Power
Valuation | |
|---|---|
| Market Cap | 2.22 LCr |
| Price/Earnings (Trailing) | 18.48 |
| Price/Sales (Trailing) | 3.82 |
| EV/EBITDA | 11.08 |
| Price/Free Cashflow | 22.31 |
| MarketCap/EBT | 14.16 |
| Enterprise Value | 2.6 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 58.01 kCr |
| Rev. Growth (Yr) | -5.8% |
| Earnings (TTM) | 12.14 kCr |
| Earnings Growth (Yr) | -15.5% |
Profitability | |
|---|---|
| Operating Margin | 27% |
| EBT Margin | 27% |
| Return on Equity | 21.05% |
| Return on Assets | 10.75% |
| Free Cashflow Yield | 4.48% |
Growth & Returns | |
|---|---|
| Price Change 1W | 1.4% |
| Price Change 1M | -4.5% |
| Price Change 6M | 16.4% |
| Price Change 1Y | -16.8% |
| 3Y Cumulative Return | 20.5% |
| 5Y Cumulative Return | 73.4% |
| 7Y Cumulative Return | 51.6% |
| 10Y Cumulative Return | 35.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -17.14 kCr |
| Cash Flow from Operations (TTM) | 21.5 kCr |
| Cash Flow from Financing (TTM) | -5.18 kCr |
| Cash & Equivalents | 319.86 Cr |
| Free Cash Flow (TTM) | 9.94 kCr |
| Free Cash Flow/Share (TTM) | 25.78 |
Balance Sheet | |
|---|---|
| Total Assets | 1.13 LCr |
| Total Liabilities | 55.24 kCr |
| Shareholder Equity | 57.67 kCr |
| Current Assets | 26.31 kCr |
| Current Liabilities | 16.44 kCr |
| Net PPE | 69.03 kCr |
| Inventory | 3.32 kCr |
| Goodwill | 204.52 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.34 |
| Debt/Equity | 0.66 |
| Interest Coverage | 3.63 |
| Interest/Cashflow Ops | 7.35 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
|---|---|
| Max Drawdown | -30.1% |
| Drawdown Prob. (30d, 5Y) | 63.08% |
| Risk Level (5Y) | 61.7% |
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 31.12 |
Financial Health | |
|---|---|
| Current Ratio | 1.6 |
| Debt/Equity | 0.66 |
Technical Indicators | |
|---|---|
| RSI (14d) | 41.6 |
| RSI (5d) | 57.42 |
| RSI (21d) | 39.93 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 21%.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 20.5% return compared to 11.6% by NIFTY 50.
Momentum: Stock has a weak negative price momentum.
Dividend: Stock hasn't been paying any dividend.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 21%.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 20.5% return compared to 11.6% by NIFTY 50.
Momentum: Stock has a weak negative price momentum.
Dividend: Stock hasn't been paying any dividend.
Updated Aug 10, 2025
The company's financial results show a decline in net profit by 15.5% year-on-year last quarter.
Despite a rise in annual revenue, net profit for the year ending March 2025 has dropped compared to the previous year.
The stock has declined by 21% over the past year, despite a more than 100% increase in the last two years.
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.
In the Q1 FY26 earnings call held on August 1, 2025, Adani Power management, led by CEO S.B. Khyalia, provided an optimistic outlook regarding the power sector and the company's growth trajectory. The management highlighted that India's economic growth prospects align with a robust demand for power, anticipating additional capacity requirements to increase from 80 GW to 95 GW.
Key points include:
Capacity Expansion: Adani Power has acquired Vidarbha Industries Power Ltd., contributing 600 MW to its portfolio. An expansion of 12,520 MW is planned by 2030, with 4,800 MW already in progress. The ongoing Phase-II projects at Mahan and Raipur have progressed to 66% and 25% execution, respectively.
