Adani Energy Solutions Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Elevated debt levels (D/E 1.7x)
Today's Price Action
The stock closed at ₹1294 with flat intraday movement. Trading volume matched the 20‑day average at 12,21,731 shares, indicating a balanced participation level. The price remained within the previous day’s range, showing no gap.
Valuation Snapshot
The trailing P/E stands at 40.2, while the power sector registers a neutral P/E of zero, reflecting a lack of comparable peers. Return on equity is 9.44%, suggesting modest profitability relative to capital employed. Book value per share is not disclosed, resulting in a P/B of zero.
Key Levels to Watch
The price sits near the mid‑range of its 52‑week band, roughly 62 % above the low of ₹803 and 27 % below the high of ₹1789. Open‑interest data points to resistance around ₹1350 and support near ₹1200, derived from recent futures contracts. Historical turnover shows the ₹1200 level acting as a floor during previous corrections.
Chart Pattern
In the daily chart, a bullish Marubozu appeared two sessions ago followed by a bullish Harami three sessions ago; a Three Black Crows formation occurred six sessions earlier. These candlesticks illustrate short‑term shifts in momentum without implying a longer‑term direction. The formations occurred on the 1‑day timeframe, reflecting daily price action.
Data Summary
The company records a market capitalization of zero crore, a P/B of zero, and a P/E of 40.2 on the current price of ₹1294. Volume aligns with its 20‑day average, and the stock has traded within a 52‑week range of ₹803 to ₹1789. No dividend payout is reported for the fiscal year, and earnings per share remain undisclosed.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹185 | ₹3.5L Cr | 19.3 | 4.64 | 21.1 | 17.2 | 0.82 |
| NTPC NTPC Limited | ₹304 | ₹2.9L Cr | 10.4 | 1.45 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹251 | ₹2.3L Cr | 14.5 | 2.33 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,269 | ₹2.0L Cr | 99.9 | 9.69 | 11.4 | 7.39 | 5.48 |
| TATAPOWER Tata Power Company Limited | ₹335 | ₹1.1L Cr | 28.4 | 2.7 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹483 | ₹82K Cr | 41 | 2.76 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹74 | ₹70K Cr | 18.5 | 1.81 | 9.32 | 5.75 | 1.09 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ADANIENSOL · as of Dec 2025
| Category | Jul 2026 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoters | 71.19% | 73.22% | 73.22% | 74.95% | 69.94% | 69.94% |
| FII | 13.06% | 17.49% | 17.49% | 15.53% | 18.66% | 17.34% |
| DII | 9.97% | 3.82% | 3.80% | 3.97% | 5.38% | 5.85% |
| Public | 5.79% | 5.46% | 5.49% | 5.54% | 6.03% | 6.87% |
Corporate Events
To consider and approve the Unaudited financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and Approve proposal of Fund Raising
Annual General Meeting
Annual General Meeting
Latest News
All newsAdani Energy reports Q2 and H1 FY27 standalone and consolidated results
*Adani Energy reports Q2 and H1 FY27 standalone and consolidated results*. Unaudited financial results for the quarter and half year ended September 30, 2026, show revenue growth of **₹8,200 crore** in Q2 and EBITDA margin at **34%**. Debt levels remain elevated at **₹42,500 crore** as of quarter-end. Investor presentation highlights expansion plans in transmission and distribution. 📊 *STOCKS:* $ADANIENSOL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Adani Energy wins ₹4,700 crore Maharashtra transmission order
*Adani Energy wins ₹4,700 crore Maharashtra transmission order*. Adani Energy Solutions Ltd secured a **₹4,700 crore** transmission project in Maharashtra to evacuate **4,500 MW** of renewable and storage power. The project will support grid integration of large-scale clean energy. This win strengthens AESL’s position in India’s green energy corridor. 📊 *STOCKS:* $ADANIENT | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Orders
Adani Energy to acquire 100% of Vizag Power
*Adani Energy to acquire 100% of Vizag Power* in a strategic move to expand its transmission footprint. The acquisition of Vizag Power Transmission Limited is expected to strengthen Adani’s presence in the southern power market. Deal values not disclosed but implies significant infrastructure control. 📊 *STOCKS:* $ADANIENSOL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Acquisition
Adani Energy Solutions receives credit rating update
*Adani Energy Solutions receives credit rating update.* The company has been assigned a new credit rating as per a filing with the NSE. **Rating outlook remains stable**, reflecting consistent financial risk profile. Further details on rating agencies and grades were not specified in the brief filing. 📊 *STOCKS:* ADANIENGS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
Adani Energy Solutions receives new credit rating
*Adani Energy Solutions receives new credit rating.* The company's latest credit assessment has been updated per a corporate filing on the NSE. While terms and **rating grade** weren't detailed in the headline, such updates influence borrowing costs and investor sentiment. A stable rating supports future debt issuances and project financing. 📊 *STOCKS:* ADANIENERGYSOL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
SEBI closes Hindenburg case against Adani Group firms
*SEBI closes Hindenburg-related proceedings against Adani Group entities.* This clears a major regulatory overhang that had pressured stocks since 2023. The resolution is positive for investor sentiment with **no penalties** imposed. The development removes uncertainty ahead of earnings and F&O expiry. 📊 *STOCKS:* ADANIENSOL, ADANIPORTS, ADANIGREEN, ATGL, ADANIPOWER, AMBUJACEMENT, ANDHRACEMENT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #SEBI #Adani
Adani Energy to become India's largest smart metering platform via IntelliSmart acquisition
*Adani Energy to become India's largest smart metering platform via IntelliSmart acquisition* — The acquisition of IntelliSmart will position Adani Energy Solutions as the leading smart metering player in India. This strategic move adds **over 1.5 crore** smart meters to its portfolio, significantly expanding its footprint. The deal strengthens Adani's dominance in the power distribution and smart grid space. 📊 *STOCKS:* ADANIENERGYS | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Acquisition
Adani Energy to acquire smart meter firm IntelliSmart
*Adani Energy to acquire smart meter firm IntelliSmart* — Adani Energy Solutions is acquiring IntelliSmart, a leading smart meter player, boosting its smart grid footprint. The deal strengthens Adani’s position in India’s growing smart metering sector, expected to expand at **18% CAGR**. Details of the transaction value were not disclosed. 📊 *STOCKS:* ADANIENERG | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Acquisition
Adani Energy to acquire 100% of Satara Power
*Adani Energy to acquire 100% of Satara Power* through a share purchase agreement. The deal involves **100% equity shares** of Satara Power Transmission Limited. This strategic acquisition strengthens Adani's footprint in the power transmission sector. Financial terms were not disclosed. 📊 *STOCKS:* $ADANIENGSOLAR | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Acquisition
Adani Energy Solutions to host analyst investor meet.
*Adani Energy Solutions to host analyst and institutional investor meet.* The event aims to provide updates on company strategy and performance. Key insights expected on future guidance and capital allocation. Investors await clarity on expansion plans and debt management. 📊 *STOCKS:* $ADANIENSG | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #InvestorMeet
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.4K Cr 10.6% | ₹6.7K Cr 2.0% | ₹6.6K Cr 3.3% | ₹6.8K Cr 7.0% | ₹6.4K Cr 9.3% | ₹5.8K Cr 5.7% | ₹6.2K Cr 15.0% | ₹5.4K Cr |
| Op. Profit | ₹2.1K Cr 7.5% | ₹2.0K Cr 2.0% | ₹2.0K Cr 8.0% | ₹1.8K Cr 11.2% | ₹2.0K Cr 22.8% | ₹1.7K Cr 3.1% | ₹1.7K Cr 3.9% | ₹1.7K Cr |
| OPM | 29.0% 3.3% | 30.0% 0.0% | 30.0% 11.1% | 27.0% 15.6% | 32.0% 14.3% | 28.0% 0.0% | 28.0% 9.7% | 31.0% |
| Net Profit | ₹723 Cr 26.0% | ₹574 Cr 3.1% | ₹557 Cr 3.3% | ₹539 Cr 24.5% | ₹714 Cr 14.2% | ₹625 Cr 19.1% | ₹773 Cr 164.9% | ₹-1.2K Cr |
| EPS (₹) | 5.69 23.7% | 4.6 3.6% | 4.44 4.0% | 4.27 20.8% | 5.39 15.2% | 4.68 16.7% | 5.62 176.0% | -7.39 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹27.6K Cr 16.1% | ₹23.8K Cr 43.1% | ₹16.6K Cr 24.9% | ₹13.3K Cr 18.1% | ₹11.3K Cr 13.4% | ₹9.9K Cr 13.1% | ₹11.4K Cr 56.3% | ₹7.3K Cr 85.2% | ₹3.9K Cr 37.1% | ₹2.9K Cr |
| Expenses | ₹19.6K Cr 17.3% | ₹16.7K Cr 53.3% | ₹10.9K Cr 24.2% | ₹8.8K Cr 24.5% | ₹7.1K Cr 18.0% | ₹6.0K Cr 16.5% | ₹7.2K Cr 58.1% | ₹4.5K Cr 305.0% | ₹1.1K Cr 25.2% | ₹893 Cr |
| Op. Profit | ₹8.0K Cr 13.3% | ₹7.1K Cr 23.7% | ₹5.7K Cr 26.4% | ₹4.5K Cr 7.4% | ₹4.2K Cr 6.5% | ₹4.0K Cr 7.2% | ₹4.3K Cr 53.3% | ₹2.8K Cr 1.7% | ₹2.8K Cr 42.5% | ₹2.0K Cr |
| OPM | 29.0% 3.3% | 30.0% 11.8% | 34.0% 0.0% | 34.0% 8.1% | 37.0% 7.5% | 40.0% 8.1% | 37.0% 2.6% | 38.0% 47.2% | 72.0% 4.3% | 69.0% |
| Other Income | ₹721 Cr 187.2% | ₹-827 Cr 235.4% | ₹611 Cr 61.4% | ₹1.6K Cr 23.1% | ₹1.3K Cr 15.3% | ₹1.1K Cr 327.2% | ₹261 Cr 22.3% | ₹336 Cr 202.7% | ₹111 Cr 404.5% | ₹22 Cr |
| Interest | ₹3.6K Cr 11.5% | ₹3.3K Cr 17.8% | ₹2.8K Cr 0.5% | ₹2.8K Cr 17.6% | ₹2.4K Cr 11.7% | ₹2.1K Cr 5.4% | ₹2.2K Cr 60.9% | ₹1.4K Cr 57.0% | ₹886 Cr 2.0% | ₹904 Cr |
| Depreciation | ₹2.0K Cr 3.8% | ₹1.9K Cr 7.3% | ₹1.8K Cr 10.4% | ₹1.6K Cr 12.7% | ₹1.4K Cr 7.4% | ₹1.3K Cr 13.2% | ₹1.2K Cr 33.1% | ₹882 Cr 52.3% | ₹579 Cr 1.8% | ₹569 Cr |
| PBT | ₹3.1K Cr 189.8% | ₹1.1K Cr 39.6% | ₹1.8K Cr 4.0% | ₹1.7K Cr 0.7% | ₹1.7K Cr 4.9% | ₹1.6K Cr 46.3% | ₹1.1K Cr 31.8% | ₹840 Cr 42.9% | ₹1.5K Cr 176.7% | ₹532 Cr |
| Tax % | 23.0% 64.3% | 14.0% 57.6% | 33.0% 32.0% | 25.0% 7.4% | 27.0% 35.0% | 20.0% 44.4% | 36.0% 9.1% | 33.0% 50.0% | 22.0% 0.0% | 22.0% |
| Net Profit | ₹2.4K Cr 159.5% | ₹922 Cr 22.9% | ₹1.2K Cr 6.6% | ₹1.3K Cr 3.6% | ₹1.2K Cr 4.2% | ₹1.3K Cr 82.7% | ₹706 Cr 26.3% | ₹559 Cr 51.1% | ₹1.1K Cr 174.8% | ₹416 Cr |
| EPS (₹) | 19 115.4% | 8.82 13.5% | 10.2 9.4% | 11.26 2.8% | 10.95 1.6% | 11.13 65.1% | 6.74 32.7% | 5.08 51.1% | 10.39 174.1% | 3.79 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹1.2K Cr 0.0% | ₹1.2K Cr 7.7% | ₹1.1K Cr 0.0% | ₹1.1K Cr 1.4% | ₹1.1K Cr 0.0% | ₹1.1K Cr 0.0% | ₹1.1K Cr 0.0% | ₹1.1K Cr 0.0% | ₹1.1K Cr 0.0% | ₹1.1K Cr |
| Reserves | ₹24.2K Cr 16.1% | ₹20.9K Cr 81.0% | ₹11.5K Cr 8.4% | ₹10.6K Cr 20.7% | ₹8.8K Cr 12.7% | ₹7.8K Cr 5.7% | ₹7.4K Cr 6.6% | ₹6.9K Cr 40.1% | ₹5.0K Cr 168.4% | ₹1.8K Cr |
| Borrowings | ₹49.2K Cr 23.2% | ₹39.9K Cr 7.7% | ₹37.1K Cr 8.2% | ₹34.3K Cr 14.6% | ₹29.9K Cr 10.4% | ₹27.1K Cr 11.8% | ₹24.2K Cr 20.4% | ₹20.1K Cr 93.1% | ₹10.4K Cr 16.2% | ₹9.0K Cr |
| Other Liabilities | ₹18.2K Cr 52.4% | ₹11.9K Cr 34.9% | ₹8.8K Cr 11.6% | ₹7.9K Cr 3.4% | ₹7.7K Cr 6.0% | ₹7.2K Cr 3.6% | ₹7.0K Cr 59.1% | ₹4.4K Cr 460.7% | ₹781 Cr 12.2% | ₹890 Cr |
| Total Liabilities | ₹92.8K Cr 25.5% | ₹73.9K Cr 26.2% | ₹58.5K Cr 8.5% | ₹53.9K Cr 13.6% | ₹47.5K Cr 9.8% | ₹43.2K Cr 8.9% | ₹39.7K Cr 22.0% | ₹32.6K Cr 88.6% | ₹17.3K Cr 34.8% | ₹12.8K Cr |
Assets | ||||||||||
| Fixed Assets | ₹46.8K Cr 18.3% | ₹39.6K Cr 1.6% | ₹38.9K Cr 19.2% | ₹32.6K Cr 7.8% | ₹30.3K Cr 12.2% | ₹27.0K Cr 8.3% | ₹24.9K Cr 2.1% | ₹24.4K Cr 162.7% | ₹9.3K Cr 5.7% | ₹9.9K Cr |
| CWIP | ₹2.1K Cr 64.0% | ₹5.7K Cr 89.9% | ₹3.0K Cr 51.6% | ₹6.2K Cr 22.5% | ₹5.1K Cr 3.7% | ₹5.3K Cr 137.6% | ₹2.2K Cr 218.7% | ₹694 Cr 70.5% | ₹2.4K Cr 75.2% | ₹1.3K Cr |
| Investments | ₹2.6K Cr 0.2% | ₹2.6K Cr 244.4% | ₹766 Cr 44.1% | ₹1.4K Cr 144.2% | ₹561 Cr 26.9% | ₹442 Cr 41.2% | ₹313 Cr 6.8% | ₹336 Cr | ₹0 Cr 100.0% | ₹105 Cr |
| Other Assets | ₹41.3K Cr 58.6% | ₹26.0K Cr 64.1% | ₹15.8K Cr 15.6% | ₹13.7K Cr 18.5% | ₹11.6K Cr 9.7% | ₹10.6K Cr 14.0% | ₹12.3K Cr 72.3% | ₹7.1K Cr 26.6% | ₹5.6K Cr 272.3% | ₹1.5K Cr |
| Total Assets | ₹92.8K Cr 25.5% | ₹73.9K Cr 26.2% | ₹58.5K Cr 8.5% | ₹53.9K Cr 13.6% | ₹47.5K Cr 9.8% | ₹43.2K Cr 8.9% | ₹39.7K Cr 22.0% | ₹32.6K Cr 88.6% | ₹17.3K Cr 34.8% | ₹12.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹11.0K Cr 21.6% | ₹9.0K Cr 49.8% | ₹6.0K Cr 59.9% | ₹3.8K Cr 7.8% | ₹4.1K Cr 8.3% | ₹3.8K Cr 30.4% | ₹5.4K Cr 109.8% | ₹2.6K Cr 17.9% | ₹2.2K Cr 0.4% | ₹2.2K Cr |
| Investing CF | ₹-14.1K Cr 7.5% | ₹-15.2K Cr 208.0% | ₹-4.9K Cr 5.2% | ₹-4.7K Cr 19.4% | ₹-3.9K Cr 1.8% | ₹-4.0K Cr 29.0% | ₹-5.6K Cr 85.0% | ₹-3.0K Cr 4.4% | ₹-3.2K Cr 84.5% | ₹-1.7K Cr |
| Financing CF | ₹2.6K Cr 65.5% | ₹7.6K Cr 1504.4% | ₹-543 Cr 158.8% | ₹923 Cr 492.8% | ₹-235 Cr 68.5% | ₹-745 Cr 159.6% | ₹1.3K Cr 3189.5% | ₹38 Cr 97.6% | ₹1.6K Cr 449.2% | ₹-455 Cr |
| Net Cash Flow | ₹-456 Cr 131.5% | ₹1.4K Cr 162.8% | ₹551 Cr 27450.0% | ₹2 Cr 102.7% | ₹-75 Cr 92.3% | ₹-969 Cr 192.7% | ₹1.0K Cr 348.2% | ₹-421 Cr 170.6% | ₹596 Cr 14800.0% | ₹4 Cr |
| Free Cash Flow | ₹-3.4K Cr 928.4% | ₹-334 Cr 154.9% | ₹608 Cr 165.7% | ₹-925 Cr 884.0% | ₹-94 Cr 44.0% | ₹-168 Cr 106.3% | ₹2.7K Cr 92.0% | ₹1.4K Cr 12.6% | ₹1.2K Cr 49.2% | ₹829 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76d 16.9% | 65d 20.7% | 82d 110.3% | 39d 11.4% | 35d 5.4% | 37d 15.6% | 32d 11.1% | 36d 50.0% | 24d 0.0% | 24d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 76d 16.9% | 65d 20.7% | 82d 110.3% | 39d 11.4% | 35d 5.4% | 37d 15.6% | 32d 11.1% | 36d 50.0% | 24d 0.0% | 24d |
| Working Capital Days | -50d 47.1% | -34d 40.4% | -57d 26.9% | -78d 19.6% | -97d 20.5% | -122d 971.4% | 14d 108.0% | -175d 52.2% | -115d 10.2% | -128d |
| ROCE | 10.0% 0.0% | 10.0% 11.1% | 9.0% 10.0% | 10.0% 0.0% | 10.0% 9.1% | 11.0% 0.0% | 11.0% 10.0% | 10.0% 41.2% | 17.0% 41.7% | 12.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Adani Energy Solutions Limited
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]
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