Adani Power

₹604 -1.9 | 0.3%

WEBSITE BSE:533096 NSE : ADANI POWER 11 Jul, 15:59

Market Cap ₹232940 Cr.

Stock P/E 18.3

P/B 4.1

Current Price ₹604

Book Value ₹ 146.1

Face Value 10

52W High ₹752.2

Dividend Yield 0%

52W Low ₹ 430.9

Edit Ratio

Adani Power Research see more...

Overview Inc. Year: 1996Industry: Power Generation/Distribution

Adani Power Ltd is a holding company. The Company is engaged in offering electric power generation via coal-based thermal energy plants and coal buying and selling. Its enterprise activity is undertaken at Mundra Thermal Power Plant of the Company in Gujarat and Thermal Power Plant of its subsidiaries at Tiroda (Maharashtra), at Kawai (Rajasthan) and at Udupi (Karnataka). It has approximately 5 power projects. It focuses to promote the power generated from those projects under a mixture of long term Power Purchase Agreements and on service provider basis. Its subsidiaries are Adani Power Maharashtra Ltd, Adani Power Rajasthan Ltd, Udupi Power Corporation Ltd and Adani Power Resources Ltd.

Adani Power Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Adani Power Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	7764	10242	11006	12991	12991	13364	14956	13339	13671	14237
Other Income	526	553	7103	1945	364	518	518	724	1162	298
Total Income	8290	10795	18109	14936	13355	13882	15474	14063	14833	14536
Total Expenditure	6295	8335	7491	7819	8346	8514	8761	8063	8648	9425
Operating Profit	1996	2461	10618	7116	5009	5368	6713	6000	6185	5111
Interest	946	746	883	888	797	820	811	807	957	765
Depreciation	838	817	935	1004	1002	990	996	1059	1170	1085
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	212	898	8800	5224	3210	3558	4906	4134	4059	3261
Provision for Tax	203	-4345	40	-1371	472	821	993	837	1119	662
Profit After Tax	9	5242	8759	6594	2738	2737	3913	3298	2940	2599
Adjustments	0	0	0	0	0	0	0	34	117	38
Profit After Adjustments	9	5242	8759	6594	2738	2737	3913	3332	3057	2637
Adjusted Earnings Per Share	0	13.6	22.7	17.1	7.1	7.1	10.1	8.6	7.9	6.8

Adani Power Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Net Sales	19545	25532	22616	20304	23884	26468	26221	27711	38773	50351	56203	56203
Other Income	246	202	419	789	2477	1374	1928	3975	4267	9930	2703	2702
Total Income	19791	25734	23034	21093	26362	27842	28150	31686	43041	60281	58906	58906
Total Expenditure	13708	16730	16644	14903	18930	20782	17553	17897	28729	32171	34898	34897
Operating Profit	6083	9004	6391	6190	7431	7059	10597	13789	14312	28111	24008	24009
Interest	5369	5963	5902	5570	5657	5315	5106	4095	3334	3388	3340	3340
Depreciation	2061	2666	2672	2699	2751	3007	3202	3118	3304	3931	4309	4310
Exceptional Income / Expenses	-17	0	-4077	0	0	-1003	0	0	0	0	0	0
Profit Before Tax	-1364	375	-6260	-2079	-976	-2265	2289	6577	7675	20792	16360	16360
Provision for Tax	0	-176	-86	-5	9	10	1019	1666	-3052	-37	3610	3611
Profit After Tax	-1364	551	-6174	-2074	-984	-2275	1270	4912	10727	20829	12750	12750
Adjustments	548	0	0	-29	0	0	0	0	0	0	189	189
Profit After Adjustments	-816	551	-6174	-2103	-984	-2275	1270	4912	10727	20829	12939	12939
Adjusted Earnings Per Share	-2.8	1.7	-16	-5.5	-2.6	-5.9	3.3	12.7	27.8	54	33.5	33.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	27%	16%	11%
Operating Profit CAGR	-15%	20%	28%	15%
PAT CAGR	-39%	37%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-16%	28%	77%	36%
ROE Average	26%	42%	36%	-35%
ROCE Average	23%	24%	20%	13%

Adani Power Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	5725	7468	3000	889	-288	-2135	13113	18703	29876	43145	56347
Minority's Interest	0	0	0	0	0	0	0	0	0	0	1326
Borrowings	35090	35418	36651	34560	44410	53181	39957	37871	33703	26595	27647
Other Non-Current Liabilities	224	6868	6204	6055	5702	5789	7009	8263	4498	6420	11156
Total Current Liabilities	17441	26046	25666	28045	18163	18201	18727	17144	17745	15789	16441
Total Liabilities	58479	75799	71520	69549	67988	75037	78806	81981	85821	91948	112918
Fixed Assets	45080	56941	54391	52137	50419	55846	52851	53274	50746	63016	69249
Other Non-Current Assets	2848	2633	3594	3448	4363	4586	8312	12479	15522	3346	17340
Total Current Assets	10392	16225	13535	13963	13202	14605	16849	16228	19553	25587	26313
Total Assets	58479	75799	71520	69549	67988	75037	78806	81981	85821	91948	112918

