Adani Power
Market cap ₹3.51 L Cr
- P/E
- 19.26
- Day range
- ₹175.31 – ₹185.90
- 52-week range
- ₹128.10 – ₹254.20
- Volume
- 4.61 Cr
- Open
- ₹185.27
- Prev close
- ₹185.27
Latest results · Q2 FY27(consolidated)Revenue ₹19,439 Cr+44.5%Profit ₹7,019 Cr+141.5%Margin 36.1%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
ADANIPOWER in NSE indices and F&O
F&O margin for one lot of ADANIPOWER (3,550 shares)Research profile
Composite 52 / 100Factor percentiles
Derived metrics
- Earn. yield
- 5.2%
- Graham no.
- ₹74.16
- vs Graham
- -59.3%
- ROE ÷ P/B
- 3.9%
- 12-1 mom.
- +33.6%
- Return / vol
- 0.41
- Magic Formula
- #160
- Piotroski
- 3/6
- FCF yield
- -0.8%
- PEG
- 0.30
Appears in 11 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 | ₹16.10 L Cr | 21.55 | 1.78 | 11.0% | 10.0% | 15.0% | 0.45 | +27.0% |
| Adani PowerADANIPOWER | ₹3.51 L Cr | 19.26 | 5.49 | 21.4% | 17.0% | 42.0% | 0.84 | +34.0% |
| NTPCNTPC | ₹2.89 L Cr | 10.41 | 1.42 | 14.2% | 9.0% | 32.0% | 1.33 | +7.8% |
| Oil & Natural Gas CorpONGC | ₹2.86 L Cr | 6.58 | 0.77 | 13.9% | 14.0% | 8.0% | 0.47 | +25.7% |
| Coal IndiaCOALINDIA | ₹2.45 L Cr | 7.85 | 2.09 | 28.1% | 35.0% | 26.0% | 0.12 | +7.8% |
| Power Grid CorpPOWERGRID | ₹2.30 L Cr | 14.47 | 2.29 | 16.5% | 9.0% | 82.0% | 1.47 | +2.7% |
| Adani Green EnergyADANIGREEN | ₹1.95 L Cr | 107.74 | 9.54 | 12.4% | 7.0% | 89.0% | 5.48 | +41.6% |
| Indian Oil CorpIOC | ₹1.82 L Cr | 5.21 | 0.85 | 21.5% | 19.0% | 1.5% | 0.60 | +38.5% |
| Sector median | ₹38,531 Cr | 18.14 | 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 2d agoHeadlines about Adani Power 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)
- 19.3
- EPS (TTM)
- ₹7.44
- Price / Book
- 4.57
- ROE (FY26)
- 21.4%
- ROCE (latest year)
- 17%
- Dividend yield
- 0.00%
Moving averages (NSE)
- 20-day
- ₹194
- Price below
- 50-day
- ₹201.56
- Price below
- 200-day
- ₹190.59
- 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
- FII
- Public
- DII
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 | 12,991 | 13,364 | 14,956 | 13,339 | 13,671 | 14,237 | 14,109 | 13,457 | 12,451 | 14,223 | 18,902 | 19,439 |
| Expenses | 8,346 | 8,514 | 8,761 | 8,063 | 8,648 | 9,425 | 8,424 | 8,307 | 8,213 | 9,491 | 10,953 | 11,210 |
| Operating Profit | 4,645 | 4,850 | 6,194 | 5,276 | 5,023 | 4,813 | 5,685 | 5,150 | 4,238 | 4,732 | 7,949 | 8,228 |
| OPM % | 36% | 36% | 41% | 40% | 37% | 34% | 40% | 38% | 34% | 33% | 42% | 42% |
| Other Income | 364 | 518 | 518 | 724 | 1,162 | 298 | 465 | 851 | 543 | 1,766 | 538 | 512 |
| Interest | 797 | 820 | 811 | 807 | 957 | 765 | 857 | 842 | 701 | 967 | 901 | 760 |
| Depreciation | 1,002 | 990 | 996 | 1,059 | 1,170 | 1,085 | 1,089 | 1,193 | 1,135 | 1,147 | 1,167 | 1,191 |
| Profit before tax | 3,210 | 3,558 | 4,906 | 4,134 | 4,059 | 3,261 | 4,204 | 3,966 | 2,945 | 4,384 | 6,418 | 6,789 |
| Tax % | 15% | 23% | 20% | 20% | 28% | 20% | 21% | 27% | 16% | 3% | 24% | -3% |
| Net Profit | 2,738 | 2,737 | 3,913 | 3,298 | 2,940 | 2,599 | 3,305 | 2,906 | 2,488 | 4,271 | 4,867 | 7,019 |
| EPS in Rs | ₹1.42 | ₹1.42 | ₹2.03 | ₹1.73 | ₹1.59 | ₹1.37 | ₹1.76 | ₹1.53 | ₹1.29 | ₹2.08 | ₹2.49 | ₹3.59 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-80 days since Mar 2021
-80 days since Mar 2021
+38 days since Mar 2021
Strengths, risks & growth
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. [1] [2]
Strengths
