Power
Adani Power is an Integrated Power Utilities company based in Ahmedabad, India, with a stock ticker of ADANIPOWER. The company boasts a market capitalization of Rs. 195,219 Crores.
Engaged in the generation, transmission, and sale of electricity, Adani Power operates under various long-term, supplemental, medium, and short-term power purchase agreements (PPA), as well as on a merchant basis throughout India.
The company generates a significant amount of electricity, primarily through thermal energy sources, with a combined installed capacity of 15,250 MW. This includes several coal-based power plants distributed across various states:
Additionally, Adani Power operates a solar-based power plant with a capacity of 40 MW located at Bitta, Gujarat, and also engages in the coal trading business.
Founded in 1988, Adani Power has reported impressive financial performance with a trailing 12-month revenue of Rs. 58,251.8 Crores. The company is profitable, having made a profit of Rs. 12,887.6 Crores in the past four quarters. Over the last three years, it has achieved a remarkable revenue growth of 130.4%.
Profitability: Very strong Profitability. One year profit margin are 22%.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Dividend: Stock hasn't been paying any dividend.
Momentum: Stock has a weak negative price momentum.
Comprehensive comparison against sector averages
ADANIPOWER metrics compared to Power
Category | ADANIPOWER | Power |
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PE | 17.03 | 19.62 |
PS | 3.69 | 2.84 |
Growth | -2.3 % | 4.4 % |
ADANIPOWER vs Power (2021 - 2025)
Understand Adani Power ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
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GAUTAMBHAI SHANTILAL ADANI & RAJESHBHAI SHANTILAL ADANI (ON BEHALF OF S. B. ADANI FAMILY TRUST) | 36.86% |
FLOURISHING TRADE AND INVESTMENT LTD | 11.46% |
ADANI TRADELINE PRIVATE LIMITED | 10.34% |
EMERGING MARKET INVESTMENT DMCC | 6.74% |
OPAL INVESTMENT PVT LTD | 4.69% |
WORLDWIDE EMERGING MARKET HOLDING LIMITED | 3.79% |
ARDOUR INVESTMENT HOLDING LTD | 3.68% |
GOLDMAN SACHS TRUST II - GOLDMAN SACHS GQG PARTNER | 3.31% |
GQG PARTNERS EMERGING MARKETS EQUITY FUND | 1.79% |
FORTITUDE TRADE AND INVESTMENT LTD | 1.71% |
QUANT MUTUAL FUND - QUANT FLEXI CAP FUND | 1.28% |
HIBISCUS TRADE AND INVESTMENT LTD | 0.38% |
AFRO ASIA TRADE AND INVESTMENTS LIMITED | 0% |
ADANI PROPERTIES PRIVATE LIMITED | 0% |
GAUTAMBHAI SHANTILAL ADANI & PRITIBEN GAUTAMBHAI ADANI (ON BEHALF OF GAUTAM S. ADANI FAMILY TRUST) | 0% |
RAJESHBHAI SHANTILAL ADANI | 0% |
GAUTAMBHAI SHANTILAL ADANI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Analysis of Adani Power's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2025
Description | Share | Value |
---|---|---|
Power Generation and related activities | 99.3% | 14.1 kCr |
Trading, investment and other activities | 0.7% | 96 Cr |
Total | 14.2 kCr |
Summary of Adani Power's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: May 25
Management provided a positive outlook for Adani Power, emphasizing robust growth and strategic advancements. Key highlights include:
Power Generation: In FY25, Adani Power generated 102 billion units with a plant availability of 91%. Power sales increased by 20.7% to 95.9 billion units for the fiscal year and by 19% to 26.4 billion units in Q4 alone.
Capacity Expansion Plan: The company is set to expand its capacity to 30,670 MW by 2030. This includes the construction of three Brownfield projects, each of 1,600 MW at Mahan, Raipur, and Raigarh, all currently in active development. Additionally, the revival of a 1,320 MW expansion of Korba Power Limited is planned.
Order of Equipment: They have secured advance orders for 11.2 GW of ultra-supercritical boilers, turbines, and generators, intending to reduce execution risks and ensure timely commissioning.
Power Purchase Agreements (PPAs): Adani Power has signed PPAs for 2.92 GW of upcoming capacity and is actively bidding for long-term thermal power PPAs, with over 14 GW of bids currently in various stages and an expectation of more than 10 GW of additional bids soon.
Coal Mining Operations: The company has won four mine auctions with a total capacity of 14 MTPA, aiming to enhance its coal supply and logistics. One mine is expected to begin production this year.
Financial Performance: For FY25, total revenues surged by 10.8% to INR 56,473 crores, with a 14.8% increase in EBITDA to INR 21,575 crores. Profit after tax for FY25 was INR 12,750 crores compared to INR 20,829 crores in FY24.
Outlook on Merchant Power Rates: Management expressed optimism regarding merchant power rates for FY26, anticipating good demand-driven rates due to economic growth and limited new thermal capacity.
Capex Guidance: The planned capital expenditure for FY26 is projected at INR 13,307 crores, aimed at fulfilling expansion goals while being primarily funded through internal accruals.
This strategic approach positions Adani Power for continued growth within India's energy landscape.
Last updated: May 25
Question 1: Can you please update on the progress of under-construction power plants and what has been the capex incurred in FY25 and what will be our guidance for FY26?
Answer: We've initiated seven 2x800 MW expansion projects at various sites. Raipur-2 and Raigarh-2 are 21% and 16% complete, respectively, while Mahan-II is at 54%. We spent around INR 8,000 crores in FY25 and plan for INR 13,307 crores in FY26 for further development across multiple projects.
Question 2: Can you give us an update on the receivables from Bangladesh and the revenue path and EBITDA for the Godda power plant?
