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Utilities

Azure Power Global Limited(AZREF)

Live Price

Offline

$0.55

-45.00% today

1Y Change

+10.00%

Window

Jun 25, 2025 โ†’ Jun 22, 2026

Market Cap
$6.11B
Revenue Growth
-3.7%
EPS Growth
+6.4%
Dividend Yield
0.0%

Coverage: 247 bars ยท Jun 25, 2025 โ†’ Jun 22, 2026

Research Briefing

A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.

Decision context

Research Snapshot

Azure Power Global Limited (AZREF) is a Utilities stock with a market cap of $6.11B. The stock last traded around $0.55 and up 10.0% across the available one-year price window (Jun 25, 2025 โ†’ Jun 22, 2026). Baseline metrics include revenue growth of -3.7%, EPS growth of +6.4%, a dividend yield of 0.0%. What stands out right now is revenue -3.7%, EPS +6.4%, free cash flow +129.7% with operating margin 34.7% and ROIC 4.3%. Valuation is more restrained than many high-expectation growth names at price/sales 0.3. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines AZREF price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Utilities peers on this page.

Sector Context

How this name stacks up against nearby peers on first-pass metrics.

Revenue Growth

Below sector median

-3.7% vs +6.1% peer median

Operating Margin

Above sector median

+34.7% vs +21.0% peer median

What Changed This Quarter

Latest report context and the signals most likely to have changed the story.

Latest report landed above expectations

Q1 2026 was reported on Jan 23, 2026 with an EPS surprise of +16.1%.

The operating picture looks softer than before

Revenue is at -3.7% and EPS is at +6.4%, with operating margin around 34.7%.

Earnings Reaction Memory

How the stock has tended to move after recent reports.

Across the last 3 reported quarters, the stock averaged 0.0% over the next 5 trading days and finished higher after 0 of those reports.

View quarter-by-quarter reaction table
QuarterEPS ฮ”1D5D20D
Q1 2026
Jan 23, 2026
+16.1%+0.0%+0.0%+20.0%
Q4 2023
Oct 11, 2023
-523.1%+0.0%+0.0%-20.0%
Q4 2022
Nov 4, 2022
-29.4%+0.0%+0.0%-20.0%

Benchmark Edge

AZREF vs SPY, QQQ, and Sector ETFs

Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.

Shared 1Y chart + MAX history table

AZREF

โ€”

Normalized return

SPY

--

S&P 500

Excess Return

--

Relative to SPY

AZREF Max Drawdown

-94.12%

Trailing 1Y

SPY Max Drawdown

โ€”

Trailing 1Y

Benchmark comparison is loading or unavailable right now.

Calendar-Year Returns

Uses the longest available daily history for AZREF and SPY.

Calendar-year return history is still loading or unavailable.
AZ

Company Overview

Azure Power Global Limited

Last Updated
May 7, 2026

Key Fundamentals

Valuation, growth, profitability, and balance sheet signals.

Valuation

P/E
โ€”
EV/EBITDA
10.0
Price/Sales
0.3
Price/Book
0.2

Growth

Revenue
-3.7%
EPS
+6.4%
Free Cash Flow
+129.7%

Profitability

Gross Margin
91.2%
Operating Margin
34.7%
Net Margin
-15.3%
ROE
-10.0%
ROIC
4.3%

Balance Sheet

Debt/Equity
4.04
Current Ratio
1.46

Earnings Reports

๐Ÿ“… Last reportedJan 23, 2026Q1
PeriodB/MEPSEPS ฮ”RevenueRev ฮ”
Q1
Jan 23, 26
โœ“
1.87
Est 1.61
+16.1%
โ€”
Est โ€”
โ€”
Q4
Oct 11, 23
โœ—
-0.55
Est 0.13
-523.1%
โ€”
Est โ€”
โ€”
Q4
Nov 4, 22
โœ—
0.12
Est 0.17
-29.4%
โ€”
Est โ€”
โ€”
Q3
Aug 4, 22
โœ“
0.31
Est 0.30
+3.3%
โ€”
Est โ€”
โ€”
Q1
Feb 25, 22
โœ—
-0.12
Est 0.02
-700.0%
โ€”
Est โ€”
โ€”

Latest News

No news articles available

Official Releases

Company announcements and filings-style updates.

Official
No official releases available

Next Step

Keep the research moving

After the overview, the strongest next step is usually chart context or a tighter compare set.