Adani Energy Solutions
Market cap ₹1.54 L Cr
- P/E
- 40.75
- Day range
- ₹1,207.50 – ₹1,260.80
- 52-week range
- ₹803.10 – ₹1,789.00
- Volume
- 13.01 L
- Open
- ₹1,221.00
- Prev close
- ₹1,220.00
Latest results · Q2 FY27(consolidated)Revenue ₹10,076 Cr+52.8%Profit ₹1,364 Cr+144.8%Margin 13.5%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
ADANIENSOL in NSE indices and F&O
F&O margin for one lot of ADANIENSOL (675 shares)Research profile
Composite 37 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.5%
- Graham no.
- ₹424.56
- vs Graham
- -66.3%
- ROE ÷ P/B
- 2.1%
- 12-1 mom.
- +48.0%
- Return / vol
- 0.76
- Magic Formula
- #508
- Piotroski
- 2/6
- FCF yield
- -2.3%
- PEG
- 7.51
Appears in 10 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 48 in Energy| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE | ₹16.26 L Cr | 21.76 | 1.78 | 11.0% | 10.0% | 15.0% | 0.45 | +27.0% |
| Adani PowerADANIPOWER | ₹3.60 L Cr | 19.74 | 4.57 | 21.4% | 17.0% | 42.0% | 0.82 | +44.5% |
| NTPCNTPC | ₹2.91 L Cr | 10.48 | 1.42 | 14.2% | 9.0% | 32.0% | 1.33 | +7.8% |
| Oil & Natural Gas CorpONGC | ₹2.87 L Cr | 6.60 | 0.77 | 13.9% | 14.0% | 8.0% | 0.47 | +25.7% |
| Coal IndiaCOALINDIA | ₹2.50 L Cr | 8.00 | 2.06 | 28.1% | 35.0% | 26.0% | 0.12 | +7.8% |
| Power Grid CorpPOWERGRID | ₹2.30 L Cr | 14.44 | 2.29 | 16.5% | 9.0% | 82.0% | 1.47 | +2.7% |
| Adani Green EnergyADANIGREEN | ₹2.06 L Cr | 113.64 | 9.05 | 12.4% | 7.0% | 89.0% | 5.48 | +41.6% |
| Adani Energy SolutionsADANIENSOL | ₹1.54 L Cr | 40.75 | 4.77 | 10.1% | 10.0% | 31.0% | 1.65 | +52.8% |
| Sector median | ₹37,958 Cr | 17.78 | 1.89 | 13.8% | 11.5% | 26.0% | 0.77 | +20.7% |
Sector as classified in the tracked universe; medians use every tracked Energy company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 8d agoHeadlines about Adani Energy Solutions from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 40.2
- EPS (TTM)
- ₹24.30
- Price / Book
- 4.91
- ROE (FY26)
- 10.1%
- ROCE (latest year)
- 10%
- Dividend yield
- 0.00%
Moving averages (NSE)
- 20-day
- ₹1,315.74
- Price below
- 50-day
- ₹1,410.22
- Price below
- 200-day
- ₹1,305.75
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,563 | 4,707 | 5,379 | 6,184 | 5,830 | 6,375 | 6,819 | 6,596 | 6,730 | 7,443 | 9,711 | 10,076 |
| Expenses | 3,092 | 3,141 | 3,728 | 4,469 | 4,170 | 4,335 | 5,009 | 4,640 | 4,734 | 5,298 | 6,703 | 6,975 |
| Operating Profit | 1,471 | 1,566 | 1,651 | 1,715 | 1,661 | 2,040 | 1,811 | 1,955 | 1,995 | 2,145 | 3,008 | 3,101 |
| OPM % | 32% | 33% | 31% | 28% | 28% | 32% | 27% | 30% | 30% | 29% | 31% | 31% |
| Other Income | 262 | 204 | -1,395 | 176 | 170 | 222 | 206 | 171 | 215 | 227 | 170 | 447 |
| Interest | 760 | 750 | 811 | 813 | 809 | 826 | 894 | 872 | 913 | 954 | 1,152 | 1,180 |
| Depreciation | 458 | 468 | 498 | 484 | 462 | 462 | 465 | 509 | 496 | 508 | 585 | 601 |
| Profit before tax | 515 | 552 | -1,053 | 594 | 559 | 974 | 658 | 746 | 801 | 910 | 1,441 | 1,767 |
| Tax % | 32% | 31% | 13% | -30% | -12% | 27% | 18% | 25% | 28% | 21% | 14% | 23% |
| Net Profit | 348 | 381 | -1,191 | 773 | 625 | 714 | 539 | 557 | 574 | 723 | 1,237 | 1,364 |
| EPS in Rs | ₹2.91 | ₹3.24 | ₹-7.39 | ₹5.62 | ₹4.68 | ₹5.39 | ₹4.27 | ₹4.44 | ₹4.60 | ₹5.69 | ₹9.57 | ₹10.82 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+39 days since Mar 2021
+39 days since Mar 2021
+72 days since Mar 2021
