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Adani Green Energy Ltd.
NSE: ADANIGREEN · Power
₹1,424.10+0.65%06 Nov 2026
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Instant answers about Adani Green Energy Ltd. — computed from its filings, no language modelMarket cap₹2,34,549 cr
Current price₹1,424.10
High / Low₹1,604 / ₹773
P/E125.2
P/B10.86
Book value₹131.1
ROE8.7%
ROCE7.3%
Debt / equity5.20
Dividend yield0.14%
EPS (TTM)₹11.38
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 2,058 | 2,549 | 3,124 | 5,133 | 7,792 | 9,220 | 12,928 |
| EBITDA | 1,525 | 1,450 | 2,314 | 3,539 | 4,931 | 7,297 | 10,768 |
| Operating margin | 74.1% | 56.9% | 74.1% | 68.9% | 63.3% | 79.1% | 83.3% |
| Interest | 1,121 | 995 | 1,953 | 2,617 | 2,911 | 5,006 | 6,484 |
| Depreciation | 1,062 | 394 | 486 | 849 | 1,300 | 1,903 | 3,372 |
| Profit before tax | -585 | -50 | 187 | 552 | 1,367 | 1,382 | 1,584 |
| Tax | -113 | 11 | 11 | 64 | 453 | 411 | 14 |
| Net profit | -474 | -23 | 210 | 489 | 974 | 1,100 | 1,652 |
| EPS ₹ | -3.57 | -0.74 | 0.68 | 2.41 | 5.41 | 6.21 | 9.65 |
| Operating cash flow | — | — | — | 3,060 | 7,265 | 7,713 | 10,135 |
| Capex | — | — | — | 14,792 | 3,376 | 15,773 | 26,097 |
| Dividend paid | — | — | — | 0 | 0 | 0 | 332 |
| Total assets | 14,658 | 18,425 | 28,721 | 59,167 | 67,361 | 88,538 | 1,44,097 |
| Equity | 1,934 | 2,402 | 2,274 | 2,614 | 7,304 | 9,834 | 19,965 |
Quarterly performance
last 31 quarters · ₹ crore| SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 449 | 456 | 681 | 661 | 688 | 504 | 696 | 779 | 612 | 749 | 986 | 977 | 1,295 | 1,400 | 1,461 | 1,635 | 1,586 | 1,973 | 2,598 | 2,176 | 2,220 | 2,311 | 2,527 | 2,834 | 3,055 | 2,365 | 3,008 | 2,618 | 3,502 | 4,431 | 4,258 |
| Operating profit | 168 | 569 | 472 | 494 | 382 | 351 | 224 | 580 | 504 | 607 | 626 | 754 | 770 | 1,043 | 972 | 948 | 866 | 853 | 2,264 | 2,081 | 1,699 | 1,666 | 1,851 | 2,420 | 2,205 | 1,601 | 2,603 | 2,241 | 2,882 | 3,985 | 3,797 |
| Operating margin | 37.3% | 124.6% | 69.4% | 74.7% | 55.5% | 69.7% | 32.2% | 74.5% | 82.3% | 81.0% | 63.5% | 77.2% | 59.5% | 74.5% | 66.5% | 58.0% | 54.6% | 43.2% | 87.1% | 95.6% | 76.5% | 72.1% | 73.2% | 85.4% | 72.2% | 67.7% | 86.5% | 85.6% | 82.3% | 89.9% | 89.2% |
| Other income | 10 | 15 | 38 | 14 | 24 | 19 | 23 | 100 | 106 | 94 | 96 | 102 | 116 | 71 | 126 | 66 | 100 | 285 | 390 | 228 | 369 | 364 | 279 | 288 | 321 | 265 | 241 | 219 | 225 | 232 | 262 |
| Interest | 169 | 455 | 297 | 293 | 268 | 363 | 70 | 448 | 483 | 545 | 476 | 524 | 613 | 813 | 667 | 458 | 498 | 617 | 1,338 | 1,393 | 1,165 | 1,242 | 1,206 | 1,440 | 1,369 | 944 | 1,635 | 1,698 | 1,626 | 2,001 | 2,119 |
