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ADANIGREEN - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.6

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 2.6

Stock Code ADANIGREEN Market Cap 1,46,680 Cr. Current Price 891 ₹ High / Low 1,179 ₹
Stock P/E 199 Book Value 89.8 ₹ Dividend Yield 0.00 % ROCE 8.87 %
ROE 9.41 % Face Value 10.0 ₹ DMA 50 928 ₹ DMA 200 1,000 ₹
Chg in FII Hold 0.13 % Chg in DII Hold 1.33 % PAT Qtr 82.0 Cr. PAT Prev Qtr 475 Cr.
RSI 46.4 MACD -22.0 Volume 25,65,619 Avg Vol 1Wk 43,65,314
Low price 765 ₹ High price 1,179 ₹ PEG Ratio 1.78 Debt to equity 1.18
52w Index 30.4 % Qtr Profit Var -85.3 % EPS 4.11 ₹ Industry PE 30.0

📊 Core Financials

  • Profitability: PAT dropped sharply from ₹475 Cr. to ₹82 Cr. (Qtr Profit Var: -85.3%)
  • Margins: ROE at 9.41% and ROCE at 8.87% indicate weak efficiency
  • Debt: Debt-to-equity ratio at 1.18 shows moderate leverage
  • Cash Flow: EPS at ₹4.11 is very low relative to market cap

💰 Valuation Indicators

  • P/E Ratio: 199 vs Industry PE of 30.0 → extremely overvalued
  • P/B Ratio: Current Price ₹891 vs Book Value ₹89.8 → ~9.9x book
  • PEG Ratio: 1.78 → growth priced at a premium
  • Intrinsic Value: Valuation far exceeds fundamentals

🏢 Business Model & Health

  • Market Cap: ₹1,46,680 Cr. reflects large presence in renewable energy
  • Dividend Yield: 0.00% indicates reinvestment focus
  • Competitive Advantage: Positioned in solar and renewable energy, a sector with strong demand drivers
  • Overall Health: Weak profitability and stretched valuations despite sector potential

🎯 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive only near ₹700–800 if fundamentals improve
  • Long-Term Holding: Risky at current valuations; suitable only if earnings scale up significantly

✅ Positive

  • Presence in renewable energy sector with long-term demand potential
  • DII holding increased (+1.33%)
  • FII holding increased (+0.13%)

⚠️ Limitation

  • Extremely high P/E ratio (199)
  • Weak ROE (9.41%) and ROCE (8.87%)
  • EPS at ₹4.11 is very low

📉 Company Negative News

  • Quarterly profit variation shows steep decline (-85.3%)
  • Stock trading below DMA levels (50DMA ₹928, 200DMA ₹1,000)

📈 Company Positive News

  • Institutional interest rising with FII and DII increases
  • Strong positioning in renewable energy sector

🏭 Industry

  • Industry PE: 30.0, far below ADANIGREEN’s PE
  • Renewable energy sector benefits from government push and global demand

🔎 Conclusion

ADANIGREEN operates in a promising renewable energy sector but currently suffers from weak profitability and extremely stretched valuations.

While institutional interest and sector growth are positives, the stock is risky for long-term holding unless earnings improve significantly.

Entry should be considered only at lower levels closer to intrinsic value, ideally around ₹700–800, if profitability strengthens.

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