Azad Engineering Ltd, established in 1983 and headquartered in Hyderabad, Telangana, India, is a distinguished manufacturer specializing in precision engineering across aerospace, defense, energy, and oil & gas sectors. Known for its expertise in producing complex, high-precision forged and machined components, Azad Engineering has become a critical supplier to major Original Equipment Manufacturers (OEMs) across Asia and Europe. With an extensive portfolio of clients, including industry giants such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Siemens Energy Global GmbH & Co.KG, and MAN Energy Solutions SE, Azad Engineering is recognized for its technical excellence and reliability.
The company’s manufacturing capabilities are structured around the unique demands of each sector it serves. In aerospace and defense, Azad Engineering produces essential components designed for high-stakes applications in aircraft and defense systems, ensuring both precision and durability. Within the energy sector, the company supplies parts tailored for gas, nuclear, and thermal turbines, contributing to critical infrastructure in power generation. Additionally, Azad Engineering plays a significant role in the oil and gas industry, delivering highly engineered components essential for efficient and safe operations. With its advanced engineering expertise and commitment to quality, Azad Engineering Ltd stands out as a key player in the global precision manufacturing industry.
Latest News on Azad Engineering
Azad Engineering Ltd recently saw a 2% increase in its stock price on November 11, 2024, following the announcement of a potential partnership with Baker Hughes. This non-binding agreement explores the establishment of a specialized manufacturing facility in Saudi Arabia to produce precision components, sub-assemblies, and assemblies. This strategic move is set to enhance Azad Engineering’s presence in the Middle East, catering to the rising demand for high-quality engineered components within the Kingdom of Saudi Arabia. If the partnership materializes, it will support Saudi Arabia’s goal of strengthening its local manufacturing sector while positioning Azad Engineering as a significant player in the region’s industrial landscape.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 65.90% | 65.90% | 65.90% | 65.90% |
| FIIs + | 4.68% | 6.98% | 9.69% | 9.74% |
| DIIs + | 5.71% | 5.00% | 3.44% | 5.74% |
| Public + | 23.70% | 22.13% | 20.98% | 18.61% |
| No. of Shareholders | 1,35,090 | 1,06,231 | 1,02,445 | 1,28,846 |
Azad Engineering’s shareholding patterns over the past few quarters reveal a steady promoter holding at 65.90%, indicating strong confidence from the company’s founders and main stakeholders. The Foreign Institutional Investors (FIIs) have shown significant interest, increasing their stake from 4.68% in December 2023 to 9.74% by September 2024, reflecting growing international interest and confidence in Azad Engineering’s performance. Domestic Institutional Investors (DIIs), on the other hand, exhibited some fluctuation, with their holding dropping to 3.44% in June 2024 but recovering to 5.74% by September 2024. Public shareholding has seen a gradual decrease, going from 23.70% in December 2023 to 18.61% by September 2024, suggesting that some individual shareholders have either divested or reduced their holdings. The number of shareholders fluctuated over this period, decreasing from 1,35,090 in December 2023 to 1,02,445 in June 2024, before rising again to 1,28,846 in September 2024, indicating renewed interest among retail investors. This evolving shareholding pattern highlights a notable shift, with institutional investors increasingly backing Azad Engineering.
