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. More Details


Snowflake Analysis

Questionable track record with weak fundamentals.


Similar Companies

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

4.4%

ADANIGREEN

-4.4%

IN Renewable Energy

-4.3%

IN Market


1 Year Return

1,067.6%

ADANIGREEN

22.4%

IN Renewable Energy

-1.6%

IN Market

Return vs Industry: ADANIGREEN exceeded the Indian Renewable Energy industry which returned 22.4% over the past year.

Return vs Market: ADANIGREEN exceeded the Indian Market which returned -1.6% over the past year.


Shareholder returns

ADANIGREENIndustryMarket
7 Day4.4%-4.4%-4.3%
30 Day47.1%2.9%-4.6%
90 Day89.5%16.3%7.5%
1 Year1,067.6%1,067.6%26.8%22.4%0.2%-1.6%
3 Yearn/a-30.7%-37.8%1.9%-3.0%
5 Yearn/a-6.1%-19.4%38.6%28.4%

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?

5489.81x

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 (5489.8x) compared to the IN Renewable Energy industry average (7.4x).

PE vs Market: ADANIGREEN is poor value based on its PE Ratio (5489.8x) compared to the Indian market (16x).


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 (45.1x) compared to the IN Renewable Energy industry average (0.5x).


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?

24.4%

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.


Next Steps

Past Performance

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

-22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADANIGREEN has a large one-off loss of ₹1.5B impacting its June 30 2020 financial results.

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 -22.5% 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 (-9.7%).


Return on Equity

High ROE: ADANIGREEN's Return on Equity (2.2%) is considered low.


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.

Debt Coverage: ADANIGREEN's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: ADANIGREEN's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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?

1.9yrs

Average board tenure


CEO

Vneet Jaain (49 yo)

0.17

Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Sagar Adani
Executive Director1.92yrs₹10.00mno data
Vneet Jaain
MD, CEO & Director0.17yrno datano data
Gautambhai Adani
Non-Independent & Non-Executive Chairmanno datano datano data
Rajeshbhai Adani
Non-Independent & Non-Executive Director5.67yrsno data0.013%
₹ 129.6m
Sandeepbhai Singhi
Independent Non-Executive Director1.92yrs₹557.00kno data
Poornima Advani
Additional Non-Executive Independent Director1.08yrs₹275.00kno data
Raaj Sah
Independent Non-Executive Director2.33yrsno datano data
Raminder Gujral
Independent & Non-Executive Director0.17yrno datano data

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: ADANIGREEN's board of directors are not considered experienced ( 1.9 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: ₹1.013t
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 13:00
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
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.