Adani Green Energy Limited

Power · Power

NSE: ADANIGREEN BSE: 541450

₹1278.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #4 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited (this stock)	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹230,832 Cr

EV / EBITDA

128.6x

EV / Sales

11.68x

Market cap / Sales

10.65x

Earnings yield

0.25%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 6,472 Cr, up 28.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	6,206	-86	-51	₹-0.3100
March 31, 2026	6,249	-26	514	₹0.0700
Dec. 31, 2025	3,355	82	82	₹0.4900
Sept. 30, 2025	3,947	331	—	₹2.9200
June 30, 2025	4,789	36	34	₹0.1100
March 31, 2025	6,461	171	83	₹0.4500
Dec. 31, 2024	5,947	573	557	₹
Sept. 30, 2024	3,937	90	99	₹0.5300
June 30, 2024	3,383	-75	-89	₹-0.6600
March 31, 2024	7,304	-187	-195	₹-1.3300
Dec. 31, 2023	2,089	123	113	₹0.6100
Sept. 30, 2023	1,917	-241	-259	₹-1.7300
June 30, 2023	691	-186	-205	₹-1.3900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	6,472	6,604	3,636	4,198	5,022	6,775	4,158	3,637	7,505	2,488	2,054	833	1,766
Operating revenue	6,206	6,249	3,355	3,947	4,789	6,461	3,937	3,383	7,304	2,089	1,917	691	1,632
Other income	266	355	281	251	233	314	221	254	201	399	137	142	134
Operating expenses	6,134	6,080	3,210	3,526	4,584	6,157	3,567	3,219	7,141	1,984	1,918	706	1,531
Operating profit	72	169	145	421	205	304	370	164	163	105	-1	-15	101
Operating profit margin	1.2%	2.7%	4.3%	10.7%	4.3%	4.7%	9.4%	4.8%	2.2%	5.0%	-0.1%	-2.2%	6.2%
Depreciation	35	30	27	23	23	18	9	12	10	4	13	3	3
Interest	389	355	317	318	342	368	475	481	470	377	364	310	409
Exceptional items, gain / (loss)	—	-165	—	—	-37	-61	-17	—	-71	—	—	—	-67
Profit before tax	-86	-26	82	331	36	171	90	-75	-187	123	-241	-186	-244
Tax	-35	-39	—	-144	2	88	-9	14	8	10	18	19	-4
Net profit	—	—	82	—	34	83	99	-89	-195	113	-259	-205	-240
EPS	-0.31	0.07	0.49	2.92	0.11	0.45	0.53	-0.66	-1.33	0.61	-1.73	-1.39	-1.62
Net profit (TTM)	—	—	—	—	127	-102	-72	-430	-546	-591	-831	-665	-328
EPS (TTM)	3.17	3.59	3.97	4.01	0.43	-1.01	-0.85	-3.11	-3.84	-4.13	-5.64	-4.59	-2.46

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	12,928	1,584	1,987
March 31, 2025	19,613	762	654
March 31, 2024	12,001	-491	-546
March 31, 2023	7,629	-333	-328

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
Total income (before exceptional items)	18.7%	36.3%	14,048^†	—	12,880^†	8,409^†	11,110^†	2,992^†	1,580^†	621^†
Operating revenue	19.2%	39.2%	12,928	19,613	12,001	7,629	10,672^†	2,473^†	1,247^†	318^†
Other income	—	—	1,120^†	—	879^†	780^†	438^†	519^†	333^†	303^†
Operating expenses	—	—	17,400^†	—	11,749^†	7,772^†	10,498^†	2,429^†	1,288^†	363^†
Operating profit	—	—	-4,472^†	—	252^†	-143^†	174^†	45^†	-41^†	-45^†
Operating profit margin	—	—	-34.6%^†	—	2.1%^†	-1.9%^†	1.6%^†	1.8%^†	-3.3%^†	-14.1%^†
Depreciation	—	—	103^†	—	30^†	11^†	7^†	4^†	4^†	8^†
Interest	—	—	1,332^†	—	1,521^†	892^†	775^†	257^†	213^†	289^†
Exceptional items, gain / (loss)	—	—	-202^†	—	-71^†	-67^†	41^†	122^†	0^†	0^†
Profit before tax	—	30.2%	1,584	762	-491	-333	-129^†	424^†	75^†	-39^†
Tax	—	—	—	—	55^†	—	-72^†	59^†	-60^†	-4^†
Net profit	—	40.3%	1,987	654	-546	-328	-57^†	365^†	135^†	-35^†
EPS	—	13.0%	3.59^†	—	-3.84^†	-2.46^†	-0.76^†	1.95^†	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
Operating margin	-34.6%^†	—	2.1%^†	-1.9%^†	1.6%^†	1.8%^†	-3.3%^†	-14.1%^†
EBIT margin	22.6%^†	—	8.6%^†	7.3%^†	6.1%^†	27.5%^†	23.1%^†	78.4%^†
PBT margin	12.3%	3.9%	-4.1%	-4.4%	-1.2%^†	17.1%^†	6.0%^†	-12.3%^†
Net margin	15.4%	3.3%	-4.5%	-4.3%	-0.5%^†	14.8%^†	10.8%^†	-11.0%^†
Interest coverage	2.19x^†	—	0.68x^†	0.63x^†	0.83x^†	2.65x^†	1.35x^†	0.86x^†
Dividend payout	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—
Current ratio	0.61x	0.70x	—	—	—	—	—	—
Quick ratio	0.29x	0.43x	—	—	—	—	—	—
Debt to equity	1.37x	2.39x	—	—	—	—	—	—
Return on equity	13.3%	8.0%	—	—	—	—	—	—
Return on assets	3.8%	1.6%	—	—	—	—	—	—
Return on capital employed	9.6%^†	—	—	—	—	—	—	—
Asset turnover	0.25x	0.47x	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	10,135	-26,227	15,615	26,097	-15,962
March 31, 2025	1	4,539	-4,303	1,424	-1,423
March 31, 2024	-2,482	-7,393	9,754	210	-2,692
March 31, 2023	5,003	-2,491	-2,013	408	4,595
March 31, 2022	1,455	-12,488	11,028	19	1,436

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	51,955	14,890	13,243	8,982	11,471	13,147	21,538	130	3,364	7,000
March 31, 2025	41,867	8,212	6,628	6,880	12,781	12,737	18,184	625	1,483	4,886
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.