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 is expected to give good quarter
- Company's median sales growth is 28.0% of last 10 years
Risks
- Stock is trading at 4.77 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
- +33%
Compounded Profit Growth
- 10 Years
- +20%
- 5 Years
- +13%
- 3 Years
- +21%
- TTM
- +64%
Stock Price CAGR
- 10 Years
- +39%
- 5 Years
- -8%
- 3 Years
- +17%
- 1 Year
- +29%
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
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 71.19% | 72.72% | 74.71% | 73.39% | -1.32 pp |
| FII | 13.47% | 12.23% | 10.14% | 9.57% | -0.57 pp |
| DII | 10.14% | 10.24% | 11.77% | 13.61% | +1.84 pp |
| Public | 5.20% | 4.81% | 3.39% | 3.44% | +0.05 pp |
Filed with NSE for Sept 2026: promoters 73.39%, public 26.61% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 9.38% (+0.55 pp)- Promoters73.4%
- Foreign institutions9.6%
- Mutual funds9.4%
- Insurance3.7%
- Other domestic institutions0.5%
- Retail2.0%
- Others1.4%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| SBI Aggressive Hybrid Fund | 1.50% | 2.90% | -0.61 pp |
| SBI Focused Fund | 1.18% | 3.93% | -0.86 pp |
| Kotak Arbitrage Fund | 0.33% | 0.72% | +0.20 pp |
| Quant ELSS Tax Saver Fund | 0.31% | 3.93% | +1.99 pp |
| ICICI Pru Arbitrage Fund | 0.28% | 1.31% | +0.24 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.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 40.1%
- Downside volatility
- 40.6%
- Worst 5% of days
- 3.9%
- Average of that tail
- 5.8%
- Max drawdown (1Y)
- 29.9%
- Below its peak
- 29.9%
Against the market
- Beta vs Nifty 50
- 1.42
- Correlation
- 0.47
- Relative strength (3M)
- -22.2%
- ATR (14)
- 4.2%
Return
- Return 1M
- -11.7%
- Return 3M
- -27.5%
- Return 6M
- -10.8%
- Return 1Y
- +30.7%
- vs 200-day average
- -6.6%
Momentum
- RSI (14)
- 33.2
- MACD histogram
- 1.08
- Stochastic %K
- 10.6
- ADX (14)
- 23.5
- +DI / −DI
- 15.9 / 37.4
- Money flow index
- 48.7
Participation
- Delivery (20d avg)
- 44.0%
- vs its 60-day baseline
- -3.4 pts
- Volume vs 20-day
- +0.8σ
- Close vs day's VWAP
- -0.4%
- 52-week position
- 44 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
2 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- -₹3,435 Cr
- FCF yield
- -2.3%
- Cash conversion
- 4.60
- Accruals ratio
- -0.093
- Net debt
- ₹47,442 Cr
- Net debt / equity
- 1.87
- EV / sales
- 5.79
- PEG
- 7.51
- Capex intensity
- 52.3%
- Revenue CAGR
- 16.8%
- Profit CAGR
- 5.3%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 18 Sept 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹1,316.9
-8.3%
Upper edge (90th percentile)
₹1,511.73
+5.3%
The marker is the last close, ₹1,436.1. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹1,436.17 (+0.0%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 18 Sept 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
Emerging Market Investment DMCC Promoter Group · Market Purchase | Buy | 28,00,000 | ₹267 Cr | 8 Jun 2024 |
Emerging Market Investment DMCC Promoter Group · Market Purchase | Buy | 18,00,000 | ₹220 Cr | 5 Jun 2024 |
Emerging Market Investment DMCC Promoter Group · Market Purchase | Buy | 22,00,000 | ₹247 Cr | 5 Jun 2024 |
Gelt bery Trade and lnvestnent Limited Promoter Group · Market Purchase | Buy | 100 | ₹3.6 L | 25 Aug 2022 |
Adani Tradeline Private Limited Promoter Group · Others | Buy | 9,94,91,719 | ₹0 | 8 Jul 2022 |
