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]
Part of Adani GroupThe company is a part of the Adani Group, a leading Indian conglomerate with 9 publicly listed firms across sectors like energy & utility, transport & logistics, materials, metal & mining, etc. As of FY25, the promoter group owned about a 61% stake in the company.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NTPC | 350.80 | 14.32 | 340159.05 | 2.38 | 5225.30 | -3.94 | 44785.82 | 0.18 | 9.95 | 186754.31 | 28.64 | 23751.11 | 5066.78 | 1.77 | 4.26 | 1.33 |
| 2. | Adani Green | 1019.40 | 138.36 | 167913.14 | 0.00 | 475.00 | 309.48 | 3947.00 | 1.54 | 8.87 | 21119.00 | 8.07 | 1213.61 | 475.00 | 11.35 | 1.78 | 1.18 |
| 3. | JSW Energy | 514.85 | 44.47 | 89983.86 | 0.39 | 824.27 | -17.41 | 5177.42 | 59.91 | 6.49 | 15949.06 | 49.55 | 2023.68 | 704.68 | 3.09 | 2.46 | 2.37 |
| 4. | NHPC Ltd | 83.53 | 26.46 | 83906.18 | 2.29 | 1219.28 | 13.49 | 3365.26 | 10.27 | 7.42 | 11212.76 | 52.98 | 3171.33 | 1021.44 | 2.03 | 3.43 | 1.09 |
| 5. | NTPC Green Ene. | 93.95 | 130.44 | 79165.37 | 0.00 | 86.38 | 130.26 | 612.29 | 21.52 | 4.89 | 2419.85 | 87.48 | 606.90 | 87.59 | 4.22 | 1.31 | 1.16 |
| 6. | NLC India | 274.10 | 14.55 | 38007.71 | 1.09 | 724.80 | -27.06 | 4178.41 | 14.25 | 10.51 | 16251.48 | 26.03 | 2612.76 | 665.12 | 1.90 | 4.68 | 1.22 |
| 7. | SJVN | 84.36 | 59.51 | 33151.75 | 1.73 | 307.80 | -30.20 | 1032.40 | 0.60 | 4.91 | 3125.24 | 72.70 | 557.11 | 307.91 | 2.27 | 1.92 | 2.03 |
| – | Median: 25 Co. | 128.44 | 27.05 | 7740.96 | 0.0 | 86.38 | 0.0 | 634.3 | 13.21 | 7.42 | 2265.01 | 30.58 | 187.7 | 80.07 | 2.2 | 2.29 | 0.89 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 918 | 2,089 | 5,922 | 691 | 3,343 | 4,789 | 1,632 | 7,304 | 6,461 | 2,912 | 1,917 | 3,887 | 3,947 |
Expenses | 955 | 2,000 | 5,147 | 697 | 3,215 | 4,584 | 1,531 | 7,177 | 6,157 | 2,978 | 1,922 | 3,583 | 3,526 |
Operating Profit | -37 | 89 | 775 | -6 | 128 | 205 | 101 | 127 | 304 | -66 | -5 | 304 | 421 |
Other Income | 134 | 415 | 239 | 133 | 299 | 196 | 67 | 166 | 253 | 130 | 141 | 273 | 251 |
Profit before tax | -128 | 123 | 573 | -186 | -75 | 36 | -244 | -187 | 171 | -93 | -241 | 90 | 331 |
Tax % | -1% | 8% | 3% | 10% | 19% | 6% | -2% | 4% | 51% | 0% | 7% | -10% | -44% |
Net Profit | -127 | 113 | 557 | -205 | -89 | 34 | -240 | -195 | 83 | -93 | -259 | 99 | 475 |
EPS in Rs | -0.80 | 0.71 | 3.52 | -1.29 | -0.56 | 0.21 | -1.52 | -1.23 | 0.52 | -0.59 | -1.64 | 0.62 | 2.88 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 0 | 10 | 1,719 | 318 | 1,247 | 2,473 | 10,672 | 7,629 | 12,001 | 19,613 | 21,119 |
Expenses | 0 | 30 | 1,697 | 363 | 1,288 | 2,444 | 10,550 | 7,772 | 11,767 | 18,078 | 19,414 |
Operating Profit | -0 | -20 | 21 | -45 | -41 | 29 | 122 | -143 | 234 | 1,535 | 1,705 |
Other Income | 0 | 8 | 67 | 303 | 333 | 656 | 530 | 713 | 826 | 1,037 | 939 |
