Azad Engineering Share Price

Azad Engineering is a global precision manufacturer based͏ in Hyderabad, India, specialising in complex and mission-critical components for Aerospace & Defence, Oil & Gas, and Energy sectors, and renowned for its state-of-the-art technology, stringent quality and focus on high growth area such as turbine components. Azad Engineering share price on NSE and BSE indicates the real time response of market participants towards the execution capability, order book, and news related to the company wi͏t͏h͏in the aerospace and advanced manufacturing ecosystem.

Azad Engineering share price trends are affected by orders inflow from global aerospace programmes, execution schedules, margin stability, capacity utilization and export demand. Regulatory clearances, certification requirements, and long-term supply contracts also play a significant role. In the longer term, capital expenditure, technological upgrades, customer diversification, and forays into new platforms determine how Azad Engineering stock price performs in the market.

Azad Engineering live share price gives you the latest information on the last traded price, along with bid-ask levels and traded volumes. These indicators reflect trading and liquidity, while capturing reaction to contract announcements, the quarterly earnings release, and sector-specific news. Continuous monitoring of Azad Engineering live price enables you to observe short-term volatility and understand how the stock’s moves in relation to broader industrial and manufacturing indices.

Tracking Azad Engineering share price today helps market participants understand current sentiment, intraday price movements, and trading behaviour. It allows for observing the short-term movements influenced by earnings updates, global aerospace demand, and macroeconomic factors affecting exports and industrial activity, providing a clear͏ view of how the stock moves within the listed manufacturing space.

Azad Engineering Limited Fundamentals

Azad Engineering Limited Company Background

Azad was established in 2008 by Mr. Rakesh Chopdar and operates in the precision manufacturing sector, focusing on complex and critical components for the energy, aerospace, defence, and oil and gas industries. The company manufactures engineered components that require high accuracy and strict quality control due to their application in mission- and life-critical systems. With over 17 years of operations, Azad functions as a Tier 1 supplier to several original equipment manufacturers across multiple countries. Its manufacturing activities support applications such as commercial and military aircraft, gas, nuclear, and thermal turbines, and oil and gas exploration equipment. The product portfolio includes 3D rotating airfoils, turbine blades, and other precision components. Azad’s operations are supported by in-house engineering, process design, tooling development, finishing, and assembly capabilities. The company also follows structured process improvement practices and quality control systems to maintain consistency across production.

Approximately 90 percent of Azad’s revenue is generated from exports. Since inception, the company has supplied components to more than 17 countries, including the USA, UK, China, Japan, Germany, and regions across Europe and the Middle East. Its manufacturing facilities and experience support compliance with international quality standards.

Azad Engineering Limited Company Product Lines

Aerospace & Defence 

• Aero engine components
• Auxiliary Power Unit (APU) components
• Missile system components
• Actuator system components
• Air generation system components
• Engine propulsion components
• Fuel system components
• Inerting system components
• Turbine blades
• 3D rotating airfoils
• Hydraulic system components
• Flight control system components
• Assembled and integrated turbo gas generator engine components

Energy 

• Rotating aerofoils
• Stationary aerofoils
• Combustion components
• Diaphragms
• Casings
• Critical machined components
• Sub-assemblies
• Assemblies
• Nuclear turbine aerofoils

Oil & Gas

• Drilling service components
• Well intervention system components
• Subsea pressure system components
• Wireline system components
• Artificial lifting system components
• Aerofoils
• Combustion components
• Castings

Azad Engineering Company Revenue Model

• Sale of precision-engineered components to global aerospace OEMs
• Supply of mission-critical components for commercial aircraft platforms
• Supply of components for military aircraft and defence systems
• Revenue from assemblies and sub-assemblies for propulsion and flight-control systems
• Sale of engineered components for auxiliary power units and engine systems
• Sale of precision components for gas, thermal, hydrogen, and nuclear energy turbines
• Supply of rotating and stationary aerofoils for power-generation applications
• Revenue from combustion components, diaphragms, casings, and machined parts
• Manufacturing and supply of assemblies for energy-sector OEMs

