Azad Engineering Ltd. share price target and research reports

Name: Latest research reports of Azad Engineering Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Azad Engineering Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for AZAD, BSE:544061 Azad Engineering Ltd.

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Azad Engineering Ltd.

23 May 2024

1567.70

-2.26%

Inflection point in sight

Buy: Azad Engineering Ltd.

ICICI Securities Limited

Azad Engineering’s (Azad) Q4FY24 performance was robust. Key points: 1) Gross margin was slightly down at 83% due to higher material consumption on account of product/revenue mix changes. 2) EBITDA margin was robust at 33.8% (within guidance).

Number of FII/FPI investors increased from 81 to 101 in Jun 2025 qtr.

Azad Engineering Ltd.

20 Dec 2023

1567.70

-2.26%

IPO Note - Azad Engineering Limited 20122023

IPO Note: Azad Engineering Ltd.

HDFC Securities

Issue Snapshot:Issue Open: December 20 December 22, 2023Price Band: Rs. 499 524*Issue Size: Up to Rs 740 cr (Fresh Issue of Rs240 cr + Offer fo sale of Rs 500 cr includingemployee reservation of Rs 4 cr)Reservation for:QIB upto 50% eq shNon-Institutional atleast 15% eq sh((including 1/3rd for applications between Rs.2lakhs to Rs.10 lakhs))Retail atleast 35% eq shFace Value: Rs 2Book value: Rs 45.74 (September 30, 2023)Bid size: - 28 equity shares and in multiplesthereof100% Book built Issue IPO Note - Azad Engineering Limited