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HomeSHARE MARKETRenewable Energy Share Target 45 GW Capacity By 2030; Target ₹2400 And...

Renewable Energy Share Target 45 GW Capacity By 2030; Target ₹2400 And ₹2650

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Adani Green Energy (NSE: ADANIGREEN) Q3 Result: The net profit during its third period (October-December) in the current fiscal year 2023-24 was up more than 148 percent and reached Rs 256 crore. 

The profit earned by the company during the same period of the last financial year 2022-23 was 103 crore. 

Adani Green Energy shares rose 5.1 percent on Monday, to hit an intraday high of 1750 rupees. On Tuesday, the share is in a slight decline level at Rs 1,688.70.

This share reached its 52-week highest on January 27, 2023. today, the 52-week low price was Rs 439.10. The market value of the company is 2,67,440 crore. 

What Did The Company’s Statement Say?

In the report to the stock exchange, Adani Green Energy said that the company’s total earnings increased to Rs. 2,675 crore in the 3rd quarter of this fiscal year, up from 2,256 crore during the same period of the previous year’s financial year.

“With this announcement of debt and equity capital infusions and debt capital infusion, we have set up an asset management plan to ensure an appropriately secured growth path towards the 45 GW capacity that we have planned in 2030.”CEO Amit Singh said in an announcement.

“We are constantly improving our capabilities for execution by insisting on an agile supply chain that emphasizes localization massive digitalization, workforce growth, and capacity building,” he said, saying that the company is located in Khavra, Gujarat. 

They are also working on building the world’s biggest solar power plant that is renewable in India. 

The capacity of operations for the company increased by 16 percent per year at 8,478MW. 

Between April and December 2023, electricity sales grew by 59 percent year-over-year, up to 16,29.3 units. Experts have set a target of ₹2400 And ₹2650.

About Adani Green Energy

Adani Group is a diversified business in India that improves lives, generates value, and helps to empower. 

It has created an impressive infrastructure for transportation and utilities that spans across India. 

It has built an exceptional utility and transport infrastructure portfolio that is an all-India presence. Adani Group is headquartered in Ahmedabad located in Gujarat, India. 

Fundamental Analysis of Adani Green Energy

Market Cap₹ 2,67,440 Cr.
Current Price₹ 1,688.70 
52-wk High₹ 1,762.05
52-wk Low439.10
Stock P/E214.05
Book Value₹ 50.1
Dividend0.00 %
ROCE7.81 %
ROE22.8 %
Face Value₹ 10.0
P/B Value34.2
OPM83.0 %
EPS₹ 9.20
Debt₹ 57,378 Cr.
Debt to Equity7.23

Adani Green Energy Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1700₹ 1900
2025₹ 2000₹ 2400
2026₹ 2480₹ 2640
2027₹ 2700₹ 2800
2028₹ 2822₹ 2900
2029₹ 3000₹ 3189
2030₹ 3200₹ 3400
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Adani Green Energy Shareholding Pattern

Promoters Holding
Dec 202260.75%
Mar 202357.26%
June 202356.27%
Sept 202356.26%
Dec 202356.37%
FII Holding
Dec 202215.14%
Mar 202317.13%
June 202318.25%
Sept 202318.16%
Dec 202318.03%
DII Holding
Dec 20221.40%
Mar 20231.45%
June 20231.47%
Sept 20231.49%
Dec 20231.50%
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Public Holding
Dec 202222.70%
Mar 202324.16%
June 202324.00%
Sept 202324.09%
Dec 202324.10%

Adani Green Energy Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,058 Cr
2020₹ 2,549 Cr
2021₹ 3,124 Cr
2022₹ 5,133 Cr
2023₹ 8,951 Cr

Last 5 Years’ Net Profit:

2019₹ -475 Cr
2020₹ -68 Cr
2021₹ 182 Cr
2022₹ 489 Cr
2023₹ 1,457 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

201912.73
202018.45
202127.22
202243.86
20238.99

Last 10 Years’ Profit Growth:

10 Years:
5 Years:61%
3 Years:192%
Current Year:160%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:10%
3 Years:19%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:
5 Years:39%
3 Years:45%
Current Year:40%

Conclusion

This article is a complete guide about Adani Green Energy Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Fantastic Profits And Income; Double Return Expected; Now Share Target ₹2280

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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