Adani Green Energy Limited
₹1,295.35-₹8.35 (-0.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,54,111 Cr
- P/E
- 127.0x
- EV / EBITDA
- 163.7x
- Revenue
- ₹19,613 Cr
- Net margin
- -4.5%
- ROCE
- 0.8%
Price chart
Technical chartScreen technicals →+13.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.4%
- 3M
- -4.7%
- 6M
- +5.7%
- 1Y
- +13.7%
- 5Y
- +8.0%
52-week range
Day change -₹8.35 (-0.6%) from ₹1,304 to ₹1,295 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ADANIGREEN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 57.3%
Concerns1
- Low interest coverage ratio of 0.2x
Rule-based from financial data. Not advice.
About the company
Adani Green Energy Limited generates and supplies renewable energy to central and state government entities and government backed corporations in India. The company develops, builds, owns, operates, and maintains power plants through renewable sources, such as solar, wind, and hybrid. It operates solar power plants with an operational capacity of 10,103 megawatts (MW); wind power plants with an operational capacity of 2,000 MW; and hybrid power plants with an operational capacity of 2,140 MW. Adani Green Energy Limited was incorporated in 2015 and is headquartered in Ahmedabad, India.
- Sector
- Energy
- Shares outstanding
- 164 Cr shares
- ISIN
- INE364U01010
- BSE code
- 541450
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,54,111 Cr
- P/E
- 127.0x
- P/B
- 10.4x
- EV / EBITDA
- 163.7x
- EV / Sales
- 14.5x
- P/S
- 12.8x
- Earnings yield
- 0.8%
- 52-week high
- ₹1,604.40
- 52-week low
- ₹772.10
Profitability
- Operating margin
- 1.9%
- Net margin
- -4.5%
- EBITDA margin
- 8.8%
- ROE
- -7.3%
- ROCE
- 0.8%
- ROA
- -1.3%
- Dividend payout
- 0.0%
- Tax rate
- 11.0%
- Other income, % of PBT
- -168.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹19,613 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 63.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 57.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,060 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 86.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -219.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2,482 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -149.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹237 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 44.4%
Solvency and efficiency
- Current ratio
- 3.67
- Debt / Equity
- 3.06
- Debt / Assets
- 0.55
- Debt / EBITDA
- 21.62
- Interest coverage
- 0.15
- Financial leverage
- 5.52
- CFO / Net profit
- 4.55
- Cash / Market cap
- 11.2%
- Cash per share
- ₹105.15
- Asset turnover
- 0.29
- Fixed asset turnover
- 13.68
- Capital intensity
- 0.07
- Debtor days
- 74 days
- Cash conversion cycle
- 74 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹3 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹18,078 Cr |
| Sales | Operating profit | ₹1,535 Cr |
| Operating profit | Interest | ₹1,535 Cr |
| Other income | Interest | ₹214 Cr |
| Other income | Depreciation | ₹61 Cr |
| Other income | Profit before tax | ₹762 Cr |
| Profit before tax | Tax and other | ₹108 Cr |
| Profit before tax | Net profit | ₹654 Cr |
Revenue and net profit
Revenue grew 63.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,473 Cr | ₹364 Cr |
| FY2022 | ₹10,672 Cr | -₹58 Cr |
| FY2023 | ₹7,629 Cr | -₹328 Cr |
| FY2024 | ₹12,001 Cr | -₹546 Cr |
| FY2025 | ₹19,613 Cr | ₹654 Cr |
Cash flows
