Adani Energy Solutions Limited
₹1,345.55-₹15.45 (-1.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,11,843 Cr
- P/E
- 181.0x
- EV / EBITDA
- 114.6x
- Revenue
- ₹1,938 Cr
- Net margin
- 39.2%
- ROCE
- 0.1%
Price chart
Technical chartScreen technicals →+39.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +2.5%
- 3M
- -18.9%
- 6M
- +0.3%
- 1Y
- +39.4%
- 5Y
- -26.4%
52-week range
Day change -₹15.45 (-1.1%) from ₹1,361 to ₹1,346 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ADANIENSOL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 150.8%
Concerns1
- Low interest coverage ratio of 0.0x
Rule-based from financial data. Not advice.
About the company
Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission, Distribution Business, Trading, and Others segments.
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Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission, Distribution Business, Trading, and Others segments. The company is involved in the establishment, commission, setting up, operation, and maintenance of electric power transmission systems; development, ownership, and operation of transmission lines; trade of bullion and other commodities; and laying of optical ground wire fibers on transmission lines to provide telecom solutions to telecom companies, internet service providers, and long-distance communication operators. The company was formerly known as Adani Transmission Limited and changed its name to Adani Energy Solutions Limited in July 2023. The company was incorporated in 2013 and is headquartered in Ahmedabad, India. Adani Energy Solutions Limited operates as a subsidiary of S.B. Adani Family Trust.
- Sector
- Energy
- Shares outstanding
- 120 Cr shares
- ISIN
- INE931S01010
- BSE code
- 539254
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,11,843 Cr
- P/E
- 181.0x
- P/B
- 5.6x
- EV / EBITDA
- 114.6x
- EV / Sales
- 76.2x
- P/S
- 73.7x
- Earnings yield
- 0.6%
- 52-week high
- ₹1,741.35
- 52-week low
- ₹814.25
Profitability
- Operating margin
- 0.9%
- Net margin
- 39.2%
- EBITDA margin
- 66.4%
- ROE
- 5.4%
- ROCE
- 0.1%
- ROA
- 3.6%
- Dividend payout
- 0.0%
- Tax rate
- 10.0%
- Other income, % of PBT
- 151.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,938 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 27.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,008 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 71.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 150.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹209 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1293.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.4%
Solvency and efficiency
- Current ratio
- 53.19
- Debt / Equity
- 0.47
- Debt / Assets
- 0.32
- Debt / EBITDA
- 5.13
- Interest coverage
- 0.04
- Financial leverage
- 1.50
- CFO / Net profit
- -0.35
- Cash / Market cap
- 6.6%
- Cash per share
- ₹61.27
- Asset turnover
- 0.09
- Fixed asset turnover
- 168.56
- Capital intensity
- 0.01
- Debtor days
- 55 days
- Cash conversion cycle
- 55 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹32 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,889 Cr |
| Sales | Operating profit | ₹49 Cr |
| Operating profit | Interest | ₹49 Cr |
| Other income | Interest | ₹481 Cr |
| Other income | Depreciation | ₹1 Cr |
| Other income | Profit before tax | ₹627 Cr |
| Profit before tax | Tax and other | ₹9 Cr |
| Profit before tax | Net profit | ₹618 Cr |
Revenue and net profit
Revenue grew 27.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹755 Cr | -₹21 Cr |
