Azad Engineering (NSE:AZAD) EBIT: ₹2,181 Mil (TTM As of Mar. 2026)


NSE:AZAD Azad Engineering Ltd NSE:AZAD
45 GF Score
Price ₹2,020.10
! 5 Warning Signs
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What is Azad Engineering EBIT?

Azad Engineering NSE:AZAD +0.66% 45 EBIT is ₹2,181 Mil as of Mar. 2026. GuruFocus rates NSE:AZAD with a GF Score™ of 45/100. The stock has 5 warning signs investors should review.

Azad Engineering's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹611 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,181 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Azad Engineering's annualized ROC % for the quarter that ended in Mar. 2026 was 6.65%. Azad Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Azad Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.64%.

Azad Engineering  (NSE:AZAD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Azad Engineering's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1780.68 * ( 1 - 28.16% )/( (0 + 19228.9)/ 1 )
=1279.240512/19228.9
=6.65 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=22000.42 - 863 - ( 1908.52 - max(0, 3026.71 - 9892.99+1908.52))
=19228.9

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Azad Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2443.92/( ( (0 + max(0, 0)) + (10360.26 + max(6741.06, 0)) )/ 1 )
=2443.92/( ( 0 + 17101.32 )/ 1 )
=2443.92/17101.32
=14.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3116.61 + 3291.13 + 1576.73) - (863 + 0 + 380.41)
=6741.06

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Azad Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2181.25/133295.669
=1.64 %

* 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.

Azad Engineering EBIT Related Terms

Azad Engineering EBIT Historical Data

* Premium members only.

The historical data trend for Azad Engineering's EBIT 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.

Azad Engineering EBIT Chart

Azad Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 486.61 398.28 1,135.27 1,424.15 2,181.25

Azad Engineering Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 396.99 477.78 531.36 561.13 610.98

NSE:AZAD vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Azad Engineering's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Azad Engineering's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Azad Engineering's EV-to-EBIT falls into.


NSE:AZAD
45GF Score
Azad Engineering Ltd NSE:AZAD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Azad Engineering EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,181 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹2,181 Mil mean?
Azad Engineering (NSE:AZAD) has a EBIT of ₹2,181 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Azad Engineering.
Is Azad Engineering's EBIT too high?
Azad Engineering's current EBIT is ₹2,181 Mil. 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 EBIT compare to GEV and ETN?
Azad Engineering's EBIT of ₹2,181 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Azad Engineering. Azad Engineering's current EBIT is ₹2,181 Mil. 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 EBIT of ₹2,181 Mil. The current EBIT is ₹2,181 Mil. Azad Engineering's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Azad Engineering (NSE:AZAD), the current EBIT is ₹2,181 Mil 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 Business Description

Other Exchanges 544061:India
Address 90/C, 90/D, Phase-1, I.D.A, Jeedimetla, Hyderabad, TG, IND, 500055
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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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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