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 19.3x vs industry 44.5x)
Concerns
Today's Price Action
Adani Power Ltd. closed at ₹184.59, with the price unchanged from the previous session. The traded volume of 1,23,43,757 shares matches the 20‑day average, indicating that today’s activity is consistent with the typical liquidity pattern for the stock.
Valuation Snapshot
The company’s trailing price‑to‑earnings multiple sits at 19.3, while the broader power sector is reported with a P/E of 0, reflecting a lack of sector‑wide earnings data rather than a comparative valuation gap. A return on equity of 21.1 % underscores a solid profit generation capability relative to its equity base.
Key Levels to Watch
The current price is positioned roughly midway between the 52‑week low of ₹128 and the 52‑week high of ₹254, suggesting limited upside or downside pressure from a longer‑term range perspective. Open‑interest‑driven support and resistance levels around the ₹180–₹190 band have historically acted as magnets for intraday price action.
Chart Pattern
In the daily candlestick series, a bullish engulfing formation appeared three sessions ago, followed by a hammer candle six sessions ago. Both patterns emerged on the 1‑day chart and signal a shift from prior selling pressure to potential absorption of that pressure, without implying a definitive trend direction.
Data Summary
Key metrics for Adani Power Ltd. include a market‑cap listed as ₹0 Cr, a price‑to‑book ratio of 0, and a consistent average daily volume of 1,23,43,757 shares. The stock trades within its annual range of ₹128 to ₹254, with recent candlestick formations indicating a possible change in short‑term price dynamics.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| 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 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,294 | ₹1.5L Cr | 40.2 | 5.05 | 9.44 | 9.65 | 1.65 |
| 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
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 September 30, 2026
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 reports Q2FY26 financial results
*Adani Power reports Q2FY26 financial results.* The company has submitted its financial results for the quarter ended September 30, 2026. Key metrics include revenue of **₹18,420 crore** and net profit of **₹2,910 crore**, marking a **24% YoY increase** in profitability. Results reflect strong operational performance amid rising power demand. 📊 *STOCKS:* $ADANIPOWER | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Adani Power shares hit 52-week high on strong quarterly results
*Adani Power shares surge to a 52-week high after posting a record quarterly profit.* The company reported a net profit of **₹3,200 crore**, up from **₹1,850 crore** year-on-year, driven by higher power demand and operational efficiency. Revenue rose to **₹12,400 crore** from **₹9,100 crore**. 📊 *STOCKS:* $ADANIPOWER | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Adani 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
Infosys, Tata Motors, Torrent Pharma among firms reporting Q2 earnings
*Infosys, Tata Motors, Torrent Pharma among firms reporting Q2 earnings* — Key NSE-listed companies including INFY, TATAMOTORS, and TORNTPHARM announce Q2 financial results today. Investors will watch for **revenue growth**, **margin performance**, and **guidance updates** amid macro uncertainties. Earnings could trigger sharp F&O movements in tech, auto, and pharma sectors. 📊 *STOCKS:* INFY, TATAMOTORS, TORNTPHARM | 🏢 *SECTOR:* Earnings | #HIGHIMPACT #Earnings
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
SEBI fines Adani firms ₹1.5 crore over Hindenburg allegations
*SEBI settles Hindenburg-related proceedings against Adani group firms for Rs 1.5 crore over alleged disclosure lapses.* The settlement, covering multiple Adani companies, draws political criticism with Congress calling it a 'grand amount'. **₹1.5 crore** penalty is seen as low given the scale of allegations. This closes a key regulatory overhang for the group. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGAS, ADANIGREEN, ADANITRANS, ADANIINFRA | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
SEBI intensifies enforcement in Adani-Hindenburg case
*SEBI intensifies enforcement in Adani-Hindenburg case*. The market regulator has ramped up investigative actions following the **Hindenburg report** alleging accounting irregularities and stock manipulation. This could lead to **fines, trading restrictions, or sanctions** impacting Adani group companies. Traders should monitor for potential volatility in F&O contracts amid regulatory uncertainty. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ATGL, AMBUJACEM, ACC | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #SEBI
Adani Group under market scrutiny post-Hindenburg
*Adani Group under market scrutiny post-Hindenburg*. The market continues to assess Adani's valuation and debt levels after the Hindenburg report. Volatility remains elevated in Adani stocks with mixed trading patterns. Investor sentiment hinges on transparency and near-term deleveraging. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL, ADANIPOWER, ADANISTOCK | 🏢 *SECTOR:* Risk | #HIGHIMPACT #Adani
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
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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