Adani Green Energy Limited

BSE: 541450 NSE: ADANIGREEN
Adani Green Energy Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L40106GJ2015PLC082007 Incorporated 23 January 2015 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: ADANIGREEN · BSE: 541450 Public Limited Company environment
Data last updated
Revenue · FY 2026
₹12,928 Cr
▲ 15.31% YoY
EBITDA · FY 2026
₹11,659 Cr
▲ 15.58% YoY
Net profit · FY 2026
₹1,987 Cr
▼ 0.7% YoY
Authorised capital
₹2,500 Cr
Registered with MCA
Paid-up capital
₹1,647.18 Cr
Issued & subscribed
Open charges
₹54,566 Cr
Satisfied ₹37,045 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
1,167
Latest available

About Adani Green Energy Limited

Data last updated: 18 December 2025

Adani Green Energy Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in solar energy solutions, a part of the broader environmental services sector. Incorporated on 23 January 2015, the company has been in operation for over 11 years.

Registered with ROC Ahmedabad under CIN L40106GJ2015PLC082007. Listed on BSE: 541450 and NSE: ADANIGREEN.

Capital: an authorised share capital of ₹2,500 Cr and a paid-up capital of ₹1,647.18 Cr. It is led by directors including Neera Saggi and Raminder Singh Gujral.

Last AGM: 25 June 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹12,422 Cr, a growth of 18% compared to the previous year.

The company has a workforce of approximately 1,167 employees as per the latest available data. Its group structure includes 98 subsidiaries and 1 joint venture.

The company is associated with 2 brands - Adani Green Energy, Adani Group. As per MCA filings, the company has open charges of ₹54,566 Cr and satisfied charges of ₹37,045 Cr on record.

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 of Adani Green Energy Limited
CIN L40106GJ2015PLC082007
Registration Number 082007
Incorporation Date 23 January 2015
ROC Ahmedabad
Listing Status Listed (BSE: 541450, NSE: ADANIGREEN)
Company Status Active
Date of Last AGM 25 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Vneet S Jaain Managing Director Sagar Rajeshbhai Adani Whole-Time Director Neera Saggi Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    adani.com
  • Social Media
  • Registered Address
    Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
  • Industry
    Environment, Solar Energy Solutions, Wind Energy Solutions
Company report
Adani Green Energy Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Adani Green Energy Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Adani Green Energy Limited

Adani Green Energy Limited 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

Associated Brands with Adani Green Energy Limited

Adani Green Energy Limited operates two associated brands: Adani Green Energy and Adani Group. These brands represent Adani Green Energy Limited's diversified market presence and brand portfolio.

Brand Description Website
Adani Green Energy
Renewable energy power is produced independently by Adani Green Energy. adanigreenenergy.com
Adani Group
Diversified operations are conducted across multiple industries worldwide. adani.com

Competitors & Alternatives of Adani Green Energy Limited

Brands and companies operating in the same space as Adani Green Energy Limited include Octopus Energy, NextEra Energy, Fortum and 5 more.

Competitor Description Location Founded
Octopus Energy Octopus Energy Utility bill management platform is provided for tracking and billing. London, United Kingdom, United Kingdom 2015
NextEra Energy NextEra Energy Developer of energy solutions Juno Beach, United States, United States 1925
Fortum Fortum Clean energy solutions for generation, retail, and heating are provided. Espoo, Finland, Finland 1998
ScottishPower ScottishPower Wind energy is generated, transmitted, and distributed by ScottishPower. Glasgow, United Kingdom, United Kingdom 2013
Duke Energy Duke Energy Renewable electricity is produced and distributed across multiple states. Charlotte, United States, United States 1904
Galp Galp Oil and gas exploration, production, and distribution are conducted. Lisbon, Portugal, Portugal 1999
Sembcorp Industries Sembcorp Industries Large-scale asset development and management are conducted globally. Singapore, Singapore, Singapore 1998
Cypress Creek Renewables Cypress Creek Renewables Solar farms are owned, developed, and financed in the USA. Santa Monica, United States, United States 2014

Business Activity of Adani Green Energy Limited

Adani Green Energy Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
D Electricity, gas, steam and air condition supply D1 Electric power generation, transmission and distribution *********

Auditor Details of Adani Green Energy Limited

Adani Green Energy Limited is audited by S R B C & Co. LLP (ICAI peer reviewed, certificate valid till 2029-02-28); M/s Dharmesh Parikh & Co. LLP (ICAI peer reviewed, certificate valid till 2028-10-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
S R B C & Co. LLP (ICAI peer reviewed, certificate valid till 2029-02-28); M/s Dharmesh Parikh & Co. LLP (ICAI peer reviewed, certificate valid till 2028-10-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Adani Green Energy Limited

