Adani Energy Sol

INR
912.80
31.45 (3.57%)
BSENSE

Jan 29

BSE+NSE Vol: 22.12 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

22.12 lacs (-32.76%) Volume

Shareholding (Dec 2025)

FII

13.47%

Held by 187 FIIs

DII

0.08%

Held by 41 DIIs

Promoter

71.19%

What does Adani Energy Sol do?

06-Jun-2025

Adani Energy Solutions Ltd is a leading private transmission and distribution company in India, headquartered in Ahmedabad, with recent net sales of ₹6,375 Cr and a net profit of ₹647 Cr for the quarter ending March 2025. It has a market cap of ₹106,211 Cr and key metrics include a P/E ratio of 41.00 and a debt-equity ratio of 1.56.

Overview: <BR>Adani Energy Solutions Ltd is the transmission and distribution arm of the Adani Portfolio, operating in the power industry as a large-cap company.<BR><BR>History: <BR>The company is headquartered in Ahmedabad, Gujarat, and is recognized as the fastest growing and largest private transmission company in India. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 6,375 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 647 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 106,211 Cr (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 41.00 <BR>Industry P/E: 20 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.56 <BR>Return on Equity: 11.63% <BR>Price to Book: 4.75 <BR><BR>Contact Details: <BR>Address: Adani House Navrangpura, Nr Mithakhali Six Roads Ahmedabad Gujarat : 380009 <BR>Tel: 91-79-25555555/26565555 <BR>Email: jaladhi.shukla@adani.com <BR>Website: http://www.adanitransmission.com

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When is the next results date for Adani Energy Sol?

06-Jun-2025

No Upcoming Board Meetings

Has Adani Energy Sol declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Adani Energy Sol?

03-Jun-2025

Adani Energy Sol's peers include NTPC, Power Grid Corp, Adani Power, Adani Green, Tata Power Co., NTPC Green, JSW Energy, NHPC Ltd, and Torrent Power. Key insights show varying management risks, growth rates, and capital structures among these companies, with NTPC Green leading in 1-year returns while Adani Power has the lowest.

Peers: The peers of Adani Energy Sol are NTPC, Power Grid Corpn, Adani Power, Adani Green, Tata Power Co., NTPC Green, JSW Energy, NHPC Ltd, and Torrent Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Power Grid Corpn and Torrent Power, while Average management risk is found at NTPC, Adani Power, Tata Power Co., NTPC Green, and SJVN, and the rest. Growth is excellent at Adani Power, Tata Power Co., NTPC Green, and Adani Energy Sol, while good growth is seen at NTPC and Torrent Power, and the rest have below average or do not qualify. Below average capital structure is noted for Power Grid Corpn, Adani Power, Tata Power Co., Adani Energy Sol, NTPC Green, JSW Energy, NHPC Ltd, and SJVN, while average capital structure is found at Torrent Power, and the rest do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is NTPC Green at N/A, while Adani Power has the lowest at -37.43%, and Adani Energy Sol's 1-year return of -29.56% is better than Adani Power's but worse than NTPC Green's. Additionally, peers with negative six-month returns include NTPC, Power Grid Corpn, Adani Power, Adani Green, Tata Power Co., JSW Energy, NHPC Ltd, and SJVN.

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Who are in the management team of Adani Energy Sol?

16-Jul-2025

As of March 2023, the management team of Adani Energy Sol includes Gautam S Adani (Executive Chairman), Anil Sardana (Managing Director), and several independent directors, including Ravindra H Dholakia, K Jairaj, Meera Shankar, and Lisa Caroline Maccallum. The team is responsible for the company's governance and strategic direction.

As of March 2023, the management team of Adani Energy Sol includes:<BR><BR>1. Gautam S Adani - Executive Chairman<BR>2. Rajesh S Adani - Executive Director<BR>3. Jaladhi Shukla - Company Secretary & Compliance Officer<BR>4. Anil Sardana - Managing Director<BR>5. Ravindra H Dholakia - Independent Director<BR>6. K Jairaj - Independent Director<BR>7. Meera Shankar - Independent Director<BR>8. Lisa Caroline Maccallum - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

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Who are the top shareholders of the Adani Energy Sol?

17-Jul-2025

The top shareholders of Adani Energy Sol include the S.B. Adani Family Trust, holding 50.08%, followed by 168 foreign institutional investors with 17.58%, and mutual funds with 2.45%. The highest public shareholder is Envestcom Holding Rsc Ltd at 4.6%, while individual investors hold 3.94%.

