Adani Green Energy Limited
Adani Green Energy Limited operates in Power Generation, part of the Power sector. It booked ₹4,258 cr of revenue in its latest quarter (Q2 FY27) and kept 15.8% of sales as profit. It is the 2nd largest of 9 Power Generation companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 49% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 17–23 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 57
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in ADANIGREEN?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹4,258 cr |
| Other Income | ₹262 cr |
| Total Income | ₹4,520 cr |
| Cost of Materials | ₹99 cr |
| Purchases of Stock-in-Trade | ₹23 cr |
| Employee Benefit Expense | ₹28 cr |
| Finance Costs | ₹2,119 cr |
| Depreciation & Amortisation | ₹1,084 cr |
| Other Expenses | ₹311 cr |
| Total Expenses | ₹3,664 cr |
| Profit before Tax | ₹856 cr |
| Tax Expense | ₹191 cr |
| Share of JV / Associates | ₹82 cr |
| Net Profit | ₹747 cr |
| Net margin on total income | 16.5% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 3,502 cr | 4,431 cr | 4,258 cr |
| Total income | 3,727 cr | 4,663 cr | 4,520 cr |
| Expenses | 3,131 cr | 3,473 cr | 3,664 cr |
| Profit before tax | 488 cr | 1,188 cr | 856 cr |
| Tax | 56 cr | 263 cr | 191 cr |
| Net profit (owners' share) | 397 cr | 845 cr | 673 cr |
| Net margin (owners' share, on revenue) | 11.3% | 19.1% | 15.8% |
| EPS (₹) | 2.33 | 5.05 | 4.00 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| NTPC Limited | ₹322 | ₹3.12 L cr | 11.1 | 13.2% | 13.0% | — |
| Adani Green Energy Limitedthis company | ₹1,339 | ₹2.21 L cr | 83.7 | 12.5% | 15.8% | — |
| JSW Energy Limited | ₹503 | ₹92,127 cr | 21.8 | 11.5% | 16.6% | — |
| NHPC Limited | ₹79 | ₹79,758 cr | 18.2 | 10.6% | 28.8% | — |
| NTPC Green Energy Limited | ₹82 | ₹69,408 cr | 128.7 | 2.8% | 14.7% | — |
| NLC India Limited | ₹230 | ₹31,936 cr | 16.5 | 8.1% | 9.3% | — |
| Acme Solar Holdings Limited | ₹413 | ₹29,122 cr | 25.8 | 12.8% | 30.3% | — |
| SJVN Limited | ₹56 | ₹21,913 cr | 8.3 | 17.6% | 29.3% | — |
| NAVA LIMITED | ₹515 | ₹14,601 cr | 13.1 | 12.7% | 22.9% | — |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2025, the company says it has spent 73% of what it set aside, leaving ₹2,494 cr still to be spent. India Ratings & Research Private Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing