Adani Energy Solutions Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Adani Energy Solutions Ltd?

Adani Energy Solutions Ltd is trading at 1,412.00 as of 30 April 2026, with a FY2026-2027 high of 1,425 and low of 745. The stock is currently near its 52-week high. Market cap stands at 1,69,615 Cr..

Q: Is Adani Energy Solutions Ltd financially healthy?

Key indicators: ROCE of 9.71 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Adani Energy Solutions Ltd profitable and how is the profit trend?

Adani Energy Solutions Ltd reported a net profit of 922 Cr in Mar 2025 on revenue of 23,767 Cr. Compared to 1,236 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹1,235.20Overvalued by 12.52%vs CMP ₹1,412.00

P/E (74.3) × ROE (9.6%) × BV (₹212.00) × DY (2.00%)

₹639.18Overvalued by 54.73%vs CMP ₹1,412.00

MoS: -120.9% (Negative)Confidence: 56/100 (Moderate)Models: 1 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,374.75	30%	Fair (-2.6%)
Graham Number	Earnings	₹298.66	22%	Over (-78.8%)
Net Asset Value	Assets	₹194.67	10%	Over (-86.2%)
EV/EBITDA	Enterprise	₹517.22	12%	Over (-63.4%)
Earnings Yield	Earnings	₹187.00	10%	Over (-86.8%)
ROCE Capital	Returns	₹412.67	10%	Over (-70.8%)
Revenue Multiple	Revenue	₹296.78	7%	Over (-79%)
Consensus (7 models)		₹639.18	100%	Overvalued

Key Drivers: Wide model spread (₹187–₹1,375) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.3%

*Investments are subject to market risks

Analyst Summary

Adani Energy Solutions Ltd operates in the Industry not found segment, NSE: ADANIENSOL | BSE: 539254, current market price is ₹1,412.00, market cap is 1,69,615 Cr.. At a glance, stock P/E is 74.3, ROE is 9.61 %, ROCE is 9.71 %, book value is 212, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹639.18, around 54.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹23,767 Cr versus the prior period change of 43.1%, while latest net profit is about ₹922 Cr with a prior-period change of -22.9%. The 52-week range shown on this page is 1,425/745, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAdani Energy Solutions Ltd. is a Public Limited Listed company incorporated on 09/12/2013 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Adani Energy Solutions Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Adani Energy Solutions Ltd scores 53/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health42/100 · Moderate

ROCE 9.7% AverageROE 9.6% AverageD/E 4.23 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money45/100 · Moderate

FII holding down -4.11% (6mo) SellingDII holding up 3.81% MF buyingPromoter holding at 71.2% Stable

Earnings Quality40/100 · Moderate

OPM contracting (36% → 32%) Declining

Quarterly Momentum80/100 · Strong

Revenue (4Q): +20% YoY GrowingProfit (4Q): +305% YoY Strong

Industry Rank65/100 · Strong

P/E 74.3 vs industry 186.9 Cheaper than peersROCE 9.7% vs industry 11.4% AverageROE 9.6% vs industry 22.3% Below peers3Y sales CAGR: 28% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:11 pm

Market Cap	1,69,615 Cr.
Current Price	1,412
Intrinsic Value	₹639.18
High / Low	1,425/745
Stock P/E	74.3
Book Value	212
Dividend Yield	0.00 %
ROCE	9.71 %
ROE	9.61 %
Face Value	10.0
PEG Ratio	6.58

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Adani Energy Solutions Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Adani Energy Solutions Ltd	1,69,615 Cr.	1,412	1,425/745	74.3	212	0.00 %	9.71 %	9.61 %	10.0
Amara Raja Energy & Mobility Ltd	16,110 Cr.	880	1,096/670	21.3	425	1.19 %	16.8 %	12.3 %	1.00
D B Realty Ltd	5,626 Cr.	104	219/83.0	103	74.7	0.00 %	1.38 %	2.54 %	10.0
Subros Ltd	4,915 Cr.	753	1,214/545	29.2	178	0.35 %	20.0 %	14.5 %	2.00
Websol Energy System Ltd	4,813 Cr.	111	157/50.4	20.9	9.27	0.00 %	59.2 %	80.2 %	1.00
Industry Average	9,520.91 Cr	217.39		186.89	219.59	0.27%	11.38%	22.33%	9.00

