Azure Power Global Limited (AZREF)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 0 | 15 | 18 | 21 | 21 | 21 | 21 | - |
| Operating profit | INR bn | 7 | 8 | ||||||
| Net profit | INR bn | -0 | -4 | -2 | -2 | -3 | -3 | -3 | - |
| EPS reported | INR | -48.80 | -52.12 | ||||||
| Operating cashflow per share | INR | 112.3 | 112.3 | ||||||
| Capex per share | INR | 7.09 | 7.09 | ||||||
| FCF per share | INR | 105.2 | 105.2 | ||||||
| Free cash flow | INR bn | 7 | 3 | ||||||
| Net debt | INR bn | 111 | 116 | ||||||
| Book value equity | INR bn | 31 | 32 | ||||||
| Book value per share | INR | 476.8 | 502.1 | ||||||
| Number of shares | m | 64.17 | 64.17 | ||||||
| DPS (TTM paid) | INR | 0.00 | 0.00 |
Financial summary
Financials in INR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 0.25 | 0.24 | ||||||
| P/S LTM | x | 0.37 | 0.36 | ||||||
| P/FCF LTM | x | 1.14 | 2.60 | ||||||
| EV/EBITDA LTM | x | 10.12 | 9.36 | ||||||
| EV/Sales LTM | x | 5.97 | 5.90 | ||||||
| Earnings Yield LTM | % | -40.75% | -51.65% | ||||||
| FCF Yield | % | +87.87% | +38.39% | ||||||
| Quality | |||||||||
| ROE | % | -10.23% | -9.97% | ||||||
| ROIC | % | +4.33% | +4.33% | ||||||
| Operating margin | % | +34.66% | +34.66% | ||||||
| Gross margin | % | +91.16% | +91.16% | ||||||
| FCF/Sales | % | +32.90% | +32.90% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -3.68% | 0.00% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | +129.74% | +0.37% | ||||||
| Operating Profit Growth | % | -8.45% | +4.38% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.05 | 0.02 | ||||||
| Net Debt/EBITDA | x | 9.49 | 9.49 | ||||||
| EBIT/Net interest | x | 0.70 | 0.70 | ||||||
| Net debt/market cap | % | +15.59% | +19.76% | ||||||
| Net debt/Equity | x | 3.63 | 3.59 | ||||||
| Gross debt/equity | x | 4.04 | 3.94 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Azure Power Global Limited, an autonomous Indian entity, specializes in providing sustainable energy solutions and operating as a power producer. The company undertakes the development, construction, and management of utility-scale solar, wind, and hybrid renewable energy installations. It delivers the generated clean electricity to both public sector utilities and private industrial and commercial clients, typically under long-term, fixed-price agreements. Its comprehensive renewable energy portfolio stands at approximately 7.4 gigawatts (GW); of this, roughly 2.9 GW is already operational, with a substantial 4.5 GW either currently under construction or in the pipeline for future development. Established in 2008, Azure Power maintains its headquarters in New Delhi, India.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Azure Power Global Limited, an autonomous Indian entity, specializes in providing sustainable energy solutions and operating as a power producer. The company undertakes the development, construction, and management of utility-scale solar, wind, and hybrid renewable energy installations. It delivers the generated clean electricity to both public sector utilities and private industrial and commercial clients, typically under long-term, fixed-price agreements. Its comprehensive renewable energy portfolio stands at approximately 7.4 gigawatts (GW); of this, roughly 2.9 GW is already operational, with a substantial 4.5 GW either currently under construction or in the pipeline for future development. Established in 2008, Azure Power maintains its headquarters in New Delhi, India.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free