Azad Engineering Limited Geographic Presence

• India (headquarters and primary manufacturing facilities in Hyderabad, Telangana)
• United States of America (export destination)
• United Kingdom (export destination)
• China (export destination)
• Japan (export destination)
• Saudi Arabia (export destination)
• Singapore (export destination)
• Germany (export destination, representing broader Europe)
• Europe (multiple countries across the region as export destinations)
• Middle East (multiple countries as export destinations)

Azad Engineering Leadership 

Some of the key leaders of Azad Engineering Limited as of January 2026 are:

• Rakesh Chopdar – Chairman & Chief Executive Officer
• Jyoti Chopdar – Whole-Time Director
• Murali Raju – Managing Director
• Vishnu Malpani – Whole-Time Director
• Deepak Kabra – Independent Director
• Madhushree Vemuru – Independent Director
• Michael Joseph Booth – Independent Director
• Subba Rao Ambati – Independent Director
• Ronak Jajoo – Chief Financial Officer
• Ashok Gentyala – Director, Technical
• Upendra Tummala – Head, Business Excellence
• P. R. Balaji – Head, Growth
• Sridhar G – Business Head, Oil & Gas
• Nitin Makan – Business Head, Aero Engines
• Dinesh Shetty – Head, Supply Chain
• Atin Agarwal – Head, Analytics & IT
• Matthew Childs – Head, Key Accounts
• Kanaka Silpa B – Head, Quality Management System
• G. Praneeth Abhishek – Company Secretary & Compliance Officer

Azad Engineering Limited Key Milestones

• 2008: Established in 2008 by visionary entrepreneur, Mr. Rakesh Chopdar. Started CNC machine shop and began supplying moving airfoils to a government-owned power equipment manufacturer
• 2012: Set up forging shop and heat treatment facility to support in-house production
• 2017: Commenced production of critical gas and thermal turbine components for energy applications
• 2021: Acquired new manufacturing plant under Phase 1 expansion
• 2022: Acquired additional manufacturing plant under Phase 2 expansion
• 2023: Converted into a public company and renamed Azad Engineering Limited
• 2023: Completed initial public offering comprising fresh issue and offer for sale
• 2025: Inaugurated dedicated lean manufacturing facility for Mitsubishi Heavy Industries
• 2025: Inaugurated dedicated manufacturing facility for GE Vernova

Industry Perspective

The precision engineering and high precision components industry—which spans aerospace, defence, energy, and oil and gas sectors—is critical to modern manufacturing and global supply chains. Precision parts are manufactured to extremely tight tolerances and are essential for complex systems such as aircraft engines, turbine blades, propulsion systems, and critical industrial machinery. The global precision engineering machine market is projected to grow from about USD 20.02 billion in 2025 to USD 29.69 billion by 2035, at a CAGR of around 4.02 % over this period.

Similarly, the broader precision components market, encompassing highly engineered parts across industries, is expected to expand robustly, with some forecasts suggesting market values rising sharply by 2035 with significant compound growth. The global precision mechanical machine components market is estimated to grow at a CAGR of around 4.4 % from 2025 to 2035, supported by demand for automation, aerospace, and energy applications. In India, the precision engineering market is forecast to grow at a CAGR of about 7.2 % between 2025 and 2033, driven by increasing demand for precision parts in aerospace, defence, electronics, and energy industries.

This industry’s growth is underpinned by rising global aircraft deliveries, energy infrastructure expansion, and technological adoption in manufacturing processes such as CNC machining, automation, and advanced materials

Azad Engineering is well-positioned to benefit from the rapid growth of the precision engineering and high-precision components industry. Its expertise in aerospace, defence, energy, and oil & gas sectors allows it to capture the rising demand for mission-critical components. With advanced manufacturing facilities, CNC capabilities, and export reach across 17+ countries, the company can leverage increasing global aircraft deliveries, energy infrastructure expansion, and technological adoption to drive revenue and strengthen its market leadership.

