Azad Engineering Ltd (NSE: AZAD) and MTAR Technologies Ltd (NSE: MTARTECH) are both listed in the Precision Components industry. Azad Engineering has a market capitalisation of ₹16,204 Cr and MTAR Technologies ₹20,020 Cr, as of 9 Nov 2026. Their P/E ratios are 122 and 212.9 respectively. Return on equity is 9.14% for Azad Engineering and 12.12% for MTAR Technologies. Over one year, Azad Engineering's share price is up 46.6% and MTAR Technologies's is up 122.0%.
| Metric | Azad Engineering | MTAR Technologies |
|---|---|---|
| NSE Symbol | AZAD | MTARTECH |
| BSE Code | 544061 | 543270 |
| Share Price | ₹2,427.00 | ₹5,470.00 |
| Market Cap | ₹16,204 Cr | ₹20,020 Cr |
| P/E Ratio | 122 | 212.9 |
| Return on Equity | 9.14% | 12.12% |
| Return on Assets | 5.31% | 5.92% |
| Dividend Yield | — | 0.00% |
| Beta (1Y) | 0.74 | 1.04 |
| 1-Year Price Change | +46.6% | +122.0% |
| 3-Month Price Change | -4.8% | -21.2% |
| 52-Week Range | ₹1,360.00 – ₹3,127.90 | ₹2,238.20 – ₹8,714.00 |
| Latest Quarter | Q2 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹191 Cr | ₹407 Cr |
| Quarterly Net Profit | ₹31 Cr | ₹60 Cr |
| Net Margin | 16.2% | 14.6% |
| EPS (Basic, Quarter) | ₹4.79 | — |
| Results Basis | consolidated | standalone |
| Headquarters | Hyderabad, Telangana | Hyderabad, Telangana |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Azad Engineering Limited manufactures and sells precision-engineered components in India and internationally. The company offers aerospace, including airfoils/blades for aircraft engines and APUs, body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, air frames, aero structure, turbine wheel, nozzle, unison ring, lever arm, hydraulic, fuel inerting, flight control, actuating system, and other products, as well as aerospace standard fluid distribution parts. It provides plate butterfly, sealer, shaft, bearing rod, piston, plate, and seali…
MTAR Technologies Limited manufactures and sells high precision, heavy equipment, components, and machines in India and internationally. The company offers space solutions comprising liquid propulsion engines; cryogenic engines, including turbo pumps, booster pumps, gas generators, and injector heads; and electro-pneumatic modules. It also provides mechanical subsystems and systems integration for the defence and aerospace sectors; concaves, body slips, anchors, quick-change systems, packers, mandrels, pumps, jar components, and whipstock assemblies; and fuel machining heads, drive mechanisms,…
MTAR Technologies has a market capitalisation of ₹20,020 Cr, against ₹16,204 Cr for Azad Engineering as of 9 Nov 2026, about 1.2 times the size by market cap.
Azad Engineering has a P/E of 122 and MTAR Technologies a P/E of 212.9 as of 9 Nov 2026.
Azad Engineering has a return on equity of 9.14% and MTAR Technologies 12.12%.
Azad Engineering's share price is up 46.6% over one year and MTAR Technologies's is up 122.0%.
Azad Engineering reported revenue of ₹191 Cr and net profit of ₹31 Cr for Q2 FY27. MTAR Technologies reported revenue of ₹407 Cr and net profit of ₹60 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Aerospace & Defence > Defence Engineering & Services > Precision Components on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.