Adani Green (ADANIGREEN)

FairStock Score: 45/100 — MIXED

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Channeling Graham and Buffett, I ask: what am I buying, and what am I paying? Adani Green is a power generation company with a ₹2.22 lakh Cr market cap, ₹1348 price, and a 5-year revenue CAGR of 32.85%. That is genuine top-line momentum. Sales grew 16.60% and profit 18.50%, but the latest quarter tells the real story: ₹2,618 Cr sales produced just ₹5 Cr net profit. Thin margin, capital intensity, and free cash flow of negative ₹11,464 Cr. The balance sheet carries Debt/Equity 3.47, ROE 12.24%, and ROCE 8.70%. High leverage with low returns isn't a durable moat in my book. Buffett would want pricing power and cash generation; Graham would want asset protection. Here, book value is ₹117.11 while price is ₹1348, P/B 11.51. Graham Number is ₹124.77, so margin of safety is -659.28%—I'm paying over ten times the Graham Number. P/E 129.87 and EV/EBITDA 582.83 leave no room for error. Altman Z-Score 1.37 suggests financial stress. Piotroski 6/9 is mildly reassuring, but zero dividend and negative FCF mean shareholders depend on external capital and future execution. Promoter holding 62.44% aligns some interests, but it doesn't fix valuation. The 52-week range ₹765-₹1631 shows volatility. FairStock 45/100 is mixed. As a value investor, I can admire the growth but cannot call this a bargain. I would wait for lower leverage, positive FCF, and valuation closer to book or Graham Number. Risk is high; patience is better.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer