Adani Green Energy share price
NSE: ADANIGREENBSE: 541450PowerLarge Cap
Adani Green Energy Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 2018
Last close ₹1,307.00up ₹38.00 (2.99%)BSE ₹1,303.70
Share price at the NSE close on 29 Oct 2026. Previous close ₹1,269.00.
29 Oct: open ₹1,269.90, high ₹1,314.00, low ₹1,269.80
52-week range of traded prices to 29 Oct 2026
₹765.00Low, 23 Jan 2026₹1,631.50High, 14 Jul 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹2,15,286 Cr46th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 114.88
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 9.97
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 9.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 3.56
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 18,50,37337.6% delivered
About Adani Green Energy
Adani Green Energy Limited develops, owns and operates large solar, wind and hybrid power plants in India, hybrid meaning solar and wind at one site, and is adding battery and pumped-hydro storage, which stores power by pumping water uphill.1 It sells the power under long-term power purchase agreements, contracts in which a buyer agrees to take power for many years, and on the open market.2
Its plants are spread across 12 states and are monitored in real time from its Energy Network Operations Center in Ahmedabad.3 Khavda in Kutch, Gujarat, where it is developing a renewable energy park on barren land, is the largest contributor to its portfolio.45 Projects are set up by the company or through its subsidiaries.6
It was incorporated in 2015.2 The renewable power business of Adani Enterprises Limited was transferred to it with an appointed date of 1 Apr 2018.78 It acquired SB Energy Holdings Limited of the United Kingdom in the year to Mar 2022, and SB Energy became a wholly owned subsidiary.7
It is part of the Adani Group, whose founder and chairman Gautam S. Adani is its non-executive chairperson, and as of Mar 2026, the S. B. Adani Family Trust, together with entities it controls, had the ability to control the company.9102 Vneet S. Jaain is managing director and Ashish Khanna is chief executive officer.10
Adani Green Energy key points
Results
- In the quarter to Sep 2026, revenue from power supply rose 45% year on year to ₹4,019 crore and EBITDA from power supply (the company's measure: that revenue plus carbon credit income, less most employee and one-off costs) rose 51% to ₹3,835 crore.11
- Adani Green Energy's cash profit, its measure of profit after tax with depreciation, deferred tax and one-off items added back, rose 45% to ₹1,951 crore in the quarter to Sep 2026.12
- In the year to Mar 2026, consolidated revenue from operations was ₹12,928 crore against ₹11,212 crore a year earlier, EBITDA (earnings before interest, tax, depreciation and amortisation) ₹11,659 crore against ₹10,087 crore, and net profit ₹1,987 crore against ₹2,001 crore.13
- On its earnings call of 22 Jul 2026, the company said run-rate EBITDA of its operating plants, what they would earn in a year at the current rate, is about ₹17,000 crore, and expects about ₹21,000 crore by Mar 2027.1415
Market position
- At Mar 2026, the company says, its plants made up about 15% of India's utility-scale solar installations and about 12% of utility-scale solar and wind capacity.16
Plants and capacity
- The company's operational capacity was 20,763 MW (megawatts) at the end of Sep 2026, up 24% after 4,083 MW was added over the year, 621 MW in the quarter; electricity sold in the half year rose 32% to 25,747 million units.17
- Capacity added over the year to Sep 202618
Item year to Sep 2026 Solar 2,957 MW Wind 805 MW Hybrid 321 MW - Battery storage installed at Khavda reached 6,632 MWh (megawatt-hours) at the end of Sep 2026, after 3,081 MWh was added in the quarter.19
- On its earnings call of 22 Jul 2026, the company said curtailment, the grid taking less power than plants can make, cuts its EBITDA by 5% to 7%, and expects none at Khavda by the end of the calendar year.20
Customers and partners
- Largest balances owed for power sold, not yet due, Sep 202621228
Item at Sep 2026 Powerpulse Trading Solutions, a subsidiary of group company Adani Energy Solutions ₹582 crore Solar Energy Corporation of India ₹407 crore Tamil Nadu Generation and Distribution Corporation ₹187 crore - On its earnings call of 22 Jul 2026, the company said planned open-market power, batteries included, is contracted or being contracted to group company Adani Energy Solutions at fixed prices for 25 years (15 for batteries), except power from plants running ahead of their agreements.23248
- In the year to Mar 2026 it signed power purchase agreements for 1,250 MW of pumped-storage capacity with Uttar Pradesh Power Corporation Ltd and 500 MW with Assam Power Distribution Company Limited.25
Expansion and capital spending
- In its presentation of 21 Oct 2026, the company said it aims for over 50 GW of capacity by 2030, including 5 GW (30 GWh, gigawatt-hours) of pumped storage and 50 GWh of battery storage.26
- In its presentation of 21 Oct 2026, the company said it plans 30 GW at Khavda, a site of 538 square kilometres in Gujarat, by 2029.27
- The company stated in its annual report for the year to Mar 2026 that its first pumped-storage project, 500 MW at Chitravathi in Andhra Pradesh, is scheduled to be operational by the year to Mar 2027.25
- On its earnings call of 22 Jul 2026, the company said it expects capital spending of about ₹42,000 crore in the year to Mar 2027, for about 5 GW of renewable capacity and more battery storage.28
Debt and funding
- Net debt (borrowings other than unsecured loans from related parties, plus supplier credit, less cash, bank balances, deposits and current investments) was ₹78,656 crore on operating plants and ₹24,317 crore on plants under construction at the end of Sep 2026.2930
- The company's capital spending was ₹17,160 crore in the half year to Sep 2026, up 38% from a year earlier, and ₹30,365 crore in the year to Mar 2026, up 7%.31
Recent events
- On 8 Apr 2026, its UAE subsidiary signed a joint venture agreement with Minerva Holding RSC, owned by EPointZero of International Holding Company, to develop renewable projects in India, investing for up to a 20% interest.3233
- On 29 Jan 2026, Japan Credit Rating Agency assigned the company a long-term issuer rating of BBB+ with a stable outlook.34
Litigation and regulatory matters
- On 22 Sep 2026, the company disclosed a settlement order from SEBI, the market regulator, over an alleged violation of Regulation 33(1)(d) of SEBI's listing regulations, settled for ₹45,50,000 without admitting or denying the findings.3536
- As of its annual report of 30 May 2026, its auditors noted US Department of Justice and Securities and Exchange Commission proceedings against certain directors, not the company, which were pending; its documents give no later outcome.37
Last updated
All 37 sources, each with its page
- 1. Annual report, 30 May 2026, page 117
- 2. Annual report, 30 May 2026, page 182
- 3. Investor presentation, 21 Oct 2026, page 18
- 4. Annual report, 30 May 2026, page 11
- 5. Annual report, 30 May 2026, page 30
- 6. Annual report, 30 May 2026, page 334
- 7. Annual report, 30 May 2026, page 287
- 8. Investor presentation, 21 Oct 2026, page 6
- 9. Annual report, 30 May 2026, page 121
- 10. Annual report, 30 May 2026, page 105
- 11. Investor presentation, 21 Oct 2026, page 14
- 12. Investor presentation, 21 Oct 2026, page 14
- 13. Annual report, 30 May 2026, page 106
- 14. Earnings call, 22 Jul 2026, page 6
- 15. Earnings call, 22 Jul 2026, page 7
- 16. Annual report, 30 May 2026, page 29
- 17. Investor presentation, 21 Oct 2026, page 14
- 18. Investor presentation, 21 Oct 2026, page 15
- 19. Investor presentation, 21 Oct 2026, page 14
- 20. Earnings call, 22 Jul 2026, page 4
- 21. Investor presentation, 21 Oct 2026, page 30
- 22. Investor presentation, 21 Oct 2026, page 47
- 23. Earnings call, 22 Jul 2026, page 4
- 24. Earnings call, 22 Jul 2026, page 5
- 25. Annual report, 30 May 2026, page 117
- 26. Investor presentation, 21 Oct 2026, page 28
- 27. Investor presentation, 21 Oct 2026, page 16
- 28. Earnings call, 22 Jul 2026, page 8
- 29. Investor presentation, 21 Oct 2026, page 11
- 30. Investor presentation, 21 Oct 2026, page 21
- 31. Investor presentation, 21 Oct 2026, page 11
- 32. Exchange filing, 9 Apr 2026, page 1
- 33. Exchange filing, 9 Apr 2026, page 2
- 34. Exchange filing, 29 Jan 2026, page 1
- 35. Exchange filing, 22 Sep 2026, page 1
- 36. Exchange filing, 22 Sep 2026, page 2
- 37. Annual report, 30 May 2026, page 173
Results
Consolidated; ₹ crore.Adani Green Energy quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −7.1%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,258 Crdown 3.90%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹747 Crdown 24.01%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 17.5%
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹11,212 Cr, differs from its quarters added, ₹11,327 Cr.