All Competitor Stocks of Adani Energy Solutions Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3,552	3,358	3,664	3,674	4,563	4,707	5,379	6,184	5,830	6,375	6,819	6,596	6,730
Expenses	2,074	2,154	2,395	2,324	3,092	3,141	3,728	4,469	4,170	4,335	5,009	4,640	4,734
Operating Profit	1,478	1,203	1,269	1,350	1,471	1,566	1,651	1,715	1,661	2,040	1,811	1,955	1,995
OPM %	42%	36%	35%	37%	32%	33%	31%	28%	28%	32%	27%	30%	30%
Other Income	230	502	108	93	262	204	-1,395	176	170	222	206	171	215
Interest	697	630	616	641	760	750	811	813	809	826	894	872	913
Depreciation	410	416	419	432	458	468	498	484	462	462	465	509	496
Profit before tax	600	660	343	370	515	552	-1,053	594	559	974	658	746	801
Tax %	20%	33%	47%	23%	32%	31%	13%	-30%	-12%	27%	18%	25%	28%
Net Profit	478	440	182	284	348	381	-1,191	773	625	714	539	557	574
EPS in Rs	4.26	3.49	1.57	2.47	2.91	3.24	-7.39	5.62	4.68	5.39	4.27	4.44	4.60

Last Updated: February 6, 2026, 9:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:08 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0	131	2,194	2,876	3,944	7,305	11,416	9,926	11,258	13,293	16,607	23,767	26,519
Expenses	0	29	267	893	1,118	4,528	7,158	5,976	7,051	8,775	10,896	16,701	18,718
Operating Profit	0	101	1,927	1,983	2,826	2,778	4,258	3,950	4,206	4,518	5,711	7,067	7,801
OPM %		78%	88%	69%	72%	38%	37%	40%	37%	34%	34%	30%	29%
Other Income	0	3	70	22	111	336	261	1,115	1,286	1,583	611	-827	814
Interest	0	73	957	904	886	1,391	2,238	2,117	2,365	2,781	2,767	3,259	3,505
Depreciation	0	37	560	569	579	882	1,174	1,329	1,427	1,608	1,776	1,906	1,932
Profit before tax	0	-5	480	532	1,472	840	1,107	1,620	1,700	1,712	1,780	1,075	3,179
Tax %		34%	23%	22%	22%	33%	36%	20%	27%	25%	33%	14%
Net Profit	0	-7	368	416	1,143	559	706	1,290	1,236	1,281	1,196	922	2,384
EPS in Rs	0.00	-0.06	3.35	3.79	10.39	5.08	6.74	11.13	10.95	11.26	10.20	8.82	18.70
Dividend Payout %		0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	5357.14%	13.04%	174.76%	-51.09%	26.30%	82.72%	-4.19%	3.64%	-6.64%	-22.91%
Change in YoY Net Profit Growth (%)	0.00%	-5344.10%	161.72%	-225.85%	77.39%	56.42%	-86.91%	7.83%	-10.28%	-16.27%

Adani Energy Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	68%
5 Years:	16%
3 Years:	28%
TTM:	38%

Compounded Profit Growth
10 Years:	80%
5 Years:	26%
3 Years:	25%
TTM:	121%

Stock Price CAGR
10 Years:	40%
5 Years:	23%
3 Years:	-42%
1 Year:	-26%

Return on Equity
10 Years:	12%
5 Years:	12%
3 Years:	12%
Last Year:	14%

Last Updated: September 4, 2025, 10:10 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.05	1,090	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,115	1,115	1,201	1,201
Reserves	0	-7	1,572	1,847	4,957	6,943	7,399	7,819	8,813	10,634	11,526	20,867	22,183
Borrowings	0	9,701	8,585	8,975	10,428	20,137	24,246	27,095	29,902	34,270	37,070	40,275	45,545
Other Liabilities	0	708	489	890	781	4,379	6,966	7,219	7,650	7,913	8,827	11,559	13,744
Total Liabilities	0	11,492	11,746	12,811	17,265	32,558	39,711	43,234	47,464	53,932	58,538	73,902	82,673
Fixed Assets	0	10,573	10,060	9,853	9,291	24,412	24,924	26,987	30,272	32,645	38,920	39,555	39,438
CWIP	0	10	258	1,343	2,353	694	2,212	5,255	5,060	6,200	3,003	5,702	6,991
Investments	0	0	20	105	0	336	313	442	561	1,370	766	2,638	1,832
Other Assets	0	909	1,407	1,510	5,621	7,117	12,262	10,550	11,572	13,716	15,849	26,007	34,412
Total Assets	0	11,492	11,746	12,811	17,265	32,558	39,711	43,234	47,464	53,932	58,538	73,902	82,673

