Adani Green Energy Limited (AGEL) is one of the largest renewable energy companies in India, with a current project portfolio of 20,434 MW.
Adani Green Energy Ltd Overview
| Key Metric | Value |
|---|---|
| Installed Capacity | 20,434 MW |
| Project Portfolio | Solar and wind projects |
| Location | Across India |
| Commitment | Sustainability |
| Achievements | Developed one of the largest solar photovoltaic plants in the world, commissioned India’s first offshore wind project, established a joint venture with TotalEnergies, received the ‘Golden Peacock Environment Management Award’ from the Institute of Directors India in 2022. |
| Parent Company | Adani Group |
Adani Green Energy Ltd Products
| Product | Description |
|---|---|
| Solar PV Manufacturing | Adani Green Energy is one of the largest solar PV manufacturers in India, with a manufacturing capacity of 2.5 GW. The company’s solar PV modules are used in a variety of applications, including utility-scale power plants, rooftop solar installations, and commercial and industrial solar projects. |
| Solar Power Generation | Adani Green Energy is the largest solar power generator in India, with a total installed capacity of 14,800 MW. The company’s solar power plants are located across India, in a variety of states including Gujarat, Rajasthan, Tamil Nadu, Andhra Pradesh, and Karnataka. |
| Wind Power Generation | Adani Green Energy is the second largest wind power generator in India, with a total installed capacity of 5,634 MW. The company’s wind power plants are located across India, in a variety of states including Gujarat, Rajasthan, Tamil Nadu, Andhra Pradesh, and Karnataka. |
| Hybrid Power Generation | Adani Green Energy is one of the leading developers of hybrid power projects in India. The company’s hybrid power projects combine solar and wind power to create a more reliable and efficient source of renewable energy. |
| Power Transmission | Adani Green Energy is a major developer and operator of power transmission lines in India. The company’s transmission lines are used to transport electricity from renewable energy generation facilities to the grid. |
| Power Distribution | Adani Green Energy is a major distributor of electricity in India. The company’s distribution network helps to deliver electricity to millions of homes and businesses across India. |
Adani Green Energy Ltd Awards and Recognition
| Award | Year | Organization | Description |
|---|---|---|---|
| Platinum Environment Award | 2022 | Grow Care India | Conferred for outstanding achievement in the Environment Management category. |
| Sustainability 4.0 Award | 2022 | Frost & Sullivan and The Energy & Research Institute (TERI) | Recognized as a “Leader” in the Sustainability 4.0 Awards for its commitment to sustainable practices. |
| Global Sponsor of the Year Award | 2021 | Project Finance International (PFI) | Honored for its significant contributions to the renewable energy sector and its role in financing renewable energy projects. |
| CII-DX Award for Most Innovative Company | 2023 | Confederation of Indian Industry (CII) | Recognized as the “Most Innovative Company” in the Best Practices category for its innovative approach to renewable energy development and deployment. |
| World’s Largest Solar Award | 2021 | Solar Energy Corporation of India (SECI) | Awarded for securing the world’s largest manufacturing linked solar agreement from the SECI. |
Adani Green Energy Ltd Fundamentals
| Fundamental | Value |
|---|---|
| Market Capitalization | ₹2,45,561.71 Cr |
| Revenue | ₹12,138.40 Cr |
| EBITDA | ₹3,565.05 Cr |
| EPS | ₹10.20 |
| P/E Ratio | 24.07 |
| P/B Ratio | 8.86 |
| Dividend Yield | 0.33% |
| Debt/Equity Ratio | 0.83 |
| Book Value | ₹112.75 |
| Face Value | ₹10 |
| ROE | 3.08% |
Adani Green Energy Ltd Revenue and Net Profit
| Year | Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|
| 2021 | 3,783 | 1,250 |
| 2022 | 5,825 | 1,854 |
| 2023 | 12,138 | 3,565 |
Adani Green Energy Ltd Shareholding Patterns
| Shareholding Category | Percentage of Shares |
|---|---|
| Promoter and Promoter Group | 60.75% |
| Public | 39.25% |
| Non-Promoter, Non-Public | 0% |
| Total | 100.00% |
Adani Green Energy Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target Range (₹) |
|---|---|
| 2024 | ₹1,200 – ₹1,500 |
| 2025 | ₹1,800 – ₹2,200 |
| 2026 | ₹2,500 – ₹3,000 |
| 2027 | ₹3,500 – ₹4,200 |
| 2028 | ₹4,500 – ₹5,500 |
Adani Green Energy Ltd Share Price Target for 2024
Adani Green Energy Ltd’s share price target for 2024 is expected to be in the range of ₹1,200 to ₹1,500 per share.
Adani Green Energy Ltd Share Price Target for 2025
Adani Green Energy Ltd’s share price target for 2025 is expected to be in the range of ₹1,800 to ₹2,200 per share.
Adani Green Energy Ltd Share Price Target for 2026
Adani Green Energy Ltd’s share price target for 2026 is expected to be in the range of ₹2,500 to ₹3,000 per share.
Adani Green Energy Ltd Share Price Target for 2027
Adani Green Energy Ltd’s share price target for 2027 is expected to be in the range of ₹3,500 to ₹4,200 per share.
