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- Azad Engineering
Azad Engineering share price
NSE: AZADCapital GoodsSpecialty Industrial Machinery
Azad Engineering at a glance
Azad Engineering (NSE: AZAD) closed at ₹2,574.00 on 22 Oct 2026, up 1.38% on the day. With a market capitalisation of ₹16,623 Cr, it ranks 394th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Capital Goods sector; its industry is Specialty Industrial Machinery.
At its last close the stock traded at 124.5× trailing earnings, against a return on equity of 8.7% in FY26. Over the past year the share price has risen 56.2%. Its 52-week range is ₹1,360.00 (23 Mar 2026) to ₹3,127.90 (30 Sep 2026); the last close is 17.7% below the high. In Q4 FY26, the quarter ended 31 Mar 2026, revenue was ₹162 Cr (+27.3% year on year) and net profit ₹37 Cr (+48.4%), on a consolidated basis. Promoters held 55.84% of the company as of 30 Jun 2026.
Key numbers
- Market cap
- ₹16,623 CrRank 394 on NSE
- P/E (trailing)
- 124.5×
- Price to book
- 6.27×FY26
- EPS (TTM)
- ₹20.52to Q4 FY26
- ROE
- 8.7%FY26
- ROCE
- 11.5%FY26
- Debt to equity
- 0.3FY26
- Net profit margin
- 22.2%FY26
- Book value / share
- ₹236.74FY26
- 52-week high
- ₹3,127.9030 Sep 2026
- 52-week low
- ₹1,360.0023 Mar 2026
- 1-year return
- +56.2%
- RSI (14-day)
- 38.9
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | +1.38% | −9.9% | −6.8% | +10.7% | +56.2% |
Azad Engineering quarterly results
| Quarter | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹98 Cr | ₹112 Cr | ₹120 Cr | ₹127 Cr | ₹137 Cr | ₹146 Cr | ₹159 Cr | ₹162 Cr |
| Revenue YoY | +29.6% | +34.6% | +35.0% | +36.8% | +39.3% | +30.6% | +31.7% | +27.3% |
| Net profit | ₹17 Cr | ₹21 Cr | ₹24 Cr | ₹25 Cr | ₹29 Cr | ₹33 Cr | ₹35 Cr | ₹37 Cr |
| Net profit YoY | +129.5% | +7.5% | +41.1% | +66.2% | +71.9% | +56.2% | +46.4% | +48.4% |
| Net margin | 17.4% | 18.7% | 19.7% | 19.5% | 21.5% | 22.4% | 21.9% | 22.8% |
| EPS | ₹2.90 | ₹3.55 | ₹4.05 | ₹4.15 | ₹4.56 | ₹5.05 | ₹5.34 | ₹5.57 |
Azad Engineering financials
| Item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹123 Cr | ₹194 Cr | ₹252 Cr | ₹341 Cr | ₹457 Cr | — |
| Operating profit | ₹16 Cr | ₹40 Cr | ₹13 Cr | ₹81 Cr | ₹124 Cr | — |
| Net profit | ₹12 Cr | ₹29 Cr | ₹8 Cr | ₹59 Cr | ₹87 Cr | — |
| EPS (₹) | ₹3.00 | ₹6.00 | ₹2.00 | ₹11.00 | ₹15.00 | — |
| Cash from operations | ₹5 Cr | ₹21 Cr | −₹10 Cr | −₹7 Cr | ₹54 Cr | — |
| Total debt | ₹41 Cr | ₹123 Cr | ₹221 Cr | ₹27 Cr | ₹171 Cr | ₹281 Cr |
| Shareholders' equity | ₹91 Cr | ₹120 Cr | ₹204 Cr | ₹645 Cr | ₹1,394 Cr | ₹1,529 Cr |
Azad Engineering shareholding pattern
| Holder | 31 Mar 2025 | 30 Jun 2025 | 30 Sep 2025 | 31 Dec 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.32% | 55.42% | 55.42% | 55.84% | 55.84% | 55.84% |
| Foreign institutions | 14.23% | 16.15% | 15.76% | 15.33% | 14.75% | 13.30% |
| Domestic institutions | 8.24% | 8.91% | 9.84% | 10.74% | 11.71% | 10.32% |
| Non-institutions | 17.21% | 19.52% | 18.98% | 18.09% | 17.70% | 20.54% |
Azad Engineering vs peers
The listed Capital Goods companies nearest to Azad Engineering by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| INOXINDIAINOX India | ₹1,916.20 | −0.20% | +62.7% | ₹17,392 Cr | 67.6 | — |
| HAPPYFORGEHappy Forgings | ₹1,839.00 | +1.32% | +104.8% | ₹17,356 Cr | 57.6 | — |
| DIACABSDiamond Power Infrastructure | ₹326.00 | −4.52% | +134.2% | ₹17,179 Cr | 108.7 | — |
| LMWLMW | ₹15,986.00 | −1.32% | +8.6% | ₹17,078 Cr | — | — |
| ELGIEQUIPElgi Equipments | ₹533.15 | +1.09% | +15.5% | ₹16,896 Cr | 39.2 | — |
| AZADAzad Engineering | ₹2,574.00 | +1.38% | +56.2% | ₹16,623 Cr | 124.5 | — |
| AEQUSAequs | ₹243.65 | −1.52% | — | ₹16,341 Cr | — | — |
Ask anything about Azad Engineering
Pivot answers on the live chart with evidence you can check, and tests strategies against AZAD's own history. Try: “Why has AZAD moved over the last three months?” · “Backtest a 50-day moving-average crossover on AZAD over five years” · “Compare AZAD with INOXINDIA on margins and valuation”
Frequently asked questions about Azad Engineering
What is the share price of Azad Engineering today?
Azad Engineering (NSE: AZAD) last closed at ₹2,574.00 on 22 Oct 2026. Its 52-week high is ₹3,127.90 and its 52-week low is ₹1,360.00.
What is the market cap of Azad Engineering?
Azad Engineering's market capitalisation is ₹16,623 Cr (₹16,623 Cr) at the 22 Oct 2026 close, ranking 394th among the NSE companies Pivot tracks.
What is the P/E ratio of Azad Engineering?
Azad Engineering trades at a trailing P/E of 124.5. The median P/E of the 4 closest Capital Goods peers by market cap is 67.6.
What is the ROE and ROCE of Azad Engineering?
Return on equity was 8.7% in FY26 and return on capital employed was 11.5% in FY26 (consolidated figures).
Is Azad Engineering a debt-free company?
No. Azad Engineering's debt-to-equity ratio was 0.3 in FY26, with total debt of ₹369 Cr.
What were Azad Engineering's latest quarterly results?
For Q4 FY26 (quarter ended 31 Mar 2026), Azad Engineering reported revenue of ₹162 Cr, +27.3% year on year, and net profit of ₹37 Cr, +48.4% year on year.
How has Azad Engineering stock performed over the last year?
Azad Engineering's share price has risen 56.2% over the past year, +10.7% over three months and −6.8% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Azad Engineering?
As of 30 Jun 2026: promoters 55.84%, foreign institutions 13.30%, domestic institutions 10.32%, non-institutions 20.54%.
Who are Azad Engineering's competitors?
The listed Capital Goods companies closest to Azad Engineering by market cap are INOX India, Happy Forgings, Diamond Power Infrastructure, LMW, Elgi Equipments and Aequs.
Is Azad Engineering a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Azad Engineering's price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on AZAD against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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