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ADAN

Adani Green EnergyNSEI:ADANIGREEN Stock Report

Market Cap

₹2.1t

7D

2.0%

1Y

20.8%

Updated

28 Nov, 2021

Data

Company Financials
ADANIGREEN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

ADANIGREEN Stock Overview

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

Adani Green Energy Competitors

ReNew Energy Global

NasdaqGS:RNW

US$3.2b

Azure Power Global

NYSE:AZRE

US$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Adani Green Energy
Historical stock prices
Current Share Price₹1,372.55
52 Week High₹1,429.00
52 Week Low₹874.80
Beta1.31
1 Month Change19.06%
3 Month Change29.44%
1 Year Change20.78%
3 Year Change2,835.94%
5 Year Changen/a
Change since IPO4,257.30%

Recent News & Updates

Nov 04
Is Adani Green Energy (NSE:ADANIGREEN) A Risky Investment?

Is Adani Green Energy (NSE:ADANIGREEN) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Sep 28
Returns At Adani Green Energy (NSE:ADANIGREEN) Appear To Be Weighed Down

Returns At Adani Green Energy (NSE:ADANIGREEN) Appear To Be Weighed Down

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Aug 07
If You Like EPS Growth Then Check Out Adani Green Energy (NSE:ADANIGREEN) Before It's Too Late

If You Like EPS Growth Then Check Out Adani Green Energy (NSE:ADANIGREEN) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

ADANIGREENIN Renewable EnergyIN Market
7D2.0%-2.7%-3.3%
1Y20.8%80.6%43.0%

Return vs Industry: ADANIGREEN underperformed the Indian Renewable Energy industry which returned 80.6% over the past year.

Return vs Market: ADANIGREEN underperformed the Indian Market which returned 43% over the past year.

Price Volatility

Is ADANIGREEN's price volatile compared to industry and market?
ADANIGREEN volatility
ADANIGREEN Average Weekly Movement4.6%
Renewable Energy Industry Average Movement7.6%
Market Average Movement6.1%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.8%

Stable Share Price: ADANIGREEN is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ADANIGREEN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015795Vneet Jaainhttps://www.adanigreenenergy.com

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 3,023 megawatts (MW); and wind power plants with an operational capacity of 497 MW.

Adani Green Energy Fundamentals Summary

How do Adani Green Energy's earnings and revenue compare to its market cap?
ADANIGREEN fundamental statistics
Market Cap₹2.15t
Earnings (TTM)₹3.61b
Revenue (TTM)₹40.10b

594.7x

P/E Ratio

53.5x

P/S Ratio

Is ADANIGREEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADANIGREEN income statement (TTM)
Revenue₹40.10b
Cost of Revenue₹10.81b
Gross Profit₹29.29b
Expenses₹25.68b
Earnings₹3.61b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 02, 2022

Earnings per share (EPS)2.31
Gross Margin73.04%
Net Profit Margin9.00%
Debt/Equity Ratio1,737.1%

How did ADANIGREEN perform over the long term?

See historical performance and comparison

Valuation

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

594.65x

Price to Earnings (PE) 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 poor value based on its PE Ratio (594.7x) compared to the Indian Renewable Energy industry average (22.4x).

PE vs Market: ADANIGREEN is poor value based on its PE Ratio (594.7x) compared to the Indian market (18.9x).


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 (86.8x) compared to the IN Renewable Energy industry average (1x).


Future Growth

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

21.4%

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.


Past Performance

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

51.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADANIGREEN has a high level of non-cash earnings.

Growing Profit Margin: ADANIGREEN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ADANIGREEN has become profitable over the past 5 years, growing earnings by 51.4% per year.

Accelerating Growth: ADANIGREEN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ADANIGREEN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (28.8%).


Return on Equity

High ROE: ADANIGREEN's Return on Equity (18.6%) is considered low.


Financial Health

How is Adani Green Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ADANIGREEN's short term assets (₹72.9B) do not cover its short term liabilities (₹103.7B).

Long Term Liabilities: ADANIGREEN's short term assets (₹72.9B) do not cover its long term liabilities (₹384.0B).


Debt to Equity History and Analysis

Debt Level: ADANIGREEN's net debt to equity ratio (1588.6%) is considered high.

Reducing Debt: ADANIGREEN's debt to equity ratio has increased from 324.5% to 1737.1% over the past 5 years.

Debt Coverage: ADANIGREEN's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: ADANIGREEN's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


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?

1.3yrs

Average management tenure


CEO

Vneet Jaain (50 yo)

1.33yrs

Tenure

₹65,078,000

Compensation

Mr. Vneet S. Jaain, BE - Mechanical, has been Managing Director, Chief Executive Officer and Director at Adani Green Energy Ltd. since July 10, 2020. He serves as Managing Director and Chief Executive Offi...


CEO Compensation Analysis

Compensation vs Market: Vneet's total compensation ($USD867.11K) is about average for companies of similar size in the Indian market ($USD1.13M).

Compensation vs Earnings: Insufficient data to compare Vneet's compensation with company performance.


Leadership Team

Experienced Management: ADANIGREEN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ADANIGREEN's board of directors are not considered experienced ( 1.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Adani Green Energy Limited's 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: ₹2.147t
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 12:04
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.