Adani Power

    ADANIPOWER
    Energy
    ₹209.97
    price as of 11/9/2026, 5:27:54 pm

    Market cap ₹4.05 L Cr

    P/E
    28.41
    Day range
    ₹208.41 – ₹212.48
    52-week range
    ₹125.20 – ₹254.20
    Volume
    1.03 Cr
    Open
    ₹212.00
    Prev close
    ₹213.50
    Promoters pledged 3.0% of their shares
    52-week range, adjusted for splits and bonuses
    ₹120₹254.2
    11 Sept 202529 May 2026
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500NIFTY ENERGYF&O lot 3,550

    Price history

    6M change +51.22%RSI (14) 51.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 37.2% today vs 34.2% average · BSE close ₹209.85

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹120₹160₹200₹240₹2800%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
    ₹210.82
    Change
    -1.24%
    Basis over spot
    +₹0.85
    Futures OI (shares)
    18.26 Cr
    OI change
    -0.33%
    Put-call ratio
    0.64
    Max pain
    ₹210
    Resistance (call OI)
    ₹210
    Support (put OI)
    ₹200
    Lot size
    3,550

    Open interest by strike

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

    170175180185190195200205210215220225230235240250260030.0 L60.0 L90.0 L1.20 Crspot
    • 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)
    30.1
    EPS (TTM)
    ₹7.44
    Price / Book
    6.38
    ROE (FY26)
    21.4%
    ROCE (latest year)
    17%
    Dividend yield
    0.00%
    Net margin (TTM)
    24.6%
    Current ratio
    1.41
    Debt / Equity
    0.68
    Revenue growth (5y)
    15.7%
    EPS growth (5y)
    58.8%

    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
    ₹207.19Price above₹207.51Price above₹206.44Price above₹212.04Price below₹217.75Price below₹182.13Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +11.8%
    Profit 3Y CAGR
    +6.5%
    Revenue YoY (Jun 2026)
    +34.0%
    Profit YoY (Jun 2026)
    +47.3%
    Operating margin
    42.0%
    Net margin
    25.7%

    Revenue, profit & margin - quarterly

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

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr5.0K Cr10.0K Cr15.0K Cr20.0K Cr0%15%30%45%60%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • Public
    • DII

    Cash flows

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

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-30.0KCr-15.0KCr0 Cr15.0K Cr30.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-120%-60%0%60%120%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 Cr20.0K Cr40.0K Cr60.0K Cr80.0K Cr0.0x15.0x30.0x45.0x60.0x
    • 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
    Sales12,99112,99113,36414,95613,33913,67114,23714,10913,45712,45114,22318,902
    Expenses7,8198,3468,5148,7618,0638,6489,4258,4248,3078,2139,49110,953
    Operating Profit5,1714,6454,8506,1945,2765,0234,8135,6855,1504,2384,7327,949
    OPM %40%36%36%41%40%37%34%40%38%34%33%42%
    Other Income1,9453645185187241,1622984658515431,766538
    Interest888797820811807957765857842701967901
    Depreciation1,0041,0029909961,0591,1701,0851,0891,1931,1351,1471,167
    Profit before tax5,2243,2103,5584,9064,1344,0593,2614,2043,9662,9454,3846,418
    Tax %-26%15%23%20%20%28%20%21%27%16%3%24%
    Net Profit6,5942,7382,7373,9133,2982,9402,5993,3052,9062,4884,2714,867
    EPS in Rs₹3.42₹1.42₹1.42₹2.03₹1.73₹1.59₹1.37₹1.76₹1.53₹1.29₹2.08₹2.49

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

    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 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
    +7%

    Compounded Profit Growth

    10 Years
    +37%
    5 Years
    +58%
    3 Years
    +6%
    TTM
    +15%

    Stock Price CAGR

    10 Years
    +44%
    5 Years
    +59%
    3 Years
    +40%
    1 Year
    +68%

    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

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter74.96%74.96%74.96%74.96%0.00 pp
    FII11.53%11.64%11.73%11.76%+0.03 pp
    DII2.70%3.41%3.69%4.07%+0.38 pp
    Public10.82%9.99%9.63%9.20%-0.43 pp

    Filed with NSE for Jun 2026: promoters 74.96%, public 25.04% · XBRL filing

    Analysts & fund holdings

    80%
    80% recommend buy
    10 analysts cover the stock
    Valuation vs Independent Power and Renewable Electricity Producers
    P/E28.4 vs 26.3
    Sector P/B2.93
    Beta1.24

    Who holds the shares, quarter by quarter

    Mutual funds 3.92% (+0.30 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters75.0%
    • Foreign institutions11.8%
    • Mutual funds3.9%
    • Insurance0.1%
    • Other domestic institutions0.0%
    • Retail4.3%
    • Others4.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Aggressive Hybrid Fund0.65%2.90%-0.49 pp
    SBI Focused Fund0.55%4.25%-0.96 pp
    Quant Small Cap Fund0.30%3.34%-0.76 pp
    Quant ELSS Tax Saver Fund0.26%7.70%-1.21 pp
    SBI Multicap Fund0.21%3.39%-1.50 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.

