Adani Green Energy Ltd
Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. [1]
- Market Cap ₹ 1,68,466 Cr.
- Current Price ₹ 1,038
- High / Low ₹ 2,092 / 758
- Stock P/E 228
- Book Value ₹ 51.8
- Dividend Yield 0.00 %
- ROCE 8.87 %
- ROE 9.41 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 40.7% CAGR over last 5 years
Cons
- Stock is trading at 20.3 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.11% over last 3 years.
- Earnings include an other income of Rs.1,037 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 10 | 1,719 | 318 | 1,247 | 2,473 | 10,672 | 7,629 | 12,001 | 19,613 | |
0 | 30 | 1,697 | 363 | 1,288 | 2,444 | 10,550 | 7,772 | 11,767 | 18,078 | |
Operating Profit | -0 | -20 | 21 | -45 | -41 | 29 | 122 | -143 | 234 | 1,535 |
OPM % | -203% | 1% | -14% | -3% | 1% | 1% | -2% | 2% | 8% | |
0 | 8 | 67 | 303 | 333 | 656 | 530 | 713 | 826 | 1,037 | |
Interest | 1 | 27 | 131 | 288 | 214 | 258 | 775 | 892 | 1,521 | 1,749 |
Depreciation | 0 | 10 | 9 | 8 | 3 | 4 | 7 | 11 | 30 | 61 |
Profit before tax | -1 | -49 | -52 | -39 | 75 | 423 | -130 | -333 | -491 | 762 |
Tax % | 0% | 0% | -11% | -11% | -79% | 14% | -55% | -2% | 11% | 14% |
-1 | -49 | -46 | -35 | 134 | 364 | -58 | -328 | -546 | 654 | |
EPS in Rs | -0.06 | -0.39 | -0.34 | -0.22 | 0.86 | 2.33 | -0.37 | -2.07 | -3.45 | 4.13 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 74% |
3 Years: | 22% |
TTM: | 63% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 41% |
3 Years: | 112% |
TTM: | 262% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | -21% |
1 Year: | -40% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 0% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 160 | 1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,584 | 1,584 | 1,584 |
Reserves | -1 | -50 | -120 | 594 | 624 | 906 | 705 | 4,072 | 5,914 | 6,628 |
65 | 549 | 3,487 | 2,363 | 2,062 | 5,310 | 17,289 | 13,591 | 22,922 | 20,244 | |
52 | 8 | 396 | 890 | 2,145 | 6,517 | 8,405 | 9,417 | 10,963 | 13,411 | |
Total Liabilities | 276 | 1,781 | 5,327 | 5,412 | 6,395 | 14,297 | 27,963 | 28,664 | 41,383 | 41,867 |
87 | 78 | 69 | 62 | 62 | 67 | 74 | 614 | 877 | 1,501 | |
CWIP | 0 | 1 | 0 | 1 | 1 | 1 | 8 | 385 | 217 | 669 |
Investments | 165 | 1,354 | 1,530 | 2,030 | 682 | 2,920 | 17,839 | 20,755 | 22,995 | 23,747 |
24 | 349 | 3,728 | 3,319 | 5,650 | 11,309 | 10,042 | 6,910 | 17,294 | 15,950 | |
Total Assets | 276 | 1,781 | 5,327 | 5,412 | 6,395 | 14,297 | 27,963 | 28,664 | 41,383 | 41,867 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | -24 | -663 | 534 | 1,490 | -718 | 1,455 | 5,003 | -2,482 | 1 | |
-224 | -1,541 | -2,242 | 185 | -896 | -2,274 | -12,488 | -2,491 | -7,393 | 4,539 | |
225 | 1,571 | 2,937 | -649 | -503 | 2,807 | 11,028 | -2,013 | 9,754 | -4,303 | |
Net Cash Flow | 0 | 6 | 31 | 71 | 91 | -185 | -5 | 499 | -121 | 237 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 189 | 189 | 361 | 27 | 377 | 31 | 53 | 74 | 82 | |
Inventory Days | 145 | |||||||||
Days Payable | 60 | |||||||||
Cash Conversion Cycle | 189 | 189 | 361 | 27 | 377 | 31 | 139 | 74 | 82 | |
Working Capital Days | 12,062 | 654 | 2,493 | 397 | -70 | 131 | -31 | 1 | 7 | |
ROCE % | -2% | 2% | 5% | 7% | 9% | 4% | 3% | 5% | 9% |
Documents
Announcements
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Allotment Of Shares Upon Conversion Of Warrants - All Warrants Are Now Converted
4m - Promoter Ardour converted 1.16 crore warrants into equity, raising INR 1285.6 crore, increasing promoter holding to 62.43%.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2025.
1d - Board meeting on July 28 to approve Q1 FY26 results; earnings call on July 29 with Macquarie.
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Allotment Of Shares Upon Conversion Of Warrants
12 Jul - Ardour converted 1.08 crore warrants into equity shares at Rs.1480.75, increasing promoter holding to 62.17%.
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Provisional Operational Update: Q1 FY26
11 Jul - AGEL Q1 FY26: 45% capacity growth to 15.8 GW, 42% energy sales increase, strong operational performance.
Annual reports
Concalls
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May 2025Transcript PPT REC
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Part of Adani Group
The company is a part of the Adani Group, a leading Indian conglomerate with 9 publicly listed firms across sectors like energy & utility, transport & logistics, materials, metal & mining, etc. As of FY25, the promoter group owned about a 61% stake in the company. [1]