Adani Green Energy vs Suzlon Energy vs Inox Wind: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Adani Green Energy PE 100.05, mkt cap Rs 2,14,726 crore. Suzlon Energy PE 18.62, mkt cap Rs 58,662 crore. Inox Wind PE 32.26, mkt cap Rs 13,437 crore.
Quick Answer
Adani Green Energy vs Suzlon Energy vs Inox Wind is a side-by-side comparison of three companies from the Renewable Energy space. On this comparison, Adani Green Energy carries a market capitalisation of about Rs 2,14,726 crore against Rs 58,662 crore for Suzlon Energy and Rs 13,437 crore for Inox Wind, with return on equity of 9.24%, 33.43% and 6.35% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Adani Green Energy vs Suzlon Energy vs Inox Wind starts with the core numbers most investors compare within the Renewable Energy segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Renewable Energy bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Adani Green Energy, Suzlon Energy and Inox Wind: Company Overview
Adani Green Energy is a listed Indian company in the Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Suzlon Energy is a listed Indian company in the Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Inox Wind is a listed Indian company in the Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Adani Green Energy vs Suzlon Energy vs Inox Wind: Valuation and Profitability Snapshot
| Metric | Adani Green Energy | Suzlon Energy | Inox Wind |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,14,726 crore | Rs 58,662 crore | Rs 13,437 crore |
| PE Ratio (TTM) | 100.05 | 18.62 | 32.26 |
| PB Ratio | 11.13 | 6.21 | 2.11 |
| Return on Equity (ROE) | 9.24% | 33.43% | 6.35% |
| EPS (TTM, Rs) | 13.03 | 2.31 | 2.41 |
| Dividend Yield | 0.00% | 0.00% | 0.00% |
| Debt to Equity | 5.19 | 0.06 | 0.25 |
| Book Value per Share (Rs) | 117.11 | 6.93 | 36.93 |
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On valuation, Adani Green Energy trades at a PE of 100.05 and a PB of 11.13, Suzlon Energy at a PE of 18.62 and a PB of 6.21, while Inox Wind trades at a PE of 32.26 and a PB of 2.11. On return on equity, the three post 9.24%, 33.43% and 6.35% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%.
Adani Green Energy vs Suzlon Energy vs Inox Wind: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Adani Green Energy | Rs 4,663.00 crore | Rs 925.00 crore | +16.4% | +25.1% |
| Suzlon Energy | Rs 3,862.53 crore | Rs 305.22 crore | +22.0% | -30.0% |
| Inox Wind | Rs 871.70 crore | Rs 64.09 crore | +1.1% | -33.2% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three renewable energy names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Adani Green Energy vs Suzlon Energy vs Inox Wind highlights how differently three companies in the same renewable energy segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Adani Green Energy vs Suzlon Energy vs Inox Wind
What is the market cap difference between Adani Green Energy, Suzlon Energy and Inox Wind?
Ans. As of September 2026, Adani Green Energy has a market cap of approximately Rs 2,14,726 crore, Suzlon Energy is at approximately Rs 58,662 crore, and Inox Wind is at approximately Rs 13,437 crore.
Which of the three has the highest PE ratio?
Ans. Among Adani Green Energy, Suzlon Energy and Inox Wind, the PE ratios stand at 100.05, 18.62 and 32.26 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Adani Green Energy, Suzlon Energy and Inox Wind post ROE of 9.24%, 33.43% and 6.35% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Adani Green Energy, Suzlon Energy and Inox Wind carry dividend yields of 0.00%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for Adani Green Energy, Suzlon Energy and Inox Wind?
Ans. Adani Green Energy carries a debt to equity of 5.19, Suzlon Energy of 0.06, and Inox Wind of 0.25.
Which of the three trades at the highest price to book value?
Ans. Adani Green Energy, Suzlon Energy and Inox Wind trade at price to book ratios of 11.13, 6.21 and 2.11 respectively.
Is one of Adani Green Energy, Suzlon Energy or Inox Wind better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
