Adani Green Energy Limited (ADANIGREEN) AI Stock Analysis

• Market Cap: ₹1.55T
• Dividend Yield: N/A
• Average Volume (3M): 149.08K
• Price to Earnings (P/E): 91.4
• Beta (1Y): 1.98
• Revenue Growth: 24.27%
• EPS Growth: 38.33%
• Country: IN
• Employees: 1,597
• Sector: Energy
• Sector Strength: 63
• Industry: Renewable Utilities
• EPS (TTM): 4.50
• Shares Outstanding: 1,588,523,000
• 10 Day Avg. Volume: 107,247
• 30 Day Avg. Volume: 149,079
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,044.00
• Price Target Upside: 6.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 63 Neutral
• Price Target: ₹1,040.00 ▲(6.51% Upside)

Adani Green Energy Limited's strong financial performance is offset by high leverage and negative free cash flow, posing potential risks. The technical indicators suggest a neutral to bearish outlook, and the high P/E ratio indicates the stock is overvalued, limiting upside potential. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Revenue Growth

Adani Green Energy's strong revenue growth indicates a robust expansion trajectory, highlighting its ability to scale operations and capture market share in the renewable energy sector.

Profit Margins

High and consistent gross profit margins suggest effective cost management and operational efficiency, contributing to the company's long-term profitability and competitive positioning.

Cash Generation

Strong operating cash flow reflects Adani Green Energy's ability to convert income into cash, supporting ongoing operations and providing a buffer against financial uncertainties.

Negative Factors

High Leverage

The significant leverage indicated by a high debt-to-equity ratio poses a risk to financial stability, potentially impacting the company's ability to finance future growth without incurring additional debt.

Negative Free Cash Flow

Continuous negative free cash flow suggests potential liquidity challenges, as high capital investments may strain financial resources despite strong operating cash generation.

Margin Volatility

Volatility in EBIT margins indicates potential instability in operational efficiency, which could affect profitability and investor confidence if not managed effectively.

Adani Green Energy Limited Business Overview & Revenue Model

Company Description

Adani Green Energy Limited (ADANIGREEN) is a leading renewable energy company in India, focused on the development, construction, and operation of solar and wind energy projects. As a subsidiary of the Adani Group, it is committed to providing sustainable energy solutions and reducing carbon emissions. The company operates a diverse portfolio of renewable energy assets, aiming to contribute significantly to India's renewable energy capacity and the global transition to clean energy.

How the Company Makes Money

Adani Green Energy Limited makes money primarily through the generation and sale of electricity produced from its solar and wind power projects. The company enters into long-term Power Purchase Agreements (PPAs) with government entities and commercial and industrial customers, ensuring a stable and predictable revenue stream. Additionally, Adani Green Energy benefits from government incentives and policies promoting renewable energy, which can include subsidies, tax benefits, and favorable tariff structures. The company's strategic partnerships and collaborations also play a crucial role in expanding its project portfolio and enhancing its financial performance.

Adani Green Energy Limited Financial Statement Overview

Summary

Adani Green Energy Limited shows strong revenue growth and high gross profit margins, indicating effective cost management. However, the high debt-to-equity ratio and negative free cash flow due to significant capital expenditures present financial stability risks. The company must manage its leverage and liquidity carefully to sustain growth.

Income Statement

Adani Green Energy Limited demonstrates strong revenue growth, with revenues increasing from 25.5 billion in 2020 to 112.1 billion in 2025, highlighting a robust expansion trajectory. The gross profit margin remains consistently high, reaching approximately 87.1% in 2025, indicating strong cost management. The net profit margin improved significantly, rising from 8.3% in 2021 to 12.9% in 2025. However, EBIT margin has shown some volatility, decreasing from 83.3% in 2024 to 56.9% in 2025. Overall, the company shows strong growth and profitability but with some margin fluctuations.

Balance Sheet

The company's balance sheet reflects a high debt-to-equity ratio of 6.6 in 2025, indicating significant leverage. Despite this, return on equity improved from 16.1% in 2024 to 11.9% in 2025, suggesting better efficiency in generating profits from equity. The equity ratio is relatively low at 10.9%, suggesting a heavy reliance on debt financing. While the company is expanding its asset base, the high leverage poses a risk to financial stability.

