Adani Energy Solutions Ltd

Adani Energy Sol Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Energy Solutions Ltd

₹ 1,304 -1.18%
15 May - close price
adanienergysolutions.com BSE: 539254 NSE: ADANIENSOL
About

AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company.[1]

Key Points

Business Segments
1) Power Distribution (55% in H1 FY25 vs 62% in FY22): [1] [2] The company has a power distribution network of 485 sq km, serving 12 Mn+ consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. It has applied for licenses in 3 new areas including Navi Mumbai and Kutch, near existing DISCOMs in Mumbai and Mundra SEZ, and western UP, spanning Ghaziabad to Jewar-Bulandshahr. [3] [4]

Website BSE NSE
  • Market Cap ₹ 1,56,665 Cr.
  • Current Price ₹ 1,304
  • High / Low ₹ 1,464 / 745
  • Stock P/E 274
  • Book Value ₹ 174
  • Dividend Yield 0.00 %
  • ROCE 4.89 %
  • ROE 2.81 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 96.0% CAGR over last 5 years
  • Promoter holding has increased by 1.54% over last quarter.

Cons

  • Stock is trading at 7.49 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 3.78% over last 3 years.
  • Earnings include an other income of Rs.1,240 Cr.
  • Company has high debtors of 280 days.

* 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.

Peer comparison

Utilities Power Power Power Distribution

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty Next 50 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
158 14 202 885 416 114 468 349 1,007 825 665 640 1,252
178 18 209 868 409 112 427 358 992 803 634 584 1,143
Operating Profit -19 -4 -6 17 7 1 41 -9 15 23 30 57 109
OPM % -12% -27% -3% 2% 2% 1% 9% -3% 2% 3% 5% 9% 9%
124 425 193 201 175 195 270 310 333 287 306 296 351
Interest 48 56 81 103 108 120 132 136 142 160 198 217 252
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 56 365 105 114 74 77 180 164 207 150 139 135 208
Tax % 0% 18% 0% 0% 0% 0% 0% 0% 4% -4% 27% 15% 4%
56 301 105 114 74 77 180 164 198 156 101 114 199
EPS in Rs 0.50 2.70 0.94 1.02 0.67 0.69 1.50 1.36 1.65 1.30 0.84 0.95 1.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
23 274 810 835 833 858 755 740 688 1,517 1,938 3,383
23 208 785 841 848 881 765 742 716 1,504 1,889 3,164
Operating Profit 0 66 25 -5 -15 -23 -10 -2 -28 13 49 219
OPM % 1% 24% 3% -1% -2% -3% -1% -0% -4% 1% 3% 6%
1 147 799 775 802 796 679 701 615 995 1,109 1,240
Interest 19 270 819 794 733 767 690 763 416 348 530 826
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1
Profit before tax -18 -57 5 -25 54 6 -21 -65 170 659 627 631
Tax % 0% 0% 21% 0% 21% 0% 0% 0% 0% 10% 1% 10%
-18 -57 4 -25 42 6 -21 -65 170 595 618 571
EPS in Rs -0.16 -0.51 0.04 -0.22 0.39 0.05 -0.19 -0.59 1.53 5.33 5.14 4.75
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 29%
5 Years: 35%
3 Years: 70%
TTM: 75%
Compounded Profit Growth
10 Years: 28%
5 Years: 96%
3 Years: 50%
TTM: -2%
Stock Price CAGR
10 Years: 46%
5 Years: 3%
3 Years: 17%
1 Year: 43%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 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 -18 1,149 1,021 2,753 4,059 3,711 2,987 2,877 9,211 9,806 18,497 19,716
2,627 5,304 7,976 7,797 7,154 7,856 7,864 8,549 2,602 5,166 7,902 11,037
12 68 683 597 498 268 234 141 38 308 964 3,884
Total Liabilities 3,711 7,621 10,779 12,247 12,811 12,934 12,185 12,666 12,966 16,395 28,564 35,838
0 1 1 1 1 1 1 1 0 9 10 10
CWIP 0 0 0 0 0 0 0 0 8 4 30 35
Investments 3,683 3,686 3,815 3,783 6,958 5,984 6,203 6,681 6,721 9,030 13,207 15,394
28 3,934 6,964 8,463 5,852 6,948 5,981 5,984 6,237 7,352 15,318 20,399
Total Assets 3,711 7,621 10,779 12,247 12,811 12,934 12,185 12,666 12,966 16,395 28,564 35,838

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-11 57 -15 50 23 -17 -22 3 -15 -209 -955 442
-3,683 -3,747 -2,311 -246 -266 1,971 191 240 -1,665 -2,001 -9,164 -3,695
3,694 3,691 2,325 703 -234 -1,184 -961 -248 1,681 2,210 10,587 2,828
Net Cash Flow 0 2 -0 506 -477 770 -793 -6 0 -0 468 -425
Free Cash Flow -11 56 -14 50 22 -17 -22 2 -38 -215 -974 436
CFO/OP -3,309% 91% -40% -979% -312% 71% 378% -432% 67% -1,110% -1,949% 240%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 412 102 50 13 4 41 0 0 1 55 195 280
Inventory Days 5
Days Payable 163
Cash Conversion Cycle 412 102 50 13 4 41 0 0 1 55 195 122
Working Capital Days -41,485 -3,140 -250 -505 -473 250 -329 -214 -176 -77 -24 -55
ROCE % 0% 4% 9% 7% 7% 6% 5% 6% 5% 7% 5% 5%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Transformation Capacity
MVA

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Transmission Network Length
ckm
Distribution Loss (AEML)
%
Average System Availability
%
Energy Units Sold (AEML)
MU
Under Construction Transmission Pipeline
Rs Crore
Smart Metering Order Book
million units
Smart Meters Installed - Cumulative
million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
68.27% 73.22% 73.22% 73.22% 74.95% 69.94% 69.94% 69.94% 71.19% 71.19% 71.19% 72.72%
19.65% 17.74% 17.49% 17.49% 15.53% 18.66% 17.34% 17.58% 15.85% 13.06% 13.47% 12.23%
3.82% 3.87% 3.82% 3.80% 3.97% 5.38% 5.85% 6.33% 6.89% 9.97% 10.14% 10.24%
8.26% 5.17% 5.46% 5.49% 5.54% 6.03% 6.87% 6.16% 6.08% 5.79% 5.20% 4.81%
No. of Shareholders 4,26,1354,21,0574,76,6264,78,1254,93,6214,50,2835,49,5205,27,1375,00,9264,89,2484,37,5714,03,625

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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