Adani Green Energy Limited
Adani Green Energy Limited generates and supplies renewable energy to central and state government entities and government backed corporations in India. The company develops, builds, owns, operates, and maintains power plants through renewable sources, such as solar, wind, and hybrid. It operates solar power plants with an operational capacity of 10,103 megawatts (MW); wind power plants with an o… Read more
Adani Green Energy Limited (ADANIGREEN) - Net Assets
Latest net assets as of September 2025: ₹290.84 Billion INR
Based on the latest financial reports, Adani Green Energy Limited (ADANIGREEN) has net assets worth ₹290.84 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹1.26 Trillion) and total liabilities (₹967.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹290.84 Billion |
| % of Total Assets | 23.11% |
| Annual Growth Rate | 76.48% |
| 5-Year Change | 961.76% |
| 10-Year Change | N/A |
| Growth Volatility | 236.94 |
Adani Green Energy Limited - Net Assets Trend (2016–2025)
This chart illustrates how Adani Green Energy Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adani Green Energy Limited (2016–2025)
The table below shows the annual net assets of Adani Green Energy Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹225.73 Billion | +29.37% |
| 2024-03-31 | ₹174.48 Billion | +137.39% |
| 2023-03-31 | ₹73.50 Billion | +181.18% |
| 2022-03-31 | ₹26.14 Billion | +22.95% |
| 2021-03-31 | ₹21.26 Billion | -7.99% |
| 2020-03-31 | ₹23.11 Billion | +19.59% |
| 2019-03-31 | ₹19.32 Billion | +55.75% |
| 2018-03-31 | ₹12.41 Billion | +3.13% |
| 2017-03-31 | ₹12.03 Billion | +784.60% |
| 2016-03-31 | ₹1.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adani Green Energy Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3055562800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹30.31 Billion | 24.97% |
| Common Stock | ₹15.84 Billion | 13.05% |
| Other Comprehensive Income | ₹36.81 Billion | 30.33% |
| Other Components | ₹38.41 Billion | 31.65% |
| Total Equity | ₹121.37 Billion | 100.00% |
Adani Green Energy Limited Competitors by Market Cap
The table below lists competitors of Adani Green Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Worley Parsons Ltd
PINK:WYGPY
|
$3.44 Billion |
|
Nexans SA
LSE:0IGF
|
$3.44 Billion |
|
ROHM Co. Ltd
PINK:ROHCF
|
$3.44 Billion |
|
AGL Energy Limited
F:N9Z1
|
$3.45 Billion |
|
BGC Group Inc.
NASDAQ:BGC
|
$3.44 Billion |
|
Nitto Boseki Co. Ltd
F:NB5
|
$3.44 Billion |
|
Qualys Inc
NASDAQ:QLYS
|
$3.44 Billion |
|
Shenzhen Kinwong Electronic Co Ltd
SHG:603228
|
$3.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adani Green Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 98,340,000,000 to 121,370,000,000, a change of 23,030,000,000 (23.4%).
- Net income of 14,440,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 540,000,000.
- Other factors increased equity by 8,050,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹14.44 Billion | +11.9% |
| Other Comprehensive Income | ₹540.00 Million | +0.44% |
| Other Changes | ₹8.05 Billion | +6.63% |
| Total Change | ₹- | 23.42% |
Book Value vs Market Value Analysis
This analysis compares Adani Green Energy Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.28x to 11.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | ₹3237.77 | ₹891.30 | x |
| 2017-03-31 | ₹17.34 | ₹891.30 | x |
| 2018-03-31 | ₹7.93 | ₹891.30 | x |
| 2019-03-31 | ₹12.36 | ₹891.30 | x |
| 2020-03-31 | ₹15.07 | ₹891.30 | x |
| 2021-03-31 | ₹14.07 | ₹891.30 | x |
| 2022-03-31 | ₹16.71 | ₹891.30 | x |
| 2023-03-31 | ₹46.18 | ₹891.30 | x |
| 2024-03-31 | ₹62.01 | ₹891.30 | x |
| 2025-03-31 | ₹76.62 | ₹891.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adani Green Energy Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.72%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 9.18x
- Recent ROE (11.90%) is above the historical average (2.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.56% | -178488.10% | 0.00x | 40.96x | ₹-143.17 Million |
| 2017 | -3.88% | -9.30% | 0.08x | 5.12x | ₹-1.67 Billion |
| 2018 | -11.08% | -9.29% | 0.12x | 9.72x | ₹-2.62 Billion |
| 2019 | -24.51% | -22.82% | 0.14x | 7.58x | ₹-6.67 Billion |
| 2020 | -0.98% | -0.90% | 0.14x | 7.82x | ₹-2.59 Billion |
| 2021 | 9.55% | 6.71% | 0.11x | 13.06x | ₹-100.00 Million |
| 2022 | 18.71% | 9.51% | 0.09x | 22.63x | ₹2.28 Billion |
| 2023 | 13.34% | 12.50% | 0.12x | 9.22x | ₹2.44 Billion |
| 2024 | 11.19% | 11.90% | 0.10x | 9.00x | ₹1.17 Billion |
| 2025 | 11.90% | 12.72% | 0.10x | 9.18x | ₹2.30 Billion |
Industry Comparison
This section compares Adani Green Energy Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $69,158,338,889
- Average return on equity (ROE) among peers: 15.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adani Green Energy Limited (ADANIGREEN) | ₹290.84 Billion | -0.56% | 3.33x | $3.44 Billion |
| ACME Solar Holdings Limited (ACMESOLAR) | $6.00 Billion | 5.18% | 4.45x | $287.65 Million |
| Siemens Energy India Limited (ENRIN) | $43.81 Billion | 25.11% | 1.18x | $318.13K |
| GK ENERGY LIMITED (GKENERGY) | $559.58 Million | 64.49% | 2.83x | $12.20K |
| Indowind Energy Limited (INDOWIND) | $2.12 Billion | -9.90% | 0.47x | $7.70 Million |
| Inox Green Energy Services Limited (INOXGREEN) | $8.07 Billion | -11.55% | 1.63x | $229.57 Million |
| Karma Energy Limited (KARMAENG) | $452.15 Million | -2.21% | 2.45x | $849.50K |
| KPI Green Energy Limited (KPIGREEN) | $135.60 Million | 56.64% | 2.95x | $384.92 Million |
| NHPC Limited (NHPC) | $375.96 Billion | 9.37% | 1.06x | $2.81 Billion |
| NTPC Green Energy Limited (NTPCGREEN) | $185.32 Billion | 2.57% | 1.45x | $1.05 Billion |