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 ₹ 9,411 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 12.9% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
60 85 76 83 89 93 98 112
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 % -31% 26% 35% 3% 37% 34% 30% 30%
4 15 7 19 17 15 17 21
EPS in Rs 23.31 89.78 44.80 3.92 2.84 2.53 2.90 3.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
123 194 252 341 392
95 132 179 224 255
Operating Profit 28 62 72 117 137
OPM % 23% 32% 29% 34% 35%
2 5 10 32 23
Interest 5 14 52 47 34
Depreciation 9 13 17 21 23
Profit before tax 16 40 13 81 103
Tax % 29% 27% 36% 27%
12 29 8 59 70
EPS in Rs 76.00 194.69 51.28 9.91 11.82
Dividend Payout % 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: 65%
TTM: 53%
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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 12 12
Reserves 89 118 202 633 671
88 197 301 39 163
77 87 85 113 127
Total Liabilities 256 404 589 797 973
121 144 217 257 280
CWIP 0 24 38 45 57
Investments 0 0 0 0 0
135 236 335 494 636
Total Assets 256 404 589 797 973

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 21 -10 -7
-35 -114 -101 -55
24 96 126 71
Net Cash Flow -6 3 15 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 156 140 172 182
Inventory Days 906 1,009 1,042 1,055
Days Payable 986 748 599 396
Cash Conversion Cycle 77 401 615 840
Working Capital Days 126 144 236 294
ROCE % 22% 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

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DRHP

Credit ratings

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