Azure Power (AZREF) - Market capitalization

Market cap: £48.12 Million

As of December 2025 Azure Power has a market cap of £48.12 Million. 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	£48.12 M	370.64%
2024	£10.22 M	-83.76%
2023	£62.95 M	-72.46%
2022	£0.22 B	-64.83%
2021	£0.64 B	-54.89%
2020	£1.44 B	215.27%
2019	£0.45 B	56.57%
2018	£0.29 B	6.91%
2017	£0.27 B	-23.54%
2016	£0.35 B

End of Day market cap according to different sources

On Dec 6th, 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	£2.82 B	5,771.72%	🇺🇸 USA
Pinnacle West Capital PNW	£7.91 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: £48.12 Million