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Adani Green Share Price Target 2024, 2025-2030

Adani Green Share Price

Adani Green Energy Ltd (AGEL), which was founded in 2015, is the renewable energy firm in India that is expanding the fastest and plays a significant part in the development of wind and solar projects in the nation. With a startling 5,410 MW of operational projects and 15,024 MW of projects under development, its subsidiary Adani Green Energy Ltd. will need to undertake a substantial amount of work in the next ten years, which is most likely India’s decade, to meet the demands of the nation’s growing renewable energy infrastructure. This would significantly raise the Adani green share price target 2024 in the long run.

Adani Green Share Price Target 2024

Month (2024) Maximum Target Minimum Target
January Rs. 1938.28 Rs. 1037.03
February Rs. 2177.84 Rs. 1814.87
March Rs. 2292.47 Rs. 1863.79
April Rs. 2084.06 Rs. 1603.12
May Rs. 1736.72 Rs. 1335.94
June Rs. 2084.06 Rs. 1603.12
July Rs. 1771.45 Rs. 1373.22
August Rs. 1948.60 Rs. 1546.51
September Rs. 2046.03 Rs. 1573.87
October Rs. 2407.09 Rs. 1851.61
November Rs. 2527.45 Rs. 1944.19
December Rs. 2577.99 Rs. 1983.07

Adani green share price target 2024 is expected to continue on a positive trajectory as the company’s share price is predicted to reach a maximum of Rs 1938.28 in 2024.

Adani Green Share Price Target 2025

Month (2025) Maximum Target Minimum Target
January Rs. 2629.55 Rs. 2022.73
February Rs. 2767.95 Rs. 2129.19
March Rs. 2906.35 Rs. 2235.65
April Rs. 2594.95 Rs. 1996.12
May Rs. 2359.05 Rs. 1814.65
June Rs. 2594.95 Rs. 1996.12
July Rs. 2471.39 Rs. 1901.07
August Rs. 2574.36 Rs. 1980.28
September Rs. 2703.08 Rs. 2079.29
October Rs. 2865.26 Rs. 2204.05
November Rs. 3065.83 Rs. 2358.33
December Rs. 3127.15 Rs. 2405.50

AGEL is expected to continue on its positive trajectory in the year 2025 as the Adani Green Share Price target would reach Rs 2629.55 and would instill more faith in investors to invest in its renewable energy stock.

Adani Green Share Price Target (2026 – 2030)

Year Maximum Target Minimum Target
2026 Rs. 2189.00 Rs. 1532.30
2027 Rs. 1860.65 Rs. 1302.46
2028 Rs. 3349.18 Rs. 2344.42
2029 Rs. 6879.72 Rs. 4815.81
2030 Rs. 7661.51 Rs. 5363.06

Fundamentals of Adani Green Share Price

  • To gain a thorough idea of Adani Green Energy’s experience in the Power Generation and Distribution area, let’s examine the company’s fundamentals.
  • As of February 18, 2023, Adani Green Share Price has a market capitalization of ₹1,14,668.11.
  • P/E Ratio: Adani Green Energy’s price-to-earnings ratio is currently zero.
  • Sales Growth: Adani Green Share Price has seen a 64.31% increase in sales over the past year.
  • Profit Growth: Over the past year, profit growth has been approximately 177.27%.

Adani Green Company Financials

Adani Green Energy’s impressive five-year financial growth demonstrates the company’s dominant position in the renewable energy market.

Financial Year Revenue (in ₹ crore) Net Profit (in ₹ crore) EBITDA Margin (%) ROE (%) Debt to Equity
FY19 2,058 345 83.1 -31.6 14.6
FY20 2,549 343 69.9 42.8 21.1
FY21 3,124 109 71.7 13.5 29.3
FY22 5,133 425 68.4 41.5 45.1
FY23 7,792 1,159 71 32.8 9.2

The analysis of the business’s financial Adani Green Share Price results is provided below:

  • Growth in Revenue: From FY19 to FY23, the company’s revenue increased steadily at a noteworthy compound annual growth rate (CAGR) of 39.4%. The increase in revenue from ₹2,058 crore in FY19 to ₹7,792 crore in FY23 can be attributed to the company’s growing activities and increasing market share.
  • Growth in Net Profit: Net profit has increased dramatically as well, with a CAGR of 49.5%. The company improved its financial position from a ₹345 crore deficit in FY19 to a ₹1,159 crore net profit in FY23, demonstrating sound financial management and profitability.
  • EBITDA Margin Consistency: The business consistently produced profits during these years, as evidenced by its strong EBITDA margin, which averaged almost 70%. Return on Equity (ROE): Although it has fluctuated, the ROE has stayed positive, with a peak of 32.8% in FY23, indicating the company’s ability to effectively generate returns on shareholder equity.
  • Debt-to-Equity Ratio: The debt-to-equity ratio decreased from 14.6 in FY19 to 9.2 in FY23, which is a noteworthy part of the financials. This decrease suggests improved financial leverage and a healthier balance sheet.