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
Risks
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
Compounded Sales Growth
- 10 Years
- +8%
- 5 Years
- +16%
- 3 Years
- +12%
- TTM
- +17%
Compounded Profit Growth
- 10 Years
- +37%
- 5 Years
- +58%
- 3 Years
- +6%
- TTM
- +51%
Stock Price CAGR
- 10 Years
- +42%
- 5 Years
- +53%
- 3 Years
- +37%
- 1 Year
- +9%
Return on Equity
- 10 Years
- +27%
- 5 Years
- +33%
- 3 Years
- +32%
- Last Year
- +21%
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 | 74.96% | 74.96% | 74.96% | 74.96% | 0.00 pp |
| FII | 11.64% | 11.73% | 11.76% | 11.03% | -0.73 pp |
| DII | 3.41% | 3.69% | 4.07% | 4.47% | +0.40 pp |
| Public | 9.99% | 9.63% | 9.20% | 9.55% | +0.35 pp |
Filed with NSE for Sept 2026: promoters 74.96%, public 25.04% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 4.31% (+0.39 pp)- Promoters75.0%
- Foreign institutions11.0%
- Mutual funds4.3%
- Insurance0.1%
- Other domestic institutions0.1%
- Retail4.6%
- Others5.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| SBI Aggressive Hybrid Fund | 0.70% | 3.08% | -0.32 pp |
| SBI Focused Fund | 0.59% | 4.47% | -0.73 pp |
| Quant Small Cap Fund | 0.34% | 3.56% | -0.54 pp |
| Quant ELSS Tax Saver Fund | 0.32% | 9.09% | +0.18 pp |
| Kotak Arbitrage Fund | 0.28% | 1.43% | +0.57 pp |
Scorecard
- Performance
- High
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026. Adjusted for 1 corporate action.
Risk
- Volatility (1Y)
- 42.4%
- Downside volatility
- 35.3%
- Worst 5% of days
- 3.4%
- Average of that tail
- 5.3%
- Max drawdown (1Y)
- 26.9%
- Below its peak
- 26.9%
Against the market
- Beta vs Nifty 50
- 1.01
- Correlation
- 0.32
- Relative strength (3M)
- -8.9%
- ATR (14)
- 3.7%
Return
- Return 1M
- -12.0%
- Return 3M
- -14.2%
- Return 6M
- -15.6%
- Return 1Y
- +17.5%
- vs 200-day average
- -4.5%
Momentum
- RSI (14)
- 35.1
- MACD histogram
- -0.72
- Stochastic %K
- 22.3
- ADX (14)
- 27.1
- +DI / −DI
- 14.4 / 38.6
- Money flow index
- 36.6
Participation
- Delivery (20d avg)
- 39.6%
- vs its 60-day baseline
- -0.1 pts
- Volume vs 20-day
- +2.7σ
- Close vs day's VWAP
- +1.8%
- 52-week position
- 46 / 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
3 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- 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 — passed
- Asset turnover improving — failed
- Free cash flow
- -₹2,836 Cr
- FCF yield
- -0.8%
- Cash conversion
- 1.58
- Accruals ratio
- -0.053
- Net debt
- ₹53,636 Cr
- Net debt / equity
- 0.83
- EV / sales
- 6.22
- PEG
- 0.30
- Capex intensity
- 43.0%
- Revenue CAGR
- -0.1%
- Profit CAGR
- 64.3%
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.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
Hibiscus Trade and Investment Ltd. Promoter Group · Market Purchase | Buy | 31,00,000 | ₹216 Cr | 8 Aug 2024 |
Hibiscus Trade and Investment Ltd. Promoter Group · Market Purchase | Buy | 41,00,000 | ₹286 Cr | 7 Aug 2024 |
Hibiscus Trade and Investment Ltd. Promoter Group · Market Purchase | Buy | 51,00,000 | ₹358 Cr | 7 Aug 2024 |
Gautam S. Adani & Rajesh S. Adani (on behalf of S.B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 14,87,97,834 | ₹8638 Cr | 8 May 2024 |
Ardour Investment Holding Ltd. Promoter Group · Market Purchase | Buy | 91,00,000 | ₹341 Cr | 28 Sept 2023 |
