Adani Green Energy Ltd

About [ edit ]

Adani Green Energy is a holding company of several subsidiaries carrying business of renewable power generation within the Group. The Company is primarily involved in renewable power generation and other ancillary activities.

  • Market Cap 178,251 Cr.
  • Current Price 1,140
  • High / Low 1,394 / 306
  • Stock P/E 849
  • Book Value 5.51
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 25.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 207.03 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -18.63%
  • Tax rate seems low
  • Company has a low return on equity of -8.07% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
472 449 456 681 661 688 504 696 779 612 749 986
184 252 -112 209 167 307 153 472 199 108 142 360
Operating Profit 288 196 568 472 494 382 351 224 580 504 607 626
OPM % 61% 44% 125% 69% 75% 55% 70% 32% 74% 82% 81% 63%
Other Income 10 10 15 38 -84 24 -55 4 29 106 94 83
Interest 171 198 455 297 293 268 363 70 448 483 545 476
Depreciation 227 271 270 293 248 -63 102 108 110 119 124 133
Profit before tax -99 -263 -142 -80 -131 200 -169 50 51 8 31 100
Tax % 25% 28% 15% -10% 25% 49% 24% -28% 61% -77% -33% -4%
Net Profit -74 -188 -118 -94 -96 100 -124 96 45 19 44 105
EPS in Rs -0.47 -1.20 -0.75 -0.60 -0.61 0.64 -0.79 0.62 0.29 0.12 0.28 0.67

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
502 1,480 2,058 2,549 3,124
98 637 532 1,099 883
Operating Profit 403 843 1,526 1,450 2,241
OPM % 80% 57% 74% 57% 72%
Other Income 80 42 73 -111 385
Interest 334 552 1,121 995 1,953
Depreciation 333 543 1,062 394 486
Profit before tax -184 -210 -585 -50 187
Tax % 75% 35% 19% -22% 6%
Net Profit -47 -138 -474 -23 210
EPS in Rs -0.37 -1.00 -3.03 -0.15 1.34
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:28%
TTM:23%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:54%
TTM:363%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:240%
1 Year:159%
Return on Equity
10 Years:%
5 Years:%
3 Years:-8%
Last Year:26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,274 1,564 1,564 1,564 1,564
Reserves -71 -223 -724 -801 -703
Borrowings 4,347 9,864 11,142 14,867 24,209
610 4,503 2,675 2,794 3,622
Total Liabilities 6,160 15,709 14,658 18,424 28,692
4,341 9,120 10,388 12,554 16,429
CWIP 267 1,725 743 1,208 4,452
Investments 26 87 77 477 502
1,525 4,777 3,449 4,185 7,309
Total Assets 6,160 15,709 14,658 18,424 28,692

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
28 649 1,625 1,965 1,601
-1,511 -4,428 -2,666 -3,743 -9,137
1,559 3,942 1,045 2,161 7,083
Net Cash Flow 76 162 3 383 -453

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 4% 5% 8% 11%
Debtor Days 245 209 134 106 141
Inventory Turnover 0.00 0.14 0.18 1.44

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
86.58 86.58 86.50 86.50 74.92 74.92 74.92 74.92 74.92 74.92 74.92 56.29
10.90 10.88 10.40 10.26 20.34 20.32 20.80 21.14 21.52 22.43 22.78 21.47
0.28 0.28 0.28 0.24 0.28 0.31 0.30 0.20 0.19 0.27 0.32 0.30
2.24 2.26 2.82 3.00 4.46 4.45 3.99 3.75 3.38 2.39 1.99 21.94

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