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 ₹ 193,870 Cr.
- Current Price ₹ 1,224
- High / Low ₹ 3,050 / 1,074
- Stock P/E 356
- Book Value ₹ 33.7
- Dividend Yield 0.00 %
- ROCE 7.86 %
- ROE 42.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
Cons
- Stock is trading at 36.3 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
- Promoter holding has decreased over last 3 years: -14.2%
- Working capital days have increased from 51.5 days to 106 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|
502 | 1,480 | 2,058 | 2,549 | 3,124 | 5,133 | 6,082 | |
98 | 637 | 532 | 1,099 | 883 | 1,621 | 2,253 | |
Operating Profit | 403 | 843 | 1,526 | 1,450 | 2,241 | 3,512 | 3,829 |
OPM % | 80% | 57% | 74% | 57% | 72% | 68% | 63% |
80 | 42 | 73 | -111 | 391 | 507 | 348 | |
Interest | 334 | 552 | 1,121 | 995 | 1,953 | 2,617 | 2,436 |
Depreciation | 333 | 543 | 1,062 | 394 | 486 | 849 | 1,112 |
Profit before tax | -184 | -210 | -585 | -50 | 193 | 553 | 629 |
Tax % | 75% | 35% | 19% | -22% | 6% | 12% | |
Net Profit | -47 | -138 | -475 | -68 | 182 | 489 | 533 |
EPS in Rs | -0.37 | -1.00 | -3.03 | -0.15 | 1.34 | 3.13 | 3.37 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 36% |
TTM: | 52% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 41% |
3 Years: | 43% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 87% |
1 Year: | -36% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 28% |
Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|
1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 3,008 | |
Reserves | -71 | -223 | -724 | -801 | -703 | -374 | 3,751 |
4,347 | 9,864 | 11,142 | 14,867 | 24,209 | 52,832 | 52,041 | |
610 | 4,503 | 2,675 | 2,794 | 3,622 | 4,932 | 3,641 | |
Total Liabilities | 6,160 | 15,709 | 14,658 | 18,424 | 28,692 | 58,954 | 62,441 |
4,341 | 9,120 | 10,388 | 12,554 | 16,429 | 28,452 | 30,480 | |
CWIP | 267 | 1,725 | 743 | 1,208 | 4,452 | 19,899 | 19,927 |
Investments | 26 | 87 | 77 | 477 | 502 | 574 | 841 |
1,525 | 4,777 | 3,449 | 4,185 | 7,309 | 10,029 | 11,193 | |
Total Assets | 6,160 | 15,709 | 14,658 | 18,424 | 28,692 | 58,954 | 62,441 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|
28 | 649 | 1,625 | 1,965 | 1,601 | 3,060 | |
-1,511 | -4,428 | -2,666 | -3,743 | -9,137 | -18,663 | |
1,559 | 3,942 | 1,045 | 2,161 | 7,083 | 15,986 | |
Net Cash Flow | 76 | 162 | 3 | 383 | -453 | 383 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|
Debtor Days | 245 | 209 | 134 | 106 | 175 | 129 |
Inventory Days | 383 | |||||
Days Payable | 455 | |||||
Cash Conversion Cycle | 245 | 209 | 63 | 106 | 175 | 129 |
Working Capital Days | 244 | -345 | -51 | -30 | 79 | 106 |
ROCE % | 4% | 5% | 8% | 11% | 8% |
Documents
Announcements
- Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2022 24 Jan
- Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 - Provisional Operational Update: 9M - FY23 23 Jan
- Report Of Scrutinizer On Passing Of Resolution Through Postal Ballot Only By Way Of Remote E-Voting Of Adani Green Energy Limited 21 Jan
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Announcement under Regulation 30 (LODR)-Acquisition
18 Jan - Binding Term Sheet between Adani Renewable Energy Holding Two Limited and Essel Infraprojects Limited.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022
Annual reports
Concalls
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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]