- Total income
- ₹12,866 Cr
- Profit
- ₹1,444 Cr

About Adani Green Energy Limited
Data last updated:
Adani Green Energy Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 23 January 2015 and has been in existence for over 11 years.
Adani Green Energy is ranked #212 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Gautam Adani and family are #1 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L40106GJ2015PLC082007. Its GSTIN is 24AANCA1814G1ZZ (Gujarat). The company holds 14 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 541450 and NSE: ADANIGREEN.
The company has an authorised share capital of ₹2,500 Cr and a paid-up capital of ₹1,647.18 Cr. It is led by directors including Vneet S Jaain (Managing Director) and Sagar Rajeshbhai Adani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12,928 Cr, a growth of 15.3% compared to the previous year. For the same year it recorded a net profit of ₹1,866.77 Cr (net margin 14.4%) and EBITDA of ₹10,549 Cr (EBITDA margin 81.6%). The net worth stands at ₹19,965 Cr (up 64.5% YoY). Total assets are valued at ₹1,35,269 Cr (up 29.8% YoY).
The company has about 1,167 employees on its provident fund (EPFO) records. Its group structure includes 98 subsidiaries and 1 joint venture.
The company is associated with 2 brands: Adani Green Energy and Adani Group. As per MCA filings, the company has open charges of ₹78,874 Cr and satisfied charges of ₹48,907 Cr on record. Court records list 47 cases involving the company, including 8 filed by the company and 39 filed against it; 17 cases are pending. The company has 58 deals on record (47 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26,440 Cr; the latest was in August 2026. The company has 22 MSME Form 1 returns on record between 2018 and 2024, listing 1,172 overdue payments to 249 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
CIN history
Adani Green Energy has one previous CIN (Corporate Identification Number): U40106GJ2015PLC082007. The current CIN is L40106GJ2015PLC082007, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106GJ2015PLC082007 | Current |
| U40106GJ2015PLC082007 | Previous |
Recognitions & Rankings of Adani Green Energy
- Valuation
- ₹1,92,740 Cr
- #1 Gautam Adani & family ₹9,22,800 Cr
Contact details
Adani Green Energy Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions, Wind Energy Solutions
To see the full contact details of Adani Green Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Adani Green Energy operates two associated brands: Adani Green Energy and Adani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy power is produced independently by Adani Green Energy. | adanigreenenergy.com | |
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Business activity
The main business activity of Adani Green Energy is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Adani Green Energy Limited, buy the company report.
Financials of Adani Green Energy Limited
