Adani Green Energy

    ADANIGREEN
    Energy
    ₹1,250.00
    Price as of 26 Oct 2026, 4:52 pm IST

    Market cap ₹2.06 L Cr

    P/E
    113.64
    Day range
    ₹1,175.00 – ₹1,250.00
    52-week range
    ₹765.00 – ₹1,631.50
    Volume
    20.69 L
    Open
    ₹1,185.10
    Prev close
    ₹1,185.10

    Latest results · Q2 FY27(consolidated)Revenue ₹4,258 Cr+41.6%Profit ₹747 Cr+16.0%Margin 17.5%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    ADANIGREEN in NSE indices and F&O

    F&O margin for one lot of ADANIGREEN (600 shares)

    Research profile

    Composite 34 / 100

    Factor percentiles

    Value12
    Quality39
    Momentum59
    Low volatility26

    Derived metrics

    Earn. yield
    0.9%
    Graham no.
    ₹192.04
    vs Graham
    -84.6%
    ROE ÷ P/B
    1.4%
    12-1 mom.
    +25.8%
    Return / vol
    0.33
    Magic Formula
    #597
    FCF yield
    -8.2%

    Appears in 7 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 48 in Energy
    Largest Energy companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Reliance IndustriesRELIANCE₹16.26 L Cr21.761.7811.0%10.0%15.0%0.45+27.0%
    Adani PowerADANIPOWER₹3.60 L Cr19.744.5721.4%17.0%42.0%0.82+44.5%
    NTPCNTPC₹2.91 L Cr10.481.4214.2%9.0%32.0%1.33+7.8%
    Oil & Natural Gas CorpONGC₹2.87 L Cr6.600.7713.9%14.0%8.0%0.47+25.7%
    Coal IndiaCOALINDIA₹2.50 L Cr8.002.0628.1%35.0%26.0%0.12+7.8%
    Power Grid CorpPOWERGRID₹2.30 L Cr14.442.2916.5%9.0%82.0%1.47+2.7%
    Adani Green EnergyADANIGREEN₹2.06 L Cr113.649.0512.4%7.0%89.0%5.48+41.6%
    Indian Oil CorpIOC₹1.85 L Cr5.280.8321.5%19.0%1.5%0.60+38.5%
    Sector median₹37,958 Cr17.781.8913.8%11.5%26.0%0.77+20.7%

    Sector as classified in the tracked universe; medians use every tracked Energy company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 21 Sept 2026

    Headlines about Adani Green Energy from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    99.9
    EPS (TTM)
    ₹11.51
    Price / Book
    9.54
    ROE (FY26)
    12.4%
    ROCE (latest year)
    7%
    Dividend yield
    0.00%

    Moving averages (NSE)

    20-day
    ₹1,276.65
    Price below
    50-day
    ₹1,290.84
    Price below
    200-day
    ₹1,215.49
    Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +18.4%
    Profit 3Y CAGR
    +26.9%
    Revenue YoY (Sep 2026)
    +41.6%
    Profit YoY (Sep 2026)
    +16.0%
    Operating margin
    89.0%
    Net margin
    17.5%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2K Cr4K Cr6K Cr
    • Revenue
    • Net profit

    Operating margin

    Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 20260%45%90%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • Public
    • FII
    • DII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-40K Cr-20K Cr0 Cr20K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-40%-20%0%20%40%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 20260x20x40x

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
    Sales2,3112,5272,7943,0052,3403,0733,8003,0082,6183,5024,4314,258
    Expenses645693415788460671758405377620446461
    Operating Profit1,6661,8342,3792,2171,8802,4023,0422,6032,2412,8823,9853,797
    OPM %72%73%85%74%80%78%80%87%86%82%90%89%
    Other Income26423427129428039189158208117230262
    Interest1,2421,2241,4261,4481,2511,3681,5251,6351,6981,6262,0012,119
    Depreciation4814975966216186637678348868851,0261,084
    Profit before tax207347628442291410939292-1354881,188856
    Tax %33%24%28%6%-37%29%25%-81%-27%11%22%22%
    Net Profit2563106295154743838246445514983747
    EPS in Rs₹1.62₹0.95₹2.82₹1.74₹3.11₹1.45₹4.39₹3.54₹-0.25₹2.41₹5.13₹4.09

