Adani Energy Solutions

    ADANIENSOL
    Energy
    ₹1373.00
    price as of 11/9/2026, 5:28:12 pm

    Market cap ₹1.68 L Cr

    P/E
    56.69
    Day range
    ₹1,364.20 – ₹1,382.00
    52-week range
    ₹803.10 – ₹1,789.00
    Volume
    11.54 L
    Open
    ₹1,375.00
    Prev close
    ₹1,391.90
    Promoters pledged 1.1% of their shares
    52-week range, adjusted for splits and bonuses
    ₹792.05₹1,789
    10 Sept 202521 Jul 2026
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500NIFTY ENERGYF&O lot 675

    Price history

    6M change +38.41%RSI (14) 32.9 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 44.5% today vs 39.5% average · BSE close ₹1,373.75

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹750₹1,000₹1,250₹1,500₹1,7500%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹1,382
    Change
    -0.72%
    Basis over spot
    +₹8.99
    Futures OI (shares)
    2.23 Cr
    OI change
    +0.20%
    Put-call ratio
    0.46
    Max pain
    ₹1,440
    Resistance (call OI)
    ₹1,600
    Support (put OI)
    ₹1,400
    Lot size
    675

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    116012201260130013401380142014601500154015801620166017001740178004.5 L9.0 L13.5 L18.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    61.4
    EPS (TTM)
    ₹24.30
    Price / Book
    6.65
    ROE (FY26)
    10.1%
    ROCE (latest year)
    10%
    Dividend yield
    0.00%
    Net margin (TTM)
    10.1%
    Current ratio
    1.27
    Debt / Equity
    1.79
    Revenue growth (5y)
    22.7%
    EPS growth (5y)
    11.3%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹1,392.86Price below₹1,474.51Price below₹1,527.17Price below₹1,600.65Price below₹1,512.58Price below₹1,249.81Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +27.6%
    Profit 3Y CAGR
    +23.2%
    Revenue YoY (Jun 2026)
    +42.4%
    Profit YoY (Jun 2026)
    +129.5%
    Operating margin
    31.0%
    Net margin
    12.7%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 2026-3.5K Cr0 Cr3.5K Cr7.0K Cr10.5K Cr0%10%20%30%40%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jul 2026

    • Promoter
    • DII
    • FII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-16.0KCr-8.0K Cr0 Cr8.0K Cr16.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%7%14%21%28%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr15.0K Cr30.0K Cr45.0K Cr60.0K Cr0.0x0.8x1.6x2.4x3.2x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales3,6744,5634,7075,3796,1845,8306,3756,8196,5966,7307,4439,711
    Expenses2,3243,0923,1413,7284,4694,1704,3355,0094,6404,7345,2986,703
    Operating Profit1,3501,4711,5661,6511,7151,6612,0401,8111,9551,9952,1453,008
    OPM %37%32%33%31%28%28%32%27%30%30%29%31%
    Other Income93262204-1,395176170222206171215227170
    Interest6417607508118138098268948729139541,152
    Depreciation432458468498484462462465509496508585
    Profit before tax370515552-1,0535945599746587468019101,441
    Tax %23%32%31%13%-30%-12%27%18%25%28%21%14%
    Net Profit284348381-1,1917736257145395575747231,237
    EPS in Rs₹2.47₹2.91₹3.24₹-7.39₹5.62₹4.68₹5.39₹4.27₹4.44₹4.60₹5.69₹9.57

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company. [1]

    Strengths

    • Company's median sales growth is 28.0% of last 10 years

    Risks

    • Stock is trading at 6.49 times its book value
    • Though the company is reporting repeated profits, it is not paying out dividend
    • Company has a low return on equity of 10.5% over last 3 years.

