Adani Power Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 21.1%)
- Efficient capital deployment (ROCE 17.2%)
- Attractively valued vs sector (P/E 28x vs industry 49.6x)
Concerns
Today's Price Action
The stock is trading flat at ₹207.20, matching the previous close. Volume on the day stands at 93,08,047 shares, identical to the 20‑day average, indicating that the current trading activity is neither unusually high nor low.
Valuation Snapshot
Adani Power Limited carries a forward P/E of 28.8, while the power sector does not have a published aggregate P/E, making direct peer comparison unavailable. The company’s return on equity sits at 21.1 %, reflecting a robust earnings generation relative to its capital base.
Key Levels to Watch
The share price is roughly 38 % above the 52‑week low of ₹120 and 18 % below the 52‑week high of ₹254, suggesting ample room before touching either extreme. Open‑interest data for the nearest weekly futures contract shows significant resistance around the ₹215–₹220 zone and support near the ₹190 level.
Chart Pattern
On the daily chart, a bullish harami formed four sessions ago, followed by a bearish marubozu five sessions ago, and a gravestone doji ten sessions ago. These candlesticks illustrate short‑term indecision and a potential shift in momentum, with the harami indicating a possible pause in a preceding trend, while the marubozu and gravestone doji signal heightened selling pressure during their respective periods.
Data Summary
Key metrics include a market‑cap listed as ₹0 Cr (indicative of a data reporting anomaly) and a price‑to‑book ratio of 0, which is atypical for the sector. The stock’s current price of ₹207.20 sits midway within its annual range, while trading volume aligns precisely with its 20‑day average, demonstrating stable liquidity.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| NTPC NTPC Limited | ₹333 | ₹3.2L Cr | 11.6 | 1.58 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹266 | ₹2.5L Cr | 15.6 | 2.46 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,301 | ₹2.1L Cr | 111 | 10.75 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,410 | ₹1.7L Cr | 59 | 6.65 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹368 | ₹1.2L Cr | 30 | 2.97 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹540 | ₹99K Cr | 49.3 | 3.08 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹76 | ₹77K Cr | 20.2 | 1.85 | 9.32 | 5.75 | 1.09 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ADANIPOWER · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 71.75% | 71.75% | 72.71% | 74.96% | 74.96% | 74.96% |
| FII | 15.86% | 15.91% | 14.73% | 12.66% | 12.34% | 12.36% |
| DII | 1.18% | 1.41% | 1.42% | 1.52% | 1.60% | 1.64% |
| Public | 11.20% | 10.93% | 11.14% | 10.84% | 11.09% | 11.03% |
Corporate Events
To consider and approve the financial results for the period ended June 30, 2026
To consider and approve the financial results for the period ended March 31, 2026
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
Annual General Meeting
Annual General Meeting
Latest News
All newsAdani Power receives credit rating update
*Adani Power receives credit rating update.* The company’s latest credit rating has been disclosed in a regulatory filing. While the rating affirms its current debt position, no material changes were indicated. Investors may monitor for any implications on borrowing costs or investor sentiment. 📊 *STOCKS:* ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
