Azad Engineering Future Growth
Future criteria checks 5/6
Azad Engineering is forecast to grow earnings and revenue by 29.2% and 28.2% per annum respectively. EPS is expected to grow by 29.2% per annum. Return on equity is forecast to be 16.6% in 3 years.
Key information
29.2%
Earnings growth rate
29.19%
EPS growth rate
| Machinery earnings growth | 22.4% |
| Revenue growth rate | 28.2% |
| Future return on equity | 16.65% |
| Analyst coverage | Good |
| Last updated | 11 Aug 2026 |
Recent future growth updates
Analysis Article • Feb 18
Earnings Update: Azad Engineering Limited (NSE:AZAD) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
It's been a good week for Azad Engineering Limited ( NSE:AZAD ) shareholders, because the company has just released its...Analysis Article • Aug 08
Analysts Have Been Trimming Their Azad Engineering Limited (NSE:AZAD) Price Target After Its Latest Report
NSEI:AZAD 1 Year Share Price vs Fair Value Explore Azad Engineering's Fair Values from the Community and select yours...Recent updates
Narrative Update • Sep 07
AZAD: Elevated Future P/E Will Likely Outrun Softer Profit Margins
Analysts have raised the fair value estimate for Azad Engineering from ₹1,675 to ₹2,050, citing updated assumptions around revenue growth, profit margins and the stock's future P/E potential. What’s in the News for Azad Engineering Azad Engineering has scheduled a board meeting for August 7, 2026.
Narrative Update • Aug 24
AZAD: Higher Future P/E Assumptions Will Support Bullish Repricing
Azad Engineering's analyst price target has shifted from ₹2,460 to ₹3,315. Analysts cite updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the change.New Narrative • Aug 10
Future Capacity Buildout And OEM Dependence Will Limit Earnings Resilience
Catalysts About Azad Engineering Azad Engineering manufactures precision components and propulsion systems for global energy, oil and gas, aerospace and defense OEMs. What are the underlying business or industry changes driving this perspective? Azad Engineering is tightly linked to global gas turbine upgrade cycles and aircraft build rates.
Narrative Update • Aug 10
AZAD: Moderating Margins And Rich P E Will Temper Long Term Outlook
Azad Engineering's analyst price target has shifted from around ₹2,070.71 to about ₹2,237.14. Analysts point to updated fair value estimates, a slightly lower discount rate, moderated revenue growth and profit margin assumptions, and a higher future P/E expectation as key drivers behind the change.Narrative Update • Jun 09
AZAD: Long Term Supply Agreements And New Facility Will Support Balanced Outlook
Analysts have maintained their fair value estimate for Azad Engineering at ₹2,070.71 per share, with a slightly lower discount rate and a modestly adjusted future P/E assumption shaping the latest price target narrative. What's in the News Board meeting scheduled on May 12, 2026, to consider reappointment of Mr. Rakesh Chopdar as Whole-Time Director, Executive Chairman and CEO, and reappointment of Mrs.Narrative Update • May 26
AZAD: Long Term Supply Deals And Capacity Expansion Will Shape Balanced Outlook
Analysts have raised their price target on Azad Engineering from ₹1,944 to about ₹2,071, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News Board meeting scheduled on May 12, 2026, to consider reappointing Mr. Rakesh Chopdar as Whole Time Director, Executive Chairman and CEO, and reappointing Mrs.Analysis Article • May 24
Azad Engineering's (NSE:AZAD) Earnings Are Weaker Than They Seem
Investors were disappointed with Azad Engineering Limited's ( NSE:AZAD ) earnings, despite the strong profit numbers...New Narrative • May 21
Long Dated OEM Contracts And Order Book Strength Will Support Multi Year Upside
Catalysts About Azad Engineering Azad Engineering manufactures highly engineered, mission critical components for global OEMs across energy, aerospace, defense and oil and gas. What are the underlying business or industry changes driving this perspective?Analysis Article • Feb 18
Earnings Update: Azad Engineering Limited (NSE:AZAD) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
It's been a good week for Azad Engineering Limited ( NSE:AZAD ) shareholders, because the company has just released its...Analysis Article • Jan 27
Returns On Capital Signal Tricky Times Ahead For Azad Engineering (NSE:AZAD)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Analysis Article • Oct 04
