AZURE POWER GLOBAL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1 USD | 0.00% |
|
-3.85% | -20.00% |
| Mar. 28 | Azure Power Global Limited Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
| Mar. 19 | India's Adani Green says aware of US probe into third party, denies relationship | RE |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 22,417 | 31,918 | 54,888 | 95,791 | 81,068 | 13,121 |
| Enterprise Value (EV) 1 | 66,631 | 93,145 | 138,808 | 191,849 | 194,887 | 135,535 |
| P/E ratio | -27.1 x | 338 x | -21.9 x | -22.7 x | -30.5 x | -5.74 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.91 x | 3.22 x | 4.24 x | 6.29 x | 4.42 x | 0.63 x |
| EV / Revenue | 8.65 x | 9.38 x | 10.7 x | 12.6 x | 10.6 x | 6.53 x |
| EV / EBITDA | 11.3 x | 12.1 x | 14.8 x | 17 x | 13.2 x | 9.53 x |
| EV / FCF | -3.45 x | -4.37 x | -6.66 x | -13.6 x | -5.92 x | -20.2 x |
| FCF Yield | -29% | -22.9% | -15% | -7.37% | -16.9% | -4.95% |
| Price to Book | 1.85 x | 1.27 x | 2.03 x | 3.95 x | 1.65 x | 0.38 x |
| Nbr of stocks (in thousands) | 25,985 | 40,939 | 47,636 | 48,170 | 64,161 | 64,161 |
| Reference price 2 | 862.7 | 779.6 | 1,152 | 1,989 | 1,263 | 204.5 |
| Announcement Date | 6/15/18 | 6/10/19 | 6/19/20 | 7/28/21 | 3/28/24 | 3/28/24 |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,701 | 9,926 | 12,958 | 15,236 | 18,341 | 20,748 |
| EBITDA 1 | 5,917 | 7,720 | 9,362 | 11,315 | 14,723 | 14,229 |
| EBIT 1 | 4,046 | 5,606 | 6,518 | 8,108 | 11,010 | 10,122 |
| Operating Margin | 52.55% | 56.48% | 50.3% | 53.22% | 60.03% | 48.79% |
| Earnings before Tax (EBT) 1 | -1,275 | 291.3 | -1,848 | -3,905 | -810 | 341 |
| Net income 1 | -827.1 | 78.4 | -2,269 | -4,206 | -2,104 | -2,285 |
| Net margin | -10.74% | 0.79% | -17.51% | -27.61% | -11.47% | -11.01% |
| EPS 2 | -31.84 | 2.310 | -52.71 | -87.66 | -41.36 | -35.61 |
| Free Cash Flow 1 | -19,318 | -21,307 | -20,855 | -14,144 | -32,898 | -6,706 |
| FCF margin | -250.87% | -214.65% | -160.95% | -92.83% | -179.37% | -32.32% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 6/15/18 | 6/10/19 | 6/19/20 | 7/28/21 | 3/28/24 | 3/28/24 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 44,214 | 61,227 | 83,920 | 96,058 | 113,819 | 122,414 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.472 x | 7.931 x | 8.964 x | 8.489 x | 7.731 x | 8.603 x |
| Free Cash Flow 1 | -19,318 | -21,307 | -20,855 | -14,144 | -32,898 | -6,706 |
| ROE (net income / shareholders' equity) | -7.25% | 0.72% | -8.88% | -16.3% | -6.64% | -6.18% |
| ROA (Net income/ Total Assets) | 3.85% | 3.83% | 3.38% | 3.61% | 4.06% | 3.32% |
| Assets 1 | -21,500 | 2,046 | -67,192 | -116,561 | -51,839 | -68,836 |
| Book Value Per Share 2 | 466.0 | 612.0 | 567.0 | 503.0 | 765.0 | 544.0 |
| Cash Flow per Share 2 | 321.0 | 257.0 | 205.0 | 230.0 | 369.0 | 198.0 |
| Capex 1 | 19,629 | 26,007 | 18,321 | 18,909 | 40,869 | 5,953 |
| Capex / Sales | 254.91% | 262% | 141.39% | 124.11% | 222.83% | 28.69% |
| Announcement Date | 6/15/18 | 6/10/19 | 6/19/20 | 7/28/21 | 3/28/24 | 3/28/24 |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -20.00% | 64.17M | |
| +593.58% | 3.43B | |
| -7.17% | 2.8B | |
| -5.23% | 1.57B | |
| -24.24% | 867M | |
| -5.71% | 850M | |
| -23.49% | 611M | |
| -47.00% | 579M | |
| -9.72% | 560M | |
| +53.28% | 517M |
- Stock Market
- Equities
- AZREF Stock
- Financials Azure Power Global Limited
