What is Azure Power Global Limited (AZREF) stock price today?

Azure Power Global Limited (AZREF) is currently trading at $1.00, up 0% today.

What is AZREF P/E ratio?

Azure Power Global Limited's P/E ratio is -1.98. This is below the market average, suggesting the stock may be undervalued relative to earnings.

What is AZREF return on equity (ROE)?

Azure Power Global Limited's return on equity (ROE) is -9.97%, indicating how efficiently the company generates profit from shareholders' equity. This is below the typical market average of 12-15%.

What is Azure Power Global Limited's market cap?

Azure Power Global Limited has a market capitalization of $64.17M.

OTC · Renewable Utilities

Azure Power Global Limited (AZREF) Stock

$1.00 +0.00% OTC: AZREF Utilities

Valuation

Metric	Value
Price	$1.00
Market Cap	$64.17M
P/E Ratio	-1.98
P/B Ratio	0.20
P/S Ratio	0.30
EPS (TTM)	$-48.80
52-Week High	$1.50
52-Week Low	$0.01
Dividend Yield	0.00%

Financials & Margins

Metric	Value
ROE	-9.97%
ROA	-1.80%
ROCE	4.63%
Gross Margin	91.16%
Operating Margin	34.66%
Net Margin	-15.26%
Debt/Equity	4.04
Current Ratio	1.46

Annual Financials (USD)

Metric	2021	2022	2023	2024	2025
Revenue	$15.2B	$18.3B	$20.7B	$21.3B	$20.5B
Operating Profit	$4.5B	$11.1B	$8.8B	$7.8B	$7.1B
Net Profit	$-4.2B	$-2.1B	$-2.3B	$-3.3B	$-3.1B
EPS	$-87.66	$-41.36	$-35.61	$-52.13	$-48.80
Op Margin	29.7%	60.5%	42.6%	36.5%	34.7%

Balance Sheet (USD)

Metric	2021	2022	2023	2024	2025
Total Assets	$2.0B	$2.5B	$190.5B	$179.9B	$173.6B
Total Liabilities	$1.7B	$2.0B	$155.0B	$147.2B	$142.8B
Cash	$83.0M	$160.0M	$12.7B	$7.5B	$8.7B
Borrowings	$107.2B	$132.6B	$135.1B	$126.8B	$123.6B

Latest News

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Cash Flow (USD)

Metric	2021	2022	2023	2024	2025
Operating Cash Flow	$67.0M	$62.0M	$8.0B	$3.3B	$7.2B
Investing Cash Flow	$-19.2B	$-40.0B	$-12.2B	$-792.0M	$-600.0M
Financing Cash Flow	$-257.0M	$-1.6B	$0	$0	$-105.0M
Net Cash Flow	$641.0M	$7.1B	$-2.3B	$-5.0B	$2.0B
Free Cash Flow	$-188.0M	$-487.0M	$2.0B	$2.9B	$6.8B

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.02
EV / EBITDA	10.00
FCF Yield	108.98%
Quick Ratio	1.46
Interest Coverage	0.70
Return 1Y	150.00%
Return 3Y	100.00%
Return 5Y	-96.20%

Ownership

Insiders Held0.00%

Institutions Held0.48%

Institutions Float Held0.48%

Institutional Holder	Shares	Report Date
Donald Smith & Co., Inc.	270,226	2026-03-31
Your Advocates Ltd., LLP	100	2026-03-31

Peer Comparison

Ticker	Price	Change	P/E	Market Cap	Div Yield
CLMOFClimeon AB (publ)	$0.24	+0.00%	-0.94	$4.23M	0.00%
EWCLFEnergy World Corporation Ltd	$0.04	-5.21%	-7.37	$124.15M	0.00%
GIPIFGreen Impact Partners Inc.	$2.25	+0.00%	-3.59	$47.23M	0.00%
MOTNFPowertap Hydrogen Capital Corp.	$0.00	—	-0.36	$247	0.00%
SHUNFShunfeng International Clean Energy Limited	$0.00	—	-0.24	$10.67M	0.00%

About Azure Power Global Limited

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.

Azure Power Global Limited is headquartered in IN.

Azure Power Global Limited (AZREF) stock trades at $1.00 with a market capitalization of $64.17M. The stock is valued at a price-to-earnings (P/E) ratio of -1.98, price-to-book of 0.20, price-to-sales of 0.30. Over the past 52 weeks the stock has ranged between $0.01 and $1.50, and currently trades 33.3% below its 52-week high.

On profitability, Azure Power Global Limited generates a return on equity (ROE) of -9.97%, return on capital employed of 4.63%, an operating margin of 34.66%, a net profit margin of -15.26%.

Official website: www.azurepower.com