Adani Green Energy

₹1064.3 33.2 | 3.2%

WEBSITE BSE:541450 NSE : ADANIGREEN 26 Dec, 16:01

Market Cap ₹168589 Cr.

Stock P/E 133.8

P/B 22.3

Current Price ₹1064.3

Book Value ₹ 47.8

Face Value 10

52W High ₹2173.7

Dividend Yield 0%

52W Low ₹ 870.9

Edit Ratio

Adani Green Energy Research see more...

Overview Inc. Year: 2015Industry: Power Generation/Distribution

Adani Green Energy Ltd generates and elements renewable energy to important and state authorities entities, and government backed corporations in India. The company builds, owns, and operates power plants thru renewable sources, including solar, wind, and hybrid; and gives different ancillary offerings. It operates solar power plants with an operational capability of 3,023 megawatts (MW); and wind electricity plants with an operational potential of 497 MW. The enterprise was included in 2015 and is based in Ahmedabad, India. Adani Green Energy Ltd was formerly a subsidiary of Adani Enterprises Limited.

Adani Green Energy Share Price

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Peer Comparison

Adani Green Energy Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Adani Green Energy Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	0	10	1719	318	1247	2473	10672	7629	12001
Other Income	0	8	67	307	333	534	540	1051	926
Total Income	0	18	1786	625	1580	3007	11212	8680	12927
Total Expenditure	0	30	1697	363	1288	2444	10550	7772	11796
Operating Profit	-0	-12	89	262	292	563	662	908	1131
Interest	1	27	132	293	214	258	826	1163	1521
Depreciation	0	10	9	8	3	4	7	11	30
Exceptional Income / Expenses	0	0	0	0	0	122	41	-67	-71
Profit Before Tax	-1	-49	-52	-39	75	423	-130	-333	-491
Provision for Tax	0	0	-6	-4	-59	59	-72	-5	55
Profit After Tax	-1	-49	-46	-35	134	364	-58	-328	-546
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-1	-49	-46	-35	134	364	-58	-328	-546
Adjusted Earnings Per Share	-0.1	-0.4	-0.3	-0.2	0.9	2.3	-0.4	-2.1	-3.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	57%	69%	107%	0%
Operating Profit CAGR	25%	26%	34%	0%
PAT CAGR	0%	NAN%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-33%	-8%	47%	NA%
ROE Average	-12%	-9%	1%	-1%
ROCE Average	4%	5%	6%	4%

Adani Green Energy Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	159	1224	1444	1409	1439	1721	1520	4908	6750
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	34	414	2266	2488	1965	2897	12394	11837	11373
Other Non-Current Liabilities	1	1	-4	-3	-59	-300	5079	5700	3399
Total Current Liabilities	82	142	1615	1508	2980	9658	8556	5783	19473
Total Liabilities	276	1781	5321	5402	6325	13976	27549	28228	40995
Fixed Assets	87	78	69	62	62	67	74	614	877
Other Non-Current Assets	180	1336	1734	2081	704	7708	20350	23670	26271
Total Current Assets	9	368	3518	3259	4130	6201	7125	3944	13847
Total Assets	276	1781	5321	5402	6325	13976	27549	28228	40995

Adani Green Energy Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	0	0	7	38	109	200	15	10	509
Cash Flow from Operating Activities	0	-24	-663	534	1490	-718	1455	5003	-2482
Cash Flow from Investing Activities	-224	-1541	-2242	185	-896	-2274	-12488	-2491	-7393
Cash Flow from Financing Activities	225	1571	2937	-649	-503	2807	11028	-2013	9754
Net Cash Inflow / Outflow	0	6	31	71	91	-185	-5	499	-121
Closing Cash & Cash Equivalent	0	7	38	109	200	15	10	509	388

