Azad Engineering is a manufacturer of complex and highly engineered precision forged and machined instruments.
Well-established client relationships. The top five clients have been associated with the company for the last 10 years.
High entry barriers. The company caters to industries with stringent entry and quality requirements.
Client concentration. The top five clients accounted for 63.1 per cent of FY23 revenue.
Highly competitive industry. The brand faces stiff competition from peers both in India and globally.
Are Azad Engineering's earnings before tax more than Rs 50 crore in the last 12 months? No. Its earnings before tax for FY23 was Rs 13 crore.