Azad Engineering AZAD
Aerospace Component Manufacturing & MRO: Precision-forged/machined turbine & compressor blades for aero engines (GE, Honeywell, Safran)
Mapped in 3 themes: Naval Shipbuilding & Defence Shipyards, Aerospace Component Manufacturing & MRO and Defence Procurement (DAC approvals).
Where Azad Engineering sits in the supply chain
Azad Engineering appears in 4 supply-chain layers across 3 themes: Naval Shipbuilding & Defence Shipyards, Aerospace Component Manufacturing & MRO and Defence Procurement (DAC approvals).
Naval Shipbuilding & Defence Shipyards › Specialty Marine Components
Direct supplierPrecision-forged/machined components for aerospace, energy and defence
Other companies in this layer
Aerospace Component Manufacturing & MRO › Forgings, Castings & Special Alloys
Direct supplierPrecision-forged/machined turbine & compressor blades for aero engines (GE, Honeywell, Safran)
Other companies in this layer
Aerospace Component Manufacturing & MRO › Aero-Engine Components & Hot-Section Parts
Direct supplierPrecision-forged/machined turbine & compressor blades for aero engines (GE, Honeywell, Safran)
Other companies in this layer
Defence Procurement (DAC approvals) › Engines, aerostructures & precision parts
Indirect supplierPrecision turbine and aero-engine parts for global engine makers and Indian defence programmes
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 341 | 457 | 603 |
| Net profit | 59 | 87 | 134 |
Latest-year revenue ₹603 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Aerospace Component Manufacturing & MRO
- Qualified and shipping turbine/compressor blades directly to GE, Honeywell and Safran, clearing one of aerospace's highest technical-qualification bars that keeps most domestic players out of hot-section work
Risks · in Aerospace Component Manufacturing & MRO
- Revenue concentrated among a small number of global engine-OEM customers (GE, Honeywell, Safran)
- Premium valuation leaves little room for execution missteps
Common questions
What does Azad Engineering do?
In Aerospace Component Manufacturing & MRO: Precision-forged/machined turbine & compressor blades for aero engines (GE, Honeywell, Safran). NextResearch maps it in 3 supply chains: Aerospace Component Manufacturing & MRO, Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Where does Azad Engineering sit in the supply chain?
Azad Engineering (NSE: AZAD) is mapped in 4 supply-chain layers: Specialty Marine Components (Naval Shipbuilding & Defence Shipyards); Forgings, Castings & Special Alloys (Aerospace Component Manufacturing & MRO); Aero-Engine Components & Hot-Section Parts (Aerospace Component Manufacturing & MRO); and Engines, aerostructures & precision parts (Defence Procurement (DAC approvals)).
Who are Azad Engineering's peers?
In the Forgings, Castings & Special Alloys layer of Aerospace Component Manufacturing & MRO: Bharat Forge, PTC Industries, Mishra Dhatu Nigam (MIDHANI) and Jaykay Enterprises.
What is Azad Engineering's market cap and valuation?
As of 30 Oct 2026: market cap ₹15,788 Cr, P/E 114.0x, ROCE 11.9%, ROE 9.1%, dividend yield 0%.