Synopsis:
Jefferies recommends “Buy” on Adani Green Energy with a target of ₹1,300, implying a 28.73% upside potential.
This Adani Group Stock, engaged in developing, owning, and operating large-scale renewable energy projects, is engaged in solar, wind, and hybrid power generation across India and is in focus after Jefferies gave a target of Rs. 1,300, which has an upside potential of 29 percent.
With a market capitalization of Rs. 159,971.44 crore, the shares of Adani Green Energy Limited were currently trading at Rs. 1,009.90 per equity share, down nearly 0.51 percent from its previous day’s close price of Rs. 1,015.10.
Jefferies, a prominent brokerage firm, has recommended a “Buy” call on Adani Green Energy Limited with a target price of Rs. 1,300 per share, indicating an upside potential of 28.73 percent.
Jefferies has given a positive outlook on Adani Green Energy Limited due to strong Q1FY26 performance. The company’s EBITDA rose by 26 percent, beating estimates by 3 percent, mainly due to a 42 percent year-on-year increase in power generation. Better capacity utilization and the addition of 1.6 GW in Q1 also supported this growth.
In response, Jefferies raised its EBITDA estimates for FY26E to FY28E by 4-5 percent to factor in the Q1 results. The management has expressed strong confidence in achieving a 5 GW capacity addition target in FY26E, which, if achieved, could further boost earnings.
Overview: Adani Green Energy Limited (AGEL) is India’s largest renewable energy company, headquartered in Ahmedabad. It focuses on developing, owning, and operating utility-scale renewable power plants, including solar, wind, hybrid, and hydro-pumped storage.
The company has an operational renewable energy capacity of over 14 GW across 12 states and aims to reach 50 GW by 2030, supporting India’s decarbonization goals. The company is known for large projects such as the Kamuthi Solar Power Project and the world’s largest hybrid renewable cluster in Jaisalmer.
Adani Green Energy Limited (AGEL) was founded in January 2015 and is majority-owned by the Adani Group, a major Indian conglomerate, along with minority ownership by TotalEnergies. It has grown rapidly, surpassing 15,000 MW capacity and executing projects with over 55 million solar modules and 1,177 wind turbines.
Coming into financial highlights, Adani Green Energy Limited’s revenue has increased from Rs. 2,794 crore in Q1 FY25 to Rs. 3,800 crore in Q1 FY26, which has grown by 36.01 percent. The net profit has also grown by 31 percent from Rs. 629 crore in Q1 FY25 to Rs. 824 crore in Q1 FY26.
Adani Green Energy Limited’s revenue and net profit have grown at a CAGR of 29.75 percent and 59.95 percent, respectively, over the last four years. In terms of return ratios, the company’s ROCE and ROE stand at 8.70 percent and 14.6 percent, respectively. Adani Green Energy Limited has an earnings per share (EPS) of Rs. 10.7, and its debt-to-equity ratio is 6.59x.
Written By – Nikhil Naik
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