Adani Green turned 1 lakh into 37 lakhs; Stock down by 42%; Should you invest ?
Company Snapshots
- Adani Green Energy Limited (AGEL) is the renewable energy platform of Adani Portfolio.
- The company has one of the world’s largest renewable portfolios.
- The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects.
- It is ranked the 2nd largest Solar PV developer in the world with a total solar capacity of 18.1 GW
Power Generation
| Solar | 11,046 Mn Units |
51% |
| Wind | 3,117 Mn Units |
14% |
| Hybrid (Solar+ Wind) | 7,643 Mn Units |
35% |
Revenue Breakup
- Power Supply: ~84% in FY24 vs 74% in FY22
- Sale of solar power equipment: 14% in FY24 vs 25% in FY22
- Other: 2% in FY24
Fundamental Analysis
Key Ratios
| Market Cap | ₹ 2,80,302 Cr. |
| Current Price | ₹ 1,770 |
| High/Low | ₹ 2,174 / 816 |
| Stock PE | 208 |
| Industry PE | 37.1 |
| ROCE | 9.81% |
| ROE | 17.10% |
| PEG Ratio | 5.77 |
| Debt To Equity | 8.65 |
Financial Trend
Revenue: 5 Year Comparison
- 2020: 2,549 crore
- 2024: 9,220 crore
- 5 Year Percentage change: 261.74 %
Net Profit: 5 Year Comparison
- 2020: 23 Crore (Loss)
- 2024: 1,100 Crore
- 5 Year Percentage change: 4882.61 %
Shareholding Pattern
Change in Shareholding Pattern
| Mar-23 | Jun-24 | 1 Year Change | |
| Promoters | 57.26% | 57.51% | 0.25% |
| FIIs | 17.13% | 16.91% | -0.22% |
| DIIs | 1.45% | 1.46% | 0.01% |
| Public | 24.16% | 24.11% | -0.05% |
Analysis: Promoters have increased their stake by 0.25 % in the June 2024 which is really a good sign it shows that promoters have the faith in the future prospectus of the company.
Stock Price Returns
1 Year Stock Returns
- Adani Green Ltd has given 1 Year returns of 83.12%
- 1 Lakh invested in August 2023 would have become 1.83 Lakhs in August 2024
5 Year Stock Returns
- Adani Green Ltd has given 1 Year returns of 3,623%
- 1 Lakh invested in August 2020 would have become 37.23 Lakhs in August 2024
Stock down by 42%
- In April 2022 company made its all time high of Rs 3,050 & as on today 8 August 2024 stock price is Rs. 1,771
- Stock price is down by 42% from its all time high & this becomes the right opportunity to invest in this company.
Company Valuation
- Current PE- 208
- Median PE- 571 (For 5 years)
- Company is Undervalued: As the Current PE is less than the Median PE so we can say that the Adani Green Ltd is undervalued company. Currently it is trading at half of its Median PE for the 5 years.
Should you Invest ?
- Adani Green Ltd is under the Gautam Adani leadership & Adani Group conglomerate.
- Debt to Equity ratio is 8.65 which is too much for a company. ( generally this ratio is higher on the banking companies)
- Adani Green is consistently increasing its Revenue & Net Profit. 5 Year Percentage change is 261.74 % & 5 Year Percentage change is 4882.61 % which is really impressive that too within 5 years only.
- By looking at the expansion plan so of Adani Green, company’s Revenue & Net Profit will keep on increasing over the next decade as company is into sustainable energy
- As stock price is down by 42% from its all time high & this becomes the right opportunity to invest in this company.
- At the Current Price level of rs. 1,771 you can think of investing in this company as it has massive potential to cross a level of Rs. 3000 soon in the span of next 2 years.
Check Out this- Angel One is down by 45 %; Should you invest ?
Disclaimer
- Money Minded School is not a SEBI registered investment advisor, Please do your own research before investing
- This article is a complete guide about Adani Green Ltd.
- These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
- Also, We have talked in detail about the share’s future prospects and growth potential.
- Hopefully, this information will help you in your further investment.
- If you have any further queries, please comment below. We will be happy to answer all your questions.
- If you like this information, share the article with as many people as possible
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