# Azad Engineering (NSE: AZAD) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/AZAD · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹2,574.00 |
| Market cap | ₹16,623 Cr |
| P/E (trailing) | 124.5 |
| ROE | 8.7% (FY26) |
| ROCE | 11.5% (FY26) |
| Debt to equity | 0.3 |
| 52-week high | ₹3,127.90 (30 Sep 2026) |
| 52-week low | ₹1,360.00 (23 Mar 2026) |
| 1-year return | +56.2% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q4 FY26 | ₹162 Cr | +27.3% | ₹37 Cr | +48.4% | ₹5.57 |
| Q3 FY26 | ₹159 Cr | +31.7% | ₹35 Cr | +46.4% | ₹5.34 |
| Q2 FY26 | ₹146 Cr | +30.6% | ₹33 Cr | +56.2% | ₹5.05 |
| Q1 FY26 | ₹137 Cr | +39.3% | ₹29 Cr | +71.9% | ₹4.56 |
| Q4 FY25 | ₹127 Cr | +36.8% | ₹25 Cr | +66.2% | ₹4.15 |
| Q3 FY25 | ₹120 Cr | +35.0% | ₹24 Cr | +41.1% | ₹4.05 |
| Q2 FY25 | ₹112 Cr | +34.6% | ₹21 Cr | +7.5% | ₹3.55 |
| Q1 FY25 | ₹98 Cr | +29.6% | ₹17 Cr | +129.5% | ₹2.90 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹457 Cr | ₹87 Cr |
| FY24 | ₹341 Cr | ₹59 Cr |
| FY23 | ₹252 Cr | ₹8 Cr |
| FY22 | ₹194 Cr | ₹29 Cr |
| FY21 | ₹123 Cr | ₹12 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 55.84%
- Foreign institutions: 13.30%
- Domestic institutions: 10.32%
- Non-institutions: 20.54%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [INOX India](https://app.pivotnow.in/stock/INOXINDIA) | ₹1,916.20 | ₹17,392 Cr | 67.6 | — |
| [Happy Forgings](https://app.pivotnow.in/stock/HAPPYFORGE) | ₹1,839.00 | ₹17,356 Cr | 57.6 | — |
| [Diamond Power Infrastructure](https://app.pivotnow.in/stock/DIACABS) | ₹326.00 | ₹17,179 Cr | 108.7 | — |
| [LMW](https://app.pivotnow.in/stock/LMW) | ₹15,986.00 | ₹17,078 Cr | — | — |
| [Elgi Equipments](https://app.pivotnow.in/stock/ELGIEQUIP) | ₹533.15 | ₹16,896 Cr | 39.2 | — |
| [Aequs](https://app.pivotnow.in/stock/AEQUS) | ₹243.65 | ₹16,341 Cr | — | — |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.