Adani Green Energy Limited, established in 2015, is a pivotal holding company overseeing a diverse array of subsidiaries dedicated to renewable power generation. Focused on sustainable energy practices, the company significantly fosters green initiatives within the Adani Group. This introduction sets the stage for an in-depth exploration of Adani Green Energy Limited, where we will delve into its operations, contributions to renewable power, and various ancillary activities.
Join us as we unravel the intricate facets that define this influential player in the renewable energy landscape.
About Adani Green Energy
Adani Green Energy Limited, an integral part of the Adani Group, epitomizes India’s dynamic industrial landscape, contributing significantly to the conglomerate’s combined market capitalization of approximately USD 206 Billion as of April 2022. The company’s remarkable evolution is evident in its revenue diversification, with a notable shift from 94% reliance on traded goods in FY18 to a substantial 75% contribution from power supply in FY22.
Boasting an extensive project portfolio, AGEL stands tall with 5,410 MW operational projects and an ambitious 15,024 MW under construction as of FY22. The majority of its portfolio is backed by Power Purchase Agreements (PPAs) with esteemed entities like NTPC, SECI, and state DISCOMs. With 116 subsidiaries and a joint venture, AGEL’s multifaceted presence underscores its pivotal role in the renewable energy sector.
Adani Green Energy Q3FY24 Highlights
- Net Profit Surge: A remarkable 148.54% YoY increase in net profit, reaching ₹256 crore in Q3FY24, compared to ₹103 crore in the same period last year.
- Sequential Dip: Despite the annual surge, consolidated net profit saw a sequential drop of 31%.
- Revenue Growth: Consolidated revenue from operations soared by 40.30% YoY, reaching ₹1,765 crore in Q3, up from ₹1,258 crore in the corresponding quarter of the previous year.
- Energy Sales Boost: The sale of energy witnessed a substantial 59% YoY rise to 16,293 million units, attributed to robust capacity addition and improved capacity utilization factor (CUF).
- Capacity Expansion: Operational capacity grew by 16% YoY to 8,478 MW in Q3FY24, with a greenfield addition of 700 MW solar-wind hybrid, 304 MW wind, and 150 MW solar projects.
- EBITDA Growth: EBITDA surged by 40% YoY to ₹1,174 crore in Q3FY24, with the EBITDA margin from power supply increasing to 92.1%, highlighting AGEL’s operational efficiency.
- Technological Advancements: Solar-wind hybrid portfolio CUF improved by 750 basis points YoY to 41.5%, driven by advanced solar modules, horizontal single-axis trackers, and wind turbine generators.
- Strategic Partnerships: Completion of a Joint Venture with TotalEnergies for a 1,050 MW portfolio, raising USD 300 million. Promoters set to invest Rs. 9,350 crore in AGEL through share warrants.
- Debt Funding Expansion: Upscaling of debt funding pool under the Construction Financing Framework by USD 1.36 billion, reaching a total of USD 3 billion.
- Financial Resilience: Industry-leading EBITDA margin attributed to best-in-class operations and maintenance practices, enabling higher electricity generation at lower O&M costs.
Below are the trading platforms that you can use to purchase ADANIGREEN shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 1,881.00 | 1,635.65 |
| April 2024 | 1,826.21 | 1,588.01 |
| May 2024 | 1,799.23 | 1,564.54 |
| June 2024 | 1,864.00 | 1,620.87 |
| July 2024 | 1,845.36 | 1,604.66 |
| August 2024 | 1,919.17 | 1,668.84 |
| September 2024 | 1,995.94 | 1,735.60 |
| October 2024 | 1,956.80 | 1,701.57 |
| November 2024 | 2,035.07 | 1,769.63 |
| December 2024 | 2,055.43 | 1,787.33 |
In March 2024, Adani Green Energy is expected to range between a maximum price of $1,881.00 and a minimum of $1,635.65, reflecting market fluctuations and investor sentiments. By December 2024, the company’s maximum price is projected to reach around $2,055.43, with a minimum of approximately $1,787.33, indicating sustained growth and investor interest. These price movements will be closely monitored by stakeholders for insights into the company’s performance and market trends.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,057.48 | 1,582.68 |
| February 2025 | 2,061.60 | 1,585.85 |
| March 2025 | 2,104.90 | 1,619.15 |
| April 2025 | 2,063.63 | 1,587.40 |
| May 2025 | 2,003.52 | 1,541.17 |
| June 2025 | 2,093.68 | 1,610.52 |
| July 2025 | 2,052.63 | 1,578.94 |
| August 2025 | 2,116.11 | 1,627.78 |
| September 2025 | 2,141.50 | 1,647.31 |
| October 2025 | 2,197.18 | 1,690.14 |
| November 2025 | 2,252.11 | 1,732.39 |
| December 2025 | 2,353.46 | 1,810.35 |
Throughout 2025, Adani Green Energy is projected to experience varying price movements. In January, the maximum price is expected to reach approximately 2,057.48, with the minimum price around 1,582.68. As February approaches, the maximum and minimum prices are anticipated to hover around 2,061.60 and 1,585.85 respectively. By March 2025, it is forecasted that the maximum price of Adani Green Energy will peak at 2,104.90, with a corresponding minimum price of about 1,619.15. As the year unfolds, December 2025 is expected to see a substantial surge in both maximum and minimum prices, with the maximum price reaching approximately 2,353.46 and the minimum price stabilizing around 1,810.35, signaling potential for significant gains throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,424.06 | 1,864.66 |
| February 2026 | 2,486.21 | 1,912.47 |
| March 2026 | 2,583.18 | 1,987.06 |
| April 2026 | 2,532.53 | 1,948.10 |
| May 2026 | 2,458.76 | 1,891.36 |
| June 2026 | 2,569.41 | 1,976.47 |
| July 2026 | 2,519.03 | 1,937.71 |
| August 2026 | 2,596.94 | 1,997.64 |
| September 2026 | 2,687.83 | 2,067.56 |
| October 2026 | 2,757.71 | 2,121.32 |
| November 2026 | 2,826.65 | 2,174.35 |
| December 2026 | 2,897.32 | 2,228.71 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,955.27 | 2,273.28 |
| February 2027 | 3,031.04 | 2,331.57 |
| March 2027 | 3,149.25 | 2,422.50 |
| April 2027 | 3,087.50 | 2,375.00 |
| May 2027 | 2,997.58 | 2,305.83 |
| June 2027 | 3,132.47 | 2,409.59 |
| July 2027 | 3,071.05 | 2,362.34 |
| August 2027 | 3,166.03 | 2,435.41 |
| September 2027 | 3,276.84 | 2,520.64 |
| October 2027 | 3,362.04 | 2,586.18 |
| November 2027 | 3,446.09 | 2,650.84 |
| December 2027 | 3,532.24 | 2,717.11 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,602.88 | 2,771.45 |
| February 2028 | 3,695.27 | 2,842.51 |
| March 2028 | 3,839.38 | 2,953.37 |
| April 2028 | 3,764.10 | 2,895.46 |
| May 2028 | 3,654.47 | 2,811.13 |
| June 2028 | 3,818.92 | 2,937.63 |
| July 2028 | 3,744.04 | 2,880.03 |
| August 2028 | 3,859.83 | 2,969.10 |
| September 2028 | 3,994.92 | 3,073.02 |
| October 2028 | 4,098.79 | 3,152.92 |
| November 2028 | 4,201.26 | 3,231.74 |
| December 2028 | 4,306.29 | 3,312.53 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,392.42 | 3,378.78 |
| February 2029 | 4,505.05 | 3,465.42 |
| March 2029 | 4,680.74 | 3,600.57 |
| April 2029 | 4,588.96 | 3,529.97 |
| May 2029 | 4,455.30 | 3,427.16 |
| June 2029 | 4,655.79 | 3,581.38 |
| July 2029 | 4,564.50 | 3,511.16 |
| August 2029 | 4,705.67 | 3,619.75 |
| September 2029 | 4,870.37 | 3,746.44 |
| October 2029 | 4,997.00 | 3,843.85 |
| November 2029 | 5,121.93 | 3,939.94 |
| December 2029 | 5,249.97 | 4,038.44 |
| When | Maximum Price | Minimum Price |
| January 2030 | 5,354.97 | 4,119.21 |
| February 2030 | 5,492.28 | 4,224.83 |
| March 2030 | 5,706.48 | 4,389.60 |
| April 2030 | 5,594.59 | 4,303.53 |
| May 2030 | 5,431.64 | 4,178.18 |
| June 2030 | 5,676.06 | 4,366.20 |
| July 2030 | 5,564.77 | 4,280.59 |
| August 2030 | 5,736.87 | 4,412.98 |
| September 2030 | 5,937.66 | 4,567.43 |
| October 2030 | 6,092.04 | 4,686.19 |
| November 2030 | 6,244.34 | 4,803.34 |
| December 2030 | 6,400.45 | 4,923.43 |
Throughout 2030, Adani Green Energy is anticipated to experience fluctuating prices. In January, the maximum price is expected to reach approximately 5,354.97, with the minimum price around 4,119.21. As the year progresses, December 2030 is projected to mark a notable peak for Adani Green Energy, with the maximum price surging to approximately 6,400.45 and the minimum price stabilizing around 4,923.43, indicating potential for significant gains throughout the year.
Adani Green Energy Financial Condition: Last 5 Years
| Financials | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 2,058 | 2,549 | 3,124 | 5,133 | 7,792 |
| Expenses (Rs. Crores) | 532 | 1,099 | 883 | 1,621 | 2,822 |
| Operating Profit (Rs. Crores) | 1,526 | 1,450 | 2,241 | 3,512 | 4,970 |
| OPM (%) | 74% | 57% | 72% | 68% | 64% |
| Other Income (Rs. Crores) | 73 | -111 | 391 | 507 | 667 |
| Interest (Rs. Crores) | 1,121 | 995 | 1,953 | 2,617 | 2,911 |
| Depreciation (Rs. Crores) | 1,062 | 394 | 486 | 849 | 1,300 |
| Profit Before Tax (Rs. Crores) | -585 | -50 | 193 | 553 | 1,426 |
| Tax (%) | 19% | -22% | 6% | 12% | 32% |
| Net Profit (Rs. Crores) | -475 | -68 | 182 | 489 | 973 |
| EPS (Rs.) | -3.03 | -0.15 | 1.34 | 3.13 | 6.15 |
| Dividend Payout (%) | 0% | 0% | 0% | 0% | 0% |
- Adani Green Energy has witnessed a substantial growth trajectory over the last five years, evident in its financial performance.
