AZRE Stock Overview
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India.
Azure Power Global Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.60|
|52 Week High||US$27.41|
|52 Week Low||US$10.61|
|1 Month Change||-27.04%|
|3 Month Change||-29.40%|
|1 Year Change||-52.88%|
|3 Year Change||10.48%|
|5 Year Change||-32.68%|
|Change since IPO||-20.55%|
Recent News & Updates
|AZRE||US Renewable Energy||US Market|
Return vs Industry: AZRE underperformed the US Renewable Energy industry which returned -10.8% over the past year.
Return vs Market: AZRE underperformed the US Market which returned -18.4% over the past year.
|AZRE Average Weekly Movement||14.0%|
|Renewable Energy Industry Average Movement||11.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.3%|
Stable Share Price: AZRE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: AZRE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs.
Azure Power Global Fundamentals Summary
|AZRE fundamental statistics|
Is AZRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AZRE income statement (TTM)|
|Cost of Revenue||₹1.47b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-46.91|
|Net Profit Margin||-17.12%|
How did AZRE perform over the long term?See historical performance and comparison
Is AZRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AZRE?
Other financial metrics that can be useful for relative valuation.
|What is AZRE's n/a Ratio?|
Price to Sales Ratio vs Peers
How does AZRE's PS Ratio compare to its peers?
|AZRE PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
AMPS Altus Power
MNTK Montauk Renewables
NOVA Sunnova Energy International
ELLO Ellomay Capital
AZRE Azure Power Global
Price-To-Sales vs Peers: AZRE is good value based on its Price-To-Sales Ratio (3.3x) compared to the peer average (8.9x).
Price to Earnings Ratio vs Industry
How does AZRE's PE Ratio compare vs other companies in the US Renewable Energy Industry?
Price-To-Sales vs Industry: AZRE is good value based on its Price-To-Sales Ratio (3.3x) compared to the US Renewable Energy industry average (4.7x)
Price to Sales Ratio vs Fair Ratio
What is AZRE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||3.3x|
|Fair PS Ratio||11.4x|
Price-To-Sales vs Fair Ratio: AZRE is good value based on its Price-To-Sales Ratio (3.3x) compared to the estimated Fair Price-To-Sales Ratio (11.4x).
Share Price vs Fair Value
What is the Fair Price of AZRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate AZRE's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate AZRE's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AZRE's PEG Ratio to determine if it is good value.
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How is Azure Power Global forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZRE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: AZRE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AZRE is expected to become profitable in the next 3 years.
Revenue vs Market: AZRE's revenue (18.3% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: AZRE's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AZRE's Return on Equity is forecast to be low in 3 years time (10.1%).
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How has Azure Power Global performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZRE is currently unprofitable.
Growing Profit Margin: AZRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AZRE is unprofitable, and losses have increased over the past 5 years at a rate of 28.8% per year.
Accelerating Growth: Unable to compare AZRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AZRE is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-12.6%).
Return on Equity
High ROE: AZRE has a negative Return on Equity (-12.63%), as it is currently unprofitable.
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How is Azure Power Global's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AZRE's short term assets (₹24.4B) do not cover its short term liabilities (₹40.0B).
Long Term Liabilities: AZRE's short term assets (₹24.4B) do not cover its long term liabilities (₹102.3B).
Debt to Equity History and Analysis
Debt Level: AZRE's net debt to equity ratio (467.4%) is considered high.
Reducing Debt: AZRE's debt to equity ratio has increased from 192.8% to 503.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AZRE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AZRE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Azure Power Global current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AZRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AZRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AZRE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AZRE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AZRE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Harsh Shah (39 yo)
Mr. Harsh Dinesh Shah served as Chief Executive Officer at IndiGrid Investment Managers Limited (IIML), Investment Manager for India Grid Trust and serves as its Whole-Time Director. He was Chief Financial...
Experienced Board: AZRE's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.2%.
Azure Power Global Limited's employee growth, exchange listings and data sources
- Name: Azure Power Global Limited
- Ticker: AZRE
- Exchange: NYSE
- Founded: 2008
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: US$744.273m
- Shares outstanding: 64.16m
- Website: https://www.azurepower.com
Number of Employees
- Azure Power Global Limited
- Southern Park
- 5th Floor
- New Delhi
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/06 00:00|
|End of Day Share Price||2022/07/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.