AnnualReportAI — Business Intelligence
Financial & Valuation Intelligence™

Adani Green Energy Limited

NSE
ADANIGREEN
Sector: Power· Power Generation
Current Price
₹1,181.4
Market Cap
₹2.06 L Cr
AI Financial Summary

Adani Green Energy exhibits exceptional top-line and profit growth, supported by aggressive capacity expansion in the renewable sector. However, the company faces significant structural challenges including high financial leverage, thin interest coverage, and substantial negative free cash flow due to heavy capital expenditure requirements.

Business Performance (CAGR)

10 Years
Revenue
43.5%
PAT
51.1%
EPS
49.5%
Book Value
32.8%
Free Cash Flow
149.4%

Valuation Snapshot

P/E80.5
P/B6.7
EV/EBITDA28.4
P/S15.9
Div Yield—

Financial Health

Debt to Equity5.19
Interest Coverage1.3x
Current Ratio0.26
Cash & Investments₹5.75K Cr

Profitability Metrics

ROE
8.3%
ROCE
6.9%
ROA
1.2%
EBITDA Mgn
83.4%
Op Margin
65.6%
Net Margin
12.8%

Cash Flow Intelligence

Operating Cash Flow₹10.13K Cr
Free Cash Flow₹-20.01K Cr
Cash Conversion613.5%
FCF Margin-154.8%

Intrinsic Value

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Estimated Intrinsic Value
████████
Current Price₹1,181.4
Margin of Safety██.██%
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Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.

AI Business Verdict

Adani Green Energy is a high-growth, high-leverage entity suitable for a long-term strategy focused on infrastructure capacity expansion, though its financial risk profile requires close monitoring.

  • Rapid revenue and EPS growth trajectory.
  • High operating margins in core power generation.
  • Leading position in the renewable energy market.

Balance Sheet

AI-Powered Analysis
Balance Sheet Strength™
57/100
Adequate

Adani Green Energy Limited has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.

AI Confidence
92%
Stability
51
Flexibility
44
Strength Factors
Liquidity42
Leverage40
Working Capital68
Asset Quality55
Shareholder Strength100
Financial Stability51
Financial Flexibility™
44/100
Weak

Capacity to fund growth, withstand downturns and return capital.

Total Assets
₹1.43 L Cr
▲ 33.3% YoY
Total Liabilities
₹1.23 L Cr
▲ 29.4% YoY
Shareholder Equity
₹19.96K Cr
▲ 64.5% YoY
Net Cash Position
₹-97.80K Cr
Monitor
Debt / Equity
5.19x
Elevated
Enterprise Value
₹3.03 L Cr
Capital Structure
Assets
₹1.43 L Cr
Equity
₹19.96K Cr (14.0%)
Liabilities
₹1.23 L Cr (86.0%)
Debt Intelligence™
Debt vs Cash Trend
Debt / Equity5.19x
Interest Coverage1.3x
Debt / EBITDA62.68x
Net Debt₹97.80K Cr
Debt Trend (5Y)88.5%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio0.26
Quick Ratio0.25
Cash Ratio0.02
Working Capital₹-14.45K Cr
Operating Cash CoverageWeak
Short-term LiquidityWeak
Working Capital Intelligence™
CCC Trend
Receivable Days60
Inventory Days4
Payable DaysNot Available
Cash Conversion Cycle64 days
Asset Quality (% of Total Assets)
Cash & Investments1.9%
Property, Plant & Equip.71.4%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets15.3%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)32.8%
Net Worth CAGR (5Y)36.6%
Retained EarningsExcellent
Equity Dilution0.00%
Buyback EfficiencyAdequate
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskHigh
Liquidity RiskHigh
Working Capital RiskModerate
Refinancing RiskHigh
Asset Quality RiskElevated
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown50
Acquisition Capacity43
High Interest Rates40
Dividend Sustainability72
Revenue Decline43
Cash Flow Resilience47
Expansion Capacity66
Overall Resilience Score
52/100
Fragile — Review Risks
AI Balance Sheet Commentary
Overall Assessment
  • Adani Green Energy Limited has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.
What Stands Out
  • Strong shareholder equity growth
Areas To Monitor
  • Elevated debt-to-equity ratio
  • Thin interest coverage — cyclical earnings risk
  • Tight short-term liquidity cushion
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026