The top shareholders of Adani Energy Sol include the promoters, who hold a significant majority stake. Specifically, Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani, representing the S.B. Adani Family Trust, hold the largest portion at 50.08%. Additionally, institutional investors play a role, with 168 foreign institutional investors (FIIs) collectively holding 17.58% of the shares. Mutual funds are represented by 28 schemes, accounting for 2.45%. The highest public shareholder is Envestcom Holding Rsc Ltd, which holds 4.6%. Individual investors also have a stake, holding 3.94% of the shares.

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How big is Adani Energy Sol?

24-Jul-2025

As of 24th July, Adani Energy Solutions Ltd has a market capitalization of 103,677.00 Cr, with recent Net Sales of 23,767.09 Cr and a Net Profit of 1,059.97 Cr. Shareholder's Funds are 22,068.20 Cr and Total Assets are valued at 73,902.25 Cr.

As of 24th July, Adani Energy Solutions Ltd has a market capitalization of 103,677.00 Cr, categorizing it as a Large Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 23,767.09 Cr and a Net Profit of 1,059.97 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 22,068.20 Cr and Total Assets valued at 73,902.25 Cr.

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Is Adani Energy Sol overvalued or undervalued?

22-Sep-2025

As of September 19, 2025, Adani Energy Sol is considered very expensive and overvalued with a PE ratio of 43.99, significantly higher than its peers like NTPC and Tata Power, despite a recent short-term performance improvement against the Sensex, while its long-term outlook remains negative with a 3-year return of -78.2%.

As of 19 September 2025, the valuation grade for Adani Energy Sol has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 43.99, a Price to Book Value of 4.78, and an EV to EBITDA ratio of 16.49. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Adani Energy Sol's valuation stands out as particularly high. For instance, NTPC, which is rated attractive, has a PE ratio of 13.71 and an EV to EBITDA of 10.77, while Tata Power Co. has a PE of 30.63 and an EV to EBITDA of 12.34. This stark contrast reinforces the notion that Adani Energy Sol is overvalued relative to its industry peers. Additionally, despite a recent positive performance against the Sensex, with a 1-week return of 5.89% compared to the Sensex's 0.88%, the long-term outlook remains concerning, especially given the 3-year return of -78.2% versus the Sensex's 39.71%.

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Is Adani Energy Sol technically bullish or bearish?

14-Oct-2025

As of 13 October 2025, Adani Energy Sol's trend has shifted to bullish, supported by strong indicators like a bullish weekly MACD and moving averages, although caution is advised due to a bearish monthly KST.

As of 13 October 2025, the technical trend for Adani Energy Sol has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands confirm a bullish trend. Daily moving averages also indicate bullish momentum. However, the monthly KST remains bearish, which suggests some caution. Overall, the strength of the bullish trend is reinforced by the recent price movement, with today's high surpassing the previous close, indicating positive momentum.

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How has been the historical performance of Adani Energy Sol?

28-Oct-2025

Adani Energy Sol has experienced significant growth in net sales and operating profit from Mar'21 to Mar'25, with total operating income rising from 9,926.33 Cr to 23,767.09 Cr. However, profit levels have declined recently, with profit after tax dropping from 1,195.61 Cr in Mar'24 to 921.69 Cr in Mar'25.

Answer:<BR>The historical performance of Adani Energy Sol shows significant growth in net sales and operating profit over the years, with a notable increase in total operating income and net profit.<BR><BR>Breakdown:<BR>Adani Energy Sol has demonstrated a strong upward trend in net sales, increasing from 9,926.33 Cr in Mar'21 to 23,767.09 Cr in Mar'25. This growth is reflected in total operating income, which rose from 9,926.33 Cr to 23,767.09 Cr during the same period. Operating profit (PBDIT) also saw substantial growth, climbing from 4,482.96 Cr in Mar'21 to 9,086.73 Cr in Mar'25, although the operating profit margin slightly decreased from 39.8% to 35.37%. Profit before tax peaked at 1,779.56 Cr in Mar'24 but fell to 1,074.85 Cr in Mar'25, while profit after tax showed a decline from 1,195.61 Cr in Mar'24 to 921.69 Cr in Mar'25. The company's total assets increased significantly from 39,711.19 Cr in Mar'20 to 73,902.25 Cr in Mar'25, with total liabilities also rising from 39,711.19 Cr to 73,902.25 Cr. Cash flow from operating activities improved from 3,776.00 Cr in Mar'23 to 8,695.00 Cr in Mar'25, contributing to a net cash inflow of 1,448.00 Cr in Mar'25, up from 551.00 Cr in Mar'24. Overall, while Adani Energy Sol has shown impressive growth in revenue and cash flow, it has faced challenges in maintaining profit levels in the most recent year.

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Are Adani Energy Solutions Ltd latest results good or bad?