| Depreciation | 271 | 270 | 293 | 248 | -63 | 102 | 108 | 110 | 119 | 124 | 133 | 151 | 164 | 260 | 274 | 280 | 298 | 330 | 392 | 451 | 474 | 481 | 497 | 593 | 618 | 615 | 834 | 886 | 885 | 1,026 | 1,084 |
| Profit before tax | -263 | -142 | -80 | -131 | 200 | -169 | 50 | 51 | 8 | 31 | 100 | 261 | 108 | 41 | 142 | 276 | 170 | 122 | 799 | 415 | 413 | 207 | 347 | 628 | 442 | 291 | 292 | -135 | 488 | 1,188 | 856 |
| Tax | -75 | -22 | 8 | -33 | 99 | -40 | -14 | 32 | -6 | -10 | -4 | 42 | 8 | -7 | 21 | 59 | 24 | 63 | 307 | 142 | 119 | 68 | 82 | 179 | 26 | -109 | -237 | -37 | 56 | 263 | 191 |
| Net profit | -190 | -119 | -94 | -96 | 100 | -124 | 96 | 19 | 19 | 44 | 105 | 219 | 100 | 49 | 121 | 214 | 149 | 0 | 508 | 322 | 372 | 256 | 150 | 446 | 276 | 492 | 583 | -41 | 397 | 845 | 673 |
| EPS ₹ | -1.20 | -0.75 | -1.14 | -0.75 | 0.49 | -0.93 | 0.45 | 0.13 | -0.05 | 0.12 | 0.48 | 1.23 | 0.47 | 0.14 | 0.58 | 1.18 | 0.74 | 0.47 | 3.02 | 1.85 | 2.17 | 1.42 | 0.76 | 2.63 | 1.56 | 2.92 | 3.44 | -0.38 | 2.33 | 5.05 | 4.00 |
| Revenue YoY | — | — | — | — | 53.4% | 10.5% | 2.2% | 17.8% | -11.1% | 48.6% | 41.7% | 25.5% | 111.6% | 87.0% | 48.2% | 67.3% | 22.5% | 40.9% | 77.8% | 33.1% | 40.0% | 17.1% | -2.7% | 30.2% | 37.6% | 2.3% | -1.5% | 10.7% | — | — | 41.6% |
| Profit YoY | — | — | — | — | — | — | — | — | -81.2% | — | 8.9% | 1033.5% | 431.9% | 12.0% | 15.2% | -2.3% | 49.0% | -100.0% | 319.8% | 50.5% | 149.7% | — | -70.5% | 38.5% | -25.8% | 92.2% | 111.2% | -108.3% | — | — | 15.4% |
Earlier results (standalone, Jun '18 – Jun '18)
₹ crore · from BSE, before the NSE XBRL filings beginAdani Green Energy Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| JUN '18† | |
|---|---|
| Revenue | 36 |
| Operating profit | -6 |
| Operating margin | -16.0% |
| Other income | 75 |
| Interest | 79 |
| Depreciation | 2 |
| Profit before tax | -11 |
| Tax | -1 |
| Net profit | -10 |
| EPS ₹ | -0.07 |
Returns & margins
trailing-twelve-month, per quarter| JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.7% | -10.8% | -11.0% | -1.0% | 3.8% | 0.4% | 7.4% | 8.2% | 17.0% | 20.6% | 20.8% | 18.7% | 18.5% | 7.9% | 7.2% | 11.9% | 13.4% | 15.2% | 18.4% | 11.2% | 12.4% | 10.7% | 12.9% | 8.9% | 8.7% |
| ROCE | 4.7% | 9.2% | 8.3% | 26.9% | 36.4% | 37.1% | 47.9% | 20.6% | 23.3% | 25.5% | 28.2% | 19.7% | 19.4% | 5.2% | 5.0% | 7.0% | 8.7% | 9.6% | 10.7% | 8.8% | 9.1% | 9.0% | 8.8% | 7.2% | 7.3% |
| Net margin | -22.2% | -8.4% | -8.4% | -0.9% | 3.5% | 0.4% | 6.3% | 6.0% | 11.6% | 11.7% | 10.2% | 9.5% | 8.4% | 8.8% | 7.3% | 11.2% | 11.7% | 13.4% | 15.7% | 11.9% | 12.4% | 10.5% | 12.7% | 13.2% | 12.7% |
| EBITDA margin | 75.8% | 77.1% | 67.0% | 56.9% | 57.6% | 64.0% | 67.5% | 74.1% | 74.9% | 68.8% | 68.5% | 68.9% | 64.5% | 63.0% | 54.7% | 63.3% | 72.8% | 76.9% | 82.9% | 79.0% | 77.2% | 75.9% | 74.9% | 86.4% | 87.1% |
| Debt / equity | 5.53 | 5.53 | 5.53 | 0.46 | 0.46 | 0.46 | 0.46 | 3.58 | 3.58 | 3.58 | 3.58 | 5.16 | 5.16 | 7.70 | 7.70 | 7.42 | 7.42 | 7.23 | 7.23 | 6.41 | 6.41 | 6.20 | 6.20 | 5.08 | 5.20 |
| Interest coverage | 0.49 | 0.88 | 0.85 | 0.95 | 1.12 | 0.96 | 1.09 | 1.10 | 1.20 | 1.23 | 1.21 | 1.21 | 1.22 | 1.26 | 1.32 | 1.47 | 1.39 | 1.39 | 1.36 | 1.28 | 1.32 | 1.31 | 1.34 | 1.26 | 1.32 |
| Asset turnover | 0.15 | 0.17 | 0.17 | 0.14 | 0.14 | 0.14 | 0.15 | 0.11 | 0.12 | 0.14 | 0.16 | 0.09 | 0.10 | 0.10 | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | 0.10 | 0.11 | 0.11 | 0.11 | 0.09 | 0.09 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 1,274 | 1,564 | 1,564 | 1,564 | — | — | 1,584 | 1,584 | 1,584 | 1,584 | 1,584 | 1,647 | 1,647 | 1,647 |
| Other equity / reserves | -71 | -223 | 370 | 838 | -703 | -374 | 5,175 | 5,720 | 6,349 | 8,250 | 8,992 | 17,877 | 18,318 | 19,945 |
| Total equity | 1,203 | 1,341 | 1,934 | 2,402 | 2,274 | 2,614 | 6,759 | 7,304 | 7,933 | 9,834 | 10,576 | 19,524 | 19,965 | 21,592 |
| Borrowings | 4,298 | 9,724 | 10,690 | 1,115 | 8,141 | 13,484 | 52,041 | 54,223 | 57,378 | 63,060 | 65,606 | 85,997 | 1,01,440 | 1,12,311 |
| Current liabilities | 1,290 | 5,979 | 2,699 | 3,016 | 5,797 | — | 8,128 | 7,941 | 16,324 | 26,388 | 22,420 | 17,197 | 20,150 | 23,023 |
| Non-current liabilities | 3,667 | 8,388 | 10,027 | 13,099 | 20,667 | — | 47,122 | 51,568 | 46,722 | 44,276 | 53,409 | 78,921 | 94,068 | 1,07,353 |
| Total assets | 6,160 | 15,709 | 14,658 | 18,425 | 28,721 | 59,167 | 62,441 | 67,361 | 71,479 | 88,538 | 98,258 | 1,25,877 | 1,44,097 | 1,61,913 |
| Property, plant & equipment | 4,340 | 9,119 | 10,384 | 12,122 | 15,969 | 26,879 | 30,398 | 48,257 | 47,291 | 62,195 | 64,537 | 88,315 | 1,02,049 | 1,13,943 |
| Capital work-in-progress | 267 | 1,725 | 743 | 1,208 | 4,452 | 19,899 | 19,927 | 5,291 | 6,480 | 6,423 | 14,617 | 16,691 | 19,016 | 21,968 |
| Investments | 26 | 87 | 77 | — | — | — | 835 | 1,149 | 1,840 | 1,515 | 2,331 | 3,043 | 2,983 | 3,753 |
| Inventories | 0 | 1,692 | 136 | 104 | 29 | 17 | 35 | 52 | 52 | 291 | 133 | 105 | 136 | 144 |
| Receivables | 336 | 848 | 758 | 740 | 1,494 | 1,809 | 1,318 | 2,244 | 1,338 | 1,349 | 1,200 | 1,939 | 2,180 | 2,132 |
| Cash & equivalents | 85 | 251 | 254 | — | 184 | 567 | 256 | 1,002 | 798 | 1,608 | 4,342 | 2,855 | 1,735 | 1,859 |
Cash flow
annual · ₹ crore · line = free cash flow| FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 28 | 649 | 1,625 | 1,965 | 1,601 | 3,060 | 7,265 | 7,713 | 10,135 |
| Cash from investing | -1,510 | -4,428 | -2,666 | -3,743 | -9,225 | -18,663 | -3,857 | -21,060 | -26,227 |