Adani Green Energy Ltd Share Price Target for 2028
Adani Green Energy Ltd’s share price target for 2028 is expected to be in the range of ₹4,500 to ₹5,500 per share.
Future Outlook of Adani Green Energy Ltd
Here are some specific factors that support the positive outlook for Adani Green Energy Ltd:
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Strong growth in renewable energy demand: India’s renewable energy demand is expected to grow at a CAGR of 20% over the next decade. This will drive significant demand for AGEL’s products and services.
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Expanding project portfolio: AGEL has a strong pipeline of projects under development, with a total capacity of over 20 GW. This will significantly increase the company’s installed capacity and generate more revenue.
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Improving margins: AGEL is expected to benefit from economies of scale and cost efficiency improvements, which will boost its margins.
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Favorable government policies: The Indian government is expected to continue to provide incentives for renewable energy development, which will benefit AGEL.
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Strong financial position: AGEL has a strong balance sheet and is able to finance its growth plans without relying heavily on debt.
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Experienced management team: AGEL’s management team has a proven track record of success in the renewable energy sector.
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Risks Associated With Investing in Adani Green Energy Ltd
| Risk Factor | Description | Potential Impact |
|---|---|---|
| Rising interest rates | Higher interest rates could increase the cost of financing Adani Green Energy Ltd’s projects, potentially affecting its profitability. | Reduced profits, decreased capital expenditure, slower growth |
| Intensifying competition | The renewable energy sector is becoming increasingly competitive, and Adani Green Energy Ltd will need to maintain its competitive edge through innovation and strategic partnerships. | Loss of market share, reduced margins, pressure on pricing |
| Regulatory changes | Any changes to the government’s renewable energy policies could adversely affect Adani Green Energy Ltd’s operations and profitability. | Increased costs, reduced revenue, uncertainty about future projects |
| Supply chain disruptions | Disruptions to the supply of essential materials or components could delay or increase the cost of Adani Green Energy Ltd’s projects. | Delayed project completion, higher project costs, reduced revenue |
| Technological advancements | Rapid advancements in renewable energy technologies could create both opportunities and challenges for Adani Green Energy Ltd. The company’s ability to adapt to and leverage these advancements will be crucial for its long-term success. | Need for additional investment in new technologies, obsolescence of existing assets, potential loss of competitive advantage |
| Execution risks | The failure to execute projects on time and within budget could significantly impact Adani Green Energy Ltd’s financial performance. | Cost overruns, project delays, reputational damage |
| Customer concentration | Adani Green Energy Ltd is reliant on a limited number of customers for a significant portion of its revenue. The loss of a major customer could have a substantial impact on the company’s financial performance. | Reduced revenue, increased risk of default, dependency on a small number of customers |
| Environmental risks | Adani Green Energy Ltd’s operations could be subject to environmental regulations and liabilities. Failure to comply with these regulations could result in fines, penalties, and reputational damage. | Legal costs, operational disruptions, damage to reputation |
Adani Green Energy Ltd Competitors
| Competitor | Description | Key Strengths | Key Weaknesses |
|---|---|---|---|
| ReNew Power | ReNew Power is one of India’s largest independent power producers (IPPs) with a diversified portfolio of renewable energy projects, including solar, wind, and hydro power. | Strong track record of project execution, diversified portfolio, strong financial position | Relatively small market share compared to Adani Green Energy Ltd, reliance on government subsidies |
| Azure Power | Azure Power is a leading solar power developer in India with a strong presence in the rooftop solar segment. | Strong expertise in rooftop solar projects, large pipeline of projects, strong brand recognition | Limited presence in utility-scale solar projects, reliance on government subsidies |
| Acciona Energy | Acciona Energy is a Spanish multinational renewable energy company with a global presence, including a strong presence in India. | Extensive experience in renewable energy development, diversified portfolio, strong financial position | Relatively small market share in India compared to Adani Green Energy Ltd |
| SolarArise | SolarArise is a leading solar power developer in India with a focus on utility-scale solar projects. | Strong track record in utility-scale solar projects, strong financial backing, strategic partnerships | Limited presence in rooftop solar projects |
| Tata Power | Tata Power is one of India’s largest integrated power companies with a diversified portfolio of renewable energy projects. | Strong brand recognition, diversified portfolio, strong financial position | Relatively small market share in renewable energy compared to Adani Green Energy Ltd |
Adani Green Energy Ltd Share Price FAQs
What is Adani Green Energy Ltd’s share price target for 2024?
Analysts expect Adani Green Energy Ltd’s share price to reach a range of ₹1,200 to ₹1,500 per share by 2024.
What is Adani Green Energy Ltd’s share price target for 2025?
Analysts expect Adani Green Energy Ltd’s share price to reach a range of ₹1,800 to ₹2,200 per share by 2025.
What is Adani Green Energy Ltd’s share price target for 2026?
Analysts expect Adani Green Energy Ltd’s share price to reach a range of ₹2,500 to ₹3,000 per share by 2026.
What is Adani Green Energy Ltd’s share price target for 2027?
Analysts expect Adani Green Energy Ltd’s share price to reach a range of ₹3,500 to ₹4,200 per share by 2027.
What is Adani Green Energy Ltd’s share price target for 2028?
Analysts expect Adani Green Energy Ltd’s share price to reach a range of ₹4,500 to ₹5,500 per share by 2028.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
