AZAD / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Azad Engineering · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Amit Digshit · Goldman Sachs

partial

Why is growth guidance only 25% given strong OEM demand?

we are moving the new facility... we can't see that massive jump immediately, because we need capacity, audits, qualifications... this statement is going to change maybe in the coming quarter

Amit Digshit · Goldman Sachs

evasive

What is the delivery roadmap for ATG engines?

it was years, got to months now it has come to weeks... it's not far away.

Amit Digshit · Goldman Sachs

partial

Can you break down receivable and inventory days?

we have already WIP... to cut down these inventories... H1 you will see a drastic change coming to closer to 200 days and H2 we get down to 160 170 days

Suraj Malu · Kataran Katamaran

direct

Are we on track to set up four more facilities in 6 months?

Yes, you're right. We are on track.

Suraj Malu · Kataran Katamaran

direct

What is the delivery timeline for the 6,000 crore order backlog?

if you look at it over five to six years we should be able to on an average these contracts extend to over five to six years.

Suraj Malu · Kataran Katamaran

direct

Can you split the 6,000 crore backlog by segment?

we have over $400 million worth of orders towards energy, approximately $200 million plus for aerospace and defense and about $100 million plus in oil and gas.

Gorov · Aventdus

partial

Is the Mitsubishi hot section order single-sourced? How big is the opportunity?

it was manufactured inhouse... they can't have multiple partners... we have stepped ourselves in this door... you can study with how metrospace or PCC

Gorov · Aventdus

direct

Where are we in the Pratt & Whitney and Rolls-Royce qualification cycle?

in H2 we are expecting to supply the first qualification batch... from Q4 of 527 or early of FI28 that's where the supply starts

Gorov · Aventdus

evasive

Can margins improve further from new plants' operating leverage?

we always say 33 to 35% plus and that plus can be anything... definitely a growth is always... hope that we deliver that

Bhavika Singhi · Nishai

partial

What utilization level for new facilities and time to reach 90%?

when we cut the ribbon we started producing the parts the same day... it will take some time to flow... Q1 of this current month quarter is the turnout month

Bhavika Singhi · Nishai

direct

What is driving growth in energy and oil segments?

most of the growth that you see today is coming out of qualifications of parts that have been done and ramp up... we are also adding adjacent categories... and adding other customers

Bhavika Singhi · Nishai

direct

Will aerospace share of revenue increase from current 70%?

energy will be contributing anywhere between 55 to 60%... balance will be contributed by our other verticals which is aerospace and defense and even oil and gas