Adani Green Energy

NSE: ADANIGREENBSE: 541450
Compare with peers
₹ 1,269.00▼ 20 (−1.55%)28 Oct, 03:28 pm IST
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 day
    Strong 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.

    Filing
  • 21 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −2.8% that day
    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.

    Filing
  • 10 Oct 2026UpdatesHigh impactPositivePrice +1.5% on 12 Oct
    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.

    Filing

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
AA
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE AA / CARE A1+Stable3 Sep 2026
CRISILCrisil AAStable14 May 2026
India RatingsIND AA; IND A1+Stable15 Sep 2025
Credit rating actions
RatingDetails
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 2026Financial ResultsTo consider and approve the financial results for the period ended September 30, 2026
22 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
24 Apr 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
23 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
28 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
28 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change +2.75%
1 of 3 filing days came with a big price moveBiggest +5.5% on 26 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales2,3112,5272,7943,0052,3403,0733,8003,0082,6183,5024,4314,258
Expenses645693415788460671758405377620446461
Operating Profit1,6661,8342,3792,2171,8802,4023,0422,6032,2412,8823,9853,797
OPM %72%73%85%74%80%78%80%87%86%82%90%89%
Other Income26423427129428039189158208117230262
Interest1,2421,2241,4261,4481,2511,3681,5251,6351,6981,6262,0012,119
Depreciation4814975966216186637678348868851,0261,084
Profit before tax207347628442291410939292−1354881,188856
Tax %33%24%28%6%−37%29%25%−81%−27%11%22%22%
Net Profit2563106295154743838246445514983747
EPS in Rs1.620.952.821.743.111.454.393.54−0.252.415.134.09

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
85%
5 Years
33%
3 Years
18%
TTM
21%
Compounded Profit Growth
10 Years
70%
5 Years
44%
3 Years
17%
TTM
−11%
Stock Price CAGR
10 Years
—
5 Years
0%
3 Years
12%
TTM
—
Return on Equity
10 Years
12%
5 Years
15%
3 Years
13%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
62.43%
−0.01 pts in a year
FIIs
11.33%
+0.04 pts in a year
DIIs
5.3%
+2.32 pts in a year
Public
20.94%
−2.36 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 107xEPS (12 months) ₹ 11.86Median P/E 211.7x
P/E (times)EPS (₹)

Prices are delayed and for information only. Nothing on this page is investment advice.