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 ₹ 1,81,855 Cr.
- Current Price ₹ 1,148
- High / Low ₹ 2,174 / 870
- Stock P/E 141
- Book Value ₹ 66.8
- Dividend Yield 0.00 %
- ROCE 9.65 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 36.1% CAGR over last 5 years
- Debtor days have improved from 95.1 to 53.1 days.
- Promoter holding has increased by 3.43% over last quarter.
Cons
- Stock is trading at 17.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
* 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
Part of BSE Dollex 200 BSE 100 LargeCap TMC Index Nifty100 ESG Nifty 500 Multicap 50:25:25 BSE Allcap
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 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
502 | 1,480 | 2,058 | 2,549 | 3,124 | 5,133 | 7,776 | 9,220 | 10,728 | |
98 | 637 | 532 | 1,098 | 883 | 1,621 | 2,806 | 1,902 | 2,563 | |
Operating Profit | 403 | 843 | 1,526 | 1,450 | 2,241 | 3,512 | 4,970 | 7,318 | 8,165 |
OPM % | 80% | 57% | 74% | 57% | 72% | 68% | 64% | 79% | 76% |
80 | 42 | 73 | -111 | 391 | 507 | 667 | 1,262 | 906 | |
Interest | 334 | 552 | 1,121 | 995 | 1,953 | 2,617 | 2,911 | 5,006 | 5,257 |
Depreciation | 333 | 543 | 1,062 | 394 | 486 | 849 | 1,300 | 1,903 | 2,189 |
Profit before tax | -184 | -210 | -585 | -50 | 193 | 553 | 1,426 | 1,671 | 1,625 |
Tax % | -75% | -35% | -19% | 23% | 6% | 12% | 32% | 25% | |
-47 | -138 | -475 | -68 | 182 | 489 | 973 | 1,260 | 1,710 | |
EPS in Rs | -0.37 | -1.00 | -3.03 | -0.15 | 1.34 | 3.13 | 6.15 | 6.94 | 7.13 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 43% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 68% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | -6% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 18% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,584 | 1,584 | 1,584 |
Reserves | -71 | -223 | 369 | 793 | 636 | 1,050 | 5,720 | 8,250 | 8,992 |
4,347 | 9,864 | 11,142 | 14,866 | 24,209 | 52,832 | 54,223 | 64,858 | 67,430 | |
610 | 4,503 | 1,582 | 1,201 | 2,283 | 3,508 | 5,382 | 13,394 | 20,252 | |
Total Liabilities | 6,160 | 15,709 | 14,658 | 18,424 | 28,692 | 58,954 | 66,909 | 88,086 | 98,258 |
4,341 | 9,120 | 10,388 | 12,554 | 16,429 | 28,452 | 48,336 | 62,284 | 64,632 | |
CWIP | 267 | 1,725 | 743 | 1,208 | 4,452 | 19,899 | 5,291 | 6,427 | 14,617 |
Investments | 26 | 87 | 77 | 476 | 502 | 574 | 1,149 | 1,515 | 2,331 |
1,525 | 4,777 | 3,449 | 4,186 | 7,309 | 10,029 | 12,133 | 17,860 | 16,678 | |
Total Assets | 6,160 | 15,709 | 14,658 | 18,424 | 28,692 | 58,954 | 66,909 | 88,086 | 98,258 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
28 | 649 | 1,625 | 1,965 | 1,601 | 3,127 | 7,265 | 7,713 | |
-1,511 | -4,428 | -2,666 | -3,743 | -9,137 | -18,730 | -3,857 | -21,060 | |
1,559 | 3,942 | 1,045 | 2,161 | 7,083 | 15,986 | -2,973 | 13,953 | |
Net Cash Flow | 76 | 162 | 3 | 383 | -453 | 383 | 435 | 606 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 245 | 209 | 134 | 106 | 175 | 129 | 104 | 53 |
Inventory Days | 383 | |||||||
Days Payable | 455 | |||||||
Cash Conversion Cycle | 245 | 209 | 63 | 106 | 175 | 129 | 104 | 53 |
Working Capital Days | 244 | -345 | -51 | -33 | 79 | 102 | 27 | -7 |
ROCE % | 4% | 4% | 8% | 10% | 8% | 8% | 10% |
Documents
Announcements
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Rumour verification - Regulation 30(11)
6 Dec - Clarification on media report regarding power agreements.
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Rumour verification - Regulation 30(11)
6 Dec - Clarification on media report regarding power transfer to Adani Green.
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Clarification sought from Adani Green Energy Ltd
5 Dec - Exchange has sought clarification from Adani Green Energy Ltd on December 5, 2024, with reference to news appeared in https://economictimes.indiatimes.com dated December 5, 2024 quoting …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Company to interact with investors on December 10-11, 2024.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Dec
Annual reports
Concalls
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Nov 2024Transcript PPT
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Oct 2018TranscriptPPT
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Adani Group
The company is part of the Adani Group, an Indian industrial conglomerate with 10 publicly traded companies in Energy & Utility, Transport & Logistics, Materials, Metal & Mining, and D2C segments. The promoter group holds a 56% stake in the company as of FY24. [1]