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  7. Azure Power
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Azure Power | Sustainability Performance

https://www.azurepower.com

Azure Power Global Limited develops and operates renewable energy projects, primarily focusing on solar power generation. The company provides clean energy solutions through utility-scale, rooftop, and distributed solar projects, supporting sustainable energy transitions in various regions.

2008

India

201 - 500 employees

Renewables & Environment

$1M - 10M in revenue

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#13331
Overall
#387
in India
#184
in Renewables & Environment

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

87 out of 191

Overview
Governance
TargetsESG scores and Exclusions
Financial Data
Business performanceCapital & innovationAnalyst projections

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Tata Chemicals

India, Manufacturing, Chemicals

Market cap

64.0M $, 2026

Revenue

21.3B $, 2024▼2.6% YoY

Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Azure Power's CEO Harsh Shah and CFO resigned in 2022 amid disclosed governance issues and whistleblower allegations, with the company delaying its annual report and facing SEC inquiry and Nasdaq delisting risk.
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Market cap

64.0M $, 2026▼NaN% YoY

Revenue

21.3B $, FY2024▼2.6% YoY

EBITDA

13.0B $, FY2024▼9.1% YoY

Operating margin

39% Industry: -63▲23.9% YoY

Revenue & EBITDA

$21.3BFY2024 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

3.0B 2024▼32.1% YoY

Capex

394.0M 2024▲1410.9% YoY

Debt/equity ratio

3.8 Industry: 1▼NaN% YoY

Return on invested capital

-2.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

18.3

▲ 7062.8%

2022

20.7

2023

21.3

▼ 11.8%

2024

NaN


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Environmental policy coverage

Carbon reduction policy

Available

Human rights policy

Available

Recycling policy

Not available

Workplace health & safety policy

Available

25%
Independent Directors

4 out of 16 incl. management

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Overall score

48

Environment

58

Social

51

Governance

34

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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Reporting

sustainability report symbol

Sustainability Report

Available

Sustainability employees


Total sustainability employees

7-10



    Available in
    Scale package

    Access
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