Adani Green Energy Ltd (NSE: ADANIGREEN): Adani Green Energy can raise $500 million through the issuance of dollar bonds in March. In this way, it becomes the only Adani Group company to return to the bond market in foreign currency within a year.
According to reports the company is speaking with investors to obtain details on the foundations and pricing.
Once the understanding of demand and price is established, the company will work out the details and then tap into the market.
Officials have said Adani Green may use some of the profits from the bond issue to pay off its debt, which is due to mature in the year to come.
In January of last year, an investigation from US seller Hindenburg Research caused a decline in bonds and shares listed in the foreign market from Adani Group companies, prompting them to withdraw from the market for foreign currency bonds and to purchase back $315 million in the listed bonds. They were forced to.
However, the majority of the bond’s foreign debt has since returned to levels that were higher than the ones they were trading before they were subject to the Hindenburg report.
The result has been simpler for them to think about the possibility of a new dollar bond.
Access Investors From Hong Kong And Singapore
Adani Green Energy held a non-deal roadshow in January and approached investors from Hong Kong and Singapore.
Without providing details on the date sources told the company is set to begin an event for the bond issue it is planning to launch.
The company is currently in discussions with foreign investors and banks and has yet to hire experts to handle this issue.
According to reports, the spread for Adani Group’s dollar bonds has decreased in comparison to the previous year, which means the deal is likely to be offered at an appropriate cost.
Adani Green Energy recently completed financing to redeem its bonds worth $750 million that are due to mature in September, just eight months before the due date.
The brokerage firm recently upgraded Adani Green’s credit forecast from “Stable” to “negative” due to the company’s greater financial flexibility and lower risk of refinancing following the repayment.
According to the merchant bankers, Adani Transmission, among other businesses of the Adani Group, can also be a part of the market for foreign bonds in the coming year. Experts have set Share Target of ₹2000 And ₹2434 for this share.
About Adani Green Energy Ltd
Adani Group is a diversified business in India that improves lives, generates value, and helps to empower.
It has created an impressive infrastructure for transportation and utilities that spans across India.
It has built an exceptional utility and transport infrastructure portfolio that is an all-India presence. Adani Group is headquartered in Ahmedabad located in Gujarat, India.
Fundamental Analysis of Adani Green Energy Ltd
| Market Cap | ₹ 3,01,085 Cr. |
| Current Price | ₹ 1,899 |
| 52-wk High | ₹ 1,990 |
| 52-wk Low | ₹ 439.10 |
| Stock P/E | 219.31 |
| Book Value | ₹ 50.1 |
| Dividend | 0.00 % |
| ROCE | 7.81 % |
| ROE | 22.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 38.0 |
| OPM | 83.0 % |
| EPS | ₹ 9.20 |
| Debt | ₹ 57,378 Cr. |
| Debt to Equity | 7.23 |
Adani Green Energy Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1900 | ₹ 2232 |
| 2025 | ₹ 2300 | ₹ 2400 |
| 2026 | ₹ 2480 | ₹ 2640 |
| 2027 | ₹ 2700 | ₹ 2800 |
| 2028 | ₹ 2822 | ₹ 2900 |
| 2029 | ₹ 3000 | ₹ 3189 |
| 2030 | ₹ 3200 | ₹ 3400 |
Adani Green Energy Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 60.75% |
| Mar 2023 | 57.26% |
| June 2023 | 56.27% |
| Sept 2023 | 56.26% |
| Dec 2023 | 56.37% |
| FII Holding | |
| Dec 2022 | 15.14% |
| Mar 2023 | 17.13% |
| June 2023 | 18.25% |
| Sept 2023 | 18.16% |
| Dec 2023 | 18.03% |
| DII Holding | |
| Dec 2022 | 1.40% |
| Mar 2023 | 1.45% |
| June 2023 | 1.47% |
| Sept 2023 | 1.49% |
| Dec 2023 | 1.50% |
| Public Holding | |
| Dec 2022 | 22.70% |
| Mar 2023 | 24.16% |
| June 2023 | 24.00% |
| Sept 2023 | 24.09% |
| Dec 2023 | 24.10% |
Adani Green Energy Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,058 Cr |
| 2020 | ₹ 2,549 Cr |
| 2021 | ₹ 3,124 Cr |
| 2022 | ₹ 5,133 Cr |
| 2023 | ₹ 9,291 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -475 Cr |
| 2020 | ₹ -68 Cr |
| 2021 | ₹ 182 Cr |
| 2022 | ₹ 489 Cr |
| 2023 | ₹ 1,457 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 12.73 |
| 2020 | 18.45 |
| 2021 | 27.22 |
| 2022 | 43.86 |
| 2023 | 8.99 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 61% |
| 3 Years: | 192% |
| Current Year: | 160% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 10% |
| 3 Years: | 19% |
| Last Year: | 23% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 39% |
| 3 Years: | 45% |
| Current Year: | 40% |
Conclusion
This article is a complete guide about Adani Green Energy Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
