Azad Engineering Limited Net Assets
Azad Engineering Limited net assets. Based on the latest financial reports, Azad Engineering Limited (AZAD) has net assets worth Rs15.29 Billion INR (≈ $165.34 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs22.00 Billion ≈ $237.93 Million USD) and total liabilities (Rs6.71 Billion ≈ $72.59 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Azad Engineering Limited annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs15.29 Billion |
| % of Total Assets | 69.49% |
| Annual Growth Rate | 75.87% |
| 5-Year Change | 1173.96% |
| 10-Year Change | N/A |
| Growth Volatility | 73.21 |
Net Assets of Azad Engineering Limited (2021–2026)
Net assets of Azad Engineering Limited from 2021 to 2026. This chart illustrates how Azad Engineering Limited's net assets have evolved over time, based on quarterly financial data. See AZAD net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Azad Engineering Limited (2021–2026)
The table below shows the annual net assets of Azad Engineering Limited from 2021 to 2026. For live market cap and overall valuation, see Azad Engineering Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs15.29 Billion ≈ $165.34 Million |
+9.75% |
| 2025-03-31 | Rs13.93 Billion ≈ $150.65 Million |
+115.95% |
| 2024-03-31 | Rs6.45 Billion ≈ $69.76 Million |
+216.23% |
| 2023-03-31 | Rs2.04 Billion ≈ $22.06 Million |
+69.98% |
| 2022-03-31 | Rs1.20 Billion ≈ $12.98 Million |
+32.03% |
| 2021-03-31 | Rs908.92 Million ≈ $9.83 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Azad Engineering Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 341.7% over the analyzed period, indicating profitable operations and earnings retention.
Azad Engineering Limited Net Assets Breakdown (March 2026)
Azad Engineering Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.94 Billion | 25.75% |
| Common Stock | Rs129.16 Million | 0.84% |
| Other Components | Rs11.22 Billion | 73.41% |
| Total Equity | Rs15.29 Billion | 100.00% |
Azad Engineering Limited Competitors by Market Cap
The table below lists competitors of Azad Engineering Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Cnano Technology Co Ltd
SHG:688116
|
$1.75 Billion |
|
Shenzhen Topband Co Ltd
SHE:002139
|
$1.76 Billion |
|
Lakefront Biotherapeutics NV
NASDAQ:LKFT
|
$1.76 Billion |
|
Mayora Indah Tbk
JK:MYOR
|
$1.76 Billion |
|
Petrokent Turizm AS
IS:PKENT
|
$1.75 Billion |
|
STELLAR BANCORP DL -01
F:C9N0
|
$1.75 Billion |
|
Beijer Alma AB (publ)
ST:BEIA-B
|
$1.75 Billion |
|
StoneCo Ltd
NASDAQ:STNE
|
$1.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azad Engineering Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 13,937,900,000 to 15,288,980,000, a change of 1,351,080,000 (9.7%).
- Net income of 1,328,770,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 191,870,000.
- Other factors decreased equity by 169,560,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.33 Billion | +8.69% |
| Other Comprehensive Income | Rs191.87 Million | +1.25% |
| Other Changes | Rs-169.56 Million | -1.11% |
| Total Change | Rs- | 9.69% |
Book Value vs Market Value Analysis
This analysis compares Azad Engineering Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 163.18x to 10.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | Rs15.38 | Rs2509.10 | x |
| 2022-03-31 | Rs19.30 | Rs2509.10 | x |
| 2023-03-31 | Rs32.80 | Rs2509.10 | x |
| 2024-03-31 | Rs123.34 | Rs2509.10 | x |
| 2025-03-31 | Rs234.01 | Rs2509.10 | x |
| 2026-03-31 | Rs236.68 | Rs2509.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azad Engineering Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.04%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.44x
- Recent ROE (8.69%) is below the historical average (10.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.65% | 9.73% | 0.46x | 2.82x | Rs24.11 Million |
| 2022 | 24.55% | 15.89% | 0.46x | 3.37x | Rs174.56 Million |
| 2023 | 4.15% | 3.51% | 0.41x | 2.89x | Rs-119.26 Million |
| 2024 | 9.08% | 17.85% | 0.41x | 1.24x | Rs-59.26 Million |
| 2025 | 6.26% | 19.68% | 0.24x | 1.33x | Rs-520.61 Million |
| 2026 | 8.69% | 22.04% | 0.27x | 1.44x | Rs-200.13 Million |
Industry Comparison
This section compares Azad Engineering Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $32,058,596,398
- Average return on equity (ROE) among peers: 15.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azad Engineering Limited (AZAD) | Rs15.29 Billion | 12.65% | 0.44x | $1.75 Billion |
| Aaron Industries Limited (AARON) | $121.73 Million | 15.83% | 0.79x | $30.85 Million |
| Ador Welding Limited (ADORWELD) | $5.07 Billion | 11.84% | 0.37x | $184.52 Million |
| The Anup Engineering Limited (ANUP) | $1.69 Billion | 18.87% | 0.30x | $289.57 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $364.70 Million | 17.27% | 0.48x | $6.92 Million |
| Bharat Heavy Electricals Limited (BHEL) | $265.07 Billion | 1.68% | 1.12x | $14.87 Billion |
| Cummins India Limited (CUMMINSIND) | $12.34 Billion | 26.33% | 0.63x | $13.59 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $1.37 Billion | 33.38% | 1.36x | $2.26 Billion |
| Diffusion Engineers Ltd (DIFFNKG) | $1.05 Billion | 11.13% | 0.50x | $163.23 Million |
| Ducon Infratechnologies Limited (DUCON) | $1.46 Billion | 0.29% | 0.91x | $4.57 Million |
About Azad Engineering Limited
Azad Engineering Limited manufactures and sells precision-engineered components for energy and power generation, aerospace and defence, and oil and gas industries in India and internationally. It offers fixed air foil, last stage air foil rotary, welding chamfers, last stage air foil stationary, stator and rotor air foils, compressor air foils, hot gas parts, slips, drill bits, hatch cover, bonne… Read more