Power Supply and Demand: In Q1 FY26, despite a 1.6% decline in all-India demand, Adani Power supplied 1.6% more power (24.6 billion units) compared to Q1 FY25, demonstrating its resilient operational capability.
Financial Performance: The company reported total revenue of Rs.14,167 crores, EBITDA of Rs.5,744 crores, and a profit after tax of Rs.3,305 crores. Operating expenses were elevated due to integration costs from recent acquisitions, but management's focus on operational efficiency remains strong.
Long-term Contracts: A recent long-term PPA with Uttar Pradesh Discom was signed for 1,600 MW gross capacity, enhancing the company's pipeline of secured contracts to 4,520 MW.
Debt and Cash Flow Management: As of June 30, 2025, total debt was Rs.44,372 crores, with a net debt position of Rs.37,437 crores. Management remains committed to debt-light growth funded through internal cash flows, and plans to ensure liquidity without relying heavily on external borrowings for upcoming projects.
Overall, Adani Power remains optimistic about its strategic positioning to capitalize on the expected thermal power demand increase and aims to navigate through current market challenges effectively.
Understand Adani Power ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| 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% |
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 | NTPC | 3.25 LCr | 1.9 LCr | -2.70% | -17.90% | 13.55 | 1.71 | - | - |
| TATAPOWER | Tata Power Co. | 1.21 LCr | 67.85 kCr |
Comprehensive comparison against sector averages
ADANIPOWER metrics compared to Power
| Category | ADANIPOWER | Power |
|---|---|---|
| PE | 18.48 | 16.83 |
| PS | 3.82 | 2.77 |
| Growth | 0.6 % | 2.8 % |
Adani Power is an integrated power utilities company based in Ahmedabad, India, with the stock ticker ADANIPOWER. The company has a substantial market capitalization of Rs. 212,941.7 Crores.
Adani Power Limited specializes in the generation, transmission, and sale of electricity. It operates under various power purchase agreements (PPAs) including long term, supplemental, medium, and short-term agreements, as well as on a merchant basis. The company generates electricity primarily through thermal energy sources, boasting a combined installed and commissioned capacity of 15,250 MW.
The company manages several coal-based power plants across different states in India:
Additionally, Adani Power operates a solar-based power plant with a capacity of 40 MW in Bitta, Gujarat, and is also involved in coal trading.
Founded in 1988, Adani Power has demonstrated strong financial performance, with a trailing 12 months revenue of Rs. 58,251.8 Crores and a profit of Rs. 12,887.6 Crores over the past four quarters. Notably, the company has experienced a remarkable revenue growth of 130.4% over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
ADANIPOWER vs Power (2021 - 2025)
Adani Power's shares rose by 2.04% to Rs 579.05, reflecting positive momentum.
Earnings Call Transcript • 08 Aug 2025 Adani Power Limited has submitted to the Exchange, a copy of the Earnings Call Transcript held on August 1, 2025. |
General • 07 Aug 2025 Adani Power Limited has informed the Exchange about receipt of Letter of Intent from Bihar State Power Generation Company Limited |
Newspaper Publication • 05 Aug 2025 Adani Power Limited has submitted to the Exchange, a copy of the Newspaper Publication. |
Investor Presentation • 04 Aug 2025 Adani Power Limited has submitted to the Exchange, a copy of the updated Investor Presentation. |
Newspaper Publication • 02 Aug 2025 Adani Power Limited has submitted to the Exchange a copy of the Newspaper Publication. |
• 01 Aug 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
1. Question: The company has given an order of about INR 65 billion to BHEL. What does it exactly entail given that all our equipment is already being tied up for the upcoming capacities?
Answer: The order aligns with our evaluation for expansion considering the demand for 80 GW of thermal power. We're exploring various opportunities, and I'll share concrete numbers as planning progresses.
2. Question: How have operations been for the recently acquired Coastal, Lanco, and Vidarbha assets? Are there challenges or expected EBITDA?
