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 32.4x vs industry 51.1x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| 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 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,729 | ₹2.1L Cr | 92.3 | 8.16 | 9.44 | 9.65 | 1.93 |
| 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
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 news →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
US drops criminal charges against Gautam Adani
*US drops criminal charges against Gautam Adani* — The US Department of Justice has moved to dismiss criminal fraud charges against Adani Group chairman. This marks a significant legal reprieve for the billionaire and his conglomerate. Markets may react positively, especially Adani-linked stocks. The decision could ease ongoing investor concerns. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ADANITRANS, ATGL, AWL | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Adani
US drops Adani fraud charges, $10B investment plan ahead
*US drops fraud charges against Adani amid proposed $10 billion investment plan.* This clears a major legal overhang, boosting investor sentiment. The **$10B** proposed investment signals aggressive expansion plans. Markets may see strong re-rating across Adani group stocks. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ADANIPOWER | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Adani
Adani stocks surge on SEBI clean chit in Hindenburg case
*Adani stocks surge on SEBI clean chit in Hindenburg case.* Adani Group companies rallied up to **20%** after SEBI concluded its investigation, giving a clean chit in the Hindenburg allegations. Markets interpreted the development as a major regulatory relief, triggering heavy retail and institutional buying. The Nifty surged **1.8%**, led by Adani stocks. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ATGL, AMBUJACEM, NDTV | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Adani
US to drop criminal fraud case against Gautam Adani
*US to drop criminal fraud case against Gautam Adani.* A settlement in the civil case has led to the expected dismissal of criminal charges, marking a pivotal development. This clears a major legal overhang for the Adani Group. Investor sentiment may rebound sharply on reduced regulatory risk. 📊 *STOCKS:* ADANIENT | 🏢 *SECTOR:* Legal | #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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