Azad Engineering Ltd (NSE: AZAD) share price: There are numerous such shares on the market that have provided excellent returns to their shareholders.
In this respect, some stocks have offered greater returns to investors over a short time while others have offered greater returns to their investors over time.
In this scenario, the company about which we’ll be talking today has delivered incredible returns to investors in only two months. The shares have doubled in value. Tell us what you think about it.
Share Rise
The name of the stock we are talking about is Azad Engineering. The stock has experienced massive gains in the past two months.
In addition, it has also given 100 percent returns to investors. The 1st of January, 2024 Azad Engineering’s share price on January 1, 2024, Azad Engineering was the amount of 683.35 at the NSE.
In the last just two weeks, the price of shares has reached Rs 1300. Additionally, the brokerage houses remain optimistic about the stock.
The share traded at 1355.30 on the NSE on March 7, 2024. In addition, the 52-week high in the company is $1465 while its 52-week low is 642.40.
Received The Order
Azad Engineering has received an order from Baker Hughes for the supply of crucial and complicated components, as per a research report.
So brokerage thinks this is crucial because it allows Azad to broaden its portfolio of sectors which could lead to new revenue streams and possibly sustaining earnings growth.
Set A Goal
Brokerage said this is the second major order of Q4FY24 following Rolls-Royce to build a defense engine. This illustrates that the research and development efforts that was made over the last few years are now being commercialized. Brokerage has given a Buy rating to the stock.
Additionally, brokerage has given an estimate of Rs 1600. In the past, this goal was Rs 1400, but it’s been increased.
About Azad Engineering Ltd Company
Azad Engineering Limited is a producer of aerospace components and turbines.
It provides products to OEMs (OEMs) for the defense, aerospace energy, oil, and gas sectors. It is a Public Limited Listed company. The company was founded in 1983.
The company’s total operating revenue is Rs 251.68 crore and equity capital is Rs 1.65 crore. The company’s head office is in Telangana, India.
Fundamental Analysis of Azad Engineering Ltd
| Market Cap | ₹ 8,018 Cr. |
| Current Price | ₹ 1,356 |
| 52-wk High | ₹ 1,465 |
| 52-wk Low | ₹ 642 |
| Stock P/E | 942 |
| Book Value | — |
| Dividend | 0.00 % |
| ROCE | 16.0 % |
| ROE | 5.25 % |
| Face Value | ₹ 2.00 |
| P/B Value | — |
| OPM | 28.7 % |
| EPS | ₹ 51.5 |
| Debt | ₹ 300 Cr. |
| Debt to Equity | 1.47 |
Azad Engineering Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1300 | ₹1380 |
| 2025 | ₹1380 | ₹1489 |
| 2026 | ₹1500 | ₹1548 |
| 2027 | ₹1600 | ₹1645 |
| 2028 | ₹1700 | ₹1900 |
| 2029 | ₹2000 | ₹2058 |
| 2030 | ₹2100 | ₹2200 |
Azad Engineering Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 65.90% |
| FII Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 4.68% |
| DII Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 5.71% |
| Public Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 23.70% |
Azad Engineering Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | — |
| 2020 | ₹ 122 Cr |
| 2021 | ₹ 121 Cr |
| 2022 | ₹ 194 Cr |
| 2023 | ₹ 252 Cr |
Last 5 Years’ Net Profit:
| 2019 | — |
| 2020 | ₹ 21 Cr |
| 2021 | ₹ 14 Cr |
| 2022 | ₹ 28 Cr |
| 2023 | ₹ 9 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | — |
| 2021 | 0.68 |
| 2022 | 1.04 |
| 2023 | 1.47 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | -26% |
| Current Year: | -70% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 14% |
| Last Year: | 5% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 27% |
| Current Year: | 29% |
Conclusion
This article is a complete guide about Azad Engineering Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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