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Adani Green Energy (ADANIGREEN) | Financial Analysis & Statements

Adani Green Energy Limited | Large-cap | Utilities

₹941.65

2.63%

Adani Green Energy vs NTPC Green Energy Adani Green Energy vs NHPC Adani Green Energy vs SJVN Adani Green Energy vs Acme Solar Holdings Adani Green Energy vs Waaree Renewable Adani Green Energy vs NIFTY 50 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 38.0B

Gross Profit 33.8B 88.92%

Operating Income 22.8B 59.87%

Net Income 8.2B 21.68%

EPS (Diluted) ₹4.26

Balance Sheet Metrics

Total Assets 1.1T

Total Liabilities 888.2B

Shareholders Equity 225.7B

Debt to Equity 3.94

Cash Flow Metrics

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Adani Green Energy Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	112.1B	92.2B	77.8B	51.3B	31.2B
Cost of Goods Sold i	18.4B	15.4B	20.1B	14.6B	7.2B
Gross Profit i	93.7B	76.8B	57.6B	36.8B	24.0B
Gross Margin % i	83.6%	83.3%	74.1%	71.6%	77.0%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	1.9B	1.8B	1.1B	810.0M	740.0M
Other Operating Expenses i	1.4B	750.0M	650.0M	370.0M	410.0M
Total Operating Expenses i	3.3B	2.5B	1.8B	1.2B	1.2B
Operating Income i	64.1B	54.4B	42.4B	26.7B	17.6B
Operating Margin % i	57.1%	59.0%	54.6%	52.0%	56.4%
Non-Operating Items
Interest Income i	7.9B	9.2B	6.1B	3.7B	3.7B
Interest Expense i	48.4B	41.9B	26.4B	21.8B	15.3B
Other Non-Operating Income	-	-	-	-	-
Pre-tax Income i	22.2B	16.7B	14.3B	5.5B	1.9B
Income Tax i	2.1B	4.1B	4.5B	640.0M	110.0M
Effective Tax Rate % i	9.7%	24.6%	31.8%	11.6%	5.7%
Net Income i	20.0B	12.6B	9.7B	4.9B	1.8B
Net Margin % i	17.8%	13.7%	12.5%	9.5%	5.8%
Key Metrics
EBITDA i	94.4B	84.3B	50.5B	36.7B	28.3B
EPS (Basic) i	₹8.37	₹6.21	₹5.41	₹2.41	₹0.68
EPS (Diluted) i	₹8.37	₹6.20	₹5.41	₹2.41	₹0.68
Basic Shares Outstanding i	1584032478	1584032478	1581783858	1564014280	1564014280
Diluted Shares Outstanding i	1584032478	1584032478	1581783858	1564014280	1564014280

Income Statement Trend

Adani Green Energy Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	22.1B	16.1B	10.0B	5.7B	1.8B
Short-term Investments i	23.8B	25.4B	16.4B	9.2B	4.9B
Accounts Receivable i	8.1B	6.8B	15.8B	12.0B	12.0B
Inventory i	1.0B	2.9B	520.0M	170.0M	290.0M
Other Current Assets	30.0M	30.0M	30.0M	11.2B	5.0B
Total Current Assets i	86.2B	138.6B	78.1B	55.1B	35.5B
Non-Current Assets
Property, Plant & Equipment i	798.2B	622.0B	0	283.7B	163.5B
Goodwill i	950.0M	960.0M	820.0M	860.0M	840.0M
Intangible Assets i	890.0M	900.0M	760.0M	800.0M	780.0M
Long-term Investments	770.0M	1.3B	8.5B	3.2B	50.0M
Other Non-Current Assets	430.0M	610.0M	670.0M	830.0M	660.0M
Total Non-Current Assets i	1.0T	746.8B	595.5B	536.6B	251.7B
Total Assets i	1.1T	885.4B	673.6B	591.7B	287.2B
Liabilities
Current Liabilities
Accounts Payable i	8.1B	5.8B	5.7B	2.4B	2.4B
Short-term Debt i	108.5B	226.9B	43.2B	95.3B	41.6B
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	1.6B	1.4B	850.0M	1.3B	660.0M
Total Current Liabilities i	168.9B	268.1B	84.4B	115.1B	58.0B
Non-Current Liabilities
Long-term Debt i	691.9B	421.7B	499.1B	433.0B	200.5B
Deferred Tax Liabilities i	11.3B	8.9B	4.5B	2.1B	290.0M
Other Non-Current Liabilities	11.8B	8.8B	-10.0M	9.0B	5.6B
Total Non-Current Liabilities i	719.4B	442.8B	515.7B	450.4B	208.0B
Total Liabilities i	888.2B	710.9B	600.1B	565.5B	266.0B
Equity
Common Stock i	15.8B	15.8B	15.8B	15.6B	15.6B
Retained Earnings i	30.3B	7.8B	5.8B	-3.1B	-7.2B
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	225.7B	174.5B	73.5B	26.1B	21.3B
Key Metrics
Total Debt i	800.4B	648.6B	542.2B	528.3B	242.1B
Working Capital i	-82.7B	-129.5B	-6.4B	-60.1B	-22.5B

Balance Sheet Composition

Adani Green Energy Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	17.7B	13.8B	13.7B	5.5B	1.9B
Depreciation & Amortization i	-	-	-	-	-
Stock-Based Compensation i	-	-	-	-	-
Working Capital Changes i	-6.0B	2.9B	13.6B	-2.6B	-5.3B
Operating Cash Flow i	55.1B	57.6B	50.5B	24.6B	13.0B
Investing Activities
Capital Expenditures i	150.0M	730.0M	380.0M	40.0M	130.0M
Acquisitions i	-	0	0	-56.2B	-5.2B
Investment Purchases i	-6.3B	-740.0M	-4.8B	-2.1B	-11.0B
Investment Sales i	-	840.0M	-	3.8B	-
Investing Cash Flow i	42.9B	-61.1B	-12.0B	-50.6B	-27.0B
Financing Activities
Share Repurchases i	-	-	-	-	-
Dividends Paid i	-	-	-	-	-
Debt Issuance i	410.0B	303.9B	208.4B	296.9B	79.4B
Debt Repayment i	-250.2B	-169.2B	-160.3B	-139.2B	-22.9B
Financing Cash Flow i	178.9B	187.7B	23.5B	192.4B	87.0B
Free Cash Flow i	-164.1B	-80.6B	38.9B	-117.3B	-45.4B
Net Change in Cash i	276.9B	184.1B	62.0B	166.4B	73.0B

Cash Flow Trend

Adani Green Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 91.75

Forward P/E 35.85

Price to Book 13.57

Price to Sales 12.23

PEG Ratio 1.48

Profitability Ratios

Profit Margin 13.85%

Operating Margin 59.87%

Return on Equity 5.88%

Return on Assets 1.19%

Financial Health

Current Ratio 0.51

Debt to Equity 354.58

Beta 0.87

Per Share Data

EPS (TTM) ₹10.00

Book Value per Share ₹67.63

Revenue per Share ₹78.28

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
adanigreen	1.5T	91.75	13.57	5.88%	13.85%	354.58
NTPC Green Energy	849.4B	150.45	4.55	2.57%	24.11%	104.90
NHPC	826.9B	30.95	2.08	6.66%	27.94%	92.05
SJVN	361.4B	52.55	2.55	5.78%	22.13%	190.46
Acme Solar Holdings	167.3B	43.89	3.52	5.59%	20.97%	243.40
Waaree Renewable	104.0B	36.23	22.82	50.37%	14.62%	6.02

Financial data is updated regularly. All figures are in the company's reporting currency.