Shares of Adani Green Energy Ltd surged to ₹1,085.50, up 1.37% in today’s trading, as investors responded to its leadership position in India’s renewables space. The company, which develops, owns and operates utility-scale solar, wind and hybrid renewable energy plants, currently boasts an operational capacity of 14.2 GW. 

However, the fundamentals paint a nuanced picture. The stock trades at a steep P/E ratio of 75.90, versus an industry average of approximately 23.23.  With a book value of ₹118.53 and price-to-book of 9.04, the premium for future growth is baked in. Debt-to-equity remains moderate at 4.52, but the lack of dividend yield highlights its reinvestment-centric model. 

For investors, the stock offers exposure to India’s decarbonisation theme and large-scale renewable growth potential. Yet the rich valuation means patience and disciplined risk management are key, especially in an environment of regulatory shifts and capital-intensive expansion.