Adani Green Energy Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	-0.06	-0.39	-0.34	-0.22	0.86	2.33	-0.37	-2.07	-3.45
CEPS(Rs)	-0.06	-0.31	-0.27	-0.17	0.88	2.35	-0.33	-2	-3.26
DPS(Rs)	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	9.94	9.61	9.13	9.01	9.2	11	9.72	30.98	27.85
Core EBITDA Margin(%)	0	-203.39	1.25	-14.22	-3.29	1.17	1.14	-1.87	1.71
EBIT Margin(%)	0	-226.73	4.62	79.69	23.18	27.54	6.52	10.88	8.58
Pre Tax Margin(%)	0	-497.51	-3.03	-12.31	6.01	17.1	-1.22	-4.36	-4.09
PAT Margin (%)	0	-497.51	-2.69	-11	10.75	14.72	-0.54	-4.3	-4.55
Cash Profit Margin (%)	0	-395.05	-2.15	-8.37	10.99	14.88	-0.48	-4.16	-4.3
ROA(%)	-0.32	-4.79	-1.3	-0.65	2.29	3.59	-0.28	-1.18	-1.58
ROE(%)	-0.56	-7.13	-3.73	-2.62	9.41	23.04	-3.58	-10.21	-11.72
ROCE(%)	-0.06	-2.25	2.37	5.36	6.59	11.32	5.09	4.34	4.24
Receivable days	0	189.39	94.83	690.06	59.41	194.97	58.96	48.06	53.7
Inventory Days	292	7.58	0.35	145.86	97.38	209.8	118.49	138.32	70.97
Payable days	0	0	0	-121.93	-313.81	-74.21	-98.65	58.02	-157.77
PER(x)	0	0	0	0	179.33	474.48	0	0	0
Price/Book(x)	0	0	0	4.14	16.7	100.36	196.88	28.46	65.84
Dividend Yield(%)	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0	182.88	2.81	27.72	21.36	72.22	29.7	20.05	25.62
EV/Core EBITDA(x)	-1709.13	-147.17	54.35	33.68	91.21	317.21	478.74	168.42	271.89
Net Sales Growth(%)	0	0	0	-81.49	291.98	98.32	331.54	-28.51	57.31
EBIT Growth(%)	0	0	453.54	219.14	14	135.64	2.2	19.25	24.1
PAT Growth(%)	0	-5424.08	6.26	24.3	483.03	171.64	-115.93	-465.52	-66.46
EPS Growth(%)	0	-593.55	13.26	33.37	483.05	171.64	-115.93	-458.44	-66.47
Debt/Equity(x)	0.41	0.45	2.41	2.21	1.95	3.52	11.87	2.81	5.23
Current Ratio(x)	0.11	2.59	2.18	2.16	1.39	0.64	0.83	0.68	0.71
Quick Ratio(x)	0.11	2.59	2.18	1.99	1.25	0.39	0.31	0.46	0.54
Interest Cover(x)	-0.19	-0.84	0.6	0.87	1.35	2.64	0.84	0.71	0.68
Total Debt/Mcap(x)	0	0	0	0.53	0.12	0.04	0.06	0.1	0.08

Adani Green Energy Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	60.5	60.75	60.75	57.26	56.27	56.26	56.37	56.37	57.52	60.94
FII	15.91	15.25	15.14	17.13	18.26	18.16	18.03	18.15	16.91	15.15
DII	0.98	1.27	1.4	1.44	1.47	1.49	1.5	1.55	1.47	1.45
Public	22.61	22.73	22.71	24.16	24	24.08	24.1	23.93	24.11	22.46
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	95.83	96.23	96.23	90.71	89.14	89.12	89.3	89.3	91.11	96.53
FII	25.2	24.15	23.98	27.14	28.92	28.77	28.56	28.75	26.78	24
DII	1.55	2.01	2.22	2.29	2.32	2.36	2.38	2.45	2.32	2.3
Public	35.82	36.01	35.97	38.27	38.02	38.15	38.17	37.9	38.19	35.57
Others	0	0	0	0	0	0	0	0	0	0
Total	158.4	158.4	158.4	158.4	158.4	158.4	158.4	158.4	158.4	158.4

Pros

Debtor days have improved from 58.02 to -157.77days.
Company has reduced debt.

Cons

Company has a low return on equity of -9% over the last 3 years.
Stock is trading at 22.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.