Adani Green Energy Ltd.

Financial

	Adani Green Energy	Torrent Power	JSW Energy
Operational Metrics
Power Generation Sector
Generation Capacity - Electricity	10934.0 MW	4159.5 MW	7189.0 MW
Renewable
Generation Capacity - Renewable	10934.0 MW	1067.5 MW	2290.0 MW
Solar Power
Generation Capacity - Solar	7393.0 MW	263.0 MW	675.0 MW
Capacity Utilization - Solar	22.41 %	18.7 %	n/a
Realization/Unit - Solar	4.04 Rs/Unit	n/a	n/a
Wind
Generation Capacity - Wind	1401.0 MW	804.5 MW	1615.0 MW
Capacity Utilization - Wind	23.44 %	24.3 %	n/a
Realization/Unit - Wind	3.19 Rs/Unit	n/a	n/a
Financials
5 yr Average ROE	4.52 %	11.87 %	7.73 %
5yr average Equity Multiplier	26.84	2.57	2.37
5yr Average Asset Turnover Ratio	0.12	0.61	0.25
5yr Avg Net Profit Margin	0.96 %	7.5 %	13.57 %
Price to Book	28.96	6.02	5.65
P/E	258.94	38.54	68.35
5yr Avg Cash Conversion Cycle	95.65 Days	36.98 Days	72.25 Days
Inventory Days	38.06 Days	13.88 Days	26.7 Days
Days Receivable	94.04 Days	27.34 Days	38.9 Days
Days Payable	834.71 Days	0.0	21.51 Days
5yr Average Interest Coverage Ratio	1.03	2.71	2.64
5yr Avg ROCE	8.05 %	13.21 %	8.66 %
5yr Avg Operating Profit Margin	80.31 %	25.92 %	41.5 %
5 yr average Debt to Equity	23.84	0.94	0.83
5yr CAGR Net Profit	n/a	18.69 %	16.28 %
5yr Average Return on Assets	-0.08 %	4.61 %	3.31 %
Shareholdings
Promoter Holding	56.37 %	53.57 %	69.32 %
Share Pledged by Promoters	1.02 %	0.0	10.8 %
Change in Promoter Holding (3 Yrs)	0.08 %	0.0	-5.36 %
Change in Mutual Fund Holding (3 Yrs)	0.07 %	0.93 %	-0.75 %

Business

	Adani Green Energy	Torrent Power	JSW Energy
Product Wise Break-Up	Product Wise Break-Up Power 65.98 Trading 16.93 EPC 0 Regasified Liquefied Natural Gas(RLNG) 0 Revenue from sale of cable products 0 Revenue from power supply 0 Operator Fees 0 Power Generation (Job Work) 0 Income from transmission 0 Sale of power 0 Others 17.09	Product Wise Break-Up EPC 0 Cables 1.4 Trading 0 Power 85.65 Income from transmission 0 Power Generation (Job Work) 0 Operator Fees 0 Sale of power 0 Regasified Liquefied Natural Gas (RLNG) 11.94 Power 0 Others 1.01	Product Wise Break-Up EPC 0 Revenue from sale of cable products 0 Trading 0 Revenue from power supply 0 Transmission 0.69 Generation 6.08 Operator Fees 2.1 Power 85.42 Regasified Liquefied Natural Gas(RLNG) 0 Power 0 Others 5.71
Segment Break-Up	Segment Break-Up Renewable Energy 100.0 Construction Contracts 0	Segment Break-Up Construction Contracts 0 Renewable Energy 0 Others 100	Segment Break-Up Construction Contracts 0 Renewable Energy 0 Others 100
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0
Capacity Break-Up	Capacity Break-Up Solar Power 76.54 Wind 10.98 Thermal 0 Others 12.48	Capacity Break-Up Thermal and Hydro 72.33 Wind 21.52 Solar Power 0 Others 6.15	-