StoxElgi Equipments vs Azad Engineering: share price & financials comparison
NSE: ELGIEQUIP vs AZAD · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Elgi Equipments vs Azad Engineering at a glance
Elgi Equipments (ELGIEQUIP) has a market capitalisation of ₹18,542 Cr, against ₹15,860 Cr for Azad Engineering (AZAD). Over the past year Azad Engineering has returned +48.3%, compared with +21.3% for Elgi Equipments. On valuation, Elgi Equipments trades at a lower P/E of 40.8 versus 115.7. Elgi Equipments earns a higher return on equity (18.9% vs 8.6%). Elgi Equipments comes out ahead on size, valuation, financial health and momentum. Azad Engineering comes out ahead on profitability, growth and technicals. Across the scored metrics below, Elgi Equipments leads on 8 and Azad Engineering on 6. On StoxGud's 10-point checklist, Elgi Equipments scores 9/10 and Azad Engineering scores 7/10.
| Metric | Elgi Equipments | Azad Engineering |
|---|---|---|
| Size | ||
| Market cap | ₹18,542 Cr | ₹15,860 Cr |
| Revenue (latest FY) | ₹3,951 Cr | ₹603 Cr |
| Net profit (latest FY) | ₹430 Cr | ₹133 Cr |
| Valuation | ||
| P/E | 40.8 | 115.7 |
| P/B | 7.72 | 9.94 |
| Dividend yield | 0.37% | — |
| Profitability | ||
| Return on equity | 18.9% | 8.6% |
| Net profit margin | 10.5% | 20.1% |
| Operating margin | 15.3% | 38.0% |
| Growth | ||
| Revenue growth (YoY) | +17.2% | +31.1% |
| Net profit growth (YoY) | +5.7% | -5.7% |
| Revenue CAGR (multi-year) | +15.5% | +33.0% |
| Financial health | ||
| Debt to equity | 0.15 | 0.35 |
| Momentum | ||
| 1-month return | -0.4% | -17.7% |
| 1-year return | +21.3% | +48.3% |
| 3-year CAGR | +4.5% | — |
| 5-year CAGR | +21.6% | — |
| 10-year CAGR | +21.3% | — |
| Distance from 52W high | -8.9% | -19.8% |
| Technicals | ||
| RSI (14) | 77 | 48 |
| Price vs 200-day avg | +5.1% | +12.1% |
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 | Elgi Equipments | Azad Engineering |
|---|---|---|
| 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 | 9/10 | 7/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Elgi Equipments or Azad Engineering?
Elgi Equipments has a market cap of ₹18,542 Cr and Azad Engineering has a market cap of ₹15,860 Cr as of 13 Nov 2026.
Which has a lower P/E, Elgi Equipments or Azad Engineering?
Elgi Equipments has the lower P/E: Elgi Equipments trades at 40.8 and Azad Engineering at 115.7.
Which gave better returns in the last year, Elgi Equipments or Azad Engineering?
Azad Engineering did better: Elgi Equipments returned +21.3% and Azad Engineering returned +48.3% over one year.
What is the difference between Elgi Equipments and Azad Engineering?
Both are NSE-listed companies in Capital Goods. Elgi Equipments is about 1.2 times the size of Azad Engineering by market cap. In the latest financial year Elgi Equipments reported revenue of ₹3,951 Cr and Azad Engineering ₹603 Cr. Operating margin is 15.3% for Elgi Equipments and 38.0% for Azad Engineering. Debt to equity is 0.15 for Elgi Equipments and 0.35 for Azad Engineering.
Which is better, Elgi Equipments or Azad Engineering?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Elgi Equipments leads on 8 and Azad Engineering on 6. Elgi Equipments is ahead on size, valuation, financial health and momentum. Azad Engineering is ahead on profitability, growth and technicals. On StoxGud's rules-based checklist Elgi Equipments scores 9/10 and Azad Engineering scores 7/10. This is information, not advice: consult a SEBI-registered adviser before investing.