Is Adani Green Energy a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Adani Green Energy Ltd is a below average quality company .

Is Adani Green Energy undervalued or overvalued?

The key valuation ratios of Adani Green Energy Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Adani Green Energy share price return in the past 10 years?

Data is not available for this company

Is Adani Green Energy a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Adani Green Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Adani Green Energy Ltd - Stock Valuation and Financial Performance

Name: Adani Green Energy
Brand: Adani Green Energy

BSE: 541450 | NSE: ADANIGREEN | Power Generation/Distribution | Large Cap

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Adani Green Energy Share Price

₹1,174.20 -237.55 -16.83%
as on 21-Nov'24 11:45

10 Year X-Ray of Adani Green Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0.3%	4.4%	4.1%	4.8%	8.4%	10.7%	7.8%	8.5%	10%	-
Value Creation Index ⓘ	NA	-1.0	-0.6	-0.6	-0.7	-0.3	-0.1	-0.3	-0.3	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	27.6	502	1,480	2,058	2,549	3,124	5,133	7,776	9,220	10,583
Sales YoY Gr.	-	NA	1,716.9%	195.1%	39%	23.9%	22.6%	64.3%	51.5%	18.6%	-
Adj EPS ⓘ	0	-1.5	-1.1	-1	-2.2	2.2	0.7	2.7	7.3	8.2	7.1
YoY Gr.	-	NA	NA	NA	NA	NA	-68%	288.6%	169.1%	12.3%	-
BVPS (₹) ⓘ	0	8.5	9.4	8.4	5.4	4.9	5.5	7.6	37.1	38.3	66.8
Adj Net Profit ⓘ	0	-24.5	-141	-139	-345	343	109	425	1,159	1,302	1,128
Cash Flow from Ops. ⓘ	0	-97.8	27.8	649	1,625	1,965	1,601	3,127	7,265	7,713	-
Debt/CF from Ops. ⓘ	0	-42.2	156.5	15.2	7.5	8.2	15.8	17.1	7.5	8.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	35%	43.4%	18.6%
Adj EPS ⓘ	NA	NA	127.3%	12.3%
BVPSⓘ	NA	48.2%	90.9%	3.3%
Share Price	-	64.7%	-4.5%	26.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-18.1	-21.1	-11	-31.6	42.8	13.5	41.5	32.8	18.2	13.6
Op. Profit Mgn % ⓘ	48.3	80.4	57	83.1	69.9	71.7	68.4	71.1	79.6	78.1
Net Profit Mgn % ⓘ	-88.7	-28.1	-9.4	-16.6	12	2.6	8.3	14.9	15.9	10.7
Debt to Equity ⓘ	30.5	3.6	7.4	14.6	21.1	29.3	45.1	9.2	10.6	4.6
Working Cap Days ⓘ	0	696	650	602	418	501	460	399	358	202
Cash Conv. Cycle ⓘ	0	287	338	265	66	91	98	67	39	-202

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 43.44%

Net Profit is growing at healthy rate in last 3 years 127.30%

Debt to equity has declined versus last 3 years average to 10.62

Sales growth is good in last 4 quarters at 19.77%

Return on Equity has declined versus last 3 years average to 13.50%

Latest Financials - Adani Green Energy Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.5	7.1
TTM Sales (₹ Cr.)	16,712	10,583
BVPS (₹.) ⓘ	47.8	66.8
Reserves (₹ Cr.) ⓘ	5,987	8,992
P/BV ⓘ	29.54	21.14
PE ⓘ	0.00	198.25

From the Market
52 Week Low / High (₹)	910.05 / 2173.65
All Time Low / High (₹)	22.75 / 3048.00
Market Cap (₹ Cr.)	2,23,626
Equity (₹ Cr.)	1,584
Face Value (₹)	10
Industry PE ⓘ	26.7

Management X-Ray of Adani Green Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.19

4.27

4.36

3.50

3.84

3.35

1.67

1.02

1.00

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Adani Green Energy

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Price to Earnings

Enterprise Value to EBIT

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Analyst's Notes

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Key Ratios of Adani Green Energy

