Aditya Birla Renewables Limited (formerly Grasim Industries’ renewables arm, now a standalone listed entity as of late 2024) is a key player in India’s clean energy transition, operating utility-scale solar and wind power assets. Backed by the Aditya Birla Group, the company aims to scale its renewable portfolio to 10 GW by 2030. However, recent financials show significant revenue and profit contraction due to asset demerger accounting and operational ramp-up costs. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030.
Incorporated: As a separate listed entity in October 2024, following demerger from Grasim
Core Business: Development, ownership, and operation of solar and wind power projects across India
Current Portfolio: ~2.5 GW of operational and under-construction renewable capacity
Strategic Goal: Scale to 10 GW by 2030 with investments exceeding ₹50,000 Cr
Ownership: Promoter-controlled with 50.21% stake, held by Aditya Birla Group
Aditya Birla Renewables: Key Financial Snapshot
Metric
Value
Market Capitalization
₹16,160.13 Cr
Current Share Price
₹1,447 (as of Feb 2026)
P/E (TTM)
Not applicable (negative EPS)
P/B (TTM)
3.59
Book Value (TTM)
₹402.54
EPS (TTM)
–₹0.85
ROE
–0.35%
ROCE
2.01%
Dividend Yield
0.14%
Sales Growth (TTM)
–30.73%
Profit Growth (TTM)
–106.79%
Cash Reserves
₹291.26 Cr
Debt
₹3,822.80 Cr
Face Value
₹10
Aditya Birla Renewables Share Price Target Forecast (2026–2030)
Year
Target Price Range (₹)
2026
₹1,500 – ₹1,700
2027
₹1,700 – ₹2,000
2028
₹1,900 – ₹2,400
2029
₹2,100 – ₹2,700
2030
₹2,300 – ₹3,100
Targets assume successful execution of the 10 GW roadmap, stable PPA tariffs, and gradual improvement in return ratios.
Aditya Birla Renewables Share Price Target 2026
Year
Share Price Target 1
Share Price Target 2
2026
₹1,500
₹1,700
Current losses are transitional; focus is on asset commissioning
High debt (₹3,823 Cr) reflects aggressive capex—typical for early-stage renewables
Risk: Low ROCE (2%) and negative earnings limit near-term re-rating
Aditya Birla Renewables Share Price Target 2027
Year
Share Price Target 1
Share Price Target 2
2027
₹1,700
₹2,000
Expected commissioning of 1+ GW of new capacity could drive revenue visibility
Long-term PPAs provide stable cash flows once operational
The dividend is minimal (0.14% yield), as cash is reinvested in growth
Aditya Birla Renewables Share Price Target 2028
Year
Share Price Target 1
Share Price Target 2
2028
₹1,900
₹2,400
By 2028, the cumulative effect of 5+ GW operational capacity should be reflected in EBITDA
Valuation may stabilize if ROCE improves above 5%
Execution risk: Land acquisition, grid connectivity, and regulatory delays
Aditya Birla Renewables Share Price Target 2029
Year
Share Price Target 1
Share Price Target 2
2029
₹2,100
₹2,700
Long-term tailwinds from India’s 500 GW non-fossil target by 2030
Potential green bond issuances or INVIT structures could unlock value
Debt-to-equity will remain high but manageable with group backing
Aditya Birla Renewables Share Price Target 2030
Year
Share Price Target 1
Share Price Target 2
2030
₹2,300
₹3,100
If ABREL achieves an 8–10 GW scale with 8%+ ROCE, ₹3,000+ is achievable
Targets beyond ₹3,200 require merchant power exposure or international expansion—not currently visible
Aditya Birla Group’s balance sheet support reduces refinancing risk
Aditya Birla Renewables: Shareholding Pattern
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Category
Holding (%)
Promoters
50.21%
Public (Retail)
23.95%
Domestic Institutions (DII)
16.89%
Foreign Institutions (FII)
8.96%
Others
0%
Promoter holding is stable with no pledging reported, reflecting strong group commitment.
Aditya Birla Renewables: Strengths vs Risks
Strengths
Backed by Aditya Birla Group—strong balance sheet and credibility
Clear 10 GW by 2030 roadmap with committed capex
Long-term PPA-backed revenue model reduces merchant risk
Strategic alignment with India’s energy transition goals
Risks
Negative EPS and ROE in the initial years
High debt (₹3,823 Cr) increases interest burden
Low current ROCE (2%)—typical for capex phase, but limits valuation
No meaningful dividends in the near term
Investment Suitability
Factor
Assessment
Risk Profile
High (early-stage infrastructure)
Time Horizon
Long-term (5+ years)
Volatility
High
Dividend/Income
Negligible (0.14% yield)
Ideal Investor
Thematic investor betting on India’s renewable energy future with high risk tolerance
FAQs
A realistic range is ₹1,500 to ₹1,700, based on asset commissioning timeline and group support.
Credible estimates suggest ₹2,300 to ₹3,100 by 2030, assuming successful scale-up to 10 GW.
Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
The Aditya Birla Group holds 50.21% through promoter entities.
Technically yes, but minimally. Current dividend yield is 0.14%, as most cash is reinvested in growth.
The stock corrected due to negative EPS, high debt, low ROCE, and concerns over execution speed in a capital-intensive sector.
No. It carries ₹3,822.80 crore in debt, which is expected given its aggressive renewable energy expansion plan.
Final Verdict
Aditya Birla Renewables is a long-duration thematic bet on India’s clean energy future. While current financials are weak due to demerger and capex, the company has strong backing, a clear strategy, and policy tailwinds. Our 2026–2030 price targets (₹1,500–₹3,100) reflect potential—but only for investors with high risk tolerance and a 5+ year horizon. Not suitable for income or short-term investors.
Disclaimer: This article is for educational purposes only. It is not investment advice. Please consult a SEBI-registered advisor before making any investment decision.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
