What is Azad Engineering Ltd revenue growth outlook?

Azad Engineering Ltd operates in the Electrical Equipment sector and has a current market cap of ₹16,361 Cr and P/E ratio of 117.72. For detailed revenue growth insights derived from the latest earnings call, visit the Azad Engineering Ltd analysis page on Arthneeti AI.

What is Azad Engineering Ltd current stock price?

Azad Engineering Ltd current market price is ₹2533.9. The stock trades at a P/E ratio of 117.72 with a market capitalisation of ₹16,361 Cr.

How does Arthneeti AI analyse Azad Engineering Ltd?

Arthneeti AI uses natural language processing to analyse Azad Engineering Ltd's earnings call transcripts and extract key insights on revenue growth, margins, capex plans, and fundraising activity. The analysis covers management commentary, forward guidance, and competitive positioning within the Electrical Equipment sector.

Azad Engineering Q1 FY27 Share Price & Earnings Call Analysis

₹2,533.90-1.69% today

Market cap: ₹16,361 Cr
P/E: 117.72
ROE: 9.09%
PEG: 0.79
Price to sales: 25.63
Debt to equity: 0.31
52W high / low: ₹3,063 / ₹1,366
Sales growth (5Y): 37.49%
EBITDA margin: 37.66%
Net profit margin: 22.15%
Promoter holding: 55.84%
Sales (last year): ₹638 Cr

All 12 ratios ↓

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]

Guidance scorecard · Q1 FY27 call

What Azad Engineering Ltd's management guided
and where it ranks in Electrical Equipment

#23of 58 in
Electrical Equipment

Revenue20–40%MarginsFlat CapexPlanned FundraisingPlanned Order bookWhat management said

RevenueQ1 FY27 call

20–40%

Azad Engineering expects significant revenue growth, targeting around 25%+ annually in the near term, with potential to increase to approximately 35% over a 3-year period as capacities and certifications scale up.
Capacity ramp-up and stabilization of new production lines are key drivers, with full utilization expected to generate INR 1,200 crores from newer plants.
From Q3 and Q4 of FY27, stronger revenue momentum is anticipated due to machines reaching full production capacity and completion of qualifications.
The company focuses on scaling multiple customer-dedicated plants to capture operational synergies and expand operating leverage.

2 more points from Azad Engineering Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

Azad Engineering expects accelerated revenue growth from Q3 and Q4 FY27 onward as manufacturing infrastructure reaches full throttle.
The company maintains long-term annual revenue growth guidance of over 25%.
Operating leverage is improving as capacity investments stabilize, boosting EBITDA margins (37.6% reported in Q1 FY27).
PAT grew 21.2% YoY in Q1 FY27, with an exceptional PAT margin of 21.3%; consistent profit growth is anticipated alongside revenue expansion.
Capacity ramp-up, certifications, and order book visibility are expected to enable potentially higher growth rates (~35% p.a.) over a 3-year horizon.
Rupee depreciation could add a 5-6% benefit to revenues.

2 more points from Azad Engineering Ltd's call on margins

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Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned

Azad Engineering has made significant capex over the last 2 years, approximately INR 900 crores, deploying and building capacity to cater to growth over the next couple of years.
Current capex focuses on completing balance plants and ramping up existing operational plants to add further capacity aligned to revenue targets.
Civil construction at the new Azad Center of Excellence plant is on track to complete by the end of this financial year.
Machine installations are being executed modularly in phases aligned with customer roadmaps.
No large speculative capacity is being built; capacity is customer-aligned and risk-mitigated.
Internal planning for total capital needs over the next 5-6 years is underway; further disclosures expected in coming quarters.

2 more points from Azad Engineering Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

Azad Engineering does not foresee significant new capital expenditure needs over the next couple of years, as current capacity is built to support planned revenue growth for that period.
The company is internally evaluating total capital needs over the next 5-6 years and planning accordingly.
Once internal discussions conclude, the company will provide more precise funding guidance, likely in the next quarter.
For working capital, Azad is implementing bill discounting lines to manage export receivables and reduce debtor days, implying use of debt facilities for operational financing.

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

Azad Engineering has long-term contracts providing 5 to 8 years of revenue visibility.
The company has secured marquee global OEMs as customers, implying a strong and sizable order book.
Capacity expansions and dedicated customer-aligned infrastructure indicate readiness to handle substantial orders over the next 2-3 years.
New facilities at Tuniki Bollaram Industrial Park are built specifically for key customers like Baker Hughes, Mitsubishi, GE Steam Power, and Siemens Energy.
The company expects major revenue growth from ramp-up in these order executions, particularly in quarters 3 and 4 of FY27.

2 more points from Azad Engineering Ltd's call on the order book

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Full Q1 FY27 analysis

Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

See all potential multibaggers Where does Azad Engineering Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#	Revenue guided	Margin guided	Market cap	P/E
1	40%+	Up 2%+	₹72,673 Cr	18.1
2	40%+	Up 2%+	₹21,700 Cr	158.1
3	40%+	Up 2%+	₹491 Cr	12.2
4	40%+	Up 0–2%	₹12,434 Cr	48.4
5	40%+	Up 0–2%	₹2,042 Cr	35.4
6	40%+	Up 0–2%	₹529 Cr	7.0

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Azad Engineering Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.