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

Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
11 Sep 2025	Azad Engineering	Consensus Share Price Target	1616.60	1944.00	-	20.25	buy	pdf Detailed Estimates
23 May 2024	Azad Engineering	ICICI Securities Limited	1616.60	1750.00	1393.65 (16.00%)	Target met	Buy	pdf post cache	Broker Report Inflection point in sight 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). pdf Copy Link Share on Share on Share on Share on Alert
20 Dec 2023	Azad Engineering	HDFC Securities	1616.60				IPO Note	pdf post cache	Broker Report IPO Note - Azad Engineering Limited 20122023 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 pdf Copy Link Share on Share on Share on Share on Alert
19 Dec 2023	Azad Engineering	Hem Securities	1616.60				IPO Subscribe	pdf post cache	Broker Report AZAD ENGINEERING LIMITED Hem Securities pdf Copy Link Share on Share on Share on Share on Alert
19 Dec 2023	Azad Engineering	Ventura	1616.60				IPO Subscribe	pdf post cache	Broker Report AZAD ENGINEERING LTD. Ventura IPO NOTE pdf Copy Link Share on Share on Share on Share on Alert
18 Dec 2023	Azad Engineering	SBI Securities	1616.60				IPO Note	pdf post cache	Broker Report Azad Engineering Limited IPO Note SBI Securities pdf Copy Link Share on Share on Share on Share on Alert

39.43% Gain from 52W Low

Azad Engineering Ltd. share price target

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Inflection point in sight

IPO Note - Azad Engineering Limited 20122023

AZAD ENGINEERING LIMITED

AZAD ENGINEERING LTD.

Azad Engineering Limited IPO Note

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