Azure Power Global Limited

Azure Power Global Limitedverified

AZREF

Price:

$1

Market Cap:

$5.77B

Azure Power Global Limited operates as an independent sustainable energy solutions provider and power producer in India. The company builds and operates grid-scale solar, wind, and hybrid projects; and supplies generated renewable power to government utilities, and independent industrial and commercial customers on long term fixed price contracts. It has total renewable energy portfolio of approximately 7.4 GWs of which approximately 2.9 GWs operational capacity and 4.5 GWs of capacity under construction and in the pipeline. The company was founded in 2008 and is based in New Delhi, India.

Industry

Renewable Utilities

IPO Date

2016-10-12

Stock Exchange

OTC

Ticker

AZREF

The Current Ratio as of December 2025 (TTM) for Azure Power Global Limited (AZREF) is 1.46

According to Azure Power Global Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.46. This represents a change of 95.45% compared to the average of 0.75 of the last 4 quarters.

Azure Power Global Limited (AZREF) Historical Current Ratio (quarterly & annually)

How has AZREF Current Ratio performed in the past?

The mean historical Current Ratio of Azure Power Global Limited over the last ten years is 9.28. The current 1.46 Current Ratio has changed 1.47% with respect to the historical average. Over the past ten years (40 quarters), AZREF's Current Ratio was at its highest in in the June 2018 quarter at 3.81. The Current Ratio was at its lowest in in the June 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

9.28

Median

1.31

Minimum

0.50

Maximum

80.11

Azure Power Global Limited (AZREF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Azure Power Global Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.46%

Maximum Annual Current Ratio = 80.11

Minimum Annual Increase = -98.56%

Minimum Annual Current Ratio = 0.50

Quarterly (TTM)
Annual
YearCurrent RatioChange
20251.46194.26%
20240.50-53.35%
20231.06-7.78%
20221.15-98.56%
202180.113.46%
20202.25119.76%
20191.02-65.96%
20183.0184.80%
20171.63175.87%
20160.59-34.66%

Azure Power Global Limited (AZREF) Average Current Ratio

How has AZREF Current Ratio performed in the past?

The current Current Ratio of Azure Power Global Limited (AZREF) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.01

5-year avg

16.86

10-year avg

9.28

Azure Power Global Limited (AZREF) Current Ratio vs. Peers

How is AZREF’s Current Ratio compared to its peers?

Azure Power Global Limited’s Current Ratio is greater than Powertap Hydrogen Capital Corp. (0.06), greater than Green Impact Partners Inc. (0.97), less than Westbridge Renewable Energy Corp. (13.93), greater than Ampeak Energy Ltd. (1.12), less than GCL New Energy Holdings Limited (2.75), less than Tidewater Renewables Ltd. (1.52), greater than Energy World Corporation Ltd (0.51), less than SolarWindow Technologies, Inc. (8.72), less than Climeon AB (publ) (2.55), greater than Shunfeng International Clean Energy Limited (0.42),

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