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Adani Green Energy Ltd

NSE: ADANIGREEN · Power Generation · sector

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₹1,289.00NSE close 2026-10-27

Key numbers

Market cap₹2,12,298 cr
Price₹1,289.00
52w high / low₹1,632 / ₹765
P/E117.2xSector median 19.4x
P/B9.8xSector median 1.6x
Book value₹131.1
Dividend yield0.16%Sector median 1.37%
ROE9.1%Sector median 4.5%
ROCE7.3%Sector median 6.2%
OPM86.3%Sector median 33.3%
Debt / equity5.20xSector median 0.90x
EV/EBITDA24.9xSector median 9.8x
Interest cover1.3x
Current ratio0.57x
Sales growth 3y+18.4%Sector median +3.1%
Profit growth 3y+19.3%Sector median +19.3%
PEG5.51x

Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2,070.55 · low ₹768.55
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,3653,0733,8003,0082,6183,5024,4314,258
EBITDA1,5852,2273,0252,5202,2302,7743,9833,797
OPM %67.0%72.5%79.6%83.8%85.2%79.2%89.9%89.2%
Other income265214206241219225232262
Net profit492230713583-41397845673
EPS (₹)2.921.264.263.44-0.382.335.054.00
Revenue YoY+10.7%+14.0%+16.6%+41.6%
Profit YoY-108.3%+72.6%+18.5%+15.4%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue5,1337,7929,22011,21212,92814,809
EBITDA3,6034,7377,0518,56210,54912,784
Net profit4899741,1001,4441,6521,874
EPS (₹)2.415.416.218.379.6511.00
Revenue growth+51.8%+18.3%+21.6%+15.3%+20.9%
Profit growth+99.2%+12.9%+31.3%+14.4%-7.1%
Dividend / share (₹)–––––
Compounded growth3 years5 yearsLast 12 months
Sales+18.4%+32.9%+20.9%
Net profit+19.3%+51.1%-7.1%
EPS+21.3%+70.0%–
Share price–-14.2% (2y)+21.0%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–7,3049,83412,13719,965
Borrowings–54,22363,06078,0691,01,440
Cash & equivalents–3,0029,7855,1364,393
Total assets–67,36188,5381,11,3981,44,097
Fixed assets–48,25762,19579,8231,02,049
Capital work in progress–5,2916,42314,47919,016
Investments–0747474
Receivables–2,2061,3421,5402,129
Inventory–52291101136
Payables–391354395407

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations3,0607,2657,7138,36410,135
Cash from investing-18,663-3,857-21,060-19,827-26,227
Cash from financing15,986-2,97313,95312,06815,615
Capex14,7923,37615,77324,77626,097
Free cash flow-11,7323,889-8,060-16,412-15,962

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–13.3%11.2%11.9%8.3%
ROCE %–7.0%8.8%8.1%6.6%
Debtor days–103535060
Inventory days–11892670
Payable days–82109100210
Cash conversion cycle (days)–3233-24-80
Working capital days–-34-511-261-245

Shareholding

Holder (% of shares)Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Change since Sep 2025
Promoters62.43%–62.43%62.43%62.43%0.00 pts
FIIs11.29%–11.10%11.84%11.33%+0.04 pts
DIIs2.98%–4.56%4.82%5.29%+2.31 pts
of which Mutual funds1.64%–3.22%3.49%3.96%+2.32 pts
of which Insurance1.31%–1.31%1.32%1.33%+0.02 pts
Public (non-institutions)23.30%–21.91%20.91%20.94%-2.36 pts
No. of shareholders9,77,483–9,30,9707,99,1437,86,178-19.6%
PromotersFIIsDIIsPublic (non-institutions)
Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Promoters Sep 2025: 62.43%Promoters Mar 2026: 62.43%Promoters Jun 2026: 62.43%Promoters Sep 2026: 62.43%FIIs Sep 2025: 11.29%FIIs Mar 2026: 11.10%FIIs Jun 2026: 11.84%FIIs Sep 2026: 11.33%DIIs Sep 2025: 2.98%DIIs Mar 2026: 4.56%DIIs Jun 2026: 4.82%DIIs Sep 2026: 5.29%Public (non-institutions) Sep 2025: 23.30%Public (non-institutions) Mar 2026: 21.91%Public (non-institutions) Jun 2026: 20.91%Public (non-institutions) Sep 2026: 20.94%
Promoter group%
Adani Trading Services Llp28.80%
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)19.96%
Spitze Trade And Investment Limited4.93%
Ardour Investment Holding Ltd4.01%
Adani Infra (India) Limited2.34%
Hibiscus Trade And Investment Ltd1.57%
Infinite Trade And Investment Ltd0.52%
Adani Tradeline Private Limited0.30%
Rahi Rajeshkumar Adani0.01%
Vanshi Rajesh Adani0.01%
Jeet Gautam Adani0.00%
Karan Gautam Adani0.00%
Pranav Vinod Adani0.00%
Sagar Rajeshbhai Adani0.00%
Gautambhai Shantilal Adani0.00%
Public holders above 1%%
Totalenergies Renewables Indian Ocean Ltd13.84%
Totalenergies Solar Wind Indian Ocean Ltd3.41%
Inq Holding Llc2.59%
Quant Mutual Fund - Quant Small Cap Fund2.05%
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund1.90%
Gqg Partners Emerging Markets Equity Fund1.33%
Life Insurance Corporation Of India1.30%

7,86,178 shareholders. Pledged: 0.00% of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).

Peers in Power Generation

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
NTPC₹2,92,646 cr10.5x1.4x14.3%8.7%30.9%+2.1%2.99%
ADANIGREEN₹2,12,298 cr117.2x9.8x9.1%7.3%86.3%+18.4%0.16%
JSWENERGY₹86,061 cr41.9x2.8x6.8%7.2%53.2%+22.3%0.42%
NHPC₹73,530 cr19.4x1.8x9.4%5.0%47.4%+3.1%3.21%
NTPCGREEN₹70,048 cr117.1x3.7x3.2%3.6%87.1%––
NLCINDIA₹31,948 cr9.6x1.5x15.7%9.0%33.3%+2.7%2.30%
ACMESOLAR₹29,357 cr42.5x5.8x12.6%8.6%87.6%–0.08%
SJVN₹19,944 cr31.3x1.4x4.5%5.5%69.8%+15.5%2.87%
CLEANMAX₹14,412 cr135.1x3.1x2.0%5.4%59.2%––
NAVA₹13,887 cr18.4x1.6x9.2%13.3%38.4%+6.7%3.57%

All 35 companies in Power Generation →

Business segments (FY26)

SegmentRevenueShareEBITMargin
Sale of Goods / Equipments and Related Services₹2,007 cr100.0%₹516 cr25.7%
(Less) : Elimination / Adjustments₹0 cr–₹-510 cr–

Dividends & corporate actions

Ex-dateActionDetail
2024-06-14OtherAnnual General Meeting
2023-07-11OtherAnnual General Meeting
2022-07-18OtherAnnual General Meeting
2021-07-02OtherAnnual General Meeting
2020-06-16OtherAnnual General Meeting
2019-07-29OtherAnnual General Meeting
2018-07-27OtherAnnual General Meeting

Latest filings

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company

SectorUtilities
IndustryPower Generation
Sub-industryPower Generation
SymbolADANIGREEN
BSE code541450
ISININE364U01010
Face value₹10.0
Incorporated2015-01-23
Websitewww.adanigreenenergy.com
Plants (India / abroad)105 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.