Adani Green Energy Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Premium to sector peers (P/E 99.9x vs industry 44.5x)
- High premium to book value (P/B 9.7x)
- Heavy debt load (D/E 5.5x)
Today's Price Action
The stock closed at ₹1269, unchanged from the prior session. Trading activity was 13,57,268 shares, exactly matching the 20‑day average volume, which suggests that market participants are neither aggressively buying nor selling at the moment. The flat price change together with average‑volume trade indicates a period of consolidation rather than a breakout or breakdown.
Valuation Snapshot
Adani Green Energy’s trailing P/E of 99.9 is markedly above the power‑sector median, where many peers report a P/E of zero because of earnings deficits. The P/B of 0 points to a book value that is effectively nil relative to market price, a situation that typically reflects high leverage or intangible assets. Despite the lofty valuation multiples, the company records a ROE of 11.4 %, indicating that the equity it does have is generating a modest return.
Key Levels to Watch
The current level of ₹1269 lies roughly 38 % above the 52‑week low of ₹765 and 22 % below the 52‑week high of ₹1,632, positioning the share in the lower‑mid segment of its annual range. Futures open‑interest data shows a noticeable concentration of contracts around the ₹1,200–₹1,250 zone, a region that often acts as a liquidity hub for short‑term traders.
Chart Pattern
On the daily timeframe, a bullish engulfing candle emerged three sessions ago, promptly followed by a dragonfly doji seven sessions ago. Both formations are recognised reversal patterns; the engulfing candle suggests a takeover of prior bearish pressure, while the dragonfly doji highlights indecision at the close, together painting a picture of a potential shift in short‑term momentum.
Data Summary
Key statistics for the stock are a trailing P/E of 99.9, P/B of 0, and an ROE of 11.4 %. Trading volume equals the 20‑day average at 13,57,268 shares, and the price sits in the lower half of its ₹765–₹1,632 52‑week range. No market‑capitalisation figure is disclosed in the data set.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹185 | ₹3.5L Cr | 19.3 | 4.64 | 21.1 | 17.2 | 0.82 |
| NTPC NTPC Limited | ₹304 | ₹2.9L Cr | 10.4 | 1.45 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹251 | ₹2.3L Cr | 14.5 | 2.33 | 15.3 | 9.1 | 1.37 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,294 | ₹1.5L Cr | 40.2 | 5.05 | 9.44 | 9.65 | 1.65 |
| TATAPOWER Tata Power Company Limited | ₹335 | ₹1.1L Cr | 28.4 | 2.7 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹483 | ₹82K Cr | 41 | 2.76 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹74 | ₹70K Cr | 18.5 | 1.81 | 9.32 | 5.75 | 1.09 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ADANIGREEN · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 56.37% | 56.37% | 57.51% | 60.93% | 60.93% | 60.93% |
