December 20, 2023 - December 22, 2023

Azad Engineering IPO Review & Recommendations

Ajcon Global Services Ltd, BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, Hem Securities, Indsec Securities, Nirmal Bang, Reliance Securities, Swastika Investmart Ltd, Ventura Securities Limited and Way2Wealth Securities have given "Apply" recommendation to Azad Engineering IPO. Capital Market has given "May Apply" recommendation to Azad Engineering IPO. SBICAP Securities Limited has "Not Rated" the IPO.

Azad Engineering IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	11	1	0	0	1
%	84.62	7.69	0.00	0.00	7.69

Azad Engineering IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ajcon Global Services Ltd	Apply
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	May Apply
Dilip Davda	Apply
Hem Securities	Apply
Indsec Securities	Apply
Nirmal Bang	Apply
Reliance Securities	Apply
SBICAP Securities Limited	Not Rated
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply
Way2Wealth Securities	Apply

Azad Engineering IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Azad Engineering IPO is 47. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	47	May subscribe

Azad Engineering IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is a niche player in its segment and enjoys virtual monopoly. It posted steady growth in its top line for the reported periods. Drastic fall in bottom line for FY23 is attributed to one-time adjustments as per new accounting norms. Based on FY24 annualized earnings, the issue appears fully priced. Considering bright prospects, it’s a worthy bet. Investors may park funds for the medium to long-term rewards. Read detail review...

Azad Engineering IPO Peer Comparison

Azad Engineering Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Azad Engineering Limited	1.79	1.79	42.30		4.23	Consolidated
MTAR Technologies Limited	33.62	33.62	201.13	67.85	16.72	Consolidated
Paras Defence and Space Technologies Limited	9.25	9.25	10.60	77.50	8.69	Consolidated
Dynamatic Technologies Limited	67.32	67.32	79.47	88.73	7.93	Consolidated
Triveni Turbine Limited	5.97	5.97	23.83	75.64	25.47	Consolidated

Notes:

All the financial information for listed industry peers mentioned above is on an audited consolidated basis and sourced from the audited financial statements of the relevant companies for Fiscal 2023, as available on the websites of the Stock Exchanges.
The basic and diluted Earnings per Equity Share for the year presented for Azad Engineering Limited have been calculated/restated after considering the share split and bonus issue subsequent to June 30, 2023.
Basic and diluted EPS refers to the Basic and diluted EPS sourced from the publicly available financial results of the respective company for Fiscal 2023.
P/E Ratio has been computed based on the closing market price (December 12, 2023) of equity shares on BSE, divided by the Diluted EPS provided under Note (3) above.
Return on Net worth (%) = Profit for the year / Net Worth at the end of the year.
Net Asset Value per Equity Share (in ₹) = Net worth at the end of the year / Weighted number of equity shares outstanding at the end of the year.

Azad Engineering IPO Review by Members

Azad Engineering IPO Reviews, analysis and views by popular members. Read Azad Engineering Limited IPO reviews by retail investors to find recommended ipo to buy.

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Azad Engineering IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	1	0	0
%	66.67	33.33	0.00	0.00

Member	Review
blog	Apply for Long Term at Upper Price Band AEL is a niche player in life critical components and is most preferred partner.And the company posted steady growth in its top line for the reported periods. December 22, 2023 1:51:34 PM
Crow IPO Mentor (900+ Posts, 1100+ Likes)	May Apply for Listing Gain at Cut-off Price Greedy valuation for a good company but looking at the GMP it would be foolish to skip this. 1 December 20, 2023 1:46:48 PM
SATTWIK KUMAR MARDAN	Apply for Listing Gain at Upper Price Band The company boasts of several high-profile investors. Sachin Tendulkar, VVS Laxman, and Saina Nehwal are all invested in the company. Interestingly none of them are offloading any shares. Tendulkar owns 4.38 lakh shares of the company, at an average price of ₹114.10. Laxman and Nehwal both own 43,800 shares each, which were acquired at an average price of ₹228.17. Now, taking the Azad Engineering IPO’s upper price band into consideration, their initial investments have grown multifold. 1 December 19, 2023 9:14:15 AM

Member

Review

blog

Apply for Long Term at Upper Price Band

AEL is a niche player in life critical components and is most preferred partner.And the company posted steady growth in its top line for the reported periods.

December 22, 2023 1:51:34 PM

Crow

IPO Mentor (900+ Posts, 1100+ Likes)

May Apply for Listing Gain at Cut-off Price

Greedy valuation for a good company but looking at the GMP it would be foolish to skip this.

December 20, 2023 1:46:48 PM

SATTWIK KUMAR MARDAN

Apply for Listing Gain at Upper Price Band

The company boasts of several high-profile investors. Sachin Tendulkar, VVS Laxman, and Saina Nehwal are all invested in the company. Interestingly none of them are offloading any shares.
Tendulkar owns 4.38 lakh shares of the company, at an average price of ₹114.10. Laxman and Nehwal both own 43,800 shares each, which were acquired at an average price of ₹228.17. Now, taking the Azad Engineering IPO’s upper price band into consideration, their initial investments have grown multifold.

December 19, 2023 9:14:15 AM

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