Azad Engineering share price target 2024, 2025, 2026, 2027 to 2030

In this article, we delve into a comprehensive analysis of Azad Engineering share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

Long Term Contract

Rolls-Royce, a leading provider of power and propulsion solutions, has entered into a 7 years long term agreement with Azad Engineering to produce intricate defence aero-engine components in India.

As part of this long-term partnership, Azad Engineering, based in Hyderabad, will manufacture and deliver complex components for defence aircraft engines. By joining Rolls-Royce’s global supply chain for complex category components, Azad Engineering will contribute to the production of technologically advanced aero-engines.

Share Price

On January 30, 2024, following the announcement, Azad Engineering experienced a significant surge, with its share price jumping 20% in a single day. Closing at ₹854, it marked a notable increase from its opening price of ₹722. This surge contributed to a two-day gain of nearly 25%, positioning the stock approximately 18% higher than its listing price of ₹720.

About

The company is a key manufacturer in aerospace, defence, energy, and oil/gas industries, contributing significantly to these sectors with its specialized products and services. Its operations span across 16+ countries, collaborating with global OEMs and serving as a vital player in the global supply chain.

Specializing in highly engineered components for aircraft, spaceships, missiles, and power sectors, the company offers a diverse range of precision-forged and machined parts. It caters to the stringent demands of these industries with its expertise in producing complex, mission-critical components, ensuring reliability and performance excellence.

Founded	1983
Listing Date	Dec 28, 2023
CEO & MD	Rakesh Chopdar
Sector	Engineering
Headquarters	Hyderabad

Also Read : Qualitek Labs Ltd share price target 2024, 2025, 2026 to 2030

Financial Details

Market Cap	₹ 5,052 Cr	Stock P/E	594
ROCE	16.0 %	ROE	5.25%
Debt to equity	1.47	Debt	₹ 300 Cr
FII Holding	4.68 %	DII Holding	5.71 %
EPS	₹ 51.5	Sales growth	29.4 %

as of 30 Jan 2024

Also Read : Shri Balaji Valve Components Ltd share price target 2024, 2025, 2026 to 2030

Financial Statement

Particulars	2023	2022	2021
Net Sales	252	194	121
Expenses	179	132	92
Profit After Tax	9	28	14

as of 30 Jan 2024 (₹ amount in crores)

Also Read : Maxposure Limited share price target 2024, 2025, 2026, 2027 to 2030

As per analysis the latest news might effect the stock heavily. It will continue it upward trend.

Year	Min Target	Max Target
2024	₹1,020	₹1,179
2025	₹1,298	₹1,493
2026	₹1,516	₹1,883
2027	₹2,034	₹2,339
2028	₹2,426	₹2,905
2029	₹3,137	₹3,508
2030	₹3,697	₹4,482

as of 30 Jan 24

Also Read : Manoj Ceramic Limited share price target 2024, 2025, 2026 to 2030

Positive and Negative Points of Azad Engineering Ltd

Positive:

Promising opportunities for future expansion in the aerospace, defense, and energy sectors could provide significant growth prospects for Azad Engineering.

Negative:

The company’s low interest coverage ratio raises concerns about its ability to meet interest obligations.
Profit experienced a decline in the previous year, indicating potential challenges or weaknesses in the company’s operations or market conditions.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.