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Defence Share Made A Big Deal For The Next 5 Years; Don’t Sell Before ₹1422

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Azad Engineering (NSE: AZAD) Share: Azad Engineering Limited provided details about a major deal on Wednesday. 

The company reported on Wednesday that it had reached an agreement with Nuovo Pignone SRL for the supply of parts for the gas and oil industry. 

We can inform you that on the day of publication, the share prices of Azad Engineering Limited fell four percent, and they closed at 1298.15.

But, they were up to more than one percent intraday.

What Are The Terms Of The Agreement?

Azad Engineering made the announcement to stock exchanges in a press release on the 6th of March. 

The maker of machine components has entered into a long-term strategic supplier arrangement in conjunction with Baker Hughes’ Nuovo Pignone SRL. 

The deal relates to the supply of critical and complex components to the gas and oil industry. The company said that the contract has been signed for the next five-year period.

We’ll inform you that Azad Engineering produces extremely engineered precision-engineered manufactured and forged components for defense, aerospace, and energy oil-gas industries. 

Azad Engineering’s shares went public in 2023.

December Quarter Results

Let us inform our readers that Azad Engineering’s net profits of Azad Engineering were more than tripled in December 2023. It reached the sum of 16.8 crore. 

The Hyderabad-based firm had posted a net loss of 3.83 crore in its exact quarter one year ago. 

For the 3rd quarter of this fiscal year, revenue rose by 49 percent on the year-on-year (YoY) basis to 89.23 crore. 

The company’s revenue one year ago was 68.8 crore. Azad Engineering reported net earnings of 43.65 crore during the period ending on December 31st, 2023. 

Azad Engineering had reported losses of 6.35 crore in the previous period.

Bets On Many Famous People

Let us inform you that Azad Engineering shares Azad Engineering had been listed both at BSE in December 2023 and NSE in the month of December 2023.

 Azad Engineering had a great start on the stock market. The shares were listed on NSE for Rs 780 per share. 

The price was at the price of 37.40 percent over the price band of 524 per share. On BSE Azad Engineering shares Azad Engineering were priced at 710 Rs per share. 

The price was higher 35.50 percent than its value at the time of issue.

Sachin Tendulkar owns around 4.5 lakh shares in the company. Other shareholders of the company include VVS Laxman as well as Saina Nehwal.

Azad Engineering Share Target Price 2024

Expert has given ‘Buy rating of Azad Engineering shares due to its rising performance in the defense and aerospace segment. 

This brokerage set its price target for Azad Engineering shares at Rs. 1,422.

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₹ 7,669 Cr.
Current Price₹ 1,298
52-wk High₹ 1,465 
52-wk Low₹ 642
Stock P/E901
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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