Azure Power Global Limited
Azure Power Global Limited operates as a renewable energy developer and independent renewable power producer in India. It builds, owns, and operates grid-scale renewable energy projects; and supplies renewable energy to government utilities, and independent industrial and commercial customers on a long-term power purchase agreement. The company has an operating capacity of 3,041 megawatts, includ… Read more
Market Cap & Net Worth: Azure Power Global Limited (AZREF)
Azure Power Global Limited (PINK:AZREF) has a market capitalization of $77.00 Million ($77.00 Million) as of March 19, 2026. Listed on the PINK stock exchange, this USA-based company holds position #22808 globally and #8030 in its home market, demonstrating a 33.33% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Azure Power Global Limited's stock price $1.20 by its total outstanding shares 64166360 (64.17 Million).
Azure Power Global Limited Market Cap History: 2016 to 2025
Azure Power Global Limited's market capitalization history from 2016 to 2025. Data shows change from $1.09 Billion to $77.00 Million (-25.52% CAGR).
Azure Power Global Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Azure Power Global Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.00x
Azure Power Global Limited's market cap is 0.00 times its annual revenue
1.19x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
N/A
P/E ratio not applicable due to negative or zero earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $1.09 Billion | $40.11 Million | -$25.66 Million | 27.19x | N/A |
| 2017 | $911.16 Million | $62.38 Million | -$18.14 Million | 14.61x | N/A |
| 2018 | $580.71 Million | $119.45 Million | -$12.83 Million | 4.86x | N/A |
| 2019 | $807.21 Million | $141.92 Million | $1.12 Million | 5.69x | 720.15x |
| 2020 | $2.62 Billion | $182.75 Million | -$32.00 Million | 14.32x | N/A |
| 2021 | $1.16 Billion | $15.24 Billion | -$4.21 Billion | 0.08x | N/A |
| 2022 | $276.56 Million | $246.16 Million | -$28.24 Million | 1.12x | N/A |
| 2023 | $80.21 Million | $20.75 Billion | -$2.29 Billion | 0.00x | N/A |
| 2024 | $22.46 Million | $21.31 Billion | -$3.35 Billion | 0.00x | N/A |
| 2025 | $77.00 Million | $20.52 Billion | -$3.13 Billion | 0.00x | N/A |
Competitor Companies of AZREF by Market Capitalization
Companies near Azure Power Global Limited in the global market cap rankings as of March 19, 2026.
Key companies related to Azure Power Global Limited by market ranking:
- China Yangtze Power Co. Ltd. GDR (LSE:CYPC): Ranked #26 globally with a market cap of $403.53 Billion USD.
- CN YANGT.PWR GDR REG S/A (F:CYZB): Ranked #300 globally with a market cap of $71.71 Billion USD ( €69.86 Billion EUR).
- China Yangtze Power Co Ltd (SHG:600900): Ranked #547 globally with a market cap of $39.27 Billion USD ( CN¥288.15 Billion CNY).
- The Kansai Electric Power Company Incorporated (F:KPO): Ranked #1299 globally with a market cap of $14.05 Billion USD ( €13.69 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #26 | China Yangtze Power Co. Ltd. GDR | LSE:CYPC | $403.53 Billion | $38.40 |
| #300 | CN YANGT.PWR GDR REG S/A | F:CYZB | $71.71 Billion | €35.00 |
| #547 | China Yangtze Power Co Ltd | SHG:600900 | $39.27 Billion | CN¥27.42 |
| #1299 | The Kansai Electric Power Company Incorporated | F:KPO | $14.05 Billion | €13.69 |
Azure Power Global Limited Historical Marketcap From 2016 to 2025
Between 2016 and today, Azure Power Global Limited's market cap moved from $1.09 Billion to $ 77.00 Million, with a yearly change of -25.52%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | $77.00 Million | +242.86% |
| 2024 | $22.46 Million | -72.00% |
| 2023 | $80.21 Million | -71.00% |
| 2022 | $276.56 Million | -76.25% |
| 2021 | $1.16 Billion | -55.48% |
| 2020 | $2.62 Billion | +224.09% |
| 2019 | $807.21 Million | +39.01% |
| 2018 | $580.71 Million | -36.27% |
| 2017 | $911.16 Million | -16.47% |
| 2016 | $1.09 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 18th, 2026 the market cap of Azure Power Global Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $77.00 Million USD |
| MoneyControl | $77.00 Million USD |
| MarketWatch | $77.00 Million USD |
| marketcap.company | $77.00 Million USD |
| Reuters | $77.00 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.