    Corporate actions

    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share

      22 Sept 2025
      ex-date
    • 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

      26 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

      29 Jul 2016
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      31 Jul 2015
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      31 Jul 2014
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      30 Jul 2013
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      2 Aug 2012
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      3 Aug 2011
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      12 Aug 2010
      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
    Hibiscus Trade and Investment Ltd.
    Promoter Group · Market Purchase
    		Buy31,00,000₹216 Cr8 Aug 2024
    Hibiscus Trade and Investment Ltd.
    Promoter Group · Market Purchase
    		Buy41,00,000₹286 Cr7 Aug 2024
    Hibiscus Trade and Investment Ltd.
    Promoter Group · Market Purchase
    		Buy51,00,000₹358 Cr7 Aug 2024
    Gautam S. Adani & Rajesh S. Adani (on behalf of S.B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released14,87,97,834₹8638 Cr8 May 2024
    Ardour Investment Holding Ltd.
    Promoter Group · Market Purchase
    		Buy91,00,000₹341 Cr28 Sept 2023
    Ardour Investment Holding Ltd.
    Promoter Group · Market Purchase
    		Buy90,00,000₹341 Cr28 Sept 2023
    Fortitude Trade and Investment Ltd.
    Promoter Group · Market Purchase
    		Buy36,00,000₹123 Cr6 Sept 2023
    Gautam S. Adani & Rajesh S. Adani (on behalf of S.B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released25,81,41,741₹8525 Cr5 Sept 2023
    Mukesh Shah
    Director · Market Purchase
    		Buy500₹73,82627 Feb 2023
    Mukesh Shah
    Director · Market Purchase
    		Buy1,000₹1.6 L25 Feb 2023
    Adani Tradeline Private Limited
    Promoter Group · Others
    		Buy37,71,80,885₹07 Jul 2022
    Gautam s. Adani / Rajesh S. Adani (on behalf of S. B. Adani Family Trust)
    Promoter Group · Revokation of Pledge
    		Pledge released3,55,00,000₹375 Cr20 Jul 2021

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

    Bulk & block deals

    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    1 Sept 2026—Short sale193—

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement Under Regulation 30 (LODR)- Assignment Of Maharashtra State Electricity Distribution Co. Limited'S 2500 MW RE RTC Power Supply Contract By Adani Power Limited To Powerpulse Trading Solutions Limited

    Adani Power Limited has informed the Exchange about assignment of MSEDCL's RE RTC Power Supply Contract to Powerpulse Trading Solutions Limited

    Company Update
    Investor Presentation September 2026 In USD

    Adani Power Limited has submitted to the Exchange copy of the Investor Presentation in USD for September 2026

    Company Update
    Investor Presentation September 2026 In INR

    Adani Power Limited has submitted to the Exchange copy of the Investor Presentation in INR for September 2026

    Company Update
    Announcement Under Regulation 30 LODR Declaration Of Successful Resolution Applicant And Issuance Of Letter Of Intent For Acquiring GVK Energy Limited

    GVK Energy Limited

    Company Update
    Media Release

    Adani Power Limited has submitted copy of Media Release to the Exchange

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

    Adani Power Limited has informed the Exchange about Credit Rating.

    Company Update
    Announcement Under Regulation 30 (LODR)- Signing Of Agreement For Sale Of A Subsidiary

    Adani Power Limited has informed the Exchange about signing of an Agreement for sale of a Subsidiary

    Company Update
    Investor Presentation (USD) - August 2026

    Adani Power Limited has submitted with the exchange, a copy of the Investor Presentation (USD)

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

    Adani Power Limited has informed the Exchange about Analyst/Investor Meet

    Company Update
    Announcement Under Regulation 30 (LODR)- Update On Pending Litigation

    Adani Power Limited has informed the Exchange about update on pending litigation

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

    Adani Power Limited has submitted details of Credit Rating to the Exchange

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

    Adani Power Limited has informed the Exchange about Analyst / Investor Meet

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

    Adani Power Limited has submitted to the Exchange, a copy of Scrutinizers Report and Voting Results

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of EGM

    Adani Power Limited has informed the Exchange about Proceedings of EGM

    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 Pranav Vinod Adani & Others

    Filed with BSE (scrip 533096); 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 29 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.