Azad Engineering - Niche With Scale: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Azad Engineering Ltd. is operating in a niche segment which revolves at the core of life critical and mission critical engineering capabilities. It produces key components used in the aerospace, defence, oil and gas and industrial work and supplies it to global OEMs. Azad Engineering has delivered 3.9 million units between FY-09 to FY23, it has 45 qualified manufacturing processes and manufactures over 1400 qualified parts and components for the renowned OEMs..Robust Growth Prospects Azad Engineering's growth is propelled by several factors: providing components for new engine models, broadening market share through diversification into related areas, increase in defense budgets, and growing demand for commercial airplanes. To support this growth, Azad is expanding its manufacturing space from 20,000 to 190,000 square meters, expecting incremental revenue to come from FY26 onwards. The aerospace and defense market is projected to expand at a 9% compound annual growth rate from Rs 900 billion to Rs 1,530 billion over 2022-2027, while the Energy sector's Total Addressable Market is estimated at Rs 283 billion..Click on the attachment to read the full report:.Equitas Small Finance Bank - Growth Outlook Steady; RoA To Sustain At ~2%: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Azad Engineering - Niche With Scale: DRChoksey

Years of excellence in precision engineering, now fructifying into effective engine rotation for key global OEMs

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