Cash Flow

The cash flow statement indicates that the operating cash flow has been consistently positive, reaching 83.6 billion in 2025. However, the free cash flow remains negative due to high capital expenditures, recording -164.1 billion in 2025. The operating cash flow to net income ratio is strong, reflecting the company's ability to convert income into cash. Nevertheless, the continuous negative free cash flow due to capital investments suggests potential liquidity challenges, despite strong operating cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	113.27B	112.12B	92.20B	77.92B	51.33B	31.24B
Gross Profit	86.15B	97.72B	76.78B	57.57B	36.77B	24.04B
EBITDA	93.03B	97.61B	77.63B	54.47B	36.62B	22.58B
Net Income	14.44B	14.44B	11.00B	9.74B	4.89B	2.10B
Balance Sheet
Total Assets	1.11T	1.11T	885.38B	673.61B	591.67B	287.21B
Cash, Cash Equivalents and Short-Term Investments	56.17B	56.17B	41.44B	26.45B	14.83B	6.70B
Total Debt	800.40B	800.40B	648.58B	542.23B	528.32B	242.09B
Total Liabilities	888.25B	888.25B	710.90B	600.11B	565.53B	265.95B
Stockholders Equity	121.37B	121.37B	98.34B	73.04B	26.14B	22.00B
Cash Flow
Free Cash Flow	0.00	-164.12B	-80.60B	38.89B	-117.32B	-45.42B
Operating Cash Flow	0.00	83.64B	77.13B	72.65B	30.60B	16.01B
Investing Cash Flow	0.00	-198.27B	-210.60B	-38.57B	-192.81B	-91.37B
Financing Cash Flow	0.00	120.68B	139.53B	-29.73B	159.86B	70.83B

Adani Green Energy Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 976.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIGREEN, the sentiment is Positive. The current price of 976.45 is above the 20-day moving average (MA) of 943.35, above the 50-day MA of 974.71, and below the 200-day MA of 981.37, indicating a neutral trend. The MACD of -4.72 indicates Negative momentum. The RSI at 57.92 is Neutral, neither overbought nor oversold. The STOCH value of 76.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ADANIGREEN.

Adani Green Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JSWENERGY	67 Neutral	₹911.64B	41.64		0.38%	22.49%	6.11%
Sector *	65 Neutral	$15.27B	7.59	4.09%	5.23%	3.88%	-62.31%
SUZLON	64 Neutral	₹788.93B	37.55		―	66.67%	140.42%
ADANIGREEN	63 Neutral	₹1.55T	91.35		―	24.27%	38.33%
KPEL	―	₹27.86B	22.82		―	―	―
SWANENERGY	51 Neutral	₹148.23B	22.37		0.02%	-6.45%	57.81%
SWSOLAR	45 Neutral	₹63.08B	57.75		―	108.08%	―

Adani Green Energy Limited Corporate Events

Adani Green Energy Expands Renewable Capacity with New Projects

Adani Green Energy Limited has announced the operationalization of 87.5 MW of power projects in Khavda, Gujarat, through its subsidiaries. This development increases the company’s total operational renewable generation capacity to 16,078 MW, marking a significant step in its expansion strategy and reinforcing its position in the renewable energy sector.

Adani Green Energy Expands Renewable Capacity with New Project

Adani Green Energy Limited announced the commissioning of a new 50 MW solar-wind hybrid power project in Khavda, Gujarat, through its subsidiary Adani Renewable Energy Three Limited. This development increases the company’s total operational renewable generation capacity to 15,865.5 MW, reinforcing its position as a leading renewable energy provider and contributing to its growth strategy in the sector.

Adani Green Energy Boosts Renewable Capacity with New Projects

Adani Green Energy Limited has announced the operationalization of 1,011.5 MW of power projects in Khavda, Gujarat, through its various subsidiaries. This development increases the company’s total operational renewable energy capacity to 15,539.9 MW, marking a significant milestone in its expansion and enhancing its position in the renewable energy market.

Adani Green Energy Surpasses 15,000 MW Renewable Capacity, Leading India

Adani Green Energy Limited has achieved a significant milestone by surpassing 15,000 MW of installed renewable energy capacity, making it the largest in India. This achievement places AGEL among the top 10 global renewable energy independent power producers and highlights its commitment to rapid expansion, with plans to reach 50,000 MW by 2030. The company’s operations, including the world’s largest renewable energy plant under development in Khavda, Gujarat, are set to power approximately 7.9 million households and significantly offset carbon emissions, reinforcing its position as a leader in sustainable energy solutions.

Adani Green Energy Announces Trading Window Closure

Adani Green Energy Limited has announced the closure of its trading window from July 1, 2025, until 48 hours after the release of its financial results for the quarter ending June 30, 2025. This move is in compliance with SEBI regulations to prevent insider trading, ensuring transparency and fairness in the company’s financial disclosures.