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ADANIGREEN · NSE · Power Generation

Adani Green Energy Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Utilities
dear low confidence No valuation within 120 days; P/E 120 vs peers 28.9 (8th of 9); P/B 8.9 vs peers 2.6 (9th of 9).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Adani Green Energy's share price today?

Adani Green Energy last traded at ₹1,274.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.4% on the day, up 19.4% over a year. Its 52-week range is ₹765 to ₹1,632. The live price is in the app.

₹1,274.00 +1.4% today
+19.4% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range59% of the way up
Low ₹765High ₹1,632

What is Adani Green Energy's market cap?

Adani Green Energy's market capitalisation is about ₹2.07 lakh crore: what it would cost to buy every share at today's price. That makes it the 42nd largest large cap company we cover.

₹2.1 L Cr Large Cap42nd largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: ADANIGREEN
ISIN
INE364U01010
Cap bucket
Large Cap, 42nd largest by market cap
Industry (NSE)
Utilities › Power › Power Generation
Listed since
2018
Futures and options
Traded

Is Adani Green Energy overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 120 vs peers 28.9 (8th of 9); P/B 8.9 vs peers 2.6 (9th of 9).

Valuation

Latest price and trailing 12 months
P/E 120.29
vs peers 28.9 · 8th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 8.92
vs peers 2.6 · 9th of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹2.07 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 6.60
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Adani Green Energy a quality business?

Quality score 29.2, 8th of 9 in its peer set; DANGER on 28 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 29.2
vs peers 55 · 8th of 9
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level DANGER
28 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 7.0%
vs peers 7.1% · 5th of 9
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 5.5%
vs peers 8.0% · 7th of 9
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 12.3%
vs peers 16.7% · 7th of 9
Profit after everything, as a share of revenue. Learn more →
EPS ₹12.06
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Adani Green Energy made money for shareholders?

Yes: +19.4% over one year and +2.2% a year over five years.

Shareholder returns

1-year return +19.4%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +2.2% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−2.2%
1M
+0.1%
3M
−18.8%
6M
+15.7%
1Y
+19.4%
3Y
+11.9%
5Y
+2.2%

Is Adani Green Energy growing?

Revenue 3 years 17.9% a year; profit 3 years 19.3% a year; revenue 5 years 20.7% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 17.9% a year
vs peers 11.6% · 4th of 9
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 19.3% a year
vs peers 14.9% · 3rd of 8
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 20.7% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 29.5% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 18.2% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 50.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -23.5%
vs peers -9.7% · 1st of 7
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Adani Green Energy do last quarter?

Adani Green Energy reported revenue of ₹4,323 Cr, up 15.3% on a year earlier and a net profit of ₹925 Cr, down 0.7% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹4,323 Cr
+15.3% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹925 Cr
−0.7% on a year earlier
What was left for shareholders after every cost and tax.

How does Adani Green Energy compare with its peers?

Compared with 8 Power Generation; 8th of 9 on P/E; 8th of 9 on quality score.

Compared with 8 Power Generation

8 companies

Adani Green Energy against its peers

Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Adani Green Energy Ltd₹2.1 L Cr120.38.97.0%5.5%+19.4%
Adani Power Ltd₹3.6 L Cr25.65.722.1%18.0%+22.4%
NTPC Ltd₹3.0 L Cr10.92.113.8%8.3%−8.7%
JSW Energy Ltd₹84,762 Cr41.23.53.7%4.8%−15.1%
NTPC Green Energy Ltd₹78,028 Cr130.44.12.2%4.1%−6.2%
NHPC Ltd₹73,319 Cr20.71.912.8%7.6%−15.6%
NLC India Ltd₹33,772 Cr12.11.97.2%8.8%−9.8%
ACME Solar Holdings Ltd₹29,554 Cr42.73.23.6%7.8%+47.4%
SJVN Ltd₹21,720 Cr32.31.77.0%9.8%−38.6%
Peer median—28.92.67.1%8.0%−9.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Adani Green Energy?

Adani Green Energy is held by promoters 62.4%, foreign institutions 11.3%, domestic institutions 5.3%.

Shareholding pattern

Latest filing, percent of shares
Promoters62.4%
The founders and controlling group.
Foreign institutions11.3%
Overseas funds investing through the FPI route.
Domestic institutions5.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds4.0%
Indian mutual fund schemes; part of domestic institutions.
Retail and others2.5%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Adani Green Energy?

11 analysts cover Adani Green Energy, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

11 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Adani Green Energy do and what is it sensitive to?

Adani Green Energy Limited generates renewable (solar and wind) power and sells it mainly to state utilities and distribution companies (DISCOMs) under long-term power purchase agreements. Sensitive to: interest rates.

Business-model card

FY2025 · 36 verified
3Revenue
3Channels
1Regulators
4Reg. dependencies
5Sensitivities
4Costs
3Geographies

Adani Green Energy Limited generates renewable (solar and wind) power and sells it mainly to state utilities and distribution companies (DISCOMs) under long-term power purchase agreements. It also earns from sales of renewable power equipment and EPC services.

Revenue by segment

2026-03-31
Renewable power generation and other related ancillary activities85.9%
Sale of Goods / Equipments and Related Services14.1%

Revenue engine

3 verified
Revenue from Power Supply
Largest line: electricity sold under PPAs, recognised at the point in time electricity is supplied. Table in the excerpt shows 9,495 (FY2025) and 7,735 (FY2024), in INR crore, out of total revenue 11,212 and 9,220.
Revenue from Sale of Goods / Equipments and Related Services
Second line: sale of goods and equipment. Table shows 1,552 (FY2025) and 1,328 (FY2024), in INR crore.
Reportable segments: renewable power generation and sale of renewable power equipments
The Group reports two segments: renewable power generation with ancillary activities, and sale of renewable power equipment (which includes sales by associate Mundra Solar Energy Limited).

