NSEI:ADANIGREEN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Risks

  • Adani Green Energy is not covered by any analysts.

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


Market Performance


7 Day Return

11.4%

NSEI:ADANIGREEN

0.5%

IN Renewable Energy

1.5%

IN Market


1 Year Return

-9.0%

NSEI:ADANIGREEN

-10.5%

IN Renewable Energy

-11.2%

IN Market

ADANIGREEN outperformed the Renewable Energy industry which returned -10.5% over the past year.

ADANIGREEN outperformed the Market in India which returned -11.2% over the past year.


Share holder returns

ADANIGREENIndustryMarket
7 Day11.4%0.5%1.5%
30 Day7.3%5.5%1.1%
90 Day20.6%-2.0%-6.7%
1 Year-9.0%-9.0%-6.9%-10.5%-9.5%-11.2%
3 Yearn/a3.2%-6.3%19.7%13.7%
5 Yearn/a2.5%-9.6%34.6%21.9%

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 based on future cash flows and its price relative to the stock market?

4.07x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Adani Green Energy to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Adani Green Energy to establish if it is available at substantial discount.


Price Based on Earnings

Adani Green Energy is loss making, we can't compare its value to the IN Renewable Energy industry average.

Adani Green Energy is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Adani Green Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Adani Green Energy is overvalued based on assets compared to the IN Renewable Energy industry average.


Next Steps

Future Growth

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

13.2%

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?

-67.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Adani Green Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Adani Green Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Adani Green Energy's 1-year growth to the IN Renewable Energy industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Adani Green Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Adani Green Energy used its assets less efficiently than the IN Renewable Energy industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Adani Green Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Adani Green Energy's financial position?


Financial Position Analysis

Adani Green Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Adani Green Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Adani Green Energy's level of debt (576.7%) compared to net worth is high (greater than 40%).

Unable to establish if Adani Green Energy's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


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.

Adani Green Energy has less than a year of cash runway based on current free cash flow.

Adani Green Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 9% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Adani Green Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Adani Green Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Adani Green Energy has not reported any payouts.

Unable to verify if Adani Green Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Adani Green Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Adani Green Energy's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average board tenure


CEO

Jayant Parimal 0

1.3yrs

Tenure

₹36,882,000

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

Jayant's remuneration is higher than average for companies of similar size in India.

Insufficient data for Jayant to compare compensation growth.


Board Age and Tenure

0.9yrs

Average Tenure

56yo

Average Age

The average tenure for the Adani Green Energy board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹4,858,84927 Feb 19
Malay Mahadevia
EntityIndividual
Shares147,624
Max Price₹33.06

Ownership Breakdown


Management Team

  • Jayant Parimal

    Chief Executive Officer

    • Tenure: 1.3yrs
    • Compensation: ₹36.88m
  • Sagar Adani (25yo)

    Executive Director

    • Tenure: 0.9yrs
    • Compensation: ₹5.00m
  • Pragnesh Darji

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
  • Ashish Garg

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: ₹23.03m

Board Members

  • Gautam Adani (57yo)

    Chairman

    • Tenure: 0yrs
  • Rajeshbhai Adani (55yo)

    Director

    • Tenure: 0yrs
  • Sandeepbhai Singhi (53yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: ₹354.00k
  • Poornima Advani (58yo)

    Additional Non-Executive Independent Director

    • Tenure: 0.08yrs
  • Raaj Sah (67yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
  • Sagar Adani (25yo)

    Executive Director

    • Tenure: 0.9yrs
    • Compensation: ₹5.00m

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: ₹78.592b
  • Shares outstanding: 1.56b
  • Website: https://www.adanigreenenergy.com

Number of Employees


Location

  • Adani Green Energy Limited
  • Adani House
  • Near Mithakhali Six Roads
  • Ahmedabad
  • Gujarat
  • 380009
  • 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. It builds, owns, and operates power plants through  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 12:58
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.