Adani Green Energy Future Growth
Future criteria checks 6/6
Adani Green Energy is forecast to grow earnings and revenue by 42.7% and 25.9% per annum respectively. EPS is expected to grow by 31.9% per annum. Return on equity is forecast to be 25.4% in 3 years.
Key information
42.7%
Earnings growth rate
31.94%
EPS growth rate
| Renewable Energy earnings growth | 17.3% |
| Revenue growth rate | 25.9% |
| Future return on equity | 25.45% |
| Analyst coverage | Good |
| Last updated | 11 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jul 14
ADANIGREEN: Future Returns Will Depend On Executing Massive Khavda Storage Project
Adani Green Energy's analyst price target has been revised from ₹864 to ₹1,000, with analysts pointing to updated assumptions around revenue growth, profit margins, discount rate and future P/E as the key drivers of this change. What’s in the News for Adani Green Energy Upcoming board meeting scheduled for October 21, 2026, to consider Adani Green Energy’s second quarter results for FY 2026-27.
Narrative Update • Jun 30
ADANIGREEN: Battery Storage Rollout Will Support Future Earnings Visibility
The analyst price target for Adani Green Energy has moved from ₹1,570 to ₹1,730, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E multiples as key drivers behind the revision. What's in the News Adani Green Energy has commissioned a 3.37 GWh Battery Energy Storage System at Khavda, Gujarat, described as the world’s largest single location battery storage deployment outside China, supporting grid reliability and round the clock renewable power supply.
Narrative Update • Jun 16
ADANIGREEN: Khavda Storage Build Out Will Shape Measured Future Opportunity
Analysts have raised their price target for Adani Green Energy from ₹1,220.50 to ₹1,409.25, citing updated assumptions around revenue growth, profit margins and a lower expected future P/E multiple. What's in the News Adani Green Energy commissioned a cumulative 3.37 GWh Battery Energy Storage System (BESS) at Khavda, Gujarat, described as the world’s largest single location battery storage deployment outside China and one of the fastest executed globally.Narrative Update • Jun 01
ADANIGREEN: Joint Venture And Governance Moves Will Support Future Earnings Visibility
Analysts have kept the price target for Adani Green Energy unchanged at ₹1,570, citing relatively steady assumptions around revenue growth, profit margins, and future P/E expectations as the main factors behind this stance. What's in the News Adani Green Energy has scheduled a board meeting on April 24, 2026, to consider fourth quarter FY 2025-26 results, board level appointments and reappointments, changes in senior management, and matters related to joint statutory auditors.Narrative Update • May 07
ADANIGREEN: Future Earnings Visibility Will Improve Through New Renewable Joint Venture
Analysts have lifted their fair value estimate for Adani Green Energy from ₹1,350 to ₹1,570, citing updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Board meeting on April 24, 2026 approved the appointment of Shah Dhandharia & Co. LLP as one of the joint statutory auditors, with a proposed term running from the 11th to the 16th Annual General Meeting, subject to shareholder approval (company filing).Analysis Article • Apr 27
Adani Green Energy Limited Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
The analysts might have been a bit too bullish on Adani Green Energy Limited ( NSE:ADANIGREEN ), given that the company...Narrative Update • Apr 21
ADANIGREEN: Future Earnings Visibility Will Strengthen Through New Renewable Joint Venture
Analysts have set a lower price target for Adani Green Energy at ₹1,350, down from ₹1,522. This reflects revised assumptions around revenue growth, profit margins, the discount rate, and future P/E expectations.Narrative Update • Apr 07
ADANIGREEN: Steady Fair Value Will Reflect Higher Growth And Softer Margins
Analysts have kept their price target on Adani Green Energy steady at ₹864, citing offsetting adjustments to revenue growth assumptions, profit margin expectations, and future P/E inputs that together leave their overall valuation view unchanged. What's in the News Board meeting scheduled on Apr 24, 2026 to consider and approve the fourth quarter financial results for FY 2025-26 (Key Developments).Narrative Update • Mar 24
ADANIGREEN: Tweaked Profit Assumptions And Higher Future P/E Signal Balanced Outlook
Analysts have maintained Adani Green Energy's fair value estimate at ₹864.00, with their price target update reflecting tweaks to discount rate assumptions, revenue growth expectations, profit margin outlook, and a higher future P/E input in their valuation models. Valuation Changes Fair Value: Held steady at ₹864.00 per share, with no change in the central valuation output.Narrative Update • Mar 08
ADANIGREEN: Assam Storage Build Out Will Support Future Upside
Analysts have kept their fair value estimate for Adani Green Energy steady at ₹1,220.50 per share, with only very slight tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. Taken together, these changes leave their overall price target effectively unchanged.Narrative Update • Feb 21
ADANIGREEN: Assam Storage Build Out Will Support Long-Term Upside
Analysts have trimmed their price target on Adani Green Energy from ₹1,263 to ₹1,220.5, citing updated assumptions around discount rate, revenue growth, profit margins and future P/E that modestly adjust their valuation framework. What's in the News TotalEnergies is preparing to sell up to a 6% stake in Adani Green Energy, potentially offering the stake to Adani Green Energy itself, after initially acquiring around a 20% minority interest in 2021 along with 50% of its operating solar portfolio (Key Developments).Narrative Update • Feb 07
ADANIGREEN: Stake Sale And Storage Investments Will Eventually Highlight Overvaluation Risk
The analyst price target for Adani Green Energy has been revised to ₹864 from ₹825.89, as analysts update their assumptions on the discount rate, revenue growth, profit margin and future P/E for the company. What's in the News TotalEnergies is reportedly preparing to sell up to a 6% stake in Adani Green Energy, out of its roughly 19% holding.Analysis Article • Jan 28
Earnings Miss: Adani Green Energy Limited Missed EPS And Analysts Are Revising Their Forecasts
Last week, you might have seen that Adani Green Energy Limited ( NSE:ADANIGREEN ) released its third-quarter result to...Narrative Update • Jan 24
ADANIGREEN: Assam Storage Build Out Will Support Long-Term Upside
Analysts have kept their fair value estimate for Adani Green Energy broadly steady at ₹1,263, citing updated views on discount rates, revenue growth, profit margins and future P/E that largely offset one another in their price target work. What's in the News TotalEnergies is preparing to sell up to a 6% stake in Adani Green Energy, with its current holding of almost 19% acquired in 2021 for about $2.5b and now valued at nearly $8b, and is said to be exploring a broader sale of renewable assets in Asia to reduce debt (Key Developments).Narrative Update • Jan 09
ADANIGREEN: Assam Storage Projects And Energy Platform Will Drive Long-Term Upside
Analysts have nudged their price target for Adani Green Energy higher to ₹1,263 from ₹1,242.71, citing updated assumptions around revenue growth, profit margins, as well as a slightly adjusted discount rate and future P/E multiple. What's in the News Adani Green Energy has called a special shareholders meeting for January 2, 2026, to vote on the reappointment of independent director Dinesh Kanabar for a second 3 year term and to seek approval for a material related party transaction with Jash Energy Private Limited.Analysis Article • Jan 08
Slowing Rates Of Return At Adani Green Energy (NSE:ADANIGREEN) Leave Little Room For Excitement
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Dec 26
ADANIGREEN: Future Debt Reduction Efforts Will Likely Expose Overvaluation Risk
Analysts have modestly raised their price target on Adani Green Energy to ₹825.89, reflecting slightly higher expectations for revenue growth and profit margin despite a marginal uptick in the assumed discount rate and a small compression in future P E multiples. What's in the News TotalEnergies is reportedly exploring the sale of up to a 6 percent stake in Adani Green Energy, potentially raising about INR 102,000 million, as part of broader efforts to reduce its debt burden (M&A Rumors and Discussions).Analysis Article • Dec 18
These 4 Measures Indicate That Adani Green Energy (NSE:ADANIGREEN) Is Using Debt Extensively
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Dec 12
ADANIGREEN: Future Multiple Expansion Will Likely Outpace Slowing Profit Margins
Analysts have raised their price target for Adani Green Energy from ₹792.00 to approximately ₹825.89, citing expectations of stronger revenue growth despite lower projected profit margins and a higher future price to earnings multiple. What's in the News TotalEnergies is reportedly preparing to sell up to a 6 percent stake in Adani Green Energy, potentially raising about INR 102,000 million from the divestment at current market value (M&A rumors and discussions).Analysis Article • Nov 05
Adani Green Energy's (NSE:ADANIGREEN) Promising Earnings May Rest On Soft Foundations
Unsurprisingly, Adani Green Energy Limited's ( NSE:ADANIGREEN ) stock price was strong on the back of its healthy...Analysis Article • Oct 31
Adani Green Energy Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Adani Green Energy Limited ( NSE:ADANIGREEN ) just released its latest interim report and things are not looking great...Analysis Article • Sep 29
Adani Green Energy (NSE:ADANIGREEN) Is Reinvesting At Lower Rates Of Return
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Narrative Update • Sep 04
Accelerated Capacity Additions Will Unlock 50GW Renewable Potential In India
With both the consensus price target and key metrics like Future P/E and Net Profit Margin essentially unchanged, analysts’ fair value for Adani Green Energy remains steady at ₹1243. What's in the News Adani Green Energy and Torrent Power are likely to bid for Statkraft’s hydro power assets in India, which Statkraft is selling as part of its $1.5 billion exit from the country.
