Azad Engineering shares will remain in focus on Monday (May 5, 2025) after the defence player inked a long-term supply agreement WORTH Rs 452.48 crore with GE Steam Power GMBH. Last trading price of Azad Engineering share price on Bombay Stock Exchange (BSE) stood at Rs 1552.05 per share with intraday fall of 1.88%. The stock gained 3.23% in last 1-week and plunged 15.47% year-to-date. Meanwhile, the company has a market capitalisation of Rs 10,023.41 crore. The return on equity (ROE) is 11.34%. FII/FPI holdings surged sharply from 9.98% to 14.23% for March 2025 quarter. Check key details given below:
Azad Engineering Signs Contract With GE Steam
According to the exchange filing of the company dated May 4, 2025, “Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform you that Azad Engineering Limited has signed a Long Term Supply Agreement with GE Steam Power GMBH acting through its, GE Vernova Power business based Baden, Switzerland for manufacture and supply of highly engineered and complex rotating and stationary Airfoils for advanced nuclear, industrial, and thermal power industries, meeting GE Vernova global demand in the power generation and essential industries. The current phase of the contract, valued at ~ USD ($) 53.5 million (INR ~452.48 crores) is a robust step towards cementing out everlasting strategic relationship with GE Steam Power GMBH.”
Azad Engineering Shares Performance
The 52-week high price of Azad Engineering shares on BSE stood at Rs 2080.00 per share (as on 20/06/2024) and 52-week low price is Rs 1128.40 apiece (as on 07/04/2025), respectively. Azad Engineering shares gained 5.881% in last 2-weeks, soared 11.63% in last 1-month, and surged over 6% in last 6-months. The defence player shares rallied 18.25% in last 1-year when Sensex gained 7.90% and BSE Industrial index plunged 4.45%.
Azad Engineering Financials Compared With Peer Group
The company for the December 2024 quarter declared its profit after tax (PAT) at Rs 24.29 crore. In comparison, BHEL declared a PAT of Rs 124.77 crore, JYOTISTRUC reported a PAT of 11.71 crore, and SWELECTES declared a PAT of Rs -2.99 crore.
Azad Engineering About
It is one of the key manufacturers of qualified product lines in the aerospace and defence, energy and oil and gas industries. It is engaged in the manufacturing of highly engineered, complex and mission and life-critical components. Its products include 3D rotating airfoil portions of turbine engines and other critical products for defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power, according to its official website.
Disclaimer: The story highlights inking of contract and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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