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Adani Green Energy Ltd

(ADANIGREEN)

₹1145.718.9%

as on 04:01PM, 21 Nov 2024

🔔 Legal Issues Alert

Adani Green Energy cancels $600 million bond issue following bribery allegations against board members by US authorities.

Overview
News
Financials
Q2 2024 Results
Technicals

Adani Green Energy Ltd Analyst Rating

based on 4 analysts

BUY

75.00%

Buy

0.00%

Hold

25.00%

Sell

Based on 4 analysts offering long term price targets for Adani Green Energy Ltd. An average target of ₹1966.25

Source: S&P Global Market Intelligence

Adani Green Energy Ltd Share analysis

Adani Green Energy Ltd price forecast by 4 analysts

Upside of39.18%

High

₹2550

Target

₹1966.25

Low

₹800

Adani Green Energy Ltd target price ₹1966.25, a slight upside of 39.18% compared to current price of ₹1145.7. According to 4 analysts rating.

Source: S&P Global Market Intelligence

Adani Green Energy Ltd Performance

  • Day's Low

    Day's High

    ₹1,132
    ₹1,212
  • 52 Week's Low

    52 Week's High

    ₹910
    ₹2,174.1
1 Month Return-17.42 %
3 Month Return-26.45 %
1 Year Return+ 52.46 %
Previous Close₹1,412.70
Open₹1,160.00
Volume95.24L
Upper Circuit-
Lower Circuit-
Market Cap₹2,23,776.27Cr

Adani Green Energy Ltd Key Statistics

P/E Ratio221.77
PEG Ratio-194.54
Market Cap₹2,23,776.27 Cr
P/B Ratio65.85
EPS7.95
Dividend Yield0
SectorPower Generation & Distribution
ROE0

Adani Green Energy Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,23,776.27 Cr271.28%0.89₹1,260 Cr₹9,220 Cr
BUY₹84,221.19 Cr498.5%0.59₹660 Cr₹6,529 Cr

About Adani Green Energy Ltd

Adani Green Energy Limited (AGEL) is a leading player in the renewable energy sector, focusing on the development, operation, and maintenance of solar and wind energy projects. Incorporated in 2015 by Gautam Adani, the company is headquartered in Ahmedabad, Gujarat, and is registered under the Company Identification Number (CIN) L40106GJ2015PLC082007. AGEL is committed to providing sustainable energy solutions and is one of the largest renewable energy companies in India, with a rapidly expanding portfolio of solar and wind projects.

AGEL operates primarily in India but has ambitions to expand its renewable energy footprint globally. The company does not have specific sub-brands but manages a wide range of solar and wind projects across various states in India, contributing significantly to the country's renewable energy capacity. A notable fact about Adani Green is its achievement of being the world’s largest solar power developer by capacity, with over 20 GW of renewable energy projects in its pipeline. Another key fact is the company’s commitment to sustainability, aiming to become the world's largest renewable energy company by 2030.

Adani Green is a subsidiary of the Adani Group, a multinational conglomerate with interests in multiple sectors, including energy, infrastructure, and logistics. The company has been involved in strategic mergers and acquisitions to enhance its renewable energy portfolio, including acquiring SB Energy India, a major player in the solar energy sector, to bolster its position as a leader in sustainable energy.

Share Price: ₹1145.70 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,23,776.27Cr as of today
Revenue: ₹3,033.00Cr as on September 2024 (Q3 24)
Net Profit: ₹416.00Cr as on September 2024 (Q3 24)
Listing date: 18 Jun, 2018
Chairperson Name: Gautam S Adani
OrganisationAdani Green Energy Ltd
Headquarters
IndustryPower Generation & Distribution
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    09:02 AM

    -

    Adani Green cancels $600 million bond plan after bribery accusations against board members by US prosecutors.

    12:33 PM

    -

    Adani Green Energy faces SEC charges related to a multibillion-dollar bribery scheme involving solar projects.

    03:59 PM

    -

    SEBI may intervene in Adani Green's US fraud case if cooperation is invoked with the SEC.

  • img

    Today's Timeline - Invalid Date

    04:33 PM

    -

    SEC alleges Gautam and Sagar Adani involved in a bribery scheme to exploit solar project opportunities.

    06:13 PM

    -

    US court highlights SEC's failure to find purchasers jeopardizing Adani Green's anticipated revenue.

    08:03 PM

    -

    Adani Green shares plunge 19% following bribery charges, wiping billions from Adani Group's market value.

  • img

    Today's Timeline - Invalid Date

    08:22 PM

    -

    Adani Green Energy scraps $600 million bond issue after US justice department setback.

    08:23 PM

    -

    SEC charges Gautam Adani and Sagar Adani in a massive bribery scheme involving Adani Green.

Key events for Adani Green Energy Ltd

  • Adani Green Faces Major Legal Challenges and Market Impact - 21 Nov, 2024

    Adani Green Energy Ltd is embroiled in a bribery scandal, leading to the cancellation of a $600 million bond issue and a significant drop in share value. The SEC has charged key executives, raising concerns over the company's future revenue and market stability.

  • Adani Green Energy Unveils Major Investment and Bond Offering - 20 Nov, 2024

    Sagar Adani revealed a $35 billion investment plan for renewable energy projects in India. Additionally, Adani Green Energy is marketing a $600 million bond at 7.75% yield.

  • Adani Green Energy Plans Major Fundraising - 19 Nov, 2024

    Adani Green Energy Ltd is planning to raise approximately $2 billion through a combination of international bonds and loans to support its growth initiatives.

  • Adani Green Energy Plans Major Fundraising Initiatives - 18 Nov, 2024

    Adani Green Energy is set to raise $2 billion through bonds and loans to support its renewable energy projects. The company plans a $600 million bond issue, following a previous postponement. Fitch has assigned a 'BBB-' rating to its upcoming bond offer. Additionally, Sagar Adani outlined a $35 billion investment plan for renewable energy expansion over the next five years.

  • Adani Green Energy Shows Mixed Performance - 17 Nov, 2024

    On November 14, Adani Green Energy's stock closed at ₹1,490.30, down 31.45% from its 52-week high but up 63.74% from its low. The stock gained 1.49% for the day, reflecting strong investor interest with a trading volume of 5,71,469 shares.

  • Adani Green Energy Market Cap Rises Significantly - 14 Nov, 2024

    Adani Green Energy's stock climbed 1.67%, boosting its market capitalization by Rs 3,949.24 crore to approximately Rs 2,36,496.05 crore. Concerns over an energy deal in Sri Lanka were also noted.

  • Adani Green Energy Reports Q2FY25 Performance - 13 Nov, 2024

    In Q2FY25, Adani Green Energy saw a 3.43% increase in promoter stake to 60.93%. Revenue grew 37.61% YoY to ₹3,055 crore, but net profit declined 25.81% YoY to ₹276 crore, resulting in a lower net profit margin of 9.03%.

  • Adani Green Expands Solar Capacity in Khavda - 12 Nov, 2024

    Adani Green Energy has operationalized 551 megawatts of solar capacity at the world's largest renewable energy park in Khavda. The company aims to develop 30 gigawatts of renewable energy capacity, expected to generate 81 billion units of clean electricity once fully operational.

  • Adani Green Energy's P/E Ratio Compared to Peers - 08 Nov, 2024

    Adani Green Energy Limited is trading at a P/E ratio of approximately 201x, significantly higher than the upcoming listing of another company at 28x based on TTM EPS of ₹10.19.

  • Adani Green Energy Shares Decline Post MSCI Rebalancing - 07 Nov, 2024

    Following MSCI's rebalancing, Adani Green Energy's shares fell by 2.92%, resulting in a market cap loss of ₹7,720 crore due to anticipated outflows of $173 million.

  • Adani Green Energy Reports Strong Growth and Plans - 02 Nov, 2024

    Adani Green Energy has seen a 75.4% increase in shares over the past year. The company reported significant revenue and profit growth in Q2 2024, driven by operational efficiency and capacity additions. It aims for a 50 GW renewable energy portfolio by 2030.

  • Adani Green Energy Secures Solar Power Agreements - 31 Oct, 2024

    Adani Green Energy Ltd has announced that its unit has entered into power purchase agreements with Maharashtra State Electricity Distribution Company to supply 5 gigawatts of solar power.

  • Adani Green Secures Major Solar Power Agreement - 30 Oct, 2024

    Adani Green Energy Limited's subsidiary, Adani Renewable Energy Fifty Five Limited, has signed power purchase agreements for 5,000 MW of solar power with Maharashtra's MSEDCL, enhancing its renewable energy portfolio.

  • Adani Green Reports Growth and Explores Financing Options - 24 Oct, 2024

    Adani Green Energy announced a 20% YoY growth in Q2 FY25 EBITDA, reaching Rs 4,518 crore. The company is also considering a private placement to raise $300-400 million for refinancing loans associated with renewable assets.

  • Adani Green Energy Reports Strong Q2 Earnings - 23 Oct, 2024

    Adani Green Energy's Q2FY25 results show a net profit of ₹515 crore, up 39% YoY, and total income rising 30.4%. However, EBITDA margin fell, affecting sentiment.

Insights on Adani Green Energy Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 57.52% to 60.94% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 6 quarters, 2.39K Cr → 3.37K Cr (in ₹), with an average increase of 6.7% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, JSW Energy Ltd has given 77.3% return, outperforming this stock by 24.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Adani Power Ltd has given 419.2% return, outperforming this stock by 413.8%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 16.91% to 15.15% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.10% to 0.09% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ADANIGREEN stock has moved down by -5.2%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 446.0 Cr → 276.0 Cr (in ₹), with an average decrease of 38.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 24.11% to 22.46% in Sep 2024 quarter

