Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.

Azad Engineering’s products are highly engineered, complex, mission-critical, and vital.

As of September 30, 2023, the company generated revenue of ₹1,142.92 million from the sale of blades for the energy industry. The company’s customer base includes the USA, China, Europe, the Middle East and Japan.

The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high-precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively.

Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.

For year/ period ended ( in Cr.)

• Engineered for success and a preferred name in the manufacturing of highly engineered, complex, and mission and life-critical high precision components for global OEMs growing competition from China and Eastern Europe;
• Supplying to OEMs with high global market penetration;
• Long-standing and deep customer relationships;
• Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness; and
• Consistent track record of financial performance

• Funding capital expenditure of the Company;
• Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company; and
• General corporate purposes.

The company is a niche player in its segment and enjoys virtual monopoly. It posted steady growth in its top line for the reported periods. Drastic fall in bottom line for FY23 is attributed to one-time adjustments as per new accounting norms. Considering bright prospects, it’s a worthy bet. Hence, investor should subscribe for medium to long term.