| FII | 18.03% | 18.15% | 16.91% | 15.16% | 13.68% | 12.45% |
| DII | 1.50% | 1.55% | 1.46% | 1.45% | 1.73% | 2.40% |
| Public | 24.10% | 23.93% | 24.11% | 22.45% | 23.64% | 24.22% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
Annual General Meeting
Annual General Meeting
Latest News
All newsAdani Green reports Q2 FY27 earnings, updates investors
*Adani Green reports Q2 FY27 earnings, updates investors.* The company shared unaudited financial results for the quarter and half-year ended September 30, 2026, during an analyst call. Key metrics included revenue of **₹2,140 crore** and EBITDA of **₹1,020 crore**, reflecting strong growth in renewable operations. Capacity additions reached **1.2 GW**, boosting investor confidence. 📊 *STOCKS:* $ADANIGREEN | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Adani Green Energy reports Q2 2026 earnings
*Adani Green Energy reports Q2 2026 earnings*. The company has filed its financial results for the quarter ended September 30, 2026. Key metrics include revenue of **₹2,840 crore** and EBITDA of **₹1,020 crore**, reflecting strong capacity additions. Profit stood at **₹320 crore**, up 18% YoY due to improved operational efficiency. 📊 *STOCKS:* $ADANIGREEN | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
SEBI concludes Hindenburg probe on Adani Group
*SEBI concludes Hindenburg probe on Adani Group* after a multi-month investigation into alleged stock manipulation and accounting irregularities. While no penalties or charges were announced, the clean chit lifts regulatory overhang on the conglomerate. Investor sentiment may rebound, especially in Adani group stocks, which had fallen sharply post-report. **No fines or corrective measures** were imposed. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Adani
SEBI closes Hindenburg case against Adani Group firms
*SEBI closes Hindenburg-related proceedings against Adani Group entities.* This clears a major regulatory overhang that had pressured stocks since 2023. The resolution is positive for investor sentiment with **no penalties** imposed. The development removes uncertainty ahead of earnings and F&O expiry. 📊 *STOCKS:* ADANIENSOL, ADANIPORTS, ADANIGREEN, ATGL, ADANIPOWER, AMBUJACEMENT, ANDHRACEMENT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #SEBI #Adani
SEBI fines Adani firms ₹1.5 crore over Hindenburg allegations
*SEBI settles Hindenburg-related proceedings against Adani group firms for Rs 1.5 crore over alleged disclosure lapses.* The settlement, covering multiple Adani companies, draws political criticism with Congress calling it a 'grand amount'. **₹1.5 crore** penalty is seen as low given the scale of allegations. This closes a key regulatory overhang for the group. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGAS, ADANIGREEN, ADANITRANS, ADANIINFRA | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Adani Group plans $2.5 billion offshore refinancing
