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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 4, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	35	90	83	160	1,068	1,310
Market Cap Growth	-28.96%	7.69%	-47.79%	-85.04%	-18.48%	79.70%
Enterprise Value	1,383	1,529	1,582	1,704	2,612	2,580
PS Ratio	0.15	0.37	0.33	0.63	4.42	6.29
PB Ratio	0.10	0.25	0.21	0.37	2.05	3.92
P/FCF Ratio	0.45	1.14	2.36	6.55	-	-
P/OCF Ratio	0.42	1.07	2.08	1.65	17.63	19.25
EV/Sales Ratio	5.76	6.36	6.19	6.74	10.81	12.39
EV/EBITDA Ratio	9.37	10.78	10.06	9.84	13.46	17.12
EV/EBIT Ratio	15.88	17.55	15.70	13.82	18.00	24.25
EV/FCF Ratio	17.50	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	-	-
Net Debt / Equity Ratio	3.73	3.73	3.64	3.45	2.88	3.93
Net Debt / EBITDA Ratio	9.49	9.49	9.10	8.61	7.73	8.71
Net Debt / FCF Ratio	17.02	17.02	40.45	61.09	-3.14	-6.89
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 Employed (ROCE)	4.80%	4.80%	6.70%	6.20%	6.70%	6.30%
Earnings Yield	-103.83%	-40.79%	-48.13%	-17.42%	-2.60%	-4.39%
FCF Yield	223.91%	87.96%	42.45%	15.28%	-44.77%	-14.54%
Buyback Yield / Dilution	-	-	-	-26.12%	-6.04%	-11.46%