Azure Power Global Ratios and Metrics

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	May '25 May 28, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020	2015 - 2019
Market Capitalization	32	83	160	1,068	1,310	729	Upgrade
Market Cap Growth	-47.79%	-47.79%	-85.04%	-18.48%	79.70%	57.97%	Upgrade
Enterprise Value	1,471	1,582	1,704	2,612	2,580	1,824	Upgrade
PS Ratio	0.13	0.33	0.63	4.42	6.29	4.24	Upgrade
PB Ratio	0.08	0.21	0.37	2.05	3.92	2.02	Upgrade
P/FCF Ratio	0.91	2.36	6.55	-	-	-	Upgrade
P/OCF Ratio	0.80	2.08	1.65	17.63	19.25	14.92	Upgrade
EV/Sales Ratio	5.75	6.19	6.74	10.81	12.39	10.60	Upgrade
EV/EBITDA Ratio	9.01	10.06	9.84	13.46	17.12	14.65	Upgrade
EV/EBIT Ratio	14.60	15.70	13.82	18.00	24.25	21.03	Upgrade
EV/FCF Ratio	41.54	44.67	69.82	-	-	-	Upgrade
Debt / Equity Ratio	3.87	3.87	3.80	3.35	4.38	3.44	Upgrade
Debt / EBITDA Ratio	9.32	9.32	9.20	8.74	9.28	9.44	Upgrade
Debt / FCF Ratio	42.98	42.98	67.44	-	-	-	Upgrade
Quick Ratio	0.22	0.22	0.71	0.94	0.68	1.57	Upgrade
Current Ratio	0.50	0.50	1.06	1.15	1.10	2.25	Upgrade
Asset Turnover	0.12	0.12	0.11	0.11	0.11	0.11	Upgrade
Return on Equity (ROE)	-9.96%	-9.96%	-6.18%	-6.64%	-16.26%	-8.88%	Upgrade
Return on Assets (ROA)	2.83%	2.83%	3.32%	4.06%	3.46%	3.38%	Upgrade
Return on Capital (ROIC)	3.18%	3.18%	3.69%	4.53%	3.85%	3.74%	Upgrade
Return on Capital Employed (ROCE)	6.70%	6.70%	6.20%	6.70%	6.30%	5.30%	Upgrade
Earnings Yield	-125.13%	-48.13%	-17.42%	-2.60%	-4.39%	-4.13%	Upgrade
Earnings Yield	-125.13%	-48.13%	-17.42%	-2.60%	-4.39%	-4.13%	Upgrade
FCF Yield	110.36%	42.45%	15.28%	-44.77%	-14.54%	-26.68%	Upgrade
Buyback Yield / Dilution	-	-	-26.12%	-6.04%	-11.46%	-26.73%	Upgrade

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