FY 2025-26 filings availableAdani Green Energy Limited reported revenue of ₹12,928 Cr (up 15.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,928 | 11,212 | 9,220 | 7,792 | 5,133 | 3,124 | 2,549 |
| Revenue growth | +15.3% | +21.6% | +18.3% | +51.8% | +64.3% | +22.6% | - |
| EBITDA | 10,549 | 8,551 | 7,051 | 4,737 | 3,510 | 2,151 | 1,259 |
| EBITDA margin | +81.6% | +76.3% | +76.5% | +60.8% | +68.4% | +68.9% | +49.4% |
| Profit before tax | 2,001 | 2,215 | 1,671 | 1,426 | 553 | 187 | (50.00) |
| Net profit | 1,867 | 1,749 | 1,287 | 1,133 | 435 | 295 | 179 |
| Net profit margin | +14.4% | +15.6% | +14.0% | +14.5% | +8.5% | +9.4% | +7.0% |
| EPS (₹) | 10.03 | 9.12 | 6.94 | 6.15 | 3.13 | 1.34 | (0.15) |
| Balance sheet | |||||||
| Total assets | 1,35,269 | 1,04,233 | 83,947 | 63,283 | 56,970 | 27,054 | 17,310 |
| Net worth | 19,965 | 12,137 | 9,834 | 7,304 | 2,614 | 2,200 | 2,356 |
| Total debt | 1,03,545 | 80,040 | 64,858 | 54,223 | 52,832 | 24,209 | 14,867 |
| Cash & bank | 2,766 | 3,332 | 8,764 | 1,984 | 1,593 | 1,019 | 695 |
| Net working capital | 2,474 | 783 | 8,583 | 2,569 | 3,082 | 1,694 | 1,251 |
| Cash flow | |||||||
| Cash from operations | 10,135 | 8,364 | 7,713 | 7,265 | 3,060 | 1,601 | 1,965 |
| Cash from investing | (26,227) | (19,828) | (21,060) | (3,857) | (18,663) | (9,137) | (3,743) |
| Cash from financing | 15,615 | 12,068 | 13,953 | (2,973) | 15,986 | 7,083 | 2,161 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,258 | 4,431 | 3,502 | 2,618 | 3,008 | 3,800 | 3,073 | 2,340 |
| Revenue growth (YoY) | +41.6% | +16.6% | +14.0% | +11.9% | +0.1% | +36.0% | - | - |
| Other income | 262 | 232 | 225 | 219 | 241 | 206 | 205 | 296 |
| EBITDA | 3,797 | 3,983 | 2,774 | 2,230 | 2,520 | 3,025 | 2,236 | 1,864 |
| EBITDA margin | +92.1% | +92.1% | +83.4% | +91.7% | +89.2% | +80.9% | +73.3% | +82.4% |
| Depreciation | 1,084 | 1,026 | 885 | 886 | 834 | 767 | 663 | 618 |
| Interest | 2,119 | 2,001 | 1,626 | 1,698 | 1,635 | 1,525 | 1,368 | 1,251 |
| Profit before tax | 856 | 1,188 | 488 | (135) | 292 | 939 | 410 | 291 |
| Tax | 191 | 263 | 56.00 | (37.00) | (237) | 232 | 118 | (109) |
| Net profit | 665 | 925 | 432 | (98.00) | 529 | 707 | 292 | 400 |
| EPS (₹) | 4.00 | 5.05 | 2.33 | (0.38) | 3.44 | 4.26 | 1.26 | 2.92 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 18,340 | 19,613 | 12,001 | 7,629 | 10,672 | 2,473 | 1,247 |
| Revenue growth | -6.5% | +63.4% | +57.3% | -28.5% | +331.5% | +98.3% | - |
| EBITDA | 738 | 1,436 | 134 | (210) | 122 | 29.00 | (41.00) |
| EBITDA margin | +4.0% | +7.3% | +1.1% | -2.8% | +1.1% | +1.2% | -3.3% |
| Profit before tax | 423 | 762 | (491) | (333) | (130) | 423 | 75.00 |
| Net profit | 820 | 739 | (457) | (261) | (99.00) | 259 | 134 |
| Net profit margin | +4.5% | +3.8% | -3.8% | -3.4% | -0.9% | +10.5% | +10.8% |
| EPS (₹) | 3.67 | 4.13 | (3.45) | (2.07) | (0.37) | 2.33 | 0.86 |
| Balance sheet | |||||||
| Total assets | 41,504 | 30,601 | 33,660 | 24,883 | 25,051 | 7,801 | 4,261 |
| Net worth | 14,890 | 8,212 | 7,498 | 5,656 | 2,269 | 2,470 | 2,188 |
| Total debt | 22,558 | 20,244 | 22,922 | 13,591 | 17,289 | 5,310 | 2,062 |
