Adani Green Energy logo

Adani Green Energy share price

NSE: ADANIGREENBSE: 541450PowerLarge Cap

Last close ₹1,185.10down ₹64.90 (5.19%)BSE ₹1,185.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,250.00.

52-week range of traded prices to 23 Oct 2026
₹765.00Low, 23 Jan 2026₹1,631.50High, 14 Jul 2026
Market cap
₹1,95,207 Cr46th largest listed
P/E
104.2
P/B
9.0
Dividend yield
Nonein the last 12 months
ROE
9.1%
ROCE
6.3%
Debt to equity
3.56
Volume, NSE
29,75,69234.9% delivered

Share price

Daily closes since Jun 2018, adjusted for splits and bonuses

+13.4%over a year · Nifty 500 −9.8%

Results20-session average 24,44,368 shares a day, 37.0% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Sep 2026, against the quarter beforeFiled 21 Oct

Revenue
₹4,258 Crdown 3.90%
Net profit
₹747 Crdown 24.01%
Net margin
17.5%

Revenue by year

Net profit by year, a loss in red

  • Net profit
  • Loss
A loss in 2 of the 8 years shown

The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹11,212 Cr, differs from its quarters added, ₹11,327 Cr.

₹ croreDec 2024Filed 23 JanMar 2025Filed 12 JunJun 2025Filed 28 JulSep 2025Filed 27 JanDec 2025Filed 23 JanMar 2026Filed 24 AprJun 2026Filed 22 JulSep 2026Filed 21 Oct
Revenue2,3653,0733,8003,0082,6183,5024,4314,258
Net profit4743838246445514983747
Net margin20.0%12.5%21.7%21.4%0.2%14.7%22.2%17.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹11,212 Cr, differs from its quarters added, ₹11,327 Cr.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Renewable power generation and other related ancillary activities₹12,227 Crup 26.57%85.9%
  • Sale of Goods / Equipments and Related Services₹2,007 Crdown 30.51%14.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 46% of 678 trading days over the last 3 years.

LowestHighest
Its median108.0Industry median18.1
Price to book

At or below today's level on 18% of 1,975 trading days since Nov 2018.

LowestHighest
Its median20.9Industry median1.4
EV to EBITDA23.6

At or below today's level on 14% of 1,846 trading days since May 2019.

LowestHighest
Its median42.4Industry median9.6

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−14.9%+10.0%−22.7%0.0%
3 years−2.9%+17.7%−17.5%0.0%
5 years−6.1%+49.5%−37.2%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021, Mar 2023, Mar 2025 and Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters62.43%
  • Foreign institutions11.33%
  • Indian institutions5.29%
  • Individuals and others20.94%
Holder
Adani Trading Services LlpPromoter28.80%
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)Promoter19.96%
Totalenergies Renewables Indian Ocean LtdForeign companies13.84%
Spitze Trade and Investment LimitedPromoter4.93%
Ardour Investment Holding LtdPromoter4.01%
Totalenergies Solar Wind Indian Ocean LtdForeign companies3.41%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

The filing reports 6,31,43,677 of its 1,64,71,76,155 shares locked in.

Mutual funds holding it

176 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 124 of the 128 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.Mutual fund holdings

