Azure Power Global logo

Azure Power Global(OTC) AZREF

Market Cap$64.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2016)-93%
5 Year-95%
1 Year+0%
1 Month+0%
$1.00
+0.00%
+0.00Today
Azure Power Global last closing stock price
MetricPriceDate
Last closeUSD 1.002026-10-23
Azure Power Global stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.99%USD 1.012026-10-16
1 month+0%USD 1.002026-09-23
3 month+0%USD 1.002026-07-23
Year to date+0%USD 1.002025-12-31
1 year+0%USD 1.002025-10-23
3 year-28.57%USD 1.402023-10-24
5 year-95.47%USD 22.082021-10-22
Since inception-92.96%USD 14.202016-10-12

Azure Power Global Financials at a Glance

Market Cap

$64.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

₹21.31B

Net Income (TTM)

-₹3.35B

EPS (TTM)

$0.00

P/E Ratio

0.00

Dividend

$0.00

Beta (Volatility)

1.60 (High)

Price

$1.00

Volume

75,001

Open

$1.00

Previous Close

$1.00

Daily Range

$1.00 - $1.00

52-Week Range

$0.01 - $1.40

Estimated Earnings Date

Feb 27, 2026

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About Azure Power Global

Azure Power Global Limited is an autonomous Indian entity focused on providing sustainable energy solutions as a power producer. The company specializes in the development, construction, and management of utility-scale solar, wind, and hybrid renewable energy installations.

Products and Services
  • Utility-scale solar energy projects
  • Wind energy installations
  • Hybrid renewable energy solutions
Growth Outlook
  • Current renewable energy portfolio stands at approximately 7.4 GW
  • 2.9 GW operational, with 4.5 GW under construction or in the pipeline
  • Strong demand for clean energy solutions in India supports future growth
Financial Highlights
  • Recent quarterly revenue of 5.05 billion INR, reflecting stable performance
  • Gross profit margin of 90% indicates strong operational efficiency
  • Current ratio of 1.93 suggests good short-term financial health
Azure Power Global Limited operates in the renewable utilities sector, capitalizing on the growing demand for sustainable energy in India. The company has established a significant presence with a diverse portfolio of renewable energy projects. With a focus on utility-scale solar and wind energy, Azure Power is well-positioned to benefit from the increasing shift towards clean energy solutions. The company's operational efficiency is highlighted by its impressive gross profit margin, while its current ratio indicates a solid financial footing. As the renewable energy market continues to expand, Azure Power's strategic initiatives and robust project pipeline may offer promising opportunities for growth.
AI Generated • Oct 18, 2026

Industry

Independent Power and Renewable Electricity Producers

Sector

Utilities

Employees

427

CEO

Sunil Kumar Gupta, MBA

Headquarters

Gurugram, HA 122002, IN

AZREF Financials

Key Financial Metrics (TTM)

Gross Margin

91.09%

Operating Margin

55.40%

Net Income Margin

-12.72%

Return on Equity

-8.81%

Return on Capital

7.50%

Return on Assets

-1.54%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$64.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

64.17M

Volume

75.00K

Avg. Volume

9.06K

Financials (TTM)

Gross Profit

₹19.39B

Operating Income

₹8.11B

EBITDA

₹13.52B

Operating Cash Flow

₹3.34B

Capital Expenditure

-₹394.00M

Free Cash Flow

₹2.95B

Cash & ST Invst.

₹7.47B

Total Debt

₹126.78B

Azure Power Global Performance Analysis

Azure Power Global annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-03-31INR 246,173,808N/A
20232023-03-31INR 258,225,5974.9%
20242024-03-31INR 257,381,738-0.3%
20252025-03-31INR 242,741,592-5.7%
Azure Power Global sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12023-06-307.9%
Q22023-09-30N/A
Q32023-12-31-9.8%
Q42024-03-31N/A
Azure Power Global annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-03-31INR -0.56N/A
20232023-03-31INR -0.44-20.2%
20242024-03-31INR -0.6342.1%
20252025-03-31INR -0.58-8.4%
Azure Power Global sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12023-06-30-1340.0%
Q22023-09-30N/A
Q32023-12-31-129.0%
Q42024-03-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2024YOY CHG

Revenue

₹5.05B

-2.7%

Gross Profit

₹4.55B

-3.4%

Gross Margin

90.00%

N/A

Market Cap

$64.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$150.27K

N/A

Employees

427

N/A

Net Income

-₹1.16B

-3178.9%

EBITDA

₹2.95B

-23.4%

Quarterly Fundamentals

Name
Q4 2024YOY CHG

Total Cash

₹7.47B

-41.3%

Total Debt

₹126.78B

-6.2%

Accounts Receivable

₹4.62B

-19.1%

Inventory

₹13.00M

+0.0%

Long Term Debt

₹80.50B

-31.5%

Short Term Debt

₹46.28B

+163.8%

Return on Assets

-1.54%

N/A

Return on Invested Capital

7.35%

N/A

Free Cash Flow

-₹49.00M

-103.4%

Operating Cash Flow

-₹88.00M

-104.0%

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Questions About AZREF

What is the current price of Azure Power Global?

Azure Power Global is trading at $1.00 per share.

What is the 52-week range for Azure Power Global?

Over the past 52 weeks, Azure Power Global has traded between $0.01 and $1.40.

How much debt does Azure Power Global have?

As of the most recent reporting period, Azure Power Global reported total debt of ₹1.45B.

How much cash does Azure Power Global have on hand?

Azure Power Global reported ₹208.98M in cash and cash equivalents in its most recent financial results.

What is Azure Power Global’s dividend yield?

Azure Power Global does not currently have a dividend yield.

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