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Adani Power Ltd.
ADANIPOWERLarge CapNSEBSE
Utilities · Power
₹198.00down 14.63down 6.88 percentas of 31 Aug 2026
Book value ₹31.38
Key metrics
- Market Cap
- 3,83,090.46 ₹ cr
- P/E
- 31.95 x
- P/B
- 6.31 x
- ROE
- 5.87%
- ROCE
- 7.20%
- Debt to Equity
- 0.28 x
- Net Margin
- 18.73%
- Dividend Yield
- —
- Revenue Growth (YoY)
- 33.97%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 1 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 75.0% (pledge data not available).
- Debt-to-equity 0.28 — below the Power median of 0.49.
ADANIPOWER
₹198.00down 6.88 percent
EOD Synced: 31 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatModerate Return
12.50%ROCE
ROE: 19.76%·P/B: 6.31x
2. Forensic Health & SolvencyPiotroski 4/9 · Adequate Health
4/9Piotroski Score
Altman: 3.2 (Safe Zone)
3. Valuation & DCF Spread+64.2% Margin of Safety
₹325DCF Fair Value
CMP: ₹198.0
4. Ownership & GovernanceClean Promoter Holding
74.96%Promoter Stake
Pledged: 0.0%·Inst: 15.68%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #12 of 19 in UtilitiesQVGM 44/100
Quality (Q)36
ROE, ROCE, Margins & Cash Conversion
Value (V)43
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)42
3Y Sales & EPS Compounded Growth
Momentum (M)61
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #12 of 19 in Utilities
Valuation
Moderate43/100
P/E Ratio:31.95x
P/B Ratio:6.31x
Dividend Yield:0.00%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate42/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak36/100
ROE:19.8%
ROCE:12.5%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate44/100
Piotroski F-Score:4/9
Altman Z-Score:3.15
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate61/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹121.37
From 52W High-20.45%
52-Week High₹248.91
Valuation MultiplesCash Flow & Yield
PEG Ratio5.31
Earnings Yield40.02%
Price / FCF—
FCF Yield-4.60%
Payout Ratio—
Net-Net Ratio-44.13
Solvency & SafetyPiotroski & Altman
Piotroski F-Score4/9
Altman Z-Score3.15
Graham Number₹236.52
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.03%
DII Stake:▲ +0.30%
OPM Margin:▼ 2.34%
Net Margin:▲ +0.64%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +32.90% | ▲ +33.97% | -3.49% | 12.52% | 15.65% |
| Net Profit Growth | ▲ +19.63% | ▲ +41.98% | -0.81% | 6.16% | 58.82% |
| EPS Growth | ▲ +16.90% | ▲ +44.77% | -1.48% | 6.02% | 58.73% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — ADANIPOWER
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹333.6
Verdict:Undervalued (+68.5%)
Benjamin Graham Number
₹71.0
-64.2% vs CMPPeter Lynch Fair Value
₹33.3
-83.2% vs CMPReverse DCF Implied Growth
-20.0% CAGR
Modest Expectations (High Margin of Safety)Valuation Spectrum PositioningCMP: ₹198.0
₹0 (Distress)CMP: ₹198DCF: ₹334Graham: ₹71
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹46,496 | 0.8969 | ₹41,700 |
| Year 2 | 6% | ₹49,285 | 0.8044 | ₹39,643 |
| Year 3 | 6% | ₹52,242 | 0.7214 | ₹37,688 |
| Year 4 | 6% | ₹55,377 | 0.6470 | ₹35,829 |
| Year 5 | 6% | ₹58,700 | 0.5803 | ₹34,061 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹352 +78% | ₹401 +103% | ₹433 +119% | ₹471 +138% | ₹575 +190% |
| 11.0% | ₹304 +53% | ₹340 +71% | ₹362 +83% | ₹387 +96% | ₹454 +129% |
| 11.5% | ₹284 +43% | ₹315 +59% | ₹334 +68% | ₹355 +79% | ₹410 +107% |
| 12.0% | ₹266 +34% | ₹293 +48% | ₹309 +56% | ₹328 +66% | ₹374 +89% |
| 13.0% | ₹236 +19% | ₹257 +30% | ₹269 +36% | ₹283 +43% | ₹316 +60% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E31.95current
ReportedComputed, approximate
P/B6.31current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 31.95 | 6.31 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Strong Buy(1.63 / 5)
Strong Buy:4
Buy:3
Hold:1
Sell:0
Strong Sell:0
Coverage: 8 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:34.51%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +28.28%
Mean Target₹254.00vs CMP ₹198.00
High Target₹282.00+42.4% max upside
Low Target₹220.0011.1% downside
Median Target₹261.008 estimates
Low: ₹220.00Mean: ₹254.00High: ₹282.00
Mean Target Current Price (₹198.00)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2024EConsensus
Mean Estimate
—
Low:—
High:—
FY2025EConsensus
Mean Estimate
—
Low:—
High:—
FY2025EConsensus
Mean Estimate
—
Low:—
High:—
FY2025E1 Analysts
Mean Estimate
₹1.32
Low:—
High:—
FY2025EConsensus
Mean Estimate
—
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹1.29
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹1.72
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹2.08
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹1.53
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹1.95
Low:₹1.00
High:₹2.00
FY2027E2 Analysts
Mean Estimate
₹1.61
Low:₹1.00
High:₹1.00
FY2027E2 Analysts
Mean Estimate
₹1.20
Low:₹1.00
High:₹1.00
FY2027E3 Analysts
Mean Estimate
₹2.49
Low:—
High:—
FY2028E2 Analysts
Mean Estimate
₹1.79
Low:₹1.00
High:₹2.00
FY2028E2 Analysts
Mean Estimate
₹2.00
Low:₹1.00
High:₹2.00
FY2028E2 Analysts
Mean Estimate
₹2.21
Low:₹1.00
High:₹2.00
FY2028E2 Analysts
Mean Estimate
₹1.36
Low:₹1.00
High:₹1.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2024 Forecast | — | — | — | — |
| FY2025 Forecast | — | — | — | — |
| FY2025 Forecast | — | — | — | — |
| FY2025 Forecast | ₹1.32 | — | — | 1 |
| FY2025 Forecast | — | — | — | — |
| FY2026 Forecast | ₹1.29 | — | — | 2 |
| FY2026 Forecast | ₹1.72 | — | — | 1 |
| FY2026 Forecast | ₹2.08 | — | — | 2 |
| FY2026 Forecast | ₹1.53 | — | — | 2 |
| FY2027 Forecast | ₹1.95 | ₹2.00 | ₹1.00 | 2 |
| FY2027 Forecast | ₹1.61 | ₹1.00 | ₹1.00 | 2 |
| FY2027 Forecast | ₹1.20 | ₹1.00 | ₹1.00 | 2 |
| FY2027 Forecast | ₹2.49 | — | — | 3 |
| FY2028 Forecast | ₹1.79 | ₹2.00 | ₹1.00 | 2 |
| FY2028 Forecast | ₹2.00 | ₹2.00 | ₹1.00 | 2 |
| FY2028 Forecast | ₹2.21 | ₹2.00 | ₹1.00 | 2 |
| FY2028 Forecast | ₹1.36 | ₹1.00 | ₹1.00 | 2 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
3 Factors- •Company has a solid 3-year average ROE of 30.3%.
- •Strong cash generation: Operating Cash Flow is 159.8% of reported Net Profit.
- •High promoter holding of 75.0% with zero encumbrance / pledge.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score4 / 9
● Moderate (Neutral)
Altman Z-Score3.15
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.78
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
-22.1%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
-5.2%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
113.8%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹12,834 CrInflow
12,834
+ D&A Non-Cash Charge₹4,598 CrAdd-back
4,598
Working Capital Adjustment₹3,081 Cr+ Cash
3,081
= Operating Cash Flow (CFO)₹20,514 CrOperating Cash
20,514
- Capital Expenditures (CapEx)-₹23,350 CrReinvestment
23,350
= Free Cash Flow (FCF)-₹2,836 CrFree Cash Flow
2,836
- Dividends & Debt Repayment-₹2,824 CrCapital Return
2,824
= Net Change in Cash-₹5,660 CrNet Balance
5,660
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹27,120.26 | ₹26,467.72 | ₹26,221.48 | ₹27,711.18 | ₹38,078.85 | ₹50,118.35 | ₹56,203.09 | ₹54,240.52 |
| Operating profit | — | — | — | — | ₹5,424.05 | ₹1,920.57 | ₹5,486.51 | ₹6,807.99 | ₹6,212.88 | ₹14,063.39 | ₹17,109.45 | ₹15,241.58 |
| OPM | — | — | — | — | 20.00% | 7.26% | 20.92% | 24.57% | 16.32% | 28.06% | 30.44% | 28.10% |
| Net profit | — | — | — | — | ₹6,417.15 | ₹-2,274.77 | ₹1,269.98 | ₹4,911.58 | ₹10,726.64 | ₹20,828.79 | ₹12,938.77 | ₹12,834.30 |
| EPS | — | — | — | — | 3.33 | -0.83 | 0.66 | 2.57 | 5.58 | 10.82 | 6.75 | 6.65 |
| Net margin | — | — | — | — | 23.66% | -8.59% | 4.84% | 17.72% | 28.17% | 41.56% | 23.02% | 23.66% |
| ROE | — | — | — | — | 39.11% | -35.10% | 9.69% | 26.26% | 35.90% | 48.28% | 22.96% | 19.76% |
| ROCE | 7.00% | 11.00% | 6.00% | 6.00% | 24.91% | 3.38% | 9.13% | 10.50% | 9.13% | 18.37% | 17.73% | 12.50% |
| Debt / equity | — | — | — | — | 0.33 | 8.53 | 4.01 | 2.61 | 1.42 | 0.80 | 0.70 | 0.84 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | -3.49% | 12.52% | 15.65% | — |
| Net profit | -0.81% | 6.16% | 58.82% | — |
| EPS | -1.48% | 6.02% | 58.73% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹29,832.29 | ₹75,025.00 | ₹78,805.91 | ₹81,981.02 | ₹85,821.27 | ₹92,324.77 | ₹1.13 L | ₹1.42 L |
| Total liabilities | — | — | — | — | ₹13,424.53 | ₹68,544.56 | ₹65,693.32 | ₹63,277.58 | ₹55,945.61 | ₹49,179.74 | ₹56,570.48 | ₹77,343.04 |
| Total equity | — | — | — | — | ₹16,407.76 | ₹6,480.44 | ₹13,112.59 | ₹18,703.44 | ₹29,875.66 | ₹43,145.03 | ₹56,347.09 | ₹64,936.88 |
| Total debt | — | — | — | — | ₹5,369.81 | ₹55,305.81 | ₹52,518.68 | ₹48,898.43 | ₹42,349.53 | ₹34,615.56 | ₹39,494.87 | ₹54,670.29 |
| Cash | — | — | — | — | ₹3,579.87 | ₹221.10 | ₹113.04 | ₹399.57 | ₹349.23 | ₹316.25 | ₹309.66 | ₹533.25 |
| Current assets | — | — | — | — | ₹13,424.53 | ₹14,593.18 | ₹17,642.35 | ₹16,228.07 | ₹19,553.00 | ₹25,586.58 | ₹26,313.45 | ₹28,688.08 |
| Current liabilities | — | — | — | — | ₹7,458.07 | ₹18,189.15 | ₹18,727.35 | ₹17,143.67 | ₹17,744.59 | ₹15,788.67 | ₹16,440.99 | ₹20,328.21 |
| Inventory | — | — | — | — | ₹2,712.03 | ₹2,799.77 | ₹2,843.81 | ₹3,615.87 | ₹4,767.05 | ₹5,609.28 | ₹4,420.75 | ₹5,072.02 |
| Receivables | — | — | — | — | ₹3,254.43 | ₹8,778.35 | ₹12,006.12 | ₹9,608.02 | ₹11,569.66 | ₹11,766.02 | ₹13,613.22 | ₹13,018.05 |
| Payables | — | — | — | — | ₹2,440.82 | ₹5,596.05 | ₹3,803.13 | ₹3,508.21 | ₹3,079.45 | ₹3,636.30 | ₹2,977.66 | ₹2,840.53 |
| Net PP&E | — | — | — | — | ₹11,932.91 | ₹57,917.87 | ₹59,014.66 | ₹63,341.36 | ₹63,423.34 | ₹63,737.83 | ₹81,131.47 | ₹1.04 L |
| Retained earnings | — | — | — | — | ₹12,305.82 | ₹-13,410.53 | ₹-12,522.79 | ₹-7,805.13 | ₹2,254.44 | ₹21,458.26 | ₹39,161.71 | ₹50,815.27 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹8,021.44 | ₹5,621.82 | ₹7,014.35 | ₹10,435.08 | ₹8,430.89 | ₹14,167.44 | ₹21,501.11 | ₹20,513.65 |
| Capital expenditure | — | — | — | — | ₹1,627.22 | ₹-2,226.56 | ₹-3,617.61 | ₹-3,434.55 | ₹-3,243.68 | ₹-2,602.45 | ₹-11,559.04 | ₹-23,350.09 |
| Free cash flow | — | — | — | — | ₹6,394.22 | ₹3,395.26 | ₹3,396.74 | ₹7,000.53 | ₹5,187.21 | ₹11,564.99 | ₹9,942.07 | ₹-2,836.44 |
| OCF / net profit | — | — | — | — | 1.25 | -2.47 | 5.52 | 2.12 | 0.79 | 0.68 | 1.66 | 1.60 |
| FCF / Capex intensity | — | — | — | — | 0.06 | 8.41 | 13.80 | 12.39 | 8.52 | 5.19 | 20.57 | 43.05 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹9,492.09 | ₹7,546.21 | ₹10,122.90 | ₹11,415.38 | ₹11,482.31 | ₹20,549.92 | ₹24,618.40 | ₹23,706.62 |
| Cost of revenue | — | — | — | — | ₹17,628.17 | ₹18,921.51 | ₹16,098.58 | ₹16,295.80 | ₹26,596.54 | ₹29,568.43 | ₹31,584.69 | ₹30,533.90 |
| EBITDA | — | — | — | — | ₹5,966.46 | ₹4,927.07 | ₹8,688.16 | ₹9,925.53 | ₹9,516.56 | ₹17,994.72 | ₹21,418.33 | ₹19,839.97 |
| Income before tax | — | — | — | — | ₹8,534.81 | ₹-2,264.92 | ₹2,288.74 | ₹6,577.13 | ₹7,674.70 | ₹20,791.51 | ₹16,359.51 | ₹15,499.51 |
| Interest expense | — | — | — | — | ₹1,356.01 | ₹3,935.85 | ₹3,735.43 | ₹433.89 | — | — | ₹1,320.47 | ₹888.72 |
| Tax expense | — | — | — | — | ₹2,117.66 | ₹9.85 | ₹1,018.76 | ₹1,665.55 | ₹-3,051.94 | ₹-37.28 | ₹3,609.90 | ₹2,528.43 |
| D&A | — | — | — | — | ₹1,084.81 | ₹3,006.50 | ₹3,201.65 | ₹3,117.54 | ₹3,303.68 | ₹3,931.33 | ₹4,308.88 | ₹4,598.39 |
| EBITDA margin | — | — | — | — | 22.00% | 18.62% | 33.13% | 35.82% | 24.99% | 35.90% | 38.11% | 36.58% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.80 | 0.80 | 0.94 | 0.95 | 1.10 | 1.62 | 1.60 | 1.41 |
| Quick ratio | — | — | — | — | 1.44 | 0.65 | 0.79 | 0.74 | 0.83 | 1.27 | 1.33 | 1.16 |
| Interest coverage | — | — | — | — | 4.00 | 0.49 | 1.47 | 15.69 | — | — | 12.96 | 17.15 |
| Inventory days | — | — | — | — | 45.00 | 54.01 | 64.48 | 80.99 | 65.42 | 69.24 | 51.09 | 60.63 |
| Receivable days | 68.00 | 179.00 | 124.00 | 109.00 | 35.00 | 121.06 | 167.12 | 126.55 | 110.90 | 85.69 | 88.41 | 87.60 |
| Payable days | — | — | — | — | 40.00 | 107.95 | 86.23 | 78.58 | 42.26 | 44.89 | 34.41 | 33.96 |
| Cash conversion cycle | 68.00 | 179.00 | 124.00 | 109.00 | 40.00 | 67.12 | 145.37 | 128.96 | 134.06 | 110.04 | 105.09 | 114.28 |
| Working capital days | -161.00 | -154.00 | -208.00 | -269.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | — | — | — | — | 2.27 | 0.46 | 0.44 | 0.44 | 0.60 | 0.79 | 0.69 | 0.52 |
| ROA | — | — | — | — | 21.51% | -3.03% | 1.61% | 5.99% | 12.50% | 22.56% | 11.46% | 9.02% |
| ROIC | — | — | — | — | 35.26% | 3.13% | 4.65% | 7.57% | 12.08% | 18.19% | 13.96% | 10.71% |
| Gross margin | — | — | — | — | 35.00% | 28.51% | 38.61% | 41.19% | 30.15% | 41.00% | 43.80% | 43.71% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
23.66%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.38
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.19
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
19.76%
Reported: 19.76%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2025 | 22 Sept 2025 | split | 2:10 |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Market Cap3,83,090.46 ₹ cr
Beats 100% of 20 industry peers · median 35,619.45 ₹ cr
P/E31.95 x
Beats 59% of 17 industry peers · median 25.58 x
P/B6.31 x
Beats 83% of 18 industry peers · median 2.25 x
ROE5.87%
Beats 5% of 19 industry peers · median 17.27%
ROCE7.20%
Beats 11% of 19 industry peers · median 15.02%
Debt to Equity0.28 x
Beats 26% of 19 industry peers · median 0.49 x
Net Margin18.73%
Beats 84% of 19 industry peers · median 16.52%
Revenue Growth (YoY)33.97%
Beats 79% of 19 industry peers · median 7.81%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
NTPC Ltd.NTPC | ₹3.21 L | — | — |
Power Grid Corporation of India Ltd.POWERGRID | ₹2.48 L | 15.47 | 2.45 |
Adani Green Energy Ltd.ADANIGREEN | ₹2.01 L | 129.81 | 10.82 |
Adani Energy Solutions Ltd.ADANIENSOL | ₹1.79 L | 83.23 | 7.47 |
Tata Power Co. Ltd.TATAPOWER | ₹1.11 L | 30.05 | 2.85 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Adani Power Ltd. (ADANIPOWER)
Indexed Documents8 Filings
Latest Disclosure06 Aug 2026
AGM / EGM06 Aug 2026
Adani Power Ltd: Notice of Annual General Meeting and Record Date for Dividend
Secretarial Filing11 Jul 2026
Adani Power Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Board Outcome16 Jun 2026
Adani Power Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Press Release01 Jun 2026
Adani Power Ltd: Press Release: Business Updates and New Strategic Initiatives
Shareholding25 May 2026
Adani Power Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Corporate Action30 Apr 2026
Adani Power Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
Investor Deck12 Feb 2026
Adani Power Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
News
- IndianAPIAdani Power, Adani Enterprises to Adani Energy: Gautam Adani-owned stocks crash up to 8% in trade today; here's why
Adani Group stocks faced significant selling pressure on Monday amidst MSCI index reshuffling. Adani Enterprises dropped over 8%, with all major group companies declining. Broader Indian markets also weakened, reflecting caution among investors before MSCI changes and external economic pressures.
- IndianAPIBreakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —28 August 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today —Wonderla Holidays, Orkla India, Bharat Heavy Electricals, Adani Power, and Global Health.
- IndianAPIAdani Power share price: 70% rally in 1 year - What's next for the stock after favourable MERC ruling?
Adani PoweAdani Power share price has delivered multibagger returns over longer timeframes. In the last three and five years, the stock has surged 214% and 1,216%, respectively, as per BSE data. This year so far, the stock has jumped 37%.
- IndianAPISHANTI Act puts private nuclear power in play. Are investors getting ahead of the story?
Draft rules lay the groundwork for private participation, while power companies are already scouting sites for nuclear projects. For investors, however, the bigger question is how soon the opportunity can translate into earnings.
- IndianAPIQIP fundraising hits one-year high, Adani firms dominate
The recent pick-up in QIPs reflects companies taking advantage of a favourable fundraising window rather than betting on an immediate economic recovery, said experts.
- IndianAPIQIP fundraising hits one-year high, Adani firms dominate
The recent pick-up in QIPs reflects companies taking advantage of a favourable fundraising window rather than betting on an immediate economic recovery, said experts.
- IndianAPIAdani’s new cash cow: A private infra firm buying into group peers
Adani Group’s infrastructure spending boom has turned privately-held Adani Infra into a massive cash generator. The company's growing investments in the group’s listed firms show how wealth created within the conglomerate is being spent across its businesses.
- IndianAPIAdani’s new cash cow: A private infra firm buying into group peers
Adani Group’s infrastructure spending boom has turned privately-held Adani Infra into a massive cash generator. The company's growing investments in the group’s listed firms show how wealth created within the conglomerate is being spent across its businesses.
- IndianAPIAdani's bumper capex trickles down to smaller infra firms
The Adani Group’s ₹1.53 trillion capex plan for FY26 is emerging as a major growth driver for smaller listed engineering and construction companies. For some, the conglomerate accounted for over 80% of new orders last year, reflecting its growing influence on India’s EPC ecosystem.
- IndianAPIAdani's bumper capex trickles down to smaller infra firms
The Adani Group’s ₹1.53 trillion capex plan for FY26 is emerging as a major growth driver for smaller listed engineering and construction companies. For some, the conglomerate accounted for over 80% of new orders last year, reflecting its growing influence on India’s EPC ecosystem.
- IndianAPIAdani Power Q1 results: Net profit jumps 42% YoY to ₹4,806 crore; board approves raising ₹15,000 crore
Adani Power Q1 results: Adani Power's June quarter earnings revealed a 42% net profit rise to ₹4,806 crore and a 34% revenue boost to ₹18,902 crore. The firm plans to raise ₹15,000 crore for expansion and is actively pursuing growth in various energy sectors.
- IndianAPIAdani Power Q1 results: Net profit jumps 42% YoY to ₹4,806 crore; board approves raising ₹15,000 crore
Adani Power Q1 results: Adani Power's June quarter earnings revealed a 42% net profit rise to ₹4,806 crore and a 34% revenue boost to ₹18,902 crore. The firm plans to raise ₹15,000 crore for expansion and is actively pursuing growth in various energy sectors.
- IndianAPIQ1 results 2026: Eternal to Adani Power among companies to declare Q1 results today; full list here
Q1 results 2026: Eternal, Adani Power, Nestle India, Adani Green Energy, BPCL, JSW Energy, Dr Reddy's Laboratories, HPCL, IndusInd Bank are among the companies to declare their Q1 results FY27 today.
- IndianAPIQ1 results 2026: Eternal to Adani Power among companies to declare Q1 results today; full list here
Q1 results 2026: Eternal, Adani Power, Nestle India, Adani Green Energy, BPCL, JSW Energy, Dr Reddy's Laboratories, HPCL, IndusInd Bank are among the companies to declare their Q1 results FY27 today.
- IndianAPIStocks to watch: Eternal, Nestle, Indian Hotels among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 24,108 mark, down over 72 points from the previous close of Nifty futures.
- IndianAPIStocks to watch: Eternal, Nestle, Indian Hotels among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 24,108 mark, down over 72 points from the previous close of Nifty futures.
- IndianAPIAdani Power, Adani Green, Adani Ports to Adani Enterprises: Gautam Adani group stocks rise up to 5%. Do you own any?
Adani Total Gas led the gains, surging more than 5%. Adani Green Energy and Adani Energy Solutions advanced over 3% each, while Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Ambuja Cements and ACC gained more than 2% each.
- IndianAPIAdani Power, Adani Green, Adani Ports to Adani Enterprises: Gautam Adani group stocks rise up to 5%. Do you own any?
Adani Total Gas led the gains, surging more than 5%. Adani Green Energy and Adani Energy Solutions advanced over 3% each, while Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Ambuja Cements and ACC gained more than 2% each.
- IndianAPIIIFL initiates coverage on Adani Power shares. Should you buy?
On Tuesday, Adani Power share price fell over 1.30% to ₹217 apiece on NSE.
- IndianAPIIIFL initiates coverage on Adani Power shares. Should you buy?
On Tuesday, Adani Power share price fell over 1.30% to ₹217 apiece on NSE.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.