Azure Power (AZREF) - Market capitalization

Market cap: HK$0.49 Billion

As of December 2025 Azure Power has a market cap of HK$0.49 Billion. This makes Azure Power the world's 9642th 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 2025

End of year Market Cap

Year	Marketcap	Change
2025	HK$0.49 B	401.36%
2024	HK$99.63 M	-84.09%
2023	HK$0.62 B	-71.01%
2022	HK$2.16 B	-68.41%
2021	HK$6.84 B	-55.07%
2020	HK$15.22 B	226.21%
2019	HK$4.66 B	60.86%
2018	HK$2.90 B	0.64%
2017	HK$2.88 B	-15.62%
2016	HK$3.41 B

End of Day market cap according to different sources

On Dec 5th, 2025 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	HK$29.32 B	5,771.72%	🇺🇸 USA
Pinnacle West Capital PNW	HK$82.15 B	16,346.47%	🇺🇸 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: HK$0.49 Billion