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 35.6x vs industry 49.5x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| 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 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,579 | ₹1.8L Cr | 80.5 | 7.45 | 9.61 | 9.71 | 1.93 |
| 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
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 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 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 plans record capex in FY26.
*Adani Group plans record capex in FY26.* The conglomerate aims to spend over **$10 billion** in FY26, marking the highest planned capex by any Indian corporate. This massive investment is spread across ports, energy, and green infrastructure. Expansion signals strong long-term growth intent across its listed entities. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIPOWER, ADANIGREEN, ADANITRANS, ATGL, AMBUJACEM, UNIONCEM | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex #Adani #Infrastructure
Adani stocks surge, recouping losses post-Hindenburg report
*Adani stocks surge, recouping losses post-Hindenburg report* — Adani group companies extended their rally, with **Adani Enterprises up 15%** and **Adani Green Energy up 22%** in a week, recovering much of the **$150 billion** lost after the 2023 Hindenburg report. Institutional buying and reduced short interest fueled the rebound. Recent clarifications from the group and strong volume trades signaled renewed investor confidence. 📊 *STOCKS:* ADANIENT, ADANIPORTS, ADANIGREEN, ADANITRANS, ATGL, ADANIPOWER, AMBUJACEM, NDTV | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Adani
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
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 ▲50.1% | ₹26.0K Cr ▲78.2% | ₹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 ▼17.7% | ₹42.4K Cr ▼13.8% | ₹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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