Synopsis: Green energy stock recently operationalizes 510.1 MW across solar, wind and hybrid projects at Khavda, boosting total capacity to 17,982.3 MW, strengthening scale, execution visibility and near-term renewable revenue generation.
The shares of this Green energy stock is majorly engaged in the business of renewable power generation and other ancillary activities has a market capitalization of Rs. 1,40,636 Crores, the shares of Adani Green Energy Ltd were trading at around Rs. 854 per share which is nearly 27.5 percent discount from its 52 weeks high of Rs. 1179 per share and is trading at a P/E of 85.3 whereas industry P/E stands at 30.1
Capacity Mix Breakdown
Prior to this expansion, the company had an operational capacity of around 17,385 MW, comprising 11,868 MW solar, 2,421 MW wind, and 3,096 MW hybrid, with the remaining capacity classified under other sectors. With the addition of 510.1 MW (including 300 MW solar, 140.1 MW wind, and 70 MW hybrid), the total operational capacity has increased to 17,982.
Scale & Growth and Strategic Positives
With this addition, the total operational renewable capacity of the company has risen to 17,982.3 MW. This is a significant scale milestone for the company. This further consolidates the company’s position as a prominent player in the renewable space in India. This is also a reflection of the company’s aggressive growth strategy.
The location of the company in Khavda, Gujarat offers a significant locational advantage in terms of solar and wind potential. Furthermore, the mix of solar, wind, and hybrid plants will enable better load management, efficiency, and stability of power output during different seasons.
Revenue & Execution Impact and Sector Tailwinds
As the projects have already become operational, they would help in generating revenues immediately. This also reflects the company’s capability to implement projects in an efficient manner.
The expansion also comes at an time when India is focusing on renewable and green energy. With the growing need to use green energy and the government’s initiatives to promote the same, the company would certainly reap the benefits of the green energy sector.
Brokerage View
JM Financial has maintained a positive outlook on the green energy stock, assigning a ‘Buy’ rating with a target price of Rs. 1204. Compared to the current market price of Rs. 817, this implies an upside potential of approximately 47%, reflecting strong confidence in the company’s capacity expansion, execution track record, and long-term renewable growth prospects.
Financials
Year on Year analysis: Revenue from operations has increased from Rs. 2340 Crores to Rs. 2618 Crores, up 11 percent. Operating profit has increased from Rs. 1880 Crores to Rs. 2241 Crores, up 19 percent and net profit has decreased from Rs. 474 crores to Rs. 5 Crores , down 99 percent
Quarter on Quarter analysis: Revenue from operations has decreased from Rs. 3008 Crores to Rs. 2168 Crores, down 28 percent. Operating profit has decreased from Rs. 2603 Crores to Rs. 2241 Crores, down 14 percent and net profit has decreased from Rs. 644 Crores to Rs. 5 Crores, down 99.2 percent
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