Azad Engineering (NSE:AZAD) Inventory Turnover: 0.03 (As of Mar. 2026)

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NSE:AZAD Azad Engineering Ltd NSE:AZAD
47 GF Score
Price ₹2,439.00
! 9 Warning Signs
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What is Azad Engineering Inventory Turnover?

Azad Engineering NSE:AZAD +3.88% 47 Inventory Turnover is 0.03 as of Mar. 2026. GuruFocus rates NSE:AZAD with a GF Score™ of 47/100. The stock has 9 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Azad Engineering's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹111 Mil. Azad Engineering's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹3,291 Mil. Azad Engineering's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Azad Engineering's Days Inventory for the three months ended in Mar. 2026 was 2,717.05.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Azad Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 2.04.

Azad Engineering  (NSE:AZAD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Azad Engineering's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=3291.13/110.53*365 / 4
=2,717.05

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Azad Engineering's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=3291.13 / 1615.39
=2.04

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Azad Engineering Inventory Turnover Related Terms

Azad Engineering Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Azad Engineering's Inventory Turnover 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 Inventory Turnover Chart

Azad Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial 0.99 0.80 0.73 0.40 0.22

Azad Engineering Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover 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 0.09 0.09 0.07 0.06 0.03
NSE:AZAD
47GF Score
Azad Engineering Ltd NSE:AZAD
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Azad Engineering Inventory Turnover Calculation

Azad Engineering's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=581.23 / ((1893.01 + 3291.13) / 2 )
=581.23 / 2592.07
=0.22

Azad Engineering's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=110.53 / ((0 + 3291.13) / 1 )
=110.53 / 3291.13
=0.03

* 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 Inventory Turnover →
What does a Inventory Turnover of 0.03 mean?
Azad Engineering (NSE:AZAD) has a Inventory Turnover of 0.03 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Azad Engineering and its competitors.
Is Azad Engineering's Inventory Turnover too high?
Azad Engineering's current Inventory Turnover is 0.03. Overall, Azad Engineering has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Azad Engineering's Inventory Turnover compare to GEV and ETN?
Azad Engineering's Inventory Turnover of 0.03 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 Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Azad Engineering and its competitors. Azad Engineering's current Inventory Turnover is 0.03. 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 Inventory Turnover of 0.03. The current Inventory Turnover is 0.03. Azad Engineering's overall GF Score™ is 47/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Azad Engineering (NSE:AZAD), the current Inventory Turnover is 0.03 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.
47GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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