Azad Engineering Limited (AZAD) - Net Assets
Based on the latest financial reports, Azad Engineering Limited (AZAD) has net assets worth Rs14.78 Billion INR (≈ $159.81 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs19.55 Billion ≈ $211.48 Million USD) and total liabilities (Rs4.78 Billion ≈ $51.66 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. Check AZAD financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs14.78 Billion |
| % of Total Assets | 75.57% |
| Annual Growth Rate | 97.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 68.9 |
Azad Engineering Limited - Net Assets Trend (2021–2025)
This chart illustrates how Azad Engineering Limited's net assets have evolved over time, based on quarterly financial data. Also explore Azad Engineering Limited (AZAD) total assets for the complete picture of this company's asset base.
Annual Net Assets for Azad Engineering Limited (2021–2025)
The table below shows the annual net assets of Azad Engineering Limited from 2021 to 2025. For live valuation and market cap data, see Azad Engineering Limited (AZAD) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 192.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.61 Billion | 18.71% |
| Common Stock | Rs129.16 Million | 0.93% |
| Other Comprehensive Income | Rs-191.87 Million | -1.38% |
| Other Components | Rs11.39 Billion | 81.74% |
| Total Equity | Rs13.94 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 |
|---|---|
|
NV5 Global Inc
NASDAQ:NVEE
|
$1.51 Billion |
|
Shenzhen Xinyichang Technology Co. Ltd. A
SHG:688383
|
$1.51 Billion |
|
Kosmos Energy Ltd
NYSE:KOS
|
$1.51 Billion |
|
Telecom Argentina S.A
F:TEO
|
$1.51 Billion |
|
Shenzhen Beauty Star Co Ltd
SHE:002243
|
$1.51 Billion |
|
Lier Chemical Co Ltd
SHE:002258
|
$1.51 Billion |
|
Storskogen Group AB Series B
ST:STOR-B
|
$1.51 Billion |
|
Zhejiang Shibao Co Ltd
SHE:002703
|
$1.51 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 2024 to 2025, total equity changed from 6,450,630,000 to 13,937,900,000, a change of 7,487,270,000 (116.1%).
- Net income of 873,180,000 contributed positively to equity growth.
- New share issuances of 7,000,200,000 increased equity.
- Other comprehensive income decreased equity by 226,570,000.
- Other factors decreased equity by 159,540,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs873.18 Million | +6.26% |
| Share Issuances | Rs7.00 Billion | +50.22% |
| Other Comprehensive Income | Rs-226.57 Million | -1.63% |
| Other Changes | Rs-159.54 Million | -1.14% |
| Total Change | Rs- | 116.07% |
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: 9.25x
- 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 140.80x to 9.25x 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 | Rs2164.90 | x |
| 2022-03-31 | Rs19.30 | Rs2164.90 | x |
| 2023-03-31 | Rs32.80 | Rs2164.90 | x |
| 2024-03-31 | Rs123.34 | Rs2164.90 | x |
| 2025-03-31 | Rs234.01 | Rs2164.90 | 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): 6.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.68%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.33x
- Recent ROE (6.26%) is below the historical average (11.34%), 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 |
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: $41,730,482,048
- Average return on equity (ROE) among peers: 16.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azad Engineering Limited (AZAD) | Rs14.78 Billion | 12.65% | 0.32x | $1.51 Billion |
| Aaron Industries Limited (AARON) | $550.00K | 66.55% | 18.36x | $31.35 Million |
| Ador Welding Limited (ADORWELD) | $1.47 Billion | 17.36% | 0.26x | $184.52 Million |
| The Anup Engineering Limited (ANUP) | $3.37 Billion | 15.88% | 0.28x | $446.74 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $37.09 Million | 13.75% | 4.00x | $8.50 Million |
| Bharat Heavy Electricals Limited (BHEL) | $323.31 Billion | 1.36% | 0.97x | $13.27 Billion |
| Cummins India Limited (CUMMINSIND) | $51.45 Billion | 18.15% | 0.38x | $15.79 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $-6.22 Billion | 0.00% | 0.00x | $899.30 Million |
| Diffusion Engineers Ltd (DIFFNKG) | $1.91 Billion | 16.05% | 0.44x | $120.60 Million |
| Ducon Infratechnologies Limited (DUCON) | $236.88 Million | 0.26% | 0.31x | $11.42 Million |
About Azad Engineering Limited
Azad Engineering Limited manufactures and sells precision-engineered components in India and internationally. The company offers aerospace, including airfoils/blades for aircraft engines and APUs, body valve, housing mount, housing compressor, fan blisk, mixed flow impeller, housing fan, shell and housing, air frames, aero structure, turbine wheel, nozzle, unison ring, lever arm, hydraulic, fuel … Read more