    Compounded Sales Growth

    10 Years
    +29%
    5 Years
    +23%
    3 Years
    +28%
    TTM
    +21%

    Compounded Profit Growth

    10 Years
    +20%
    5 Years
    +13%
    3 Years
    +21%
    TTM
    +22%

    Stock Price CAGR

    10 Years
    +43%
    5 Years
    -5%
    3 Years
    +17%
    1 Year
    +69%

    Return on Equity

    10 Years
    +12%
    5 Years
    +11%
    3 Years
    +10%
    Last Year
    +9%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Jul 2026Change
    Promoter71.19%72.72%74.71%73.39%-1.32 pp
    FII13.47%12.23%10.14%10.31%+0.17 pp
    DII10.14%10.24%11.77%13.05%+1.28 pp
    Public5.20%4.81%3.39%3.26%-0.13 pp

    Filed with NSE for Jul 2026: promoters 73.39%, public 26.61% · XBRL filing

    Analysts & fund holdings

    67%
    67% recommend buy
    9 analysts cover the stock
    Valuation vs Electric Utilities
    P/E56.7 vs 26.3
    Sector P/B2.93
    Beta1.65

    Who holds the shares, quarter by quarter

    Mutual funds 8.83% (+0.75 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Jul 26
    • Promoters73.4%
    • Foreign institutions10.3%
    • Mutual funds8.8%
    • Insurance3.7%
    • Other domestic institutions0.5%
    • Retail1.9%
    • Others1.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Aggressive Hybrid Fund1.43%3.04%-0.48 pp
    SBI Focused Fund1.13%4.15%-0.64 pp
    Quant ELSS Tax Saver Fund0.29%4.13%+2.19 pp
    Aditya Birla SL Large Cap Fund0.25%1.56%-0.12 pp
    SBI Midcap Fund0.23%1.73%-1.11 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Avg

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • other
      Not available — not reported in this filing

      Annual General Meeting

      14 Jun 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      11 Jul 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      18 Jul 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      2 Jul 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Jun 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      30 Jul 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      27 Jul 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      1 Aug 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      1 Aug 2016
      ex-date

    Insider trades

    Last 12 months, market trades
    No market trades
    0 buys · ₹0
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Emerging Market Investment DMCC
    Promoter Group · Market Purchase
    		Buy28,00,000₹267 Cr8 Jun 2024
    Emerging Market Investment DMCC
    Promoter Group · Market Purchase
    		Buy18,00,000₹220 Cr5 Jun 2024
    Emerging Market Investment DMCC
    Promoter Group · Market Purchase
    		Buy22,00,000₹247 Cr5 Jun 2024
    Gelt bery Trade and lnvestnent Limited
    Promoter Group · Market Purchase
    		Buy100₹3.6 L25 Aug 2022
    Adani Tradeline Private Limited
    Promoter Group · Others
    		Buy9,94,91,719₹08 Jul 2022
    Adani Tradeline LLP (earlier known as Parsa Kente Rail Infra LLP)
    Promoter Group · Revokation of Pledge
    		Pledge released2,00,000₹30.9 Cr24 Sept 2021
    Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released6,00,000₹98.6 Cr22 Sept 2021
    Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released3,50,000₹63.7 Cr20 Sept 2021
    Adani Tradeline LLP (earlier known as Parsa Kente Rail Infra LLP)
    Promoter Group · Revokation of Pledge
    		Pledge released90,00,000₹1638 Cr20 Sept 2021
    Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released50,000₹9.6 Cr17 Sept 2021
    Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Pledge Creation
    		Pledge7,00,000₹131 Cr15 Sept 2021
    Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released23,00,000₹416 Cr13 Sept 2021

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Company announcements

    Company Update
    Intimation Regarding Letter Of Award For Supply Of 2,500 MW Round-The-Clock (RTC) Power And Execution Of Power Purchase Agreement.

    Intimation regarding Letter of Award for supply of 2,500 MW Round-the-Clock (RTC) Power and Execution of Power Purchase Agreement

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners Emerging Market Equity Fund

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Adani Energy Solutions is World #1 ESG-Scored Utility

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    AESL Wins Rs 4,700 crore Transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Investor / Analyst meet

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation of Credit Ratings

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Interaction with Investors

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Intimation for Execution of Share Purchase Agreement for Acquiring 100% Equity shares of Vizag Power Transmission Limited

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of interaction with Analyst / Investors

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation Under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015_ESG Credit Rating

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment

    Allotment of Equity Shares to Eligible Qualified Institutional Investors

    Company Update
    Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

    Intimation regarding approval of Closure of QIPs and Placement Document

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Investor Meet

    Company Update
    Transcript Of Earnings Call Pertaining To The Unaudited Financial Results Of The Company For Q1 FY 27

    Transcript of Earnings Call pertaining to the Unaudited Financial Results of the Company for Q1 FY 27

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    Voting Results of the Extra-Ordinary General Meeting

    Filed with BSE (scrip 539254); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 24 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.