Investors Could Be Concerned With Azad Engineering's (NSE:AZAD) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Sep 03
Should You Be Adding Azad Engineering (NSE:AZAD) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 08
Analysts Have Been Trimming Their Azad Engineering Limited (NSE:AZAD) Price Target After Its Latest Report
NSEI:AZAD 1 Year Share Price vs Fair Value Explore Azad Engineering's Fair Values from the Community and select yours...Narrative Update • Aug 07
8 Manufacturing Facilities Will Unlock Demand In Energy, Aerospace And Defense
Despite steady discount rate and revenue growth forecasts, the consensus analyst price target for Azad Engineering has been revised downward from ₹2122 to ₹1944. What's in the News Board meeting scheduled to consider and approve Q1 FY26 standalone and consolidated unaudited financial results.Analysis Article • Jul 04
Does Azad Engineering (NSE:AZAD) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...New Narrative • Jun 01
Mitsubishi And GE Vernova Orders Will Fuel Global Capacity Expansion
Expanding capacity and order visibility, with a strong export-oriented pipeline, supports multi-year recurring growth and earnings stability from global supply chain shifts.Analysis Article • May 31
We Think Shareholders Should Be Aware Of Some Factors Beyond Azad Engineering's (NSE:AZAD) Profit
Even though Azad Engineering Limited ( NSE:AZAD ) posted strong earnings recently, the stock hasn't reacted in a large...Analysis Article • May 06
Azad Engineering Limited (NSE:AZAD) Looks Just Right With A 26% Price Jump
Azad Engineering Limited ( NSE:AZAD ) shares have had a really impressive month, gaining 26% after a shaky period...Analysis Article • Mar 20
Azad Engineering Limited's (NSE:AZAD) P/S Is On The Mark
When close to half the companies in the Machinery industry in India have price-to-sales ratios (or "P/S") below 2.3x...Analysis Article • Jan 21
Returns At Azad Engineering (NSE:AZAD) Appear To Be Weighed Down
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Analysis Article • Dec 24
These 4 Measures Indicate That Azad Engineering (NSE:AZAD) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 19
Shareholders Shouldn’t Be Too Comfortable With Azad Engineering's (NSE:AZAD) Strong Earnings
We didn't see Azad Engineering Limited's ( NSE:AZAD ) stock surge when it reported robust earnings recently. We think...Analysis Article • Jul 22
Is Azad Engineering (NSE:AZAD) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 26
Azad Engineering Limited's (NSE:AZAD) P/S Is Still On The Mark Following 33% Share Price Bounce
Despite an already strong run, Azad Engineering Limited ( NSE:AZAD ) shares have been powering on, with a gain of 33...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 15,659 | 3,640 | -579 | N/A | 3 |
| 3/31/2028 | 11,011 | 2,412 | -1,090 | N/A | 6 |
| 3/31/2027 | 8,051 | 1,684 | -436 | N/A | 6 |
| 6/30/2026 | 6,385 | 1,389 | N/A | N/A | N/A |
| 3/31/2026 | 6,030 | 1,329 | -6,914 | -1,190 | N/A |
| 12/31/2025 | 5,684 | 1,222 | N/A | N/A | N/A |
| 9/30/2025 | 5,301 | 1,116 | -4,969 | -250 | N/A |
| 6/30/2025 | 4,960 | 999 | N/A | N/A | N/A |
| 3/31/2025 | 4,574 | 873 | -2,396 | 537 | N/A |
| 12/31/2024 | 4,232 | 770 | N/A | N/A | N/A |
| 9/30/2024 | 3,920 | 698 | -1,778 | 44 | N/A |
| 6/30/2024 | 3,633 | 683 | N/A | N/A | N/A |
| 3/31/2024 | 3,408 | 586 | -823 | -70 | N/A |
| 12/31/2023 | 3,329 | 585 | N/A | N/A | N/A |
| 3/31/2023 | 2,517 | 85 | -958 | -102 | N/A |
| 3/31/2022 | 1,945 | 295 | -962 | 209 | N/A |
| 3/31/2021 | 1,227 | 115 | -156 | 48 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZAD's forecast earnings growth (29.2% per year) is above the savings rate (6.9%).
Earnings vs Market: AZAD's earnings (29.2% per year) are forecast to grow faster than the Indian market (16.8% per year).
High Growth Earnings: AZAD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AZAD's revenue (28.2% per year) is forecast to grow faster than the Indian market (11.3% per year).
High Growth Revenue: AZAD's revenue (28.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AZAD's Return on Equity is forecast to be low in 3 years time (16.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 22:28 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Azad Engineering Limited is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Nagori | Avendus Spark |
| Ravi Kumar Putta | Choice Equity Broking Private Limited |
| Amit Dixit | Goldman Sachs |