Customers & channels

3 verified
State utilities and Distribution Companies (DISCOMs)
Primary B2B buyers. Power is offtaken under long-term PPAs, so volumes and tariffs are set by contract.
Sovereign counterparties under PPAs (SECI, NTPC, NHPC, State DISCOMs) (85.0%)
Share of the portfolio with executed PPAs, a contract base that concentrates buyers in government-linked entities.
Customers: power generation planning and scheduling
Customer engagement covers generation planning and scheduling, plus reconciliation and settlements, under binding agreements.

Regulators

1 verified
Electricity Act, 2003
Industry law identified by management as applicable to the Company's power generation business.

Regulatory dependencies

4 verified
Long-term PPA tariffs and deferred revenue recognition
Revenue is recognised over the PPA period, so tariff terms and contract length set the timing of revenue. Interpretation: a change in PPA terms or tariff disputes would shift this timing.
Disputed tariff and payment claims with regulators
Customers withhold part of invoices or pay under protest over tariff reduction and excess energy. Such matters are litigated, so revenue and receivables depend on regulatory outcomes.
Changes in regulatory framework
Stated company risk: regulatory change could hit financial viability of existing and new projects and cause operational slowdown.
1 more statement
Domestic manufacturing policy (PLI and ALMM)
Government policies such as PLI and the ALMM list encourage domestic manufacturing. Interpretation: they affect the sourcing and cost of solar and wind equipment.

Sensitivities

5 verified
Interest rates
Rising rates raise borrowing cost. The company reports a 50 basis point sensitivity and cites unfavourable cost of debt as a risk to value.
Currency movements
Stated: the company hedged 100% of foreign currency borrowings and trade creditors, leaving limited FX exposure. Interpretation: unhedged FX would move procurement cost and debt service.
Merchant and tariff pressure
Stated risk: lower tariffs reduce margins. Competition on bid tariffs and merchant markets pressures prices.
2 more statements
Weather and resource variability
Stated risk: concentration in select geographies with changes in weather patterns can affect revenue disproportionately.
Equipment cost increases
Stated risk: rising cost of critical materials raises project cost. Interpretation: lower equipment costs would help margins, and this is the input cost line most exposed to commodity moves.

Cost inputs

4 verified
Solar and wind equipment and critical materials
Silicon wafers, solar cells and modules are named as critical materials. Procurement is hedged through fixed-rate contracts and price variation clauses.
Imported solar and wind equipment
Import of solar and wind equipment creates FX exposure on procurement.
Interest on loans, debentures and bonds
Largest finance cost line: 4,703 in FY2025 and 4,078 in FY2024 (INR crore).
1 more statement
Inputs sourced directly from MSMEs and small producers
Share of input material by value sourced directly from MSMEs or small producers, up from 21% in FY2024.

Geographies

3 verified
India: 12 states
Only operating market. Assets are spread across 12 states, with no international locations.
Assets located in 12 diverse resource-rich states
Stated: spread across states to reduce concentration risk.
Rajasthan and Gujarat expansion
Capacity expansion is planned in these states, described as India's most wind and solar resource-rich states.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (22 Jul 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ2 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
  7. Corporate actionAnnual General Meeting.
  8. Corporate actionAnnual General Meeting.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsDANGER on 28 of 30 flags judged; 5 red; 2 could not be judged.
  • Data gapsDividend yield, PEG (vendor), Business quality: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓96 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 36 verified

Questions people ask

What is Adani Green Energy's share price today?

Adani Green Energy last traded at ₹1,274.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.4% on the day, up 19.4% over a year. Its 52-week range is ₹765 to ₹1,632. The live price is in the app.

What is Adani Green Energy's market cap?

Adani Green Energy's market capitalisation is about ₹2.07 lakh crore: what it would cost to buy every share at today's price. That makes it the 42nd largest large cap company we cover.

Is Adani Green Energy Ltd a large cap, mid cap or small cap?

Adani Green Energy Ltd (ADANIGREEN) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Adani Green Energy Ltd's P/E ratio?

120.29, vs peers 28.9 · 8th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Adani Green Energy Ltd overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 120 vs peers 28.9 (8th of 9); P/B 8.9 vs peers 2.6 (9th of 9).

How does Adani Green Energy Ltd make money?

Adani Green Energy Limited generates renewable (solar and wind) power and sells it mainly to state utilities and distribution companies (DISCOMs) under long-term power purchase agreements. It also earns from sales of renewable power equipment and EPC services.

Who are Adani Green Energy Ltd's peers?

Compared with 8 Power Generation: Adani Power Ltd, NTPC Ltd, JSW Energy Ltd, NTPC Green Energy Ltd, NHPC Ltd and 3 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Adani Green Energy do last quarter?

Adani Green Energy reported revenue of ₹4,323 Cr, up 15.3% on a year earlier and a net profit of ₹925 Cr, down 0.7% in the Jun 2026 quarter.

Who owns Adani Green Energy?

Adani Green Energy is held by promoters 62.4%, foreign institutions 11.3%, domestic institutions 5.3%.

What do analysts say about Adani Green Energy?

11 analysts cover Adani Green Energy, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Adani Green Energy, and 6,621 other companies, with 212 filters and the full peer tables

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