| Cash & bank | 259 | 938 | 6,076 | 566 | 369 | 182 | 210 |
| Net working capital | 2,696 | 1,335 | 6,124 | (90.00) | 4,211 | (295) | 1,996 |
| Cash flow | |||||||
| Cash from operations | 2,700 | 552 | (2,482) | 5,003 | 1,455 | (718) | 1,490 |
| Cash from investing | (7,461) | 4,581 | (7,393) | (2,491) | (12,488) | (2,274) | (896) |
| Cash from financing | 4,266 | (4,896) | 9,754 | (2,013) | 11,028 | 2,807 | (503) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,890 | 6,206 | 6,249 | 3,355 | 3,947 | 4,789 | 6,461 | 5,922 |
| Revenue growth (YoY) | +99.9% | +29.6% | -3.3% | -43.4% | +1.5% | +43.3% | - | - |
| Other income | 291 | 266 | 355 | 281 | 251 | 233 | 314 | 239 |
| Total expenses | 7,684 | 6,134 | 6,245 | 3,210 | 3,526 | 4,621 | 6,218 | 5,147 |
| EBITDA | 206 | 72.00 | 4.00 | 145 | 421 | 168 | 243 | 775 |
| EBITDA margin | +2.6% | +1.2% | +0.1% | +4.5% | +11.1% | +3.5% | +3.8% | +13.2% |
| Depreciation | 29.00 | 35.00 | 30.00 | 27.00 | 23.00 | 23.00 | 18.00 | 15.00 |
| Interest | 446 | 389 | 355 | 317 | 318 | 342 | 368 | 426 |
| Profit before tax | 22.00 | (86.00) | (26.00) | 82.00 | 331 | 36.00 | 171 | 573 |
| Tax | (11.00) | (35.00) | (39.00) | 0.00 | (144) | 2.00 | 88.00 | 16.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,258 | 4,431 | 3,502 | 2,618 | 3,008 | 3,800 | 3,073 | 2,340 |
| Revenue growth (YoY) | +41.6% | +16.6% | +14.0% | +11.9% | +0.1% | +36.0% | - | - |
| Other income | 262 | 232 | 225 | 219 | 241 | 206 | 205 | 296 |
| EBITDA | 3,797 | 3,983 | 2,774 | 2,230 | 2,520 | 3,025 | 2,236 | 1,864 |
| EBITDA margin | +92.1% | +92.1% | +83.4% | +91.7% | +89.2% | +80.9% | +73.3% | +82.4% |
| Depreciation | 1,084 | 1,026 | 885 | 886 | 834 | 767 | 663 | 618 |
| Interest | 2,119 | 2,001 | 1,626 | 1,698 | 1,635 | 1,525 | 1,368 | 1,251 |
| Profit before tax | 856 | 1,188 | 488 | (135) | 292 | 939 | 410 | 291 |
| Tax | 191 | 263 | 56.00 | (37.00) | (237) | 232 | 118 | (109) |
| Net profit | 665 | 925 | 432 | (98.00) | 529 | 707 | 292 | 400 |
| EPS (₹) | 4.00 | 5.05 | 2.33 | (0.38) | 3.44 | 4.26 | 1.26 | 2.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,928 | 11,212 | 9,220 | 7,792 | 5,133 | 3,124 | 2,549 |
| Revenue growth | +15.3% | +21.6% | +18.3% | +51.8% | +64.3% | +22.6% | - |
| Other income | 1,308 | 1,654 | 1,529 | 900 | 509 | 475 | 80.00 |
| Total expenses | 2,379 | 2,661 | 2,169 | 3,055 | 1,623 | 973 | 1,290 |
| Employee cost | 150 | 128 | 77.00 | 40.00 | 34.00 | 38.00 | 107 |
| EBITDA | 10,549 | 8,551 | 7,051 | 4,737 | 3,510 | 2,151 | 1,259 |
| EBITDA margin | +81.6% | +76.3% | +76.5% | +60.8% | +68.4% | +68.9% | +49.4% |
| Depreciation | 3,372 | 2,498 | 1,903 | 1,300 | 849 | 486 | 394 |
| Interest | 6,484 | 5,492 | 5,006 | 2,911 | 2,617 | 1,953 | 995 |
| Profit before tax | 2,001 | 2,215 | 1,671 | 1,426 | 553 | 187 | (50.00) |
| Tax | 14.00 | 214 | 411 | 453 | 64.00 | 11.00 | 11.00 |
| Net profit | 1,867 | 1,749 | 1,287 | 1,133 | 435 | 295 | 179 |
| Net profit margin | +14.4% | +15.6% | +14.0% | +14.5% | +8.5% | +9.4% | +7.0% |
