Azure Power Global Limited (AZREF)

Azure Power Global Ratios and Metrics

Market cap in millions USD. Fiscal year is April - March.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 25, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Market Capitalization	26	90	83	160	1,068	1,310
Market Cap Growth	-20.90%	7.69%	-47.79%	-85.04%	-18.48%	79.70%
Enterprise Value	1,373	1,529	1,582	1,704	2,612	2,580
PS Ratio	0.11	0.37	0.33	0.63	4.42	6.29
PB Ratio	0.07	0.25	0.21	0.37	2.05	3.92
P/FCF Ratio	0.32	1.14	2.36	6.55	-	-
P/OCF Ratio	0.30	1.07	2.08	1.65	17.63	19.25
EV/Sales Ratio	5.72	6.36	6.19	6.74	10.81	12.39
EV/EBITDA Ratio	9.31	10.78	10.06	9.84	13.46	17.12
EV/EBIT Ratio	15.77	17.55	15.70	13.82	18.00	24.25
EV/FCF Ratio	17.38	19.35	44.67	69.82	-	-
Debt / Equity Ratio	4.01	4.01	3.87	3.80	3.35	4.38
Debt / EBITDA Ratio	9.80	9.80	9.32	9.20	8.74	9.28
Debt / FCF Ratio	18.31	18.31	42.98	67.44	-	-
Quick Ratio	0.68	0.68	0.22	0.71	0.94	0.68
Current Ratio	1.46	1.46	0.50	1.06	1.15	1.10
Asset Turnover	0.12	0.12	0.12	0.11	0.11	0.11
Return on Equity (ROE)	-9.81%	-9.81%	-9.96%	-6.18%	-6.64%	-16.26%
Return on Assets (ROA)	2.63%	2.63%	2.83%	3.32%	4.06%	3.46%
Return on Capital (ROIC)	2.96%	2.96%	3.18%	3.69%	4.53%	3.85%
Return on Capital Employed (ROCE)	4.80%	4.80%	6.70%	6.20%	6.70%	6.30%
Earnings Yield	-142.76%	-40.79%	-48.13%	-17.42%	-2.60%	-4.39%
Earnings Yield	-142.76%	-40.79%	-48.13%	-17.42%	-2.60%	-4.39%
FCF Yield	307.87%	87.96%	42.45%	15.28%	-44.77%	-14.54%
Buyback Yield / Dilution	-	-	-	-26.12%	-6.04%	-11.46%

Updated Jul 23, 2024. Source: S&P Global Market Intelligence. Utility template. Financial Sources.