*Adani Group plans $2.5 billion offshore refinancing*, marking India’s largest offshore loan deal this year. The move strengthens liquidity and supports debt restructuring across group firms. **$2.5 billion** refinancing is fully backed by offshore assets and expected to lower borrowing costs. This reinforces investor confidence in the group’s financial strategy. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
SEBI intensifies enforcement in Adani-Hindenburg case
*SEBI intensifies enforcement in Adani-Hindenburg case*. The market regulator has ramped up investigative actions following the **Hindenburg report** alleging accounting irregularities and stock manipulation. This could lead to **fines, trading restrictions, or sanctions** impacting Adani group companies. Traders should monitor for potential volatility in F&O contracts amid regulatory uncertainty. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ATGL, AMBUJACEM, ACC | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #SEBI
Adani Group under market scrutiny post-Hindenburg
*Adani Group under market scrutiny post-Hindenburg*. The market continues to assess Adani's valuation and debt levels after the Hindenburg report. Volatility remains elevated in Adani stocks with mixed trading patterns. Investor sentiment hinges on transparency and near-term deleveraging. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL, ADANIPOWER, ADANISTOCK | 🏢 *SECTOR:* Risk | #HIGHIMPACT #Adani
Adani stocks plunge on MSCI index rebalancing
*Adani stocks plunge on MSCI index rebalancing* led to significant foreign outflows. MSCI reduced or eliminated weightings of Adani group stocks in its indices, triggering **$2.3 billion** in estimated sell-offs. The move follows heightened global investor scrutiny after the Hindenburg report. Most Adani counters fell **10–20%** in a single session. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #IndexRebalance
Adani offshore funds' settlement bids rejected
*Adani offshore funds' settlement bids rejected.* Indian authorities have rejected requests from Adani-linked offshore funds to settle non-disclosure cases, escalating regulatory scrutiny. This raises **significant legal and reputational risks** for the Adani group. The decision could trigger volatility in Adani stocks and broader market sentiment. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIGAS | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Adani
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.5K Cr 33.8% | ₹2.6K Cr 13.0% | ₹3.0K Cr 20.8% | ₹3.8K Cr 23.7% | ₹3.1K Cr 31.3% | ₹2.3K Cr 22.1% | ₹3.0K Cr 7.6% | ₹2.8K Cr |
| Op. Profit | ₹2.9K Cr 28.6% | ₹2.2K Cr 13.9% | ₹2.6K Cr 14.4% | ₹3.0K Cr 26.6% | ₹2.4K Cr 27.8% | ₹1.9K Cr 15.2% | ₹2.2K Cr 6.8% | ₹2.4K Cr |
| OPM | 82.0% 4.7% | 86.0% 1.1% | 87.0% 8.8% | 80.0% 2.6% | 78.0% 2.5% | 80.0% 8.1% | 74.0% 12.9% | 85.0% |
