Azad Engineering hit a fresh all-time high after inaugurating two new facilities for GE Vernova's gas turbine business; Goldman Sachs maintained buy rating with target of Rs 3315

Tue 29 Sep 2026

Stock gain since April

over 100 percent

Facility combined area

15000 square meters

Goldman Sachs target price

Rs 3315 per share

Phase one capacity

95000 square meters

Phase two capacity addition

67000 square meters

Heard on Live TV News Channel between 14:42:00 - 14:43:15 IST.

• Stock hit a new all-time high, gaining over 100% since April 2025, with highest volumes since June 2025.
• Company inaugurated two dedicated facilities (combined area over 15,000 sq m) for GE Vernova's gas turbine business, manufacturing airfoils and machine parts, taking total dedicated facilities to six since 2024 listing.
• Goldman Sachs maintained a buy rating with a 12-month target of Rs 3315, citing phase one capex of 95,000 sq m (5x legacy plant) and a planned phase two adding 67,000 sq m.
• Goldman noted sizeable order book giving revenue visibility; management highlighted revenue inflection from H2 FY27 and long-term margin guidance of 32-35% versus current 37-38%.
• Eight planned dedicated plants could give combined revenue potential of around Rs 1,200 crore; nine analysts track the stock with return potential of negative 4.4%.
• A guest cautioned that valuations are high at about 130 times earnings, with return on equity around 9% and limited operating leverage.

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