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-35	1,544	2,189	2,198	2,591	5,437	3,784	4,097	3,777	6,038	8,695	10,997
Cash from Investing Activity +	-1,864	-816	-1,730	-3,192	-3,050	-5,643	-4,009	-3,936	-4,699	-4,943	-15,222	-14,083
Cash from Financing Activity +	1,902	-722	-455	1,589	38	1,250	-745	-235	923	-543	7,975	2,630
Net Cash Flow	3	6	4	596	-421	1,045	-969	-75	2	551	1,448	-456
Free Cash Flow	-228	810	829	1,237	1,393	2,675	-168	-94	-925	608	-683	-3,435
CFO/OP	-20%	84%	119%	89%	100%	132%	102%	104%	89%	111%	126%	143%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	0.00	92.00	-7.00	-7.00	-8.00	-18.00	-20.00	-24.00	-25.00	-30.00	-32.00	-33.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	1,255	30	24	24	36	32	37	35	39	82	65
Inventory Days
Days Payable
Cash Conversion Cycle	1,255	30	24	24	36	32	37	35	39	82	65
Working Capital Days	-11,796	-473	-128	-115	-175	14	-122	-97	-78	-57	-34
ROCE %	1%	13%	12%	17%	10%	11%	11%	10%	10%	9%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	71.64%	68.27%	73.22%	73.22%	73.22%	74.95%	69.94%	69.94%	69.94%	71.19%	71.19%	71.19%
FIIs	21.04%	19.65%	17.74%	17.49%	17.49%	15.53%	18.66%	17.34%	17.58%	15.85%	13.06%	13.47%
DIIs	3.80%	3.82%	3.87%	3.82%	3.80%	3.97%	5.38%	5.85%	6.33%	6.89%	9.97%	10.14%
Public	3.51%	8.26%	5.17%	5.46%	5.49%	5.54%	6.03%	6.87%	6.16%	6.08%	5.79%	5.20%
No. of Shareholders	3,22,851	4,26,135	4,21,057	4,76,626	4,78,125	4,93,621	4,50,283	5,49,520	5,27,137	5,00,926	4,89,248	4,37,571

