Adani Power vs Adani Green Energy: share price, P/E, ROE and financials compared
Adani Power
Adani Green Energy
Adani Power and Adani Green Energy at a glance
Adani Power and Adani Green Energy are both listed in Power. Adani Power is the larger by market cap, at ₹3.9L Cr against ₹2.3L Cr for Adani Green Energy (1.7 times as large). On valuation, Adani Power has the lower P/E (21.6× against 129.5×) and the lower price-to-book (5.13× against 11.46×). On returns and margins, Adani Power has the higher ROCE (15.1% against 6.3%) and the higher ROE (27.0% against 7.3%), while Adani Green Energy has the higher operating margin (90.8% against 38.7%). Over three years, Adani Green Energy has faster 3-year sales growth (+16.6% against +12.5% a year) and faster 3-year profit growth (+19.3% against +6.2% a year). Adani Power carries less debt for its equity, with a debt-to-equity of 0.80× against 3.75×.
Key metrics, side by side
| Metric | Adani PowerADANIPOWER | Adani Green EnergyADANIGREEN |
|---|---|---|
| Price (₹) | 204.29 | 1,424.10 |
| Market cap (₹ Cr) | 3,93,967 | 2,34,574 |
| P/E | 21.6× (the lower figure, shaded) | 129.5× |
| P/B | 5.13× (the lower figure, shaded) | 11.46× |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | 27.0% (the higher figure, shaded) | 7.3% |
| ROCE | 15.1% (the higher figure, shaded) | 6.3% |
| Operating margin (OPM) | 38.7% | 90.8% (the higher figure, shaded) |
| Net margin (NPM) | 28.0% (the higher figure, shaded) | 12.6% |
| Sales CAGR 3Y | +12.5% | +16.6% (the higher figure, shaded) |
| Profit CAGR 3Y | +6.2% | +19.3% (the higher figure, shaded) |
| Debt to equity | 0.80× (the lower figure, shaded) | 3.75× |
| Interest cover | 6.2× (the higher figure, shaded) | 1.3× |
| Net profit TTM (₹ Cr) | 18,222 | 1,874 |
| 1Y return | +28.8% | +30.2% (the higher figure, shaded) |
| Promoter holding | 74.96% | 62.43% |
Adani Power vs Adani Green Energy: common questions
Which is bigger, Adani Power or Adani Green Energy?
By market cap, Adani Power is bigger at ₹3.9L Cr, against ₹2.3L Cr for Adani Green Energy (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹18,222 Cr for Adani Power and ₹1,874 Cr for Adani Green Energy.
Which has a lower P/E ratio, Adani Power or Adani Green Energy?
Adani Power trades at a P/E of 21.6× and Adani Green Energy at 129.5×. Adani Power has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Adani Power or Adani Green Energy?
Adani Power reports a return on equity of 27.0% and Adani Green Energy 7.3%. Adani Power has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Adani Power or Adani Green Energy?
Over the last three years: Sales grew +12.5% a year at Adani Power and +16.6% at Adani Green Energy, so Adani Green Energy grew sales faster; profit grew +6.2% a year at Adani Power and +19.3% at Adani Green Energy, so Adani Green Energy grew profit faster. Past growth doesn’t predict future growth.