Answer: Lanco Amarkantak has minor ash disposal issues, while Coastal is undergoing an overhaul and expected to normalize soon. Vidarbha was in shutdown but is now operational. EBITDA expectations will depend on upcoming performance evaluations.
3. Question: What was the merchant realization in Q1, and what is the outlook?
Answer: Merchant realization was Rs. 6.51 per kWh, down from Rs. 7.60 year-on-year. Due to early monsoon, demand was sluggish; however, we expect a better second quarter based on weather trends and refreshed demand.
4. Question: With the recent ruling on FGD, does that change our CAPEX estimates for under-construction projects?
Answer: Yes, the recent notification allows us to drop FGD expenditures for projects not yet under execution. We've decided to continue with two projects already in advanced stages, which will reduce overall project costs.
5. Question: What is the status of pending validations and final settlements regarding alternate coal compensation from Haryana discom?
Answer: Discussions are ongoing, with Haryana paying 50% of the bill differences we've raised. We anticipate resolution shortly as we continue to account for these partial payments.
6. Question: What is the current total of regulatory receivables outstanding, and how much is under dispute?
Answer: There's minimal pending regulatory receivables, mainly due to routine claims. Most significant claims are resolved, so they won't substantially impact revenue or profitability.
7. Question: What about debt repayments made this quarter?
Answer: We've repaid Rs. 2,579 crores of principal and Rs. 1,146 crores in distributions. All outstanding amounts have now been cleared, including the July payments.
8. Question: What is the expected commissioning date for the Dhirauli mine?
Answer: We anticipate production to start by September or October, aligning with our initial project timelines.
9. Question: Could you elaborate on the tariffs of the PPA signed with UPPCL?
Answer: The PPA includes a capacity charge of Rs. 3.73, with a total tariff of Rs. 5.39. The remaining capacity is net post-auxiliary consumption; thus, there's no additional capacity left to tie up.
10. Question: What is the anticipated debt profile going forward?
Answer: We expect internal accruals to sufficiently cover our CAPEX needs for the year, minimizing the necessity for further indebtedness on under-construction projects.
| ARDOUR INVESTMENT HOLDING LTD | 3.68% |
| GOLDMAN SACHS TRUST II - GOLDMAN SACHS GQG PARTNER | 3.29% |
| GQG PARTNERS EMERGING MARKETS EQUITY FUND | 1.77% |
| FORTITUDE TRADE AND INVESTMENT LTD | 1.71% |
| QUANT MUTUAL FUND-QUANT ELSS TAX SAVER FUND | 1.39% |
| HIBISCUS TRADE AND INVESTMENT LTD | 0.38% |
| GAUTAMBHAI SHANTILAL ADANI & PRITIBEN GAUTAMBHAI ADANI (ON BEHALF OF GAUTAM S. ADANI FAMILY TRUST) | 0% |
| ADANI PROPERTIES PRIVATE LIMITED | 0% |
| RAJESHBHAI SHANTILAL ADANI | 0% |
| GAUTAMBHAI SHANTILAL ADANI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -9.40% |
