Azure Power Global Limited
Azure Power Global Limited operates as a renewable energy developer and independent renewable power producer in India. It builds, owns, and operates grid-scale renewable energy projects; and supplies renewable energy to government utilities, and independent industrial and commercial customers on a long-term power purchase agreement. The company has an operating capacity of 3,041 megawatts, includ… Read more
Azure Power Global Limited (AZREF) - Net Assets
Latest net assets as of March 2024: $32.79 Billion USD
Based on the latest financial reports, Azure Power Global Limited (AZREF) has net assets worth $32.79 Billion USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($179.94 Billion) and total liabilities ($147.15 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.79 Billion |
| % of Total Assets | 18.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | 9108.29% |
| 10-Year Change | 77083.8% |
| Growth Volatility | 2000.08 |
Azure Power Global Limited - Net Assets Trend (2014–2025)
This chart illustrates how Azure Power Global Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Azure Power Global Limited (2014–2025)
The table below shows the annual net assets of Azure Power Global Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $30.80 Billion | -6.07% |
| 2024-03-31 | $32.79 Billion | -7.74% |
| 2023-03-31 | $35.53 Billion | +6703.78% |
| 2022-03-31 | $522.28 Million | +56.17% |
| 2021-03-31 | $334.44 Million | -7.04% |
| 2020-03-31 | $359.77 Million | -1.87% |
| 2019-03-31 | $366.61 Million | +80.12% |
| 2018-03-31 | $203.54 Million | -11.40% |
| 2017-03-31 | $229.73 Million | +475.78% |
| 2016-03-31 | $39.90 Million | -83.87% |
| 2015-03-31 | $247.36 Million | +210.56% |
| 2014-03-31 | $-223.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Azure Power Global 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 decreased by 2232769300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00 Million | 0.01% |
| Other Comprehensive Income | $-2.06 Billion | -6.74% |
| Other Components | $56.72 Billion | 185.41% |
| Total Equity | $30.59 Billion | 100.00% |
Azure Power Global Limited Competitors by Market Cap
The table below lists competitors of Azure Power Global Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sea & Land Integrated Co
TWO:5603
|
$35.78 Million |
|
MRS LogÃstica S.A.
SA:MRSA3B
|
$35.78 Million |
|
HS Valve Co. Ltd
KQ:039610
|
$35.81 Million |
|
Jaeren Sparebank
OL:JAREN
|
$35.81 Million |
|
Powernet Technologies Corp.
KQ:037030
|
$35.76 Million |
|
Kumkang Kind Co Ltd
KO:014285
|
$35.76 Million |
|
Balatacilar Balatacilik Sanayi ve Ticaret AS
IS:BALAT
|
$35.75 Million |
|
Den Networks Limited
NSE:DEN
|
$35.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azure Power Global Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 32,219,000,000 to 30,593,000,000, a change of -1,626,000,000 (-5.0%).
- Net loss of 3,131,000,000 reduced equity.
- Other comprehensive income increased equity by 1,522,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.13 Billion | -10.23% |
| Other Comprehensive Income | $1.52 Billion | +4.97% |
| Other Changes | $-17.00 Million | -0.06% |
| Total Change | $- | -5.05% |
Book Value vs Market Value Analysis
This analysis compares Azure Power Global 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: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | $-13.85 | $1.20 | x |
| 2015-03-31 | $14.38 | $1.20 | x |
| 2016-03-31 | $1.87 | $1.20 | x |
| 2017-03-31 | $7.77 | $1.20 | x |
| 2018-03-31 | $7.15 | $1.20 | x |
| 2019-03-31 | $10.39 | $1.20 | x |
| 2020-03-31 | $8.07 | $1.20 | x |
| 2021-03-31 | $491.62 | $1.20 | x |
| 2022-03-31 | $10.09 | $1.20 | x |
| 2023-03-31 | $544.05 | $1.20 | x |
| 2024-03-31 | $502.12 | $1.20 | x |
| 2025-03-31 | $476.78 | $1.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azure Power Global 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): -10.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.26%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 5.68x
- Recent ROE (-10.23%) is above the historical average (-75.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | -84.93% | 0.10x | 0.00x | $-725.10 Million |
| 2015 | -757.12% | -163.52% | 0.06x | 82.06x | $-1.86 Billion |
| 2016 | -74.02% | -63.97% | 0.09x | 13.46x | $-29.13 Million |
| 2017 | -8.91% | -29.09% | 0.07x | 4.35x | $-38.51 Million |
| 2018 | -6.91% | -10.74% | 0.11x | 6.11x | $-31.41 Million |
| 2019 | 0.31% | 0.79% | 0.09x | 4.33x | $-35.15 Million |
| 2020 | -8.96% | -17.51% | 0.10x | 4.90x | $-67.71 Million |
| 2021 | -17.35% | -27.61% | 7.50x | 0.08x | $-6.63 Billion |
| 2022 | -5.50% | -11.47% | 0.10x | 4.90x | $-79.59 Million |
| 2023 | -6.55% | -11.01% | 0.11x | 5.46x | $-5.78 Billion |
| 2024 | -10.38% | -15.70% | 0.12x | 5.58x | $-6.57 Billion |
| 2025 | -10.23% | -15.26% | 0.12x | 5.68x | $-6.19 Billion |
Industry Comparison
This section compares Azure Power Global Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azure Power Global Limited (AZREF) | $32.79 Billion | 0.00% | 4.49x | $35.77 Million |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |