Azure Power Global Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Azure Power Global Limited (AZRE) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Azure Power Global Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 259M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+290.4% annualized vs trailing 12 months).
- Peer revenue share: Azure Power Global Limited accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AZRE Sales vs. its Competitors, Q4 2023
Azure Power Global Limited generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Electric Utilities industry grew revenue 1,579.5% year over year, combined, vs 4.4% for Azure Power Global Limited. Azure Power Global Limited's share of combined industry revenue moved from 0.08% to 0.00%, a loss of 0.07 percentage points.
Azure Power Global Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Azure Power Global Limited | No | Yes | No | Yes |
| High-Confidence Competitors (6) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 62.50 % (5 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AZRE Stock Performance relative to its Competitors
AZRE Stock Performance relative to High-Confidence Competitors
AZRE Stock Performance relative to Similar Growth & Profitability Competitors
Azure Power Global Limited's Competitors Named by the Company
Competitive relationships identified from Azure Power Global Limited reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Movano Inc | Company report | 85% |
| Veritone Inc | Company report | 85% |
| I3 Verticals Inc | Company report | 85% |
| Beamr Imaging Ltd | Company report | 85% |
| Vmware Inc | Company report | 85% |
| Cloudera Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Azure Power Global Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from Azure Power Global Limited reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.