Azad Engineering's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 176.05.
Azad Engineering's Days Inventory for the
three
months ended in Mar. 2026 was 2717.05.
Azad Engineering's Days Payable for the
three
months ended in Mar. 2026 was 703.99.
Therefore, Azad Engineering's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 2,189.11.
Azad Engineering (NSE:AZAD) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Azad Engineering Cash Conversion Cycle Related Terms
Azad Engineering Cash Conversion Cycle Historical Data
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The historical data trend for Azad Engineering's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:AZAD vs GEV, ETN, PH: Cash Conversion Cycle Comparison
For the Specialty Industrial Machinery subindustry, Azad Engineering's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Azad Engineering Cash Conversion Cycle vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Azad Engineering's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Azad Engineering's Cash Conversion Cycle falls into.
Azad Engineering Cash Conversion Cycle Calculation
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Azad Engineering's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Cash Conversion Cycle of 2,189.11 mean?
Azad Engineering (NSE:AZAD) has a Cash Conversion Cycle of 2,189.11 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Azad Engineering and its competitors.
Is Azad Engineering's Cash Conversion Cycle too high?
Azad Engineering's current Cash Conversion Cycle is 2,189.11. The Industrial Products industry median Cash Conversion Cycle is 122.24. Azad Engineering's value of 2,189.11 is 1690.8% above this industry median. Overall, Azad Engineering has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Azad Engineering's Cash Conversion Cycle compare to GEV and ETN?
Azad Engineering's Cash Conversion Cycle of 2,189.11 can be compared against companies in the Industrial Products industry. The industry median Cash Conversion Cycle is 122.24. Azad Engineering's value of 2,189.11 is 1690.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for an Industrial Products company?
The median Cash Conversion Cycle among Industrial Products companies is 122.24, based on 3,027 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azad Engineering's current Cash Conversion Cycle of 2,189.11 is 1690.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Azad Engineering and its competitors. For the Industrial Products industry, the median Cash Conversion Cycle is 122.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azad Engineering's current Cash Conversion Cycle is 2,189.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azad Engineering stock overvalued right now?
Azad Engineering (NSE:AZAD) has a current Cash Conversion Cycle of 2,189.11. The current Cash Conversion Cycle is 2,189.11 and 1690.8% above the Industrial Products industry median of 122.24. Azad Engineering's overall GF Score™ is 45/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Azad Engineering (NSE:AZAD), the current Cash Conversion Cycle is 2,189.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Azad Engineering Ltd is an Original Equipment Manufacturer (OEM) and national defence agencies across power generation, aerospace, defence, and oil & gas. It delivers complex, high-precision components with uncompromising reliability and has earned the trust of industry leaders, including GE Vernova, Mitsubishi Heavy Industries, Rolls-Royce, Honeywell Aerospace, Siemens Energy, Eaton, Baker Hughes, and others. The company's products include 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight-controls, propulsion, and actuation which power defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil, and thermal power. Geographically, the group generates a majority of its revenue from outside India.
45GF Score
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