Adani Green Energy Peer Comparison
NSE: ADANIGREEN | BSE: 541450
₹1,301.30
As on 04-Sep-2026 15:53IST
Market cap
₹2,13,878 Cr
Revenue (TTM)
₹13,559 Cr
P/E Ratio
119.9
P/B Ratio
10.6
Div. Yield
0 %
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
2,13,878 | 75,323 | 31,969 | 30,283 | 8,875 |
Revenue (₹ Cr) |
13,559 | 3,285 | 8,612 | 2,370 | 3,652 |
Net Profit (₹ Cr) |
1,788.00 | 574.78 | 1,965.65 | 602.41 | 511.22 |
Net Margin (%) |
12.35 | 16.88 | 22.72 | 20.94 | 13.92 |
RoE (%) |
10.34 | 3.22 | 14.72 | 11.98 | 63.82 |
Price to Earnings |
119.89 | 124.10 | 16.26 | 50.18 | 17.46 |
Price-To-Book |
10.58 | 3.91 | 2.26 | 3.74 | 8.44 |
Income Statement (₹ Cr)
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Operating Revenue
|
12,928.00 | 2,858.42 | 8,310.41 | 1,405.13 | 3,331.42 |
|
Total Income
|
15,760.00 | 3,035.12 | 8,338.89 | 1,575.24 | 3,351.85 |
|
Total Expenditure
|
2,160.00 | 372.85 | 1,052.74 | 169.67 | 2,690.33 |
|
EBITDA
|
10,768.00 | 2,485.57 | 7,257.67 | 1,235.46 | 641.10 |
|
Depreciation
|
3,372.00 | 1,101.95 | 43.89 | 287.31 | 8.62 |
|
EBIT
|
7,396.00 | 1,383.62 | 7,213.78 | 948.15 | 632.47 |
|
Interest
|
8,425.00 | 897.51 | 4,904.68 | 759.24 | 13.29 |
|
Other Income
|
2,832.00 | 176.70 | 28.48 | 170.11 | 20.43 |
|
Exceptional Items
|
-219.00 | -- | -- | -20.98 | -4.02 |
|
Profit before Tax
|
2,001.00 | 682.66 | 2,337.58 | 338.04 | 639.61 |
|
Provision for Tax
|
14.00 | 161.31 | 463.58 | 87.22 | 160.97 |
|
Profit after Tax
|
1,987.00 | 521.35 | 1,874.00 | 250.82 | 478.64 |
Liabilities (₹ Cr)
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
19,290.00 | 18,965.19 | 13,785.42 | 4,510.58 | 934.35 |
|
Minority Interest
|
9,914.00 | 224.04 | -- | -1.29 | -0.52 |
|
Non-Current Liabilities
|
93,634.00 | 34,985.23 | 61,312.08 | 12,311.47 | 111.10 |
|
Current Liabilities
|
20,150.00 | 6,207.33 | 20,447.87 | 1,319.53 | 1,328.87 |
|
Total Liabilities
|
1,42,988.00 | 60,381.79 | 96,021.68 | 18,140.29 | 2,373.79 |
Assets (₹ Cr)
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
1,31,527.00 | 58,914.69 | 91,955.47 | 14,358.54 | 584.16 |
|
Current Assets
|
11,461.00 | 1,467.10 | 3,589.90 | 3,772.11 | 1,789.63 |
|
Total Assets
|
1,42,988.00 | 60,381.79 | 96,021.68 | 18,140.29 | 2,373.79 |
|
Total Debt*
|
1,01,153.00 | 29,258.18 | 77,845.63 | 10,422.70 | 81.67 |
|
Net Current Assets
|
-8,689.00 | -4,740.23 | -16,857.97 | 2,452.58 | 460.76 |
|
Contingent Liabilities
|
150.00 | -- | 2,766.58 | 549.26 | 38.02 |
Cashflow (₹ Cr)
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
10,135.00 | 2,386.20 | -14,476.58 | 1,543.02 | 286.95 |
|
Cash Flow from Investing Activities
|
-26,227.00 | -12,116.83 | -280.86 | -3,976.13 | -264.48 |
|
Cash from Financing Activities
|
15,615.00 | 9,796.20 | 14,747.84 | 3,408.23 | 22.55 |
|
Net Cash Inflow / Outflow
|
-477.00 | 65.57 | -9.60 | 975.11 | 45.02 |
Ratios
Profitability Ratios
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
ROCE (%)
|
9.90 | 3.73 | 8.69 | 8.53 | 87.12 |
|
ROE (%)
|
14.36 | 2.79 | 15.58 | 7.80 | 69.02 |
|
ROA (%)
|
1.57 | 0.99 | 2.15 | 1.60 | 27.40 |
|
EBIT Margin (%)
|
105.20 | 93.14 | 87.67 | 100.03 | 19.86 |
|
Net Margin (%)
|
12.61 | 17.18 | 22.47 | 15.92 | 14.28 |
|
Cash Profit Margin (%)
|
41.45 | 56.79 | 23.08 | 38.30 | 14.63 |
Growth Ratios
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
15.31 | 29.36 | 23.24 | 6.51 | 108.51 |
|
EBIT Growth (%)
|
31.15 | 22.21 | 15.96 | 13.70 | 103.10 |
|
Net Profit Growth (%)
|
-0.70 | 9.96 | 10.34 | -64.05 | 109.08 |
|
EPS Growth (%)
|
10.03 | 9.91 | 5.57 | -93.76 | 108.69 |
|
Book Value Growth (%)
|
130.33 | 2.85 | 34.28 | 131.16 | 105.55 |
Valuation Ratios
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Price / Earnings
|
80.44 | 149.08 | 16.37 | 46.08 | 17.05 |
|
Price / Book Value
|
6.89 | 4.11 | 2.23 | 2.59 | 8.75 |
|
Dividend Yield (%)
|
0.00 | 0.00 | 1.24 | 0.10 | 0.00 |
|
EV/EBITDA
|
17.00 | 40.02 | 14.79 | 13.61 | 11.92 |
|
Market Cap (₹ Cr)
|
1,32,880.45 | 77,909.95 | 30,677.05 | 11,617.76 | 8,162.98 |
Solvency Ratios
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debt to Equity
|
5.24 | 1.54 | 5.65 | 2.32 | 0.09 |
|
Short term debt to equity ratio
|
0.51 | 0.00 | 1.17 | 0.04 | 0.06 |
|
Current Ratio
|
0.57 | 0.24 | 0.18 | 2.86 | 1.35 |
|
Quick Ratio
|
0.56 | 0.23 | 0.18 | 2.86 | 1.26 |
|
Interest Coverage
|
1.24 | 1.76 | 1.48 | 1.45 | 49.13 |
Operating Efficiency Ratios
| Adani Green Energy | NTPC Green Energy | Indian Renewable | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
16.47 | 21.49 | 0.04 | 27.10 | 35.18 |
|
Asset Turnover
|
0.10 | 0.05 | 0.10 | 0.09 | 1.91 |
|
Receivable days
|
51.79 | 72.20 | 0.14 | 104.13 | 91.47 |
|
Inventory Days
|
3.35 | 4.33 | 0.00 | 1.02 | 6.75 |
|
Payable days
|
-- | -- | -- | -- | 71.10 |
|
Cash Conversion Cycle
|
-- | -- | -- | -- | 27.12 |