New Delhi:
Shares of Adani Green Energy saw a tremendous boom today. After the report of the Mcquiry, it climbed more than 4% in early trade today. The reason for this is that the Global Brokerage firm Mcquary has given this stock a ‘outperform’ rating and has fixed its target price of Rs 1,200. This means that it can go up to 40% from the current level.
What is the opinion of the Macquariry?
Macquariry has said in its report that Adani Green Energy is playing an important role in India’s energy revolution. The company is growing rapidly in renewable energy i.e. green energy. At present, the company has a production capacity of 12 GW (GW) and plans to increase it to 50 GW by 2030. If Adani Green is able to successfully complete her plan, then its stock can also go up to Rs 2,600, which shows a 200% gains from the current level.
The company’s financial performance improves
Talking about the latest results of Adani Green Energy, the company’s performance has been quite excellent. In the December 2024 quarter, the company’s net profit increased by 85% to Rs 474 crore, which was Rs 256 crore in the same period last year. Apart from this, the company’s revenue income (Revenue) also increased to Rs 1,993 crore, which was Rs 1,765 crore in the same period last year. The main reason for this was more earning from electricity supply.
How will the company perform in future?
Macqueli believes that Adani Green Energy’s profit will increase rapidly in the coming years. The brokerage firm has estimated that the company’s EBITDA (earlier earlier from interest, tax, deprotiation and amortization) will increase by an annual growth rate of 25% in the next 5 years (CAGR).
Apart from this, the company’s operating cash flow is estimated to be $ 1.8 billion every year, or about Rs 15,000 crore. However, the company will also have to invest more than $ 10 billion for its expansion by 2030.
Adai Green Energy expansion and goal
Adani Green Energy is investing on a large scale to increase its capacity. The biggest project of the company is Khawda Super-Site, from where a large amount of solar and wind energy will be produced. In addition, the company is working to make its production more efficient through new technology and high use rates.
Mcquiry says that if the company achieves its 50 GW target on time, its annual profit can reach a growth rate of 40%.
What indications for investors?
Mcquiry has made it clear in its report that Adani is one of the fastest growing companies in the Green Energy Energy Sector. The company’s strong cash flow, low debt burden and future growth possibilities make it attractive to investors.
If investors look at this stock from long -term perspective, then there is a possibility of growing further. However, risks are associated with every investment, so before any investment, take opinion from your financial advisor.
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