Adani Green Energy Peer Comparison

NSE: ADANIGREEN | BSE: 541450

₹1,417.00

₹-7.10 (-0.50%)

As on 08-Nov-2026IST

Market cap

₹2,33,405 Cr

Revenue (TTM)

₹14,809 Cr

P/E Ratio

124.5

P/B Ratio

10.8

Div. Yield

0 %

Edit

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Market cap (₹ Cr)	2,33,405	70,815	31,317	28,480	14,587
Revenue (₹ Cr)	14,809	3,611	8,901	2,789	2,540
Net Profit (₹ Cr)	1,924.00	600.91	1,968.46	756.01	182.67
Net Margin (%)	12.22	16.03	22.02	23.03	6.69
RoE (%)	9.46	3.42	14.00	11.12	3.77
Price to Earnings	124.55	107.81	15.91	37.63	81.66
Price-To-Book	10.81	3.65	2.18	3.41	3.01

Income Statement (₹ Cr)

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Operating Revenue	12,928.00	2,858.42	8,310.41	2,023.38	1,912.87
Total Income	15,760.00	3,035.12	8,338.89	2,507.08	2,077.93
Total Expenditure	2,160.00	372.85	1,052.74	241.90	781.77
EBITDA	10,768.00	2,485.57	7,257.67	1,781.48	1,131.10
Depreciation	3,372.00	1,101.95	43.89	467.90	379.91
EBIT	7,396.00	1,383.62	7,213.78	1,313.57	751.19
Interest	8,425.00	897.51	4,904.68	1,123.13	787.51
Other Income	2,832.00	176.70	28.48	483.70	165.06
Exceptional Items	-219.00	--	--	2.68	--
Profit before Tax	2,001.00	682.66	2,337.58	676.82	134.98
Provision for Tax	14.00	161.31	463.58	178.94	49.40
Profit after Tax	1,987.00	521.35	1,874.00	497.89	85.58

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Shareholder's Funds	19,290.00	18,965.19	13,785.42	5,061.48	4,638.27
Minority Interest	9,914.00	224.04	--	-1.31	885.27
Non-Current Liabilities	93,634.00	34,985.23	61,312.08	19,865.01	11,900.00
Current Liabilities	20,150.00	6,207.33	20,447.87	3,220.16	5,129.21
Total Liabilities	1,42,988.00	60,381.79	96,021.68	28,145.34	22,555.04

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Non-Current Assets	1,31,527.00	58,914.69	91,955.47	21,159.60	19,147.63
Current Assets	11,461.00	1,467.10	3,589.90	6,976.16	3,405.12
Total Assets	1,42,988.00	60,381.79	96,021.68	28,145.34	22,555.04
Total Debt*	1,01,153.00	29,258.18	77,845.63	18,988.05	12,400.34
Net Current Assets	-8,689.00	-4,740.23	-16,857.97	3,756.00	-1,724.10
Contingent Liabilities	150.00	--	2,766.58	202.63	1,232.86

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Cash From Operating Activities	10,135.00	2,386.20	-14,476.58	1,248.59	1,731.24
Cash Flow from Investing Activities	-26,227.00	-12,116.83	-280.86	-7,317.38	-5,957.47
Cash from Financing Activities	15,615.00	9,796.20	14,747.84	7,015.46	5,095.40
Net Cash Inflow / Outflow	-477.00	65.57	-9.60	946.67	869.17

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
ROCE (%)	9.90	3.73	8.69	9.23	6.69
ROE (%)	14.36	2.79	15.58	10.53	2.43
ROA (%)	1.57	0.99	2.15	2.15	0.48
EBIT Margin (%)	105.20	93.14	87.67	111.95	67.76
Net Margin (%)	12.61	17.18	22.47	19.86	4.12
Cash Profit Margin (%)	41.45	56.79	23.08	47.73	24.33

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Revenue Growth (%)	15.31	29.36	23.24	44.00	27.89
EBIT Growth (%)	31.15	22.21	15.96	61.16	27.42
Net Profit Growth (%)	-0.70	9.96	10.34	98.50	340.46
EPS Growth (%)	10.03	9.91	5.57	97.80	192.92
Book Value Growth (%)	130.33	2.85	34.28	10.82	84.05

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Price / Earnings	80.44	149.08	16.37	31.73	95.61
Price / Book Value	6.89	4.11	2.23	3.18	1.98
Dividend Yield (%)	0.00	0.00	1.24	0.08	0.00
EV/EBITDA	17.00	40.02	14.79	12.65	14.75
Market Cap (₹ Cr)	1,32,880.45	77,909.95	30,677.05	15,830.92	8,999.88

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Debt to Equity	5.24	1.54	5.65	3.82	2.72
Short term debt to equity ratio	0.51	0.00	1.17	0.13	0.14
Current Ratio	0.57	0.24	0.18	2.17	0.66
Quick Ratio	0.56	0.23	0.18	2.16	0.66
Interest Coverage	1.24	1.76	1.48	1.60	1.17

	Adani Green Energy	NTPC Green Energy	Indian Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions
Debtors to sales (%)	16.47	21.49	0.04	16.45	14.53
Asset Turnover	0.10	0.05	0.10	0.09	0.11
Receivable days	51.79	72.20	0.14	64.38	44.45
Inventory Days	3.35	4.33	0.00	1.92	8.78
Payable days	--	--	--	--	--
Cash Conversion Cycle	--	--	--	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.