| EPS (₹) | 10.03 | 9.12 | 6.94 | 6.15 | 3.13 | 1.34 | (0.15) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,647 | 1,584 | 1,584 | 1,584 | 1,564 | 1,564 | 1,564 |
| Reserves & surplus | 17,643 | 6,791 | 4,488 | 4,296 | (374) | (703) | (801) |
| Shareholders' funds (net worth) | 19,965 | 12,137 | 9,834 | 7,304 | 2,614 | 2,200 | 2,356 |
| Minority interest | 9,914 | 10,436 | 7,614 | 46.00 | 0.00 | (74.00) | (46.00) |
| Secured loans | 1,00,154 | 72,408 | 58,556 | 47,151 | 44,390 | 18,885 | 13,943 |
| Unsecured loans | 3,391 | 7,632 | 6,302 | 7,072 | 8,442 | 5,324 | 924 |
| Total debt | 1,03,545 | 80,040 | 64,858 | 54,223 | 52,832 | 24,209 | 14,867 |
| Total liabilities | 1,35,269 | 1,04,233 | 83,947 | 63,283 | 56,970 | 27,054 | 17,310 |
| Assets | |||||||
| Gross block | 1,14,778 | 89,190 | 69,064 | 53,261 | 32,105 | 19,245 | 14,888 |
| Net block | 1,02,138 | 79,914 | 62,284 | 48,336 | 28,452 | 16,429 | 12,554 |
| Capital work in progress | 19,031 | 14,480 | 6,427 | 5,291 | 19,899 | 4,452 | 1,208 |
| Investments | 2,983 | 2,743 | 1,515 | 1,149 | 574 | 502 | 477 |
| Inventories | 136 | 101 | 291 | 52.00 | 17.00 | 29.00 | 104 |
| Sundry debtors | 2,129 | 1,540 | 1,342 | 2,206 | 1,809 | 1,203 | 740 |
| Cash & bank balances | 2,766 | 3,332 | 8,764 | 1,984 | 1,593 | 1,019 | 695 |
| Loans & advances | 4,803 | 1,845 | 1,888 | 1,953 | 1,647 | 1,081 | 826 |
| Total current assets | 9,834 | 6,818 | 12,285 | 6,195 | 5,066 | 3,332 | 2,365 |
| Total current liabilities | 7,360 | 6,035 | 3,702 | 3,626 | 1,984 | 1,638 | 1,114 |
| Net working capital | 2,474 | 783 | 8,583 | 2,569 | 3,082 | 1,694 | 1,251 |
| Total assets | 1,35,269 | 1,04,233 | 83,947 | 63,283 | 56,970 | 27,054 | 17,310 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2,212 | 1,608 | 1,002 | 567 | 184 | 637 | 254 |
| Net cash from operating activities | 10,135 | 8,364 | 7,713 | 7,265 | 3,060 | 1,601 | 1,965 |
| Net cash from investing activities | (26,227) | (19,828) | (21,060) | (3,857) | (18,663) | (9,137) | (3,743) |
| Net cash from financing activities | 15,615 | 12,068 | 13,953 | (2,973) | 15,986 | 7,083 | 2,161 |
| Net change in cash | (477) | 604 | 606 | 435 | 383 | (453) | 383 |
| Closing cash | 2,766 | 3,332 | 8,764 | 1,984 | 1,593 | 1,019 | 695 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +15.3% | +21.6% | +18.3% | +51.8% | +64.3% | +22.6% | - |
| EBITDA growth | +23.4% | +21.3% | +48.9% | +35.0% | +63.2% | +70.9% | - |
| PBT growth | -9.7% | +32.6% | +17.2% | +157.9% | +195.7% | +9998.0% | +91.5% |
| Net income growth | +6.7% | +35.9% | +13.6% | +160.7% | +47.5% | +64.6% | - |
| Revenue CAGR (3Y) | +18.4% | +29.8% | +43.4% | +45.1% | +35.6% | +28.3% | +71.9% |
| EBITDA CAGR (3Y) | +30.6% | +34.6% | +48.6% | +55.5% | +32.0% | +37.2% | +46.2% |
| Profitability & leverage | |||||||
| Net income margin | +15.4% | +17.9% | +13.7% | +12.5% | +9.5% | +5.6% | -2.4% |
| Return on capital employed | +8.0% | +9.4% | +10.0% | +7.6% | +7.3% | +9.9% | 0.0% |
| Return on net worth | +13.7% | +20.3% | +16.9% | +22.1% | +14.9% | +9.9% | 0.0% |
