Adani Green Energy Limited (ADANIGREEN) - Net Assets

Latest as of March 2026: Rs298.79 Billion INR ≈ $3.23 Billion USD

Based on the latest financial reports, Adani Green Energy Limited (ADANIGREEN) has net assets worth Rs298.79 Billion INR (≈ $3.23 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.44 Trillion ≈ $15.58 Billion USD) and total liabilities (Rs1.14 Trillion ≈ $12.35 Billion USD). 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. Check Adani Green Energy Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs298.79 Billion
% of Total Assets	20.74%
Annual Growth Rate	71.48%
5-Year Change	1043.04%
10-Year Change	2383.83%
Growth Volatility	226.93

Adani Green Energy Limited - Net Assets Trend (2016–2026)

This chart illustrates how Adani Green Energy Limited's net assets have evolved over time, based on quarterly financial data. See Adani Green Energy Limited (ADANIGREEN) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Adani Green Energy Limited (2016–2026)

The table below shows the annual net assets of Adani Green Energy Limited from 2016 to 2026. For live valuation and market cap data, see market cap of Adani Green Energy Limited.

Year	Net Assets	Change
2026-03-31	Rs298.79 Billion ≈ $3.23 Billion	+32.37%
2025-03-31	Rs225.73 Billion ≈ $2.44 Billion	+29.37%
2024-03-31	Rs174.48 Billion ≈ $1.89 Billion	+137.39%
2023-03-31	Rs73.50 Billion ≈ $794.87 Million	+181.18%
2022-03-31	Rs26.14 Billion ≈ $282.69 Million	+22.95%
2021-03-31	Rs21.26 Billion ≈ $229.92 Million	-7.99%
2020-03-31	Rs23.11 Billion ≈ $249.90 Million	+19.59%
2019-03-31	Rs19.32 Billion ≈ $208.97 Million	+55.75%
2018-03-31	Rs12.41 Billion ≈ $134.17 Million	+3.13%
2017-03-31	Rs12.03 Billion ≈ $130.09 Million	+784.60%
2016-03-31	Rs1.36 Billion ≈ $14.71 Million	--

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 24562800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs16.47 Billion	8.25%
Other Components	Rs183.18 Billion	91.75%
Total Equity	Rs199.65 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
Tata Steel Limited NSE:TATASTEEL	$26.44 Billion
FirstEnergy Corporation NYSE:FE	$26.44 Billion
Sampo Oyj A HE:SAMPO	$26.48 Billion
WOODSIDE ENE. SP.ADR 1 F:WOP	$26.53 Billion
Ecopetrol S.A F:ECHA	$26.40 Billion
Xylem Inc NYSE:XYL	$26.35 Billion
PetroChina Company Limited F:PC6	$26.34 Billion
Citizens Financial Group, Inc. NYSE:CFG	$26.29 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 2025 to 2026, total equity changed from 121,370,000,000 to 199,650,000,000, a change of 78,280,000,000 (64.5%).
Net income of 16,520,000,000 contributed positively to equity growth.
Dividend payments of 1,880,000,000 reduced retained earnings.
New share issuances of 70,950,000,000 increased equity.
Other comprehensive income decreased equity by 36,810,000,000.
Other factors increased equity by 29,500,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs16.52 Billion	+8.27%
Dividends Paid	Rs1.88 Billion	-0.94%
Share Issuances	Rs70.95 Billion	+35.54%
Other Comprehensive Income	Rs-36.81 Billion	-18.44%
Other Changes	Rs29.50 Billion	+14.78%
Total Change	Rs-	64.50%

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: 12.71x
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 0.46x to 12.71x 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	Rs3237.77	Rs1482.50	x
2017-03-31	Rs17.34	Rs1482.50	x
2018-03-31	Rs7.93	Rs1482.50	x
2019-03-31	Rs12.36	Rs1482.50	x
2020-03-31	Rs15.07	Rs1482.50	x
2021-03-31	Rs14.07	Rs1482.50	x
2022-03-31	Rs16.71	Rs1482.50	x
2023-03-31	Rs46.18	Rs1482.50	x
2024-03-31	Rs62.01	Rs1482.50	x
2025-03-31	Rs76.62	Rs1482.50	x
2026-03-31	Rs116.62	Rs1482.50	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): 8.27%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.78%
• Asset Turnover: 0.09x
• Equity Multiplier: 7.22x
Recent ROE (8.27%) is above the historical average (2.90%), 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	Rs-143.17 Million
2017	-3.88%	-9.30%	0.08x	5.12x	Rs-1.67 Billion
2018	-11.08%	-9.29%	0.12x	9.72x	Rs-2.62 Billion
2019	-24.51%	-22.82%	0.14x	7.58x	Rs-6.67 Billion
2020	-0.98%	-0.90%	0.14x	7.82x	Rs-2.59 Billion
2021	9.55%	6.71%	0.11x	13.06x	Rs-100.00 Million
2022	18.71%	9.51%	0.09x	22.63x	Rs2.28 Billion
2023	13.34%	12.50%	0.12x	9.22x	Rs2.44 Billion
2024	11.19%	11.90%	0.10x	9.00x	Rs1.17 Billion
2025	11.90%	12.72%	0.10x	9.18x	Rs2.30 Billion
2026	8.27%	12.78%	0.09x	7.22x	Rs-3.44 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: $68,636,785,571
Average return on equity (ROE) among peers: 6.65%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Adani Green Energy Limited (ADANIGREEN)	Rs298.79 Billion	-0.56%	3.82x	$26.41 Billion
ACME Solar Holdings Limited (ACMESOLAR)	$1.64 Billion	-4.02%	3.06x	$2.23 Billion
Inox Green Energy Services Limited (INOXGREEN)	$11.32 Billion	-5.39%	0.90x	$860.10 Million
Karma Energy Limited (KARMAENG)	$854.81 Million	-2.86%	1.15x	$5.37 Million
KPI Green Energy Limited (KPIGREEN)	$1.54 Billion	28.13%	4.06x	$870.74 Million
NHPC Limited (NHPC)	$342.31 Billion	8.43%	1.08x	$8.12 Billion
NTPC Green Energy Limited (NTPCGREEN)	$62.32 Billion	5.50%	3.37x	$8.94 Billion
SJVN Limited (SJVN)	$60.47 Billion	16.79%	0.70x	$3.13 Billion

About Adani Green Energy Limited

NSE:ADANIGREEN India Utilities - Renewable

Market Cap

$26.41 Billion

Rs2.44 Trillion INR

Market Cap Rank

#1023 Global

#28 in India

Share Price

Rs1482.50

Change (1 day)

-0.01%

52-Week Range

Rs772.80 - Rs1534.50

All Time High

Rs2970.50