Adani Green Energy Ltd

Adani Green Energy Ltd

₹ 905 0.51%
02 May - close price
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 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]

  • Market Cap 1,43,395 Cr.
  • Current Price 905
  • High / Low 2,174 / 758
  • Stock P/E 199
  • Book Value 51.8
  • Dividend Yield 0.00 %
  • ROCE 8.79 %
  • ROE 9.17 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 40.0% CAGR over last 5 years

Cons

  • Stock is trading at 17.5 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.01% over last 3 years.
  • Earnings include an other income of Rs.1,059 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,109 2,167 2,912 918 1,632 691 1,917 2,089 7,304 3,383 3,937 5,922 6,461
2,098 2,308 2,978 955 1,531 697 1,922 2,000 7,177 3,219 3,579 5,147 6,160
Operating Profit 11 -141 -66 -37 101 -6 -5 89 127 164 358 775 301
OPM % 1% -7% -2% -4% 6% -1% -0% 4% 2% 5% 9% 13% 5%
109 382 130 134 67 133 141 415 166 254 216 239 246
Interest 288 107 154 222 409 310 364 377 470 481 475 426 358
Depreciation 2 2 3 3 3 3 13 4 10 12 9 15 18
Profit before tax -170 132 -93 -128 -244 -186 -241 123 -187 -75 90 573 171
Tax % -32% 0% 0% -1% -2% 10% 7% 8% 4% 19% -10% 3% 51%
-116 132 -93 -127 -240 -205 -259 113 -195 -89 99 557 83
EPS in Rs -0.74 0.83 -0.59 -0.80 -1.52 -1.29 -1.64 0.71 -1.23 -0.56 0.62 3.52 0.52
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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
0 10 1,719 318 1,247 2,473 10,672 7,629 12,001 19,613
0 30 1,697 363 1,288 2,444 10,550 7,772 11,767 18,100
Operating Profit -0 -20 21 -45 -41 29 122 -143 234 1,513
OPM % -203% 1% -14% -3% 1% 1% -2% 2% 8%
0 8 67 303 333 656 530 713 826 1,059
Interest 1 27 131 288 214 258 775 892 1,521 1,749
Depreciation 0 10 9 8 3 4 7 11 30 61
Profit before tax -1 -49 -52 -39 75 423 -130 -333 -491 762
Tax % 0% 0% -11% -11% -79% 14% -55% -2% 11% 14%
-1 -49 -46 -35 134 364 -58 -328 -546 654
EPS in Rs -0.06 -0.39 -0.34 -0.22 0.86 2.33 -0.37 -2.07 -3.45 4.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 74%
3 Years: 22%
TTM: 63%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 110%
TTM: 258%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: -30%
1 Year: -50%
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
Equity Capital 160 1,274 1,564 1,564 1,564 1,564 1,564 1,584 1,584 1,584
Reserves -1 -50 -120 594 624 906 705 4,072 5,914 6,628
65 549 3,487 2,363 2,062 5,310 17,289 13,591 22,922 20,244
52 8 396 890 2,145 6,517 8,405 9,417 10,963 13,411
Total Liabilities 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 41,867
87 78 69 62 62 67 74 614 877 1,502
CWIP 0 1 0 1 1 1 8 385 217 668
Investments 165 1,354 1,530 2,030 682 2,920 17,839 20,755 22,995 23,747
24 349 3,728 3,319 5,650 11,309 10,042 6,910 17,294 15,950
Total Assets 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 41,867

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 145 100
Days Payable 60 47
Cash Conversion Cycle 189 189 361 27 377 31 139 74 135
Working Capital Days 12,062 654 2,493 397 -70 131 -31 1 8
ROCE % -2% 2% 5% 7% 9% 4% 3% 5% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.50% 60.75% 60.75% 57.26% 56.27% 56.26% 56.37% 56.37% 57.51% 60.93% 60.93% 60.93%
15.91% 15.25% 15.14% 17.13% 18.25% 18.16% 18.03% 18.15% 16.91% 15.16% 13.68% 12.45%
0.98% 1.26% 1.40% 1.45% 1.47% 1.49% 1.50% 1.55% 1.46% 1.45% 1.73% 2.40%
22.61% 22.74% 22.70% 24.16% 24.00% 24.09% 24.10% 23.93% 24.11% 22.45% 23.64% 24.22%
No. of Shareholders 3,71,7643,85,2973,93,1677,46,2946,92,3406,76,2716,93,0646,68,5867,42,5796,28,4259,00,7709,95,700

* 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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