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Adani Green draws mixed-to-bullish calls as analysts back FY30 capacity and EBITDA growth
Adani Green drew mostly positive analyst calls despite a 15% decline from its July high. Brokerages cited capacity expansion, storage additions, Rs 2.1 lakh crore capex and improving leverage, with price targets ranging from Rs 1,000 to Rs 1,800.
Reported figures
From the report. Source details below
| Shares down 15% from 52-week high of | Rs 1,631.35 |
|---|---|
| Shares up | 33.55% year-to-date |
| FY26 run-rate EBITDA: | Rs 16,100 crore |
| FY30 EBITDA guidance: | Rs 55,000-60,000 crore |
| Projected operating cash flow: | Rs 20,000 crore |
| Axis Capital target: | Rs 1,704 |
| Elara target: | Rs 1,502 |
| Emkay Global target: | Rs 1,650 |
Also in the report
- 20.1GW operational capacity
- 2.5x renewable-capacity growth projected by FY30
- Over 12GW annual additions
- Net debt/EBITDA projected at 4.7x by FY32
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