Adani Green Energy Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,205.00Cr (-)₹2,218.00Cr (↑0.59%)₹2,498.00Cr (↑12.62%)₹2,793.00Cr (↑11.81%)₹3,033.00Cr (↑8.59%)
Net Income₹294.00Cr (-)₹139.00Cr (↓52.72%)₹265.00Cr (↑90.65%)₹449.00Cr (↑69.43%)₹416.00Cr (↓7.35%)
Net Profit Margin13.33% (-)6.27% (↓52.96%)10.61% (↑69.22%)16.08% (↑51.56%)13.72% (↓14.68%)
Value in ₹ crore
Details2021202220232024
Total Assets₹14,298.00Cr (-)₹27,964.00Cr (↑95.58%)₹28,665.00Cr (↑2.51%)₹41,383.00Cr (↑44.37%)
Total Liabilities₹11,828.00Cr (-)₹25,695.00Cr (↑117.24%)₹23,009.00Cr (↓10.45%)₹33,885.00Cr (↑47.27%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹1,490.00Cr (-)-₹718.00Cr (↓148.19%)₹1,455.00Cr (↓302.65%)₹5,003.00Cr (↑243.85%)-₹2,482.00Cr (↓149.61%)

Index Inclusions

Nifty Next 50

₹66,765.45

-1.49 (-1010.05%)

BSE 200

₹10,722.03

-0.87 (-93.59%)

Nifty Energy

₹35,789.30

-2.17 (-794.9%)

NIFTY 100

₹24,135.10

-0.98 (-239.6%)

S&P BSE Utilities

₹5,553.27

-3.16 (-181.5%)

S&P BSE 250 LargeMidCap

₹10,169.78

-0.85 (-87.03%)

S&P BSE Infra.

₹592.73

-2.77 (-16.88%)

S&P BSE POWER

₹7,215.62

-1.34 (-98.16%)

Nifty 500

₹21,820.85

-0.83 (-183.5%)

Nifty Commodities

₹8,192.55

-2.01 (-167.9%)

Nifty LargeMidcap 250

₹15,236.40

-0.68 (-104.3%)

Nifty 200

₹13,129.70

-0.87 (-115.1%)

S&P BSE 100 LargeCap TMC

₹8,695.60

-0.97 (-85.24%)

Nifty Services Sector

₹30,967.85

-0.55 (-169.75%)

Nifty100 Eq Weig

₹30,708.85

-1.79 (-558.25%)

S&P BSE Largecap

₹9,050.93

-0.97 (-89.06%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

BSE 500

₹34,361.41

-0.84 (-289.42%)

Adani Green Energy Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.94%
5.95
Foreign Institutions
15.15%
-10.37
Mutual Funds
0.09%
-9.45
Retail Investors
22.46%
-6.86
Others
1.36%
-0.26

Adani Green Energy Ltd Key Indicators

Details202020212022
Return On Equity %610.84-4.18
Details20202021202220232024
Return On Assets %-0.361.471.753.42.66
Details20202021202220232024
Book Value Per Share (₹)4.885.517.6137.1238.33
Details20202021202220232024
Earning Per Share (₹)-0.391.163.136.147.95

Adani Green Energy Ltd Valuation

Adani Green Energy Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-3012.88x)

November 24, 2020

Industry (26.23x)

November 19, 2024

Today (221.77x)

November 19, 2024

Highest (5100.71x)

September 29, 2020

LowHigh

Adani Green Energy Ltd Earnings and Dividends

  • Adani Green Energy Ltd Earnings Results

    Adani Green Energy Ltd’s net profit fell -25.81% since last year same period to ₹276Cr in the Q2 2024-2025. On a quarterly growth basis, Adani Green Energy Ltd has generated -38.12% fall in its net profits since last 3-months.

    Read More about Earnings Results

Adani Green Energy Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Adani Green Energy Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Adani Green Energy Ltd

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Adani Green Energy Ltd (ADANIGREEN) share price today is ₹1145.7

Adani Green Energy Ltd is listed on NSE

Adani Green Energy Ltd is listed on BSE

  • Today’s highest price of Adani Green Energy Ltd is ₹1212.
  • Today’s lowest price of Adani Green Energy Ltd is ₹1132.

PE Ratio of Adani Green Energy Ltd is 221.77

PE ratio = Adani Green Energy Ltd Market price per share / Adani Green Energy Ltd Earnings per share

Today’s traded volume of Adani Green Energy Ltd(ADANIGREEN) is 95.24L.

Today’s market capitalisation of Adani Green Energy Ltd(ADANIGREEN) is ₹223776.27Cr.

Adani Green Energy Ltd(ADANIGREENPrice
52 Week High
₹2174.1
52 Week Low
₹910

Adani Green Energy Ltd(ADANIGREEN) share price is ₹1145.7. It is down -47.30% from its 52 Week High price of ₹2174.1

Adani Green Energy Ltd(ADANIGREEN) share price is ₹1145.7. It is up 25.90% from its 52 Week Low price of ₹910

Adani Green Energy Ltd(ADANIGREENReturns
1 Day Returns
-267%
1 Month Returns
-17.42%
3 Month Returns
-26.45%
1 Year Returns
52.46%