Introduction

In the current investment landscape, identifying lucrative shares is crucial for maximizing returns. Adani Green Energy Limited, a prominent player in India’s renewable energy sector, has shown substantial growth potential. This blog delves into Adani Green Share Price Target for 2024, 2025, 2027, 2030, and 2040, offering insights into the company’s financial health, business strategy, and market position.

What is Adani Green Energy Limited?

Adani Green Energy Limited (AGEL) is an Indian renewable energy company established in 2015. Headquartered in Ahmedabad, AGEL is a subsidiary of the Adani Group, focusing on solar and wind energy. The company operates a wind and solar power plant portfolio of 5,280 MW across 11 Indian states.

Overview of Adani Green Energy Limited

Incorporated under the Companies Act in 2013, AGEL has grown to operate 46 renewable energy projects. The company’s market capitalization stands at ₹2,97,814.78 crore, with a book value of ₹28.12 and a face value of ₹10. AGEL’s 52-week high is ₹2,245.85, and its 52-week low is ₹816.

Financial Data Analysis

AGEL’s financial performance, including key ratios such as PE, ROA, current ratio, and ROE, provides a comprehensive view of its stability and growth prospects.

Historical Performance

AGEL’s shares have demonstrated a bullish trend, offering significant returns to investors. Over the last five years, the share price has surged by 4,212.14%, highlighting the company’s robust growth trajectory.

Share Price Targets

Adani Green 2024 Price Targets:

AGEL’s strategic focus on solar energy projects has significantly boosted its earnings. With substantial growth in total revenue and operating revenue, the share price target for 2024 is set at ₹1,880.74, with a secondary target of ₹2,025.26.

Adani Green 2025 Price Targets:

The company’s expansive solar operations and ambitious development plans project the share price to reach ₹2,245.63 by 2025, with a secondary target of ₹2,541.52.

Adani Green 2027 Price Targets:

AGEL’s diversified portfolio, including hybrid and wind projects, supports a projected share price target of ₹2,910.66 for 2027, with a secondary target of ₹3,174.45.

Adani Green 2030 Price Targets:

With continued growth in renewable energy projects and expanding market presence, AGEL’s share price target for 2030 is projected to be ₹3,847.41, with a secondary target of ₹4,189.45.

Adani Green 2040 Price Targets:

By 2040, leveraging advancements in hybrid power generation and international market expansion, AGEL’s share price target is anticipated to reach ₹7,445.65, with a secondary target of ₹7,741.78.

Peer Comparison

AGEL competes with several prominent companies in the renewable energy sector, including Tata Power Limited, GVK Power and Infrastructure Limited, Agni Green, and Banka Bioloo. These comparisons offer insights into AGEL’s market positioning and growth potential.

Investors and Holding Patterns

AGEL’s investor base comprises promoters, public investors, FIIs, and DIIs, each contributing to the company’s growth dynamics.

Advantages and Disadvantages

Advantages:

• Robust revenue growth (70.12% in the last 3 years).
• Strong promoter holding capacity (56.20%).
• Increasing FII investor ratio.

Disadvantages:

• Poor profit growth (-215.52% in the last 3 years).
• Low ROE percentage (-8.30% in the last 3 years).
• High debt with a low interest cover ratio (0.69).

Also Read: Adani Ports Share Price Target 2024, 2025, 2027, 2030, 2040

FAQs

Conclusion

Adani Green Energy Limited presents a compelling investment opportunity in the renewable energy sector, driven by its strategic focus and robust growth trajectory. While the company has some challenges, its long-term prospects appear promising, particularly for investors looking for exposure to sustainable energy solutions.

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