Azad Engineering Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, Azad Engineering stock has a consensus rating of "Buy" and an average price target of ₹2,071. The average 1-year stock price forecast is 1.17% lower than the current stock price, while the lowest is ₹1,675 (-20.06%) and the highest is ₹2,460 (+17.41%).

Price Target: ₹2,071 (-1.17%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹1,675	₹2,071	₹2,050	₹2,460
Change	-20.06%	-1.17%	-2.16%	+17.41%

* Price targets were last updated on Feb 16, 2026.

Analyst Ratings

The average analyst rating for Azad Engineering stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	3	4	5	5	3
Buy	1	2	1	1	1	2
Hold	0	0	0	0	0	1
Sell	0	0	0	0	0	1
Strong Sell	0	0	0	0	0	0
Total	4	5	5	6	6	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹1,900	Buy	Maintains	₹1,900	-9.32%	Feb 16, 2026

Financial Forecast

Revenue This Year

8.05B

from 6.03B

33.49%

from 6.03B

Revenue Next Year

10.88B

from 8.05B

35.17%

from 8.05B

EPS This Year

26.82

from 20.57

30.38%

from 20.57

EPS Next Year

36.16

from 26.82

34.82%

from 26.82

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	1.94B	2.52B	3.41B	4.57B	6.03B	8.05B
Revenue Growth	58.46%	29.42%	35.40%	34.21%	31.84%	33.49%
Gross Profit	1.73B	2.19B	2.92B	3.90B	5.45B	6.15B
Gross Margin	88.85%	87.15%	85.72%	85.18%	90.36%	76.43%
Operating Income	491.13M	588.74M	960.58M	1.32B	1.72B	2.59B
Net Income	294.57M	84.73M	585.80M	873.18M	1.33B	1.71B
EPS	-	-	-	-	20.57	26.82
EPS Growth	-	-	-	-	40.31%	30.38%
Forward PE	-	-	102.08	66.14	60.02	78.12
Free Cash Flow	-1.05B	-1.50B	-1.16B	-9.08B	-1.16B	-1.02B
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	8.2B
Avg	8.0B
Low	7.8B

Revenue Growth

Revenue Growth	2027	2028	2029
High	36.0%
Avg	33.5%
Low	29.9%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	26.82
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	30.4%
Low	-