Azad Engineering vs Peers
- Market cap
- ₹19,616 crore
- P/E
- 141.2
- P/B
- 12.83
- ROE
- 9.1%
- Dividend yield
- 1.20%
Azad Engineering ranks 12th by market capitalisation among 28 Heavy Electrical Equipment companies tracked by ATS. Its largest peers are Bharat Heavy Electricals, ABB India and Hitachi Energy India. Its P/E of 141.2 compares with a peer median of 89.0.
Azad Engineering vs Heavy Electrical Equipment peers
Sorted by market capitalisation.
| Company | Close (₹) | 1D | Market cap (₹ cr) | P/E | P/B | ROE | 1Y return |
|---|---|---|---|---|---|---|---|
| Bharat Heavy Electricals | 448.25 | -0.83% | 1,56,083 | 64.2 | 5.97 | 6.3% | +12.5% |
| ABB India | 7,014.00 | -1.52% | 1,48,633 | 94.0 | 15.91 | 22.4% | +12.5% |
| Hitachi Energy India | 31,690.00 | +0.16% | 1,41,250 | 122.8 | 27.29 | 21.0% | +12.5% |
| CG Power and Industrial Solutions | 893.85 | -1.99% | 1,40,774 | 112.6 | 17.66 | 20.4% | +12.5% |
| Siemens | 3,807.40 | -1.21% | 1,35,589 | 93.4 | 10.25 | 14.7% | +12.5% |
| Siemens Energy India | 3,364.40 | +1.72% | 1,19,813 | 80.5 | 24.90 | 29.0% | +12.5% |
| GE Vernova T&D India | 4,314.90 | +1.64% | 1,10,482 | 84.7 | 41.07 | 55.3% | +12.5% |
| Suzlon Energy | 38.50 | -1.69% | 52,914 | 16.8 | 5.59 | 40.6% | +12.5% |
| Thermax | 3,236.30 | +0.35% | 36,456 | 61.4 | 6.57 | 13.7% | +12.5% |
| Schneider Electric Infrastructure | 1,254.30 | -1.55% | 29,991 | 163.2 | 38.73 | 31.8% | +12.5% |
| Azad Engineering | 3,037.40 | -0.82% | 19,616 | 141.2 | 12.83 | 9.1% | +22.0% |
Source: NSE end-of-day prices; ratios from company filings. Data as of 7 October 2026. How this data is compiled.
Azad Engineering peer comparison — frequently asked questions
Who are Azad Engineering's competitors?
Azad Engineering's listed peers in Heavy Electrical Equipment include Bharat Heavy Electricals, ABB India, Hitachi Energy India, CG Power and Industrial Solutions, Siemens and Siemens Energy India, ranked here by market capitalisation.
How does Azad Engineering's P/E compare with its peers?
Azad Engineering trades at a P/E of 141.2, against a median of 89.0 across the 10 Heavy Electrical Equipment peers shown.
Which is the largest company among Azad Engineering's peers?
By market capitalisation, the largest company in the group is Bharat Heavy Electricals at ₹1.56 lakh crore, against ₹19,616 crore for Azad Engineering.
Same Data For Peers
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.