Azad Engineering Limited (AZAD) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.051x

Based on the latest financial reports, Azad Engineering Limited (AZAD) has a cash flow conversion efficiency ratio of -0.051x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-758.90 Million ≈ $-8.21 Million USD) by net assets (Rs14.78 Billion ≈ $159.81 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Azad Engineering Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Azad Engineering Limited - Cash Flow Conversion Efficiency Trend (2021–2026)

This chart illustrates how Azad Engineering Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Azad Engineering Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Azad Engineering Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Immunocore Holdings Ltd NASDAQ:IMCR	-0.011x
Avanti Feeds Limited NSE:AVANTIFEED	0.257x
FLEX LNG Ltd OL:FLNG	0.035x
Global Partners LP NYSE:GLP	-0.114x
REX American Resources Corporation NYSE:REX	-0.003x
Chengdu ALD Aviation Manufacturing Corp SHE:300696	-0.006x
Autek China Inc SHE:300595	0.031x
Guangdong Yizumi Precision Machinery Co Ltd SHE:300415	-0.008x

Annual Cash Flow Conversion Efficiency for Azad Engineering Limited (2021–2026)

The table below shows the annual cash flow conversion efficiency of Azad Engineering Limited from 2021 to 2026. For the full company profile with market capitalisation and key ratios, see Azad Engineering Limited (AZAD) total market value.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs15.29 Billion ≈ $165.34 Million	Rs-1.19 Billion ≈ $-12.87 Million	-0.078x	-301.98%
2025-03-31	Rs13.93 Billion ≈ $150.65 Million	Rs536.67 Million ≈ $5.80 Million	0.039x	+457.63%
2024-03-31	Rs6.45 Billion ≈ $69.76 Million	Rs-69.49 Million ≈ $-751.51K	-0.011x	+78.48%
2023-03-31	Rs2.04 Billion ≈ $22.06 Million	Rs-102.09 Million ≈ $-1.10 Million	-0.050x	-128.68%
2022-03-31	Rs1.20 Billion ≈ $12.98 Million	Rs209.39 Million ≈ $2.26 Million	0.174x	+3021.84%
2021-03-31	Rs908.92 Million ≈ $9.83 Million	Rs5.08 Million ≈ $54.94K	0.006x	--

About Azad Engineering Limited

NSE:AZAD India Specialty Industrial Machinery

Market Cap

$1.44 Billion

Rs133.54 Billion INR

Market Cap Rank

#7525 Global

#362 in India

Share Price

Rs2067.70

Change (1 day)

-4.44%

52-Week Range

Rs1366.50 - Rs2315.60

All Time High

Rs2315.60