Adani Green Energy Limited is currently managed by 13 directors, with 26 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Neera Saggi
Also directs: Adani Green Energy Limited, Honeywell Automation India Limited, Ge Vernova T&D India Limited and 3 more
Director 07 Sep 2023 2 Years 10 Months Current
Raminder Singh Gujral
Also directs: Adani Green Energy Limited, Jio Platforms Limited, Rsg Majestic Private Limited and 1 more
Director 10 Jul 2020 5 Years 11 Months Current
Sangkaran A Ratnam
Also directs: Adani Green Energy Limited, Adani Green Energy Twenty Three Limited, Adani Total Gas Limited and 5 more
Nominee Director 23 Oct 2023 2 Years 8 Months Current
Dinesh Hasmukhrai Kanabar
Also directs: Dhruva Advisors Llp, Dream City Properties Llp, Dhruva Advisor Ifsc Llp and 5 more
Director 05 Jan 2021 5 Years 6 Months Current
Vneet S Jaain
Also directs: Adani Green Energy Limited, Mundra Synenergy Limited, Adani New Industries Limited and 1 more
Managing Director 10 Jul 2020 5 Years 11 Months Current
Romesh Sobti
Also directs: Adani Green Energy Limited, Sanctitas Capital & Advisory Services Llp, Dabur India Limited and 4 more
Director 20 Sep 2021 4 Years 9 Months Current
Showing 6 of 13 current directors. View all directors