| Net Profit | ₹514 Cr 10180.0% | ₹5 Cr 99.2% | ₹644 Cr 21.8% | ₹824 Cr 115.1% | ₹383 Cr 19.2% | ₹474 Cr 8.0% | ₹515 Cr 18.1% | ₹629 Cr |
| EPS (₹) | 2.41 1064.0% | -0.25 107.1% | 3.54 19.4% | 4.39 202.8% | 1.45 53.4% | 3.11 78.7% | 1.74 38.3% | 2.82 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.9K Cr 15.3% | ₹11.2K Cr 21.6% | ₹9.2K Cr 18.3% | ₹7.8K Cr 51.8% | ₹5.1K Cr 64.3% | ₹3.1K Cr 22.6% | ₹2.5K Cr 23.9% | ₹2.1K Cr 39.1% | ₹1.5K Cr 194.8% | ₹502 Cr |
| Expenses | ₹2.1K Cr 7.7% | ₹2.3K Cr 22.1% | ₹1.9K Cr 32.6% | ₹2.8K Cr 74.1% | ₹1.6K Cr 83.6% | ₹883 Cr 19.7% | ₹1.1K Cr 106.6% | ₹532 Cr 16.5% | ₹637 Cr 550.0% | ₹98 Cr |
| Op. Profit | ₹10.8K Cr 21.3% | ₹8.9K Cr 21.5% | ₹7.3K Cr 47.2% | ₹5.0K Cr 41.5% | ₹3.5K Cr 56.7% | ₹2.2K Cr 54.6% | ₹1.4K Cr 5.0% | ₹1.5K Cr 81.0% | ₹843 Cr 109.2% | ₹403 Cr |
| OPM | 83.0% 5.1% | 79.0% 0.0% | 79.0% 23.4% | 64.0% 5.9% | 68.0% 5.6% | 72.0% 26.3% | 57.0% 23.0% | 74.0% 29.8% | 57.0% 28.7% | 80.0% |
| Other Income | ₹1.1K Cr 18.5% | ₹1.3K Cr 4.3% | ₹1.3K Cr 89.2% | ₹667 Cr 31.6% | ₹507 Cr 31.7% | ₹385 Cr 446.8% | ₹-111 Cr 252.1% | ₹73 Cr 73.8% | ₹42 Cr 47.5% | ₹80 Cr |
| Interest | ₹6.5K Cr 18.1% | ₹5.5K Cr 9.7% | ₹5.0K Cr 72.0% | ₹2.9K Cr 11.2% | ₹2.6K Cr 34.0% | ₹2.0K Cr 96.3% | ₹995 Cr 11.2% | ₹1.1K Cr 103.1% | ₹552 Cr 65.3% | ₹334 Cr |
| Depreciation | ₹3.4K Cr 35.0% | ₹2.5K Cr 31.3% | ₹1.9K Cr 46.4% | ₹1.3K Cr 53.1% | ₹849 Cr 74.7% | ₹486 Cr 23.4% | ₹394 Cr 62.9% | ₹1.1K Cr 95.6% | ₹543 Cr 63.1% | ₹333 Cr |
| PBT | ₹2.0K Cr 9.7% | ₹2.2K Cr 32.6% | ₹1.7K Cr 17.2% | ₹1.4K Cr 157.9% | ₹553 Cr 195.7% | ₹187 Cr 474.0% | ₹-50 Cr 91.5% | ₹-585 Cr 178.6% | ₹-210 Cr 14.1% | ₹-184 Cr |
| Tax % | 1.0% 90.0% | 10.0% 60.0% | 25.0% 21.9% | 32.0% 166.7% | 12.0% 100.0% | 6.0% 72.7% | 22.0% 215.8% | -19.0% 45.7% | -35.0% 53.3% | -75.0% |
| Net Profit | ₹2.0K Cr 0.7% | ₹2.0K Cr 58.8% | ₹1.3K Cr 29.5% | ₹973 Cr 99.0% | ₹489 Cr 168.7% | ₹182 Cr 367.6% | ₹-68 Cr 85.7% | ₹-475 Cr 244.2% | ₹-138 Cr 193.6% | ₹-47 Cr |
| EPS (₹) | 10.03 10.0% | 9.12 31.4% | 6.94 12.8% | 6.15 96.5% | 3.13 133.6% | 1.34 993.3% | -0.15 95.0% | -3.03 203.0% | -1 170.3% | -0.37 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹1.6K Cr 4.0% | ₹1.6K Cr 0.0% | ₹1.6K Cr 0.0% | ₹1.6K Cr 1.3% | ₹1.6K Cr 0.0% | ₹1.6K Cr 0.0% | ₹1.6K Cr 0.0% | ₹1.6K Cr 0.0% | ₹1.6K Cr 22.8% | ₹1.3K Cr |
| Reserves | ₹18.3K Cr 73.6% | ₹10.6K Cr 27.9% | ₹8.3K Cr 44.2% | ₹5.7K Cr 444.8% | ₹1.1K Cr 65.1% | ₹636 Cr 19.7% | ₹792 Cr 114.6% | ₹369 Cr 265.5% | ₹-223 Cr 214.1% | ₹-71 Cr |
| Borrowings | ₹1.0L Cr 29.4% | ₹80.0K Cr 23.4% | ₹64.9K Cr 19.6% | ₹54.2K Cr 2.6% | ₹52.8K Cr 118.2% | ₹24.2K Cr 62.8% | ₹14.9K Cr 33.4% | ₹11.1K Cr 13.0% | ₹9.9K Cr 126.9% | ₹4.3K Cr |
| Other Liabilities | ₹19.5K Cr 4.8% | ₹18.6K Cr 38.8% | ₹13.4K Cr 148.9% | ₹5.4K Cr 53.4% | ₹3.5K Cr 53.7% | ₹2.3K Cr 90.1% | ₹1.2K Cr 24.1% | ₹1.6K Cr 64.9% | ₹4.5K Cr 638.2% | ₹610 Cr |
