NSEI:ADANIGREEN

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Executive Summary

Adani Green Energy Limited generates and supplies renewable energy to central and state government entities, and government backed corporations in India.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Adani Green Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADANIGREEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.5%

ADANIGREEN

-2.9%

IN Renewable Energy

1.3%

IN Market


1 Year Return

689.5%

ADANIGREEN

-5.2%

IN Renewable Energy

-8.7%

IN Market

Return vs Industry: ADANIGREEN exceeded the Indian Renewable Energy industry which returned -5.2% over the past year.

Return vs Market: ADANIGREEN exceeded the Indian Market which returned -8.7% over the past year.


Shareholder returns

ADANIGREENIndustryMarket
7 Day-5.5%-2.9%1.3%
30 Day32.2%10.0%6.6%
90 Day147.4%39.3%30.2%
1 Year689.5%689.5%-2.1%-5.2%-7.0%-8.7%
3 Yearn/a-25.8%-32.7%1.7%-3.0%
5 Yearn/a-8.4%-20.7%27.6%17.9%

Price Volatility Vs. Market

How volatile is Adani Green Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Adani Green Energy undervalued compared to its fair value and its price relative to the market?

24.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ADANIGREEN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ADANIGREEN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ADANIGREEN is unprofitable, so we can't compare its PE Ratio to the Renewable Energy industry average.

PE vs Market: ADANIGREEN is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ADANIGREEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ADANIGREEN is overvalued based on its PB Ratio (24.9x) compared to the IN Renewable Energy industry average (0.4x).


Next Steps

Future Growth

How is Adani Green Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Adani Green Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Adani Green Energy performed over the past 5 years?

-36.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADANIGREEN is currently unprofitable.

Growing Profit Margin: ADANIGREEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADANIGREEN is unprofitable, and losses have increased over the past 5 years at a rate of -36.6% per year.

Accelerating Growth: Unable to compare ADANIGREEN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ADANIGREEN is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (4%).


Return on Equity

High ROE: ADANIGREEN has a negative Return on Equity (-2.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is Adani Green Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ADANIGREEN's short term assets (₹25.8B) do not cover its short term liabilities (₹30.2B).

Long Term Liabilities: ADANIGREEN's short term assets (₹25.8B) do not cover its long term liabilities (₹131.0B).


Debt to Equity History and Analysis

Debt Level: ADANIGREEN's debt to equity ratio (627.1%) is considered high.

Reducing Debt: Insufficient data to determine if ADANIGREEN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ADANIGREEN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ADANIGREEN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.5% each year


Next Steps

Dividend

What is Adani Green Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ADANIGREEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADANIGREEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ADANIGREEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADANIGREEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ADANIGREEN's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average board tenure


CEO

Jayant Parimal

2.17yrs

Tenure

₹52,283,000

Compensation

Mr. Jayant Parimal, IAS, has been Chief Executive Officer at Adani Green Energy Limited since May 7, 2018. He serves as the Chief Executive Officer of Adani Green Energy Limited at Adani Enterprises Limite ...


CEO Compensation Analysis

Compensation vs Market: Jayant's total compensation ($USD700.50K) is below average for companies of similar size in the Indian market ($USD1.31M).

Compensation vs Earnings: Jayant's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Sagar Adani
Executive Director1.75yrs₹10.00mno data
Gautambhai Adani
Non-Independent & Non-Executive Chairmanno datano datano data
Rajeshbhai Adani
Non-Independent & Non-Executive Director5.5yrsno data0.013% 75.2m
Sandeepbhai Singhi
Independent Non-Executive Director1.75yrs₹557.00kno data
Poornima Advani
Additional Non-Executive Independent Director0.92yr₹275.00kno data
Raaj Sah
Independent Non-Executive Director2.17yrsno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: ADANIGREEN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Adani Green Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Adani Green Energy Limited
  • Ticker: ADANIGREEN
  • Exchange: NSEI
  • Founded: 2015
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: ₹587.757b
  • Shares outstanding: 1.56b
  • Website: https://www.adanigreenenergy.com

Number of Employees


Location

  • Adani Green Energy Limited
  • Adani Corporate House
  • Shantigram
  • Ahmedabad
  • Gujarat
  • 382421
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADANIGREENNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2018
541450BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2018

Biography

Adani Green Energy Limited generates and supplies renewable energy to central and state government entities, and government backed corporations in India. The company builds, owns, and operates power plants through renewable sources, such as solar, wind, and hybrid; and provides other ancillary services. It operates solar power plants with an operational capacity of 2,148 megawatts (MW); and wind power plants with an operational capacity of 397 MW. The company was incorporated in 2015 and is headquartered in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 12:37
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.