| 29.85 |
| 1.78 |
| - |
| - |
| JSWENERGY | JSW Energy | 90.59 kCr | 15.01 kCr | +0.70% | -25.90% | 41.6 | 6.04 | - | - |
| TORNTPOWER | TORRENT POWER | 67.31 kCr | 28.55 kCr | -6.40% | -23.60% | 24.15 | 2.36 | - | - |
| RPOWER | Reliance Power | 17.8 kCr | 8.21 kCr | -33.10% | +39.70% | 5.59 | 2.17 | - | - |
| RELINFRA | Reliance Infrastructure | 11.17 kCr | 22.78 kCr | -25.30% | +31.30% | 2.06 | 0.49 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| -8% |
| 10,369 |
| 11,274 |
| 10,775 |
| 9,929 |
| 10,568 |
| 10,324 |
| Profit Before exceptional items and Tax | 28.9% | 4,204 | 3,261 | 4,059 | 4,134 | 4,906 | 3,558 |
| Total profit before tax | 28.9% | 4,204 | 3,261 | 4,059 | 4,134 | 4,906 | 3,558 |
| Current tax | 103.9% | 18 | -437 | 222 | 130 | 141 | 14 |
| Deferred tax | -19.9% | 881 | 1,099 | 897 | 706 | 851 | 807 |
| Total tax | 35.9% | 899 | 662 | 1,119 | 837 | 993 | 821 |
| Total profit (loss) for period | 27.2% | 3,305 | 2,599 | 2,940 | 3,298 | 3,913 | 2,737 |
| Other comp. income net of taxes | -85.1% | 2.64 | 12 | -7.39 | -14.67 | 7.05 | -5.2 |
| Total Comprehensive Income | 26.7% | 3,308 | 2,612 | 2,933 | 3,283 | 3,920 | 2,732 |
| Earnings Per Share, Basic | 35.6% | 8.62 | 6.62 | 7.67 | 8.21 | 9.72 | 6.631 |
| Earnings Per Share, Diluted | 35.6% | 8.62 | 6.62 | 7.67 | 8.21 | 9.72 | 6.631 |
| 24.2% |
| 688 |
| 554 |
| 530 |
| 34 |
| 33 |
| 42 |
| Finance costs | 30.1% | 3,207 | 2,466 | 3,307 | 684 | 644 | 1,175 |
| Depreciation and Amortization | 22.1% | 3,879 | 3,176 | 3,143 | 30 | 32 | 35 |
| Other expenses | 29.5% | 2,835 | 2,189 | 2,070 | 21 | 23 | 93 |
| Total Expenses | 20.2% | 37,287 | 31,026 | 33,812 | 1,251 | 1,085 | 2,254 |
| Profit Before exceptional items and Tax | -16.8% | 15,284 | 18,371 | 7,389 | -182.21 | -503.01 | -337.57 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | -1,002.99 |
| Total profit before tax | -16.8% | 15,284 | 18,371 | 7,389 | -182.21 | -503.01 | -1,340.56 |
| Current tax | - | 0 | 0 | -768.33 | 0.02 | -4.27 | 0 |
| Deferred tax | 1080.6% | 3,724 | -378.65 | -2,088.44 | 0 | 0 | 0 |
| Total tax | 1080.6% | 3,724 | -378.65 | -2,856.77 | 0.02 | -4.27 | 0 |
| Total profit (loss) for period | -38.3% | 11,560 | 18,749 | 10,246 | -182.23 | -498.74 | -1,340.56 |
| Other comp. income net of taxes | -85.7% | 1.84 | 6.87 | -4.17 | 24 | 1.14 | 0.12 |
| Total Comprehensive Income | -38.4% | 11,562 | 18,756 | 10,242 | -158.23 | -497.6 | -1,340.44 |
| Earnings Per Share, Basic | -38.7% | 28.74 | 46.237 | 23.32 | -2.738 | -3.75 | -5.77 |
| Earnings Per Share, Diluted | -38.7% | 28.74 | 46.237 | 23.32 | -2.738 | -3.75 | -5.77 |
| 34.1% |
| 57,942 |
| 43,200 |
| 43,638 |
| 44,959 |
| 46,380 |
| 497 |
| Capital work-in-progress | 356.2% | 2,994 | 657 | 739 | 374 | 188 | 0 |
| Goodwill | 0% | 191 | 191 | 191 | 191 | 191 | 0 |
| Non-current investments | -61% | 3,337 | 8,558 | 6,907 | 6,855 | 6,373 | 22,269 |
| Loans, non-current | 230.8% | 5,806 | 1,756 | 1,555 | 1,303 | 1,252 | 7,720 |
