Eric On - Azure Power Director
| AZREDelisted Stock | USD 0.34 1.24 78.48% |
Director
Mr. Eric Ng Yim On is a Director of Azure Power Global Limited., and is one of our resident directors in Mauritius. Mr. Ng was the chief executive officer of AAA Global Services Ltd. since 2006. Prior to founding AAA Global Services Ltd., Mr. Ng worked for several years with a leading public company listed on the Stock Exchange of Mauritius and served on the board of the holding company as well as its subsidiary companies. Mr. Ng completed his secondary education at the Royal College Curepipe in Mauritius and holds various professional qualifications and memberships, including being a member of the Institute of Chartered Accountants of England and Wales, a member of the International Fiscal Association and a member of the Mauritius Institute of Professional Accountants. since 2015.
| Age | 48 |
| Tenure | 9 years |
| Phone | 91 11 4940 9800 |
| Web | https://www.azurepower.com |
Azure Power Management Efficiency
The company has return on total asset (ROA) of 0.048 % which means that it generated a profit of $0.048 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1178) %, meaning that it created substantial loss on money invested by shareholders. Azure Power's management efficiency ratios could be used to measure how well Azure Power manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 107.17 B in liabilities with Debt to Equity (D/E) ratio of 5.19, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Azure Power Global has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Azure Power until it has trouble settling it off, either with new capital or with free cash flow. So, Azure Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Azure Power Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Azure to invest in growth at high rates of return. When we think about Azure Power's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -0.12 | |||
| Return On Asset | 0.048 |
Azure Power Global Leadership Team
Elected by the shareholders, the Azure Power's board of directors comprises two types of representatives: Azure Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Azure. The board's role is to monitor Azure Power's management team and ensure that shareholders' interests are well served. Azure Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Azure Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Glen Minyard, Senior Vice President - Research & Development | ||
| Gaurang Sethi, Vice President - Bidding | ||
| Sarvesh Singh, Head - Supply Chain Management (Procurement) | ||
| Mili Saxena, Head - Human Resource | ||
| Cyril Cabanes, Non-Executive Director | ||
| Murali Subramanian, President, Chief Operating Officer | ||
| Priya Chakrabarti, Head - Human Resource | ||
| Nathan Judge, Head Investor Relations | ||
| Shweta Srivastava, Chief Officer | ||
| Pawan CFA, Chief Officer | ||
| Rupesh Agarwal, Chief CEO | ||
| Preet Sandhu, Executive Vice President, and Heads Land, Corporate Operations and Rooftop business units | ||
| Arno Harris, Non-Executive Independent Director | ||
| Eric On, Director | ||
| Muhammad Peyrye, Non-Executive Independent Director | ||
| Sanjeev Aggarwal, Director | ||
| Barney Rush, Non-Executive Independent Chairman of the Board | ||
| William Elmore, Director | ||
| Yung Leung, Non-Executive Independent Director | ||
| Kapil Kumar, Senior General Manager of Operations & Maintenance | ||
| Mangalath Unnikrishnan, Non-Executive Director | ||
| Deepak Malhotra, Non-Executive Director | ||
| Mohor Sen, Senior Vice President - Human Resources | ||
| M Unnikrishnan, Non-Executive Director | ||
| Akriti Gandotra, Head - Legal | ||
| Harkanwal Wadhwa, COO, Director | ||
| Surendra Gupta, CFO | ||
| Sumit Barat, Chief Sustainability Officer | ||
| Robert Kelly, Director | ||
| Vikas Bansal, Head - Investor Relations | ||
| Inderpreet Wadhwa, CEO, Director | ||
| Samitla Subba, Vice President - Corporate Affairs Policy and Communications | ||
| Supriya Sen, Non-Executive Independent Director | ||
| Sandeep Chopra, Strategy and Supply Chain Management Head | ||
| Kuldeep Jain, Senior Vice President of Project Development and Head Construction | ||
| Ranjit Gupta, Chief Executive Officer, Managing Director, Director | ||
| Pawan Agrawal, Chief Financial Officer |
Azure Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Azure Power a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.12 | |||
| Return On Asset | 0.048 | |||
| Profit Margin | (0.17) % | |||
| Operating Margin | 0.68 % | |||
| Current Valuation | 115.12 B | |||
| Shares Outstanding | 64.16 M | |||
| Shares Owned By Institutions | 91.70 % | |||
| Number Of Shares Shorted | 787.11 K | |||
| Price To Earning | (20.31) X | |||
| Price To Book | 1.10 X |
Pair Trading with Azure Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Azure Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Azure Power will appreciate offsetting losses from the drop in the long position's value.Moving against Azure Stock
| 0.68 | MDH | MDH Acquisition Corp | PairCorr |
| 0.64 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
| 0.59 | CVI | CVR Energy Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Azure Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azure Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Azure Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Azure Power Global to buy it.
The correlation of Azure Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azure Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azure Power Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Azure Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in Azure Stock
If you are still planning to invest in Azure Power Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Azure Power's history and understand the potential risks before investing.
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