Shareholding Pattern Chart

No. of Shareholders

Adani Energy Solutions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Equity Hybrid Fund	20,174,466	2.22	1805.21	N/A	N/A	N/A
SBI Focused Fund	15,171,443	3.16	1357.54	N/A	N/A	N/A
HDFC Balanced Advantage Fund	3,488,831	0.29	312.18	N/A	N/A	N/A
SBI Midcap Fund	3,000,000	1.2	268.44	N/A	N/A	N/A
SBI Infrastructure Fund	2,100,000	4.13	187.91	N/A	N/A	N/A
HDFC Large and Mid Cap Fund	1,938,307	0.61	173.44	N/A	N/A	N/A
Tata Large & Mid Cap Fund	1,700,000	1.87	152.12	N/A	N/A	N/A
Tata Arbitrage Fund	1,323,000	0.58	118.38	1,232,550	2026-02-23 08:27:11	7.34%
SBI Energy Opportunities Fund	1,250,000	1.3	111.85	N/A	N/A	N/A
Quant Flexi Cap Fund	699,000	1.01	62.55	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	9.05	10.20	11.10	8.90	9.02
Diluted EPS (Rs.)	9.05	10.20	11.10	5.06	9.02
Cash EPS (Rs.)	23.54	26.64	25.89	24.21	23.81
Book Value[Excl.RevalReserv]/Share (Rs.)	183.71	122.84	114.39	72.29	65.40
Book Value[Incl.RevalReserv]/Share (Rs.)	183.71	122.84	114.39	72.29	65.40
Revenue From Operations / Share (Rs.)	197.85	148.88	119.16	102.36	90.25
PBDIT / Share (Rs.)	75.64	60.80	45.41	43.73	40.76
PBIT / Share (Rs.)	59.78	44.88	31.00	30.76	28.68
PBT / Share (Rs.)	8.95	15.95	15.35	15.46	14.73
Net Profit / Share (Rs.)	7.67	10.72	11.48	11.24	11.73
NP After MI And SOA / Share (Rs.)	8.82	10.20	11.26	10.95	11.13
PBDIT Margin (%)	38.23	40.83	38.10	42.72	45.16
PBIT Margin (%)	30.21	30.14	26.01	30.05	31.77
PBT Margin (%)	4.52	10.71	12.87	15.10	16.31
Net Profit Margin (%)	3.87	7.19	9.63	10.97	12.99
NP After MI And SOA Margin (%)	4.45	6.84	9.45	10.70	12.33
Return on Networth / Equity (%)	4.80	8.99	10.77	17.56	20.10
Return on Capital Employeed (%)	11.22	9.90	7.37	8.14	8.63
Return On Assets (%)	1.43	1.94	2.32	2.53	2.83
Long Term Debt / Equity (X)	1.68	2.65	2.69	4.05	3.91
Total Debt / Equity (X)	1.82	2.93	2.93	4.35	4.23
Asset Turnover Ratio (%)	0.35	0.29	0.26	0.02	0.02
Current Ratio (X)	1.66	1.20	1.27	0.95	0.74
Quick Ratio (X)	1.60	1.17	1.25	0.90	0.71
Inventory Turnover Ratio (X)	53.98	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	2.79	2.45	1.82	2.03	2.12
Interest Coverage Ratio (Post Tax) (X)	2.15	1.60	1.09	1.25	1.33
Enterprise Value (Cr.)	142222.01	150269.27	144907.00	290323.62	125490.19
EV / Net Operating Revenue (X)	5.98	9.05	10.90	25.79	12.64
EV / EBITDA (X)	15.65	22.16	28.61	60.36	27.99
MarketCap / Net Operating Revenue (X)	4.40	6.89	8.37	23.18	10.06
Price / BV (X)	4.74	9.05	9.54	38.05	16.41
Price / Net Operating Revenue (X)	4.40	6.89	8.37	23.18	10.06
EarningsYield	0.01	0.01	0.01	0.00	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Adani Energy Solutions Ltd. is a Public Limited Listed company incorporated on 09/12/2013 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L40300GJ2013PLC077803 and registration number is 077803. Currently Company is involved in the business activities of Electric power generation by coal based thermal power plants. Company's Total Operating Revenue is Rs. 3382.89 Cr. and Equity Capital is Rs. 1201.28 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Power - Transmission/Equipment	Adani Corporate House, Shantigram, Ahmedabad Gujarat 382421	Contact not found

Management
Name	Position Held
Mr. Gautam S Adani	Chairman
Mr. Anil Sardana	Managing Director
Mr. Rajesh S Adani	Director
Mr. K Jairaj	Independent Director
Mrs. Meera Shankar	Independent Director
Mrs. Lisa Caroline MacCallum	Independent Director

FAQ

What is the intrinsic value of Adani Energy Solutions Ltd and is it undervalued?

As of 30 April 2026, Adani Energy Solutions Ltd's intrinsic value is ₹639.18, which is 54.73% lower than the current market price of ₹1,412.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.61 %), book value (₹212), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Adani Energy Solutions Ltd?

Adani Energy Solutions Ltd is trading at ₹1,412.00 as of 30 April 2026, with a FY2026-2027 high of ₹1,425 and low of ₹745. The stock is currently near its 52-week high. Market cap stands at ₹1,69,615 Cr..

How does Adani Energy Solutions Ltd's P/E ratio compare to its industry?

Adani Energy Solutions Ltd has a P/E ratio of 74.3, which is below the industry average of 186.89. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Adani Energy Solutions Ltd financially healthy?

Key indicators for Adani Energy Solutions Ltd: ROCE of 9.71 % is on the lower side compared to the industry average of 11.38%. Dividend yield is 0.00 %.

Is Adani Energy Solutions Ltd profitable and how is the profit trend?

Adani Energy Solutions Ltd reported a net profit of ₹922 Cr in Mar 2025 on revenue of ₹23,767 Cr. Compared to ₹1,236 Cr in Mar 2022, the net profit shows a declining trend.

Does Adani Energy Solutions Ltd pay dividends?

Adani Energy Solutions Ltd has a dividend yield of 0.00 % at the current price of ₹1,412.00. The company is currently not paying meaningful dividends.