Adani Green Energy Ltd.

NSE: ADANIGREEN · Power Generation

52W Range₹765 ₹1,632

Snapshot

Unlock Adani Green Energy Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Adani Green Energy Limited is a renewable energy company that develops, owns, and operates solar, wind, and hybrid power plants. It supplies electricity to central and state government entities and government-backed corporations across India.

Business Model

The company generates revenue by selling renewable energy through long-term power purchase agreements with government-backed entities. It focuses on scaling its operational capacity through the construction and management of large-scale solar and wind infrastructure.

  • Operational Solar Capacity:4,763 MW
  • Operational Wind Capacity:647 MW

Growth Outlook

Growth is driven by the aggressive expansion of renewable energy capacity to meet India's increasing power demand and decarbonisation targets. The company continues to invest in hybrid projects to optimise energy generation and grid stability.

Key Risks

  • Regulatory and Policy Risk. Changes in government renewable energy policies or tariff structures could adversely impact the company's long-term revenue stability.
  • Counterparty Credit Risk. The company's reliance on state-owned distribution companies for payments exposes it to potential delays in receivables and liquidity constraints.
  • Execution and Operational Risk. Delays in project commissioning or technical underperformance of solar and wind assets could hinder capacity expansion targets.
  • Financing Risk. High capital expenditure requirements for renewable projects make the company sensitive to interest rate fluctuations and debt refinancing conditions.

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Key Metrics

REVENUE

₹13,559 Cr

TTM · consolidated

+10.3%YoY

NET PROFIT

₹2,146 Cr

TTM · consolidated

-2.3%YoY

EPS

₹10.44

TTM · consolidated

+4.4%YoY

RETURN ON EQUITY

13.4%

TTM · consolidated

-4.7 ppYoY

RETURN ON CAPITAL EMPLOYED

8.1%

TTM · consolidated

+0.4 ppYoY

P/E

124.6x

Q1 FY27 · consolidated

124.6 vs -133.4x5Y avg

EV/EBITDA

24.9x

Q1 FY27 · consolidated

24.9 vs 141.2x5Y avg

EBITDA MARGIN

93.1%

TTM · consolidated

+9.7 ppYoY

NET PROFIT MARGIN

22.2%

Q1 FY27 · consolidated

+0.5 ppYoY

DEBT TO EQUITY

5.1x

Q1 FY27 · consolidated

-1.35xYoY

Peers · Power Generation

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Adani Green Energy Ltd.ADANIGREEN
₹2.14L Cr124.6524.8710.3%93.1%13.4%8.1%+40.1%
NTPC Ltd.NTPC
₹3.22L Cr11.619.612.4%31.9%14.6%9.4%+0.7%
JSW Energy Ltd.JSWENERGY
₹98,981 Cr48.1615.3935.4%58.5%8.5%8.4%+7.4%
NHPC Ltd.NHPC
₹76,593 Cr20.1718.7012.0%55.5%10.5%4.7%-2.4%
NTPC Green Energy Ltd.NTPCGREEN
₹75,298 Cr125.8635.0590.7%3.2%3.7%-13.6%
NLC India Ltd.NLCINDIA
₹37,862 Cr11.389.3316.8%37.9%16.7%8.8%+18.3%

As of Q1 FY27

Financials