Adani Green Energy

    ADANIGREEN
    Energy
    ₹1281.30
    price as of 11/9/2026, 5:27:54 pm

    Market cap ₹2.11 L Cr

    P/E
    123.32
    Day range
    ₹1,273.20 – ₹1,302.40
    52-week range
    ₹765.00 – ₹1,631.50
    Volume
    9.97 L
    Open
    ₹1,292.60
    Prev close
    ₹1,299.10
    Promoters pledged 1.6% of their shares
    52-week range, adjusted for splits and bonuses
    ₹765₹1,631.5
    23 Jan 202614 Jul 2026
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500NIFTY ENERGYF&O lot 600

    Price history

    6M change +50.80%RSI (14) 43.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 37.4% today vs 30.5% average · BSE close ₹1,282

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹750₹1,000₹1,250₹1,500₹1,7500%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹1,288.5
    Change
    -0.95%
    Basis over spot
    +₹7.14
    Futures OI (shares)
    2.47 Cr
    OI change
    -0.14%
    Put-call ratio
    0.73
    Max pain
    ₹1,320
    Resistance (call OI)
    ₹1,400
    Support (put OI)
    ₹1,300
    Lot size
    600

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    100010601100114011801220126013001340138014201460150015401600180003.0 L6.0 L9.0 L12.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    136.3
    EPS (TTM)
    ₹10.95
    Price / Book
    10.85
    ROE (FY26)
    12.4%
    ROCE (latest year)
    7%
    Dividend yield
    0.00%
    Net margin (TTM)
    13.2%
    Current ratio
    0.57
    Debt / Equity
    4.55
    Revenue growth (5y)
    32.9%
    EPS growth (5y)
    52.1%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹1,287.54Price below₹1,292.53Price below₹1,307.45Price below₹1,402.62Price below₹1,392.73Price below₹1,176.46Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +18.4%
    Profit 3Y CAGR
    +26.9%
    Revenue YoY (Jun 2026)
    +16.6%
    Profit YoY (Jun 2026)
    +19.3%
    Operating margin
    90.0%
    Net margin
    22.2%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr1.5K Cr3.0K Cr4.5K Cr6.0K Cr0%25%50%75%100%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • 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 2026-30.0KCr-15.0KCr0 Cr15.0K Cr30.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-30%-15%0%15%30%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr30.0K Cr60.0K Cr90.0K Cr1.2L Cr0.0x6.0x12.0x18.0x24.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales2,2202,3112,5272,7943,0052,3403,0733,8003,0082,6183,5024,431
    Expenses521645693415788460671758405377620446
    Operating Profit1,6991,6661,8342,3792,2171,8802,4023,0422,6032,2412,8823,985
    OPM %77%72%73%85%74%80%78%80%87%86%82%90%
    Other Income35326423427129428039189158208117230
    Interest1,1651,2421,2241,4261,4481,2511,3681,5251,6351,6981,6262,001
    Depreciation4744814975966216186637678348868851,026
    Profit before tax413207347628442291410939292-1354881,188
    Tax %29%33%24%28%6%-37%29%25%-81%-27%11%22%
    Net Profit3712563106295154743838246445514983
    EPS in Rs₹2.35₹1.62₹0.95₹2.82₹1.74₹3.11₹1.45₹4.39₹3.54₹-0.25₹2.41₹5.13

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    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 10.6 times its book value
    • Though the company is reporting repeated profits, it is not paying out dividend
    • Company has low interest coverage ratio.
    • Tax rate seems low
    • 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
    +11%

    Compounded Profit Growth

    10 Years
    +70%
    5 Years
    +44%
    3 Years
    +17%
    TTM
    +4%

    Stock Price CAGR

    10 Years
    —
    5 Years
    +1%
    3 Years
    +8%
    1 Year
    +31%

    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
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter62.44%62.44%62.44%62.43%-0.01 pp
    FII11.29%11.42%11.10%11.84%+0.74 pp
    DII2.98%4.31%4.56%4.82%+0.26 pp
    Public23.30%21.84%21.92%20.90%-1.02 pp

    Filed with NSE for Jun 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/E123.3 vs 26.3
    Sector P/B2.93
    Beta2.11

    Who holds the shares, quarter by quarter

    Mutual funds 3.49% (+0.27 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters62.4%
    • Foreign institutions11.8%
    • Mutual funds3.5%
    • Insurance1.3%
    • Other domestic institutions0.0%
    • Retail2.4%
    • Others18.5%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Quant Small Cap Fund0.41%2.49%-0.83 pp
    Kotak Arbitrage Fund0.31%0.89%+0.26 pp
    Quant ELSS Tax Saver Fund0.27%4.43%-0.81 pp
    HDFC Focused Fund0.27%2.11%+2.11 pp
    SBI Arbitrage Fund0.21%0.96%-0.06 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.

    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

    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.

    Company announcements

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

    Intimation of interaction with Investors/ Analysts

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    Scrutinizers' Report for EGM held on September 03, 2026

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of EGM

    Voting Results and Scrutinizers' Report for the EGM held on September 03, 2026

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of EGM

    Proceedings of Extra Ordinary General Meeting of the Company held on September 03, 2026.

    Company Update
    Operationalisation Of Project

    Operationalisation of Project

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

    Intimation of interactions with investors / analysts

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement - Notice of Extra Ordinary General Meeting

    Company Update
    Further Update On US Matter - CRIMINAL Matter

    Further update on US Matter - CRIMINAL Matter

    Company Update
    Further Update On US Matter - CIVIL Matter

    Further update on US Matter - CIVIL Matter

    AGM/EGMPrice-sensitive
    Notice Of EGM

    Notice of the Extra Ordinary General Meeting scheduled to held on September 03, 2026.

    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 Pranav Vinod Adani & Othrs

    Company Update
    Intimation Of ESG Rating

    Intimation of ESG Rating

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

    Intimation of meeting 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 Pranav Adani 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 Vinod Bahety 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 23 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.