Financials of Adani Green Energy Limited FY 2026 filings available

Adani Green Energy Limited reported revenue of ₹12,928 Cr (up 15.31% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹12,928 Cr ▲ 15.31%
Profit · FY 2026
₹1,987 Cr ▼ 0.7%
EBITDA · FY 2026
₹11,659 Cr ▲ 15.58%
Revenue₹ Cr · Consolidated05,00010,00015,000FY 2020: ₹2,549 Cr2,549FY 2020FY 2021: ₹3,124 Cr · +22.6% YoY3,124+22.6%FY 2021FY 2022: ₹5,133 Cr · +64.3% YoY5,133+64.3%FY 2022FY 2023: ₹7,792 Cr · +51.8% YoY7,792+51.8%FY 2023FY 2024: ₹9,220 Cr · +18.3% YoY9,220+18.3%FY 2024FY 2025: ₹11,212 Cr · +21.6% YoY11,212+21.6%FY 2025FY 2026: ₹12,928 Cr · +15.3% YoY12,928+15.3%FY 2026
Net Profit₹ Cr · Consolidated-1,00001,0002,0003,000FY 2020: ₹68 Cr (loss)-68FY 2020FY 2021: ₹182 Cr · +367.8% YoY182+367.8%FY 2021FY 2022: ₹489 Cr · +168.7% YoY489+168.7%FY 2022FY 2023: ₹973 Cr · +99% YoY973+99%FY 2023FY 2024: ₹1,260 Cr · +29.5% YoY1,260+29.5%FY 2024FY 2025: ₹2,001 Cr · +58.8% YoY2,001+58.8%FY 2025FY 2026: ₹1,987 Cr · -0.7% YoY1,987-0.7%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,5005,0007,500Q1'25: ₹2,834 Cr · +30.2% YoY2,834+30.2%Q1'25Q2'25: ₹3,055 Cr · +37.6% YoY3,055+37.6%Q2'25Q3'25: ₹2,365 Cr · +2.3% YoY2,365+2.3%Q3'25Q4'25: ₹3,073 Cr · +21.6% YoY3,073+21.6%Q4'25Q1'26: ₹3,800 Cr · +34.1% YoY3,800+34.1%Q1'26Q2'26: ₹6,808 Cr · +122.8% YoY6,808+122.8%Q2'26Q3'26: ₹2,618 Cr · +10.7% YoY2,618+10.7%Q3'26Q4'26: ₹3,502 Cr · +14% YoY3,502+14%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹12,928 Cr ₹11,212 Cr ₹9,220 Cr ₹7,792 Cr ₹5,133 Cr ₹3,124 Cr ₹2,548.63 Cr
Other Income ₹891 Cr ₹1,199 Cr ₹1,240 Cr ₹841 Cr ₹415 Cr ₹396 Cr ₹80.45 Cr
Total Income ₹13,819 Cr ₹12,411 Cr ₹10,460 Cr ₹8,633 Cr ₹5,548 Cr ₹3,520 Cr ₹2,629.07 Cr
Cost of Materials Consumed ₹708 Cr ₹1,440 Cr ₹1,187 Cr ₹1,748 Cr ₹1,286 Cr ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹528 Cr ₹461.85 Cr
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹96 Cr ₹19.39 Cr
Employee Benefit Expense ₹150 Cr ₹128 Cr ₹77 Cr ₹40 Cr ₹34 Cr ₹38 Cr ₹106.53 Cr
Finance Costs ₹6,484 Cr ₹5,492 Cr ₹5,006 Cr ₹2,911 Cr ₹2,617 Cr ₹1,953 Cr ₹994.77 Cr
Depreciation & Amortisation ₹3,372 Cr ₹2,498 Cr ₹1,903 Cr ₹1,300 Cr ₹849 Cr ₹486 Cr ₹394.31 Cr
Other Expenses ₹1,302 Cr ₹756 Cr ₹659 Cr ₹1,073 Cr ₹274 Cr ₹148 Cr ₹510.68 Cr
Total Expenses ₹12,016 Cr ₹10,314 Cr ₹8,832 Cr ₹7,072 Cr ₹5,060 Cr ₹3,249 Cr ₹2,487.53 Cr
Profit Before Exceptional Items & Tax ₹1,803 Cr ₹2,097 Cr ₹1,628 Cr ₹1,561 Cr ₹488 Cr ₹271 Cr ₹141.55 Cr
Exceptional Items -₹219 Cr -₹326 Cr -₹246 Cr -₹194 Cr ₹64 Cr -₹84 Cr -₹191.44 Cr
Profit Before Tax ₹1,584 Cr ₹1,771 Cr ₹1,382 Cr ₹1,367 Cr ₹552 Cr ₹187 Cr -₹49.89 Cr
Total Tax Expense ₹14 Cr ₹214 Cr ₹411 Cr ₹453 Cr ₹64 Cr ₹11 Cr ₹11.39 Cr
Net Profit ₹1,987 Cr ₹2,001 Cr ₹1,260 Cr ₹973 Cr ₹489 Cr ₹182 Cr -₹67.96 Cr
  attributable to Owners ₹1,652 Cr ₹1,444 Cr ₹1,100 Cr ₹974 Cr ₹489 Cr ₹210 Cr -₹23.23 Cr
  attributable to NCI ₹335 Cr ₹557 Cr ₹160 Cr -₹1 Cr ₹0 -₹28 Cr -₹44.73 Cr
Other Comprehensive Income ₹130 Cr ₹59 Cr -₹6 Cr -₹56 Cr -₹84 Cr -₹18 Cr ₹49.4 Cr
Total Comprehensive Income ₹2,117 Cr ₹2,060 Cr ₹1,254 Cr ₹917 Cr ₹405 Cr ₹164 Cr -₹18.56 Cr
EBITDA (computed) ₹11,659 Cr ₹10,087 Cr ₹8,537 Cr ₹5,772 Cr ₹3,954 Cr ₹2,710 Cr ₹1,530.62 Cr
Basic EPS ₹9.65 ₹8.37 ₹6.21 ₹5.41 ₹2.41 ₹0.68 ₹-0.74
Diluted EPS ₹9.65 ₹8.37 ₹6.20 ₹5.41 ₹2.41 ₹0.68 ₹-0.74
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹144,097 Cr ₹111,398 Cr ₹88,538 Cr ₹67,361 Cr
Non-current Assets ₹132,636 Cr ₹102,533 Cr ₹74,507 Cr ₹59,553 Cr
Current Assets ₹11,461 Cr ₹8,865 Cr ₹13,474 Cr ₹7,213 Cr
Property, Plant & Equipment ₹102,049 Cr ₹79,823 Cr ₹62,195 Cr ₹48,257 Cr
Inventories ₹136 Cr ₹101 Cr ₹291 Cr ₹52 Cr
Trade Receivables ₹2,129 Cr ₹1,540 Cr ₹1,342 Cr ₹2,206 Cr
Cash & Equivalents ₹1,735 Cr ₹2,212 Cr ₹1,608 Cr ₹1,002 Cr
Equity (Net Worth) ₹29,879 Cr ₹22,573 Cr ₹17,448 Cr ₹7,350 Cr
Equity Share Capital ₹1,647 Cr ₹1,584 Cr ₹1,584 Cr ₹1,584 Cr
Borrowings (Non-current) ₹90,755 Cr ₹67,363 Cr ₹40,503 Cr ₹49,908 Cr
Borrowings (Current) ₹10,685 Cr ₹10,706 Cr ₹22,557 Cr ₹4,315 Cr
Total Debt (computed) ₹101,440 Cr ₹78,069 Cr ₹63,060 Cr ₹54,223 Cr
Current Liabilities ₹20,150 Cr ₹16,888 Cr ₹26,388 Cr ₹7,941 Cr
Total Liabilities ₹114,218 Cr ₹88,825 Cr ₹71,090 Cr ₹60,011 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹10,135 Cr ₹8,364 Cr ₹7,713 Cr ₹7,265 Cr ₹3,060 Cr
Investing Cash Flow -₹26,227 Cr -₹19,827 Cr -₹21,060 Cr -₹3,857 Cr -₹18,663 Cr
