AZRE:NYE-Azure Power Global Limited (USD)

COMMON STOCK | Utilities-Renewable | NYE

Last Closing Price

USD 20.49

Change

-0.37 (-1.77)%

Market Cap

USD 1.01B

Volume

0.18M

Avg Analyst Target

USD 36.42 (+77.73%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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 Limited was founded in 2008 and is based in New Delhi, India.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-09-24 )

Largest Industry Peers for Utilities-Renewable

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
AQN Algonquin Power & Utilities Co..

-0.11 (-0.72%)

USD12.06B 10.66 13.73
BEP Brookfield Renewable Partners ..

-0.51 (-1.32%)

USD10.65B 254.05 13.64
BEPC Brookfield Renewable Corporati..

-0.79 (-1.93%)

USD7.19B 97.82 248.12
NEP NextEra Energy Partners LP

-0.21 (-0.27%)

USD6.02B 23.33 13.85
ORA Ormat Technologies Inc

-0.59 (-0.86%)

USD3.85B 57.48 13.16
CWEN-A Clearway Energy Inc

-0.13 (-0.44%)

USD3.64B 79.57 14.31
CWEN Clearway Energy Inc

-0.18 (-0.56%)

USD3.63B 85.21 14.31
ELLO Ellomay Capital Ltd

+0.20 (+0.78%)

USD0.33B 32.46 165.75
BEP-PA Brookfield Renewable Partners ..

N/A

N/A N/A N/A
AQNU Algonquin Power & Utilities Co..

-0.22 (-0.44%)

N/A 45.01 N/A

ETFs Containing AZRE

Symbol Name Weight Mer Price(Change) Market Cap
BICK First Trust BICK Index Fu.. 0.00 % 0.64 %

-0.52 (-1.49%)

USD0.09B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Renewable)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -49.74% 10% F 3% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -49.74% 10% F 3% F
Trailing 12 Months  
Capital Gain -33.65% 10% F 4% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -33.65% 10% F 4% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 27.25% 90% A- 87% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 27.25% 80% B- 86% B
Risk Return Profile  
Volatility (Standard Deviation) 66.62% 10% F 12% F
Risk Adjusted Return 40.90% 30% F 46% F
Market Capitalization 1.01B 22% F 50% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Renewable)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 709.60 10% F 2% F
Price/Book Ratio 3.23 22% F 31% F
Price / Cash Flow Ratio 0.20 89% B+ 80% B-
EV/EBITDA 0.30 100% A+ 96% A
Management Effectiveness  
Return on Equity -13.50% 18% F 20% F
Return on Invested Capital 6.11% 100% A+ 60% D-
Return on Assets 3.59% 100% A+ 62% D-
Debt to Equity Ratio 367.75% 9% F 8% F
Technical Ratios  
Short Ratio 5.37 50% F 20% F
Short Percent 8.85% 22% F 30% F
Beta 0.72 30% F 74% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.