Growth Opportunity for Adani Green Share Price

In India and around the world, Adani Green Energy is positioned for major growth in the renewable energy sector. Adani Green Energy exhibits its commitment to sustainable growth with a project pipeline that exceeds 10 GW and includes both domestic and foreign projects. The company’s sound strategy is further reinforced by the acquisition of long-term power purchase agreements (PPAs) with a range of entities, including corporate clients, NTPC, state distribution firms, and the Solar Energy Corporation of India (SECI).

The government’s ambitious goal of reaching 450 GW of renewable energy capacity by 2030 is expected to propel the rapidly expanding renewable energy sector in India. Numerous legislative efforts, including the National Solar Mission, National Wind Energy Mission, Green Energy Corridor, Production Linked Incentive (PLI) scheme, Renewable Purchase Obligation (RPO), and Renewable Generation Obligation (RGO), further encourage this expansion. The future of renewable energy is being shaped by technological developments in fields like green hydrogen, floating solar panels, offshore wind energy, and smart grid technology.

Strengths of Adani Green Share Price

Adani Green Energy’s remarkable strengths have made it a pioneer in the renewable energy sector. These Adani Green Share Price benefits not only make the company stand out but also provide it with a competitive edge in a rapidly evolving industry.

  1. Scale and Diverse Portfolio: In terms of renewable energy, Adani Green Energy has one of the largest and most varied portfolios in the world, as well as in India. The company’s diverse portfolio of assets includes wind, solar, and hybrid power projects. These projects span the whole renewable energy value chain, from distribution to generation to transmission.
  2. Innovation and Outstanding Project Execution: Ambitious projects like the 1,000 MW Kutch Wind Park and the 648 MW Kamuthi Solar Park have been completed by Adani Green Energy. The company’s ground-breaking approach to renewable energy solutions is highlighted by its groundbreaking projects, which include the largest single-site solar plant and the first hybrid auction in history.
  3. Robust Financial Health: The company saw a notable 46% increase in revenue and a 65% increase in EBITDA in FY23. The company’s impressive 91% ITDA margin and 13,192 crore cash profit demonstrate how efficient its operations are. The company’s sound debt management (net debt to EBITDA of 5.6x), consistent cash flow, and robust liquidity—with a cash balance of ₹4,591 crore—all contribute to its financial stability.
  4. Favorable Market Valuation and Positive Outlook:  Adani Green Energy’s PE ratio of 130.11, when compared to other companies in the industry, suggests a strong market valuation. Given that the stock has a ₹1,200 consensus target price, it seems to have a bright future ahead of it. Promising buy ratings and positive recommendations from analysts indicate their confidence in the company’s future performance.

Weaknesses of Adani Green Share Price

Despite being a pioneer in the field of renewable energy, Adani Green Energy has some obstacles that may affect how well it performs in the future. Comprehending these shortcomings is essential to fairly evaluating the company’s future.

  1. High Debt and Interest Costs: Adani Green Energy has several serious obstacles, including a large debt load and related interest expenses. The company’s financial imbalance is concerning since its total debt exceeds its equity by $63,500 crore, and interest expenses are greater than its earnings before interest and taxes. An interest coverage ratio of 0.87 indicates that earnings are under pressure to pay interest, which could have an impact on the profitability and liquidity of the business.
  2. Regulatory and Policy Risks: Uncertainties in regulations and policies affect the company’s operations. Project execution and financial returns may be negatively impacted by delays or modifications in project approvals, legal challenges, or changes in government policies and tariffs. Furthermore, in the face of changing regulatory environments, obtaining long-term PPAs—which are essential for income stability—presents a constant challenge.
  3. Dependence on the Adani Group: Adani Green Energy’s dependence on the wider Adani Group for some operational tasks, such as project development and marketing, presents possible dangers. This dependence could lead to conflicts of interest, issues with the Adani Group’s reputation, or operational issues, especially if other business sectors are having issues with credibility or finances.
  4. Corporate Governance Concerns: Corporate governance has been called into doubt due to past claims of overstated financials, tax issues, and environmental concerns. These difficulties are exacerbated by scrutiny from regulatory agencies such as SEBI, RBI, ED, and NGT. Any legal ramifications could hurt the business’s operations, finances, and reputation.

Final Thoughts

Adani Green Energy Ltd (AGEL), a prominent participant in the Indian renewable energy sector, is notable for its diverse portfolio, robust project pipeline, and excellent financials. An encouraging degree of investor confidence can be seen in the projected 2024 and 2025 Adani green share price targets 2024, which are supported by solid fundamentals. 

AGEL’s innovative concepts, expanding budget, and favorable market valuation all serve to accentuate the company’s advantages. However, things like high debt, ambiguous rules, dependency on organizations, and governance concerns must be properly taken into account. India aims to achieve 450 GW of renewable energy by 2030; Adani Green Share Price future success will be influenced by its strategic positioning and response to industry dynamics.

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