Financing Cash Flow ₹15,615 Cr ₹12,068 Cr ₹13,953 Cr -₹2,973 Cr ₹15,986 Cr
Capital Expenditure ₹26,097 Cr ₹24,776 Cr ₹15,773 Cr ₹3,376 Cr ₹14,792 Cr
Free Cash Flow (computed) -₹15,962 Cr -₹16,412 Cr -₹8,060 Cr ₹3,889 Cr -₹11,732 Cr
Dividends Paid ₹332 Cr ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹477 Cr ₹605 Cr ₹606 Cr ₹435 Cr ₹383 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹3,502 Cr ₹2,618 Cr ₹6,808 Cr ₹3,800 Cr ₹3,073 Cr ₹2,365 Cr ₹3,055 Cr ₹2,834 Cr ₹2,527 Cr ₹2,311 Cr ₹2,220 Cr ₹2,176 Cr
Other Income ₹225 Cr ₹219 Cr ₹447 Cr ₹206 Cr ₹214 Cr ₹265 Cr ₹321 Cr ₹288 Cr ₹279 Cr ₹364 Cr ₹369 Cr ₹228 Cr
Total Income ₹3,727 Cr ₹2,837 Cr ₹7,255 Cr ₹4,006 Cr ₹3,287 Cr ₹2,630 Cr ₹3,376 Cr ₹3,122 Cr ₹2,806 Cr ₹2,675 Cr ₹2,589 Cr ₹2,404 Cr
Cost of Materials Consumed ₹228 Cr ₹12 Cr ₹468 Cr ₹421 Cr ₹371 Cr ₹261 Cr ₹588 Cr ₹219 Cr ₹463 Cr ₹411 Cr ₹218 Cr ₹95 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹33 Cr ₹37 Cr ₹80 Cr ₹33 Cr ₹35 Cr ₹31 Cr ₹28 Cr ₹34 Cr ₹18 Cr ₹23 Cr ₹19 Cr ₹17 Cr
Finance Costs ₹1,626 Cr ₹1,698 Cr ₹3,160 Cr ₹1,525 Cr ₹1,368 Cr ₹944 Cr ₹1,369 Cr ₹1,440 Cr ₹1,206 Cr ₹1,242 Cr ₹1,165 Cr ₹1,393 Cr
Depreciation & Amortisation ₹885 Cr ₹886 Cr ₹1,601 Cr ₹767 Cr ₹663 Cr ₹615 Cr ₹618 Cr ₹593 Cr ₹497 Cr ₹481 Cr ₹474 Cr ₹451 Cr
Other Expenses ₹359 Cr ₹328 Cr ₹615 Cr ₹304 Cr ₹274 Cr ₹472 Cr ₹234 Cr ₹161 Cr ₹195 Cr ₹211 Cr ₹284 Cr -₹17 Cr
Total Expenses ₹3,131 Cr ₹2,961 Cr ₹5,924 Cr ₹3,050 Cr ₹2,711 Cr ₹2,323 Cr ₹2,837 Cr ₹2,447 Cr ₹2,379 Cr ₹2,368 Cr ₹2,160 Cr ₹1,939 Cr
Profit Before Exceptional Items & Tax ₹596 Cr -₹124 Cr ₹1,331 Cr ₹956 Cr ₹576 Cr ₹307 Cr ₹539 Cr ₹675 Cr ₹427 Cr ₹307 Cr ₹429 Cr ₹465 Cr
Exceptional Items -₹108 Cr -₹11 Cr -₹100 Cr -₹17 Cr -₹166 Cr -₹16 Cr -₹97 Cr -₹47 Cr -₹80 Cr -₹100 Cr -₹16 Cr -₹50 Cr
Profit Before Tax ₹488 Cr -₹135 Cr ₹1,231 Cr ₹939 Cr ₹410 Cr ₹291 Cr ₹442 Cr ₹628 Cr ₹347 Cr ₹207 Cr ₹413 Cr ₹415 Cr
Total Tax Expense ₹56 Cr -₹37 Cr -₹5 Cr ₹232 Cr ₹118 Cr -₹109 Cr ₹26 Cr ₹179 Cr ₹82 Cr ₹68 Cr ₹119 Cr ₹142 Cr
Net Profit ₹514 Cr ₹5 Cr ₹1,468 Cr ₹824 Cr ₹383 Cr ₹474 Cr ₹515 Cr ₹629 Cr ₹310 Cr ₹256 Cr ₹371 Cr ₹323 Cr
  attributable to Owners ₹397 Cr -₹41 Cr ₹1,296 Cr ₹713 Cr ₹230 Cr ₹492 Cr ₹276 Cr ₹446 Cr ₹150 Cr ₹256 Cr ₹372 Cr ₹322 Cr
  attributable to NCI ₹117 Cr ₹46 Cr ₹172 Cr ₹111 Cr ₹153 Cr -₹18 Cr ₹239 Cr ₹183 Cr ₹160 Cr ₹0 -₹1 Cr ₹1 Cr
Other Comprehensive Income ₹88 Cr ₹17 Cr ₹25 Cr -₹27 Cr -₹84 Cr ₹69 Cr ₹17 Cr ₹54 Cr ₹20 Cr ₹39 Cr ₹38 Cr -₹103 Cr
Total Comprehensive Income ₹602 Cr ₹22 Cr ₹1,493 Cr ₹797 Cr ₹299 Cr ₹543 Cr ₹532 Cr ₹683 Cr ₹330 Cr ₹295 Cr ₹409 Cr ₹220 Cr
EBITDA (computed) ₹3,107 Cr ₹2,460 Cr ₹6,092 Cr ₹3,248 Cr ₹2,607 Cr ₹1,866 Cr ₹2,526 Cr ₹2,708 Cr ₹2,130 Cr ₹2,030 Cr ₹2,068 Cr ₹2,309 Cr
Basic EPS ₹2.33 ₹-0.38 ₹7.70 ₹4.26 ₹1.26 ₹2.92 ₹1.56 ₹2.63 ₹0.76 ₹1.42 ₹2.17 ₹1.85
Diluted EPS ₹2.33 ₹-0.38 ₹7.70 ₹4.26 ₹1.26 ₹2.92 ₹1.54 ₹2.63 ₹0.76 ₹1.42 ₹2.17 ₹1.85
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Renewable power generation and other related ancillary activities ₹3,274 Cr ₹484 Cr ₹142,540 Cr ₹114,179 Cr
Sale of Goods / Equipments and Related Services ₹528 Cr ₹107 Cr ₹1,557 Cr ₹39 Cr
(Less) : Elimination / Adjustments ₹0 -₹103 Cr ₹0 ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Renewable power generation and other related ancillary activities ₹12,227 Cr ₹1,578 Cr - -
Sale of Goods / Equipments and Related Services ₹2,007 Cr ₹516 Cr - -
(Less) : Elimination / Adjustments ₹0 -₹510 Cr - -
Metrics FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹19,613 Cr ₹12,001 Cr ₹7,629 Cr ₹10,672 Cr ₹2,473 Cr ₹1,246.84 Cr
Other Income ₹1,123 Cr ₹870 Cr ₹780 Cr ₹438 Cr ₹519 Cr ₹332.69 Cr
Total Income ₹20,736 Cr ₹12,871 Cr ₹8,409 Cr ₹11,110 Cr ₹2,992 Cr ₹1,579.53 Cr
Cost of Materials Consumed ₹19,346 Cr ₹13,682 Cr ₹4,280 Cr ₹12,559 Cr ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹4,409 Cr ₹1,369.81 Cr
Changes in Inventories -₹1,501 Cr -₹2,103 Cr ₹3,218 Cr -₹2,071 Cr -₹2,014 Cr -₹165.09 Cr
Employee Benefit Expense ₹79 Cr ₹42 Cr ₹36 Cr ₹26 Cr ₹16 Cr ₹28.82 Cr
Finance Costs ₹1,749 Cr ₹1,521 Cr ₹892 Cr ₹775 Cr ₹258 Cr ₹213.15 Cr
Depreciation & Amortisation ₹61 Cr ₹30 Cr ₹11 Cr ₹7 Cr ₹4 Cr ₹3.04 Cr
Other Expenses ₹163 Cr ₹119 Cr ₹238 Cr -₹16 Cr ₹18 Cr ₹54.85 Cr
Total Expenses ₹19,897 Cr ₹13,291 Cr ₹8,675 Cr ₹11,280 Cr ₹2,691 Cr ₹1,504.56 Cr
Profit Before Exceptional Items & Tax ₹839 Cr -₹420 Cr -₹266 Cr -₹170 Cr ₹301 Cr ₹74.97 Cr
Exceptional Items -₹77 Cr -₹71 Cr -₹67 Cr ₹41 Cr ₹122 Cr ₹0