| Debt / equity | 5.72 | 6.36 | 6.95 | 10.79 | 16.00 | 8.58 | 6.06 |
| Long-term debt / equity | 4.98 | 4.89 | 5.37 | 9.40 | 13.16 | 7.25 | 5.34 |
| Interest cover | 90.34 | 90.73 | 97.24 | 84.70 | 98.35 | 117.30 | 115.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.13 | 0.14 | 0.15 | 0.18 | 0.20 | 0.18 | 0.19 |
| Inventory turnover | 109.10 | 57.20 | 53.76 | 225.86 | 223.17 | 46.98 | 21.25 |
| Debtors turnover | 7.05 | 7.78 | 5.20 | 3.88 | 3.11 | 3.22 | 3.40 |
| EPS (₹) | 10.03 | 9.12 | 6.94 | 6.15 | 3.13 | 1.34 | (0.15) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 117.12 | 52.87 | 38.33 | 37.12 | 7.61 | 5.51 | 4.88 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,890 | 6,206 | 6,249 | 3,355 | 3,947 | 4,789 | 6,461 | 5,922 |
| Revenue growth (YoY) | +99.9% | +29.6% | -3.3% | -43.4% | +1.5% | +43.3% | - | - |
| Other income | 291 | 266 | 355 | 281 | 251 | 233 | 314 | 239 |
| Total expenses | 7,684 | 6,134 | 6,245 | 3,210 | 3,526 | 4,621 | 6,218 | 5,147 |
| EBITDA | 206 | 72.00 | 4.00 | 145 | 421 | 168 | 243 | 775 |
| EBITDA margin | +2.6% | +1.2% | +0.1% | +4.5% | +11.1% | +3.5% | +3.8% | +13.2% |
| Depreciation | 29.00 | 35.00 | 30.00 | 27.00 | 23.00 | 23.00 | 18.00 | 15.00 |
| Interest | 446 | 389 | 355 | 317 | 318 | 342 | 368 | 426 |
| Profit before tax | 22.00 | (86.00) | (26.00) | 82.00 | 331 | 36.00 | 171 | 573 |
| Tax | (11.00) | (35.00) | (39.00) | 0.00 | (144) | 2.00 | 88.00 | 16.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 18,340 | 19,613 | 12,001 | 7,629 | 10,672 | 2,473 | 1,247 |
| Revenue growth | -6.5% | +63.4% | +57.3% | -28.5% | +331.5% | +98.3% | - |
| Other income | 1,120 | 1,136 | 926 | 780 | 530 | 656 | 333 |
| Total expenses | 17,602 | 18,177 | 11,867 | 7,839 | 10,550 | 2,444 | 1,288 |
| Employee cost | 106 | 79.00 | 42.00 | 36.00 | 26.00 | 16.00 | 29.00 |
| EBITDA | 738 | 1,436 | 134 | (210) | 122 | 29.00 | (41.00) |
| EBITDA margin | +4.0% | +7.3% | +1.1% | -2.8% | +1.1% | +1.2% | -3.3% |
| Depreciation | 103 | 61.00 | 30.00 | 11.00 | 7.00 | 4.00 | 3.00 |
| Interest | 1,332 | 1,749 | 1,521 | 892 | 775 | 258 | 214 |
| Profit before tax | 423 | 762 | (491) | (333) | (130) | 423 | 75.00 |
| Tax | (181) | 108 | 55.00 | (5.00) | (72.00) | 59.00 | (59.00) |
| Net profit | 820 | 739 | (457) | (261) | (99.00) | 259 | 134 |
| Net profit margin | +4.5% | +3.8% | -3.8% | -3.4% | -0.9% | +10.5% | +10.8% |
| EPS (₹) | 3.67 | 4.13 | (3.45) | (2.07) | (0.37) | 2.33 | 0.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,647 | 1,584 | 1,584 | 1,584 | 1,564 | 1,564 | 1,564 |
| Reserves & surplus | 13,243 | 3,541 | 2,827 | 3,323 | (44.00) | 157 | (125) |
| Shareholders' funds (net worth) | 14,890 | 8,212 | 7,498 | 5,656 | 2,269 | 2,470 | 2,188 |
| Secured loans | 7,401 | 5,949 | 11,095 | 8,090 | 10,694 | 3,162 | 1,901 |
| Unsecured loans | 15,157 | 14,295 | 11,827 | 5,501 | 6,595 | 2,148 | 161 |
| Total debt | 22,558 | 20,244 | 22,922 | 13,591 | 17,289 | 5,310 | 2,062 |
| Total liabilities | 41,504 | 30,601 | 33,660 | 24,883 | 25,051 | 7,801 | 4,261 |