| Total non-current financial assets | -9% | 9,759 | 10,726 | 8,816 | 9,293 | 8,172 | 30,402 |
| Total non-current assets | 31.2% | 73,946 | 56,354 | 54,521 | 56,855 | 55,634 | 30,923 |
| Total assets | 28% | 96,683 | 75,544 | 75,172 | 72,323 | 72,832 | 31,537 |
| Borrowings, non-current | 34.5% | 24,656 | 18,333 | 18,886 | 16,177 | 24,979 | 2,022 |
| Total non-current financial liabilities | 37% | 25,683 | 18,752 | 19,279 | 16,598 | 25,353 | 2,423 |
| Provisions, non-current | -22.7% | 202 | 261 | 149 | 128 | 148 | 1.61 |
| Total non-current liabilities | 48.4% | 35,251 | 23,751 | 23,308 | 20,757 | 29,684 | 2,425 |
| Borrowings, current | 86% | 10,259 | 5,516 | 6,759 | 6,576 | 7,828 | 11,354 |
| Total current financial liabilities | 45.8% | 13,607 | 9,336 | 10,366 | 10,360 | 11,299 | 12,205 |
| Provisions, current | 44.4% | 53 | 37 | 15 | 15 | 13 | 1.54 |
| Total current liabilities | 38.1% | 14,983 | 10,846 | 12,416 | 13,272 | 14,924 | 12,261 |
| Total liabilities | 45.2% | 50,234 | 34,596 | 35,724 | 34,029 | 44,608 | 14,686 |
| Equity share capital | 0% | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 |
| Total equity | 13.4% | 46,449 | 40,948 | 39,448 | 38,293 | 28,224 | 16,851 |
| Total equity and liabilities | 28% | 96,683 | 75,544 | 75,172 | 72,323 | 72,832 | 31,537 |
| Net Cashflows From Operating Activities |
| 24.3% |
| 18,453 |
| 14,841 |
| 7,933 |
| -0.15 |
| - |
| - |
| Cashflows used in obtaining control of subsidiaries | 1.5% | 1,056 | 1,040 | 727 | 2.73 | - | - |
| Proceeds from sales of PPE | 261.4% | 1.71 | 0.56 | 0.83 | 0.05 | - | - |
| Purchase of property, plant and equipment | 461.8% | 6,613 | 1,178 | 921 | 0.92 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | 601.7% | 5,923 | 845 | 849 | 5,361 | - | - |
| Interest received | -89.8% | 947 | 9,298 | 4,846 | 8.7 | - | - |
| Other inflows (outflows) of cash | 73.7% | -991.81 | -3,770.48 | 271 | -160.04 | - | - |
| Net Cashflows From Investing Activities | -1096.5% | -10,810.61 | 1,086 | 2,824 | -5,192.04 | - | - |
| Proceeds from issuing other equity instruments | - | 0 | 0 | 0 | 600 | - | - |
| Payments of other equity instruments | -27.8% | 4,258 | 5,900 | 661 | 590 | - | - |
| Proceeds from borrowings | -83.7% | 3,454 | 21,135 | 17,895 | 11,409 | - | - |
| Repayments of borrowings | -88.4% | 3,104 | 26,755 | 25,645 | 6,010 | - | - |
| Payments of lease liabilities | - | 26 | 0 | 5.52 | 0 | - | - |
| Interest paid | 35.6% | 3,267 | 2,409 | 2,721 | 209 | - | - |
| Other inflows (outflows) of cash | 48.5% | -840.07 | -1,631.93 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | 48.3% | -8,041.08 | -15,560.55 | -11,137.82 | 5,200 | - | - |
| Net change in cash and cash eq. | -209.1% | -398.46 | 367 | -380.76 | 7.43 | - | - |
Investor Presentation • 01 Aug 2025 Adani Power Limited has submitted to the Exchange, a copy of Investor Presentation |
Analysis of Adani Power's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Power Generation and related activities | 100.0% | 12.5 kCr |
| Total | 12.5 kCr |