Profit Before Tax ₹762 Cr -₹491 Cr -₹333 Cr -₹129 Cr ₹423 Cr ₹74.97 Cr
Total Tax Expense ₹108 Cr ₹55 Cr -₹5 Cr -₹72 Cr ₹59 Cr -₹59.29 Cr
Net Profit ₹654 Cr -₹546 Cr -₹328 Cr -₹57 Cr ₹364 Cr ₹134.26 Cr
Other Comprehensive Income ₹60 Cr ₹50 Cr -₹52 Cr -₹61 Cr ₹1 Cr -₹67.94 Lakh
Total Comprehensive Income ₹714 Cr -₹496 Cr -₹380 Cr -₹118 Cr ₹365 Cr ₹133.58 Cr
EBITDA (computed) ₹2,649 Cr ₹1,131 Cr ₹637 Cr ₹612 Cr ₹563 Cr ₹291.15 Cr
Basic EPS ₹3.74 ₹-3.84 ₹-2.47 ₹-0.76 ₹1.93 ₹0.46
Diluted EPS ₹3.74 ₹-3.84 ₹-2.47 ₹-0.76 ₹1.93 ₹0.46
Metrics FY 2025 FY 2024 FY 2023
Total Assets ₹41,867 Cr ₹41,383 Cr ₹28,664 Cr
Non-current Assets ₹29,130 Cr ₹27,479 Cr ₹24,720 Cr
Current Assets ₹12,737 Cr ₹13,904 Cr ₹3,944 Cr
Property, Plant & Equipment ₹1,483 Cr ₹866 Cr ₹602 Cr
Inventories ₹4,886 Cr ₹3,385 Cr ₹1,282 Cr
Trade Receivables ₹4,396 Cr ₹2,419 Cr ₹1,112 Cr
Cash & Equivalents ₹625 Cr ₹388 Cr ₹509 Cr
Equity (Net Worth) ₹8,212 Cr ₹7,498 Cr ₹5,656 Cr
Equity Share Capital ₹1,584 Cr ₹1,584 Cr ₹1,584 Cr
Borrowings (Non-current) ₹12,781 Cr ₹10,624 Cr ₹11,588 Cr
Borrowings (Current) ₹6,880 Cr ₹11,712 Cr ₹2,003 Cr
Total Debt (computed) ₹19,661 Cr ₹22,336 Cr ₹13,591 Cr
Current Liabilities ₹18,184 Cr ₹19,474 Cr ₹5,784 Cr
Total Liabilities ₹33,655 Cr ₹33,885 Cr ₹23,008 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1 Cr -₹2,482 Cr ₹5,003 Cr ₹1,455 Cr
Investing Cash Flow ₹4,539 Cr -₹7,393 Cr -₹2,491 Cr -₹12,488 Cr
Financing Cash Flow -₹4,303 Cr ₹9,754 Cr -₹2,013 Cr ₹11,028 Cr
Capital Expenditure ₹1,424 Cr ₹210 Cr ₹408 Cr ₹19 Cr
Free Cash Flow (computed) -₹1,423 Cr -₹2,692 Cr ₹4,595 Cr ₹1,436 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹237 Cr -₹121 Cr ₹499 Cr -₹5 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹3,355 Cr ₹8,736 Cr ₹4,789 Cr ₹6,461 Cr ₹5,947 Cr ₹3,937 Cr ₹3,383 Cr ₹7,304 Cr ₹2,089 Cr ₹1,917 Cr ₹691 Cr ₹1,632 Cr
Other Income ₹281 Cr ₹484 Cr ₹233 Cr ₹314 Cr ₹208 Cr ₹221 Cr ₹254 Cr ₹201 Cr ₹399 Cr ₹137 Cr ₹142 Cr ₹134 Cr
Total Income ₹3,636 Cr ₹9,220 Cr ₹5,022 Cr ₹6,775 Cr ₹6,155 Cr ₹4,158 Cr ₹3,637 Cr ₹7,505 Cr ₹2,488 Cr ₹2,054 Cr ₹833 Cr ₹1,766 Cr
Cost of Materials Consumed ₹5,354 Cr ₹6,436 Cr ₹3,788 Cr ₹6,689 Cr ₹3,899 Cr ₹5,491 Cr ₹3,268 Cr ₹5,181 Cr ₹6,064 Cr ₹1,493 Cr ₹944 Cr ₹878 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹2,312 Cr ₹1,438 Cr ₹713 Cr -₹616 Cr ₹1,203 Cr -₹1,983 Cr -₹105 Cr ₹1,896 Cr -₹4,118 Cr ₹386 Cr -₹267 Cr ₹738 Cr
Employee Benefit Expense ₹28 Cr ₹59 Cr ₹24 Cr ₹18 Cr ₹21 Cr ₹20 Cr ₹20 Cr ₹7 Cr ₹16 Cr ₹11 Cr ₹16 Cr ₹11 Cr
Finance Costs ₹317 Cr ₹660 Cr ₹342 Cr ₹368 Cr ₹426 Cr ₹475 Cr ₹481 Cr ₹470 Cr ₹377 Cr ₹364 Cr ₹310 Cr ₹409 Cr
Depreciation & Amortisation ₹27 Cr ₹46 Cr ₹23 Cr ₹18 Cr ₹12 Cr ₹9 Cr ₹12 Cr ₹10 Cr ₹4 Cr ₹13 Cr ₹3 Cr ₹3 Cr
Other Expenses ₹140 Cr ₹177 Cr ₹59 Cr ₹66 Cr ₹21 Cr ₹39 Cr ₹36 Cr ₹57 Cr ₹22 Cr ₹28 Cr ₹13 Cr -₹96 Cr
Total Expenses ₹3,554 Cr ₹8,816 Cr ₹4,949 Cr ₹6,543 Cr ₹5,582 Cr ₹4,051 Cr ₹3,712 Cr ₹7,621 Cr ₹2,365 Cr ₹2,295 Cr ₹1,019 Cr ₹1,943 Cr
Profit Before Exceptional Items & Tax ₹82 Cr ₹404 Cr ₹73 Cr ₹232 Cr ₹573 Cr ₹107 Cr -₹75 Cr -₹116 Cr ₹123 Cr -₹241 Cr -₹186 Cr -₹177 Cr
Exceptional Items ₹0 -₹37 Cr -₹37 Cr -₹61 Cr ₹0 -₹17 Cr ₹0 -₹71 Cr ₹0 ₹0 ₹0 -₹67 Cr
Profit Before Tax ₹82 Cr ₹367 Cr ₹36 Cr ₹171 Cr ₹573 Cr ₹90 Cr -₹75 Cr -₹187 Cr ₹123 Cr -₹241 Cr -₹186 Cr -₹244 Cr
Total Tax Expense ₹0 -₹142 Cr ₹2 Cr ₹88 Cr ₹16 Cr -₹9 Cr ₹14 Cr ₹8 Cr ₹10 Cr ₹18 Cr ₹19 Cr -₹4 Cr
Net Profit ₹82 Cr ₹509 Cr ₹34 Cr ₹83 Cr ₹557 Cr ₹99 Cr -₹89 Cr -₹195 Cr ₹113 Cr -₹259 Cr -₹205 Cr -₹240 Cr
Other Comprehensive Income ₹0 ₹1 Cr ₹0 -₹2 Cr ₹0 ₹32 Cr ₹31 Cr ₹23 Cr ₹18 Cr ₹34 Cr -₹25 Cr ₹47 Cr
Total Comprehensive Income ₹82 Cr ₹510 Cr ₹34 Cr ₹81 Cr ₹557 Cr ₹131 Cr -₹58 Cr -₹172 Cr ₹131 Cr -₹225 Cr -₹230 Cr -₹193 Cr
EBITDA (computed) ₹426 Cr ₹1,110 Cr ₹438 Cr ₹618 Cr ₹1,011 Cr ₹591 Cr ₹418 Cr ₹364 Cr ₹504 Cr ₹136 Cr ₹127 Cr ₹235 Cr
Basic EPS ₹0.49 ₹3.03 ₹0.11 ₹0.45 ₹3.42 ₹0.53 ₹-0.95 ₹-1.33 ₹0.61 ₹-1.73 ₹-1.39 ₹-1.62
Diluted EPS ₹0.49 ₹3.03 ₹0.11 ₹0.45 ₹3.42 ₹0.53 ₹-0.95 ₹-1.33 ₹0.61 ₹-1.73 ₹-1.39 ₹-1.62
Latest 12 quarters shown of 24 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Adani Green Energy Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Adani Green Energy Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 62.43%, foreign institutional investors hold 11.10%, domestic institutional investors hold 4.56%, retail and other public shareholders hold 21.91% of Adani Green Energy Limited. The company had 930,970 shareholders on record.

