ADANIENT vs ADANIGREEN
Side-by-side comparison of Adani Enterprises Ltd. and Adani Green Energy Ltd.. Descriptive only — not investment advice.
Adani Enterprises Ltd.
Metals
Quality Score: 32/100
Adani Green Energy Ltd.
Power
Quality Score: 44/100
At a glance
| Metric | ADANIENT | ADANIGREEN |
|---|---|---|
| Quality Score | 32/100 | 44/100 |
| P/E (trailing) | 34.0 | 140.2 |
| Forward P/E | 44.1 | 43.8 |
| ROE | +13.7% | +7.6% |
| Profit margin | +9.3% | +12.8% |
| Debt-to-equity | 119.56 | 339.50 |
| Dividend yield | +0.05% | — |
| 1Y price return | +6.5% | +46.9% |
| From 52w high | -7.0% | -1.6% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.00 | 1.50 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
Adani Enterprises (NSE: ADANIENT) is the flagship incubator of the Adani Group, currently trading at Rs 2505.90 — above its 50-DMA (Rs 2126.15) and 200-DMA (Rs 2285.05) after a 12.46% 3-month run. The stock carries a trailing PE of 33.96 and a debt-to-equity ratio of 119.56, alongside a Q4 FY26 net loss of Rs 221 crore that reversed the prior year's profit.
Adani Green Energy (₹1,355.8) is a large-cap renewable power developer in the NSE Power sector, up 46.9% over the past 12 months and trading 35% above its 200-DMA. The company carries a debt-to-equity ratio of 339.5 — the highest visible in its peer group — and a trailing PE of 140.2, against a ROE of 7.6% and FCF positivity in just 1 of its available historical years.
Pros
- ✓Revenue has grown at a 5-year CAGR of 20.3%, reflecting the group's aggressive expansion across airports, green hydrogen, roads, and defence segments.
- ✓Price is 7.02% below its 52-week high, and current levels sit above both the 50-DMA (Rs 2126.15) and the 200-DMA (Rs 2285.05), indicating the stock has recovered substantially from its recent trough.
- ✓Jefferies raised its price target following Q4 results, citing EBITDA growth at the segment level, while the group simultaneously announced a three-layer organisational restructure aimed at faster decision-making.
- ✓A dividend was announced alongside Q4 results, marking a return of cash to shareholders despite the reported net loss for the quarter.
- ✓Revenue has grown at a 5-year CAGR of 13.1%, and 5-year earnings growth is reported at 280.3%, reflecting the ramp-up of commissioned renewable capacity from a low base.
- ✓The forward PE of 43.8 represents a steep compression from the trailing PE of 140.2, implying the market is pricing in material near-term earnings growth relative to current reported profits.
- ✓The stock received an ESG rating of 87.3 from Care ESG Ratings in April 2026, a data point relevant to investors who screen for sustainability credentials.
- ✓Mean analyst rating of 1.5 across 8 analysts (1–5 scale, lower = more constructive), with a relatively small coverage universe.
Cons
- ✗The debt-to-equity ratio of 119.56 is extreme; combined with FCF positive in only 1 of the tracked years and a rising debt trend, the balance sheet leaves limited buffer if revenue growth slows or credit conditions tighten.
- ✗Q4 FY26 swung to a net loss of Rs 221 crore from a profit in the prior year period — a material year-on-year reversal that the headline revenue growth rate does not reflect.
- ✗Quality score of 22 ranks 4th out of 6 sector peers with usable data; TATASTEEL (44), HINDALCO (38), and JSWSTEEL (36) all score meaningfully higher on the composite quality measure.
- ✗ROE of 13.66% has not exceeded 15% in any tracked year, and with the forward PE at 44.14 — higher than the trailing PE of 33.96 — the stock prices in earnings improvement that the recent quarterly result does not yet support.
- ✗Debt-to-equity of 339.5 is extreme; the debt trend is classified as rising, meaning leverage is increasing even as the business scales — a structural characteristic of capital-heavy greenfield renewable development that amplifies both upside and downside outcomes.
- ✗FCF has been positive in only 1 of the available historical years, and ROE has never exceeded 15% in any historical year on record; the consistency score is 40 out of 100 and the overall quality score is 28 — third-worst among the 6 Power sector peers tracked.
- ✗Trailing PE of 140.2 is the highest in the peer group; ADANIPOWER trades at 34.0 and NTPC at 22.3, meaning ADANIGREEN carries a substantial valuation premium relative to peers on current earnings.
- ✗RSI of 82.5 places the stock in overbought territory following a 42% price gain over the past 3 months; nearest identified support levels are at ₹998, ₹936, and ₹825 — 26% to 39% below the current price.
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For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Comparison reflects current public data; consult a registered adviser before any investment decision.