23-Jan-2026

Adani Energy Solutions Ltd's latest results show mixed performance, with a 6.66% year-on-year revenue growth but a 20.89% decline in net profit compared to last year. While operational metrics are improving, high debt levels and a premium valuation raise concerns for investors.

Adani Energy Solutions Ltd's latest results present a mixed picture. For Q3 FY26, the company reported revenue from operations of ₹6,595.83 crores, which reflects a decline of 3.28% sequentially but a healthy year-on-year growth of 6.66%. This indicates that while there are some challenges in the short term, the company is still expanding compared to the previous year.<BR><BR>On the profitability front, the net profit for the quarter was ₹533.97 crores, showing a positive sequential growth of 4.19% but a significant decline of 20.89% compared to the same quarter last year. The profit after tax margin improved slightly to 8.45% from 7.90% in the previous quarter, but it remains below the 11.20% recorded in March 2025.<BR><BR>The operating margin also showed improvement, rising to 34.70%, which suggests better cost management. However, the company's financial health is constrained by substantial debt, with a debt-to-equity ratio of 1.68 times and high interest costs consuming a significant portion of revenue.<BR><BR>Valuation concerns are prominent, as the stock trades at a price-to-earnings ratio of 49.27 times, far exceeding the sector average of 20 times. This premium valuation raises questions about sustainability and investor expectations, especially given the company's weaker return metrics compared to peers.<BR><BR>In summary, while Adani Energy Solutions is showing some operational stability and year-on-year growth, the high valuation, significant debt burden, and declining net profit year-on-year present serious concerns for investors. The outlook suggests caution, especially for new investors considering entry at current valuations.

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Should I buy, sell or hold Adani Energy Solutions Ltd?

28-Jan-2026

Why is Adani Energy Solutions Ltd falling/rising?

28-Jan-2026

As of 28-Jan, Adani Energy Solutions Ltd's stock price has risen to 881.35, up 3.82%, driven by strong investor interest and positive sector performance. Despite trading below moving averages, the company's solid long-term growth and high institutional holdings indicate a strong foundation for future performance.

As of 28-Jan, Adani Energy Solutions Ltd is experiencing a rise in its stock price, currently at 881.35, reflecting an increase of 32.4 points or 3.82%. This upward movement can be attributed to several factors. Notably, the stock has outperformed its sector by 0.98% today and has been on a consecutive gain for the last two days, accumulating a total return of 8.24% during this period. Additionally, the stock reached an intraday high of Rs 885.2, indicating strong trading activity.<BR><BR>Investor participation has also increased, with a delivery volume of 10.2 lacs on 27 January, which is a significant rise of 73.98% compared to the five-day average delivery volume. This suggests heightened interest and confidence among investors. Furthermore, the power generation and distribution sector, in which Adani Energy operates, has seen a gain of 2.78%, contributing positively to the stock's performance.<BR><BR>Despite the recent gains, it is important to note that the stock is currently trading below its moving averages across various time frames, which may indicate underlying challenges. However, the company's healthy long-term growth, with net sales and operating profit increasing at annual rates of 20.62% and 20.08% respectively, along with high institutional holdings at 23.61%, suggests a solid foundation for future performance. Overall, these factors combined have led to the recent rise in the stock price of Adani Energy Solutions Ltd.

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iScoreScore
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Strong Sell
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Strong Buy

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Dashboard

1

Poor Management Efficiency with a low ROCE of 8.65%

  • The company has been able to generate a Return on Capital Employed (avg) of 8.65% signifying low profitability per unit of total capital (equity and debt)
2

High Debt Company with a Debt to Equity ratio (avg) at 2.34 times

3

Healthy long term growth as Net Sales has grown by an annual rate of 20.62% and Operating profit at 20.08%

 
4

Flat results in Dec 25

5

With ROCE of 11.3, it has a Expensive valuation with a 2.3 Enterprise value to Capital Employed

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Power

stock-summary
Market cap

INR 104,704 Cr (Large Cap)

stock-summary
P/E

49.00

stock-summary
Industry P/E

20

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

1.68

stock-summary
Return on Equity

9.65%

stock-summary
Price to Book

4.53

Revenue and Profits:
Net Sales:
6,730 Cr
(Quarterly Results - Dec 2025)
Net Profit:
552 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-5.66%
0%
-5.66%
6 Months
10.08%
0%
10.08%
1 Year
22.5%
0%
22.5%
2 Years
-16.82%
0%
-16.82%
3 Years
-54.58%
0%
-54.58%
4 Years
-53.8%
0%
-53.8%
5 Years
98.0%
0%
98.0%