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	28	502	1,480	2,058	2,549	3,124	5,133	7,776	9,220
Operating Expenses ⓘ	14	98	647	533	1,099	889	1,623	2,845	1,923
Manufacturing Costs	7	12	541	66	548	624	1,463	2,022	1,552
Material Costs	0	0	0	129	19	96	0	0	0
Employee Cost	0	39	44	60	107	38	34	40	77
Other Costs ⓘ	7	48	62	277	425	131	126	783	294
Operating Profit ⓘ	13	403	834	1,525	1,450	2,235	3,510	4,931	7,297
Operating Profit Margin (%)	48.3%	80.4%	56.3%	74.1%	56.9%	71.5%	68.4%	63.4%	79.1%
Other Income ⓘ	7	144	51	113	394	630	444	1,369	1,240
Interest ⓘ	39	397	552	1,161	1,309	2,108	2,617	3,439	5,006
Depreciation ⓘ	6	333	543	1,062	394	486	849	1,300	1,903
Exceptional Items ⓘ	0	0	0	0	-191	-84	64	-194	-246
Profit Before Tax ⓘ	-24	-184	-210	-585	-50	193	553	1,426	1,671
Tax ⓘ	0	-138	-73	-113	11	11	64	453	411
Profit After Tax	-24	-46	-137	-471	-61	182	489	973	1,260
PAT Margin (%)	-88.7%	-9.2%	-9.3%	-22.9%	-2.4%	5.8%	9.5%	12.5%	13.7%
Adjusted EPS (₹)	-1.5	-0.4	-1.0	-3.0	-0.2	1.3	3.1	6.2	6.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	136	1,203	1,341	840	763	861	1,190	5,880	6,072
Share Capital ⓘ	160	1,274	1,564	1,564	1,564	1,564	1,564	1,584	1,584
Reserves ⓘ	-24	-71	-223	-724	-801	-703	-374	4,296	4,488
Minority Interest	0	0	0	-1	-46	-74	0	46	7614
Debt	4,129	4,298	9,724	11,784	15,318	24,778	52,325	52,044	46,873
Long Term Debt	3,541	3,663	8,373	11,041	14,203	21,085	44,141	50,056	41,927
Short Term Debt	587	635	1,351	742	1,115	3,693	8,184	1,988	4,946
Trade Payables	1	8	98	161	175	129	145	391	354
Others Liabilities ⓘ	1,285	513	4,299	1,498	1,865	2,607	4,945	8,541	27,173
Total Liabilities ⓘ	5,551	6,022	15,463	14,282	18,075	28,301	58,605	66,902	88,086
Fixed Assets
Gross Block	2,787	4,671	9,995	12,329	14,889	19,246	32,105	53,261	69,064
Accumulated Depreciation	12	330	875	1,941	2,335	2,817	3,653	4,925	6,780
Net Fixed Assetsⓘ	2,775	4,341	9,120	10,388	12,554	16,429	28,452	48,336	62,284
CWIP ⓘ	1,950	267	1,725	743	1,208	4,452	19,899	5,291	6,427
Investmentsⓘ	7	26	87	77	477	502	574	1,149	1,515
Inventories	401	0	1,692	136	104	29	17	52	291
Trade Receivables	64	336	848	758	740	1,494	1,809	2,206	1,342
Cash Equivalents	106	187	457	361	695	1,019	1,593	1,984	8,764
Others Assetsⓘ	249	864	1,534	1,818	2,297	4,376	6,261	7,884	7,463
Total Assets ⓘ	5,551	6,022	15,463	14,282	18,075	28,301	58,605	66,902	88,086

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-98	28	649	1,625	1,965	1,601	3,127	7,265	7,713
PBT ⓘ	-24	-184	-210	-585	-50	187	552	1,367	1,382
Adjustment ⓘ	44	589	1,070	2,146	1,826	2,057	3,020	4,204	5,964
Changes in Working Capital ⓘ	-117	-375	-205	92	207	-629	-425	1683	417
Tax Paid ⓘ	0	-2	-6	-29	-18	-14	-20	11	-50
Cash Flow From Investing Activity ⓘ	-4,197	-1,510	-4,428	-2,666	-3,743	-9,225	-19,348	-3,857	-21,060
Capex	-4,092	-917	-4,412	-2,868	-3,396	-6,130	-14,855	-3,338	-15,700
Net Investments	-103	-72	-108	-9	-692	-1,101	172	-1,235	-6,184
Others ⓘ	-2	-522	92	211	345	-1,994	-4,665	716	824
Cash Flow From Financing Activityⓘ	4,304	1,559	3,942	1,045	2,161	7,083	15,986	-2,973	13,953
Net Proceeds from Shares ⓘ	161	1,114	103	0	0	5	0	3,898	0
Net Proceeds from Borrowing ⓘ	3,560	632	3,996	2,911	2,923	5,568	15,777	4,809	10,977
Interest Paid ⓘ	-4	-370	-404	-1,257	-1,109	-1,589	-3,202	-5,139	-4,601
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0
Others ⓘ	587	183	247	-609	347	3,099	3,411	-6,541	7,577
Net Cash Flow ⓘ	9	77	162	3	383	-541	-235	435	606

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-18.07	-6.91	-11.67	-47.29	-7.61	22.41	47.68	27.52	21.08
ROCE (%)	0.34	4.35	4.08	4.75	8.41	10.72	7.84	8.46	10.04
Asset Turnover Ratio	0	0.09	0.14	0.14	0.16	0.13	0.12	0.12	0.12
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	8.8	6.39	7.47	6.12
Working Capital Days
Receivable Days	850	146	146	142	107	131	117	94	70
Inventory Days	5,297	146	209	162	17	8	2	2	7
Payable Days	0	0	0	366	3,230	578	0	0	0

Adani Green Energy Ltd Stock News

Adani Green Energy Ltd FAQs

What is the share price of Adani Green Energy?