Promoters: 62.43%DII (Domestic Institutional): 4.56%FII (Foreign Institutional): 11.10%Retail & Others: 21.91%
Mar 2026
QUARTER
62.43% Promoters
4.56% DII (Domestic Institutional)
11.10% FII (Foreign Institutional)
21.91% Retail & Others
Promoter holding - history
Now 62.43% · Mar 2026High 86.58% · Jun 2018Low 56.26% · Sep 2023
55%63.3%71.5%79.8%88%Jun 2018Mar 2020Mar 2022Dec 2023Sep 2025Jun 2018: 86.58%Sep 2018: 86.58%Dec 2018: 86.50%Mar 2019: 86.50%Jun 2019: 74.92%Sep 2019: 74.92%Dec 2019: 74.92%Mar 2020: 74.92%Sep 2020: 74.92%Dec 2020: 74.92%Mar 2021: 56.29%Jun 2021: 57.46%Sep 2021: 60.14%Dec 2021: 61.27%Mar 2022: 61.27%Jun 2022: 60.50%Sep 2022: 60.75%Dec 2022: 60.75%Mar 2023: 57.26%Jun 2023: 56.27%Sep 2023: 56.26%Dec 2023: 56.37%Mar 2024: 56.37%Jun 2024: 57.52%Sep 2024: 60.94%Dec 2024: 60.94%Mar 2025: 60.94%Jun 2025: 61.91%Sep 2025: 62.43%Dec 2025: 62.43%Mar 2026: 62.43%86.58%56.26%62.43%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters62.43%62.43%62.43%61.91%60.94%60.94%
Public37.57%37.57%37.57%38.09%39.06%39.06%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019
Promoters62.43%60.94%56.37%57.26%61.27%56.29%74.92%86.50%
Public37.57%39.06%43.63%42.74%38.73%43.71%25.08%13.50%
Promoter change (YoY, %pts)+1.49+4.57-0.89-4.01+4.98-18.63-11.58-

Board & Governance of Adani Green Energy Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Adani Green Energy Limited has 10 directors - 5 independent and 2 executive. The board is chaired by Gautam S. Adani.

DirectorPositionOn board sinceListed boards
Gautam S. Adani Non-Executive - Non Independent Director · Chairperson 2015-01-23 7
Rajesh S. Adani Non-Executive - Non Independent Director 2015-01-23 5
Sagar R. Adani Executive Director 2018-10-31 1
Vneet S. Jaain Executive Director 2020-07-10 1
Raminder Singh Gujral Non-Executive - Independent Director 2020-07-10 1
Dinesh Kanabar Non-Executive - Independent Director 2021-01-05 3
Romesh Sobti Non-Executive - Independent Director 2021-09-20 3
Neera Saggi Non-Executive - Independent Director 2023-09-07 4
Anup Shah Non-Executive - Independent Director 2023-09-07 2
Sangkaran Ratnam Non-Executive - Nominee Director 2023-10-23 2
Board Committees
CommitteeMembers
Audit Committee Raminder Singh Gujral (Chairperson), Dinesh Kanabar, Romesh Sobti, Anup Shah, Neera Saggi, Sangkaran Ratnam
Nomination and remuneration committee Dinesh Kanabar (Chairperson), Neera Saggi, Anup Shah, Sangkaran Ratnam
Stakeholders Relationship Committee Neera Saggi (Chairperson), Vneet S. Jaain, Dinesh Kanabar
Risk Management Committee Romesh Sobti (Chairperson), Sagar R. Adani, Dinesh Kanabar, Sangkaran Ratnam
Corporate Social Responsibility Committee Anup Shah (Chairperson), Romesh Sobti, Vneet S. Jaain

Group Structure of Adani Green Energy Limited

Adani Green Energy Limited has 98 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The corporate group structure reflects Adani Green Energy Limited's business expansion strategy and organizational complexity.

98
Subsidiary companies
1
Joint ventures
Key Subsidiaries
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 -

Showing major subsidiaries. Total: 98.

Charges & Borrowings of Adani Green Energy Limited

Open charges
₹54,566 Cr
Satisfied charges
₹37,045 Cr
Breakdown by lending institutions
Others₹45,961.18 Cr
Sbicap Trustee Company Limited₹4,500.00 Cr
Bank of India₹1,500.00 Cr
Axis Bank Limited₹1,495.00 Cr
Idbi Trusteeship Services Limited₹750.00 Cr
Others₹360.00 Cr
Latest charge details
DateLenderAmountStatus
30 Sep 2025 Others ₹300 Cr Open
19 Sep 2025 Others ₹5,135 Cr Open
29 Aug 2025 Others ₹3,430 Cr Open
22 Aug 2025 Others ₹1,500 Cr Open
28 Jul 2025 Others ₹300 Cr Open

Total charge records: 128 View all charges

Employees and EPFO Compliance at Adani Green Energy Limited

Adani Green Energy Limited has a workforce of 1,167 employees as of Oct 09, 2025.

Employee count
1,167
Active EPFO establishments
1
Employee growth
0.17%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Adani Green Energy Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Adani Green Energy Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Adani Green Energy Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Adani Green Energy Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Adani Green Energy Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Adani Green Energy Limited

MSME Payment Delays by Adani Green Energy Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Adani Green Energy Limited

Subsidiaries & Group Companies of Adani Green Energy Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Adani Green Energy Limited

MCA Filings & Documents of Adani Green Energy Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Adani Green Energy Limited

Charges
13 Oct 2025
A charge with Others of Rs. 1,641.61 Cr registered on 21 Jun 2024 with Charge ID 100942367 was modified on 13 Oct 2025.
Charges
06 Oct 2025
A charge with Others of Rs. 700.00 Cr registered on 08 Jul 2021 with Charge ID 100456510 was modified on 06 Oct 2025.
Charges
01 Oct 2025
A charge with Others of Rs. 6.00 Cr registered on 05 Jun 2020 with Charge ID 100344933 was modified on 01 Oct 2025.
Charges
01 Oct 2025
A charge with Others of Rs. 6.00 Cr registered on 05 Jun 2020 with Charge ID 100344936 was modified on 01 Oct 2025.
Charges
30 Sep 2025
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101168485 was registered on 30 Sep 2025.
Charges
30 Sep 2025
A charge with Others of Rs. 2,739.00 Cr registered on 27 Mar 2024 with Charge ID 100892024 was modified on 30 Sep 2025.

Recent News on Adani Green Energy Limited

Frequently Asked Questions about Adani Green Energy Limited

Adani Green Energy Limited is an active public limited company in the environment sector based in Ahmedabad, Gujarat, India. It was incorporated on 23 January 2015 (11+ years old) and is registered under CIN L40106GJ2015PLC082007. Listed on BSE: 541450 and NSE: ADANIGREEN. The company has 1,167 employees.

Adani Green Energy Limited reported revenue of ₹12,422 Cr for FY 2025 (up 18.00% YoY).

The current directors of Adani Green Energy Limited are:

The primary industry of Adani Green Energy Limited is environment. The company specifically operates in solar energy solutions. The company is currently active in this sector.

Yes. Adani Green Energy Limited is listed on both BSE (code: 541450) and NSE (symbol: ADANIGREEN).

Adani Green Energy Limited can be reached at the registered office: Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421, or through the website adani.com.

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