Azad Engineering Ltd

Azad Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Azad Engineering Ltd

₹ 1,595 1.19%
21 Nov - close price
azad.in BSE: 544061 NSE: AZAD
About

Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines and supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.[1]

Key Points

Business Overview
The company manufactures highly engineered, complex, mission and life-critical high precision forged and machined components like 3D rotating airfoil and blade portions of turbine engines and other critical components for gas, nuclear, and thermal turbines. [1] It has a portfolio of 1,400 qualified parts and components. [2]

Website BSE NSE
  • Market Cap ₹ 9,428 Cr.
  • Current Price ₹ 1,595
  • High / Low ₹ 2,080 / 642
  • Stock P/E 135
  • Book Value ₹ 116
  • Dividend Yield 0.00 %
  • ROCE 19.9 %
  • ROE 12.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 13.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.7% over last 3 years.
  • Company has high debtors of 182 days.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Engineering Industry: Engineering

Part of BSE IPO BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
60 85 76 83 89 93 98 111
42 54 50 57 56 61 65 72
Operating Profit 17 30 26 26 33 31 33 40
OPM % 29% 36% 35% 32% 37% 34% 34% 36%
3 5 0 11 18 3 1 2
Interest 13 11 10 12 19 6 3 5
Depreciation 4 4 5 5 5 5 6 7
Profit before tax 3 20 11 20 27 23 24 30
Tax % -30% 26% 35% 3% 37% 34% 30% 30%
4 15 7 19 17 15 17 21
EPS in Rs 23.19 89.96 44.80 3.92 2.84 2.53 2.90 3.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
122 121 194 252 341 392
81 92 132 179 224 255
Operating Profit 41 29 62 72 117 137
OPM % 34% 24% 32% 29% 34% 35%
1 4 3 10 32 24
Interest 6 5 14 52 47 34
Depreciation 7 9 13 17 21 23
Profit before tax 30 19 39 13 81 104
Tax % 29% 29% 28% 36% 27%
21 14 28 9 59 70
EPS in Rs 139.44 89.28 185.04 51.52 9.91 11.83
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 56%
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 2 12 12
Reserves 85 91 118 202 633 671
61 87 197 300 39 162
49 77 87 85 113 126
Total Liabilities 198 257 404 589 797 971
101 114 137 210 257 277
CWIP 0 0 24 38 45 57
Investments 7 6 6 6 0 0
90 136 237 335 494 638
Total Assets 198 257 404 589 797 971

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
37 34 21 -10 -7
-28 -29 -114 -101 -55
-7 7 96 126 71
Net Cash Flow 1 12 3 15 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 122 159 140 172 182
Inventory Days 489 910 1,009 1,042 1,055
Days Payable 851 977 748 599 396
Cash Conversion Cycle -240 92 401 615 841
Working Capital Days 60 133 144 236 294
ROCE % 15% 21% 16% 20%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024
65.90% 65.90% 65.90% 65.90%
4.68% 6.98% 9.69% 9.74%
5.71% 5.00% 3.44% 5.74%
23.70% 22.13% 20.98% 18.61%
No. of Shareholders 1,35,0901,06,2311,02,4451,28,846

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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