Azad Engineering Opens Two Exclusive GE Vernova Facilities in Hyderabad

Key numbers

Market Cap	₹17,574 CrGeneral Industrials
Revenue TTM	₹638 CrOperating Income
PE Ratio	126.45Sector PE 53.56
1Yr Return	74.79%Stock Performance
Order from	GE Vernova

Key highlights

• Two new facilities spanning 7,600 sq. m each at the Centre of Excellence in Tunikibollaram
• Dedicated production of highly engineered rotating and stationary airfoils
• Expansion strengthens a long-standing strategic partnership with GE Vernova
• Focus on specialized machined parts for global power generation and essential industries
• Increases company footprint to three dedicated units for GE Vernova’s Gas Power business

Details

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What Is the Expansion?

Azad Engineering has inaugurated two new lean manufacturing facilities at its Centre of Excellence and Innovation Centre in Tunikibollaram, Hyderabad. Each facility spans approximately 7,600 square meters and is specifically designed to meet the technical requirements of GE Vernova’s Gas Power division. These state-of-the-art plants will focus on the production of highly engineered rotating and stationary airfoils along with specialized machined parts.

This development expands the company's dedicated footprint to three facilities serving the global energy giant, enhancing its capacity to cater to international demand in the power generation and essential industrial sectors.

Strategic Rationale

• Strengthens the strategic partnership as a preferred Tier-1 supplier to global energy OEMs
• Utilizes lean manufacturing principles to optimize production efficiency and quality control
• Scales technical capabilities in high-precision engineering for critical energy infrastructure
• Positions the company to capture a larger share of the global power generation supply chain

Business Model

Azad Engineering operates in the precision engineering space, supplying critical components to the aerospace, defense, energy, and oil and gas industries. The company specializes in manufacturing complex parts such as turbine blades and airfoils, which require high levels of technical expertise and strict adherence to global safety standards. By establishing exclusive facilities for major clients like GE Vernova, the company secures long-term visibility and integrates deeply into the customer's global supply chain.

This model creates high entry barriers for competitors and ensures steady revenue streams through the production of essential, specialized components.

Financial Context

The company has demonstrated strong growth, reporting an annual operating revenue increase of 38.61% and a net profit growth of 52.26% in the last fiscal year. Currently, the stock trades at a price-to-earnings ratio of 126.45, which is higher than the industry average of 68.86. Despite this valuation, the firm maintains a healthy momentum score and a durability score of 60.

Over the past year, the stock has delivered a return of 74.79%, significantly outperforming broader market benchmarks while maintaining zero promoter pledge and steady institutional holding.

Azad Engineering · financial snapshot

Share price	₹2721.2
Market capitalisation	₹17,573.97 Cr
Revenue (annual)	₹602.98
Net profit (annual)	₹132.95
P/E (TTM)	126.45×Sector 53.56×
Promoter holding	55.84%0.00% QoQ
FII holding	13.3%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.