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Azad Engineering Limited (AZAD)

Engineering & Infrastructure · NSE · end-of-day 2026-10-19
Close
₹2,685.30
Day change
-2.03%
1-year
+63.6%
From 52-week high
-12.3%
Weinstein stage
Stage 2
Minervini template
7/8
Azad Engineering Limited closed at ₹2,685.30 on 2026-10-19, up 64% over the past year, 12% below its 52-week high. It meets 7 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 1 of 4 SEPA checks. Over the year its annualised volatility was about 43%, with a largest fall of 22% from a peak.

About Azad Engineering Limited

Azad Engineering Limited manufactures precision-engineered components for aerospace, defense, energy, oil & gas, and industrial turbine applications. The company supplies mission-critical parts to leading global OEMs through advanced manufacturing processes. Strong engineering capabilities support long-term customer relationships. Increasing localization and global outsourcing trends continue to expand opportunities. High-quality manufacturing remains its key differentiator.

Price, RSI and MACD

Price · +41.8% over the period
1,5291,9342,3392,7443,149Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 42.2
305070
MACD (12, 26, 9) · histogram -30.86
-65.2-4.755.8116.3176.9
Price · +62.1% over the period
1,2651,7402,2152,6893,164Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 42.2
305070
MACD (12, 26, 9) · histogram -30.86
-73.1-10.452.2114.8177.5
Price · +92.1% over the period
1,0841,6072,1292,6523,175Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 42.2
305070
MACD (12, 26, 9) · histogram -30.86
-111.2-38.634106.6179.2
Price · +296.4% over the period
5181,1901,8622,5343,207May 24Oct 24Mar 25Aug 25Jan 26Jun 26
RSI (14) · 42.2
305070
MACD (12, 26, 9) · histogram -30.86
-114.1-40.732.7106179.4
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹17,342 cr₹638 cr₹139 cr125.021.4911.349.1%8.6%12.0%0.30₹-691 cr66.91.16

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 2026173355.53+21.3%+25.9%20.4%
Mar 2026162375.57+34.2%+27.3%22.8%
Dec 2025159355.34+31.9%+31.7%21.9%
Sep 2025146335.05+42.2%+30.6%22.4%
Jun 2025137294.56+57.2%+39.3%21.5%
Mar 2025127254.15+45.6%+36.8%19.6%
Dec 2024120244.05+20.2%+35.0%19.7%
Sep 2024112213.55——18.7%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 1 of 4 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✗ Fail
EPS growth accelerating over 3 quarters✗ Fail
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✗ Close above the 50-day
✓ At least 25% above the 52-week low · low 1,366.50
✓ Within 25% of the 52-week high · high 3,062.60
✓ RS percentile 70 or more · RS 89
Trend template - the gate, measured: a modest 21-day edge.
7/87 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
✗ C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✓ N within 15% of the 52-week high · high 3,062.60
✓ S more volume on up days than down days (50 sessions) · 2.46x
✓ L RS percentile 80 or more · RS 89
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
4/5Strong
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 3,127.90
✗ Box bottom confirmed (3 sessions holding) · bottom 2,691.10
✗ Close above the box top · close 2,685.30
✗ Volume at least 1.5x its 50-day average · 0.4x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
47/100In box
Turtle
✗ Close above the prior 55-session high · 3,127.90
✗ Close above the prior 20-session high · 3,127.90
✗ Close below the prior 20-session low · 2,605.30
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 1.5%
— Return on capital (ROCE) · 12.0%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
12/100Weak
Graham
✗ Price at or below the Graham number · Graham number 338.38
✗ P/E 15 or less · P/E 125.0
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 11.34
✓ Current ratio 2 or more · 3.27
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
13/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✗ Operating cash flow positive
✓ ROA rising
✗ Cash flow above net profit (earnings quality)
✗ Long-term debt / assets falling
✗ Current ratio rising · 3.27
✓ No new shares issued
✓ Margin rising (net margin)
✓ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
5/9Average
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Engineering & Infrastructure sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
AZAD this stock-3.8+14.5+41.8+63.3——125.011.349.112.0—0.3066.917,34263813921.51.16
GAYAPROJ-14.8-0.3+5.8+254.1+254.1-53.10.21.61-492.2134.7—0.51—9789992,080111.5—
KMEW+15.2+35.9+95.5+202.4——56.314.3420.016.3—0.3974.28,17737214259.01.40
RATNAVEER+17.1+94.3+140.4+134.4+162.7—18.23.5612.412.3—0.50————19.01.41
MACPOWER-13.2+40.2+62.9+120.9+406.9+831.447.010.4321.329.4—0.0035.41,8273673938.90.86
LOKESHMACH+13.2+16.0+39.8+112.0+65.4+653.3178.23.641.86.4—0.7427.583121642.20.93
SUPREMEINF-29.6-28.6+98.7+98.7+88.7—0.12.35-193.3-767.0—6.250.3548816,1371,015.2—
DEEDEV-21.3-24.4+35.4+97.0——45.44.099.110.9—0.7722.33,6441,2138011.60.96
CEMPRO-7.5-28.2+83.3+51.3——33.48.3728.234.2—0.3617.520,08010,18560235.01.41
GALAPREC+5.7-12.1+38.8+43.4——36.64.6812.915.2—0.1224.81,3703273729.20.89
TEXINFRA+13.0+12.5+29.0+40.5+59.6+116.7176.11.53-21.51.4—0.0286.21,635——0.70.51
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.