Ardour Investment Holding Ltd. Promoter Group · Market Purchase | Buy | 90,00,000 | ₹341 Cr | 28 Sept 2023 |
Fortitude Trade and Investment Ltd. Promoter Group · Market Purchase | Buy | 36,00,000 | ₹123 Cr | 6 Sept 2023 |
Gautam S. Adani & Rajesh S. Adani (on behalf of S.B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 25,81,41,741 | ₹8525 Cr | 5 Sept 2023 |
Mukesh Shah Director · Market Purchase | Buy | 500 | ₹73,826 | 27 Feb 2023 |
Mukesh Shah Director · Market Purchase | Buy | 1,000 | ₹1.6 L | 25 Feb 2023 |
Adani Tradeline Private Limited Promoter Group · Others | Buy | 37,71,80,885 | ₹0 | 7 Jul 2022 |
Gautam s. Adani / Rajesh S. Adani (on behalf of S. B. Adani Family Trust) Promoter Group · Revokation of Pledge | Pledge released | 3,55,00,000 | ₹375 Cr | 20 Jul 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
- splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
22 Sept 2025ex-date - 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
26 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
29 Jul 2016ex-date - otherNot available — not reported in this filing
Annual General Meeting
31 Jul 2015ex-date - otherNot available — not reported in this filing
Annual General Meeting
31 Jul 2014ex-date - otherNot available — not reported in this filing
Annual General Meeting
30 Jul 2013ex-date - otherNot available — not reported in this filing
Annual General Meeting
2 Aug 2012ex-date - otherNot available — not reported in this filing
Annual General Meeting
3 Aug 2011ex-date - otherNot available — not reported in this filing
Annual General Meeting
12 Aug 2010ex-date
Company announcements
Adani Power Limited has submitted to the Exchange a copy of the Outcome of Board Meeting
Adani Power Limited has submitted Unaudited Financial Results for the quarter and half year ended September 30, 2026.
Adani Power Limited has informed the Exchange about Earnings Call for Q2 FY27
Adani Power Limited has informed the Exchange about Letter of Award
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners LLC
Adani Power Limited has informed the Exchange about Analyst / Investor Meet
Adani Power Limited has submitted Certificate under Regulation 74(5) for quarter ended September 2026
Adani Power Limited has informed the Exchange about signing of Shareholders Agreement
Adani Power Limited has informed the Exchange about an Update
Adani Power Limited has informed the Exchange about Closure of Trading Window
Adani Power Limited has informed the Exchange about Earnings Call / Analyst Investor Meet
Adani Power Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2026 ,inter alia, to consider and approve Unaudited Financial Results (Standalone ....
Adani Power Limited has informed the Exchange about Update on the Scheme of Amalgamation
Adani Power Limited has informed the Exchange about Update on the Scheme of Amalgamation
Adani Power Limited has informed the Exchange about Clarification on news item appearing in media article
Filed with BSE (scrip 533096); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
Credit ratings
- Rating update · 31 Aug from fitch
- Rating update · 17 Aug from care
- Rating update · 17 Apr from icra
- Rating update · 30 Mar from crisil
- Rating update · 27 Feb from icra
- Rating update · 13 Jan from care
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 Power: common questions
Answered from the figures on this page.