| Total Liabilities | ₹1.4L Cr 29.1% | ₹1.1L Cr 25.7% | ₹88.1K Cr 31.7% | ₹66.9K Cr 13.5% | ₹59.0K Cr 105.5% | ₹28.7K Cr 55.7% | ₹18.4K Cr 25.7% | ₹14.7K Cr 6.7% | ₹15.7K Cr 155.0% | ₹6.2K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.0L Cr 27.8% | ₹79.9K Cr 28.3% | ₹62.3K Cr 28.9% | ₹48.3K Cr 69.9% | ₹28.5K Cr 73.2% | ₹16.4K Cr 30.9% | ₹12.6K Cr 20.9% | ₹10.4K Cr 13.9% | ₹9.1K Cr 110.1% | ₹4.3K Cr |
| CWIP | ₹19.0K Cr 31.4% | ₹14.5K Cr 125.3% | ₹6.4K Cr 21.5% | ₹5.3K Cr 73.4% | ₹19.9K Cr 347.0% | ₹4.5K Cr 268.5% | ₹1.2K Cr 62.6% | ₹743 Cr 56.9% | ₹1.7K Cr 546.1% | ₹267 Cr |
| Investments | ₹3.0K Cr 8.7% | ₹2.7K Cr 81.1% | ₹1.5K Cr 31.9% | ₹1.1K Cr 100.2% | ₹574 Cr 14.3% | ₹502 Cr 5.2% | ₹477 Cr 519.5% | ₹77 Cr 11.5% | ₹87 Cr 234.6% | ₹26 Cr |
| Other Assets | ₹18.8K Cr 38.2% | ₹13.6K Cr 23.7% | ₹17.9K Cr 47.2% | ₹12.1K Cr 21.0% | ₹10.0K Cr 37.2% | ₹7.3K Cr 74.6% | ₹4.2K Cr 21.3% | ₹3.4K Cr 27.8% | ₹4.8K Cr 213.2% | ₹1.5K Cr |
| Total Assets | ₹1.4L Cr 29.1% | ₹1.1L Cr 25.7% | ₹88.1K Cr 31.7% | ₹66.9K Cr 13.5% | ₹59.0K Cr 105.5% | ₹28.7K Cr 55.7% | ₹18.4K Cr 25.7% | ₹14.7K Cr 6.7% | ₹15.7K Cr 155.0% | ₹6.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹10.1K Cr 21.2% | ₹8.4K Cr 8.4% | ₹7.7K Cr 6.2% | ₹7.3K Cr 137.4% | ₹3.1K Cr 91.1% | ₹1.6K Cr 18.5% | ₹2.0K Cr 20.9% | ₹1.6K Cr 150.4% | ₹649 Cr 2217.9% | ₹28 Cr |
| Investing CF | ₹-26.2K Cr 32.3% | ₹-19.8K Cr 5.8% | ₹-21.1K Cr 446.0% | ₹-3.9K Cr 79.3% | ₹-18.7K Cr 104.3% | ₹-9.1K Cr 144.1% | ₹-3.7K Cr 40.4% | ₹-2.7K Cr 39.8% | ₹-4.4K Cr 193.1% | ₹-1.5K Cr |
| Financing CF | ₹15.6K Cr 29.4% | ₹12.1K Cr 13.5% | ₹14.0K Cr 569.3% | ₹-3.0K Cr 118.6% | ₹16.0K Cr 125.7% | ₹7.1K Cr 227.8% | ₹2.2K Cr 106.8% | ₹1.0K Cr 73.5% | ₹3.9K Cr 152.9% | ₹1.6K Cr |
| Net Cash Flow | ₹-477 Cr 179.0% | ₹604 Cr 0.3% | ₹606 Cr 39.3% | ₹435 Cr 13.6% | ₹383 Cr 184.5% | ₹-453 Cr 218.3% | ₹383 Cr 12666.7% | ₹3 Cr 98.1% | ₹162 Cr 113.2% | ₹76 Cr |
| Free Cash Flow | ₹-15.9K Cr 3.3% | ₹-16.4K Cr 105.3% | ₹-8.0K Cr 303.4% | ₹3.9K Cr 133.5% | ₹-11.7K Cr 159.0% | ₹-4.5K Cr 216.5% | ₹-1.4K Cr 15.0% | ₹-1.2K Cr 66.9% | ₹-3.8K Cr 323.3% | ₹-889 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60d 20.0% | 50d 5.7% | 53d 48.5% | 103d 20.2% | 129d 8.5% | 141d 33.0% | 106d 20.9% | 134d 35.9% | 209d 14.7% | 245d |
| Inventory Days | — | — | — | — | — | — | — | 383d | — | — |
| Days Payable | — | — | — | — | — | — | — | 455d | — | — |
| Cash Conv. Cycle | 60d 20.0% | 50d 5.7% | 53d 48.5% | 103d 20.2% | 129d 8.5% | 141d 33.0% | 106d 68.3% | 63d 69.9% | 209d 14.7% | 245d |
| Working Capital Days | -369d 15.4% | -436d 51.8% | -905d 417.1% | -175d 69.4% | -572d 40.5% | -407d 110.9% | -193d 6.0% | -182d 73.2% | -678d 211.0% | -218d |
| ROCE | 7.0% 22.2% | 9.0% 10.0% | 10.0% 25.0% | 8.0% 0.0% | 8.0% 20.0% | 10.0% 25.0% | 8.0% 100.0% | 4.0% 0.0% | 4.0% 100.0% | 2.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Adani Green Energy Limited
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]
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