| Assets | |||||||
| Gross block | 3,660 | 1,685 | 997 | 701 | 116 | 102 | 93.00 |
| Net block | 3,384 | 1,501 | 877 | 614 | 74.00 | 67.00 | 62.00 |
| Capital work in progress | 953 | 669 | 217 | 385 | 8.00 | 1.00 | 1.00 |
| Investments | 28,995 | 23,747 | 22,995 | 20,755 | 17,839 | 2,920 | 682 |
| Inventories | 7,000 | 4,886 | 3,385 | 1,282 | 4,500 | 2,429 | 414 |
| Sundry debtors | 2,654 | 4,396 | 2,419 | 1,112 | 897 | 2,551 | 91.00 |
| Cash & bank balances | 259 | 938 | 6,076 | 566 | 369 | 182 | 210 |
| Loans & advances | 3,234 | 2,381 | 1,967 | 731 | 1,357 | 1,039 | 3,415 |
| Total current assets | 13,147 | 12,601 | 13,847 | 3,691 | 7,123 | 6,201 | 4,130 |
| Total current liabilities | 10,451 | 11,266 | 7,723 | 3,781 | 2,912 | 6,496 | 2,134 |
| Net working capital | 2,696 | 1,335 | 6,124 | (90.00) | 4,211 | (295) | 1,996 |
| Total assets | 41,504 | 30,601 | 33,660 | 24,883 | 25,051 | 7,801 | 4,261 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 625 | 388 | 509 | 10.00 | 15.00 | 200 | 109 |
| Net cash from operating activities | 2,700 | 552 | (2,482) | 5,003 | 1,455 | (718) | 1,490 |
| Net cash from investing activities | (7,461) | 4,581 | (7,393) | (2,491) | (12,488) | (2,274) | (896) |
| Net cash from financing activities | 4,266 | (4,896) | 9,754 | (2,013) | 11,028 | 2,807 | (503) |
| Net change in cash | (495) | 237 | (121) | 499 | (5.00) | (185) | 91.00 |
| Closing cash | 259 | 938 | 6,076 | 566 | 369 | 182 | 210 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -6.5% | +63.4% | +57.3% | -28.5% | +331.5% | +98.3% | - |
| EBITDA growth | -48.6% | +971.6% | +163.8% | -272.1% | +320.7% | +170.7% | - |
| PBT growth | -44.5% | +9998.0% | -47.5% | -156.2% | - | +464.0% | +9998.0% |
| Net income growth | +11.0% | +261.6% | -75.2% | -163.6% | -138.2% | +93.3% | - |
| Revenue CAGR (3Y) | +34.0% | +22.5% | +69.3% | +82.9% | +222.5% | +12.9% | +401.1% |
| EBITDA CAGR (3Y) | - | +127.5% | +66.6% | +72.4% | - | +10.6% | +26.7% |
| Profitability & leverage | |||||||
| Net income margin | +3.3% | +3.3% | -4.6% | -4.3% | -0.5% | +14.7% | +10.8% |
| Return on capital employed | +5.5% | +8.1% | 0.0% | 0.0% | +3.7% | +9.2% | +6.5% |
| Return on net worth | +7.0% | +9.2% | 0.0% | 0.0% | -4.2% | +10.8% | +6.0% |
| Debt / equity | 1.85 | 2.75 | 2.78 | 3.90 | 4.77 | 1.58 | 1.02 |
| Long-term debt / equity | 1.07 | 1.56 | 1.73 | 2.93 | 2.91 | 0.72 | 0.68 |
| Interest cover | 209.76 | 127.20 | 1,462.50 | -403.62 | 673.91 | 1,032.00 | -486.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.86 | 14.63 | 14.14 | 18.68 | 97.91 | 25.36 | 13.68 |
| Inventory turnover | 3.09 | 4.74 | 5.14 | 2.64 | 3.08 | 1.74 | 3.75 |
| Debtors turnover | 5.20 | 5.76 | 6.80 | 7.59 | 6.19 | 1.87 | 6.14 |
| EPS (₹) | 3.67 | 4.13 | (3.45) | (2.07) | (0.37) | 2.33 | 0.86 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 90.41 | 32.35 | 27.85 | 30.98 | 9.72 | 11.00 | 9.20 |
To see the full year-wise statements and ratios of Adani Green Energy Limited, buy the company report.