| FY2022 | ₹740 Cr | -₹65 Cr |
| FY2023 | ₹688 Cr | ₹170 Cr |
| FY2024 | ₹1,517 Cr | ₹595 Cr |
| FY2025 | ₹1,938 Cr | ₹618 Cr |
Cash flows
FY2025: -₹955 Cr from operations, -₹10,119 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹22 Cr | ₹169 Cr |
| FY2022 | ₹3 Cr | ₹243 Cr |
| FY2023 | -₹15 Cr | -₹1,680 Cr |
| FY2024 | -₹209 Cr | -₹2,210 Cr |
| FY2025 | -₹955 Cr | -₹10,119 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,938 Cr+27.8%1Y
- Net profit
- ₹618 Cr+3.9%1Y
- Cash from operations
- -₹955 Cr
- Free cash flow
- -₹10,119 Cr
- Revenue CAGR, 5Y
- 12.1%
- EBITDA CAGR, 5Y
- 5.5%
- Net profit CAGR, 5Y
- 150.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,938 Cr | ₹49 Cr | — | ₹618 Cr | -₹955 Cr | -₹10,119 Cr | 3.1% | +27.8% | +3.9% |
Monthly returns
Month-by-month returns of ADANIENSOL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹28,564 Cr |
| Equity capital | ₹1,201 Cr |
| Reserves | ₹18,497 Cr |
| Borrowings | ₹7,902 Cr |
| Other liabilities | ₹964 Cr |
| Assets | ₹28,564 Cr |
| Fixed assets | ₹10 Cr |
| Capital work in progress | ₹30 Cr |
| Investments | ₹13,207 Cr |
| Other assets | ₹15,318 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ADANIENSOL trades at 181.0x earnings against a peer median of 24.8x (a 630% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Adani Energy Solutions LimitedADANIENSOLthis companyP/E ↑ premium | ₹1.1 L Cr | 181.0x | 5.6x | 5.4% | 114.6x |
| Adani Green Energy LimitedADANIGREEN | ₹1.5 L Cr | 127.0x | 10.4x | -7.3% | 163.7x |
| Bharat Petroleum Corpn. Ltd.BPCL | ₹1.5 L Cr | 7.1x | 1.7x | 35.7% | 3.8x |
| Gail (India) Ltd.GAIL | ₹1.1 L Cr | 13.4x | 1.5x | 13.8% | 7.9x |
| Hindustan Petroleum Corporation LtdHINDPETRO | ₹95,486 Cr | 6.5x | 1.8x | 35.8% | 5.5x |
| JSW Energy LimitedJSWENERGY | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Siemens Energy India LimitedENRIN | ₹85,572 Cr | 77.8x | 19.5x | — | — |
| NHPC LimitedNHPC | ₹81,826 Cr | 25.8x | 2.1x | 10.0% | 17.7x |
| NTPC GREEN ENERGY LIMITEDNTPCGREEN | ₹77,227 Cr | 141.0x | 4.1x | 5.9% | 46.7x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
ADANIENSOL since 1 January, against earlier years.
Historical volatility
ADANIENSOL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -1.0% |
| FY2022 | 0.0% |
| FY2023 | -4.0% |
| FY2024 | 1.0% |
| FY2025 | 3.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,938 Cr |
| Costs | |
| Interest | ₹530 Cr |
| Expenses | ₹1,889 Cr |
| Operating profitOperating Profit | ₹49 Cr |
| Other income and charges | |
| Profit before tax | ₹627 Cr |
| Tax | |
| Net profitNet Profit | ₹618 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹28,564 Cr |
| Equity capitalEquity Capital | ₹1,201 Cr |
| Reserves | ₹18,497 Cr |
| Borrowings | ₹7,902 Cr |
| Other liabilitiesOther Liabilities | ₹964 Cr |
| AssetsTotal Assets | ₹28,564 Cr |
| Fixed assetsFixed Assets | ₹10 Cr |
| Capital work in progressCWIP | ₹30 Cr |
| Investments | ₹13,207 Cr |
| Other assetsOther Assets | ₹15,318 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹955 Cr |
| Investing cash flowCash from Investing Activity | -₹9,164 Cr |
| Financing cash flowCash from Financing Activity | ₹10,587 Cr |
| Change in cashNet Cash Flow | ₹468 Cr |
Learn while you research
Academy chapters picked for Adani Energy Solutions Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 181.0, learn when high multiples are justified.6 min read
- 04 Growth Investing28% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read