- Sales surged from Rs. 2,058 Crores in March 2019 to Rs. 7,792 Crores in March 2023, reflecting a compelling compounded sales growth of 39%.
- Operational efficiency is highlighted by consistently positive Operating Profit Margins (OPM) ranging from 57% to 74%.
- Despite facing challenges, the company rebounded robustly, achieving a Net Profit of Rs. 973 Crores in March 2023, translating into a remarkable EPS of Rs. 6.15.
- Adani Green Energy maintained a dividend payout of 0% over the five years, strategically reinvesting resources into growth initiatives.
- The compounded profit growth over five years stands at an impressive 61%, showcasing the company’s strategic and operational prowess.
- The stock has delivered a notable CAGR of 115% over the past five years, reflecting investor confidence in its long-term prospects.
- The Return on Equity (ROE) has seen a positive upward trend, reaching 23% in the last year, affirming the company’s ability to generate returns for shareholders.
- Adani Green Energy’s financial condition underscores its resilience, strategic focus, and sustained growth in the dynamic renewable energy sector.
FAQs
What does Adani Green Energy currently value in the market?
As of March 18th, 2024, Adani Green Energy boasts a substantial market capitalization of ₹ 2,95,200 Crores.
The share price of Adani Green Energy is expected to reach ₹ 6,400.45 by the end of 2030.
As of March 18th, 2024, the share price stands at an encouraging ₹1,864.
How is Adani Green Energy’s stock priced in terms of P/E ratio?
The stock is currently valued with a P/E ratio of 180, showcasing its growth potential.
Does Adani Green Energy reward its investors with dividends?
While the company focuses on growth, it currently does not pay dividends, allowing resources to be strategically reinvested.
Adani Green Energy’s shares hold a face value of ₹10.0, reinforcing its strong financial standing.
How has the company’s sales and expenses evolved over the past five years?
Over the last five years, Adani Green Energy has showcased substantial growth, with sales soaring from ₹2,058 Crores to ₹7,792 Crores, and expenses rising from ₹532 Crores to ₹2,822 Crores.
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Conclusion: Charting the Green Odyssey
In conclusion, Adani Green Energy Limited emerges as a formidable force in India’s renewable energy landscape, steering towards a sustainable future. Boasting a market capitalization of ₹2,71,852 Crores and a current share price of ₹1,716, the company showcases robust growth and strategic positioning.
AGEL’s Q3FY24 performance underscores its operational efficiency, marked by a 148.54% YoY surge in net profit. The ambitious capacity expansion, technological advancements, and diversified portfolio highlight its commitment to renewable energy.
However, cautionary signals emerge. The stock’s high valuation at 34.4 times its book value prompts scrutiny. The absence of dividends and a declining promoter holding of -18.6% over three years warrant investor attention. Despite a remarkable 61.0% CAGR in profits over five years, financial intricacies suggest a prudent approach.
In navigating this green odyssey, investors are urged to balance the promise of sustainable energy with a discerning eye on valuation metrics, dividend expectations, and evolving corporate dynamics. Adani Green Energy stands poised for a dynamic future, yet a judicious investment stance remains paramount.
What did we learn?
- 1 About Adani Green Energy
- 2 Adani Green Energy Q3FY24 Highlights
- 3 How to Purchase Adani Green Energy Shares?
- 4 Adani Green Energy Share Price Target 2024 – 2030
- 4.1 Adani Green Energy Share Price Target 2024
- 4.2 Adani Green Energy Share Price Target 2025
- 4.3 Adani Green Energy Share Price Target 2026
- 4.4 Adani Green Energy Share Price Target 2027
- 4.5 Adani Green Energy Share Price Target 2028
- 4.6 Adani Green Energy Share Price Target 2029
- 4.7 Adani Green Energy Share Price Target 2030
- 5 Adani Green Energy Financial Condition: Last 5 Years
- 6 FAQs
- 6.1 What does Adani Green Energy currently value in the market?
- 6.2 What is Share Price Prediction of Adani Green Energy for 2030?
- 6.3 What’s the present share price of Adani Green Energy?
- 6.4 How is Adani Green Energy’s stock priced in terms of P/E ratio?
- 6.5 Does Adani Green Energy reward its investors with dividends?
- 6.6 What’s the face value of Adani Green Energy’s shares?
- 6.7 How has the company’s sales and expenses evolved over the past five years?
- 7 Conclusion: Charting the Green Odyssey