Board of directors of Adani Green Energy Limited
Adani Green Energy has 10 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Rajeshbhai Adani Also directs: Adani New Industries Limited, Adani Ventures LLP, Adani Green Energy Twenty Three Limited and 3 more | Whole-Time Director | 31 Oct 2018 | 8 Years 0 Months | Current |
| Romesh Sobti Also directs: Sanctitas Capital & Advisory Services LLP, Dabur India Limited, Olive Bar & Kitchen Private Limited and 2 more | Director | 20 Sep 2021 | 5 Years 1 Months | Current |
| Gautam Shantilal Adani | Director | 23 Jan 2015 | 11 Years 9 Months | Current |
| Rajesh Shantilal Adani Also directs: Adani Power Limited, Adani Energy Solutions Limited, Adani Enterprises Limited and 5 more | Director | 23 Jan 2015 | 11 Years 9 Months | Current |
| Vneet S Jaain Also directs: Adani Infra (India) Limited, Mundra Synenergy Limited, Adani New Industries Limited and 1 more | Managing Director | 10 Jul 2020 | 6 Years 4 Months | Current |
| Dinesh Hasmukhrai Kanabar | Director | 05 Jan 2021 | 5 Years 10 Months | Current |
Auditor
Adani Green Energy Limited is audited by Dharmesh Parikh & Co LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharmesh Parikh & Co LLP | FY 2026 | 112054W/W100725 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.40%, foreign institutional investors hold 11.80%, domestic institutional investors hold 4.90% and retail and other public shareholders hold 20.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.40% | 62.40% | 62.40% | 62.40% |
| Public | 37.60% | 37.60% | 37.60% | 37.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2026 | 101414216 | Others | ₹6,400 Cr | Open | |
| 28 Sep 2026 | 101396306 | Others | ₹1,000 Cr | Open | |
| 21 Sep 2026 | 101389199 | Others | ₹2,991.21 Cr | Open | |
| 21 Sep 2026 | 101389206 | Others | ₹2,628.65 Cr | Open | |
| 19 Sep 2026 | 101402586 | Others | ₹405 Cr | Open |
To see the full charge records of Adani Green Energy Limited, buy the company report.
Total charge records: 153 View all charges
Deals & funding
Adani Green Energy Limited has 58 deals on record (47 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26,440 Cr; the latest was in August 2026.
Deals on record (5 of 58)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹2,380 Cr | Buyer: Adani Infra (India) Limited Seller: Ardour Investment Holding Ltd |
| Jun 2026 | Market trade | ₹3,246.5 Cr | Buyer: Adani Infra (India) Limited Seller: Ardour Investment Holding Ltd |
| Dec 2025 | Market trade | ₹2,778.09 Cr | Buyer: Quant Mutual Fund, Amity Holdings Private Limited , Sanatan Financial Advisory Services Private Limited Seller: Totalenergies Renewables Indian Ocean Ltd |
| Dec 2023 | Funding round | ₹9,350 Cr | Investors: Ardour Investment Holding Ltd, Adani Properties Private Limited |
| Jan 2021 | Market trade | ₹6,617.68 Cr | Buyer: Acme Trade And Investment Ltd Seller: Adani Trading Services LLP |
To see the full deal history of Adani Green Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adani Green Energy Limited has 47 court cases on record: 8 filed by Adani Green Energy, 39 filed against it. 17 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 28 | 8 |
| High courts | 15 | 11 | 9 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Power Grid Corporation of India Limited and 9 others | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Rewa Ultra Mega Solar Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (CMA SC) | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principle Commissioner of Income Tax-1, Ahmedabad | Pending |
To see the full case history of Adani Green Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Adani Green Energy Limited was last rated by Care on 17 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Jan 2022 |
To see the full credit ratings and regulatory alerts of Adani Green Energy Limited, buy the company report.