FY2025: ₹1.00 Cr from operations, ₹4,540 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹718 Cr | -₹2,992 Cr |
| FY2022 | ₹1,455 Cr | -₹11,033 Cr |
| FY2023 | ₹5,003 Cr | ₹2,512 Cr |
| FY2024 | -₹2,482 Cr | -₹9,875 Cr |
| FY2025 | ₹1 Cr | ₹4,540 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹19,613 Cr+63.4%1Y
- Net profit
- ₹654 Cr
- Cash from operations
- ₹1 Cr
- Free cash flow
- ₹4,540 Cr
- Revenue CAGR, 5Y
- 57.3%
- EBITDA CAGR, 5Y
- 29.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹19,613 Cr | ₹1,535 Cr | — | ₹654 Cr | ₹1 Cr | ₹4,540 Cr | 8.0% | +63.4% | -219.8% |
Monthly returns
Month-by-month returns of ADANIGREEN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹41,867 Cr |
| Equity capital | ₹1,584 Cr |
| Reserves | ₹6,628 Cr |
| Borrowings | ₹20,244 Cr |
| Other liabilities | ₹13,411 Cr |
| Assets | ₹41,867 Cr |
| Fixed assets | ₹1,501 Cr |
| Capital work in progress | ₹669 Cr |
| Investments | ₹23,747 Cr |
| Other assets | ₹15,950 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ADANIGREEN trades at 127.0x earnings against a peer median of 24.8x (a 412% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Adani Green Energy LimitedADANIGREENthis companyP/E ↑ premium | ₹1.5 L Cr | 127.0x | 10.4x | -7.3% | 163.7x |
| Adani Enterprises Ltd.ADANIENT | ₹2.5 L Cr | 108.0x | 8.9x | 17.1% | 54.6x |
| POWER GRID CORPORATION OF INDIA LIMITEDPOWERGRID | ₹2.4 L Cr | 15.6x | 2.4x | 17.8% | 8.8x |
| Indian Oil Corporation Ltd.IOC | ₹2.2 L Cr | 9.7x | 1.2x | 22.4% | 4.3x |
| Bharat Petroleum Corpn. Ltd.BPCL | ₹1.5 L Cr | 7.1x | 1.7x | 35.7% | 3.8x |
| Adani Energy Solutions LimitedADANIENSOL | ₹1.1 L Cr | 181.0x | 5.6x | 5.4% | 114.6x |
| Gail (India) Ltd.GAIL | ₹1.1 L Cr | 13.4x | 1.5x | 13.8% | 7.9x |
| Hindustan Petroleum Corporation LtdHINDPETRO | ₹95,486 Cr | 6.5x | 1.8x | 35.8% | 5.5x |
| JSW Energy LimitedJSWENERGY | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
ADANIGREEN since 1 January, against earlier years.
Historical volatility
ADANIGREEN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 1.0% |
| FY2022 | 1.0% |
| FY2023 | -2.0% |
| FY2024 | 2.0% |
| FY2025 | 8.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹19,613 Cr |
| Costs | |
| Interest | ₹1,749 Cr |
| Expenses | ₹18,078 Cr |
| Operating profitOperating Profit | ₹1,535 Cr |
| Other income and charges | |
| Profit before tax | ₹762 Cr |
| Tax | |
| Net profitNet Profit | ₹654 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹41,867 Cr |
| Equity capitalEquity Capital | ₹1,584 Cr |
| Reserves | ₹6,628 Cr |
| Borrowings | ₹20,244 Cr |
| Other liabilitiesOther Liabilities | ₹13,411 Cr |
| AssetsTotal Assets | ₹41,867 Cr |
| Fixed assetsFixed Assets | ₹1,501 Cr |
| Capital work in progressCWIP | ₹669 Cr |
| Investments | ₹23,747 Cr |
| Other assetsOther Assets | ₹15,950 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1 Cr |
| Investing cash flowCash from Investing Activity | ₹4,539 Cr |
| Financing cash flowCash from Financing Activity | -₹4,303 Cr |
| Change in cashNet Cash Flow | ₹237 Cr |
Learn while you research
Academy chapters picked for Adani Green Energy Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 127.0, learn when high multiples are justified.6 min read
- 04 Growth Investing63% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Leverage RatiosDebt/Equity of 3.06 is elevated, understand what that means for solvency.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read