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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Azad Engineering Limited is an India-based company. The Company is engaged in manufacturing product lines in the aerospace and defense, energy and oil and gas industries, highly engineered, complex and mission and life-critical components. The Company’s products include three…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, fairly priced — but flagged on governance.
AZAD ENGINEERING LIMITED is scored on the general / industrial framework. It keeps a fat 20.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.89×) — worth a closer look. Free cash flow is worth about -1.2% of its market value.
Over the last 3 years revenue compounded at 35%/yr and profit at 151%/yr. Book value itself has compounded 96%/yr — the hallmark of a genuine compounder. Return on equity is a modest 8.7%. In the latest quarter profit fell 4% versus the prior quarter.
At 118× earnings, the stock sits at the 51st percentile of its own 2.7-year range — the middle of where it has historically traded. Today's price already implies ~33%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises 2 red flags: Only ₹-0.29 of cash per ₹1 profit over 4 years — earnings not converting to cash; Share count up 37% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 112.33 | 40.4 | worse |
| P/B | 10.23 | 9.34 | worse |
| EV/EBITDA | 60.4 | 42.37 | worse |
| ROE | 8.69 | 10.7 | worse |
| ROCE | 10.8 | 14.19 | worse |
| ROA | 6.33 | 8.07 | worse |
| Quick Ratio | 2.18 | 2.12 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
Revenue has grown every year across all 4 financial years shown. 35% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (151% vs 35%) — margin expansion is at work. The latest year saw a +54% swing — check if it's a one-off or structural.
Operating margin has expanded from 5% to 29% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 9% — modest; the capital isn't working hard.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (151% vs 126%) — share dilution is eroding per-share value. 126% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 9% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.7y median.
Promoter holding at 55.8% — majority control intact. FIIs trimmed 2.6pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.