Adani Green Energy
- Market cap
- ₹ 1,95,190 Cr.
- P/E
- 107x
- P/B
- 10.31x
- 52-week range
- 765 – 1,631.5
- ROE
- 11%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 5.08
- Sector
- Power
- Industry
- Power Generation
- Listed on
- NSE, BSE
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Power Generation: 36 companies →Adani Green Energy against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)107 against a typical 35.5: pricier than most peers (1st = cheapest).27th of 36
- Sales growth+41.6% against a typical +6.5% from a year earlier.9th of 30
- Profit growth+16% against a typical −1.3% from a year earlier.9th of 25
- Share price, 3 months−7.6% against a typical −11.9%.11th of 34
- Size₹ 1,95,190.4 Cr. market value against a typical ₹ 2,247.1 Cr. (1st = largest).2nd of 33
Latest announcements
Exchange filings and their impact on the company.
- 26 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice +5.5% that dayStrong H1 with 36% revenue and 41% EBITDA growth, 20.8 GW operating and 6.6 GWh storage keep 4.5-5 GW and 10+ GWh FY targets intact despite transmission delays.
Adani Green held its Q2/H1 FY27 earnings call after crossing 20.8 GW operating capacity. H1 energy sales rose 32% to 25.7 billion units, revenue from power supply rose 36% to Rs 8,299 crore and EBITDA rose 41% to Rs 7,957 crore at 93% margin; Q2 revenue rose 45% to Rs 4,019 crore. Management said 6.6 GWh of battery storage is commissioned at Khavda, targeting over 10 GWh this year and 4.5-5 GW of renewable commissioning, while Khavda Phase-3 transmission is now expected next quarter and batteries are being used to cut curtailment losses.
- H1 revenue +36% and EBITDA +41% on 24% capacity growth to 20.8 GW with US legal overhang fully cleared.
Adani Green reported Q2FY27 revenue from power supply of Rs 4,019 crore, up 45% YoY, and EBITDA of Rs 3,835 crore, up 51% YoY. H1 energy sales grew 32% to 25.8 billion units on operational capacity of 20.8 GW, up 24% YoY, with battery storage at 6.63 GWh. The company also confirmed US SEC and DOJ proceedings against directors were concluded/dismissed in August 2026 with no financial adjustment, supporting continued large capex of Rs 17,160 crore in H1.
- H1 FY27 output jumped 32% on 24% more capacity to 20.8 GW, locking in strong revenue growth.
Adani Green Energy reported a provisional H1 FY27 operational update with capacity up 24% YoY to 20,763 MW after adding 4,083 MW of solar, wind and hybrid plants, and energy sales up 32% YoY to 25,747 million units. It also commissioned 3,081 MWh of battery storage in Khavda, taking total storage to 6,632 MWh, with strong plant availability above 94% and CUFs of 22.9% solar, 42.9% wind and 45.2% hybrid. The update confirms continued rapid scale-up toward 50 GW by 2030, supporting strong revenue growth over the next year while debt and capex remain elevated.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by 3 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA / CARE A1+ | Stable | 3 Sep 2026 |
| CRISIL | Crisil AA | Stable | 14 May 2026 |
| India Ratings | IND AA; IND A1+ | Stable | 15 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Sep 2026 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 19,730 Cr. | |
| 14 May 2026 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 13,530 Cr. | |
| 28 Oct 2025 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 13,530 Cr. | |
| 15 Sep 2025 | New rating | Crisil AA | — | CRISIL | ₹ 13,530 Cr. | |
| 15 Sep 2025 | Rating action | IND AA | — | India Ratings | ₹ 13,530 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 22 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 24 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 23 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,311 | 2,527 | 2,794 | 3,005 | 2,340 | 3,073 | 3,800 | 3,008 | 2,618 | 3,502 | 4,431 | 4,258 |
| Expenses | 645 | 693 | 415 | 788 | 460 | 671 | 758 | 405 | 377 | 620 | 446 | 461 |
| Operating Profit | 1,666 | 1,834 | 2,379 | 2,217 | 1,880 | 2,402 | 3,042 | 2,603 | 2,241 | 2,882 | 3,985 | 3,797 |
| OPM % | 72% | 73% | 85% | 74% | 80% | 78% | 80% | 87% | 86% | 82% | 90% | 89% |
| Other Income | 264 | 234 | 271 | 294 | 280 | 39 | 189 | 158 | 208 | 117 | 230 | 262 |
| Interest | 1,242 | 1,224 | 1,426 | 1,448 | 1,251 | 1,368 | 1,525 | 1,635 | 1,698 | 1,626 | 2,001 | 2,119 |
| Depreciation | 481 | 497 | 596 | 621 | 618 | 663 | 767 | 834 | 886 | 885 | 1,026 | 1,084 |
| Profit before tax | 207 | 347 | 628 | 442 | 291 | 410 | 939 | 292 | −135 | 488 | 1,188 | 856 |
| Tax % | 33% | 24% | 28% | 6% | −37% | 29% | 25% | −81% | −27% | 11% | 22% | 22% |
| Net Profit | 256 | 310 | 629 | 515 | 474 | 383 | 824 | 644 | 5 | 514 | 983 | 747 |
| EPS in Rs | 1.62 | 0.95 | 2.82 | 1.74 | 3.11 | 1.45 | 4.39 | 3.54 | −0.25 | 2.41 | 5.13 | 4.09 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 85%
- 5 Years
- 33%
- 3 Years
- 18%
- TTM
- 21%
- 10 Years
- 70%
- 5 Years
- 44%
- 3 Years
- 17%
- TTM
- −11%
- 10 Years
- —
- 5 Years
- 0%
- 3 Years
- 12%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 15%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Prices are delayed and for information only. Nothing on this page is investment advice.