Azad Engineering Ltd Share Price

(AZAD)

Azad Engineering Ltd was originally incorporated as Azad Engineering Private Limited at Hyderabad Telangana as a Private Company pursuant to the Certificate of Incorporation dated September 14 1983 issued by Registrar of Company Telangana at Hyderabad. The name of Company changed to Azad Engineering Limited and a fresh Certificate of Incorporation dated September 5 2023 was issued by the RoC.Azad Engineering are one of the key manufacturers of qualified product lines supplying to global original equipment manufacturersOEMs in the aerospace and defence energy and oil and gas industries manufacturing highly engineered complex and mission and lifecritical components. The Company manufacture complex and highly engineered precision forged and machined components that are mission and lifecritical and hence some of the products have a zero parts per million defects requirement.Their aerospace and defence products include airfoils/ blades and components for engines auxiliary power units APUs hydraulics actuating systems flight controls fuel and inerting sections of commercial and defence aircrafts and spacecrafts among other defence systems and various critical components for missiles. They have supplied critical components to major commercial aircraft manufacturers such as B737 B737 Max B747 B777 B777X A320 A350 A355 A350 XWB Gulfstream G550.In the energy industry Company produces highprecision rotating and stationary 3D airfoils/ blades special machined parts and combustion component assemblies for landbased turbines with applications in industrial and energy plants using different fuel types such as nuclear hydrogen natural gas and thermal. For the oil and gas industry it manufacture components of drilling rigs such as drill bits and other critical components that are used in drilling equipment and are part of exploration and production phase. In 2008 the Company established CNC machine shop acquired delivery of moving airfoils/ blades to a large governmentowned power generation equipment manufacturer. In 2012 it constructed a forge shop and a heat treatment facility for production opened critical gas/ thermal turbines parts production in 2017 and in 202122 acquired land to construct a new plant for Phase 1 and Phase 2 for production.The Company is proposing Initial Public Offer of aggregating Rs 740 Crores Equity Shares comprising Rs 240 Crore by raising capital through Fresh Issue and Rs 500 Crore Equity Shares through Offer for Sale..

Share Price: ₹1693.25 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹9,927.44Cr as of today
Revenue: ₹111.54Cr as on September 2024 (Q3 24)
Net Profit: ₹20.88Cr as on September 2024 (Q3 24)
Listing date: 28 Dec, 2023
Chairperson Name: RAKESH