Azad Engineering Limited is one of the key manufacturers of its qualified product lines supplying to global original equipment manufacturers (OEMs) in the energy, aerospace and defence, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. It manufactures complex and highly engineered precision forged and machined components that are mission and life-critical and hence, some of its products have a “zero parts per million” defects requirement.It competes with manufacturers from China, Europe, USA and Japan.

Azad Engineering major competitors are Synergy Green Inds., Sansera Engineering, Genus Power Infra, Inox India, Shriram Pistons, Elecon Engg., NESCO.
Market Cap of Azad Engineering is ₹10,472 Crs.
While the median market cap of its peers are ₹10,077 Crs.

Azad Engineering seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.