Azad Engineering Limited (AZAD) Fair Value & Analysis

Industrials · IN · Market cap ₹131B

Below-average quality, and screening another 84% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹522.07). The favourable scenario is already priced in.
• Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (3 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

31‑month range ₹659.15 – ₹2,550 · fair‑value band ₹295.30 – ₹522.07 · the ₹2,480 price screens above the ₹408.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Azad Engineering Limited (AZAD) currently trades at ₹2,480, while our model-based Fair Value estimate is ₹408.68, implying the stock looks roughly 83.5% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Azad Engineering Limited generated revenue of ₹6.0B at a net margin of 22.0%. Revenue grew 27.3% year over year. It earns a return on equity of 9.1%. Net debt stands at ₹2.9B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹295.30 (bear case) to ₹522.07 (bull case); at ₹2,480, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -84%, AZAD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹941.92) versus Asset-Based (₹158.61). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Azad Engineering Limited manufactures and sells precision-engineered components in India and internationally. The company offers aerospace, including airfoils/blades for aircraft engines and APUs, body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, air frames, aero structure, turbine wheel, nozzle, …

Full company description

Azad Engineering Limited manufactures and sells precision-engineered components in India and internationally. The company offers aerospace, including airfoils/blades for aircraft engines and APUs, body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, air frames, aero structure, turbine wheel, nozzle, unison ring, lever arm, hydraulic, fuel inerting, flight control, actuating system, and other products, as well as aerospace standard fluid distribution parts. It provides plate butterfly, sealer, shaft, bearing rod, piston, plate, and sealing ring; aft and fore End Skirt, BB2KP Base, B1 Igniter Body1, and B1 Igniter Body-2; last stage airfoil/blade rotary and welding chamfers and last stage airfoil/ blade stationary components for use in nuclear power turbine solution; and fixed, moving, and stage airfoil/blade rotating for thermal power turbines. In addition, the company offers aerospace actuator systems, such as covers, actuators, housings, guides, poppets, nipples, adapters, tees, elbows; and slips, drill bits, hatch covers, frames, and bonnets for oil and gas up and mid-stream sub-systems. The company also offers 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight control, propulsion and actuation which power defence and civil aircraft, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power. It serves the aerospace, defense, energy, and oil and gas industries. The company was incorporated in 1983 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Azad Engineering Limited reported revenue of ₹6.0B in FY2026 versus ₹1.9B in FY2022, a compound +34.3%/yr. Reported net income was ₹1.3B in FY2026, compounding +45.7%/yr from FY2022.

AZAD screens 84% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 805 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.