Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Azure Power Global Limited, an autonomous Indian entity, specializes in providing sustainable energy solutions and operating as a power producer. The company undertakes the development, construction, and management of utility-scale solar, wind, and hybrid renewable energy installations. It delivers the generated clean electricity to both public sector utilities and private industrial and commercial clients, typically under long-term, fixed-price agreements. Its comprehensive renewable energy portfolio stands at approximately 7.4 gigawatts (GW); of this, roughly 2.9 GW is already operational, with a substantial 4.5 GW either currently under construction or in the pipeline for future development. Established in 2008, Azure Power maintains its headquarters in New Delhi, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is of fair value on EV/EBITDA, undervalue