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.
P/B ratio for Azure Power Global Limited (AZRE)
P/B ratio as of 2023: 0.38
According to Azure Power Global Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.38. At the end of 2022 the company had a P/B ratio of 125.17.
P/B ratio history for Azure Power Global Limited from 2014 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.38 |
| 2022 | 125.17 |
| 2021 | 287.69 |
| 2020 | 138.89 |
| 2019 | 73.84 |
| 2018 | 128.31 |
| 2017 | 77.43 |
| 2016 | 50.40 |
| 2015 | 63.25 |
| 2014 | -63.14 |