Azad Engineering Limited
Azad Engineering Limited (AEL) incorporated by Mr. Rakesh Chopdar in 1983, is engaged in manufacturing of precision forged and machined components for clean energy, aerospace, defence, oil & gas, standalone power supply (SPS) as required by OEMs, wit...
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Experienced promoters and leadership team
Consistent growth in revenue with healthy profitability margins
Satisfactory financial profile with moderation expected in medium term
Presence in critical products of energy, aerospace and oil & gas
Established relationships with reputed OEMs
Liquidity: Adequate
Cons
Lengthy qualification process and commercialisation thereof
Elongated working capital cycle
Project risk associated with large-sized debt-funded capex
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About Azad Engineering Limited bond.
This comprehensive profile covers key factual information about Azad Engineering Limited. Azad Engineering Limited (AEL) incorporated by Mr. Rakesh Chopdar in 1983, is engaged in manufacturing of precision forged and machined components for clean energy, aerospace, defence, oil & gas, standalone power supply (SPS) as required by OEMs, with its manufacturing unit in Hyderabad. The company manufactures all types of blades for both radial & axial flow. The company’s infrastructure includes a Forge Shop, Heat Treatment Shop, Hi-Tech CNC Machines, state-of-the-art Laboratory, State of the art Inspection Facility, Heavy Machining Shop, Manufacturing software etc. Moreover, the company has obtained various international certifications namely National Aerospace and Defense Contractors Accreditation Program (NADCAP), ISO 9001:2015 (QMS), AS9100 D, ISO 14001: 2015 (EMS), BS 45001: 2018 (OHSAS) and ISO 27001: 2013 (ISMS) for its facilities. It has recently been certified for the supply of components for nuclear turbines from EDF, France EPS in Mar-2024 was 9.91. Current ratio in Mar-2024 was 4.29. Debt/Equity in Mar-2024 was 0.12. Debt/EBITDA in Mar-2024 was 0.51. Interest coverage ratio in Mar-2024 was 2.71. Operating Cashflow to total debt in Mar-2024 was -0.09. Total revenue for Mar-2025(E) was ₹451.29. Net income for Mar-2025(E) stood at ₹61.53. Total assets as of Mar-2024 were ₹797.06. Operating cash flow for Mar-2024 was ₹-6.95. The company’s borrowing relationships include ICICI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Union Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Union Bank of India (₹N/A Cr). Peers and comparison entities consist of Azad Engineering Limited, Suzlon Energy Limited, Waaree Energies Limited, Sterling and Wilson Renewable Energy Limited. As of Jun 2024, promoters hold 65.90% while others hold N/A% of equity. Key strengths include: Experienced promoters and leadership team; Consistent growth in revenue with healthy profitability margins; Satisfactory financial profile with moderation expected in medium term; Presence in critical products of energy, aerospace and oil & gas; Established relationships with reputed OEMs; Liquidity: Adequate. Key risks include: Lengthy qualification process and commercialisation thereof; Elongated working capital cycle; Project risk associated with large-sized debt-funded capex. Leadership team details include Mr.Rakesh Chopdar (Chairman & CEO), Mr.Subba Rao Ambati (Independent Director), Mr.Michael Joseph Booth (Independent Director), Ms.Madhusree Vemuru (Independent Director), Mr.Vishnu Pramodkumar Malpani (Whole Time Director), Ms.Jyoti Chopdar (Whole Time Director), Mr.Ronak Jajoo (Chief Financial Officer), Mr.Ful Kumar Gautam (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.