Azad Engineering Limited Stock Market Presence: Listings & Index Representation

Azad Engineering Limited was listed on the National Stock Exchange as AZAD and on the Bombay Stock Exchange as 544061 in December 2023 following its initial public offering. Since listing, the company has been actively traded on both exchanges, providing access to domestic and international investors seeking exposure to India’s precision engineering and aerospace manufacturing segment.

Azad Engineering Limited is included in several recognised market indices, reflecting its presence within the broader equity market. The company forms part of Nifty Microcap 250, Nifty Total Market Index, S&P BSE Small Cap, S&P BSE Industrials, S&P BSE Mid Small Cap, BSE 1000, and S&P BSE All cap. Inclusion in these indices places the stock within diversified market baskets covering industrials, small-cap, and total market representation.

Azad Engineering share price is closely observed by investors tracking India’s manufacturing and export-oriented companies. Listing on both NSE and BSE ensures liquidity and transparent price discovery, while index inclusion supports passive investment flows and institutional tracking across industrial and aerospace-focused portfolios.

Azad Engineering Stock Performance and Share Price History

Azad Engineering share price on NSE reflects its positioning as a specialised aerospace and precision engineering manufacturer. Performance is influenced by order execution, revenue growth, operating margins, and global aerospace demand cycles. Market participants often compare Azad Engineering share price today with industrial indices and peer manufacturing stocks to assess relative movement within the sector.

Sector-level trends have played a visible role in shaping Azad Engineering share price. Periods of strength in defence manufacturing, aerospace exports, and industrial capex have supported positive movements, while broader market corrections and global risk-off phases have contributed to declines. These shifts appear clearly during earnings-related trading sessions and sector-wide adjustments.

Corporate developments and technical factors have also affected Azad Engineering share price movements. Post-listing price discovery, liquidity changes, and trading volumes influenced short-term behaviour. Unlike mature companies, newly listed stocks often experience sharper movements as the market establishes valuation ranges, which has been evident in Azad Engineering stock price action across different periods.

Longer-term context is visible through Azad Engineering share price 52-week highs and lows. The stock recorded highs close to ₹2,080 and lows near ₹524 over extended periods, highlighting wide valuation bands. These levels reflect shifts in growth expectations, execution visibility, and broader industrial market sentiment rather than isolated trading events.

Azad Engineering stock price history shows strong long-term gains despite recent corrections. Over three, five, and ten-year reference periods, cumulative returns stand at 179.56 percent, indicating significant value creation since earlier price levels. This performance contrasts with shorter-term declines seen over one-year and six-month periods, where the stock underperformed Nifty50, Sensex, industry, and sector benchmarks.

Economic and policy cycles have influenced Azad Engineering share price trends. Expansion in defence manufacturing, export incentives, and global aerospace supply chain diversification supported upward momentum during favourable periods. Conversely, global slowdown concerns, input cost pressures, and valuation reassessment contributed to corrections during weaker phases.

Azad Engineering share price reached higher levels during 2024, supported by strong quarterly performance, with annual returns of 148.7 percent. However, 2025 showed mixed trends, including a decline of 3.9 percent annually, reflecting volatility across quarters. In 2026, early-year performance showed a decline of 11.38 percent, indicating near-term pressure. During broader market disruptions, including global volatility phases, Azad Engineering stock price experienced corrections aligned with risk-off sentiment. Short-term declines of 13.49 percent over one year and 10.94 percent over three months highlight sensitivity to valuation resets and sectoral rotations rather than structural changes in operations.

 Azad Engineering Limited Investor Relevance and Portfolio Role

Azad Engineering holds relevance in portfolios seeking exposure to aerospace manufacturing, precision engineering, and export-driven industrial businesses. Its inclusion in multiple market indices positions it within diversified small-cap and industrial allocations. The company represents participation in specialised manufacturing segments linked to global supply chains and long-term industrial demand.

