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Adani Green Energy Ltd

ADANIGREEN

Adani Green Energy Ltd

ADANIGREEN
UtilitiesRenewable Energy
LargecapWith a market cap of ₹2,81,221 cr, stock is ranked 34
High RiskStock is 3.84x as volatile as Nifty
1,760.000.86% (-15.35)
1,760.000.86% (-15.35)

Price Chart

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1W
1M
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Max
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UtilitiesRenewable Energy
LargecapWith a market cap of ₹2,81,221 cr, stock is ranked 34
High RiskStock is 3.84x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

UtilitiesRenewable Energy
LargecapWith a market cap of ₹2,81,221 cr, stock is ranked 34
High RiskStock is 3.84x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
229.7616.12—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.863.771.15%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Adani Green Energy is a power generation company.It builds and operates solar and wind energy power plants in India

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 38.22%, vs industry avg of 11.03%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 9.82% to 27.09%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue581.951,531.412,130.992,629.003,605.005,642.008,676.0010,749.0011,193.00
Raw Materialssubtract————————2,500.00
Power & Fuel Costsubtract1.421.602.322.000.000.008.004.00
Employee Costsubtract38.9943.6559.65107.0038.0034.0040.0077.00
Selling & Administrative Expensessubtract44.8741.5377.3070.0092.00112.00138.00219.00
Operating & Other expensessubtract13.18560.00393.251,111.00843.001,477.002,853.001,869.00
Depreciation/Amortizationsubtract333.27542.991,061.96394.00486.00849.001,300.001,903.002,045.00
Interest & Other Itemssubtract334.14551.821,121.18995.001,953.002,617.002,911.005,006.005,053.00
Taxes & Other Itemssubtract-137.24-72.67-110.74-27.00-17.0064.00452.00571.00371.00
EPS-0.37-1.04-3.22-0.151.343.136.196.947.73
DPS0.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF

Investor Presentation

May 4PDF
Feb 4PDF
Aug 7PDF
FY 2022

Annual report

PDF

Investor Presentation

Jun 23PDF
Sep 8PDF
Sep 6PDF
FY 2023

Annual report

PDF

Investor Presentation

Feb 7PDF
Oct 14PDF
Oct 8PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 31PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesRenewable Energy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Adani Green Energy Ltd255.6616.12—
NHPC Ltd25.242.082.09%
Premier Energies Ltd220.8877.44—
SJVN Ltd51.363.331.51%

Price Comparison

Compare ADANIGREEN with any stock or ETF
Compare ADANIGREEN with any stock or ETF
ADANIGREEN
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Shareholdings

Promoter Holdings Trend

Increased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has increased by 4.56%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.75%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.94%0.09%1.36%15.15%22.46%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep18.26%18.16%18.03%18.15%16.91%15.15%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Adani Green Energy Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct Plan

Growth
0.0197%0.78%-0.19%39/59 (-1)
UTI Nifty Next 50 Index Fund - Direct Growth Plan

Growth
0.0137%0.78%-0.19%42/59 (-4)
HDFC NIFTY Next 50 Index Fund - Growth - Direct Plan

Growth
0.0050%0.78%-0.19%42/59 (-4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ADANIGREEN has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

Hmm, looks like data is unavailable here. Please come back after some time
News & Opinions
Corporate
Adani Green Energy enters into power consumption agreement for new 61.4 MW renewable energy plant

Adani Renewable Energy Three, a wholly-owned stepdown subsidiary of Adani Green Energy has entered into power consumption agreement (PCA) for supply of green power to a commercial and industrial (C&I) customer. The said green power shall be supplied from a new 61.4 MW renewable energy plant, located at Khavda, Gujarat.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
TotalEnergies acquires 50% stake in Adani Renewable Energy Sixty Four

Adani Green Energy and TotalEnergies (a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity) have entered into a joint venture, pursuant to which the Company and TotalEnergies own a 50:50 stake in Adani Renewable Energy Sixty Four (ARE64L), which in-turn houses a 1,150 MWac project portfolio, being a mix of following operational and under execution solar assets, with a blend of both, merchant based and SECI PPA projects housed under Adani Renewable Energy Fifty Six (hereinafter referred to as 'Project Portfolio Company'). As part of the transaction, TotalEnergies has acquired a 50% stake in ARE64L, for an amount of USD 444 Million which are terms more beneficial to the Company (Transaction) as also disclosed pursuant to the notice issued for calling an extraordinary general meeting of the shareholders issued on 02 September 2024. With this investment, ARE64L has now become 50-50 owned by the Company and TotalEnergies.  Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Adani Green Energy redeems USD 750 million Holdco Notes

Adani Green Energy (AGEL) has completed redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL's announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate full redemption of Holdco Notes upon maturity in compliance with applicable guidelines. Issued in September 2021, the three-year Holdco Notes have supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold ' from 3.5 GW to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48%. AGEL's overall capital management philosophy has remained focused on long-term value creation through asset development and positioned AGEL as a self-propelled growth engine. It also emphasizes the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise program. With this, AGEL is committed to having capital market issuances tailored for long-term infra asset class supported through the predictable and robust cashflow stream to attain long curve emulating underlying asset life.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Adani Green Energy to convene EGM

Adani Green Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 September 2024 .Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Adani Green Energy announces JV with TotalEnergies

Adani Green Energy (AGEL) and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world's largest renewable energy plant in Khavda, Gujarat. AGEL will contribute its current assets to the new JV, while TotalEnergies plans to inject USD 444 million to accelerate the development of these projects. This investment underscores AGEL and TotalEnergies' commitment to bolstering collaboration, aligning with their shared objective of expediting India's transition to clean energy. It is a testament of AGEL's proven capabilities in delivering green energy at unprecedented speed and scale. The electricity generated from the 1,150 MW solar projects will be sold through Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI), and through sales on the wholesale market. AGEL is developing the world's largest renewable energy plant on barren wasteland at Khavda, Gujarat covering an area five times larger than Paris at 538 square kilometers. AGEL has already operationalized cumulative capacity of 2,250 MW solar and wind energy at the site. Once completed, the plant will supply affordable clean energy to over 16 million homes in India, generate over 15,200 green jobs and avoid about 58 million tons of CO2 emissions annually. The signing and completion of the transaction is subject to customary closing conditions including regulatory approvalsPowered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Adani Green Energy Ltd gains for fifth session

Adani Green Energy Ltd gained for a fifth straight session today. The stock is quoting at Rs 1834.25, up 2% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.38% on the day, quoting at 24255.45. The Sensex is at 79293.48, down 0.45%. Adani Green Energy Ltd has gained around 5.35% in last one month. Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has gained around 1.15% in last one month and is currently quoting at 42916.05, down 0.26% on the day. The volume in the stock stood at 7.81 lakh shares today, compared to the daily average of 30.66 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live

Budget Technical Picks: BHEL, NTPC among 8 investment ideas with up to 22% upside - Budget Picks

2 months agoEconomic Times

Jefferies initiates coverage on Adani Green Energy with buy rating, sees 18% upside

2 months agoEconomic Times

Adani Energy, Adani Green Shares Jump As Q1 Revenues Swell

2 months agoBloomberg Quint

Adani Green Energy Q1 profit up nearly 95% to ₹629 crore

2 months agoThe Hindu