HOW AZAD ENGINEERING IS MOVING FROM PRECISION COMPONENTS TO FULL-FLEDGED ENGINE MANUFACTURING

$AZAD is moving beyond precision components into full-fledged engine manufacturing after delivering an indigenous turbojet engine. With aerospace and defense revenue up 38.4% YoY, Q1 revenue rising 26.8%, and EBITDA margin at 37.6%, the company is expanding capacity while testing could pave the way for scaled engine production. At the same time, the company is scaling its manufacturing infrastructure, expanding dedicated facilities for global OEMs, and maintaining strong financial performance. With a market cap of Rs 17,200 crore, the company's shares are trading at a PE of 124 compared to it's industry average PE of 33. The shares have given a return of more than 280% since their listing in Dec23, making it a strong bet for long term investing.