Power · NIFTY 500

Adani Green Energy Limited

NSEADANIGREEN BSE541450 ISININE364U01010 SeriesEQ Listed on NSE · BSE

₹1,422.00 +20.30 (+1.45%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+31.08% in a year

Today

Open: ₹1,414.00
Prev close: ₹1,401.70
Day high: ₹1,426.40
Day low: ₹1,406.00
Volume: 24.46 L
Value traded: ₹346.84 Cr
Upper circuit: ₹1,464.40
Lower circuit: ₹1,379.20
52W high: ₹1,631.50
52W low: ₹765.00
1 month: +15.25%
6 months: +2.62%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹234,203 Cr

P/E (TTM)129.27

P/B10.85

Book value / share₹131.10

EPS (TTM)₹11.00

ROE8.7%

Dividend yield—

Dividend (12m)—

Net margin (TTM)12.7%

Operating margin89.2%

Debt / equity5.20

Current ratio0.57

EV / EBITDA26.96

Sales growth (YoY qtr)+41.56%

Profit growth (YoY qtr)+15.44%

Sales CAGR 3Y+36.06%

Profit CAGR 3Y+50.05%

Shares164.70 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

2,176322

Jun 23

2,220372

Sep 23

2,311256

Dec 23

2,527150

Mar 24

2,834446

Jun 24

3,055276

Sep 24

2,365492

Dec 24

3,008583

Sep 25

2,618-41.0

Dec 25

3,502397

Mar 26

4,431845

Jun 26

4,258673

Sep 26

Revenue · QoQ (vs last quarter)

—+2.0%+4.1%+9.3%+12%+7.8%-23%—-13%+34%+27%-3.9%

Revenue · YoY (vs a year ago)

————+30%+38%+2.3%-1.5%+11%——+42%

Net profit · QoQ (vs last quarter)

—+16%-31%-41%+197%-38%+78%—-107%+1,068%+113%-20%

Net profit · YoY (vs a year ago)

————+39%-26%+92%+111%-108%——+15%

RevenueNet profitLine = trend

1.85

Jun 23

2.17

Sep 23

1.42

Dec 23

0.76

Mar 24

2.63

Jun 24

1.54

Sep 24

2.92

Dec 24

3.44

Sep 25

-0.38

Dec 25

2.33

Mar 26

5.05

Jun 26

4.00

Sep 26

EPS (₹) · YoY (vs a year ago)

————+42%-29%+106%+123%-113%——+16%

EPS (₹)Line = trend

₹ Cr	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	2,176	2,220	2,311	2,527	2,834	3,055	2,365	3,008	2,618	3,502	4,431	4,258
Other income	228	369	364	279	288	321	265	241	219	225	232	262
Total income	2,404	2,589	2,675	2,806	3,122	3,376	2,630	3,249	2,837	3,727	4,663	4,520
Raw material	95.0	218	411	463	219	588	261	47.0	12.0	228	35.0	99.0
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	23.0
Employee cost	17.0	19.0	23.0	18.0	34.0	28.0	31.0	47.0	37.0	33.0	22.0	28.0
Other expenses	-17.0	284	211	195	161	234	472	311	328	359	389	311
Total expenses	1,939	2,160	2,368	2,379	2,447	2,837	2,323	2,874	2,961	3,131	3,473	3,664
Operating profit	2,031	1,683	1,566	1,771	2,373	2,108	1,585	2,520	2,230	2,774	3,983	3,797
OPM %	93.3%	75.8%	67.8%	70.1%	83.7%	69.0%	67.0%	83.8%	85.2%	79.2%	89.9%	89.2%
Finance cost	1,393	1,165	1,242	1,206	1,440	1,369	944	1,635	1,698	1,626	2,001	2,119
Depreciation	451	474	481	497	593	618	615	834	886	885	1,026	1,084
Exceptional items	-50.0	-16.0	-100	-80.0	-47.0	-97.0	-16.0	-83.0	-11.0	-108	-2.0	—
Profit before tax	415	413	207	347	628	442	291	292	-135	488	1,188	856
Tax	142	119	68.0	82.0	179	26.0	-109	-237	-37.0	56.0	263	191
Net profit	323	371	256	310	629	515	474	644	5.0	514	983	747
Profit to shareholders	322	372	256	150	446	276	492	583	-41.0	397	845	673
EPS (₹)	1.85	2.17	1.42	0.76	2.63	1.54	2.92	3.44	-0.38	2.33	5.05	4.00

Profit & loss

Results for each year

7 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

2,0581,525-474

FY19

2,5491,259-23.2

FY20

3,1242,230210

FY21

5,1333,603489

FY22

7,7924,737974

FY23

9,2207,0511,100

FY24

12,92810,5491,652

FY26

Revenue · YoY (vs a year ago)

—+24%+23%+64%+52%+18%—

Net profit · YoY (vs a year ago)

—+95%+1,004%+133%+99%+13%—

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	2,058	2,549	3,124	5,133	7,792	9,220	12,928
Other income	73.0	80.4	396	415	841	1,240	891
Total expenses	2,716	2,488	3,249	5,060	7,072	8,832	12,016
Employee cost	59.6	107	38.0	34.0	40.0	77.0	150
Operating profit	1,525	1,259	2,230	3,603	4,737	7,051	10,549
OPM %	74.1%	49.4%	71.4%	70.2%	60.8%	76.5%	81.6%
Finance cost	1,121	995	1,953	2,617	2,911	5,006	6,484
Depreciation	1,062	394	486	849	1,300	1,903	3,372
Profit before tax	-585	-49.9	187	552	1,367	1,382	1,584
Tax	-113	11.4	11.0	64.0	453	411	14.0
Tax rate %	—	—	5.9%	11.6%	33.1%	29.7%	0.9%
Net profit	-475	-68.0	182	489	973	1,260	1,987
Profit to shareholders	-474	-23.2	210	489	974	1,100	1,652
Net margin %	-23.0%	-0.9%	6.7%	9.5%	12.5%	11.9%	12.8%
EPS (₹)	-3.57	-0.74	0.68	2.41	5.41	6.20	9.65