| Cash from financing | 1,559 | 3,942 | 1,045 | 2,161 | 7,083 | 15,986 | -2,973 | 13,953 | 15,615 |
| Capex | 917 | 4,428 | 2,869 | — | — | 14,792 | 3,376 | 15,773 | 26,097 |
| Free cash flow | -889 | -3,780 | -1,245 | — | — | -11,732 | 3,889 | -8,060 | -15,962 |
| Dividends paid | — | — | — | — | — | 0 | 0 | 0 | 332 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹1,13,943 cr70%
CWIP₹21,968 cr14%
Investments₹3,753 cr2%
Inventories₹144 cr0%
Receivables₹2,132 cr1%
Cash & equivalents₹1,859 cr1%
Other assets₹18,114 cr11%
Peer comparison
largest in Power · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Adani Power Ltd. | 3,93,967 | 204.29 | 21.6 | 5.13 | 23.7% |
| NTPC Ltd. | 3,13,639 | 323.45 | 10.6 | 1.47 | 13.9% |
| Power Grid Corporation of India Ltd. | 2,41,723 | 259.90 | 14.9 | 2.26 | 15.2% |
| Adani Green Energy Ltd. | 2,34,549 | 1,424.10 | 125.2 | 10.86 | 8.7% |
| Adani Energy Solutions Ltd. | 1,78,233 | 1,457.40 | 48.1 | 5.69 | 11.8% |
| Tata Power Co. Ltd. | 1,12,645 | 352.50 | 29.2 | 2.85 | 9.8% |
| JSW Energy Ltd. | 96,224 | 524.95 | 41.5 | 2.62 | 6.3% |
| NHPC Ltd. | 82,450 | 82.08 | 19.1 | 1.88 | 9.9% |
| NTPC Green Energy Ltd. | 69,627 | 82.63 | 106.0 | 3.59 | 3.4% |
| Torrent Power Ltd. | 64,051 | 1,271.10 | 26.5 | 3.05 | 11.5% |
StoxGud checklist: Bullish setup · 7/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+6.2%
6 months+4.3%
1 year+28.0%
3Y CAGR+15.4%
5Y CAGR+3.0%
10Y CAGR—
50-day avg₹1,293.42
200-day avg₹1,232.26
RSI (14)65
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FAQs
What is the share price of Adani Green Energy Ltd.?
Adani Green Energy Ltd. (ADANIGREEN) closed at ₹1,424.10 on NSE on 06 Nov 2026.
What is the market cap of Adani Green Energy Ltd.?
₹2,34,549 crore at the latest close.
What is the P/E ratio of Adani Green Energy Ltd.?
125.2, on trailing-twelve-month earnings from its filings.
How fast is Adani Green Energy Ltd. growing?
Adani Green Energy Ltd.: revenue has compounded at 36.1% a year over three years; net profit at 50.0% a year. Latest-quarter revenue is up 41.6% year on year, profit up 15.4%.
How profitable is Adani Green Energy Ltd.?
On a trailing-twelve-month basis return on equity is 8.7%, return on capital employed 7.3%, operating margin 87.1%, net margin 12.7%.
How much debt does Adani Green Energy Ltd. have?
Adani Green Energy Ltd. is highly geared: debt to equity is 5.20 with borrowings of ₹1,12,311 cr against cash of ₹1,859 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.3 times.
Financials parsed from Adani Green Energy Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Adani Green Energy Ltd. · advanced chart