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Azad Engineering Share Price Target 2025, 2026, 2027, 2030

2026-06-08 · 4 min read

Sector - Finance
Azad Engineering Share Price Target 2025, 2026, 2027, 2030

Azad Engineering Price Target 2026, 2027, 2028 to 2030

YEAR 2026

Target Range (₹) : 2000-2200

for the move Selected as a production partner for DRDO/GTRE Advanced Turbo Gas Generator (ATGG) engines, supporting Indian defense programs including future Kaveri engine derivatives. Projected Targets:
YEAR 2027

Target Range (₹) : 2400-2500

for the move Strong order book visibility could support earnings growth. Projected Targets:
YEAR 2028

Target Range (₹) : 2600-2800

for the move Scale benefits may improve profitability. Projected Targets:
YEAR 2029

Target Range (₹) : 3000-3200

for the move Long-term aerospace contracts signed during 2024–2026 should be in peak production phases. Projected Targets:
YEAR 2030

Target Range (₹) : 3500-4000

for the move Defense-engine manufacturing may become a major strategic business segment.

Azad Engineering is one of the more interesting listed manufacturing stories in India right now.

Azad Engineering Share Price Target  

It is not a typical engineering company selling commodity components. It manufactures highly engineered, mission-critical precision components used in aerospace, defence, energy, and oil & gas applications. 

Financial table for Azad Engineering

Market Cap₹14,035 Cr.(As of June 2026)
Price to Earnings106
Return on equity9.09%
Debt to equity0.31
Current ratio3.27
Dividend Yield0.00%
Return on assets6.58%
ROCE11.9%
Face Value₹2.00
52 Week High₹2350
52 Week Low₹1359

Azad Engineering Shareholding Pattern



Mar 2024

Mar 2025

Mar 2026

Promoters

65.90%

60.32%

55.84%

FIIs

6.98%

14.23%

14.75%

DIIs

5.00%

8.23%

11.71%

Public

22.13%

17.21%

17.69%

No. of Shareholders

1,06,231

1,24,539

1,26,786


Historic Performance:

Azad Engineering Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025

YEAR 2020

Yearly returns :

Start of the year price720
End of the year price692
Reason : Recovery in Tata Group stocks after the COVID-19 market crash boosted the value of TICL's investment portfolio.
YEAR 2021

Yearly returns :

Start of the year price100
End of the year price135
Reason : Tata Group stocks delivered strong performance across technology, retail, and industrial sectors.
YEAR 2022

Yearly returns : 56.30%

Start of the year price135
End of the year price211
Reason : Tata Group's acquisition of Air India strengthened the group's strategic position and increased investor interest in Tata companies
YEAR 2023

Yearly returns : -3.92%

Start of the year price720
End of the year price692
Reason : Valuation concerns emerged after the strong IPO response.
YEAR 2024

Yearly returns : 147.22%

Start of the year price696
End of the year price1722
Reason : Opened an exclusive manufacturing facility for Mitsubishi Heavy Industries
YEAR 2025

Yearly returns : 1.6

Start of the year price686
End of the year price697
Reason : Signed a ₹960 crore, 6-year agreement with GE Vernova for advanced gas-turbine airfoils.

Conclusion 


Azad Engineering is one of India’s most promising precision manufacturing companies, with exposure to aerospace, defence, energy, and oil & gas. Its global OEM relationships, strong order book, and high entry barriers make it a serious long-term story.


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