Adani Power Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	312	255	107	81	62	25	941	113	782	349	1136
Cash Flow from Operating Activities	5824	5257	4725	5101	5610	5598	7014	10233	8431	14170	21501
Cash Flow from Investing Activities	-4737	-3688	-1212	-520	-984	-2328	-2188	572	1544	3482	-17142
Cash Flow from Financing Activities	-1144	-2713	-3539	-4600	-4663	-2377	-5655	-10338	-10408	-16864	-5175
Net Cash Inflow / Outflow	-57	-1144	-26	-19	-37	892	-828	467	-434	788	-816
Closing Cash & Cash Equivalent	255	107	81	62	25	941	113	782	349	1136	320

Adani Power Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	-2.84	1.65	-16.01	-5.45	-2.55	-5.9	3.29	12.73	27.81	54	33.55
CEPS(Rs)	2.43	9.65	-9.08	1.62	4.58	1.9	11.59	20.82	36.38	64.2	44.23
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	19.38	22.4	7.78	2.31	-0.75	-5.53	34	48.49	77.46	111.86	146.09
Core EBITDA Margin(%)	29.87	34.47	26.41	26.6	20.74	21.48	33.06	35.42	25.91	36.11	37.91
EBIT Margin(%)	20.49	24.82	-1.58	17.19	19.6	11.52	28.2	38.51	28.39	48.02	35.05
Pre Tax Margin(%)	-6.98	1.47	-27.68	-10.24	-4.09	-8.56	8.73	23.73	19.79	41.29	29.11
PAT Margin (%)	-6.98	2.16	-27.3	-10.21	-4.12	-8.59	4.84	17.72	27.67	41.37	22.68
Cash Profit Margin (%)	3.57	12.6	-15.48	3.08	7.39	2.76	17.05	28.97	36.19	49.17	30.35
ROA(%)	-2.33	0.82	-8.38	-2.94	-1.43	-3.18	1.65	6.11	12.78	23.43	12.45
ROE(%)	-22.86	8.45	-117.97	-106.65	-327.25	0	23.14	30.87	44.16	57.05	25.63
ROCE(%)	7.95	11.47	-0.62	6.39	8.63	5.24	11.63	16.05	15.77	32.3	22.87
Receivable days	46.99	114.12	162.85	123.81	111.72	116.65	140.63	140.94	99.27	84.11	80.2
Inventory Days	27.17	23.22	27.27	23.68	16.03	25.84	31.65	28.21	25.1	26.16	24.22
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	20.97	0	0	0	0	25.83	14.53	6.89	9.88	15.18
Price/Book(x)	2.44	1.55	5.14	10.3	-64.62	-5.01	2.5	3.82	2.47	4.77	3.49
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.94	2.48	2.98	3.01	3.04	2.74	3.19	4.25	2.95	4.63	4.07
EV/Core EBITDA(x)	9.45	7.04	10.53	9.88	9.78	10.28	7.89	8.54	7.98	8.29	9.52
Net Sales Growth(%)	26.39	30.63	-11.42	-10.22	17.63	10.82	-0.93	5.68	39.92	29.86	11.62
EBIT Growth(%)	38.73	58.23	-105.66	1074.03	34.07	-34.84	142.47	44.31	3.15	119.65	-18.53
PAT Growth(%)	-596.06	140.39	-1220.93	66.41	52.53	-131.08	155.83	286.74	118.39	94.18	-38.79
EPS Growth(%)	-180.72	158.17	-1068.93	65.94	53.19	-131.08	155.83	286.75	118.4	94.18	-37.88
Debt/Equity(x)	8.04	7.06	17.5	59.41	-191.09	-29.9	4	2.61	1.41	0.8	0.68
Current Ratio(x)	0.6	0.62	0.53	0.5	0.73	0.8	0.9	0.95	1.1	1.62	1.6
Quick Ratio(x)	0.51	0.56	0.46	0.47	0.66	0.66	0.79	0.81	0.93	1.36	1.4
Interest Cover(x)	0.75	1.06	-0.06	0.63	0.83	0.57	1.45	2.61	3.3	7.14	5.9
Total Debt/Mcap(x)	3.29	4.56	3.41	5.77	2.96	5.96	1.6	0.68	0.57	0.17	0.2

Adani Power Shareholding Pattern

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Promoter	74.97	74.97	70.02	71.75	71.75	72.71	74.96	74.96	74.96	74.96
FII	11.7	11.95	17.51	15.86	15.91	14.73	12.66	12.35	12.37	12.46
DII	0.01	0.04	0.76	1.18	1.41	1.43	1.53	1.61	1.65	1.76
Public	13.32	13.04	11.72	11.2	10.93	11.13	10.85	11.09	11.03	10.82
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Promoter	289.16	289.16	270.06	276.74	276.74	280.42	289.11	289.11	289.11	289.11
FII	45.11	46.08	67.53	61.18	61.35	56.81	48.83	47.61	47.7	48.05
DII	0.05	0.16	2.91	4.56	5.45	5.52	5.92	6.2	6.35	6.79
Public	51.37	50.29	45.19	43.21	42.15	42.94	41.83	42.76	42.52	41.74
Others	0	0	0	0	0	0	0	0	0	0
Total	385.69	385.69	385.69	385.69	385.69	385.69	385.69	385.69	385.69	385.69

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 42%

Cons

Stock is trading at 4.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.