    From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days60

    -81 days since Mar 2021

    Inventory Days—
    Days Payable—
    Cash Conversion Cycle60

    -81 days since Mar 2021

    Working Capital Days-369

    +38 days since Mar 2021

    Strengths, risks & growth

    Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. [1]

    Strengths

    • Company's median sales growth is 31.4% of last 10 years

    Risks

    • Stock is trading at 9.04 times its book value
    • Though the company is reporting repeated profits, it is not paying out dividend
    • Company has low interest coverage ratio.
    • Company has a low return on equity of 13.4% over last 3 years.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +85%
    5 Years
    +33%
    3 Years
    +18%
    TTM
    +21%

    Compounded Profit Growth

    10 Years
    +70%
    5 Years
    +44%
    3 Years
    +17%
    TTM
    -11%

    Stock Price CAGR

    10 Years
    —
    5 Years
    0%
    3 Years
    +11%
    1 Year
    +15%

    Return on Equity

    10 Years
    +12%
    5 Years
    +15%
    3 Years
    +13%
    Last Year
    +11%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter62.44%62.44%62.43%62.43%0.00 pp
    FII11.42%11.10%11.84%11.33%-0.51 pp
    DII4.31%4.56%4.82%5.30%+0.48 pp
    Public21.84%21.92%20.90%20.94%+0.04 pp

    Filed with NSE for Sept 2026: promoters 62.43%, public 37.57% · XBRL filing

    Analysts & fund holdings

    100%
    100% recommend buy
    9 analysts cover the stock
    Valuation vs Independent Power and Renewable Electricity Producers
    P/E113.6 vs 24.7
    Sector P/B2.72
    Beta2.00

    Who holds the shares, quarter by quarter

    Mutual funds 3.96% (+0.47 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters62.4%
    • Foreign institutions11.3%
    • Mutual funds4.0%
    • Insurance1.3%
    • Other domestic institutions0.0%
    • Retail2.5%
    • Others18.5%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Quant Small Cap Fund0.43%2.61%-0.70 pp
    HDFC Focused Fund0.31%2.36%+2.36 pp
    Quant ELSS Tax Saver Fund0.29%4.78%-0.46 pp
    SBI Arbitrage Fund0.21%0.99%-0.03 pp
    Kotak Arbitrage Fund0.20%0.58%-0.13 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    43.3%
    Downside volatility
    41.2%
    Worst 5% of days
    4.2%
    Average of that tail
    6.3%
    Max drawdown (1Y)
    32.9%
    Below its peak
    26.1%

    Against the market

    Beta vs Nifty 50
    1.61
    Correlation
    0.49
    Relative strength (3M)
    -8.8%
    ATR (14)
    3.8%

    Return

    Return 1M
    -9.1%
    Return 3M
    -14.1%
    Return 6M
    -1.2%
    Return 1Y
    +14.4%
    vs 200-day average
    -2.5%

    Momentum

    RSI (14)
    35.4
    MACD histogram
    -6.52
    Stochastic %K
    6.8
    ADX (14)
    13.9
    +DI / −DI
    16.3 / 33.2
    Money flow index
    47.1

    Participation

    Delivery (20d avg)
    37.0%
    vs its 60-day baseline
    +1.1 pts
    Volume vs 20-day
    +0.3σ
    Close vs day's VWAP
    -0.9%
    52-week position
    50 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.

    Free cash flow
    -₹15,962 Cr
    FCF yield
    -8.2%
    Net debt
    ₹99,705 Cr
    Net debt / equity
    4.99
    EV / sales
    19.91

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Model simulation

    30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.