Below are the trading platforms that you can use to purchase Azad Engineering:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 1,770.05 | 1,539.18 |
| December 2024 | 1,787.75 | 1,554.57 |
As we approach the end of 2024, Azad Engineering’s share price is expected to reach notable maximum and minimum levels in the remaining months. For November, the maximum price is projected to touch ₹1,770.05, while the minimum is anticipated at ₹1,539.18. Moving into December, the stock is forecasted to see further slight upward movement, with a potential maximum price of ₹1,787.75 and a minimum of ₹1,554.57.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,805.63 | 1,388.95 |
| February 2025 | 1,823.87 | 1,402.98 |
| March 2025 | 1,862.17 | 1,432.44 |
| April 2025 | 1,843.73 | 1,418.26 |
| May 2025 | 1,790.03 | 1,376.95 |
| June 2025 | 1,870.59 | 1,438.91 |
| July 2025 | 1,833.91 | 1,410.70 |
| August 2025 | 1,890.63 | 1,454.33 |
| September 2025 | 1,913.31 | 1,471.78 |
| October 2025 | 1,963.06 | 1,510.05 |
| November 2025 | 2,012.14 | 1,547.80 |
| December 2025 | 2,102.68 | 1,617.45 |
As we move through 2025, Azad Engineering’s stock price is projected to show steady growth, with January starting at a high of ₹1,805.63 and a low of ₹1,388.95. By mid-year, June could see prices ranging from ₹1,438.91 to ₹1,870.59, reflecting positive momentum. Toward year-end, in November and December, the stock is anticipated to peak around ₹2,012.14 to ₹2,102.68, with minimums between ₹1,547.80 and ₹1,617.45.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,165.76 | 1,665.97 |
| February 2026 | 2,111.62 | 1,624.32 |
| March 2026 | 2,153.85 | 1,656.81 |
| April 2026 | 2,197.81 | 1,690.62 |
| May 2026 | 2,176.05 | 1,673.88 |
| June 2026 | 2,230.45 | 1,715.73 |
| July 2026 | 2,186.71 | 1,682.09 |
| August 2026 | 2,254.34 | 1,734.11 |
| September 2026 | 2,299.43 | 1,768.79 |
| October 2026 | 2,359.22 | 1,814.78 |
| November 2026 | 2,418.20 | 1,860.15 |
| December 2026 | 2,478.65 | 1,906.65 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,503.44 | 1,925.72 |
| February 2027 | 2,567.63 | 1,975.10 |
| March 2027 | 2,667.77 | 2,052.13 |
| April 2027 | 2,615.46 | 2,011.89 |
| May 2027 | 2,539.28 | 1,953.29 |
| June 2027 | 2,653.55 | 2,041.19 |
| July 2027 | 2,601.52 | 2,001.17 |
| August 2027 | 2,681.97 | 2,063.06 |
| September 2027 | 2,775.84 | 2,135.26 |
| October 2027 | 2,848.02 | 2,190.78 |
| November 2027 | 2,919.22 | 2,245.55 |
| December 2027 | 2,992.20 | 2,301.69 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,052.04 | 2,347.72 |
| February 2028 | 3,130.30 | 2,407.92 |
| March 2028 | 3,252.38 | 2,501.83 |
| April 2028 | 3,188.61 | 2,452.78 |
| May 2028 | 3,095.74 | 2,381.34 |
| June 2028 | 3,235.04 | 2,488.50 |
| July 2028 | 3,171.61 | 2,439.70 |
| August 2028 | 3,269.70 | 2,515.16 |
| September 2028 | 3,384.14 | 2,603.19 |
| October 2028 | 3,472.13 | 2,670.87 |
| November 2028 | 3,558.93 | 2,737.64 |
| December 2028 | 3,647.91 | 2,806.08 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,720.86 | 2,862.20 |
| February 2029 | 3,816.27 | 2,935.59 |
| March 2029 | 3,965.11 | 3,050.08 |
| April 2029 | 3,887.36 | 2,990.28 |
| May 2029 | 3,774.13 | 2,903.18 |
| June 2029 | 3,943.97 | 3,033.82 |
| July 2029 | 3,866.64 | 2,974.34 |
| August 2029 | 3,986.22 | 3,066.33 |
| September 2029 | 4,125.74 | 3,173.65 |
| October 2029 | 4,233.01 | 3,256.16 |
| November 2029 | 4,338.84 | 3,337.57 |
| December 2029 | 4,447.31 | 3,421.01 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,536.25 | 3,489.43 |
| February 2030 | 4,652.57 | 3,578.90 |
| March 2030 | 4,834.02 | 3,718.48 |
| April 2030 | 4,739.23 | 3,645.56 |
| May 2030 | 4,601.20 | 3,539.38 |
| June 2030 | 4,808.25 | 3,698.66 |
| July 2030 | 4,713.97 | 3,626.13 |
| August 2030 | 4,859.77 | 3,738.28 |
| September 2030 | 5,029.86 | 3,869.12 |
| October 2030 | 5,160.63 | 3,969.72 |
| November 2030 | 5,289.65 | 4,068.96 |
| December 2030 | 5,421.89 | 4,170.69 |
As we progress through 2030, Azad Engineering’s stock is forecasted to exhibit significant price gains. Beginning in January, the maximum price is anticipated to reach ₹4,536.25, with a minimum of ₹3,489.43. February and March may see further rises, peaking at ₹4,834.02 and dipping to ₹3,718.48. By mid-year, June could bring highs of ₹4,808.25 and lows of ₹3,698.66, with steady growth expected. As we approach year-end, November and December are likely to peak at ₹5,289.65 and ₹5,421.89, with minimum prices reaching ₹4,068.96 and ₹4,170.69, highlighting Azad Engineering’s anticipated upward trajectory in 2030.
