Adani Green Energy Ltd (NSE: ADANIGREEN) Share: Adani Green Energy is an affiliate of the nation’s largest renewable energy firm Adani Green Energy, and has begun solar power projects with capacities in the range of 448.95 MW situated in Khavra, Gujarat.
The company announced in its report to the stock exchange that according to the information released on the 14th of February, 2024 solar power projects with a capability of a total of 1,000 MW were installed in Khavra. The shares of the company climbed by 0.12% to the price of 1,943.
Adani Green Energy Twenty-Four B Limited and Adani Green Energy Twenty-Four A Limited both of which are affiliates of Adani Green Energy Limited (AGEL) were awarded solar power projects totalling 448.95 milliwatts. These projects are located in Khavra.
Following the commissioning of these facilities with the commissioning of these plants, the total capacity of renewable energy generation at AGEN has risen to 9,478 MW. This company is working towards a goal of 45,000 MW capacity in 2030.
In the report released to the media on Feb 14, 2024, the company stated that its units Adani Green Energy Twenty-Four A and Adani Green Energy Twenty-Four B have commissioned 551 MW energy-generating solar plants in Khawra.
Condition Of Shares
Adani Green Energy shares have risen 90% in the last six months. The stock has increased by 230% over the year. In 2000, the value of this share was more than 589 rupees.
Its 52-week highest price is Rs 2,016 while its 52-week low is 590.10. The market capitalization for the firm is 3,08,403.20 crore
About Adani Green Energy Ltd Company
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 | ₹ 3,08,474 Cr. |
| Current Price | ₹ 1,943 |
| 52-wk High | ₹ 2,019 |
| 52-wk Low | ₹ 619 |
| Stock P/E | 188 |
| Book Value | ₹ 50.1 |
| Dividend | 0.00 % |
| ROCE | 7.81 % |
| ROE | 22.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 38.9 |
| OPM | 83.0 % |
| EPS | ₹ 9.20 |
| Debt | ₹ 57,378 Cr. |
| Debt to Equity | 7.23 |
Adani Green Energy Ltd 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 | 56.26% |
| 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 better understand 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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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