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

7,30454,2231,002

Mar 23

9,83463,0601,608

Mar 24

19,9651.01L1,735

Mar 26

21,5921.12L1,859

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+35%——

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 26	Sep 26
Shareholders' equity	7,304	9,834	19,965	21,592
Long-term borrowings	49,908	40,503	90,755	100,484
Short-term borrowings	4,315	22,557	10,685	11,827
Total borrowings	54,223	63,060	101,440	112,311
Current liabilities	7,941	26,388	20,150	23,023
Fixed assets (PPE)	48,257	62,195	102,049	113,943
Inventories	52.0	291	136	144
Trade receivables	2,206	1,342	2,129	2,070
Cash & equivalents	1,002	1,608	1,735	1,859
Current assets	7,213	13,474	11,461	13,123
Total assets	67,361	88,538	144,097	161,913
Debt / equity	7.42	6.41	5.08	5.20

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

3,060-18,66315,986

FY22

7,265-3,857-2,973

FY23

7,713-21,06013,953

FY24

10,135-26,22715,615

FY26

Operations · YoY (vs a year ago)

—+137%+6.2%—

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY26
Cash from operations	3,060	7,265	7,713	10,135
Cash from investing	-18,663	-3,857	-21,060	-26,227
Cash from financing	15,986	-2,973	13,953	15,615
Spent on fixed assets	-14,792	-3,376	-15,773	-26,097
Free cash flow	-11,732	3,889	-8,060	-15,962
Net cash flow	383	435	606	-477

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

56.4%Dec 23

56.4%Mar 24

57.5%Jun 24

60.9%Sep 24

60.9%Dec 24

60.9%Mar 25

61.9%Jun 25

62.4%Sep 25

62.4%Dec 25

62.4%Mar 26

62.4%Jun 26

62.4%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

62.4%promoter

Promoter & group: 62.43%
Public (FIIs, mutual funds, retail…): 37.57%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Annual General MeetingEx 14-Jun-2024
Annual General MeetingEx 11-Jul-2023
Annual General MeetingEx 18-Jul-2022
Annual General MeetingEx 02-Jul-2021
Annual General MeetingEx 16-Jun-2020
Annual General MeetingEx 29-Jul-2019
Annual General MeetingEx 27-Jul-2018

Board meetings

Adani Green Energy Limited has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and approve the Unaudited F…21-Oct-2026
the financial results for the period ended September 30, 202621-Oct-2026
Adani Green Energy Limited has informed the Exchange about Board Meeting to be held on 22-Jul-2026 to inter-alia consider and approve the Unaudited F…22-Jul-2026
Adani Green Energy Limited has informed the Exchange about Board Meeting to be held on 22-Jul-2026 to inter-alia consider and approve the Unaudited F…22-Jul-2026
Adani Green Energy Limited has informed the Exchange about Board Meeting to be held on 22-Jul-2026 to inter-alia consider and approve the Unaudited F…22-Jul-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates26 Oct
Copy of Newspaper Publication26 Oct
Shareholders meeting23 Oct
Analysts/Institutional Investor Meet/Con. Call Updates22 Oct
Updates21 Oct
Outcome of Board Meeting21 Oct

Latest news

Adani Enterprises, Adani Ports, Adani Green: How Adani Group stocks are performing as benchmarks stay flatUpstox · 12 Nov, 1:15 pm Indian Green Energy Stocks Show Mixed Trends As Select Counters Gain Amid Market-Wide Selling Pressure (12 November 2026)SolarQuarter · 12 Nov, 5:25 pm Adani Green Energy Ltd (BOM:541450) (Q2 2027) Earnings Call Highlights: 20 GW Milestone, 93% ...Yahoo Finance · 24 Oct, 12:30 pm MSCI Nov rejig: LIC, Adani Green, Meesho among 4 additions; PI Inds exitsBusiness Standard · 12 Nov, 8:11 am Adani Green Ene Standalone September 2026 Net Sales at Rs 7,890.00 crore, up 99.9% Y-o-YMoneycontrol.com · 12 Nov, 10:00 am MSCI Rejig: LIC, Coforge, Adani Green, Meesho make the cut while PI Industries dropped; Details hereCNBC TV18 · 12 Nov, 5:42 am Why Adani Green stocks are falling despite strong Q1 results? Reasons ExplainedIndia Infoline · 23 Jul, 12:30 pm ADANI GREEN ENERGY Share Price Today Down 5%Equitymaster · 8 Oct, 12:30 pm

About

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by the Indian conglomerate Adani Group, which is a major international coal-mining enterprise, and minority-owned by TotalEnergies. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Adani Green Energy Limited
NSE symbol: ADANIGREEN
BSE scrip code: 541450
ISIN: INE364U01010
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 18 Jun 2018
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 164.70 crore
Index: NIFTY 500
Sector (NSE): Power
Industry: Alternative Power Generation
Managing director / CEO: Ashish Khanna
Chair: Gautam Adani
Headquarters: Ahmedabad, Gujarat, India
Registered address: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad - 382 421, Gujarat, India
Founded: 2015
Employees: 976
Financial year: April to March
Results basis: Consolidated
Website: adanigreenenergy.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Adani Green Energy Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers