Adani Green Energy Limited Share Price & Analysis
Price Chart
Fundamentals
Concerns
- ✗Premium to sector peers (P/E 130x vs industry 49.5x)
- ✗High premium to book value (P/B 12.6x)
- ✗Heavy debt load (D/E 5.2x)
- ✗Trading near 52-week high (₹1,532)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹233 | ₹4.6L Cr | 35.6 | 6.91 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹361 | ₹3.6L Cr | 13.2 | 1.72 | 14 | 8.33 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹285 | ₹2.6L Cr | 16.5 | 2.64 | 16.5 | 9.74 | 1.37 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,579 | ₹1.8L Cr | 80.5 | 7.45 | 9.61 | 9.71 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹409 | ₹1.3L Cr | 34.9 | 3.3 | 10.1 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹581 | ₹1.1L Cr | 47.3 | 3.32 | 7.86 | 8.29 | 2.37 |
| NTPCGREEN NTPC Green Energy Limited | ₹101 +0.02% | ₹85K Cr | 163 | 4.63 | 2.79 | 3.53 | 1.65 |
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
Annual General Meeting
Annual General Meeting
Latest News
All news →Adani Group reports record $16B capex, ₹94,834Cr EBITDA in FY26
*Adani Group reports record $16B capex, ₹94,834Cr EBITDA in FY26*. The conglomerate announced a record capital expenditure of **$16 billion** and achieved an all-time high EBITDA of **₹94,834 crore** in FY26. This signals aggressive expansion and strong operational performance across its energy, ports, and infrastructure businesses. Investor focus shifts to debt levels and project execution timelines. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Capex
Adani Group reports highest-ever capex by Indian corporate
*Adani Group reports highest-ever capex by Indian corporate.* The conglomerate has announced a record capital expenditure of **₹4.3 lakh crore** across its portfolio companies, marking the largest capex by any Indian corporate. This massive investment is focused on green energy, ports, transmission, and gas infrastructure. The move signals strong long-term growth ambitions and could influence sectoral F&O activity. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Capex
Adani Group plans record capex in FY26.
*Adani Group plans record capex in FY26.* The conglomerate aims to spend over **$10 billion** in FY26, marking the highest planned capex by any Indian corporate. This massive investment is spread across ports, energy, and green infrastructure. Expansion signals strong long-term growth intent across its listed entities. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ADANITRANS, ATGL, AMBUJACEM, UNIONCEM | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex #Adani #Infrastructure
Adani stocks surge, recouping losses post-Hindenburg report
*Adani stocks surge, recouping losses post-Hindenburg report* — Adani group companies extended their rally, with **Adani Enterprises up 15%** and **Adani Green Energy up 22%** in a week, recovering much of the **$150 billion** lost after the 2023 Hindenburg report. Institutional buying and reduced short interest fueled the rebound. Recent clarifications from the group and strong volume trades signaled renewed investor confidence. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL, ADANIPOWER, AMBUJACEM, NDTV | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Adani
Adani Group market value nears ₹19 trillion
*Adani Group market value nears ₹19 trillion* as stocks recover past losses. The combined market cap has nearly erased all declines since the 2023 Hindenburg report. Key entities like Adani Enterprises and Adani Green Energy surged, reflecting strong investor sentiment. Recovery signals improved confidence in the conglomerate’s fundamentals. 📊 *STOCKS:* ADANIENT | 🏢 *SECTOR:* CapitalMarkets | #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 ▲18.6% | ₹7.8K Cr ▲51.5% | ₹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 | ₹2.2K Cr ▼7.0% | ₹2.3K Cr ▲23.5% | ₹1.9K Cr ▼33.0% | ₹2.8K Cr ▲73.1% | ₹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 ▲21.1% | ₹8.9K Cr ▲21.1% | ₹7.3K Cr ▲47.7% | ₹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% ▼1.3% | 80.0% ▲25.0% | 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 | ₹672 Cr ▼48.9% | ₹1.3K Cr ▼0.5% | ₹1.3K Cr ▲98.4% | ₹667 Cr ▲31.6% | ₹507 Cr ▲29.7% | ₹391 Cr ▲452.3% | ₹-111 Cr ▼252.1% | ₹73 Cr ▲73.8% | ₹42 Cr ▼47.5% | ₹80 Cr |
| Interest | ₹6.5K Cr ▲18.1% | ₹5.5K Cr ▲7.9% | ₹5.1K Cr ▲74.8% | ₹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 | ₹1.6K Cr ▼28.5% | ₹2.2K Cr ▲32.6% | ₹1.7K Cr ▲17.2% | ₹1.4K Cr ▲157.9% | ₹553 Cr ▲186.5% | ₹193 Cr ▲486.0% | ₹-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 ▲16.5% | ₹9.1K Cr ▲58.4% | ₹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 | ₹20.6K Cr ▲10.8% | ₹18.6K Cr ▲47.7% | ₹12.6K Cr ▲133.9% | ₹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 ▲30.1% | ₹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 ▲31.3% | ₹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 | ₹19.9K Cr ▲46.4% | ₹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 ▲30.1% | ₹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 ▲132.3% | ₹3.1K Cr ▲95.3% | ₹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 ▲79.4% | ₹-18.7K Cr ▼105.0% | ₹-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 | ₹-15.8K Cr ▲3.8% | ₹-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 ▼49.0% | 104d ▼19.4% | 129d ▼26.3% | 175d ▲65.1% | 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 ▼49.0% | 104d ▼19.4% | 129d ▼26.3% | 175d ▲65.1% | 106d ▲68.3% | 63d ▼69.9% | 209d ▼14.7% | 245d |
| Working Capital Days | -323d ▲25.9% | -436d ▲51.8% | -905d ▼417.1% | -175d ▲69.6% | -576d ▼41.5% | -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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