Adani Green Energy Ltd

Adani Green Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Green Energy Ltd

₹ 1,120 11.47%
29 Oct 12:41 p.m.
adanigreenenergy.com BSE: 541450 NSE: ADANIGREEN
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,81,690 Cr.
  • Current Price ₹ 1,120
  • High / Low ₹ 1,734 / 758
  • Stock P/E 150
  • Book Value ₹ 91.2
  • Dividend Yield 0.00 %
  • ROCE 8.87 %
  • ROE 9.41 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • 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 12.3 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.939 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

Utilities Power Power Power Generation

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
2,912 918 1,632 691 1,917 2,089 7,304 3,343 3,887 5,922 6,461 4,789 3,947
2,978 955 1,531 697 1,922 2,000 7,177 3,215 3,583 5,147 6,157 4,584 3,526
Operating Profit -66 -37 101 -6 -5 89 127 128 304 775 304 205 421
OPM % -2% -4% 6% -1% -0% 4% 2% 4% 8% 13% 5% 4% 11%
130 134 67 133 141 415 166 299 273 239 253 196 251
Interest 154 222 409 310 364 377 470 482 474 426 368 342 318
Depreciation 3 3 3 3 13 4 10 20 13 15 18 23 23
Profit before tax -93 -128 -244 -186 -241 123 -187 -75 90 573 171 36 331
Tax % 0% -1% -2% 10% 7% 8% 4% 19% -10% 3% 51% 6% -44%
-93 -127 -240 -205 -259 113 -195 -89 99 557 83 34 475
EPS in Rs -0.59 -0.80 -1.52 -1.29 -1.64 0.71 -1.23 -0.56 0.62 3.52 0.52 0.21 2.93
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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 TTM
0 10 1,719 318 1,247 2,473 10,672 7,629 12,001 19,613 21,119
0 30 1,697 363 1,288 2,444 10,550 7,772 11,767 18,078 19,414
Operating Profit -0 -20 21 -45 -41 29 122 -143 234 1,535 1,705
OPM % -203% 1% -14% -3% 1% 1% -2% 2% 8% 8%
0 8 67 303 333 656 530 713 826 1,037 939
Interest 1 27 131 288 214 258 775 892 1,521 1,749 1,454
Depreciation 0 10 9 8 3 4 7 11 30 61 79
Profit before tax -1 -49 -52 -39 75 423 -130 -333 -491 762 1,111
Tax % 0% 0% -11% -11% -79% 14% -55% -2% 11% 14%
-1 -49 -46 -35 134 364 -58 -328 -546 654 1,149
EPS in Rs -0.06 -0.39 -0.34 -0.22 0.86 2.33 -0.37 -2.07 -3.45 4.13 7.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 74%
3 Years: 22%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 112%
TTM: 9264%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -22%
1 Year: -39%
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 Sep 2025
Equity Capital 160 1,274 1,564 1,564 1,564 1,564 1,564 1,584 1,584 1,584 1,647
Reserves -1 -50 -120 594 624 906 705 4,072 5,914 6,628 13,149
65 549 3,487 2,363 2,062 5,310 17,289 13,591 22,922 20,244 17,461
52 8 396 890 2,145 6,517 8,405 9,417 10,963 13,411 12,188
Total Liabilities 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 41,867 44,445
87 78 69 62 62 67 74 614 877 1,501 1,514
CWIP 0 1 0 1 1 1 8 385 217 669 1,600
Investments 165 1,354 1,530 2,030 682 2,920 17,839 20,755 22,995 23,747 25,596
24 349 3,728 3,319 5,650 11,309 10,042 6,910 17,294 15,950 15,735
Total Assets 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 41,867 44,445

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 7,202 395 1,872 275 -537 -62 -127 -356 -121
ROCE % -2% 2% 5% 7% 9% 4% 3% 5% 9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
60.75% 57.26% 56.27% 56.26% 56.37% 56.37% 57.51% 60.93% 60.93% 60.93% 61.91% 62.44%
15.14% 17.13% 18.25% 18.16% 18.03% 18.15% 16.91% 15.16% 13.68% 12.45% 11.58% 11.29%
1.40% 1.45% 1.47% 1.49% 1.50% 1.55% 1.46% 1.45% 1.73% 2.40% 2.86% 2.98%
22.70% 24.16% 24.00% 24.09% 24.10% 23.93% 24.11% 22.45% 23.64% 24.22% 23.64% 23.30%
No. of Shareholders 3,93,1677,46,2946,92,3406,76,2716,93,0646,68,5867,42,5796,28,4259,00,7709,95,7009,89,8219,77,483

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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