Power · NIFTY 500

Adani Power Limited

NSEADANIPOWER BSE533096 ISININE814H01029 SeriesEQ Listed on NSE · BSE

₹207.90 -0.10 (-0.05%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+28.98% in a year

Today

Open: ₹207.60
Prev close: ₹208.00
Day high: ₹209.20
Day low: ₹205.49
Volume: 1.12 Cr
Value traded: ₹232.11 Cr
Upper circuit: ₹213.04
Lower circuit: ₹200.64
52W high: ₹254.20
52W low: ₹128.10
1 month: +8.66%
6 months: -7.99%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹400,929 Cr

P/E (TTM)22.00

P/B5.22

Book value / share₹39.80

EPS (TTM)₹9.45

ROE23.7%

Dividend yield—

Dividend (12m)—

Net margin (TTM)28.0%

Operating margin42.3%

Debt / equity0.81

Current ratio1.33

EV / EBITDA18.25

Sales growth (YoY qtr)+44.45%

Profit growth (YoY qtr)+134.34%

Sales CAGR 3Y+11.84%

Profit CAGR 3Y+6.16%

Shares1,928.47 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

12,9912,738

Dec 23

13,3642,737

Mar 24

14,9563,913

Jun 24

13,3393,332

Sep 24

13,6713,057

Dec 24

14,2372,637

Mar 25

14,1093,385

Jun 25

13,4572,953

Sep 25

12,4512,480

Dec 25

14,2234,017

Mar 26

18,9024,806

Jun 26

19,4396,919

Sep 26

Revenue · QoQ (vs last quarter)

—+2.9%+12%-11%+2.5%+4.1%-0.9%-4.6%-7.5%+14%+33%+2.8%

Revenue · YoY (vs a year ago)

————+5.2%+6.5%-5.7%+0.9%-8.9%-0.1%+34%+44%

Net profit · QoQ (vs last quarter)

—0.0%+43%-15%-8.2%-14%+28%-13%-16%+62%+20%+44%

Net profit · YoY (vs a year ago)

————+12%-3.7%-13%-11%-19%+52%+42%+134%

RevenueNet profitLine = trend

6.61

Dec 23

6.63

Mar 24

9.72

Jun 24

8.21

Sep 24

7.67

Dec 24

6.62

Mar 25

8.62

Jun 25

1.53

Sep 25

1.29

Dec 25

2.08

Mar 26

2.49

Jun 26

3.59

Sep 26

EPS (₹) · YoY (vs a year ago)

————+16%-0.2%-11%-81%-83%-69%-71%+135%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	12,991	13,364	14,956	13,339	13,671	14,237	14,109	13,457	12,451	14,223	18,902	19,439
Other income	364	518	518	724	1,162	298	465	851	543	1,766	420	512
Total income	13,355	13,882	15,474	14,063	14,833	14,536	14,574	14,308	12,995	15,989	19,322	19,951
Raw material	7,549	7,380	7,898	7,032	7,425	7,918	7,309	7,205	6,758	7,896	9,513	10,222
Purchases	68.9	101	10.7	81.5	109	156	9.6	11.2	42.1	147	26.4	7.6
Employee cost	151	189	213	170	211	190	222	187	216	231	242	191
Other expenses	577	844	639	779	903	1,161	883	903	1,197	1,218	1,172	787
Total expenses	10,145	10,324	10,568	9,929	10,775	11,274	10,369	10,342	10,050	11,605	13,022	13,159
Operating profit	4,645	4,850	6,194	5,276	5,023	4,813	5,685	5,150	4,238	4,732	7,949	8,231
OPM %	35.8%	36.3%	41.4%	39.6%	36.7%	33.8%	40.3%	38.3%	34.0%	33.3%	42.1%	42.3%
Finance cost	797	820	811	807	957	765	857	842	701	967	901	760
Depreciation	1,002	990	996	1,059	1,170	1,085	1,089	1,193	1,135	1,147	1,167	1,191
Profit before tax	3,210	3,558	4,906	4,134	4,059	3,261	4,204	3,966	2,945	4,384	6,300	6,792
Tax	472	821	993	837	1,119	662	899	1,060	457	113	1,552	-231
Net profit	2,738	2,737	3,913	3,298	2,940	2,599	3,305	2,906	2,488	4,271	4,867	7,019
Profit to shareholders	2,738	2,737	3,913	3,332	3,057	2,637	3,385	2,953	2,480	4,017	4,806	6,919
EPS (₹)	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

