Azad Engineering Management Guidance Tracker

Management reiterated guidance for 25-30% revenue growth for FY26, with H1 already at ₹277 crore (32.1% YoY).

Management expects revenue to grow at 25% or more annually, backed by order book and plant readiness.

Management reiterated guidance of approximately 25%+ topline growth for the current financial year, driven by ramp-up of new facilities and qualified products.

Management expects to sustain current EBITDA margin levels, with potential improvement from operating leverage as new facilities stabilize.

Long-term EBITDA margin target of 33-35% is sustainable, with current quarter at 38.6%.

Approximately ₹213 crore deployed so far; asset turnover target of 1.7-1.8x, progressively moving to 2x.

Phase 1 of new facilities to be completed over next 12 months; revenue contribution expected in H2 FY26.

New facilities for GE, Mitsubishi, and Siemens will stabilize operations by FY27 and reach maximum utilization by FY28.

The remaining four of the eight planned dedicated facilities will be commissioned during FY27, with civil work and ramp-up ongoing.

Revenues from new aerospace customers (Rolls-Royce, etc.) are expected to begin in FY27.

With the Baker Hughes facility inaugurated in April 2026, oil & gas revenue is expected to ramp up and become a material contributor in FY27.

Management guided that inventory days will reduce to around 200 days in H1 FY27 and further to 160-170 days in H2 FY27 as new plants ramp up.