Adani Green Energy has given stellar returns of 5,671% in just 3 years. The stock has rallied from Rs 32 to Rs 1,878, which is a return of 5,671%. Despite the company has shown poor revenue growth of 12.89% for the past 3 years, and has a negative cash flow from operations of -718Cr.
The company has more than 5,000 Crores debt, which is a considerable amount and the debt to equity is 2.15. On average debt to equity below 1 and 1 are considered normal, whereas debt to equity of 2.15 is pretty high.
The company is trading at a PE of 856, which is highly overvalued.
Abou the company
Adani Green Energy is one of the largest renewable companies in India. Adani Green Energy is part of the Adani Group’s promise to develop, build, own, operate, and maintain utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations.
On the back of long-term Power Purchase Agreements of 25 years with central and state government entities, Adani Green Energy has leveraged its capabilities and expanded its presence across many Indian states. The company deploys the latest technologies in its projects. With a portfolio of many operational projects and various projects under construction, Adani Green Energy is driving India on its renewable energy journey.
Products & Services Offered by the Company
- Solar power.
- Wind power.
- Hybrid power.
- Solar parks.
- Operationa Excellence.
