Adani Green Energy Ltd

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

Adani Green Energy Ltd

₹ 1,146 -18.90%
21 Nov - close price
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 ₹ 1,81,605 Cr.
  • Current Price ₹ 1,146
  • High / Low ₹ 2,174 / 910
  • Stock P/E 141
  • Book Value ₹ 66.8
  • Dividend Yield 0.00 %
  • ROCE 9.81 %
  • ROE 17.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 36.1% CAGR over last 5 years
  • Debtor days have improved from 95.1 to 53.1 days.
  • Promoter holding has increased by 3.43% over last quarter.

Cons

  • Stock is trading at 17.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,295 1,400 1,461 1,635 1,584 1,971 2,598 2,162 2,220 2,311 2,527 2,835 3,055
525 357 489 687 718 1,118 334 81 521 645 676 392 850
Operating Profit 770 1,043 972 948 866 853 2,264 2,081 1,699 1,666 1,851 2,443 2,205
OPM % 59% 74% 67% 58% 55% 43% 87% 96% 77% 72% 73% 86% 72%
115 71 111 66 100 216 265 178 353 264 199 219 224
Interest 613 813 667 458 498 617 1,338 1,393 1,165 1,242 1,206 1,440 1,369
Depreciation 164 260 274 280 298 330 392 451 474 481 497 593 618
Profit before tax 108 41 142 276 170 122 799 415 413 207 347 629 442
Tax % 7% -17% 15% 21% 14% 52% 38% 34% 29% 33% 24% 29% 6%
100 49 121 214 149 103 507 323 371 256 310 629 515
EPS in Rs 0.64 0.31 0.77 1.35 0.94 0.65 3.21 2.03 2.35 1.62 0.95 2.82 1.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
502 1,480 2,058 2,549 3,124 5,133 7,776 9,220 10,728
98 637 532 1,098 883 1,621 2,806 1,902 2,563
Operating Profit 403 843 1,526 1,450 2,241 3,512 4,970 7,318 8,165
OPM % 80% 57% 74% 57% 72% 68% 64% 79% 76%
80 42 73 -111 391 507 667 1,262 906
Interest 334 552 1,121 995 1,953 2,617 2,911 5,006 5,257
Depreciation 333 543 1,062 394 486 849 1,300 1,903 2,189
Profit before tax -184 -210 -585 -50 193 553 1,426 1,671 1,625
Tax % -75% -35% -19% 23% 6% 12% 32% 25%
-47 -138 -475 -68 182 489 973 1,260 1,710
EPS in Rs -0.37 -1.00 -3.03 -0.15 1.34 3.13 6.15 6.94 7.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 35%
3 Years: 43%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 68%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: -5%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 19%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,274 1,564 1,564 1,564 1,564 1,564 1,584 1,584 1,584
Reserves -71 -223 369 793 636 1,050 5,720 5,912 8,992
4,347 9,864 11,142 14,866 24,209 52,832 54,223 64,858 67,430
610 4,503 1,582 1,201 2,283 3,508 5,382 15,732 20,252
Total Liabilities 6,160 15,709 14,658 18,424 28,692 58,954 66,909 88,086 98,258
4,341 9,120 10,388 12,554 16,429 28,452 48,336 62,284 64,632
CWIP 267 1,725 743 1,208 4,452 19,899 5,291 6,427 14,617
Investments 26 87 77 476 502 574 1,149 1,515 2,331
1,525 4,777 3,449 4,186 7,309 10,029 12,133 17,860 16,678
Total Assets 6,160 15,709 14,658 18,424 28,692 58,954 66,909 88,086 98,258

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 649 1,625 1,965 1,601 3,127 7,265 7,713
-1,511 -4,428 -2,666 -3,743 -9,137 -18,730 -3,857 -21,060
1,559 3,942 1,045 2,161 7,083 15,986 -2,973 13,953
Net Cash Flow 76 162 3 383 -453 383 435 606

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 245 209 134 106 175 129 104 53
Inventory Days 383
Days Payable 455
Cash Conversion Cycle 245 209 63 106 175 129 104 53
Working Capital Days 244 -345 -51 -33 79 102 27 -7
ROCE % 4% 4% 8% 10% 8% 8% 10%

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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