Adani Green Energy Ltd

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

Adani Green Energy Ltd

₹ 1,764 -0.67%
19 Apr 2:37 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

Adani Group
The co. belongs to the Adani Group, a diversified industrial conglomerate in India with a combined market capitalisation of ~USD 206 Billion in April 2022, comprising seven publicly traded companies. [1]

Website BSE NSE
  • Market Cap ₹ 2,79,344 Cr.
  • Current Price ₹ 1,764
  • High / Low ₹ 2,019 / 816
  • Stock P/E 170
  • Book Value ₹ 50.1
  • Dividend Yield 0.00 %
  • ROCE 7.81 %
  • ROE 22.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 61.0% CAGR over last 5 years
  • Debtor days have improved from 136 to 103 days.
  • Company's working capital requirements have reduced from 69.3 days to 27.4 days

Cons

  • Stock is trading at 34.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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

Sector: Power Generation & Distribution Industry: Power Generation And Supply

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
749 986 977 1,295 1,400 1,461 1,635 1,584 1,971 2,598 2,162 2,220 2,311
142 360 223 525 357 489 687 718 1,118 334 81 521 645
Operating Profit 607 626 754 770 1,043 972 948 866 853 2,264 2,081 1,699 1,666
OPM % 81% 63% 77% 59% 74% 67% 58% 55% 43% 87% 96% 77% 72%
94 83 182 115 71 111 66 100 216 265 178 353 264
Interest 545 476 524 613 813 667 458 498 617 1,338 1,393 1,165 1,242
Depreciation 124 133 151 164 260 274 280 298 330 392 451 474 481
Profit before tax 31 100 261 108 41 142 276 170 122 799 415 413 207
Tax % -33% -4% 16% 7% -17% 15% 21% 14% 52% 38% 34% 29% 33%
41 104 219 100 49 121 214 149 103 507 323 371 256
EPS in Rs 0.28 0.67 1.40 0.64 0.31 0.77 1.35 0.94 0.65 3.21 2.03 2.35 1.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
502 1,480 2,058 2,549 3,124 5,133 7,792 9,291
98 637 532 1,099 883 1,621 2,822 1,581
Operating Profit 403 843 1,526 1,450 2,241 3,512 4,970 7,710
OPM % 80% 57% 74% 57% 72% 68% 64% 83%
80 42 73 -111 391 507 667 1,060
Interest 334 552 1,121 995 1,953 2,617 2,911 5,138
Depreciation 333 543 1,062 394 486 849 1,300 1,798
Profit before tax -184 -210 -585 -50 193 553 1,426 1,834
Tax % 75% 35% 19% -22% 6% 12% 32%
-47 -138 -475 -68 182 489 973 1,457
EPS in Rs -0.37 -1.00 -3.03 -0.15 1.34 3.13 6.15 9.21
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 45%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: 61%
3 Years: 192%
TTM: 160%
Stock Price CAGR
10 Years: %
5 Years: 109%
3 Years: 19%
1 Year: 90%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 19%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1,274 1,564 1,564 1,564 1,564 1,564 1,584 1,584
Reserves -71 -223 369 792 636 1,050 5,720 6,349
4,347 9,864 11,142 14,867 24,209 52,832 54,223 57,378
610 4,503 1,582 1,201 2,283 3,508 5,382 6,168
Total Liabilities 6,160 15,709 14,658 18,424 28,692 58,954 66,909 71,479
4,341 9,120 10,388 12,554 16,429 28,452 48,336 49,501
CWIP 267 1,725 743 1,208 4,452 19,899 5,291 6,480
Investments 26 87 77 477 502 574 1,149 1,840
1,525 4,777 3,449 4,185 7,309 10,029 12,133 13,658
Total Assets 6,160 15,709 14,658 18,424 28,692 58,954 66,909 71,479

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 649 1,625 1,965 1,601 3,127 7,265
-1,511 -4,428 -2,666 -3,743 -9,137 -18,730 -3,857
1,559 3,942 1,045 2,161 7,083 15,986 -2,973
Net Cash Flow 76 162 3 383 -453 383 435

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 245 209 134 106 175 129 103
Inventory Days 383
Days Payable 455
Cash Conversion Cycle 245 209 63 106 175 129 103
Working Capital Days 244 -345 -51 -30 79 102 27
ROCE % 4% 4% 8% 10% 8% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.47% 60.14% 61.27% 61.27% 60.50% 60.75% 60.75% 57.26% 56.27% 56.26% 56.37% 56.37%
20.32% 17.83% 16.59% 16.53% 15.91% 15.25% 15.14% 17.13% 18.25% 18.16% 18.03% 18.15%
0.30% 0.32% 0.62% 0.79% 0.98% 1.26% 1.40% 1.45% 1.47% 1.49% 1.50% 1.55%
21.91% 21.71% 21.51% 21.41% 22.61% 22.74% 22.70% 24.16% 24.00% 24.09% 24.10% 23.93%
No. of Shareholders 2,30,9772,21,0251,89,6122,28,4693,71,7643,85,2973,93,1677,46,2946,92,3406,76,2716,93,0646,68,586

* 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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