Adani Green Energy Ltd

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

Adani Green Energy Ltd

₹ 1,016 2.38%
27 Jun - close price
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

Part of Adani Group
The company is a part of the Adani Group, a leading Indian conglomerate with 9 publicly listed firms across sectors like energy & utility, transport & logistics, materials, metal & mining, etc. As of FY25, the promoter group owned about a 61% stake in the company. [1]

Website BSE NSE
  • Market Cap ₹ 1,64,791 Cr.
  • Current Price ₹ 1,016
  • High / Low ₹ 2,092 / 758
  • Stock P/E 99.0
  • Book Value ₹ 76.6
  • Dividend Yield 0.00 %
  • ROCE 8.70 %
  • ROE 14.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 127% CAGR over last 5 years
  • Debtor days have improved from 68.9 to 50.1 days.

Cons

  • Stock is trading at 13.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • 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

Utilities Power Power Power Generation

Part of BSE 500 BSE 100 BSE 200 Nifty Next 50 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,461 1,635 1,584 1,971 2,598 2,162 2,220 2,311 2,527 2,835 3,055 2,340 3,073
489 687 718 1,118 334 81 521 645 693 392 850 460 671
Operating Profit 972 948 866 853 2,264 2,081 1,699 1,666 1,834 2,443 2,205 1,880 2,402
OPM % 67% 58% 55% 43% 87% 96% 77% 72% 73% 86% 72% 80% 78%
111 66 100 216 265 178 353 264 234 219 224 280 39
Interest 667 458 498 617 1,338 1,393 1,165 1,242 1,224 1,440 1,369 1,251 1,368
Depreciation 274 280 298 330 392 451 474 481 497 593 618 618 663
Profit before tax 142 276 170 122 799 415 413 207 347 629 442 291 410
Tax % 15% 21% 14% 52% 38% 34% 29% 33% 24% 29% 6% -37% 29%
121 214 149 103 507 323 371 256 310 629 515 474 383
EPS in Rs 0.77 1.35 0.94 0.65 3.21 2.03 2.35 1.62 0.95 2.82 1.74 3.11 1.45
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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 Mar 2024 Mar 2025
502 1,480 2,058 2,549 3,124 5,133 7,776 9,220 11,212
98 637 532 1,098 883 1,621 2,806 1,881 2,323
Operating Profit 403 843 1,526 1,450 2,241 3,512 4,970 7,339 8,889
OPM % 80% 57% 74% 57% 72% 68% 64% 80% 79%
80 42 73 -111 391 507 667 1,323 1,316
Interest 334 552 1,121 995 1,953 2,617 2,911 5,088 5,492
Depreciation 333 543 1,062 394 486 849 1,300 1,903 2,498
Profit before tax -184 -210 -585 -50 193 553 1,426 1,671 2,215
Tax % -75% -35% -19% 23% 6% 12% 32% 25% 10%
-47 -138 -475 -68 182 489 973 1,260 2,001
EPS in Rs -0.37 -1.00 -3.03 -0.15 1.34 3.13 6.15 6.94 9.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 34%
3 Years: 30%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 127%
3 Years: 56%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: -19%
1 Year: -43%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 16%
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 Mar 2025
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 9,058 10,553
4,347 9,864 11,142 14,866 24,209 52,832 54,223 64,858 80,040
610 4,503 1,582 1,201 2,283 3,508 5,382 12,586 18,587
Total Liabilities 6,160 15,709 14,658 18,424 28,692 58,954 66,909 88,086 110,764
4,341 9,120 10,388 12,554 16,429 28,452 48,336 62,284 79,914
CWIP 267 1,725 743 1,208 4,452 19,899 5,291 6,427 14,480
Investments 26 87 77 476 502 574 1,149 1,515 2,743
1,525 4,777 3,449 4,186 7,309 10,029 12,133 17,860 13,627
Total Assets 6,160 15,709 14,658 18,424 28,692 58,954 66,909 88,086 110,764

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 Mar 2025
28 649 1,625 1,965 1,601 3,127 7,265 7,713 8,364
-1,511 -4,428 -2,666 -3,743 -9,137 -18,730 -3,857 -21,060 -19,828
1,559 3,942 1,045 2,161 7,083 15,986 -2,973 13,953 12,068
Net Cash Flow 76 162 3 383 -453 383 435 606 604

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 245 209 134 106 175 129 104 53 50
Inventory Days 383
Days Payable 455
Cash Conversion Cycle 245 209 63 106 175 129 104 53 50
Working Capital Days 244 -345 -51 -33 79 102 27 -7 -83
ROCE % 4% 4% 8% 10% 8% 8% 10% 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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