Adani Green Energy Ltd
Adani Green Energy Ltd (ADANIGREEN)

Adani Green Energy Ltd (ADANIGREEN)

₹21760.51%

Key Stats

₹2152.15
Day's Price Range
₹2195
₹875
52-Week Price Range
₹3050
1 Month Return3.73 %
3 Month Return-0.31 %
1 Year Return136.93 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 9
894.58
EPS
Rank 9
₹2.42
BVPS
Rank 8
₹5.51
Dividend Yield
Rank 7
ROE
Rank 5
10.84%
Price To Book Ratio
Rank 9
392.9
Debt To Asset
Rank 1
0.92

Company Information

Adani Green Energy Limited is one of the large renewable energy companies in India. The value accretive acquisition boosts AGELs operational portfolio to 5.4 GW and its overall portfolio to 20.3 GW.The portfolio is almost equally split capacity wise between central and state government schemes. The company is present across 11 Indian states Gujarat Punjab Rajasthan Maharashtra Karnataka Tamilnadu Andhra Pradesh Telangana Chhattisgarh Madhya Pradesh and Uttar Pradesh with a portfolio of 36 operational projects and 3 under construction projects. Adani Green Energy was incorporated on 23 January 2015 as a subsidiary of Adani Enterprises Limited AEL with an objective of dealing in any kind of power or electrical energy using coal lignite petroleum products or any other substances wind energy solar energy renewable energy wave energy tidal energy hydro energy thermal energy or any other form of energy and any products or byproducts derived from any such business of energy and to set up power plants wind turbines power stations hydel power station solar energy systems renewable energy systems or any other facility to generate power. The first accounting period of the company was from 23 January 2015 to 31 March 2016. The paid up share capital of the company increased from Rs. 5 lacs to Rs. 160 crore during the period under review. During the period under review Adani Green Energy signed contract with Inox Wind Limited for setting up of wind power project of 20 MW capacity at Lahori Madhya Pradesh. Out of this 12 MW capacity has achieved commercial operation as on 31 March 2016. The company also won 50 MW Solar Power bid in the state of Jharkhand from JREDA under Jharkhand State Solar Power Policy 2015.During the period under review Adani Green Energys subsidiary company Adani Renewable Energy Park Limited entered into Joint Venture Agreement with Government of Rajasthan and formed a Joint Venture Company under the name Adani Renewable Energy Park Rajasthan Limited with equity ratio of 50:50.During the year ended 31 March 2017 Adani Properties Private Limited transferred 93631650 Equity Shares of Rs. 10/ each held by it in Adani Green Energy to Universal Trade and Investments Limited.On 20 December 2017 Adani Green Energy disposed off 50000 Equity Shares of Zemira Renewable Energy Limited Zemira erstwhile known as Adani Wind Energy AP Limited constituting 100 of paidup share capital of Zemira. Accordingly Zemira ceased to be subsidiary of the company.On 22 March 2018 Adani Green Energy acquired 49 of Equity Shares of Kodangal Solar Parks Private Limited KSPPL. Accordingly KSPPL became a joint venture of the company.The National Company Law Tribunal bench at Ahmedabad had vide its order dated 16 February 2018 sanctioned the Scheme of Arrangement among Adani Enterprises Limited AEL and Adani Green Energy Limited AGEL and their respective shareholders and creditors the Scheme. The Scheme with effect from 1 April 2018 inter alia provides for transfer and vesting of Renewable Power Undertaking of AEL to AGEL. As per the Scheme 100 investment of AEL into Equity Shares of Prayatna Developers Private Limited PDPL was transferred to AGEL with effect from the appointed date i.e. 1 April 2018. Accordingly PDPL became whollyowned subsidiary of AGEL with effect from 1 April 2018.The company had 15 direct and indirect subsidiaries and 1 joint venture as on 31 March 2018. Upon the Scheme of Arrangement among Adani Enterprises Limited and Adani Green Energy Limited and their respective shareholders and creditors coming into effect from 01 April 2018 the Company had issued 761 Equity Shares of Rs 10/ each to shareholders of Adani Enterprises Limited against every 1000 Equity Shares held by them. Accordingly 649689000 Equity Shares held by Adani Enterprises Limited in the Company alongwith its nominees were cancelled and 836955473 Equity Shares were issued by the Company on 08 April 2018.The Equity Shares of the company got listed on BSE Limited Mumbai and the National Stock Exchange of India Limited Mumbai on 18 June 2018.The Company had 39 direct and indirect subsidiaries and 1 Joint Venture as on 31 March 2019.The Company has entered into a Joint Venture Agreement dated 03 April 2020 with Total Solar Singapore Pte Ltd Total to record the terms and conditions for i regulating the operation and management of the JV Company ii governing the relationship between the Company and Total iii certain rights and obligations of the Company and Total in relation to the JV Company. The JV Company owns 2148 MW operational Solar Power Project. The Company and Total both own 50 shareholding of the JV Company.The company had 74 direct and indirect subsidiaries and 1 Joint Venture as on 31 March 2020. The company added 925 MW operational capacity in FY21 despite pandemic. In FY21 AGEL commissioned 100 MW solar plant in Rajasthan 250 MW solar plant in Gujarat 125 MW solar plant in Uttar Pradesh and 100 MW wind plant in Gujarat.In FY21 AGEL completed acquisition of 205 MW solar plants from Essel Group 75 MW solar plants from Sterling Wilson 50 MW solar plants from SkyPower Global 20 MW solar plant from Hindustan Powerprojects.In FY21 AGEL received Letters of Award for 8900 MW renewable projects. This includes i 8000 MW solar projects from Solar Energy Corporation of India ii 600 MW SolarWind Hybrid project from Solar Energy Corporation of India and iii 300 MW wind project from Solar Energy Corporation of India.During the FY2021the company is ranked as the Largest Developer of Solar Power in the world by US based Mercom Capital.The company has 116 direct and indirect subsidiaries associates and 1 Joint Venture as on 31 March 2021.AGEL is in the process of acquiring SB Energys 5 GW India renewable portfolio Indias largest renewables MA transaction.The company Signed definitive agreements for 100 acquisition of SB Energy Holdings Limited SB Energy India. It houses 4954 MW of renewable assets in India. The target portfolio consists of 84 solar capacity 4180 MW 9 windsolar hybrid capacity 450 MW and 7 wind capacity 324 MW. The portfolio comprises of 1700 MW operational solar power capacity 300 MW commissioned post definitive agreements 2554 MW renewable projects under implementation and 700 MW project pipeline.During the Q2 of 2022 in an allcash deal AGEL has successfully completed the acquisition of SB Energy Holdings Ltd SB Energy India for a fully completed enterprise valuation of USD 3.5 Bn Rs. 26000 Crore. With this deal SB Energy India is now a 100 subsidiary of AGEL.The value accretive acquisition boosts AGELs operational portfolio to 5.4 GW and its overall portfolio to 20.3 GW.
OrganisationAdani Green Energy Ltd
HeadquartersAhmedabad
IndustryPower Generation & Distribution