Azad Engineering Key Ratios
NSE: AZAD | BSE: 544061
₹2,501.30
As on 08-Nov-2026IST
Market cap
₹16,154 Cr
Revenue (TTM)
₹684 Cr
P/E Ratio
117.8
P/B Ratio
10.1
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 10.62 | 31.11 | 28.99 | 31.10 | 37.49 |
| EBIT | 8.80 | 21.70 | 23.94 | 31.75 | 54.99 |
| Net Profit | -13.62 | -5.68 | 22.82 | 44.37 | 63.30 |
| EPS | -13.62 | -5.69 | 20.44 | 56.39 | 52.03 |
| Book Value | -- | -- | 9.69 | 79.17 | 63.89 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 28.54 | 26.58 | 27.49 | 28.60 | 28.82 |
| Net Margin
| 18.27 | 14.56 | 19.21 | 20.59 | 18.49 |
| Return on equity
| 10.48 | 12.92 | 8.78 | 9.14 | 8.49 |
| Return on Capital
| 15.30 | 16.71 | -- | 12.04 | 12.28 |
| Return on Assets
| 7.07 | 6.35 | 6.31 | 6.50 | 6.43 |
| Debt to Equity (x)
| -- | -- | 0.18 | 0.30 | 0.17 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
12.04
|
12.28
|
21.58
|
15.95
|
|
Peer Median
|
--
|
21.97
|
--
|
--
|
--
|
ROE
8.78
Higher than Peers by 0.00
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
8.78
|
9.14
|
8.49
|
13.80
|
5.23
|
|
Peer Median
|
8.77
|
17.27
|
--
|
--
|
--
|
ROA
6.31
Lower than Peers by 1.29
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
6.31
|
6.50
|
6.43
|
8.29
|
1.68
|
|
Peer Median
|
7.60
|
12.78
|
--
|
--
|
--
|
EBIT Margin
27.49
Lower than Peers by 0.73
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
27.49
|
28.60
|
28.82
|
28.19
|
22.13
|
|
Peer Median
|
28.23
|
28.05
|
--
|
--
|
--
|
Net Margin
19.21
Lower than Peers by 1.32
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
19.21
|
20.59
|
18.49
|
15.72
|
3.24
|
|
Peer Median
|
20.53
|
23.16
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
30.91
|
25.37
|
23.22
|
9.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
28.99
Lower than Peers by 0.04
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
28.99
|
31.84
|
34.21
|
35.40
|
29.42
|
|
Peer Median
|
29.03
|
40.00
|
--
|
--
|
--
|
EBIT Growth
23.94
Lower than Peers by 2.01
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
23.94
|
30.83
|
37.23
|
72.47
|
13.77
|
|
Peer Median
|
25.95
|
50.34
|
--
|
--
|
--
|
Net Profit Growth
22.82
Lower than Peers by 19.95
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
22.82
|
54.35
|
47.72
|
591.37
|
-71.24
|
|
Peer Median
|
42.78
|
40.92
|
--
|
--
|
--
|
EPS Growth
20.44
Lower than Peers by 13.39
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
20.44
|
52.18
|
36.44
|
479.64
|
-73.66
|
|
Peer Median
|
33.83
|
33.55
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
9.69
|
116.07
|
216.23
|
69.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.18
Higher than Peers by 0.05
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
0.18
|
0.30
|
0.17
|
0.06
|
1.47
|
|
Peer Median
|
0.13
|
0.18
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
0.08
|
0.04
|
0.00
|
0.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.49
Lower than Peers by 1.99
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
2.49
|
3.05
|
4.91
|
3.87
|
1.84
|
|
Peer Median
|
4.48
|
3.50
|
--
|
--
|
--
|
Quick Ratio
1.52
Lower than Peers by 1.92
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
1.52
|
2.07
|
4.14
|
2.69
|
1.31
|
|
Peer Median
|
3.43
|
2.18
|
--
|
--
|
--
|
Interest Coverage
5.38
Lower than Peers by 2.45
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
5.38
|
7.08
|
7.74
|
2.71
|
1.25
|
|
Peer Median
|
7.83
|
11.42
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
59.10
Higher than Peers by 9.96
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
59.10
|
51.69
|
48.86
|
49.87
|
47.15
|
|
Peer Median
|
49.15
|
48.81
|
--
|
--
|
--
|
Asset Turnover
0.31
Lower than Peers by 0.03
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
0.31
|
0.29
|
0.34
|
0.48
|
0.50
|
|
Peer Median
|
0.34
|
0.36
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
161.97
|
156.99
|
154.57
|
140.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
156.91
|
128.59
|
117.30
|
104.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
519.28
|
372.76
|
394.39
|
557.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
-200.41
|
-87.17
|
-122.52
|
-312.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
117.81
Higher than Peers by 3.69
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
117.81
|
72.12
|
100.63
|
137.71
|
--
|
|
Peer Median
|
114.12
|
87.78
|
--
|
--
|
--
|
Price / Book Value
10.12
Higher than Peers by 0.12
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
10.12
|
6.27
|
6.30
|
12.51
|
--
|
|
Peer Median
|
10.00
|
10.55
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
56.83
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
56.83
|
36.37
|
48.48
|
54.15
|
3.04
|
|
Peer Median
|
--
|
71.58
|
--
|
--
|
--
|
Market Cap
16,154
Higher than Peers by 506
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Azad Engineering
|
16,154
|
9,583
|
8,786
|
8,067
|
--
|
|
Peer Median
|
15,648
|
5,326
|
--
|
--
|
--
|