Valuation Adani Green Energy Limited

Equities

Market Closed - NSE India S.E. Other stock markets 04:35:07 12/05/2026 pm IST			5-day change	1st Jan Change
1,308.00 ^INR	-5.74%		-1.76%	+28.85%

05/05	Adani Green Energy Limited, Q4 2026 Fixed Income Call, Apr 24, 2026
29/04	Bondada Engineering Secures New Orders Worth INR1.25 Billion	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	29,94,618	13,95,770	29,06,937	15,02,692	22,85,786	-	-
Change	-	-53.39%	108.27%	-48.31%	52.11%	-	-
Enterprise Value (EV) ¹	29,94,618	13,95,770	29,06,937	22,54,122	22,89,956	34,37,054	36,53,158
Change	-	-53.39%	108.27%	-22.46%	1.59%	7.19%	6.29%
P/E ratio	794x	163x	296x	113x	83.6x	73.2x	50.7x
PBR	-	-	-	14x	6.66x	10.2x	8.6x
PEG	-	1x	20.3x	3.2x	5.5x	1.1x	1.1x
Capitalization / Revenue	-	16.2x	27.8x	13.4x	10.3x	12.5x	9.99x
EV / Revenue	-	16.2x	27.8x	20.1x	17.7x	18.8x	16x
EV / EBITDA	-	22x	34x	25.4x	21.3x	21.9x	18.2x
EV / EBIT	-	-	53.9x	35.3x	31x	29.5x	23.9x
EV / FCF	-	35.5x	-36.4x	-13.7x	-14.4x	-21.4x	-112x
FCF Yield	-	2.81%	-2.75%	-7.27%	-6.92%	-4.68%	-0.9%
Dividend per Share ²	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-
EPS ²	2.41	5.41	6.2	8.37	9.65	18.96	27.37
Distribution rate	-	-	-	-	-	-	-
Net sales ¹	-	86,330	1,04,600	1,12,120	1,29,280	1,82,580	2,28,737
EBITDA ¹	-	63,310	85,580	88,880	1,07,680	1,56,667	2,00,907
EBIT ¹	-	-	53,940	63,900	73,960	1,16,673	1,52,940
Net income ¹	4,890	9,740	12,600	14,440	16,520	32,578	47,941
Net Debt ¹	-	-	-	7,51,430	9,60,850	11,51,268	13,67,372
Reference price ²	1,914.70	881.15	1,835.15	948.65	1,387.70	1,387.70	1,387.70
Nbr of stocks (in thousands)	15,64,014	15,84,032	15,84,032	15,84,032	16,47,176	-	-
Announcement Date	04/05/22	01/05/23	03/05/24	28/04/25	24/04/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADANI GREEN ENERGY LIMITED	122.35x	24.2x	29.14x	-.--%	2.4TCr
HUANENG LANCANG RIVER HYDROPOWER INC.	19.93x	9.92x	13.8x	2.29%	2.63TCr
EDP RENOVÁVEIS, S.A.	34.98x	8.56x	11.2x	1.14%	1.82TCr
ENGIE BRASIL ENERGIA S.A.	12.38x	5.49x	8.9x	3.77%	783.8Cr
GCL ENERGY TECHNOLOGY CO.,LTD.	33.8x	-	-	1.18%	471.99Cr
CECEP WIND-POWER CORPORATION CO.,LTD.	51.2x	-	-	-	493.12Cr
CLEARWAY ENERGY, INC.	-69.69x	7.64x	9.12x	4.89%	466.62Cr
Average	29.28x	11.16x	14.43x	2.21%	1.3TCr
Weighted average by Cap.	47.21x	13.29x	17.02x	1.62%