Adani Energy Solutions Limited Share Price & Analysis
Price Chart
Fundamentals
Concerns
- ✗Premium to sector peers (P/E 80.5x vs industry 49.5x)
- ✗Elevated debt levels (D/E 1.9x)
- ✗Trading near 52-week high (₹1,578)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹233 | ₹4.6L Cr | 35.6 | 6.91 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹361 | ₹3.6L Cr | 13.2 | 1.72 | 14 | 8.33 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹285 | ₹2.6L Cr | 16.5 | 2.64 | 16.5 | 9.74 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,522 | ₹2.4L Cr | 130 | 12.58 | 11.4 | 7.39 | 5.19 |
| TATAPOWER Tata Power Company Limited | ₹409 | ₹1.3L Cr | 34.9 | 3.3 | 10.1 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹581 | ₹1.1L Cr | 47.3 | 3.32 | 7.86 | 8.29 | 2.37 |
| NTPCGREEN NTPC Green Energy Limited | ₹101 +0.02% | ₹85K Cr | 163 | 4.63 | 2.79 | 3.53 | 1.65 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ADANIENSOL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 73.22% | 73.22% | 74.95% | 69.94% | 69.94% | 69.94% |
| FII | 17.49% | 17.49% | 15.53% | 18.66% | 17.34% | 17.58% |
| DII | 3.82% | 3.80% | 3.97% | 5.38% | 5.85% | 6.33% |
| Public | 5.46% | 5.49% | 5.54% | 6.03% | 6.87% | 6.16% |
Corporate Events
Annual General Meeting
Annual General Meeting
Latest News
All news →MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX* — MSCI has included Adani Energy Solutions, NALCO, and MCX in its India index, effective next review. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai Motor. The move may trigger passive fund inflows into new entrants and outflows from removed stocks. Rebalancing could impact F&O liquidity ahead of expiry. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped*. MSCI has included Adani Energy, NALCO, and MCX in its India index, effective post-rebalance. Meanwhile, RVNL, Kalyan Jewellers, Hyundai Motor, and SBICard were removed. The move may trigger passive fund inflows into the new entrants and outflows from excluded stocks. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX.* MSCI has added Adani Energy Solutions, NALCO, and MCX to its India index, effective August 2023. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai. The move may trigger **$150M+** in passive fund flows due to index rebalancing. Rejigs often impact FPI holdings and short-term trading patterns. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Adani Energy added, RVNL removed from MSCI index
*Adani Energy added, RVNL removed from MSCI index*. Adani Energy Solutions will be included in the MSCI Global Standard Index following the latest rebalancing, effective August 2024. Meanwhile, Rail Vikas Nigam (RVNL) has been removed, triggering potential outflows from passive funds tracking the index. Inclusion may attract **$100–150 million** in foreign inflows to Adani stock, while RVNL could see selling pressure. 📊 *STOCKS:* ADANIENSOL, RVNL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCI
Adani Energy, MCX added to MSCI Global Standard Index
*Adani Energy, MCX added to MSCI Global Standard Index.* This inclusion may attract passive foreign inflows as global funds tracking MSCI benchmarks rebalance. **Two stocks** enter, while **Hyundai and RVNL** are excluded. Index rejigs typically trigger portfolio adjustments by ETFs and foreign investors. 📊 *STOCKS:* ADANIENSOL, MCX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCI
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 ▲17.4% | ₹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 ▲13.0% | ₹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 | ₹737 Cr ▲189.1% | ₹-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 ▲22.1% | ₹40.3K Cr ▲8.6% | ₹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 ▲57.7% | ₹11.6K Cr ▲31.0% | ₹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 ▲25.6% | ₹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 ▲58.9% | ₹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 ▲25.6% | ₹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 ▲26.5% | ₹8.7K Cr ▲44.0% | ₹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 ▼67.0% | ₹8.0K Cr ▲1568.7% | ₹-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 ▼402.9% | ₹-683 Cr ▼212.3% | ₹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 | -21d ▲38.2% | -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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