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,365 | 3,073 | 3,800 | 3,008 | 2,618 | 3,502 | 4,431 | 4,258 |
| Net profit | 474 | 383 | 824 | 644 | 5 | 514 | 983 | 747 |
| Net margin | 20.0% | 12.5% | 21.7% | 21.4% | 0.2% | 14.7% | 22.2% | 17.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,928 Crup 15.31%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,987 Crdown 0.70%
- Net margin
- 15.4%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 2 of the 8 years shown
The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹11,212 Cr, differs from its quarters added, ₹11,327 Cr.
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,058 | 2,549 | 3,124 | 5,133 | 7,792 | 9,220 | 11,212 | 12,928 |
| Net profit | −475 | −68 | 182 | 489 | 973 | 1,260 | 2,001 | 1,987 |
| Net margin | −23.1% | −2.7% | 5.8% | 9.5% | 12.5% | 13.7% | 17.8% | 15.4% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Renewable power generation and other related ancillary activitiesRenewable power generation and other related ancillary activities, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12,227 Crup 26.57%85.9%
- Sale of Goods / Equipments and Related ServicesSale of Goods / Equipments and Related Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,007 Crdown 30.51%14.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Adani Green Energy PE ratio and valuation
Price to earnings
At or below today's level on 57% of 682 trading days over the last 3 years.
LowestHighest
Its median108.02Industry median19.87
Price to book
At or below today's level on 19% of 1,979 trading days since Nov 2018.
LowestHighest
Its median20.93Industry median1.48
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −14.9% | +10.0% | −22.7% | 0.0% |
| 3 years | −2.9% | +17.7% | −17.5% | 0.0% |
| 5 years | −6.1% | +49.5% | −37.2% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021, Mar 2023, Mar 2025 and Mar 2026.
Mutual fund holdings
176 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 124 of the 128 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 176 funds holding Adani Green Energy
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 67
- CutCut. Funds that held fewer shares than at the end of the month before.
- 61
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 41
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 quant Small Cap Fundquant Mutual Fund | 72,75,840 | 2.61% | ₹929.9 Cr |
| quant ELSS Tax Saver Fundquant Mutual Fund | 49,03,757 | 4.78% | ₹626.7 Cr |
 HDFC Focused FundHDFC Mutual Fund | 48,96,527 | 2.36% | ₹625.8 Cr |
 SBI Arbitrage FundSBI Mutual Fund | 35,75,400 | 0.99% | ₹456.9 Cr |
 Kotak Arbitrage FundKotak Mahindra Mutual Fund | 33,91,200 | 0.58% | ₹433.4 Cr |
| quant Multi Asset Allocation Fundquant Mutual Fund | 31,81,116 | 6.15% | ₹406.5 Cr |
 ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 27,06,000 | 0.97% | ₹345.8 Cr |
| quant Large Cap Fundquant Mutual Fund | 24,33,485 | 8.48% | ₹311.0 Cr |
| quant Multi Cap Fundquant Mutual Fund | 22,69,622 | 3.87% | ₹290.1 Cr |