Azad Engineering Financial Condition
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 123 | 194 | 252 | 341 | 392 |
| Expenses + | 95 | 132 | 179 | 224 | 255 |
| Operating Profit | 28 | 62 | 72 | 117 | 137 |
| OPM % | 23% | 32% | 29% | 34% | 35% |
| Other Income + | 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% | |
| Net Profit + | 12 | 29 | 8 | 59 | 70 |
| EPS in Rs | 76 | 194.69 | 51.28 | 9.91 | 11.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Azad Engineering has shown a strong financial performance trajectory over recent years, with a notable growth in sales and profitability. From March 2021 to the trailing twelve months (TTM) leading up to March 2024, Azad Engineering’s sales surged from ₹123 crore to ₹392 crore, marking a consistent annual increase that highlights robust demand across its precision components and engineering solutions. Expenses rose in parallel with sales, yet the company maintained an impressive margin. The Operating Profit Margin (OPM) increased from 23% in March 2021 to 35% TTM, underscoring efficient operational management and cost control as sales volume grew.
The company’s Other Income has also seen a considerable rise, particularly jumping to ₹32 crore in March 2024, though it has moderated slightly to ₹23 crore TTM. Interest expenses peaked in 2023 at ₹52 crore but have since decreased to ₹34 crore TTM, reflecting likely debt management or refinancing strategies by Azad Engineering to optimize financial costs. Profit before tax significantly improved from ₹16 crore in 2021 to ₹103 crore TTM, showing strong earnings momentum, though fluctuations in tax rates affected net profitability.
Net Profit exhibited notable growth, especially rising from ₹12 crore in 2021 to ₹70 crore TTM. However, the Earnings Per Share (EPS) dropped from ₹194.69 in 2022 to ₹11.82 TTM, likely due to changes in shareholding structure or profit allocation. Despite this, Azad Engineering has retained its earnings, opting for a 0% dividend payout across these years, signaling a reinvestment strategy focused on further growth. Overall, Azad Engineering’s financials underscore a solid foundation and commitment to reinvestment, contributing to its sustained growth in a competitive engineering
FAQs
Answer: The projected maximum Azad Engineering share price for 2025 is Rs. Rs 2,102.68, and the minimum is Rs 1,376.95.
Answer: You can view the latest Azad Engineering share price on the official Azad Engineering website or on any financial news website.
Is investing in Azad Engineering a good idea?
Answer: Investing in Azad Engineering is a subjective matter and depends on your risk appetite and the current market conditions.
What is the current dividend yield of Azad Engineering?
Answer: The current dividend yield of Azad Engineering is 0.00%.
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Conclusion
In conclusion, Azad Engineering Ltd has demonstrated strong growth and resilience across diverse sectors, including aerospace, defense, energy, and oil & gas, with a significant clientele of major OEMs. The company’s shareholding patterns reflect robust promoter confidence, increased FII interest, and some fluctuations in public and DII holdings, signaling broader institutional support. Azad Engineering’s projected share price shows a promising upward trend, with expectations for steady increases from 2024 through 2030, reflecting potential market confidence in its continued expansion and profitability. Additionally, the company’s financials indicate growing sales, operating profit, and a strengthening profit margin, reinforcing its position as a key player in the precision manufacturing industry.
What did we learn?
- 1 Latest News on Azad Engineering
- 2 Shareholdings Patterns of Azad Engineering
- 3 How to Purchase Azad Engineering Shares?
- 4 Azad Engineering Share Price Prediction 2024, 2025 to 2030
- 4.1 Azad Engineering Share Price Prediction 2024
- 4.2 Azad Engineering Share Price Target 2025
- 4.3 Azad Engineering Share Price Target 2026
- 4.4 Azad Engineering Share Price Prediction 2027
- 4.5 Azad Engineering Share Price Prediction 2028
- 4.6 Azad Engineering Share Price Target 2029
- 4.7 Azad Engineering Share Price Prediction 2030
- 5 Azad Engineering Financial Condition
- 6 FAQs
- 7 Conclusion
