Adani Green Energy Ltd.
NSE: ADANIGREENAdani Green Energy Ltd.: A 30-second snapshot
Adani Green Energy (ADANIGREEN) is a large-cap renewable power company in the NSE Power sector, trading at ₹1,446.9 as of the last data point — up 44.4% over 12 months and 49.8% over 3 months, with the price above both the 50-DMA (₹1,183.7) and 200-DMA (₹1,036.6). The business carries a debt-to-equity ratio of 346.5 (rising trend), a trailing PE of 150.9 against a peer range of 12.4–80.4, and a quality score of 28 out of 100 — ranking 4th of 6 sector peers.
P/E
150.9
Forward P/E
46.9
ROE
+7.6%
Debt / Equity
346.55
Profit Margin
+12.7%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
39/100
News
6 headlines · 4 positive · 2 negative
Adani commissions world's largest single-location battery storage outside China - The Indian Express
The Indian Express
Adani Green Energy commissions world's largest single-location battery storage system outside China at Khavda - Public TV English
Public TV English
Adani Green Energy commissions world's largest battery storage system of 3.37 GWh - Business Upturn
Business Upturn
Adani Green shares key update on civil complaint against Sagar, Gautam Adani, penalty - Business Today
Business Today
How AI is powering Adani stocks higher through its green data centre mega bet - Business Today
Business Today
Recent context
- ·In May 2026, Adani Green commissioned a 3.37 GWh battery energy storage system at its Khavda renewable energy park in Gujarat, described by the company as the largest single-location battery storage facility outside China.
- ·A Business Today report dated 15 May 2026 references a civil complaint update involving Sagar and Gautam Adani — the filing's current status and potential financial impact are not detailed in the available headline data.
- ·News flow over the tracked window consists of 6 articles (4 positive, 2 negative); the positive headlines cluster around the Khavda battery commissioning, while the two negative items relate to group-level legal and governance matters.
Strengths
- +Revenue has grown at a 5-year CAGR of 14.3% and reported earnings at 209.8% CAGR over 5 years, reflecting rapid capacity expansion in the renewable energy segment.
- +Price momentum is strong: up 44.4% over 12 months and 49.8% over 3 months, with the current price 39.5% above the 200-DMA (₹1,036.6) and only 5.6% below the 52-week high.
- +RSI of 66.1 sits in the upper-neutral band; the stock is 22.2% above its 50-DMA (₹1,183.7), indicating sustained near-term buying pressure without yet reaching an overbought reading.
- +Recent news flow includes the commissioning of what the company describes as the world's largest single-location battery storage system outside China (3.37 GWh at Khavda), signalling milestone project delivery.
Weaknesses
- −Debt-to-equity of 346.5 is on a rising trend — the highest leverage profile in the peer group, where NTPC and POWERGRID operate with far lower D/E ratios; sustained greenfield capex keeps this ratio structurally elevated.
- −ROE of 7.58% has never exceeded 15% in any tracked year (roeYearsAbove15 = 0), and free cash flow has been positive in only 1 of the tracked historical years — indicating that reported earnings growth has not translated into equity returns or cash generation.
- −Trailing PE of 150.9 is the most expensive valuation in the Power peer group; forward PE of 46.9 implies significant earnings growth is already embedded in the price, with no margin for earnings disappointment.
- −Quality score of 28 ranks 4th of 6 sector peers; the consistency score of 40 reflects irregular profitability metrics across the historical period.
Open questions
- ?Does the 209.8% 5-year earnings CAGR reflect a structural improvement in the business model, or is it primarily a function of base effects from earlier loss-making years — and how does the forward PE of 46.9 reflect that distinction?
- ?Given that FCF has been positive in only 1 of the tracked historical years and D/E stands at 346.5 on a rising trend, what refinancing assumptions or capacity-linked cash flow inflections would be required to normalise leverage?
- ?How does the ongoing civil complaint referenced in the 15 May 2026 headline intersect with the company's project pipeline, financing access, and regulatory approvals for future capacity additions?
- ?With the stock trading 39.5% above its 200-DMA and at a PE of 150.9, what would a scenario of earnings growth meeting — versus missing — consensus expectations imply for the valuation multiple over the next 2–3 years?
Peer comparison: Power
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| ADANIGREEN | Adani Green Energy Ltd.You're viewing | 150.9 | +7.6% | 28 |
| Industry avg | across 5 peers | 35.6 | +14.4% | 24 |
| ADANIPOWER | Adani Power Ltd. | 35.1 | +20.9% | 41 |
| POWERGRID | Power Grid Corporation of India Ltd. | 14.2 | +16.5% | 37 |
| ADANIENSOL | Adani Energy Solutions Ltd. | 80.4 | +9.7% | 23 |
| NTPC | NTPC Ltd. | 12.4 | +13.7% | 19 |
| TATAPOWER | Tata Power Co. Ltd. | 35.9 | +11.3% | 0 |
Technical state
Current price
₹1,446.90
SMA 50
₹1,183.68
SMA 200
₹1,036.62
RSI (14)
66.1 (neutral)
From 52w high
-5.6%
1Y return
+44.4%
3M return
+49.8%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 346.5 is extreme for a non-financial company; the debt trend is classified as rising. Peers NTPC and POWERGRID carry structurally lower leverage, and ongoing renewable greenfield capex suggests this ratio will remain elevated or increase further.
- highFCF positive in only 1 of the available historical years, and ROE of 7.58% has never exceeded 15% in any tracked year (roeYearsAbove15 = 0, consistencyScore 40). The capital model has not produced sustained equity returns despite a reported 5-year earnings CAGR of 209.8%.
- mediumTrailing PE of 150.9 is the highest in the Power peer group — ADANIENSOL trades at 80.4, ADANIPOWER at 35.1, TATAPOWER at 35.9, POWERGRID at 14.2, NTPC at 12.4. Quality score of 28 ranks 4th of 6 peers.
- mediumOne of 6 recent headlines (Business Today, 15 May 2026) covers a civil complaint update referencing Sagar and Gautam Adani. The news sample size of 6 articles is sparse; 2 of 6 are classified negative, limiting confidence in the sentiment reading.
Cross-section contradictions
- Price is up 44.4% over 12 months and sits only 5.6% below the 52-week high, trading above both the 50-DMA (₹1,183.7) and 200-DMA (₹1,036.6), yet ROE stands at 7.58%, FCF has been positive in only 1 historical year, and the quality score of 28 ranks near the bottom of the peer group — market pricing embeds growth expectations materially ahead of current fundamental output.
- A 5-year earnings CAGR of 209.8% and the recent commissioning of a 3.37 GWh battery storage facility at Khavda represent operational milestones, yet free cash flow has been positive in only 1 of the tracked years, meaning the earnings trajectory has not yet translated into cash generation.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days