| Quarterly Financials | Mar 2015 | Jun 2015 | Sept 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sept 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 5,481 | 5,972 | 5,777 | 6,204 | 7,757 | 5,418 | 5,670 | 5,491 | 6,586 | 5,601 | 6,415 | 4,916 | 4,161 | 3,959 | 7,657 | 6,667 | 8,078 | 8,015 | 6,816 | 6,685 | 6,328 | 5,356 | 8,792 | 7,099 | 6,902 | 7,213 | 5,572 | 5,594 | 13,308 | 15,509 | 8,446 | 8,290 | 10,795 | 18,109 | 14,936 | 13,355 | 13,882 | 15,474 | 14,063 | 14,834 | 14,536 | 14,574 |
| Expenses | 3,470 | 4,359 | 3,958 | 4,181 | 4,233 | 3,662 | 3,955 | 4,127 | 9,107 | 3,982 | 4,034 | 4,140 | 2,748 | 2,671 | 4,851 | 5,295 | 6,114 | 6,125 | 4,567 | 5,127 | 5,968 | 3,815 | 3,707 | 5,272 | 4,759 | 4,921 | 4,020 | 3,590 | 5,366 | 8,003 | 6,096 | 6,295 | 8,335 | 7,491 | 7,819 | 8,346 | 8,514 | 8,761 | 8,063 | 8,648 | 9,425 | 8,424 |
| EBITDA | 2,012 | 1,613 | 1,819 | 2,023 | 3,524 | 1,756 | 1,715 | 1,364 | -2,521 | 1,619 | 2,381 | 777 | 1,414 | 1,289 | 2,806 | 1,372 | 1,964 | 1,890 | 2,250 | 1,557 | 360 | 1,541 | 5,086 | 1,827 | 2,143 | 2,292 | 1,551 | 2,004 | 7,942 | 7,506 | 2,350 | 1,996 | 2,461 | 10,618 | 7,117 | 5,009 | 5,368 | 6,713 | 6,000 | 6,185 | 5,111 | 6,150 |
| Operating Profit % | 26 % | 27 % | 31 % | 32 % | 45 % | 32 % | 29 % | 24 % | -43 % | 28 % | 35 % | 15 % | 31 % | 29 % | 32 % | 16 % | 9 % | 22 % | 23 % | 22 % | 3 % | 27 % | 52 % | 24 % | 25 % | 25 % | 22 % | 33 % | 49 % | 42 % | 13 % | 19 % | 19 % | 32 % | 40 % | 36 % | 36 % | 41 % | 40 % | 37 % | 34 % | 40 % |
| Depreciation | -22 | 565 | 594 | 616 | 892 | 599 | 598 | 608 | 869 | 666 | 678 | 673 | 681 | 679 | 698 | 682 | 692 | 690 | 765 | 783 | 768 | 783 | 828 | 810 | 782 | 774 | 785 | 784 | 774 | 816 | 833 | 838 | 817 | 935 | 1,005 | 1,002 | 990 | 996 | 1,059 | 1,170 | 1,085 | 1,089 |
| Interest | 1,325 | 1,447 | 1,651 | 1,318 | 1,547 | 1,452 | 1,434 | 1,430 | 1,586 | 1,407 | 1,389 | 1,411 | 1,363 | 1,362 | 1,407 | 1,531 | 1,357 | 1,322 | 1,326 | 1,423 | 1,244 | 1,392 | 1,364 | 1,223 | 1,127 | 1,068 | 976 | 1,015 | 1,035 | 823 | 818 | 946 | 746 | 884 | 888 | 797 | 820 | 812 | 807 | 957 | 765 | 857 |
| Profit Before Tax | 715 | -389 | -418 | 96 | 1,085 | -294 | -316 | -674 | -4,976 | -454 | 313 | -1,307 | -631 | -753 | 702 | -841 | -84 | -122 | 158 | -649 | -1,653 | -634 | 2,894 | -206 | 234 | 450 | -210 | 204 | 6,133 | 5,866 | 699 | 212 | 898 | 8,800 | 5,224 | 3,210 | 3,558 | 4,906 | 4,134 | 4,059 | 3,261 | 4,204 |
| Tax | 0 | -223 | -13 | -13 | 73 | -62 | -3 | -6 | -15 | -1 | -4 | 7 | 22 | 72 | 315 | 340 | -719 | 142 | 154 | 54 | -340 | 49 | 666 | 83 | 221 | 172 | 21 | -14 | 1,488 | 1,086 | 3 | 203 | -4,345 | 40 | -1,371 | 472 | 821 | 993 | 837 | 1,119 | 662 | 899 |
| Net Profit | 715 | -166 | -405 | 110 | 1,012 | -233 | -313 | -668 | -4,961 | -453 | 317 | -1,314 | -653 | -825 | 387 | -1,181 | 635 | -263 | 4 | -702 | -1,313 | -683 | 2,228 | -289 | 13 | 278 | -231 | 219 | 4,646 | 4,780 | 696 | 9 | 5,243 | 8,759 | 6,594 | 2,738 | 2,737 | 3,913 | 3,298 | 2,940 | 2,599 | 3,305 |
| EPS in ₹ | 2.49 | -0.57 | -1.38 | 0.37 | 3.20 | -0.70 | -0.92 | -1.92 | -13.57 | -1.17 | 0.82 | -3.41 | -1.69 | -2.14 | 1.00 | -3.40 | 1.32 | -1.20 | -0.51 | -2.34 | -3.40 | -2.38 | 5.78 | -0.74 | -0.83 | 0.72 | -1.50 | -0.34 | 11.65 | 11.58 | 0.99 | -0.81 | 12.81 | 21.90 | 16.48 | 6.61 | 6.63 | 9.72 | 8.21 | 7.67 | 6.62 | 8.62 |
Adani Power
Adani Power
709.40
+78.05
(12.36%)
Market Cap
2,73,611.25 Cr
EPS
32.32
PE Ratio
22.03
Dividend Yield
0.00 %
Industry
Power52 Week High
678.00
52 Week Low
432.00
PB Ratio
5.42
Debt to Equity
0.74
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from4 analysts
Company News
View All News
Adani Power shares jumped 9% to Rs 687 on NSE following three key developments. Morgan Stanley issued an overweight rating with a price target of Rs 818, citing the company's position as India's largest private coal-based power producer with 18.15 GW operational capacity. The firm expects capacity expansion to 41.9 GW by FY32 through $22 billion investment, projecting EBITDA to triple by FY33 to Rs 67,200 crore. SEBI cleared Gautam Adani and Adani Group companies of allegations made by Hindenburg Research, finding no evidence of stock manipulation or accounting fraud. Additionally, the company announced its first-ever stock split with a record date of September 22, 2025. Morgan Stanley forecasts net profit rising from Rs 11,740 crore in FY26 to Rs 15,316 crore by FY28, with revenue expected to grow from Rs 55,015 crore to Rs 70,057 crore over the same period.
Adani Power shares are in focus as Friday marks the last trading session for investors to purchase shares to qualify for the company's stock split before the record date. The board approved a 1:5 stock split, where each fully paid-up equity share with face value of Rs 10 will be divided into five shares of Rs 2 each. This represents Adani Power's first-ever corporate action. The company has 385.69 crore fully paid-up equity shares with promoter holding at 74.96% and retail investors owning 4.8% equity. Adani Power shares closed 0.1% lower at Rs 630.85 on Thursday. The stock has declined 3% over the last 12 months but gained 19% year-to-date, trading 6.9% below its 52-week high of Rs 678.
Adani Power has signed a Power Supply Agreement (PSA) with the Bihar Government for the supply of 2,400 MW of power. The company plans to invest $3 billion to build the new plant and its infrastructure under the Design, Build, Own and Operate (DBOO) model.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
709.40 | #1 2,73,611.25 | #3 22.03 | #2 58,905.80 | #8 -2.28 | #1 12,750 | #6 -15.53 | 57.87 | |
396.30 | 1,25,608.80 | 30.64 | #1 66,992.20 | 5.88 | 4,775 | 6.20 | 56.18 | |
1,264.50 | 64,726.40 | 23.22 | 29,652.50 | 7.72 | 3,059 | -25.56 | 49.28 | |
169.46 | 21,871.90 | 16.30 | 17,375.50 | 11.78 | 1,428 | 4.12 | 54.44 | |
258.00 | 10,590.60 | #1 2.57 | 23,999.30 | 6.57 | 8,490 | #1 429.09 | 45.07 | |
12.41 | 6,632.10 | 56.41 | 3,640.60 | 4.08 | 222 | -114.09 | 47.91 | |
1,484.80 | 2,589.10 | 28.87 | 1,114.70 | #1 39.73 | 93 | 68.38 | 46.63 | |
224.57 | 2,495.90 | 200.27 | 2,629.10 | - | 16 | -45.45 | 55.51 | |
12.81 | 1,265.90 | 183.00 | 731.60 | 7.73 | 7 | -3.23 | 68.00 |
Forecast
Actual
Growth Rate
Revenue Growth
-2.28 %
Net Income Growth
-38.79 %
Cash Flow Change
51.73 %
ROE
-54.20 %
ROCE
-35.36 %
EBITDA Margin (Avg.)
-12.59 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 58,474 | 75,794 | 71,511 | 69,528 | 67,985 | 75,025 | 78,806 | 81,981 | 85,821 | 92,325 | 1,12,918 |
| Fixed Assets | 45,080 | 56,941 | 54,391 | 52,137 | 50,419 | 55,846 | 52,851 | 53,274 | 51,451 | 63,016 | 69,297 |
| Current Assets | 10,392 | 16,225 | 13,531 | 13,957 | 13,198 | 14,593 | 17,642 | 16,228 | 19,553 | 25,587 | 26,313 |
| Capital Work in Progress | 191 | 88 | 125 | 120 | 350 | 2,347 | 6,439 | 10,270 | 12,880 | 925 | 12,104 |
| Investments | 357 | 0 | 164 | 0 | 3 | 3 | 20 | 183 | 654 | 374 | 1,097 |
| Other Assets | 12,846 | 18,765 | 16,831 | 17,271 | 17,213 | 16,830 | 19,495 | 18,254 | 20,836 | 28,010 | 30,419 |
| Total Liabilities | 58,474 | 75,794 | 71,511 | 69,528 | 67,985 | 75,025 | 78,806 | 81,981 | 85,821 | 92,325 | 1,12,918 |
| Current Liabilities | 17,441 | 26,046 | 25,662 | 28,038 | 18,160 | 18,189 | 18,727 | 17,144 | 17,745 | 15,789 | 16,441 |
| Non Current Liabilities | 35,309 | 42,280 | 42,850 | 40,601 | 42,113 | 50,355 | 46,966 | 46,134 | 38,201 | 33,391 | 38,803 |
| Total Equity | 5,725 | 7,468 | 3,000 | 889 | 7,712 | 6,481 | 13,113 | 18,703 | 29,876 | 43,145 | 57,674 |
| Reserve & Surplus | 2,853 | 4,134 | -857 | -2,968 | -4,145 | -5,992 | -5,132 | -388 | 9,711 | 28,881 | 46,572 |
| Share Capital | 2,872 | 3,334 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -58 | -148 | -26 | -19 | -37 | 917 | -828 | 669 | -433 | 787 | -816 |
| Investing Activities | -4,737 | -2,692 | -1,212 | -520 | -984 | -2,304 | -2,188 | 775 | 1,545 | 3,481 | -17,142 |
| Operating Activities | 5,824 | 5,257 | 4,725 | 5,101 | 5,610 | 5,598 | 7,014 | 10,233 | 8,431 | 14,170 | 21,501 |
| Financing Activities | -1,144 | -2,713 | -3,539 | -4,600 | -4,663 | -2,377 | -5,655 | -10,338 | -10,409 | -16,864 | -5,176 |
Share Holding
| % Holding | Dec 1899 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 74.96 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 74.97 % | 70.02 % | 71.75 % | 71.75 % | 72.71 % | 74.96 % | 74.96 % | 74.96 % | 74.96 % |
| FIIs | 12.66 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 17.51 % | 15.86 % | 15.91 % | 14.73 % | 12.66 % | 12.35 % | 12.37 % | 12.46 % |
| DIIs | 1.53 % | 1.56 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.04 % | 0.76 % | 1.18 % | 1.41 % | 1.43 % | 1.53 % | 1.61 % | 1.65 % | 1.76 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 5.53 % | 5.36 % | 7.22 % | 7.71 % | 7.92 % | 0.00 % | 6.99 % | 6.40 % | 6.72 % | 7.90 % | 7.52 % | 5.99 % | 5.73 % | 5.49 % | 5.78 % | 5.53 % | 5.77 % | 5.69 % | 5.45 % |
| Others | 5.32 % | 18.11 % | 17.81 % | 17.32 % | 17.10 % | 25.02 % | 18.03 % | 18.63 % | 18.31 % | 17.11 % | 17.47 % | 5.72 % | 5.47 % | 5.44 % | 5.35 % | 5.31 % | 5.32 % | 5.34 % | 5.37 % |
| No of Share Holders | 17,42,780 | 5,55,590 | 9,81,561 | 10,05,560 | 11,42,700 | 11,74,860 | 15,02,710 | 14,76,870 | 14,88,300 | 17,90,680 | 16,70,040 | 15,03,350 | 14,60,770 | 14,26,250 | 17,90,380 | 17,42,780 | 18,85,680 | 18,91,230 | 18,14,140 |
Technical Indicators
RSI(14)
Neutral 76.41
ATR(14)
Volatile 23.74
STOCH(9,6)
Neutral 64.41
STOCH RSI(14)
Neutral 38.63
MACD(12,26)
Bullish 5.02
ADX(14)
Weak Trend 17.33
UO(9)
Bearish 58.29
ROC(12)
Uptrend And Accelerating 16.43
WillR(14)
Overbought -11.06
About Adani Power
Adani Power Ltd is India's largest private thermal power producer with a total power generation capacity of 15,250 MW, including 15,210 MW of thermal power and 40 MW of solar power. The company operates power plants in multiple locations across India, including Bitta, Mundra, Kawai, Tiroda, Udupi, Raipur, and Raigarh. Adani Power sells electricity through various agreements, including long-term Power Purchase Agreements, medium-term PPAs, short-term PPAs, and on a merchant basis. The company is also involved in power trading and investment activities. A subsidiary, Adani Power Jharkhand Ltd, is developing a 1,600 MW ultra-supercritical power project in Jharkhand to supply power to Bangladesh. Adani Power has expanded through acquisitions and new project developments, including the recent commissioning of its Godda Ultrasupercritical Power Plant and a Hybrid Solar-Wind Project in Rajasthan.
Listing Date
20 Aug, 2009(16 Years,
0 days)
Website
Chairperson NameGautam S Adani
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