New Narrative • Nov 07
Unleashing Renewable Power Transforming Energy Landscape With Strategic Partnerships
Construction of the world's largest renewable plant and strategic power agreements boost Adani Green's revenue stability and operational growth.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 299,837 | 88,849 | -97,512 | 252,588 | 3 |
| 3/31/2028 | 235,141 | 51,692 | -8,591 | 199,960 | 8 |
| 3/31/2027 | 183,780 | 33,393 | -165,901 | 139,691 | 7 |
| 3/31/2026 | 129,930 | 15,790 | -159,620 | 101,350 | N/A |
| 12/31/2025 | 126,380 | 13,680 | N/A | N/A | N/A |
| 9/30/2025 | 123,600 | 19,010 | -183,470 | 82,150 | N/A |
| 6/30/2025 | 123,570 | 15,940 | N/A | N/A | N/A |
| 3/31/2025 | 113,760 | 13,270 | -158,190 | 89,570 | N/A |
| 12/31/2024 | 108,050 | 12,470 | N/A | N/A | N/A |
| 9/30/2024 | 107,510 | 10,110 | -142,310 | 82,530 | N/A |
| 6/30/2024 | 99,160 | 11,070 | N/A | N/A | N/A |
| 3/31/2024 | 92,440 | 9,830 | -80,600 | 77,130 | N/A |
| 12/31/2023 | 93,110 | 13,410 | N/A | N/A | N/A |
| 9/30/2023 | 89,710 | 11,880 | 26,770 | 80,180 | N/A |
| 6/30/2023 | 83,480 | 9,650 | N/A | N/A | N/A |
| 3/31/2023 | 77,910 | 8,570 | 38,890 | 72,650 | N/A |
| 12/31/2022 | 66,650 | 4,770 | N/A | N/A | N/A |
| 9/30/2022 | 60,920 | 4,230 | -47,450 | 44,010 | N/A |
| 6/30/2022 | 58,010 | 3,740 | N/A | N/A | N/A |
| 3/31/2022 | 51,430 | 3,790 | -117,320 | 31,270 | N/A |
| 12/31/2021 | 46,620 | 3,670 | N/A | N/A | N/A |
| 9/30/2021 | 40,100 | 3,610 | -82,550 | 29,510 | N/A |
| 6/30/2021 | 33,280 | 2,810 | N/A | N/A | N/A |
| 3/31/2021 | 31,290 | 1,070 | -45,420 | 16,010 | N/A |
| 12/31/2020 | 28,360 | 1,124 | N/A | N/A | N/A |
| 9/30/2020 | 25,913 | -552 | -22,495 | 16,190 | N/A |
| 6/30/2020 | 26,676 | 262 | N/A | N/A | N/A |
| 3/31/2020 | 25,500 | -1,150 | -14,340 | 19,650 | N/A |
| 12/31/2019 | 25,529 | -2,975 | N/A | N/A | N/A |
| 9/30/2019 | 25,052 | -2,915 | N/A | 10,678 | N/A |
| 6/30/2019 | 22,657 | -5,797 | N/A | N/A | N/A |
| 3/31/2019 | 20,770 | -5,579 | N/A | 16,246 | N/A |
| 12/31/2018 | 11,704 | -3,502 | N/A | N/A | N/A |
| 9/30/2018 | 14,312 | -2,821 | N/A | N/A | N/A |
| 6/30/2018 | 11,502 | -1,221 | N/A | N/A | N/A |
| 3/31/2018 | 14,803 | -1,375 | N/A | 6,487 | N/A |
| 3/31/2017 | 5,016 | -467 | N/A | 278 | N/A |
| 3/31/2016 | 0 | -8 | N/A | 1 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADANIGREEN's forecast earnings growth (42.7% per year) is above the savings rate (6.9%).
Earnings vs Market: ADANIGREEN's earnings (42.7% per year) are forecast to grow faster than the Indian market (16.3% per year).
High Growth Earnings: ADANIGREEN's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ADANIGREEN's revenue (25.9% per year) is forecast to grow faster than the Indian market (11.1% per year).
High Growth Revenue: ADANIGREEN's revenue (25.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADANIGREEN's Return on Equity is forecast to be high in 3 years time (25.4%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/16 17:11 |
| End of Day Share Price | 2026/07/16 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Adani Green Energy Limited is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nikhil Nigania | Bernstein |
| null null | Cantor Fitzgerald & Co. |
| Brett Knoblauch | Cantor Fitzgerald & Co. |