    Research
    Research output, not advice. Model output for research only. Not investment advice, not a price target, and not a prediction of actual returns. Generated by a statistical model from past prices; past patterns do not determine future prices.

    Lower edge (10th percentile)

    ₹1,019.96

    -13.9%

    Upper edge (90th percentile)

    ₹1,244.39

    +5.0%

    The marker is the last close, ₹1,185.1. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹1,115.92 (-5.8%), which is the centre of the simulation and not an expected or target price.

    The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.

    Insider trades

    Last 12 months, market trades
    No market trades
    0 buys · ₹0
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹111 Cr28 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹117 Cr26 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹117 Cr24 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy6,00,000₹142 Cr23 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹121 Cr22 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹117 Cr21 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy5,00,000₹116 Cr21 Sept 2022
    SPITZE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy4,00,000₹93.3 Cr19 Sept 2022
    Gelt bery Trade and Investment Ltd.
    Promoter Group · Market Purchase
    		Buy100₹2.4 L24 Aug 2022
    INFINITE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy8,00,000₹92.7 Cr3 Nov 2021
    INFINITE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy7,50,000₹87.6 Cr3 Nov 2021
    INFINITE TRADE AND INVESTMENT LIMITED
    Promoter Group · Market Purchase
    		Buy8,02,000₹91.6 Cr30 Sept 2021

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • other
      Not available — not reported in this filing

      Annual General Meeting

      14 Jun 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      11 Jul 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      18 Jul 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      2 Jul 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Jun 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      29 Jul 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      27 Jul 2018
      ex-date

    Company announcements

    AGM/EGMPrice-sensitive
    Notice Of Extra Ordinary General Meeting Scheduled To Be Held On November 16, 2026

    Notice of Extra Ordinary General Meeting scheduled to be held on November 16, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Audio Recording of Analysts/ Investors Call pertaining to the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026

    Company Update
    Presentation On Operational & Financial Highlights

    Presentation on Operational & Financial highlights for the quarter and half year ended September 30, 2026

    Result
    Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026

    Unaudited Financial Results for the quarter and half year ended September 30, 2026

    Board Meeting
    Board Meeting Outcome for Outcome Of Board Meeting Held On October 21, 2026

    Outcome of Board Meeting held on October 21, 2026

    Company Update
    Provisional Operational Update: H1 FY27
    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of post earnings call with Investors

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026

    Adani Green Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026 ,inter alia, to consider and approve the Unaudited Financial ....

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of interaction with Investors/ Analysts

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners LLC

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

    Company Update
    Operationalization Of Projects

    Operationalization of Projects

    Insider Trading / SAST
    Closure of Trading Window

    Intimation of closure of Trading Window

    Company Update
    Settlement Order From SEBI

    Settlement order from SEBI

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of interaction with Investors/ Analysts

    Filed with BSE (scrip 541450); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Order

      Order in the matter of alleged insider trading in the scrip of Adani Green Energy Limited by Vinod Bahety and Others

      12 Dec 2025
      Read on SEBI
    • Order

      Order in the matter of alleged insider trading in the scrip of Adani Green Energy Limited by Pranav Adani and Others

      12 Dec 2025
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 21 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Adani Green Energy: common questions

    Answered from the figures on this page.

    Adani Green Energy last traded at ₹1,250.00 (NSE, as of 26 Oct 2026). The last session moved it up 5.48%.

    Adani Green Energy is valued at about ₹2.06 lakh crore (NSE, as of 26 Oct 2026).

    Adani Green Energy trades at a price-to-earnings ratio of 113.64 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Adani Green Energy has traded between ₹765.00 and ₹1,631.50 over the past 52 weeks, to 26 Oct 2026. It is currently 56% of the way up that range.

    Adani Green Energy (ADANIGREEN) is classified under Energy on this site's screener.