MSME payment delays
Adani Green Energy Limited has 22 MSME Form 1 returns on record between 2018 and 2024, listing 1,172 overdue payments to 249 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 249)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dharmesh Parikh and Company LL | |||
| an individual supplier | |||
| Divine Metallurgical Services Private Limited | |||
| Param Engineers |
To see the full MSME payment records of Adani Green Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Adani Green Energy has 98 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Wind Five Renergy Limited | U40100GJ2017PLC096973 | |
| Adani Renewable Energy Holding Six Limited | U40100GJ2019PLC109250 | |
| Adani Green Energy Thirty One Limited | U40100GJ2020PLC111960 | |
| Adani Green Energy Twenty Five B Limited | U40100GJ2020PLC114378 | |
| Adani Green Energy Twenty Seven A Limited | U40100GJ2020PLC114393 | |
| Adani Green Energy Twenty Six A Limited | U40100GJ2020PLC114736 |
To see the full group structure of Adani Green Energy Limited, buy the company report.
Employees & EPFO
Adani Green Energy Limited has a workforce of 1,167 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Adani Green Energy has 14 GST registrations: 11 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA1814G1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AANCA1814G2ZY | Gujarat | Active | 12 Jan 2024 |
| 23AANCA1814G1Z1 | Madhya Pradesh | Active | 01 Jul 2017 |
| 08AANCA1814G1ZT | Rajasthan | Active | 11 Jul 2017 |
To see the full GST registrations and return filing status of Adani Green Energy Limited, buy the company report.
Recent activity
Adani Green Energy Limited has 43 board changes on record since 2015: 28 appointments and 15 cessations. The latest: Ashish Khanna was appointed as CEO on 01 Apr 2025.
324 earlier events are in the company report.
News
Frequently asked questions
Adani Green Energy is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 23 January 2015 (11+ years old) and is registered under CIN L40106GJ2015PLC082007. Listed on BSE: 541450 and NSE: ADANIGREEN.
Adani Green Energy reported revenue of ₹12,928 Cr for FY 2025-26 (up 15.3% YoY) based on consolidated financials.
Adani Green Energy has 10 current directors:
- Vneet S Jaain - Managing Director
- Sagar Rajeshbhai Adani - Whole-Time Director
- Romesh Sobti - Director
- Gautam Shantilal Adani - Director
- Rajesh Shantilal Adani - Director
- Dinesh Hasmukhrai Kanabar - Director
- Raminder Singh Gujral - Director
- Neera Saggi - Director
- Sangkaran A Ratnam - Nominee Director
- Anup Pravin Shah - Director
The latest financial statements of Adani Green Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Green Energy is 24AANCA1814G1ZZ, registered in Gujarat. The company has 14 GST registrations in all, of which 11 are active and 3 are cancelled or inactive. Other active GSTINs include 24AANCA1814G2ZY (Gujarat), 23AANCA1814G1Z1 (Madhya Pradesh), 08AANCA1814G1ZT (Rajasthan).
The CIN (Corporate Identification Number) of Adani Green Energy is L40106GJ2015PLC082007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Adani Green Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 541450) and NSE (symbol: ADANIGREEN).
Adani Green Energy has 47 court cases on record: 8 filed by the company and 39 filed against it. 17 are pending. Most are in the district courts.
Adani Green Energy was incorporated on 23 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Green Energy has 58 deals on record (47 market trades, 5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26,440 Cr; the latest was in August 2026.
Ashish Khanna was appointed as CEO on 01 Apr 2025. Amit Singh ceased to be CEO on 31 Mar 2025. Saurabh Nikhil Shah was appointed as CFO on 03 Oct 2024. Adani Green Energy has 43 board changes on record in total.