23,8844,9540.0

FY19

26,4684,682-2,275

FY20

26,2218,6691,270

FY21

27,7119,8144,912

FY22

38,77310,04510,727

FY23

50,35118,18120,829

FY24

56,20321,30512,939

FY25

54,24119,80612,834

FY26

Revenue · YoY (vs a year ago)

—+11%-0.9%+5.7%+40%+30%+12%-3.5%

Net profit · YoY (vs a year ago)

——+156%+287%+118%+94%-38%-0.8%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	23,884	26,468	26,221	27,711	38,773	50,351	56,203	54,241
Other income	2,477	1,374	1,928	3,975	4,267	9,930	2,703	3,625
Total expenses	27,337	29,104	25,861	25,109	35,366	39,490	42,546	42,366
Employee cost	363	427	432	470	570	644	784	855
Operating profit	4,954	4,682	8,669	9,814	10,045	18,181	21,305	19,806
OPM %	20.7%	17.7%	33.1%	35.4%	25.9%	36.1%	37.9%	36.5%
Finance cost	5,657	5,315	5,106	4,095	3,334	3,388	3,340	3,367
Depreciation	2,751	3,007	3,202	3,118	3,304	3,931	4,309	4,565
Profit before tax	-976	-2,265	2,289	6,577	7,675	20,792	16,360	15,500
Tax	8.5	9.9	1,019	1,666	-3,052	-37.3	3,610	2,528
Tax rate %	—	—	44.5%	25.3%	-39.8%	-0.2%	22.1%	16.3%
Net profit	-984	-2,275	1,270	4,912	10,727	20,829	12,750	12,971
Profit to shareholders	0.0	-2,275	1,270	4,912	10,727	20,829	12,939	12,834
Net margin %	0.0%	-8.6%	4.8%	17.7%	27.7%	41.4%	23.0%	23.7%
EPS (₹)	-3.21	-8.19	0.06	9.63	24.57	51.62	32.32	6.62

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

29,87642,252349

Mar 23

43,14534,4571,136

Mar 24

56,34738,335320

Mar 25

64,93753,556928

Mar 26

76,75861,8603,897

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+44%+31%+15%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	29,876	43,145	56,347	64,937	76,758
Long-term borrowings	33,703	26,595	27,647	42,830	47,310
Short-term borrowings	8,549	7,862	10,688	10,726	14,550
Total borrowings	42,252	34,457	38,335	53,556	61,860
Current liabilities	17,745	15,789	16,441	20,328	27,622
Fixed assets (PPE)	50,544	62,813	69,027	69,076	68,227
Inventories	3,075	4,142	3,317	3,623	3,997
Trade receivables	11,529	11,677	13,022	11,791	13,214
Cash & equivalents	349	1,136	320	928	3,897
Current assets	19,553	25,587	26,313	28,688	36,819
Total assets	85,821	92,325	112,918	142,280	165,640
Debt / equity	1.41	0.80	0.68	0.82	0.81

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

10,233774-10,338

FY22

8,4311,545-10,408

FY23

14,1703,485-16,864

FY24

21,501-17,142-5,175

FY25

20,514-26,4616,555

FY26

Operations · YoY (vs a year ago)

—-18%+68%+52%-4.6%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	10,233	8,431	14,170	21,501	20,514
Cash from investing	774	1,545	3,485	-17,142	-26,461
Cash from financing	-10,338	-10,408	-16,864	-5,175	6,555
Spent on fixed assets	-3,435	-3,244	-2,602	-11,559	-23,299
Free cash flow	6,798	5,187	11,568	9,942	-2,785
Net cash flow	669	-433	791	-816	608

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

71.8%Dec 23

71.8%Mar 24

72.7%Jun 24

75.0%Sep 24

75.0%Dec 24

75.0%Mar 25

75.0%Jun 25

75.0%Sep 25

75.0%Dec 25

75.0%Mar 26

75.0%Jun 26

75.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

75.0%promoter

Promoter & group: 74.96%
Public (FIIs, mutual funds, retail…): 25.04%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per ShareEx 22-Sep-2025
Annual General MeetingEx 14-Jun-2024
Annual General MeetingEx 11-Jul-2023
Annual General MeetingEx 18-Jul-2022
Annual General MeetingEx 02-Jul-2021
Annual General MeetingEx 16-Jun-2020
Annual General MeetingEx 30-Jul-2019
Annual General MeetingEx 26-Jul-2018

Board meetings

ADANI POWER LIMITED has informed the Exchange about Board Meeting to be held on 23-Oct-2026 to inter-alia consider and approve the Unaudited Financia…23-Oct-2026
the financial results for the period ended September 30, 202623-Oct-2026
the Quarterly Unaudited Financial results of the Company for the period ended June 2026 and Fund raising.22-Jul-2026
ADANI POWER LIMITED has informed the Exchange about Board Meeting to be held on 22-Jul-2026 to inter-alia consider and approve the Unaudited Financia…22-Jul-2026
ADANI POWER LIMITED has informed the Exchange about Board Meeting to be held on 22-Jul-2026 to inter-alia consider and approve the Unaudited Financia…22-Jul-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates10 Nov
Credit Rating10 Nov
General Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates30 Oct
Analysts/Institutional Investor Meet/Con. Call Updates26 Oct
Analysts/Institutional Investor Meet/Con. Call Updates25 Oct
Copy of Newspaper Publication24 Oct

Latest news

Adani Enterprises, Adani Ports, Adani Green: How Adani Group stocks are performing as benchmarks stay flatUpstox · 12 Nov, 1:15 pm Market Trading Guide: Adani Power among 2 stock recommendations for FridayThe Economic Times · 15 Oct, 12:30 pm Adani Power shares up 27% in 2026 but Elara sees 16% more upside - What’s powering stock? Target priceLivemint · 11 Oct, 12:30 pm Why Adani Power Share Price is FallingEquitymaster · 8 Oct, 12:30 pm Adani Power shares gain over 1.5% after Bhutan hydropower pactMoneycontrol.com · 6 Oct, 12:30 pm Tata Power shares gain 2% after Q2 profit rises 33%; analysts upbeatBusiness Standard · 12 Nov, 9:43 am Vedanta Power vs Tata Power vs Adani Power: Which Stock Is the Ultimate Winner in Power Stock Battle?Goodreturns · 19 Jun, 12:30 pm Adani Power Shares Rise After 770 MW Bhutan Hydropower PactEquitypandit · 6 Oct, 12:30 pm

About

About Adani Power Limited

Adani Power Limited is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. Adani Godda Power is implementing a 1,600 MW plant at Jharkhand. The company has signed long term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Adani Power Limited
NSE symbol: ADANIPOWER
BSE scrip code: 533096
ISIN: INE814H01029
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 20 Aug 2009
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 1,928.47 crore
Index: NIFTY 500
Sector (NSE): Power
Industry: Electric Utilities
Managing director / CEO: Shersingh Khyalia
Chair: Gautam S. Adani
Headquarters: Ahmedabad, Gujarat, India
Registered address: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, NA Ahmedabad Ahmedabad GJ 382421 IN
Founded: 1996
Employees: 25,634
Financial year: April to March
Results basis: Consolidated
Website: adanipower.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Adani Power Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers