Adani Power Limited
₹189.40-₹1.80 (-0.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,76,679 Cr
- P/E
- 24.6x
- EV / EBITDA
- 11.4x
- Revenue
- ₹49,711 Cr
- Net margin
- 42.3%
- ROCE
- 22.3%
Price chart
Technical chartScreen technicals →+16.6% 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
- -7.1%
- 3M
- -9.3%
- 6M
- -14.7%
- 1Y
- +16.6%
- 5Y
- +798.9%
52-week range
Day change -₹1.80 (-0.9%) from ₹191 to ₹189 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ADANIPOWER, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 115.3%
Concerns1
- Other income is 51.3% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 17,550 megawatt (MW).
Read moreShow less
Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 17,550 megawatt (MW). It also operates various coal based power plants comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 1,200 MW at Udupi, Karnataka; 600 MW at Raigarh and Korba, Chhattisgarh; 1,370 MW at Raipur, Chhattisgarh; 1,200 MW at Mahan, Madhya Pradesh; 1,200 MW at Mutiara, Tamil Nadu; 1,600 MW at Mirzapur, Uttar Pradesh; 500MW at Dahanu, Maharashtra; and 1600 MW at Godda, Jharkhand. The company also operates solar based power plant comprising 40 MW at Bitta, Gujarat. In addition, it engages in coal import and supply/trading business. Adani Power Limited was founded in 1988 and is headquartered in Ahmedabad, India.
- Sector
- Energy
- Shares outstanding
- 1,935 Cr shares
- ISIN
- INE814H01029
- BSE code
- 533096
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,76,679 Cr
- P/E
- 24.6x
- P/B
- 5.8x
- EV / EBITDA
- 11.4x
- EV / Sales
- 6.6x
- P/S
- 6.0x
- Earnings yield
- 4.1%
- 52-week high
- ₹248.75
- 52-week low
- ₹133.05
Profitability
- Operating margin
- 36.0%
- Net margin
- 42.3%
- EBITDA margin
- 57.6%
- ROE
- 49.1%
- ROCE
- 22.3%
- ROA
- 22.1%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- 51.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹49,711 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.
- 7.0%
- 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.
- 115.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹26,757 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.
- 93.3%
- 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.
- -41.1%
- 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.
- ₹12,976 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.
- 63.6%
- 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.
- -₹398 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.
- 22.2%
Solvency and efficiency
- Current ratio
- 2.03
- Debt / Equity
- 0.87
- Debt / Assets
- 0.39
- Debt / EBITDA
- 1.30
- Interest coverage
- 4.91
- Financial leverage
- 2.23
- CFO / Net profit
- 0.66
- Cash / Market cap
- 9.7%
- Cash per share
- ₹13.86
- Asset turnover
- 0.52
- Fixed asset turnover
- 0.78
- Capital intensity
- 1.28
- Debtor days
- 90 days
- Cash conversion cycle
- 90 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹23 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹30,089 Cr |
| Sales | Operating profit | ₹19,622 Cr |
| Operating profit | Interest | ₹3,207 Cr |
| Operating profit | Depreciation | ₹3,879 Cr |
| Operating profit | Profit before tax | ₹12,536 Cr |
| Other income | Profit before tax | ₹2,747 Cr |
| Profit before tax | Tax and other | ₹3,724 Cr |
| Profit before tax | Net profit | ₹11,560 Cr |
Revenue and net profit
Revenue grew 7.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹447 Cr | -₹499 Cr |
| FY2022 | ₹27,711 Cr | ₹5,036 Cr |
| FY2023 | ₹36,681 Cr | ₹10,246 Cr |
| FY2024 | ₹46,456 Cr | ₹19,632 Cr |
| FY2025 | ₹49,711 Cr | ₹11,560 Cr |
Cash flows
FY2025: ₹18,453 Cr from operations, ₹7,642 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹288 Cr | ₹102 Cr |
| FY2022 | ₹10,264 Cr | ₹11,650 Cr |
| FY2023 | ₹7,933 Cr | ₹10,757 Cr |
| FY2024 | ₹12,976 Cr | ₹16,121 Cr |
| FY2025 | ₹18,453 Cr | ₹7,642 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹49,711 Cr+7.0%1Y
- Net profit
- ₹11,560 Cr-41.1%1Y
- Cash from operations
- ₹18,453 Cr
- Free cash flow
- ₹7,642 Cr-52.6%1Y
- Revenue CAGR, 5Y
- 115.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹49,711 Cr | ₹19,622 Cr | — | ₹11,560 Cr | ₹18,453 Cr | ₹7,642 Cr | 24.9% | +7.0% | -41.1% |
Monthly returns
Month-by-month returns of ADANIPOWER 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 | ₹96,683 Cr |
| Equity capital | ₹3,857 Cr |
| Reserves | ₹42,592 Cr |
| Borrowings | ₹35,963 Cr |
| Other liabilities | ₹14,271 Cr |
| Assets | ₹96,683 Cr |
| Fixed assets | ₹58,142 Cr |
| Capital work in progress | ₹2,994 Cr |
| Investments | ₹4,330 Cr |
| Other assets | ₹31,218 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ADANIPOWER trades at 24.6x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Adani Power LimitedADANIPOWERthis company | ₹2.8 L Cr | 24.6x | 5.8x | 49.1% | 11.4x |
| NTPC LimitedNTPC | ₹3.3 L Cr | 16.4x | 2.0x | 12.1% | 10.0x |
| Oil And Natural Gas Corporation LtdONGC | ₹3.1 L Cr | 9.4x | 0.9x | 13.2% | 4.1x |
| Adani Enterprises Ltd.ADANIENT | ₹2.5 L Cr | 108.0x | 8.9x | 17.1% | 54.6x |
| POWER GRID CORPORATION OF INDIA LIMITEDPOWERGRID | ₹2.4 L Cr | 15.6x | 2.4x | 17.8% | 8.8x |
| Indian Oil Corporation Ltd.IOC | ₹2.2 L Cr | 9.7x | 1.2x | 22.4% | 4.3x |
| 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 |
| Adani Energy Solutions LimitedADANIENSOL | ₹1.1 L Cr | 181.0x | 5.6x | 5.4% | 114.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
ADANIPOWER since 1 January, against earlier years.
Historical volatility
ADANIPOWER'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 | 9.0% |
| FY2022 | 36.0% |
| FY2023 | 26.0% |
| FY2024 | 36.0% |
| FY2025 | 39.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹49,711 Cr |
| Costs | |
| Interest | ₹3,207 Cr |
| Expenses | ₹30,089 Cr |
| Operating profitOperating Profit | ₹19,622 Cr |
| Other income and charges | |
| Profit before tax | ₹15,284 Cr |
| Tax | |
| Net profitNet Profit | ₹11,560 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹96,683 Cr |
| Equity capitalEquity Capital | ₹3,857 Cr |
| Reserves | ₹42,592 Cr |
| Borrowings | ₹35,963 Cr |
| Other liabilitiesOther Liabilities | ₹14,271 Cr |
| AssetsTotal Assets | ₹96,683 Cr |
| Fixed assetsFixed Assets | ₹58,142 Cr |
| Capital work in progressCWIP | ₹2,994 Cr |
| Investments | ₹4,330 Cr |
| Other assetsOther Assets | ₹31,218 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹18,453 Cr |
| Investing cash flowCash from Investing Activity | -₹10,811 Cr |
| Financing cash flowCash from Financing Activity | -₹8,041 Cr |
| Change in cashNet Cash Flow | -₹398 Cr |
Learn while you research
Academy chapters picked for Adani Power 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 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read