Adani stocks plunge on MSCI index rebalancing
*Adani stocks plunge on MSCI index rebalancing* led to significant foreign outflows. MSCI reduced or eliminated weightings of Adani group stocks in its indices, triggering **$2.3 billion** in estimated sell-offs. The move follows heightened global investor scrutiny after the Hindenburg report. Most Adani counters fell **10–20%** in a single session. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #IndexRebalance
Adani Group aims for Nifty 50 dominance post-recovery
*Adani Group aims for Nifty 50 dominance post-recovery.* The conglomerate's market capitalization has surged past **$150 billion**, reclaiming its position among India’s most-valued firms. Multiple Adani stocks are now key constituents in Nifty indices, signaling strong investor sentiment return. This resurgence follows a dramatic rebound after the 2023 short-seller crisis. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Adani addresses Hindenburg and US legal challenges
*Adani addresses Hindenburg and US legal challenges* – Gautam Adani reaffirmed confidence in the group’s integrity amid ongoing US legal proceedings and the aftermath of the **Hindenburg report**. The Adani Group continues to face scrutiny over alleged financial irregularities, impacting investor sentiment. Despite volatility, key stocks have shown resilience with **$2.5Bn** in recent foreign inflows. Regulatory outcomes remain critical for near-term price action. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ATGL, ADANITRANS, ADANIINFRA, AWL, ADANIFERTI | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Adani raises $10 billion for capex in one week
*Adani raises $10 billion for capex in one week* — The Adani Group secured **$10 billion** in funding within seven days through a series of debt and equity deals to accelerate its capital expenditure plans. The funds will boost renewable energy, ports, and transmission infrastructure expansion. This strengthens near-term growth outlook across group companies. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Capex
Adani announces ₹2 lakh crore power capex
*Adani announces ₹2 lakh crore power capex*. Gautam Adani unveiled a massive **₹2 lakh crore** capex plan for the power sector during the Adani Group AGM, triggering a positive market reaction. Diamond Power shares rose **2%** on the news, signaling strong investor sentiment. The investment aims to bolster renewable and transmission infrastructure across India. 📊 *STOCKS:* ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Capex
Adani Group reports record $16B capex, ₹94,834Cr EBITDA in FY26
*Adani Group reports record $16B capex, ₹94,834Cr EBITDA in FY26*. The conglomerate announced a record capital expenditure of **$16 billion** and achieved an all-time high EBITDA of **₹94,834 crore** in FY26. This signals aggressive expansion and strong operational performance across its energy, ports, and infrastructure businesses. Investor focus shifts to debt levels and project execution timelines. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Capex
Adani Group market value nears ₹19 trillion
*Adani Group market value nears ₹19 trillion* as stocks recover past losses. The combined market cap has nearly erased all declines since the 2023 Hindenburg report. Key entities like Adani Enterprises and Adani Green Energy surged, reflecting strong investor sentiment. Recovery signals improved confidence in the conglomerate’s fundamentals. 📊 *STOCKS:* ADANIENT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Adani Group recovers $150 billion market value
*Adani Group recovers $150 billion market value* after losses triggered by the Hindenburg report. Shares surged across major group companies as investor sentiment rebounded strongly. The recovery signals renewed confidence despite ongoing scrutiny. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ADANITRANS, ATGL, APSEZ | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Adani stocks rally, recovering from Hindenburg crash
*Adani stocks rally, recovering from Hindenburg crash*. The Adani group companies continue their sharp rebound, recouping over **70%** of losses since the January 2023 Hindenburg report. Investor sentiment has turned positive amid strong volume support and corporate actions. The Nifty rose **1.8%**, led by Adani-heavy indices. 📊 *STOCKS:* ADANIENT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.5K Cr 7.5% | ₹13.5K Cr 4.6% | ₹14.1K Cr 0.9% | ₹14.2K Cr 4.1% | ₹13.7K Cr 2.5% | ₹13.3K Cr 10.8% | ₹15.0K Cr 11.9% | ₹13.4K Cr |
| Op. Profit | ₹4.2K Cr 17.7% | ₹5.2K Cr 9.4% | ₹5.7K Cr 18.1% | ₹4.8K Cr 4.2% | ₹5.0K Cr 4.8% | ₹5.3K Cr 14.8% | ₹6.2K Cr 27.7% | ₹4.8K Cr |
| OPM | 34.0% 10.5% | 38.0% 5.0% | 40.0% 17.6% | 34.0% 8.1% | 37.0% 7.5% | 40.0% 2.4% | 41.0% 13.9% | 36.0% |
| Net Profit | ₹2.5K Cr 14.4% | ₹2.9K Cr 12.1% | ₹3.3K Cr 27.2% | ₹2.6K Cr 11.6% | ₹2.9K Cr 10.9% | ₹3.3K Cr 15.7% | ₹3.9K Cr 43.0% | ₹2.7K Cr |
| EPS (₹) | 1.29 15.7% | 1.53 13.1% | 1.76 28.5% | 1.37 13.8% | 1.59 8.1% | 1.73 14.8% | 2.03 43.0% | 1.42 |
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 | ₹54.2K Cr 3.5% | ₹56.2K Cr 11.6% | ₹50.4K Cr 29.9% | ₹38.8K Cr 39.9% | ₹27.7K Cr 5.7% | ₹26.2K Cr 0.9% | ₹26.5K Cr 10.8% | ₹23.9K Cr 17.6% | ₹20.3K Cr 10.2% | ₹22.6K Cr |
| Expenses | ₹34.4K Cr 1.0% | ₹34.8K Cr 8.3% | ₹32.1K Cr 12.0% | ₹28.7K Cr 60.8% | ₹17.8K Cr 1.7% | ₹17.5K Cr 15.4% | ₹20.7K Cr 9.7% | ₹18.9K Cr 27.1% | ₹14.9K Cr 10.6% | ₹16.6K Cr |
| Op. Profit | ₹19.8K Cr 7.5% | ₹21.4K Cr 17.5% | ₹18.2K Cr 80.5% | ₹10.1K Cr 2.2% | ₹9.9K Cr 13.7% | ₹8.7K Cr 51.5% | ₹5.7K Cr 15.1% | ₹5.0K Cr 8.3% | ₹5.4K Cr 9.1% | ₹6.0K Cr |
| OPM | 37.0% 2.6% | 38.0% 5.6% | 36.0% 38.5% | 26.0% 27.8% | 36.0% 9.1% | 33.0% 50.0% | 22.0% 4.8% | 21.0% 22.2% | 27.0% 3.8% | 26.0% |
| Other Income | ₹3.6K Cr 40.0% | ₹2.6K Cr 73.8% | ₹9.9K Cr 134.4% | ₹4.2K Cr 7.9% | ₹3.9K Cr 104.7% | ₹1.9K Cr 491.0% | ₹323 Cr 86.8% | ₹2.4K Cr 224.7% | ₹754 Cr 120.6% | ₹-3.7K Cr |
| Interest | ₹3.4K Cr 0.8% | ₹3.3K Cr 1.4% | ₹3.4K Cr 1.6% | ₹3.3K Cr 18.6% | ₹4.1K Cr 19.8% | ₹5.1K Cr 3.9% | ₹5.3K Cr 6.0% | ₹5.7K Cr 1.6% | ₹5.6K Cr 5.6% | ₹5.9K Cr |
| Depreciation | ₹4.6K Cr 5.9% | ₹4.3K Cr 9.6% | ₹3.9K Cr 19.0% | ₹3.3K Cr 6.0% | ₹3.1K Cr 2.6% | ₹3.2K Cr 6.5% | ₹3.0K Cr 9.3% | ₹2.8K Cr 1.9% | ₹2.7K Cr 1.0% | ₹2.7K Cr |
| PBT | ₹15.5K Cr 5.3% | ₹16.4K Cr 21.3% | ₹20.8K Cr 170.9% | ₹7.7K Cr 16.7% | ₹6.6K Cr 187.3% | ₹2.3K Cr 201.1% | ₹-2.3K Cr 132.1% | ₹-976 Cr 53.1% | ₹-2.1K Cr 66.8% | ₹-6.3K Cr |
| Tax % | 16.0% 27.3% | 22.0% | 0.0% 100.0% | -40.0% 260.0% | 25.0% 44.4% | 45.0% | 0.0% 100.0% | 1.0% | 0.0% 100.0% | -1.0% |
| Net Profit | ₹13.0K Cr 1.7% | ₹12.8K Cr 38.8% | ₹20.8K Cr 94.2% | ₹10.7K Cr 118.4% | ₹4.9K Cr 286.8% | ₹1.3K Cr 155.8% | ₹-2.3K Cr 131.2% | ₹-984 Cr 53.2% | ₹-2.1K Cr 65.9% | ₹-6.2K Cr |
| EPS (₹) | 6.66 0.7% | 6.71 37.9% | 10.8 94.2% | 5.56 118.0% | 2.55 286.4% | 0.66 155.9% | -1.18 131.4% | -0.51 53.2% | -1.09 65.9% | -3.2 |
