Azure Power (AZREF) - Market capitalization

Market cap: $16.04 Million USD

As of January 2026 Azure Power has a market cap of $16.04 Million USD. This makes Azure Power the world's 10217th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Azure Power from 2016 to 2026

End of year Market Cap

Year	Marketcap	Change
2026	$16.04 M	-75%
2025	$64.16 M	400%
2024	$12.83 M	-84%
2023	$80.2 M	-71%
2022	$0.27 B	-68.48%
2021	$0.87 B	-55.33%
2020	$1.96 B	227.72%
2019	$0.59 B	61.74%
2018	$0.37 B	0.41%
2017	$0.36 B	-16.25%
2016	$0.44 B

End of Day market cap according to different sources

On Jan 12th, 2026 the market cap of Azure Power was reported to be:

Market capitalization for similar companies or competitors

Name	Marketcap	Market cap differencediff.	Country
PNM Resources PNM	$3.76 B	23,386.89%	🇺🇸 USA
Pinnacle West Capital PNW	$10.90 B	67,879.50%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Azure Power (AZREF)

Market cap: $16.04 Million USD