Answer: We've billed USD 2,000 million to Bangladesh and received USD 1,207 million. Currently, our outstanding amount, including late payment surcharges (LPS), is around USD 900 million. For Godda, we forecast an annual EBITDA of INR 4,820 crores and quarterly revenue of INR 8,352 crores.
Question 3: What was the merchant realization in the fourth quarter and the year-on-year number for last year? Also the outlook for merchant rates?
Answer: Merchant realization in Q4 FY25 was INR 5.03 per unit, compared to INR 6.17 in Q4 of last year. For FY24-25, it was INR 5.93, down from INR 6.92. Given the positive demand outlook from March '25, we expect solid rates and demand through the year.
Question 4: Could you elaborate on the NCLT plants and their operational status?
Answer: All acquired plants are operational except for Lanco Amarkantak, where two units are under construction, expected to commission by early next year. Additionally, VIPL will soon be added once the NCLT order is finalized, contributing 600 MW.
Question 5: Can you share the average PPA tariff for FY25?
Answer: Our average PPA tariff for FY25 was INR 5.60 per unit.
Question 6: How will the capex be funded? Are you planning to raise any debt?
Answer: Most capex will be funded through internal accruals. Last year's EBITDA was over INR 21,000 crores, which is expected to grow. We believe our strong cash flow generation can fully support our capex needs without additional borrowing.
Question 7: What's the status of the fuel supply agreements for new capacity?
Answer: Tenders for new capacity are issued by states like Madhya Pradesh (4,100 MW) and Bihar (2,400 MW). These include coal supply commitments, ensuring no concerns over coal availability for new projects, as allocations from the Ministry of Coal are being provided.
Question 8: What strategy do you have for low afternoon power prices in the merchant market?
Answer: We avoid full exposure to the Day Ahead Market by securing bilateral contracts from one month to a year ahead, ensuring better realizations. We're focusing on a mix of bilateral and exchange sales to manage pricing pressures effectively.
These answers summarize the key inquiries during the Q&A session while adhering to the specified character limit and detail requirements.
Updated Jun 17, 2025
The stock showed a loss of 0.68% as of 12.18 PM.
Trading volume was 5.41 million shares, which is below the 20-day average of 11.51 million, indicating investor caution.
The stock's 52-week range highlights volatility, with prices fluctuating from ₹432.00 to ₹769.70.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Investor Care | |
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Shares Dilution (1Y) | 0.00% |
Diluted EPS (TTM) | 32.22 |
Financial Health | |
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Current Ratio | 1.6 |
Debt/Equity | 0.66 |
Debt/Cashflow | 0.56 |
Valuation | |
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Market Cap | 2.15 LCr |
Price/Earnings (Trailing) | 16.88 |
Price/Sales (Trailing) | 3.65 |
EV/EBITDA | 10.55 |
Price/Free Cashflow | 21.65 |
MarketCap/EBT | 13.16 |
Fundamentals | |
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Revenue (TTM) | 58.91 kCr |
Rev. Growth (Yr) | 4.71% |
Rev. Growth (Qtr) | -2.01% |
Earnings (TTM) | 12.75 kCr |
Earnings Growth (Yr) | -5.04% |
Earnings Growth (Qtr) | -11.59% |
Profitability | |
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Operating Margin | 27.77% |
EBT Margin | 27.77% |
Return on Equity | 22.11% |
Return on Assets | 11.29% |
Free Cashflow Yield | 4.62% |
Detailed comparison of Adani Power against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
NTPC | NTPCPower Generation | 3.24 LCr | 1.89 LCr | -2.51% | -9.21% | 14.39 | 1.72 | +6.49% | +14.37% |
TATAPOWER | Tata Power Co.Integrated Power Utilities | 1.27 LCr | 66.01 kCr | -2.49% | -11.80% | 28.11 | 1.92 | +9.77% | +8.18% |
JSWENERGY | JSW EnergyPower Generation | 87.79 kCr | 12.02 kCr | -0.31% | -26.52% | 45.88 | 7.3 | +1.30% | +15.18% |
TORNTPOWER | TORRENT POWERIntegrated Power Utilities | 71.03 kCr | 29.71 kCr | -2.31% | -11.86% | 29.25 | 2.39 | +9.88% | +25.64% |
RPOWER | Reliance PowerPower Generation | 25.56 kCr | 8.39 kCr | +41.18% | +103.16% | 10.54 | 3.05 | +5.51% | +271.49% |
RELINFRA | Reliance InfrastructureIntegrated Power Utilities | 14.59 kCr | 24.51 kCr | +31.77% | +76.24% | 17.84 | 0.6 | +11.68% | +123.14% |
General • 17 Jun 2025 Adani Power Limited has informed the Exchange about the Corrigendum to Notice of 29th Annual General Meeting |
Investor Presentation • 09 Jun 2025 Adani Power Limited has submitted to the Exchange, a copy of the Credit and Results Summary for June 2025. |
Investor Presentation • 09 Jun 2025 Adani Power Limited has submitted to the Exchange, a copy of the updated Investor Presentation. |
Analyst / Investor Meet • 05 Jun 2025 Adani Power Limited has informed the Exchange regarding Analyst / Investor Meet. |
Analyst / Investor Meet • 02 Jun 2025 Adani Power Limited has informed the Exchange about the Analyst / Investor Meet scheduled on June 3, 2025 |
Newspaper Publication • 01 Jun 2025 Adani Power Limited has submitted to the Exchange, a copy of the Newspaper Publication informing about the Notice of 29th Annual General Meeting and E-voting Information. |
Change in Directorate • 31 May 2025 Adani Power Limited has informed the Exchange regarding appointment of 3 Additional Directors. |