Adani Green Energy Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Adani Green Energy Limited (AGEL) is a leading renewable energy company and part of the Adani Group, founded in 1988 by Gautam Adani. The company was established on January 23, 2015. AGEL is headquartered in Ahmedabad, Gujarat, and is led by Managing Director and CEO Vneet S. Jaain.AGEL focuses on solar, wind, and hybrid energy generation, with a presence across 11 Indian states. Its extensive renewable energy portfolio includes large-scale solar plants in Maharashtra, Punjab, Uttar Pradesh, and Tamil Nadu, as well as wind energy projects in Gujarat and Uttar Pradesh. The company also operates hybrid renewable energy projects in Rajasthan. AGEL has a total operational renewable portfolio of 11,184 MW.
Incorporation Year: 2015
Headquarters: Ahmedabad
Top Management: Founder Gautam Adani, CEO Vneet S. Jaain
Industry: Power - Transmission
Website: www.adanigreenenergy.com
Featured In Fortune India Ranking
Fortune 500 India
#226(2024)
#247(2023)
#297(2022)
#343(2021)
#226(2024)#247(2023)#297(2022)#343(2021)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
10,749
(INR Cr)
Net Operating Income
9,220
(INR Cr)
Assets
83,947
(INR Cr)
Profit
1,100
(INR Cr)
Net Worth
9,834
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 10749 23.9% | 8676 53.8% | 5642 60.8% | 3509 34.5% | 2610 30.4% | 2002 30.7% | 1531 163.2% | 582 - | 0 - |
| Net Operating Income (INR Cr) | 9220 18.57% | 7776 51.49% | 5133 64.31% | 3124 22.58% | 2549 23.84% | 2058 39.03% | 1480 195.08% | 502 0.00% | 0 0.00% |
| Profit (INR Cr) | 1100 12.9% | 974 99.2% | 489 132.9% | 210 - | -23 - | -474 - | -138 - | -47 - | -1 - |
| Assets (INR Cr) | 83947 32.7% | 63283 11.1% | 56970 110.6% | 27054 56.3% | 17309 31.6% | 13153 17.2% | 11220 102.0% | 5554 2365.1% | 225 - |
| Net Worth (INR Cr) | 9834 34.6% | 7304 179.4% | 2614 18.8% | 2200 -6.6% | 2357 21.9% | 1933 44.1% | 1341 11.5% | 1203 0.0% | 159 0.0% |
| Employee Cost (INR Cr) | 77 92.5% | 40 17.7% | 34 -10.5% | 38 -64.3% | 107 78.6% | 60 36.7% | 44 12.0% | 39 - | 0 - |
| Interest Cost (INR Cr) | 5006 | 2911 | 2617 | 1953 | 995 | 1121 | 552 | 334 | 1 |
| Cash & Bank Balance (INR Cr) | 8764 | 1984 | 1593 | 1019 | 695 | 361 | 457 | 187 | 0 |
| Total Debt (INR Cr) | 64858 | 54223 | 52832 | 24209 | 14866 | 11142 | 9864 | 4347 | 65 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 10.2% | 11.2% | 8.7% | 6.0% | - | - | - | - | - |
| Profit As % Of Assets | 1.3% | 1.5% | 0.9% | 0.8% | - | - | - | - | - |
| Profit As % Of Networth | 11.2% | 13.3% | 18.7% | 9.6% | - | - | - | - | - |
| Interest Cost to EBITDA % | 71.0% | 61.5% | 74.6% | 90.8% | 79.0% | 73.5% | 66.2% | 82.9% | - |
| Debt to Equity Ratio | 6.60 | 7.42 | 20.21 | 11.00 | 6.31 | 5.76 | 7.35 | 3.61 | 0.41 |
| RONW | 16.9% | 22.1% | 14.9% | 10.1% | - | - | - | - | - |
| ROCE | 10.0% | 7.6% | 7.3% | 9.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |