Adani Green Energy Ltd.

Financial

	Adani Green Energy	Tata Power	Adani Power
Operational Metrics
Power Generation Sector
Generation Capacity - Electricity	14243.0 MW	15733.0 MW	17550.0 MW
Renewable
Generation Capacity - Renewable	14243.0 MW	5550.0 MW	n/a
Generation Capacity - Solar	10103.0 MW	4516.0 MW	n/a
Capacity Utilization - Solar	22.41 %	25.0 %	n/a
Realization/Unit - Solar	3.45 Rs/Unit	n/a	n/a
Generation Capacity - Wind	2000.0 MW	1034.0 MW	n/a
Capacity Utilization - Wind	23.44 %	13.0 %	n/a
Realization/Unit - Wind	3.65 Rs/Unit	n/a	n/a
Financials
5 yr Average ROE	21.49 %	9.45 %	28.62 %
5yr average Equity Multiplier	22.68	4.57	3.48
5yr Average Asset Turnover Ratio	0.1	0.4	0.43
5yr Avg Net Profit Margin	10.72 %	5.13 %	22.92 %
Price to Book	14.8	3.53	3.82
P/E	109.83	31.86	16.64
5yr Avg Cash Conversion Cycle	53.29 Days	7361.76 Days	104.42 Days
Inventory Days	4.84 Days	24.67 Days	27.07 Days
Days Receivable	46.91 Days	36.54 Days	80.2 Days
Days Payable	115.58 Days	-1460.03 Days	14.75 Days
5yr Average Interest Coverage Ratio	1.28	2.02	4.08
5yr Avg ROCE	8.98 %	8.1 %	19.42 %
5yr Avg Operating Profit Margin	72.37 %	18.32 %	33.68 %
5 yr average Debt to Equity	19.6	1.82	1.9
5yr CAGR Net Profit	47.05 %	28.64 %	59.08 %
5yr Average Return on Assets	1.12 %	2.1 %	10.84 %
Shareholdings
Promoter Holding	60.94 %	46.86 %	74.96 %
Share Pledged by Promoters	0.0	0.0	1.81 %
Change in Promoter Holding (3 Yrs)	-0.33 %	0.0	-0.01 %
Change in Mutual Fund Holding (3 Yrs)	0.87 %	4.8 %	1.64 %

Business

	Adani Green Energy	Tata Power	Adani Power
Product Wise Break-Up	Product Wise Break-Up Power 81.33 Equipment`s and Related services 11.74 EPC 0 Thermal & Hydro 0 Transmission & Distribution 0 Distribution and Others. 0 Renewables 0 Others 6.93	Product Wise Break-Up Equipment`s and Related services 0 Distribution and Others. 0 EPC 0 transmission 52.0 Thermal & Hydro 28.68 Renewable Energy 18.74 Power 0 Others 0.58	-
Segment Break-Up	Segment Break-Up Renewable Energy 79.93 Construction Contracts 0 Trading & Investment 0 Power Generation 0 Others 20.07	-	Segment Break-Up Construction Contracts 0 Coal 0.67 Renewable Energy 0 Power 99.33
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0.16 India 99.84	Location Wise Break-Up Rest of the World 14.13 India 85.87
Operating Profit Break-Up	Operating Profit Break-Up Renewable Power Generation 76.15 Sale of Goods/ Equipments and Related Services 23.85 Thermal & Hydro 0 Transmission and Distribution 0 Renewables 0 APL (Standalone ) 0 Coastal 0 Hinterland 0 Near Pit Head 0 Regulated Utility 0	Operating Profit Break-Up 0 Renewable Power Generation 0 Transmission and Distribution 31.21 APL (Standalone ) 0 Near Pit Head 0 Thermal & Hydro 31.32 Coastal 0 Renewables 37.48 Hinterland 0 Regulated Utility 0	Operating Profit Break-Up 0 Renewable Power Generation 0 Transmission and Distribution 0 APL (Standalone ) 0 Near Pit Head 52.85 Thermal & Hydro 0 Coastal 28.4 Renewables 0 Hinterland 9.58 Regulated Utility 0 Others 9.17
Capacity Break-Up	Capacity Break-Up Solar Power 71.0 Wind 13.0 Hydro 0 Thermal 0 Others 16.0	Capacity Break-Up Thermal and Hydro 34.52 Hydro 3.43 Solar Power 0 Wind 3.25 Others 58.8	Capacity Break-Up Thermal and Hydro 100.0 Hydro 0 Solar Power 0 Wind 0
Asset Break-Up	Asset Break-Up Thermal & Hydro 0 Transmission and Distribution 0 Renewables 0 Others 100	Asset Break-Up Thermal & Hydro 25.34 Transmission and Distribution 29.17 Renewables 32.77 Others 12.72	-

Adani Green Energy Ltd.

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