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Azure Power Global Ltd (AZREF)
:AZREF
US Market

Azure Power Global (AZREF) Ratios

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Azure Power Global Ratios

AZREF's free cash flow for Q4 2024 was ₹0.90. For the 2024 fiscal year, AZREF's free cash flow was decreased by ₹ and operating cash flow was ₹0.31. See a summary of the company’s cash flow.
Ratios
TTM
Mar 24Mar 23Mar 22Mar 21
Liquidity Ratios
Current Ratio
1.06 1.06 1.15 1.10 2.25
Quick Ratio
1.06 1.06 1.15 1.10 2.25
Cash Ratio
0.49 0.49 0.45 0.25 1.59
Solvency Ratio
0.01 0.01 1.83 1.85 2.03
Operating Cash Flow Ratio
0.30 0.30 0.18 0.20 0.43
Short-Term Operating Cash Flow Coverage
0.46 0.46 <0.01 <0.01 0.02
Net Current Asset Value
₹ -127.15B₹ -127.15B₹ -1.59B₹ -1.34B₹ -1.12B
Leverage Ratios
Debt-to-Assets Ratio
0.71 0.71 0.70 0.72 0.71
Debt-to-Equity Ratio
3.87 3.87 3.41 4.42 3.47
Debt-to-Capital Ratio
0.79 0.79 0.77 0.82 0.78
Long-Term Debt-to-Capital Ratio
0.77 0.77 1.00 1.00 1.00
Financial Leverage Ratio
5.46 5.46 4.90 6.12 4.90
Debt Service Coverage Ratio
0.42 0.42 0.76 0.56 2.55
Interest Coverage Ratio
0.92 0.92 0.80 0.79 0.70
Debt to Market Cap
10.02 10.02 2.00 1.09 1.81
Interest Debt Per Share
2.26K 2.26K 37.91 33.17 31.69
Net Debt to EBITDA
8.74 8.74 0.13 0.18 0.12
Profitability Margins
Gross Profit Margin
91.20%91.20%71.30%70.71%69.08%
EBIT Margin
48.13%48.13%3561.56%2189.63%3573.21%
EBITDA Margin
67.52%67.52%5051.27%3749.76%4742.57%
Operating Profit Margin
42.62%42.62%58.03%48.58%48.31%
Pretax Profit Margin
1.64%1.64%-6.42%-28.14%-16.25%
Net Profit Margin
-11.01%-11.01%-11.47%-27.61%-17.51%
Continuous Operations Profit Margin
-11.19%-11.19%-863.68%-2046.87%-1278.80%
Net Income Per EBT
-670.09%-670.09%178.76%98.09%107.74%
EBT Per EBIT
3.86%3.86%-11.06%-57.93%-33.64%
Return on Assets (ROA)
-1.20%-1.20%-1.12%-2.79%-1.83%
Return on Equity (ROE)
-6.55%-6.55%-5.50%-17.08%-8.96%
Return on Capital Employed (ROCE)
5.38%5.38%6.60%5.86%5.42%
Return on Invested Capital (ROIC)
-33.11%-33.11%1.38%0.63%1.90%
Return on Tangible Assets
-1.20%-1.20%-1.12%-2.79%-1.83%
Earnings Yield
-17.41%-17.41%-0.04%-0.06%-0.06%
Efficiency Ratios
Receivables Turnover
3.63 3.63 0.04 0.04 0.04
Payables Turnover
1.21 1.21 0.02 0.01 0.03
Inventory Turnover
140.38 140.38 0.00 60.12M 56.50M
Fixed Asset Turnover
0.14 0.14 0.13 0.13 0.14
Asset Turnover
0.11 0.11 0.10 0.10 0.10
Working Capital Turnover Ratio
24.33 24.33 5.78 2.23 2.31
Cash Conversion Cycle
-197.70 -197.70 -9.50K -17.38K -2.70K
Days of Sales Outstanding
100.50 100.50 8.96K 8.69K 8.90K
Days of Inventory Outstanding
2.60 2.60 0.00 <0.01 <0.01
Days of Payables Outstanding
300.80 300.80 18.46K 26.07K 11.60K
Operating Cycle
103.10 103.10 8.96K 8.69K 8.90K
Cash Flow Ratios
Operating Cash Flow Per Share
124.01 124.01 1.21 1.40 1.20
Free Cash Flow Per Share
31.23 31.23 -9.57 -3.91 -4.81
CapEx Per Share
92.77 92.77 10.79 5.31 6.02
Free Cash Flow to Operating Cash Flow
0.25 0.25 -7.89 -2.80 -3.99
Dividend Paid and CapEx Coverage Ratio
1.34 1.34 0.11 0.26 0.20
Capital Expenditure Coverage Ratio
1.34 1.34 0.11 0.26 0.20
Operating Cash Flow Coverage Ratio
0.06 0.06 0.04 0.05 0.04
Operating Cash Flow to Sales Ratio
0.38 0.38 0.25 0.33 0.28
Free Cash Flow Yield
15.27%15.27%-0.76%-0.20%-0.42%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-5.74 -5.74 -2.28K -1.68K -1.55K
Price-to-Sales (P/S) Ratio
0.63 0.63 261.14 464.88 271.42
Price-to-Book (P/B) Ratio
0.38 0.38 125.17 287.69 138.89
Price-to-Free Cash Flow (P/FCF) Ratio
6.55 6.55 -131.97 -508.03 -239.48
Price-to-Operating Cash Flow Ratio
1.65 1.65 1.04K 1.42K 956.24
Price-to-Earnings Growth (PEG) Ratio
>-0.01 >-0.01 43.33 -28.32 0.66
Price-to-Fair Value
0.38 0.38 125.17 287.69 138.89
Enterprise Value Multiple
9.68 9.68 5.30 12.58 5.84
Enterprise Value
135.54B 135.54B 65.87B 96.79B 50.65B
EV to EBITDA
9.68 9.68 5.30 12.58 5.84
EV to Sales
6.53 6.53 267.60 471.62 277.14
EV to Free Cash Flow
67.64 67.64 -135.24 -515.39 -244.53
EV to Operating Cash Flow
17.03 17.03 1.07K 1.44K 976.39
Tangible Book Value Per Share
553.78 553.78 10.26 6.96 8.34
Shareholders’ Equity Per Share
544.05 544.05 10.09 6.91 8.30
Tax and Other Ratios
Effective Tax Rate
7.81 7.81 -0.81 0.02 -0.11
Revenue Per Share
323.35 323.35 4.84 4.28 4.25
Net Income Per Share
-35.61 -35.61 -0.56 -1.18 -0.74
Tax Burden
-6.70 -6.70 1.79 0.98 1.08
Interest Burden
0.03 0.03 >-0.01 -0.01 >-0.01
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.23 0.23 8.40 14.56 13.25
Stock-Based Compensation to Revenue
-0.03 -0.03 -1.20 4.88 1.02
Income Quality
-3.43 -3.43 -2.18 -1.18 -1.62
Currency in INR
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