Adani Energy Solutions Limited Share Price & Analysis
Price Chart
Fundamentals
Concerns
- ✗Premium to sector peers (P/E 92.3x vs industry 51.1x)
- ✗High premium to book value (P/B 8.2x)
- ✗Elevated debt levels (D/E 1.9x)
- ✗Trading near 52-week high (₹1,758)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹217 | ₹4.1L Cr | 32.4 | 6.44 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹350 | ₹3.3L Cr | 12.2 | 1.67 | 14 | 8.33 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹289 | ₹2.6L Cr | 16.6 | 2.68 | 16.5 | 9.74 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,472 | ₹2.5L Cr | 136 | 12.17 | 11.4 | 7.39 | 5.19 |
| TATAPOWER Tata Power Company Limited | ₹378 | ₹1.2L Cr | 31.3 | 3.05 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹561 | ₹99K Cr | 45.5 | 3.21 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹80 | ₹80K Cr | 21.1 | 1.95 | 9.29 | 5.73 | 1.09 |
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
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 news →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
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 smart meter firm IntelliSmart
*Adani Energy to acquire smart meter firm IntelliSmart*\nAdani Energy Solutions announced the acquisition of IntelliSmart, one of India's largest smart meter companies. The deal underscores Adani's push into smart grid infrastructure, though financial terms weren't disclosed. This strategic move boosts its footprint in the growing smart metering sector.\n\n📊 *STOCKS:* ADANIENERGY | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Acquisition
Adani Energy acquires 100% of Intellismart Infrastructure
*Adani Energy acquires 100% of Intellismart Infrastructure* to strengthen its digital infrastructure portfolio. The acquisition of Intellismart will enhance Adani Energy’s capabilities in the telecom and smart infrastructure space. This strategic move supports its broader expansion into high-growth technology-enabled sectors. 📊 *STOCKS:* ADANIENT | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Acquisition
Axis Capital lists stocks ahead of MSCI review
*Axis Capital highlights key stocks ahead of MSCI's August review.* Investors are watching **Eternal**, **Adani Energy**, and **Astral** for potential inclusion or weight changes. MSCI rebalancing could trigger **foreign inflows** or **outflows** depending on index adjustments. Past reviews have led to notable volume spikes around announcement dates. 📊 *STOCKS:* ETERNAL | ADANIENERGY | ASTRAL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCI
Adani Energy Solutions issues general ESG update
*Adani Energy Solutions issues general ESG update*. The company shared a corporate filing on its ESG rating and sustainability initiatives. No financial figures or major strategic changes were disclosed. The update is informational in nature. 📊 *STOCKS:* ADANIENGSOL | 🏢 *SECTOR:* Energy | #LOWIMPACT #ESG
Macquarie turns bullish on key energy stocks
*Macquarie turns bullish on key energy stocks* following strong operational outlook and valuation upside. The brokerage upgraded **Adani Energy**, **JSW Energy**, and **Adani Power** to 'Outperform'. Shares in the sector rose **up to 4%** on the news, tracking broader market gains. Analysts cite improving power demand and capacity additions as growth drivers. 📊 *STOCKS:* ADANIENGSOLAR | JSWENERGY | ADANIPOWER | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Energy
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
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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