Adani Green Energy Ltd

Adani Green Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Green Energy Ltd

₹ 1,092 -4.73%
22 Nov 9:35 a.m.
adanigreenenergy.com BSE: 541450 NSE: ADANIGREEN
About

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]

Key Points

Adani Group
The company is part of the Adani Group, an Indian industrial conglomerate with 10 publicly traded companies in Energy & Utility, Transport & Logistics, Materials, Metal & Mining, and D2C segments. The promoter group holds a 56% stake in the company as of FY24. [1]

Website BSE NSE
  • Market Cap ₹ 1,73,000 Cr.
  • Current Price ₹ 1,092
  • High / Low ₹ 2,174 / 920
  • Stock P/E 13,349
  • Book Value ₹ 47.8
  • Dividend Yield 0.00 %
  • ROCE 4.78 %
  • ROE -8.45 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Promoter holding has increased by 3.43% over last quarter.

Cons

  • Stock is trading at 24.0 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -6.96% over last 3 years.
  • Earnings include an other income of Rs.999 Cr.
  • Debtor days have increased from 52.5 to 73.6 days.

* 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.

Peer comparison

Sector: Power Generation & Distribution Industry: Power Generation And Supply

Part of Nifty Next 50 BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty100 ESG Nifty 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4,848 2,269 2,109 2,167 2,912 918 1,632 691 1,917 2,089 7,304 3,383 3,937
4,832 2,147 2,098 2,308 2,978 955 1,531 697 1,922 1,984 7,141 3,219 3,579
Operating Profit 16 122 11 -141 -66 -37 101 -6 -5 105 163 164 358
OPM % 0% 5% 1% -7% -2% -4% 6% -1% -0% 5% 2% 5% 9%
154 111 109 382 130 134 67 133 141 399 130 254 216
Interest 78 317 288 107 154 222 409 310 364 377 470 481 475
Depreciation 1 2 2 2 3 3 3 3 13 4 10 12 9
Profit before tax 91 -86 -170 132 -93 -128 -244 -186 -241 123 -187 -75 90
Tax % -11% -8% -32% 0% 0% -1% -2% 10% 7% 8% 4% 19% -10%
101 -79 -116 132 -93 -127 -240 -205 -259 113 -195 -89 99
EPS in Rs 0.65 -0.51 -0.74 0.83 -0.59 -0.80 -1.52 -1.29 -1.64 0.71 -1.23 -0.56 0.62
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 10 1,719 318 1,247 2,473 10,672 7,629 12,001 16,713
0 30 1,697 363 1,288 2,444 10,550 7,772 11,767 15,923
Operating Profit -0 -20 21 -45 -41 29 122 -143 234 790
OPM % -203% 1% -14% -3% 1% 1% -2% 2% 5%
0 8 67 303 333 656 530 713 826 999
Interest 1 27 131 288 214 258 775 892 1,521 1,803
Depreciation 0 10 9 8 3 4 7 11 30 35
Profit before tax -1 -49 -52 -39 75 423 -130 -333 -491 -49
Tax % 0% 0% -11% -11% -79% 14% -55% -2% 11%
-1 -49 -46 -35 134 364 -58 -328 -546 -72
EPS in Rs -0.06 -0.39 -0.34 -0.22 0.86 2.33 -0.37 -2.07 -3.45 -0.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 107%
3 Years: 69%
TTM: 224%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 102%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: -7%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -7%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 160 1,274 1,564 1,564 1,564 1,564 1,564 1,584 1,584 1,584
Reserves -1 -50 -120 594 624 906 705 4,072 3,576 5,987
65 549 3,487 2,363 2,062 5,310 17,289 13,591 22,922 20,677
52 8 396 890 2,145 6,517 8,405 9,417 13,301 14,713
Total Liabilities 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 42,961
87 78 69 62 62 67 74 614 877 669
CWIP 0 1 0 1 1 1 8 385 217 677
Investments 165 1,354 1,530 2,030 682 2,920 17,839 20,755 22,995 24,589
24 349 3,728 3,319 5,650 11,309 10,042 6,910 17,294 17,026
Total Assets 276 1,781 5,327 5,412 6,395 14,297 27,963 28,664 41,383 42,961

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -24 -663 534 1,490 -718 1,455 5,003 -2,482
-224 -1,541 -2,242 185 -896 -2,274 -12,488 -2,491 -7,393
225 1,571 2,937 -649 -503 2,807 11,028 -2,013 9,754
Net Cash Flow 0 6 31 71 91 -185 -5 499 -121

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 189 189 361 27 377 31 53 74
Inventory Days 145
Days Payable 60
Cash Conversion Cycle 189 189 361 27 377 31 139 74
Working Capital Days 12,062 654 2,493 397 -70 131 -31 1
ROCE % -2% 2% 5% 7% 9% 4% 3% 5%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.27% 61.27% 60.50% 60.75% 60.75% 57.26% 56.27% 56.26% 56.37% 56.37% 57.51% 60.93%
16.59% 16.53% 15.91% 15.25% 15.14% 17.13% 18.25% 18.16% 18.03% 18.15% 16.91% 15.16%
0.62% 0.79% 0.98% 1.26% 1.40% 1.45% 1.47% 1.49% 1.50% 1.55% 1.46% 1.45%
21.51% 21.41% 22.61% 22.74% 22.70% 24.16% 24.00% 24.09% 24.10% 23.93% 24.11% 22.45%
No. of Shareholders 1,89,6122,28,4693,71,7643,85,2973,93,1677,46,2946,92,3406,76,2716,93,0646,68,5867,42,5796,28,425

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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