Azad Engineering equity is held by a mix of domestic and global institutional investors. Key institutional holders include ICICI Prudential Asset Management Company Limited, Abu Dhabi Investment Authority, Nomura Asset Management Co., Ltd., The Vanguard Group, Inc., Tree Line Advisors (Hong Kong) Ltd., Tree Line Asia Master Fund (Singapore) Pvt Ltd., Nomura Funds Ireland Public Limited Company, White Oak Capital Partners Pte. Ltd., Kotak Mahindra Asset Management Company Limited, and The Nomura Trust and Banking Co., Ltd.

Mutual fund participation includes ICICI Prudential Flexicap Fund, Nomura India Investment Fund Mother Fund, Ashoka WHITEOAK India Opportunities Fund, Nomura India Stock Mother Fund, ICICI Prudential Balanced Advantage Fund, Vanguard Total International Stock ETF, iShares Core MSCI Emerging Markets ETF, Kotak MNC Fund, East spring Investments India Equity Fund, and Vanguard FTSE Emerging Markets ETF.

Market participants also monitor derivatives indicators and technical metrics to understand short-term movements in Azad Engineering share price. Tools such as RSI, MACD, and volume trends provide insight into momentum shifts in Azad Engineering stock price, especially around earnings releases and macro-driven market sessions.

Azad Engineering’s beta profile reflects higher volatility relative to broader markets. Long-term beta remains at 0, while short-term daily beta ranges between 1.84 and 1.86 over one- and three-month periods. Weekly beta ranges reach 2.75 over one year and 2.57 over two years, with two-week beta at 2.26 and monthly two-year beta at 1.51. Mean values range from 1,531.62 to 1,634.22, with standard deviation between 1.55 and 12.18. These figures indicate sensitivity to market movements, influencing Azad Engineering stock price behaviour.

Azad Engineering Sectoral Relevance and Peer Positioning

Azad Engineering sector relevance comes from its role in aerospace and high-precision manufacturing, supporting global OEMs with complex components. Peer comparisons focus on execution capability, certification standards, export exposure, and manufacturing scale rather than short-term price movements. This positioning places the company within India’s specialised industrial manufacturing landscape.

Azad Engineering sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and systemic impact.

Azad Engineering market cap history shows Azad Engineering reaching ₹98.13 billion as of January 20, 2026, declining 11.37 percent from ₹106.74 billion at the end of December 2025. Market caprose from ₹40.05 billion in December 2023 to ₹101.81 billion by December 2024, marking 148.86 percent growth. Over this period, Azad Engineering share price movements aligned with valuation expansion and later consolidation.

Azad Engineering earnings history reflects rising operational scale. Total revenue increased from ₹122.72 crore in March 2021 to ₹457.35 crore in March 2025. Net income rose from ₹11.50 crore in March 2021 to ₹87.32 crore in March 2025, despite fluctuations in intermediate years. These changes correspond with order execution cycles and capacity utilisation impacting Azad Engineering share price.

Azad Engineering EPS history shows volatility across years. Earnings per share stood at ₹76.01 in March 2021, rose to ₹194.69 in March 2022, declined to ₹51.29 in March 2023, fell further to ₹9.91 in March 2024, and recovered to ₹13.52 in March 2025. These shifts highlight earnings normalisation phases reflected in Azad Engineering stock price trends.

Azad Engineering P/E history indicates valuation adjustments. Trailing twelve-month P/E stood at 83.08 in March 2025, down from 122.13 in March 2024, marking a 24.06 percent decline. The latest FY P/E of 92.75 remains above the five-year average of 42.98, showing how Azad Engineering share price reflects growth expectations within the aerospace manufacturing sector.

Summary

Azad Engineering Limited operates within India’s aerospace and precision manufacturing sector, supporting global industrial supply chains. Its stock market presence, index inclusion, and performance history reflect the dynamics of a specialised manufacturing business exposed to global demand cycles. Movements in Azad Engineering share price capture shifts in execution performance, sector trends, and broader market conditions, offering a structured view of how the company fits within listed industrial equities.