| quant Flexi Cap Fundquant Mutual Fund | 20,98,562 | 3.67% | ₹268.2 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Adani Green Energy insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Adani Green Energy competitors and peers
Power Generation, 36 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Adani Green Energy in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Adani PowerADANIPOWER | 3,68,723 | 20.24 | 4.80 | +17.2% | +51.4% | 27.0% | 14.6% | 0.00% |
 NTPCNTPC | 3,01,081 | 10.84 | 1.48 | +2.4% | +15.9% | 14.3% | 8.1% | 2.90% |
 JSW EnergyJSWENERGY | 93,508 | 40.33 | 2.55 | +26.4% | +14.6% | 7.0% | 6.0% | 0.39% |
 NHPCNHPC | 77,548 | 20.43 | 1.87 | +12.0% | +24.1% | 9.4% | 3.6% | 2.09% |
 NTPC Green EnergyNTPCGREEN | 70,722 | 116.52 | 3.73 | – | – | 3.2% | 3.4% | 0.00% |
 NLC IndiaNLCINDIA | 32,967 | – | 1.53 | +16.8% | – | – | 6.8% | 1.62% |
 Acme Solar HoldingsACMESOLAR | 29,392 | 38.84 | 3.51 | +53.7% | – | 11.5% | 5.3% | 0.05% |
 SJVNSJVN | 20,592 | 32.21 | 1.45 | +60.5% | −7.4% | 4.5% | 5.1% | 2.86% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Adani Green Energy announcements
Oct 2026
26 Oct · Analysts
21 Oct · Results
10 Oct · Updates
10 Oct · Analysts
10 Oct · Board meeting
Adani Green Energy share price by year
Each calendar year to 2025.Adani Green Energy share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,015.10 | −2.5% | 1,152.15 | 768.55 |
| 2024 | 1,040.70 | −34.8% | 2,070.55 | 898.55 |
| 2023 | 1,597.00 | −17.3% | 2,166.15 | 462.20 |
| 2022 | 1,931.80 | +45.2% | 2,970.50 | 1,346.90 |
| 2021 | 1,330.25 | +26.4% | 1,439.25 | 876.15 |
| 2020 | 1,052.60 | +532.4% | 1,205.15 | 117.70 |
| 2019 | 166.45 | +297.7% | 166.45 | 30.25 |
| 2018 | 41.85 | – | 73.30 | 25.20 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 18 Jun 2018.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,280.40 | 1,288.00 | 1,265.40 | 1,269.00 | 1,274.51 | 13,57,380 | 44.5% |
| 27 Oct 2026 | 1,248.00 | 1,289.00 | 1,240.70 | 1,289.00 | 1,264.91 | 16,24,511 | 38.9% |
| 26 Oct 2026 | 1,185.10 | 1,250.00 | 1,175.00 | 1,250.00 | 1,222.25 | 20,68,809 | 37.0% |
| 23 Oct 2026 | 1,247.80 | 1,247.80 | 1,171.00 | 1,185.10 | 1,195.99 | 29,75,692 | 34.9% |
| 22 Oct 2026 | 1,254.00 | 1,263.40 | 1,210.70 | 1,250.00 | 1,243.52 | 16,89,488 | 11.3% |
| 21 Oct 2026 | 1,295.20 | 1,302.00 | 1,244.80 | 1,258.50 | 1,267.55 | 17,13,782 | 17.3% |
| 19 Oct 2026 | 1,304.40 | 1,319.20 | 1,291.00 | 1,295.20 | 1,303.50 | 9,65,167 | 30.7% |
| 16 Oct 2026 | 1,311.60 | 1,317.50 | 1,298.10 | 1,302.00 | 1,307.79 | 9,56,100 | 34.6% |
| 15 Oct 2026 | 1,319.00 | 1,320.00 | 1,300.50 | 1,307.10 | 1,308.68 | 9,62,137 | 28.1% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Offer for sale history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Jan 2023 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- NSE symbol
- ADANIGREEN
- BSE code
- 541450
- ISIN
- INE364U01010
- Industry
- Power
- Website
- www.adanigreenenergy.com
- CIN
- L40106GJ2015PLC082007
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2015
- Registered office
- Adani Corporate House, Shantigram, Near Vaishnav Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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