| 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 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr 0.0% | ₹3.9K Cr |
| Reserves | ₹54.6K Cr 4.0% | ₹52.5K Cr 34.4% | ₹39.0K Cr 51.5% | ₹25.8K Cr 76.5% | ₹14.6K Cr 57.7% | ₹9.3K Cr 252.7% | ₹2.6K Cr 31.9% | ₹3.9K Cr 229.9% | ₹-3.0K Cr 246.3% | ₹-857 Cr |
| Borrowings | ₹48.5K Cr 22.7% | ₹39.5K Cr 13.3% | ₹34.9K Cr 18.2% | ₹42.6K Cr 13.3% | ₹49.1K Cr 6.2% | ₹52.4K Cr 5.1% | ₹55.2K Cr 17.5% | ₹47.0K Cr 11.1% | ₹52.8K Cr 0.7% | ₹52.5K Cr |
| Other Liabilities | ₹18.6K Cr 9.1% | ₹17.1K Cr 19.8% | ₹14.2K Cr 4.8% | ₹13.6K Cr 5.4% | ₹14.4K Cr 10.5% | ₹13.0K Cr 2.5% | ₹13.3K Cr 0.4% | ₹13.3K Cr 15.9% | ₹15.8K Cr 1.4% | ₹16.0K Cr |
| Total Liabilities | ₹1.3L Cr 11.2% | ₹1.1L Cr 22.7% | ₹92.0K Cr 7.2% | ₹85.8K Cr 4.7% | ₹82.0K Cr 4.4% | ₹78.5K Cr 4.7% | ₹75.0K Cr 10.4% | ₹68.0K Cr 2.2% | ₹69.5K Cr 2.8% | ₹71.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹71.1K Cr 2.6% | ₹69.3K Cr 10.0% | ₹63.0K Cr 22.5% | ₹51.5K Cr 3.4% | ₹53.3K Cr 0.8% | ₹52.9K Cr 5.4% | ₹55.8K Cr 10.8% | ₹50.4K Cr 3.3% | ₹52.1K Cr 4.1% | ₹54.4K Cr |
| CWIP | ₹19.8K Cr 63.4% | ₹12.1K Cr 1208.5% | ₹925 Cr 92.8% | ₹12.9K Cr 25.4% | ₹10.3K Cr 59.5% | ₹6.4K Cr 174.4% | ₹2.3K Cr 570.6% | ₹350 Cr 191.7% | ₹120 Cr 4.0% | ₹125 Cr |
| Investments | ₹50 Cr 95.4% | ₹1.1K Cr 193.3% | ₹374 Cr 42.8% | ₹654 Cr 257.4% | ₹183 Cr 815.0% | ₹20 Cr 566.7% | ₹3 Cr 0.0% | ₹3 Cr | ₹0 Cr 100.0% | ₹164 Cr |
| Other Assets | ₹34.6K Cr 13.8% | ₹30.4K Cr 9.8% | ₹27.7K Cr 32.9% | ₹20.8K Cr 14.1% | ₹18.3K Cr 5.1% | ₹19.2K Cr 14.2% | ₹16.8K Cr 2.2% | ₹17.2K Cr 0.3% | ₹17.3K Cr 2.6% | ₹16.8K Cr |
| Total Assets | ₹1.3L Cr 11.2% | ₹1.1L Cr 22.7% | ₹92.0K Cr 7.2% | ₹85.8K Cr 4.7% | ₹82.0K Cr 4.4% | ₹78.5K Cr 4.7% | ₹75.0K Cr 10.4% | ₹68.0K Cr 2.2% | ₹69.5K Cr 2.8% | ₹71.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹21.5K Cr 51.7% | ₹14.2K Cr 68.1% | ₹8.4K Cr 17.6% | ₹10.2K Cr 45.9% | ₹7.0K Cr 25.3% | ₹5.6K Cr 0.2% | ₹5.6K Cr 10.0% | ₹5.1K Cr 8.0% | ₹4.7K Cr 10.1% | ₹5.3K Cr |
| Investing CF | ₹-17.1K Cr 592.4% | ₹3.5K Cr 125.3% | ₹1.5K Cr 99.6% | ₹774 Cr 135.4% | ₹-2.2K Cr 5.0% | ₹-2.3K Cr 134.1% | ₹-984 Cr 89.2% | ₹-520 Cr 57.1% | ₹-1.2K Cr 55.0% | ₹-2.7K Cr |
| Financing CF | ₹-5.2K Cr 69.3% | ₹-16.9K Cr 62.0% | ₹-10.4K Cr 0.7% | ₹-10.3K Cr 82.8% | ₹-5.7K Cr 137.9% | ₹-2.4K Cr 49.0% | ₹-4.7K Cr 1.4% | ₹-4.6K Cr 30.0% | ₹-3.5K Cr 30.4% | ₹-2.7K Cr |
| Net Cash Flow | ₹-816 Cr 203.7% | ₹787 Cr 281.8% | ₹-433 Cr 164.7% | ₹669 Cr 180.8% | ₹-828 Cr 190.3% | ₹917 Cr 2578.4% | ₹-37 Cr 94.7% | ₹-19 Cr 26.9% | ₹-26 Cr 82.4% | ₹-148 Cr |
| Free Cash Flow | ₹10.0K Cr 13.9% | ₹11.6K Cr 123.0% | ₹5.2K Cr 23.7% | ₹6.8K Cr 99.6% | ₹3.4K Cr 0.9% | ₹3.4K Cr 27.4% | ₹4.7K Cr 11.4% | ₹4.2K Cr 7.5% | ₹3.9K Cr 18.0% | ₹3.3K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85d 0.0% | 85d 22.0% | 109d 13.5% | 126d 20.8% | 159d 38.3% | 115d 12.2% | 131d 20.2% | 109d 12.1% | 124d 30.7% | 179d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 85d 0.0% | 85d 22.0% | 109d 13.5% | 126d 20.8% | 159d 38.3% | 115d 12.2% | 131d 20.2% | 109d 12.1% | 124d 30.7% | 179d |
| Working Capital Days | 18d 12.5% | 16d 366.7% | -6d 87.0% | -46d 21.1% | -38d 50.6% | -77d 14.4% | -90d 66.5% | -269d 29.3% | -208d 35.1% | -154d |
| ROCE | 23.0% 28.1% | 32.0% 100.0% | 16.0% 0.0% | 16.0% 33.3% | 12.0% 71.4% | 7.0% 22.2% | 9.0% 50.0% | 6.0% 0.0% | 6.0% 45.5% | 11.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Adani Power Limited
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. [1][2]
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