Adani Green Energy Limited (ADANIGREEN.NS) stock analysis

In our weekly check, Adani Green Energy Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 5.

About Adani Green Energy Limited

Adani Green Energy Limited is an Utilities company (Renewable Utilities) based in India, listed on NSE as ADANIGREEN.NS.

What our checks show for ADANIGREEN.NS

Red flags

• Net debt is 8.4x a year of EBITDA (debt/equity 5.55). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.1 times: a weak year could make the payments hard.
• Profits not backed by cash
• The stock has fallen as much as 84% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Free cash flow is only 0% of revenue.
• The price swings a lot: 44.2% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 5.7%.

Strengths

• The net margin rose by 3.1 points over 5 years, to 12.7%.
• The gross margin is 88.7% and has risen by 16.4 points: pricing power is holding.
• Analysts expect earnings per share to grow about 55.9% a year over the next years.
• Analysts expect revenue to grow about 35.8% a year over the next years.
• Analysts expect the net margin to improve by 6.8 points from today's 12.7%.
• Revenue grew 23.9% a year over the last 3 years.

Next earnings report: 2027-01-20

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Questions

What grade does Adani Green Energy Limited (ADANIGREEN.NS) have?

In our weekly check, Adani Green Energy Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ADANIGREEN.NS stock?

This week's biggest flags for Adani Green Energy Limited: High debt, Weak interest cover, Profits not backed by cash. In total 9 of 24 checks show a warning or a red flag.

What does Adani Green Energy Limited do?

Adani Green Energy Limited is an Utilities company (Renewable Utilities) based in India, listed on NSE as ADANIGREEN.NS.

When does Adani Green Energy Limited report earnings next?

The next earnings report is expected on 2027-01-20. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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