Bought for the first time
4
Added
67
Cut
61
Held unchanged
41
Sold out
3
Fund
quant Mutual Fund logoquant Small Cap Fundquant Mutual Fund72,75,8402.61%₹929.9 Cr
quant Mutual Fund logoquant ELSS Tax Saver Fundquant Mutual Fund49,03,7574.78%₹626.7 Cr
HDFC Mutual Fund logoHDFC Focused FundHDFC Mutual Fund48,96,5272.36%₹625.8 Cr
SBI Mutual Fund logoSBI Arbitrage FundSBI Mutual Fund35,75,4000.99%₹456.9 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund33,91,2000.58%₹433.4 Cr
quant Mutual Fund logoquant Multi Asset Allocation Fundquant Mutual Fund31,81,1166.15%₹406.5 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Arbitrage FundICICI Prudential Mutual Fund27,06,0000.97%₹345.8 Cr
quant Mutual Fund logoquant Large Cap Fundquant Mutual Fund24,33,4858.48%₹311.0 Cr
quant Mutual Fund logoquant Multi Cap Fundquant Mutual Fund22,69,6223.87%₹290.1 Cr
quant Mutual Fund logoquant Flexi Cap Fundquant Mutual Fund20,98,5623.67%₹268.2 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Power Generation, 36 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Adani Green Energy in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Adani Power logoAdani PowerADANIPOWER3,51,05924.65.418.0+6.6%+14.9%23.5%14.5%0.00%
NTPC logoNTPCNTPC2,88,96110.41.49.3+2.4%+15.9%14.3%8.1%3.02%
JSW Energy logoJSW EnergyJSWENERGY82,24141.82.715.0+35.4%−9.4%6.8%6.2%0.45%
NHPC logoNHPCNHPC70,15518.51.720.5+12.0%+24.1%9.4%3.6%2.31%
NTPC Green Energy logoNTPC Green EnergyNTPCGREEN68,430112.73.633.9––3.2%3.4%0.00%
NLC India logoNLC IndiaNLCINDIA31,685–1.59.6+16.8%––6.8%1.68%
Acme Solar Holdings logoAcme Solar HoldingsACMESOLAR26,28543.6––+47.5%–12.6%6.4%0.05%
SJVN logoSJVNSJVN18,62729.11.313.8+60.5%−7.4%4.5%5.1%3.16%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Adani Green Energy share price by year

Each calendar year to 2025.Adani Green Energy share price history

YearClose at year endChangeHighest closeLowest close
20251,015.10−2.5%1,152.15768.55
20241,040.70−34.8%2,070.55898.55
20231,597.00−17.3%2,166.15462.20
20221,931.80+45.2%2,970.501,346.90
20211,330.25+26.4%1,439.25876.15
20201,052.60+532.4%1,205.15117.70
2019166.45+297.7%166.4530.25
201841.85–73.3025.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 18 Jun 2018.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 20261,247.801,247.801,171.001,185.101,195.9929,75,69234.9%
22 Oct 20261,254.001,263.401,210.701,250.001,243.5216,89,48811.3%
21 Oct 20261,295.201,302.001,244.801,258.501,267.5517,13,78217.3%
19 Oct 20261,304.401,319.201,291.001,295.201,303.509,65,16730.7%
16 Oct 20261,311.601,317.501,298.101,302.001,307.799,56,10034.6%
15 Oct 20261,319.001,320.001,300.501,307.101,308.689,62,13728.1%
14 Oct 20261,281.001,324.901,274.301,318.401,308.0817,75,98429.4%
13 Oct 20261,271.801,287.801,256.001,287.001,273.4514,95,73632.2%
12 Oct 20261,273.001,279.001,255.401,274.001,266.8815,29,81830.3%
9 Oct 20261,240.001,275.001,238.401,255.801,257.0727,35,03026.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Offer for sale history

Ex-dateEventPrice factorWhat happened
30 Jan 2023Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

About Adani Green Energy

Adani Green Energy Limited develops, owns and operates renewable power and energy storage projects in India. Its portfolio includes grid-connected solar, wind and hybrid plants and battery energy storage, with 19,294 MW of operational capacity spread across 12 states. Its main source of revenue is the sale of power, part of which is sold under fixed tariff power purchase agreements. The company is headquartered in Ahmedabad, and an energy network operation centre there monitors its plants in 12 states.

Its portfolio includes Khavda in Gujarat, where a 30 GW renewable energy park is being built. Khavda was the largest contributor to the portfolio in the year to March 2026. In that year the company entered battery energy storage with a project at Khavda, and 1,376 MWh of storage capacity was operating by March 2026. It also has five hydro pumped storage projects. Adani Infra India Limited supports project management and execution, and Adani Infrastructure Management Services Limited is its operations and maintenance partner.

It was incorporated in 2015. It concluded a 50:50 joint venture with TotalEnergies. The company belongs to the Adani portfolio of companies, which comprises 13 listed companies. Gautam Adani, a promoter of the company, founded that portfolio in 1988. A promoter is the person or group that set up a company or controls it. He is the chairman of the company's board.

Legal name
Adani Green Energy Limited
NSE symbol
ADANIGREEN
BSE code
541450
ISIN
INE364U01010
Industry
Power
Listed
Jun 2018
Face value
₹10
CIN
L40106GJ2015PLC082007
Corporate identity number, the registrar of companies' code for it