Power Grid vs Adani Green Energy
Power Grid Corporation of India trades below its peers' median P/E (49% below), Adani Green Energy above it (386% above).
Power Grid Corporation of India earns the higher return on equity: 16.6% against 7.0%.
Adani Green Energy grew revenue faster over three years: 17.9% a year against 1.4% a year.
Power Grid Corporation of India fires fewer of our forensic red flags: 1 of 26 judged against 5 of 28 judged.
The latest change on file is Power Grid Corporation of India's, on 6 Nov 2026: Interim Dividend - Rs 3 Per Share.
Power Grid Corporation of India trades at a P/E of 15.00: 2nd of 10 among its peers (peer median 29.2).
Power Grid Corporation of India: the full company page →Adani Green Energy trades at a P/E of 128.82: 10th of 10 among its peers (peer median 26.5).
Adani Green Energy: the full company page →Power Grid Corporation of India and Adani Green Energy, figure by figure
| Figure | Power Grid | Adani Green Energy | Leads |
|---|---|---|---|
| Market cap | ₹2,43,071 Cr | ₹2,33,405 Cr | Power Grid Corporation of India, larger |
| P/E | 15.00 | 128.82 | Power Grid Corporation of India, cheaper |
| P/B | 2.76 | 8.92 | Power Grid Corporation of India, cheaper |
| Dividend yield | 3.6% | 0.0% | Power Grid Corporation of India, higher |
| ROE | 16.6% | 7.0% | Power Grid Corporation of India, higher |
| ROCE | 9.7% | 5.5% | Power Grid Corporation of India, higher |
| Profit margin | 33.3% | 11.9% | Power Grid Corporation of India, higher |
| Revenue growth, 3 years | 1.4% a year | 17.9% a year | Adani Green Energy, faster |
| Profit growth, 3 years | 1.1% a year | 19.3% a year | Adani Green Energy, faster |
| 1-year return | −2.5% | +36.1% | Adani Green Energy, higher |
| 5-year return | +13.8% a year | +2.4% a year | Power Grid Corporation of India, higher |
| Quality score | 61.4 | 22.9 | Power Grid Corporation of India, higher |
| Our valuation view | Dear, low confidence | Dear, low confidence (held for review) | Level |
| Risk level | WATCH | DANGER | Power Grid Corporation of India, lower |
| Forensic red flags | 1 red of 26 judged | 5 red of 28 judged | Power Grid Corporation of India, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, Power Grid Corporation of India or Adani Green Energy?
Power Grid Corporation of India is the bigger company by market value: ₹2,43,071 Cr against ₹2,33,405 Cr for Adani Green Energy.
Power Grid Corporation of India market cap is ₹2,43,071 crore (large cap), making it the 36th largest listed company on the NSE.
Adani Green Energy market cap is ₹2,33,405 crore (large cap), making it the 40th largest listed company on the NSE.
Which is cheaper on valuation, Power Grid Corporation of India or Adani Green Energy?
Power Grid Corporation of India is the cheaper of the two on P/E: 15.00 against 128.82 for Adani Green Energy.
On price to book, Power Grid Corporation of India is also the cheaper: 2.76 against 8.92.
Against their own peers' median P/E, Power Grid Corporation of India trades 49% below its own (29.2) and Adani Green Energy trades 386% above its own (26.5).
Our valuation view: dear on Power Grid Corporation of India (low confidence) and dear on Adani Green Energy (low confidence). The view weighs the multiples against each company's peers and its own history.
Which is more profitable, Power Grid Corporation of India or Adani Green Energy?
Power Grid Corporation of India is the more profitable on return on equity: 16.6% against 7.0% for Adani Green Energy.
ROCE: Power Grid Corporation of India 9.7%, Adani Green Energy 5.5%.
Profit margin: Power Grid Corporation of India 33.3%, Adani Green Energy 11.9%.
Which grew faster, Power Grid Corporation of India or Adani Green Energy?
Adani Green Energy grew faster over the last three years: revenue up 17.9% a year against 1.4% a year for Power Grid Corporation of India.
Profit growth, 3 years: Adani Green Energy 19.3% a year, Power Grid Corporation of India 1.1% a year.
Which has cleaner accounts, Power Grid Corporation of India or Adani Green Energy?
Power Grid Corporation of India has the cleaner accounts on our forensic checks: 1 red flag of 26 judged against 5 of 28 judged for Adani Green Energy.
Power Grid Corporation of India: risk level WATCH, 26 of 30 flags judged.
Adani Green Energy: risk level DANGER, 28 of 30 flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one Power Grid Corporation of India's and Adani Green Energy's own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.