Azad India
BSE: AZADIND · Iron & Steel Products
Snapshot
Unlock Azad India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Azad India Mobility Limited manufactures, assembles, and trades in a diverse range of electric buses and coaches, including city, intercity, airport, and school variants. The company also provides SKD and CKD bus body kits to support its mobility solutions.
Business Model
The company generates revenue through the manufacturing and sale of electric buses and coaches, alongside the supply of bus body kits. It operates through its subsidiary, NAE Mobility Private Limited, to serve the Indian transportation market.
- Incorporation Year:1960
Growth Outlook
Growth is expected to be driven by the increasing demand for electric public transportation solutions in India. The company's transition from its legacy business to electric mobility positions it to capitalise on the national shift towards sustainable transit.
Key Risks
- Regulatory and Policy Risk. The company's growth is heavily dependent on government subsidies and policies favouring electric vehicle adoption in India.
- Technological Obsolescence. Rapid advancements in battery technology and electric drivetrain efficiency may require significant capital expenditure to remain competitive.
- Supply Chain Volatility. Dependence on the availability and pricing of critical components like battery cells and electronic control units poses a risk to production timelines.
- Market Competition. The emerging electric bus sector in India is becoming increasingly crowded with both established automotive players and new entrants.
Price
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Peers · Iron & Steel Products
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Azad IndiaAZADIND | 475 | 645.36 | — | — | 4.3% | 1.8% | -8.9% | -35.1% |
Panchmahal SteelPANCHMAHQ | 545 | 95.13 | 30.38 | — | 5.0% | 3.9% | 7.2% | +16.8% |
Uni Abex AlloyUNIABEXAL | 541 | 3.65 | 15.81 | 13.3% | 27.9% | 133.4% | 155.3% | +50.6% |
SurajSURAJLTD | 425 | 55.78 | 16.96 | -100.0% | 55.1% | 10.8% | 15.5% | -39.4% |
Shah MetacorpSHAH | 418 | 30.60 | 27.94 | 18.1% | 10.5% | 6.1% | 6.4% | +16.8% |
Aerpace IndusAERPACE | 386 | 30.33 | 25.87 | — | 720.0% | 36.0% | 26.9% | +29.2% |
As of Q2 FY26
Financials
Azad India
BSE: AZADIND · Iron & Steel Products
Snapshot
Unlock Azad India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Azad India Mobility Limited manufactures, assembles, and trades in a diverse range of electric buses and coaches, including city, intercity, airport, and school variants. The company also provides SKD and CKD bus body kits to support its mobility solutions.
Business Model
The company generates revenue through the manufacturing and sale of electric buses and coaches, alongside the supply of bus body kits. It operates through its subsidiary, NAE Mobility Private Limited, to serve the Indian transportation market.
- Incorporation Year:1960
Growth Outlook
Growth is expected to be driven by the increasing demand for electric public transportation solutions in India. The company's transition from its legacy business to electric mobility positions it to capitalise on the national shift towards sustainable transit.
Key Risks
- Regulatory and Policy Risk. The company's growth is heavily dependent on government subsidies and policies favouring electric vehicle adoption in India.
- Technological Obsolescence. Rapid advancements in battery technology and electric drivetrain efficiency may require significant capital expenditure to remain competitive.
- Supply Chain Volatility. Dependence on the availability and pricing of critical components like battery cells and electronic control units poses a risk to production timelines.
- Market Competition. The emerging electric bus sector in India is becoming increasingly crowded with both established automotive players and new entrants.
Price
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Unlock AI insights, financials, peers and live data on Azad India and 5,000+ companies — free.
Peers · Iron & Steel Products
As of Q2 FY26