RESEARCH REPORT ONADANI GREEN ENERGY LIMITED

RESEARCH REPORT ONADANI GREEN ENERGY LIMITED

Adani Green Energy Limited (AGEL) is an India-based holding company. The Company is engaged in renewable power generation and other ancillary activities. The Company develops, builds, owns, operates, and maintains utility-scale grid-connected solar power, wind power, hybrid projects, and solar parks. It serves markets by the Company such as Local, State, and National with approximately 91 locations across States in India. The Company power projects are located in Gujarat Punjab, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Its wind power plants are located across Madhya Pradesh and Gujarat. The Company, together with its subsidiaries, sells power generated from these projects under a combination of long-term power purchase agreements (PPA) and on a merchant basis.

COMPANY PROFILE

ADANI GREEN ENERGY LIMITED

Aerial view of Kamuthi Solar Power Project
Company type Public
Traded as
• BSE: 541450
• NSE: ADANIGREEN
ISIN
INE364U01010
Industry Renewable energy
Founded 2015; 9 years ago
Founder Gautam Adani
Headquarters Ahmedabad, Gujarat,
India
Area served India
Key people Vneet S. Jain (Managing Director) and (CEO)
Products • Solar energy
• Wind energy
Revenue ₹10,460 crore (US$1.3 billion)(2024)
Operating income
₹1,628 crore (US$200 million)(2024)
Net income
₹1,260 crore (US$150 million)(2024)
Total assets
₹88,538 crore (US$11 billion)(2024)
Total equity
₹17,448 crore (US$2.1 billion)(2024)
Number of employees 3,324 (including 1727 off-roll) (2024)
Parent
Adani Group (54.92%)
TotalEnergies SE (20%)
Website www.adanigreenenergy.com

 FUNDAMENTALS

 SHAREHOLDING

FINANCIALS

 REVENUE

 NET PROFIT

 EPS

 BVPS

 ROE

 DEBT TO EQUITY

TECHNICAL ANALYSIS

BUY ADANIGREEN MKT 2060 TGT 2500, 3000 SL 1650 (1-3 MONTHS)

RATIO ANALYSIS

Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only.Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.

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