Adani Tradeline LLP (earlier known as Parsa Kente Rail Infra LLP) Promoter Group · Revokation of Pledge | Pledge released | 2,00,000 | ₹30.9 Cr | 24 Sept 2021 |
Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 6,00,000 | ₹98.6 Cr | 22 Sept 2021 |
Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 3,50,000 | ₹63.7 Cr | 20 Sept 2021 |
Adani Tradeline LLP (earlier known as Parsa Kente Rail Infra LLP) Promoter Group · Revokation of Pledge | Pledge released | 90,00,000 | ₹1638 Cr | 20 Sept 2021 |
Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 50,000 | ₹9.6 Cr | 17 Sept 2021 |
Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Pledge Creation | Pledge | 7,00,000 | ₹131 Cr | 15 Sept 2021 |
Shri Gautam S. Adani/Shri Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 23,00,000 | ₹416 Cr | 13 Sept 2021 |
Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.
Corporate actions
- otherNot available — not reported in this filing
Annual General Meeting
14 Jun 2024ex-date - otherNot available — not reported in this filing
Annual General Meeting
11 Jul 2023ex-date - otherNot available — not reported in this filing
Annual General Meeting
18 Jul 2022ex-date - otherNot available — not reported in this filing
Annual General Meeting
2 Jul 2021ex-date - otherNot available — not reported in this filing
Annual General Meeting
16 Jun 2020ex-date - otherNot available — not reported in this filing
Annual General Meeting
30 Jul 2019ex-date - otherNot available — not reported in this filing
Annual General Meeting
27 Jul 2018ex-date - otherNot available — not reported in this filing
Annual General Meeting
1 Aug 2017ex-date - otherNot available — not reported in this filing
Annual General Meeting
1 Aug 2016ex-date
Company announcements
Investors Presentation on Unaudited Financial Resutls for the Quarter and Half year ended September 30, 2026a
Changes in Senior Management Personnel of the Company
AESL delivers Record Q2 Performance, Sustains Strong Growth Momentum
Outcome of Board Meeting held on October 22, 2026 and Submission of Unaudited FInancial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026
Outcome of the Board Meeting held on October 22, 2026 for adoption of Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter and half year ended September 30, 2026
Investor Call
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Execution of Share Purchase Agreement for Acquiring 100% equity shares of Satara Power Transmission Limited
Intimation of Interaction with Investors
Adani Energy Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve Unaudited Financial ....
Incorporation of Wholly Owned Subsidiaries
Announcement under Regulation 30 (LODR) - Update
Intimation of interaction with Investors'
Filed with BSE (scrip 539254); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Oct 2026SlidesRecording
- Jul 2026TranscriptSlidesRecording
- Apr 2026TranscriptSlidesRecording
- Jan 2026TranscriptSlidesRecording
- Oct 2025TranscriptSlidesRecording
- Jul 2025TranscriptSlides
Credit ratings
- Rating update · 8 Jul from icra
- Rating update · 18 Jun from crisil
- Rating update · 27 Apr from icra
- Rating update · 26 Feb from icra
- Rating update · 3 Sep 2025 from crisil
- Rating update · 28 Feb 2025 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 23 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Adani Energy Solutions: common questions
Answered from the figures on this page.
