StoxAzad Engineering vs Usha Martin: share price & financials comparison
NSE: AZAD vs USHAMART · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Azad Engineering vs Usha Martin at a glance
Azad Engineering (AZAD) has a market capitalisation of ₹15,646 Cr, against ₹14,565 Cr for Usha Martin (USHAMART). Over the past year Azad Engineering has returned +42.8%, compared with +3.2% for Usha Martin. On valuation, Usha Martin trades at a lower P/E of 28.7 versus 112.6. Usha Martin earns a higher return on equity (15.4% vs 9.1%). Azad Engineering comes out ahead on profitability, growth and technicals. Usha Martin comes out ahead on size, valuation, financial health and momentum. Across the scored metrics below, Azad Engineering leads on 6 and Usha Martin on 8. On StoxGud's 10-point checklist, Azad Engineering scores 6/10 and Usha Martin scores 9/10.
| Metric | Azad Engineering | Usha Martin |
|---|---|---|
| Size | ||
| Market cap | ₹15,646 Cr | ₹14,565 Cr |
| Revenue (latest FY) | ₹603 Cr | ₹3,691 Cr |
| Net profit (latest FY) | ₹133 Cr | ₹466 Cr |
| Valuation | ||
| P/E | 112.6 | 28.7 |
| P/B | 10.23 | 4.41 |
| Dividend yield | — | 0.63% |
| Profitability | ||
| Return on equity | 9.1% | 15.4% |
| Net profit margin | 21.8% | 13.2% |
| Operating margin | 37.7% | 20.0% |
| Growth | ||
| Revenue growth (YoY) | +25.9% | +16.4% |
| Net profit growth (YoY) | +21.4% | +40.7% |
| Revenue CAGR (multi-year) | +33.0% | +12.0% |
| Financial health | ||
| Debt to equity | 0.30 | 0.04 |
| Momentum | ||
| 1-month return | -20.5% | -8.2% |
| 1-year return | +42.8% | +3.2% |
| 3-year CAGR | — | +17.4% |
| 5-year CAGR | — | +37.4% |
| 10-year CAGR | — | +40.2% |
| Distance from 52W high | -20.9% | -10.8% |
| Technicals | ||
| RSI (14) | 31 | 45 |
| Price vs 200-day avg | +11.5% | +2.2% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Azad Engineering | Usha Martin |
|---|---|---|
| Price above 50-day average | ✗ | ✗ |
| Price above 200-day average | ✓ | ✓ |
| 50-day average above 200-day (uptrend) | ✓ | ✓ |
| RSI in healthy 40–70 zone | ✗ | ✓ |
| Positive 1-year return | ✓ | ✓ |
| Return on equity above 15% | ✗ | ✓ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✓ | ✓ |
| P/E below industry median | ✗ | ✓ |
| Score | 6/10 | 9/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Azad Engineering or Usha Martin?
Azad Engineering has a market cap of ₹15,646 Cr and Usha Martin has a market cap of ₹14,565 Cr as of 06 Nov 2026.
Which has a lower P/E, Azad Engineering or Usha Martin?
Usha Martin has the lower P/E: Azad Engineering trades at 112.6 and Usha Martin at 28.7.
Which gave better returns in the last year, Azad Engineering or Usha Martin?
Azad Engineering did better: Azad Engineering returned +42.8% and Usha Martin returned +3.2% over one year.
Is Azad Engineering or Usha Martin a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Azad Engineering scores 6/10 and Usha Martin scores 9/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.