Adani Energy Sol for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

27-Jan-2026 | Source : BSE

Transcript of Earnings Call pertaining to Unaudited Financial Results for quarter and nine months ended December 31 2025

Announcement under Regulation 30 (LODR)-Credit Rating

27-Jan-2026 | Source : BSE

Update on Credit Rating

Clarification sought from Adani Energy Solutions Ltd

27-Jan-2026 | Source : BSE

The Exchange has sought clarification from Adani Energy Solutions Ltd on January 27 2026 with reference to news appeared in https://economictimes.indiatimes.com/ dated January 27 2026 quoting Adani Energy Solutions secures hybrid power mandate from Asahi India Glass

The reply is awaited.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
20.62%
EBIT Growth (5y)
20.08%
EBIT to Interest (avg)
1.53
Debt to EBITDA (avg)
6.52
Net Debt to Equity (avg)
1.68
Sales to Capital Employed (avg)
0.31
Tax Ratio
25.01%
Dividend Payout Ratio
0
Pledged Shares
0.55%
Institutional Holding
23.61%
ROCE (avg)
8.57%
ROE (avg)
10.54%

Valuation key factors

Factor
Value
P/E Ratio
49
Industry P/E
20
Price to Book Value
4.69
EV to EBIT
20.51
EV to EBITDA
16.20
EV to Capital Employed
2.38
EV to Sales
5.61
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
11.31%
ROE (Latest)
9.64%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

0.5496

Mutual Funds

Held by 32 Schemes (6.44%)

FIIs

Held by 187 FIIs (13.47%)

Promoter with highest holding

Gautambhai Shantilal Adani And Rajeshbhai Shantilal Adani (on Behalf Of S.b. Adani Family Trust) (50.08%)

Highest Public shareholder

Sbi Equity Hybrid Fund (3.7%)

Individual Investors Holdings

3.08%

stock-summaryFinancial
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Quarterly Results Snapshot (Consolidated) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
6,729.65
5,830.26
15.43%
Operating Profit (PBDIT) excl Other Income
2,335.74
2,125.31
9.90%
Interest
912.95
809.12
12.83%
Exceptional Items
0.00
0.00
Consolidate Net Profit
552.31
561.78
-1.69%
Operating Profit Margin (Excl OI)
34.71%
36.45%
-1.74%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is 15.43% vs 27.78% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is -1.69% vs 72.91% in Dec 2024

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
13,415.11
11,562.25
16.03%
Operating Profit (PBDIT) excl Other Income
4,603.65
4,031.16
14.20%
Interest
1,765.69
1,623.87
8.73%
Exceptional Items
0.00
-1,506.02
100.00%
Consolidate Net Profit
1,046.45
-148.96
802.50%
Operating Profit Margin (Excl OI)
34.32%
34.86%
-0.54%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 16.03% vs 57.57% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 802.50% vs -133.03% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
20,144.76
17,392.51
15.82%
Operating Profit (PBDIT) excl Other Income
6,939.39
6,156.47
12.72%
Interest
2,678.64
2,432.99
10.10%
Exceptional Items
0.00
-1,506.02
100.00%
Consolidate Net Profit
1,598.76
412.82
287.28%
Operating Profit Margin (Excl OI)
34.45%
35.40%
-0.95%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 15.82% vs 46.15% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 287.28% vs -46.79% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
23,767.09
16,607.36
43.11%
Operating Profit (PBDIT) excl Other Income
8,407.27
6,171.21
36.23%
Interest
3,259.16
2,766.51
17.81%
Exceptional Items
-1,506.02
0.00
Consolidate Net Profit
1,059.97
1,137.28
-6.80%
Operating Profit Margin (Excl OI)
35.37%
37.16%
-1.79%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 43.11% vs 24.94% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -6.80% vs -9.48% in Mar 2024

stock-summaryCompany CV
About Adani Energy Solutions Ltd stock-summary
stock-summary
Adani Energy Solutions Ltd
Large Cap
Power
Adani Energy Solutions Limited, headquartered at Ahmedabad in Gujarat, is the transmission and distribution arm of the Adani Portfolio, as fastest growing and the largest private transmission company in India. The Company operates across 16 states, with a portfolio of 20,509 circuit kilometers (ckm) of transmission lines and more than 57,011 MVA of power transformation capacity from 132 to 765 kilovolts of HVAC systems and 500 kilovolts of HVDC systems.
Company Coordinates stock-summary
Company Details
Adani House Navrangpura, Nr Mithakhali Six Roads Ahmedabad Gujarat : 380009
stock-summary
Tel: 91-79-25555555/26565555
stock-summary
jaladhi.shukla@adani.com
Registrar Details