ट्रेंडिंग न्यूज़

This Renewable Energy Share Target 45,000 MW Production By 2030; Share Target

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.

Secrets Tips

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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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 provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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