Azad Engineering (NSE:AZAD) Shares Outstanding (Basic Average): 65 Mil (As of Mar. 2026)


NSE:AZAD Azad Engineering Ltd NSE:AZAD
45 GF Score
Price ₹2,020.10
! 9 Warning Signs
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What is Azad Engineering Shares Outstanding (Basic Average)?

Azad Engineering NSE:AZAD +0.66% 45 Shares Outstanding (Basic Average) is 65 Mil as of Mar. 2026. GuruFocus rates NSE:AZAD with a GF Score™ of 45/100. The stock has 9 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Azad Engineering's average basic shares outstanding for the quarter that ended in Mar. 2026 was 65 Mil.

Azad Engineering  (NSE:AZAD) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Azad Engineering Shares Outstanding (Basic Average) Related Terms

Azad Engineering Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Azad Engineering's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

Azad Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial 59.11 59.11 52.30 59.56 64.60

Azad Engineering Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) 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 60.88 65.17 64.82 64.63 64.61
NSE:AZAD
45GF Score
Azad Engineering Ltd NSE:AZAD
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Azad Engineering Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 65 Mil mean?
Azad Engineering (NSE:AZAD) has a Shares Outstanding (Basic Average) of 65 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Azad Engineering and its competitors.
Is Azad Engineering's Shares Outstanding (Basic Average) too high?
Azad Engineering's current Shares Outstanding (Basic Average) is 65 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 Shares Outstanding (Basic Average) compare to GEV and ETN?
Azad Engineering's Shares Outstanding (Basic Average) of 65 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 Shares Outstanding (Basic Average) for an Industrial Products company?
A good Shares Outstanding (Basic Average) depends on the Industrial Products industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Azad Engineering and its competitors. Azad Engineering's current Shares Outstanding (Basic Average) is 65 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 Shares Outstanding (Basic Average) of 65 Mil. The current Shares Outstanding (Basic Average) is 65 Mil. 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Azad Engineering (NSE:AZAD), the current Shares Outstanding (Basic Average) is 65 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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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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