Company share prices are keep on changing according to the market conditions. The closing price of Adani Green Energy on 21-Nov-2024 11:45 is ₹1,174.2.

What is the market cap of Adani Green Energy?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 11:45 the market cap of Adani Green Energy stood at ₹2,23,625.8.

What is the P/E ratio of Adani Green Energy?

The latest P/E ratio of Adani Green Energy as of 21-Nov-2024 11:45 is 0.00.

What is the P/B ratio of Adani Green Energy?

The latest P/B ratio of Adani Green Energy as of 21-Nov-2024 11:45 is 29.54.

What is the 52-week high and low of Adani Green Energy?

The 52-week high of Adani Green Energy is ₹2,173.7 and the 52-week low is ₹910.0.

What is the TTM revenue of Adani Green Energy?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Green Energy is ₹16,712 ( Cr.) .

About Adani Green Energy Ltd

Adani Green Energy Limited is a public limited company domiciled in India and incorporated on January 23, 2015 under the provisions of Indian Companies Act, 2013 and forms part of the Adani group Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India. AGEL is part of the Adani Group’s promise to provide a better, cleaner and greener future for India. Driven by the Group’s philosophy of ‘Growth with Goodness’, the company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations.

On the back of long-term Power Purchase Agreements (PPAs) of 25 years with central and state government entities, AGEL has leveraged its capabilities and expanded its presence across many Indian states. The company deploys the latest technologies in its projects. With a portfolio of many operational projects and various projects under construction, AGEL is driving India on its renewable energy journey.

Business area of the company

Adani Green Energy is a holding company of several subsidiaries carrying business of renewable power generation within the Group. The Group is primarily involved in renewable power generation and other ancillary and related activities

Products and services offered by the company

Solar Power
Wind Power
Hybrid Power
Solar Parks
Operational Excellence

Awards and recognitions

Financial Year 2018-19

Adani Skill Development Centre received the Special Jury Recognition Award at the Indian Chamber of Commerce Social Impact Awards in Kolkata.
Dr. Priti Adani received the Banas Ratna Award. The award, held each year, is given to people belonging to or having roots in Banaskantha region and having worked in the area’s community service and nation-building process.
GAIMS, Bhuj, received the Kayakalp Award by the Health and Family Welfare Department, Government of Gujarat.
Adani Vizhinjam Port won the TMA - Terumo Penpol CSR Award 2018 in recognition of its CSR excellence.
SuPoshan won the BSNL Dainik Jagran CSR Awards in the Health category.
SuPoshan has been awarded with the esteemed Public Affairs Asia (PAA) Gold Standard Award for Corporate Citizenship (Community Relations).
Adani Vizhinjam Port won the Indywood CSR Award.
Ek Kaam Desh ke Naam organisation in Delhi was awarded the Platinum Award to Senior Citizen’s Health Card Scheme of Adani Foundation at Mundra.
Adani Skill Development Centre received a commemoration certificate on November 1, 2018 in recognition of its outstanding contribution and a certificate of merit for Best Vocational Training Provider (VTP) -Training by ASSOCHAM.

Financial Year 2019-20

Won Sustainability Award under the Gold Category” in Apex India Excellence Award Renewable Energy Sector for sustainable development and its implementation with visible leadership demonstration at workplace.
Rajeshwar Cluster of AGEL won OSH India Award 2019 in Employee Awareness Campaign Category from OSH India.
Kamuthi Site Team got rated 3 Star by CII - SR EHS Excellence Award for the Year 2019.
AGEL became UNGC signatory member.

Milestones

2018

49% of Equity Shares of Kodangal Solar Parks (KSPPL) were acquired by the Company on March 22, 2018. Accordingly, KSPPL became an joint venture of the Company.
50,000 Equity Shares of Zemira Renewable Energy Limited (Zemira) (erstwhile known as Adani Wind Energy (AP) constituting 100% of paid-up share capital, were disposed off by the Company on December 20, 2017. Accordingly, Zemira ceased to be subsidiary of the Company.

2019

Won new projects for 925 MW wind and 675 MW solar.
Won 390 MW hybrid power project in India’s first tender for renewable power projects.
Implemented RONC adopting cutting-edge technology enabling operational excellence for various projects.
Bhadla solar park with capacity of 500 MW commissioned.
Fatehgarh solar park of 1,500 MW construction started.

2020