Azad India Mobility share price & results
- Jun 2026
- Sept 2026
Holding company (formerly Indian Bright Steel Co.) now focused on manufacturing, assembly and trading of electric buses, operating through subsidiaries Azad Coach Builders (bus/coach bodies) and NAE Mobility (EVs, Bengaluru).
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 16.5 | +113.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | +3.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.78 | +1014.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 3.25 | +2.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 340.79 | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −90.6% 1Y
1Y: ₹155.2 on 24 Oct 2025 → ₹14.58. High ₹173.55 (3 Nov 2025), low ₹14.29 (26 Oct 2026).
- Previous close
- ₹14.29
- Market cap
- ₹389 Cr
- 52-week range
- ₹14.29 – ₹173.55
- One year
- −90.97%
- Price to earnings (TTM to Jun 2026)
- 126.30×
- Return on equity (TTM to Jun 2026)
- 3.25%
Overview
- Symbol
- NSE:AZADIND
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What AZAD INDIA MOBILITY LIMITED does
Based on the company's own presentations, annual report and earnings calls.
Azad India Mobility Ltd, formerly known as Indian Bright Steel Co. Limited, repositioned itself in FY 2024-25 toward the manufacturing, assembly and trading of electric buses. The company runs this business through two wholly-owned subsidiaries: Azad Coach Builders Pvt Ltd, which manufactures bus and coach bodies, and NAE Mobility Private Ltd, based in Bengaluru, Karnataka, which manufactures electric vehicles. The parent company itself is asset-light, with the operating scale sitting largely inside these subsidiaries.
Segments
- Electric bus/coach manufacturing
- Electric vehicle manufacturing
- Business focus
- Manufacturing, assembly & trading of electric buses
- Wholly-owned subsidiaries
- 2 (Azad Coach Builders Pvt Ltd — bus/coach bodies; NAE Mobility Pvt Ltd — electric vehicles, Bengaluru)
- Permanent employees (standalone company)
- 5, as on 31 March 2025
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2024 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1014% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 9 | 8 | 20 | 29 | 9 | 16 |
| Expenses | 0 | 0 | 9 | 8 | 20 | 28 | 7 | 16 |
| Operating profit | -0 | -0 | 0 | -0 | 0 | 0 | 2 | 0 |
| Operating margin | — | — | 1.1% | −1.0% | 0.3% | 0.8% | 21.8% | 2.5% |
| Other income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0 | 0 | 0 | 0 | 1 | 2 | 1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 35.3% | 0.0% |
| Net profit | 0 | -0 | 0 | 0 | 0 | 1 | 1 | 1 |
| EPS (₹ per share) | 0.01 | -0.02 | 0.01 | 0 | 0.01 | 0.02 | 0.05 | 0.03 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 0 | 9 | 65 |
| Expenses | 0 | 10 | 63 |
| Operating profit | -0 | -1 | 2 |
| Other income | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | -0 | -0 | 3 |
| Net profit | -0 | -0 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 24 | 35 | 54 | 54 |
| Reserves | -1 | -1 | 19 | 24 | 74 | 76 |
| Borrowings | 0 | 0 | 0 | 2 | 1 | 0 |
| Other liabilities | 0 | 0 | 0 | 4 | 7 | 17 |
| Total liabilities | 0 | 0 | 43 | 65 | 136 | 147 |
| Fixed assets | 0 | 0 | 0 | 1 | 8 | 1 |
| Capital work in progress | 0 | 0 | 0 | 3 | 3 | 4 |
| Investments | 0 | 0 | 0 | 3 | 0 | 15 |
| Other assets | 0 | 0 | 43 | 59 | 125 | 128 |
| Total assets | 0 | 0 | 43 | 65 | 136 | 147 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | -1 | -51 | -41 |
| Cash from investing | 0 | -5 | -13 |
| Cash from financing | 0 | 15 | 68 |
| Net cash flow | -1 | -42 | 15 |
| Free cash flow | -1 | -55 | -42 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | — | — | — | — | 80 | 161 |
| Inventory days | — | — | — | — | 772 | 112 |
| Days payable | — | — | — | — | 76 | 100 |
| Cash conversion cycle | — | — | — | — | 776 | 174 |
| Working capital days | — | — | — | — | 2040 | 521 |
| Return on capital employed | −17.0% | −52.9% | −43.9% | −6.0% | −0.2% | 3.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Foreign institutions hold 48.70% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 15.53%
- Foreign institutions 48.70%
- Domestic institutions 0.00%
- Public 35.77%
Who is on the register
Named in the Sep 2026 filing
Every holder of AZAD INDIA MOBILITY LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| FPI fund | 13.78% | unchanged |
| FPI fund | 10.75% | unchanged |
| 9.92% | unchanged | |
| 9.32% | unchanged | |
| 6.21% | unchanged | |
| 6.11% | unchanged | |
| 5.57% | −0.08 pp | |
| FPI fund | 5.51% | unchanged |
| FPI fund | 4.68% | unchanged |
| 4.41% | unchanged | |
| FPI fund | 4.40% | unchanged |
| FPI fund | 3.77% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for AZAD INDIA MOBILITY LIMITED
Free account: one company. Everything above stays public.
Write why you follow AZAD INDIA MOBILITY LIMITED and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Capital Goods companies
Learn to analyse AZAD INDIA MOBILITY LIMITED
Guides on how to read this kind of business and the numbers that matter.