AZREF (Azure Power Global) Construction In Progress: $37.9 Mil (As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
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What is Azure Power Global Construction In Progress?

Azure Power Global AZREF 12 Construction In Progress is $37.9 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Azure Power Global's quarterly construction in progress declined from Mar. 2022 ($227.3 Mil) to Mar. 2023 ($69.6 Mil) and declined from Mar. 2023 ($69.6 Mil) to Mar. 2024 ($37.9 Mil).

Azure Power Global's annual construction in progress declined from Mar. 2022 ($227.3 Mil) to Mar. 2023 ($69.6 Mil) and declined from Mar. 2023 ($69.6 Mil) to Mar. 2024 ($37.9 Mil).

Azure Power Global Construction In Progress Historical Data

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The historical data trend for Azure Power Global's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Azure Power Global Construction In Progress Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.13 145.70 227.28 69.57 37.89

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 74.13 145.70 227.28 69.57 37.89
AZREF
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Azure Power Global Ltd AZREF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $37.9 Mil mean?
Azure Power Global (AZREF) has a Construction In Progress of $37.9 Mil as of Mar. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Construction In Progress too high?
Azure Power Global's current Construction In Progress is $37.9 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Construction In Progress compare to SAFX and VGAS?
Azure Power Global's Construction In Progress of $37.9 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Independent Power Producers company?
A good Construction In Progress depends on the Utilities - Independent Power Producers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Azure Power Global and its competitors. Azure Power Global's current Construction In Progress is $37.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Construction In Progress of $37.9 Mil. The current Construction In Progress is $37.9 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Construction In Progress is $37.9 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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