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HomeSTOCKS4.5 Lakh Shares Holding By Top Indian Cricketer; Minimum Share Target ₹1623...

4.5 Lakh Shares Holding By Top Indian Cricketer; Minimum Share Target ₹1623 Maximum ₹2100

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Azad Engineering Ltd (NSE: AZAD) Share: Azad Engineering Limited shares are always in the spotlight. 

Experts in the market seem to be bullish about the shares of this company and advise that you buy them. 

Experts believe that these shares could soon surpass Rs 1600. Azad Limited shares are currently trading at Rs 1212. 

Brokerage has advised investors to purchase Azad Engineering at a price target of Rs 1623 and a Maximum of Rs 2100. 

This company is owned by many players, including cricket legend Sachin Tendulkar.

The Company Has Made Many Deals

Azad Engineering is known for its many large deals. Azad Engineering signed a Strategic Supply Agreement (SSA), a five-year agreement, with oil and gas firm Baker Hughes. 

Azad has signed a contract for a long time. This order is for medium to high complex precision machined parts. 

It had earlier signed an agreement for the supply of components to the oil and gas industry with Nuovo Piignone SRL. 

A recent agreement was also signed by the company with Rolls Royce.

December Quarter Results

Azad Engineering’s net profit tripled to Rs 16.8 crore in December 2023. The Hyderabad-based company reported a profit in the same quarter of last year of Rs 3.83 crore. 

The company’s revenues increased by 49 percent on an annual basis (YoY), to Rs 89.23 lakh, in the third quarter. 

In the previous year, revenue for the company was Rs 68.8. Azad Engineering posted a net income of Rs 43.65 crore for the nine months ending December 31, 2023. 

In the previous period, the company posted a loss of Rs 6.35 crore.

Azad Engineering Share Listed On 2023

Azad Engineering share was listed on the BSE and NSE by December 2023. Stocks had a great start on the stock exchange. 

The NSE listed its shares at Rs 720. This was a premium of 37.40 percent to the price range of Rs 524. 

Azad Engineering shares traded at Rs 710 per share on BSE. This was a premium of 35.50 percent over the original issue price. 

Sachin Tendulkar owns about 4,5 lakh shares in the company. Saina Nehra and VVS Laxman are also shareholders of the company.

About Azad Engineering Ltd Company

Azad Engineering Limited is a producer of aerospace components and turbines. 

It provides products to OEMs (OEMs) for the defense, aerospace energy, oil, and gas sectors. It is a Public Limited Listed company. The company was founded in 1983. 

The company’s total operating revenue is Rs 251.68 crore and equity capital is Rs 1.65 crore. The company’s head office is in Telangana, India.

Fundamental Analysis of Azad Engineering Ltd 

Market Cap₹ 7,177 Cr.
Current Price₹ 1,212
52-wk High₹ 1,465
52-wk Low₹ 642.40
Stock P/E843
Book Value
Dividend0.00 %
ROCE16.0 %
ROE5.25 %
Face Value₹ 2.00
P/B Value
OPM28.7 %
EPS₹ 51.5
Debt₹ 300 Cr.
Debt to Equity1.47

Azad Engineering Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1300₹ 1380
2025₹ 1380₹ 1489
2026₹ 1500₹ 1548
2027₹ 1600₹ 1645
2028₹ 1700₹ 1900
2029₹ 2000₹ 2058
2030₹ 2100₹ 2200
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Azad Engineering Ltd Shareholding Pattern

Promoters Holding
Dec 202365.90%
FII Holding
Dec 20234.68%
DII Holding
Dec 20235.71%
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Public Holding
Dec 202323.70%

Azad Engineering Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 4 Years’ Sales:

2020₹ 122 Cr
2021₹ 121 Cr
2022₹ 194 Cr
2023₹ 252 Cr

Last 4 Years’ Net Profit:

2020₹ 21 Cr
2021₹ 14 Cr
2022₹ 28 Cr
2023₹ 9 Cr
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Last 3 Years’ Debt-To-Equity Ratio:

20210.68
20221.4
20231.47

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:-26%
Current Year:-70%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:14%
Last Year:5%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:27%
Current Year:29%

Company’s Negative Signs:

  • The company has a low coverage ratio.
  • The company has a low return on equity, which was 14.0 percent in the past three years.
  • The company has high debtors that are 172 days in length.

Conclusion

This article is a complete guide about Azad Engineering Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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