | 57.94 | 35.18 | 24.13 |
| Reserves | 75.93 | 23.99 | 18.74 |
| Borrowings | 0.65 | 2.64 | 0.00 |
| Other Liabilities | 16.72 | 5.00 | 0.06 |
| Total Liabilities | 151.24 | 66.81 | 42.93 |
| Fixed Assets | 7.81 | 0.65 | 0.00 |
| CWIP | 0.00 | 6.09 | 0.00 |
| Investments | 15.39 | 0.00 | 0.00 |
| Other Assets | 128.04 | 60.07 | 42.93 |
| Total Assets | 151.24 | 66.81 | 42.93 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Cash from Operating Activity | -41.67 | -51.04 | -1.24 |
| Cash from Investing Activity | -10.30 | 0.89 | 0.00 |
| Cash from Financing Activity | 66.85 | 10.70 | 44.00 |
| Net Cash Flow | 14.88 | -39.45 | 42.76 |
| Free Cash Flow | -42.89 | -51.04 | -1.24 |
| CFO/OP % | -1,947.00 | 4,770.00 | 96.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 |
|---|---|---|
| Debtor Days | 161.20 | 80.03 |
| Inventory Days | 116.55 | 786.46 |
| Days Payable | 101.76 | 75.71 |
| Cash Conversion Cycle | 175.98 | 790.78 |
| Working Capital Days | 523.95 | 2,062.67 |
| ROCE % | 3.20 | -0.28 |
Corporate Actions
No corporate actions recorded.