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) - Total Assets
Latest total assets as of March 2024: $179.94 Billion USD
Based on the latest financial reports, Azure Power Global Limited (AZREF) holds total assets worth $179.94 Billion USD as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Azure Power Global Limited - Total Assets Trend (2014–2025)
This chart illustrates how Azure Power Global Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Azure Power Global Limited - Asset Composition Analysis
Current Asset Composition (March 2025)
Azure Power Global Limited's total assets of $179.94 Billion consist of 16.9% current assets and 83.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.0% |
| Accounts Receivable | $4.64 Billion | 2.7% |
| Inventory | $8.00 Million | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $10.00 Million | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2014–2025)
This chart illustrates how Azure Power Global Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Azure Power Global Limited's current assets represent 16.9% of total assets in 2025, a decrease from 21.0% in 2014.
- Cash Position: Cash and equivalents constituted 5.0% of total assets in 2025, down from 17.2% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 2.7% of total assets.
Azure Power Global Limited Competitors by Total Assets
Key competitors of Azure Power Global Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Azure Power Global Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Azure Power Global Limited generates 0.12x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Azure Power Global Limited is currently not profitable relative to its asset base.
Azure Power Global Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.50 | 1.06 | 1.02 |
| Quick Ratio | 0.50 | 1.06 | 0.88 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-28.00 Billion | $ 1.65 Billion | $ 394.00 Million |
Azure Power Global Limited - Advanced Valuation Insights
This section examines the relationship between Azure Power Global Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.18 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -3.5% |
| Total Assets | $173.62 Billion |
| Market Capitalization | $35.77 Million USD |
Valuation Analysis
Below Book Valuation: The market values Azure Power Global Limited's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Azure Power Global Limited's assets decreased by 3.5% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Azure Power Global Limited (2014–2025)
The table below shows the annual total assets of Azure Power Global Limited from 2014 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $173.62 Billion | -3.51% |
| 2024-03-31 | $179.94 Billion | -5.56% |
| 2023-03-31 | $190.54 Billion | +7474.20% |
| 2022-03-31 | $2.52 Billion | +23.88% |
| 2021-03-31 | $2.03 Billion | +16.02% |
| 2020-03-31 | $1.75 Billion | +11.37% |
| 2019-03-31 | $1.57 Billion | +38.54% |
| 2018-03-31 | $1.13 Billion | +28.12% |
| 2017-03-31 | $885.41 Million | +89.81% |
| 2016-03-31 | $466.47 Million | -97.66% |
| 2015-03-31 | $19.92 Billion | +114.83% |
| 2014-03-31 | $9.27 Billion | -- |