Azad EngineeringNSE:AZAD -1.79%45 ROE % is 9.41% as of Mar. 2026, which is 13% below its 10-year median of 10.87. GuruFocus rates NSE:AZAD with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 3,003 Industrial Products companies, Azad Engineering ranks better than 64.27% on this metric.
The historical rank and industry rank for Azad Engineering's ROE % or its related term are showing as below:
NSE:AZAD'
s ROE % Range Over the Past 10 Years
Min: 5.23 Med: 10.87 Max: 27.93
Current: 9.06
During the past 6 years, Azad Engineering's highest ROE % was 27.93%. The lowest was 5.23%. And the median was 10.87%.
NSE:AZAD's ROE % is ranked better than 64.27% of 3003
companies
in the Industrial Products industry
Industry Median: 5.86
vs NSE:AZAD: 9.06
Azad Engineering (NSE:AZAD) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Azad Engineering ROE % Related Terms
Azad Engineering ROE % Historical Data
* Premium members only.
The historical data trend for Azad Engineering's ROE % 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.
For the Specialty Industrial Machinery subindustry, Azad Engineering's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Azad Engineering's ROE % distribution charts can be found below:
* The bar in red indicates where Azad Engineering's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Azad Engineering (NSE:AZAD) has a ROE % of 9.41% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Azad Engineering and its competitors. This is 13% below median its historical median of 10.87. Over the past decade, Azad Engineering's ROE % has ranged from 5.23 to 27.93. According to the industry distribution chart, Azad Engineering ranks #1073 out of 3003 companies in the Industrial Products industry, placing it in the top 35.7%.
Is Azad Engineering's ROE % too high?
Azad Engineering's current ROE % of 9.41% is 13% below median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 5.23 to a high of 27.93. The Industrial Products industry median ROE % is 5.86. Azad Engineering's value of 9.41% is 60.6% above this industry median. Based on the distribution chart, Azad Engineering ranks #1073 out of 3003 companies in the Industrial Products industry, which is above the industry midpoint. 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 ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Azad Engineering ranks #1073 out of 3003 companies for ROE %. This puts Azad Engineering in the upper half of its industry. The industry median ROE % is 5.86. Azad Engineering's value of 9.41% is 60.6% above this benchmark. Historically, Azad Engineering's own ROE % has ranged from 5.23 to 27.93 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 5.86, Azad Engineering has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azad Engineering's current ROE % of 9.41% is 60.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Azad Engineering and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azad Engineering's current ROE % is 9.41%, which is 13% below median its own 10-year median of 10.87. 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 ROE % of 9.41%. The current ROE % is 9.41%, which is 13% below median its 10-year median of 10.87 and 60.6% above the Industrial Products industry median of 5.86. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Azad Engineering (NSE:AZAD), the current ROE % is 9.41% 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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