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NSE:AZADIND

AZAD INDIA MOBILITY LTD.

Capital Goods › Industrial Products
₹14.88
at close · 27 Oct 2026
▲ 0.23 (+1.57%)

Latest filings

  1. Routine SEBI compliance certificate filed for Q2 FY27 · Compliance
  2. Azad India Mobility fixes Oct 23 record date for 1:5 stock split · Corporate Actions
  3. Stock split record date fixed at Oct 23, 2026; 1 share of Rs 10 to become 5 of Rs 2 · Corporate Actions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures electric luxury buses for inter-city passenger transport, having pivoted from its former identity as Indian Bright Steel Co Limited. Its flagship product is a 12.5-metre electric bus deployed in inter-city operations; one such bus crossed 1,00,000 kilometres of on-road running with zero tailpipe emissions, and the company is targeting cumulative fleet-wide electric bus kilometres of 1,00,000 per day over the next year. Standalone net sales rose to Rs. 6,493.51 lakhs in FY26 from Rs. 903.18 lakhs in FY25, with quarterly revenue climbing from Rs. 1,980.66 lakhs in Q2 FY26 to Rs. 2,867.72 lakhs in Q3 FY26 as the new EV bus business scaled up. The company reported a standalone net profit of Rs. 239.30 lakhs for FY26 versus Rs. 7.21 lakhs in FY25, and consolidated net profit of Rs. 237.04 lakhs, with subsidiary NAE Mobility Private Limited contributing negligibly. Materials account for 80.2% of revenue, making raw inputs the dominant cost, while employee cost is just 2.0% and depreciation 0.3%. The balance sheet was strengthened by an equity infusion of Rs. 6,885.18 lakhs during H1 FY26, taking total assets to roughly Rs. 13,509.64 lakhs at the half-year stage.

Operating scale
Bus model
12.5-metre electric busFY26
Fleet milestone
1 bus crossed 1,00,000 km on-roadDec 2025
Fleet target
1,00,000 km per day cumulative fleet-wideNext year from Dec 2025
FY26 standalone net sales
Rs. 6,493.51 lakhsFY26
Equity infusion in H1 FY26
Rs. 6,885.18 lakhsH1 FY26
Subsidiary stake
NAE Mobility Private Limited (99%)FY26
Who pays it
Inter-city bus operators and transport services deploying electric buses on passenger routes.
Biggest cost
Materials and components at 80.2% of revenue.
Kind of business
Early-stage EV bus manufacturing pivot from a former steel products company; small revenue base, materials-heavy cost structure.
Where it sits
BSE-listed (Scrip Code 504731) micro-cap EV luxury bus maker, formerly Indian Bright Steel Co Limited.
Market Cap
₹81 Cr
P / E (TTM)
33.8×
EV / EBITDA
19.5×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
2.3%·
ROCE (FY26)
ROE 1.8% · margin 5.2%
Leverage
0.00·
Debt / Equity · low
Net cash ₹16 Cr
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#80/105
P/B#16/101
ROCE#92/115
ROE#86/103
Debt / Equity#17/101
EBITDA margin#16/100
Revenue growth#70/97
Profit growth#3/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Debt at 0.00× equity
lower than 83% of its 101 Iron & Steel Products peers
Concerns
Returns on capital 2.3%
#92 of 115 in Iron & Steel Products on the latest reported figures
Heavy working capital — 174 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

AZADIND · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from AZAD INDIA MOBILITY LTD.'s filed financials and exchange disclosures

What does AZAD INDIA MOBILITY LTD. do?

AZAD INDIA MOBILITY LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol AZADIND.

Is AZAD INDIA MOBILITY LTD. profitable?

Yes. Over the trailing twelve months AZAD INDIA MOBILITY LTD. reported a net profit of ₹2.38 Cr on revenue of ₹65 Cr.

Does AZAD INDIA MOBILITY LTD. pay a dividend?

Not in the latest reported year — AZAD INDIA MOBILITY LTD.'s dividend payout for FY26 was nil.

Is AZAD INDIA MOBILITY LTD. debt-free?

On a net basis, yes. It reported borrowings of ₹0.65 Cr on its 31 Mar 2026 balance sheet, but holds ₹16 Cr more cash than debt.

Is AZAD INDIA MOBILITY LTD. expensive compared with its peers?

On trailing P/E, AZAD INDIA MOBILITY LTD. ranks 80 of 105 in Iron & Steel Products — cheaper than 24% of them, against an industry median of 15.6×. This is a position, not a valuation judgement.

Where can I track AZAD INDIA MOBILITY LTD.'s announcements?

Every NSE and BSE filing by AZAD INDIA MOBILITY LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.