NSE: AZAD | BSE: 544061

Expensive Performer

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1741.20 36.50 (2.14%)

28.03% Gain from 52W Low

452.9K NSE+BSE Volume

NSE 13 Apr, 2026 3:31 PM (IST)

11,245

Market Cap

High in industry

Beta 1Year

Very High Volatility

Azad Engineering Ltd. share price target and research reports

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

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Azad Engineering Ltd.

16 Feb 2026

1741.20

2.14%

Robust order book giving higher-for-longer visibility

Buy: Azad Engineering Ltd.

Target

ICICI Securities Limited

Azad Engineering (Azad)’s Q3FY26 EBITDA jumped 45% YoY to an all-time-high of INR 622mn (+18% QoQ), driven by strong revenue execution (+32% YoY) aided by new facilities.

Azad Engineering Ltd. is trading above all available SMAs

Azad Engineering Ltd.

16 Feb 2026

1741.20

2.14%

Growth momentum to continue, with stabilizing capacities About the stock: Azad Engineering (AEL) is one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers (OEMs) in the energy, aerospace & defence and oil & gas industries, manufacturing highly...

Azad Engineering has gained 10.78% in the last 1 Week

Azad Engineering Ltd.

03 Nov 2025

1741.20

2.14%

Azad Engineering

Buy: Azad Engineering Ltd.

ICICI Direct

Capacity addition, new order wins to fuel growth About the stock: Azad Engineering (AEL) is one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers (OEMs) in the energy, aerospace & defence and oil & gas industries, manufacturing highly...

Azad Engineering Ltd. has an average target of 1900.00 from 2 brokers.

Azad Engineering Ltd.

23 May 2024

1741.20

2.14%

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).

Azad Engineering Ltd. has an average target of 1900.00 from 2 brokers.

Azad Engineering Ltd.

20 Dec 2023

1741.20

2.14%

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