Interest | 1 | 27 | 131 | 288 | 214 | 258 | 775 | 892 | 1,521 | 1,749 | 1,454 |
Depreciation | 0 | 10 | 9 | 8 | 3 | 4 | 7 | 11 | 30 | 61 | 79 |
Profit before tax | -1 | -49 | -52 | -39 | 75 | 423 | -130 | -333 | -491 | 762 | 1,111 |
Net Profit | -1 | -49 | -46 | -35 | 134 | 364 | -58 | -328 | -546 | 654 | 1,149 |
EPS in Rs | -0.06 | -0.39 | -0.34 | -0.22 | 0.86 | 2.33 | -0.37 | -2.07 | -3.45 | 4.13 | 7.13 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 160 | 1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,584 | 1,584 | 1,584 | 1,647 |
Reserves | -1 | -50 | -120 | 594 | 624 | 906 | 705 | 4,072 | 5,914 | 6,628 | 13,149 |
Borrowings | 65 | 549 | 3,487 | 2,363 | 2,062 | 5,310 | 17,289 | 13,591 | 22,922 | 20,244 | 17,461 |
Other Liabilities | 52 | 8 | 396 | 890 | 2,145 | 6,517 | 8,405 | 9,417 | 10,963 | 13,411 | 12,188 |
Total Liabilities | 276 | 1,781 | 5,327 | 5,412 | 6,395 | 14,297 | 27,963 | 28,664 | 41,383 | 41,867 | 44,445 |
Fixed Assets | 87 | 78 | 69 | 62 | 62 | 67 | 74 | 614 | 877 | 1,501 | 1,514 |
Gross Block | 87.24 | 87.74 | 88.68 | 89.31 | 93.00 | 102.00 | 116.00 | 701.00 | 997.00 | 1,685.00 | – |
Accumulated Depreciation | 0.03 | 10.18 | 19.45 | 27.75 | 31.00 | 35.00 | 42.00 | 87.00 | 120.00 | 184.00 | – |
CWIP | 0 | 1 | 0 | 1 | 1 | 1 | 8 | 385 | 217 | 669 | 1,600 |
Investments | 165 | 1,354 | 1,530 | 2,030 | 682 | 2,920 | 17,839 | 20,755 | 22,995 | 23,747 | 25,596 |
Other Assets | 24 | 349 | 3,728 | 3,319 | 5,650 | 11,309 | 10,042 | 6,910 | 17,294 | 15,950 | 15,735 |
Total Assets | 276 | 1,781 | 5,327 | 5,412 | 6,395 | 14,297 | 27,963 | 28,664 | 41,383 | 41,867 | 44,445 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 0 | -24 | -663 | 534 | 1,490 | -718 | 1,455 | 5,003 | -2,482 | 1 |
Cash from Investing Activity | -224 | -1,541 | -2,242 | 185 | -896 | -2,274 | -12,488 | -2,491 | -7,393 | 4,539 |
Cash from Financing Activity | 225 | 1,571 | 2,937 | -649 | -503 | 2,807 | 11,028 | -2,013 | 9,754 | -4,303 |
Net Cash Flow | 0 | 6 | 31 | 71 | 91 | -185 | -5 | 499 | -121 | 237 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | – | 189 | 189 | 361 | 27 | 377 | 31 | 53 | 74 | 82 |
Inventory Days | – | – | – | – | – | – | – | 145 | – | – |
Days Payable | – | – | – | – | – | – | – | 60 | – | – |
Cash Conversion Cycle | – | 189 | 189 | 361 | 27 | 377 | 31 | 139 | 74 | 82 |
Working Capital Days | – | 7,202 | 395 | 1,872 | 275 | -537 | -62 | -127 | -356 | -121 |
ROCE % | – | -2% | 2% | 5% | 7% | 9% | 4% | 3% | 5% | 9% |
Direct from BSE filings, auto-summarised
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Stock Analysis
Adani Green Energy Limited (AGEL) is a leading Indian renewable energy company, part of the Adani Group, focused on developing, building, owning, and operating solar, wind, and hybrid power projects.
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