Adani Power Ltd

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

Adani Power Ltd

₹ 637 -1.06%
16 Sep - close price
adani.com BSE: 533096 NSE: ADANIPOWER
About

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. [1][2]

Key Points

Business Profile[1]
Adani Power operates under the broader Adani Group’s infrastructure and energy portfolio, which includes power generation, transmission, distribution, renewable energy, and international power exports. APL supplies power through long-term Power Purchase Agreements (PPAs) with state electricity boards and industrial consumers, while also engaging in merchant power sales with in-house coal logistics.

Website BSE NSE
  • Market Cap ₹ 2,45,822 Cr.
  • Current Price ₹ 637
  • High / Low ₹ 680 / 431
  • Stock P/E 22.5
  • Book Value ₹ 120
  • Dividend Yield 0.00 %
  • ROCE 23.7 %
  • ROE 27.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 105% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.3%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
12,613 6,927 7,635 9,507 8,511 10,337 10,217 12,238 11,394 10,264 12,042 12,201 12,462
7,537 5,902 6,028 7,896 5,985 5,690 6,749 7,784 7,439 6,646 7,169 7,868 7,238
Operating Profit 5,076 1,025 1,608 1,611 2,526 4,647 3,467 4,454 3,955 3,618 4,873 4,333 5,224
OPM % 40% 15% 21% 17% 30% 45% 34% 36% 35% 35% 40% 36% 42%
1,844 1,494 560 622 7,136 2,033 431 622 584 767 1,206 389 566
Interest 828 794 928 757 741 616 536 918 553 512 904 683 830
Depreciation 782 791 795 775 787 801 797 952 795 810 990 958 940
Profit before tax 5,310 934 444 701 8,133 5,262 2,564 3,206 3,191 3,063 4,185 3,082 4,020
Tax % 20% 1% 45% -592% 0% -26% 16% 25% 23% 21% 27% 23% 22%
4,222 928 245 4,851 8,133 6,625 2,160 2,399 2,455 2,409 3,035 2,359 3,119
EPS in Rs 10.95 2.41 0.64 12.58 21.09 17.18 5.60 6.22 6.36 6.25 7.87 6.12 8.09
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
10,725 10,487 12,730 10,868 8,121 2,404 1,005 447 27,711 36,681 46,456 49,711 46,969
7,147 8,025 9,189 9,604 7,233 2,417 1,044 408 17,807 27,321 29,747 30,089 28,921
Operating Profit 3,578 2,462 3,540 1,264 888 -13 -38 39 9,904 9,360 16,709 19,622 18,048
OPM % 33% 23% 28% 12% 11% -1% -4% 9% 36% 26% 36% 39% 38%
483 848 509 -3,180 1,957 1,065 -92 134 4,001 4,479 10,048 2,747 2,928
Interest 3,339 2,498 2,951 3,102 2,008 1,239 1,175 644 4,087 3,307 3,404 3,207 2,929
Depreciation 1,188 881 1,137 1,121 861 38 35 32 3,116 3,143 3,772 3,879 3,697
Profit before tax -465 -69 -39 -6,138 -24 -225 -1,341 -503 6,702 7,389 19,581 15,284 14,350
Tax % -228% 0% -345% -1% 0% 0% 0% -1% 25% -39% -0% 24%
595 -69 97 -6,054 -24 -225 -1,341 -499 5,036 10,246 19,632 11,560 10,923
EPS in Rs 2.07 -0.24 0.29 -15.70 -0.06 -0.58 -3.48 -1.29 13.06 26.57 50.90 29.97 28.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 118%
3 Years: 22%
TTM: 6%
Compounded Profit Growth
10 Years: 46%
5 Years: 105%
3 Years: 32%
TTM: -20%
Stock Price CAGR
10 Years: 39%
5 Years: 76%
3 Years: 18%
1 Year: -4%
Return on Equity
10 Years: 23%
5 Years: 34%
3 Years: 41%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2,872 2,872 3,334 3,857 3,857 3,857 3,857 3,857 3,857 3,857 3,857 3,857
Reserves 4,915 4,844 5,690 816 5,682 13,271 11,933 13,228 14,607 24,367 36,113 42,592
25,282 23,909 27,012 27,274 9,577 11,491 5,757 6,284 40,497 32,903 34,862 35,963
5,710 6,101 9,506 9,810 586 309 983 1,039 12,806 11,705 14,165 14,271
Total Liabilities 38,779 37,726 45,543 41,757 19,702 28,928 22,530 24,408 71,766 72,832 88,997 96,683
24,467 20,111 23,797 22,718 642 603 570 541 49,342 46,583 59,467 58,142
CWIP 146 48 39 68 0 0 0 1 184 188 742 2,994
Investments 4,916 5,627 7,662 7,740 7,768 17,157 18,216 19,359 4,834 6,373 1,980 4,330
9,250 11,940 14,045 11,231 11,292 11,168 3,744 4,508 17,406 19,687 26,808 31,218
Total Assets 38,779 37,726 45,543 41,757 19,702 28,928 22,530 24,408 71,766 72,832 88,997 96,683

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,386 2,393 1,869 659 -333 -167 95 -288 10,264 7,933 12,976 18,453
-31 -2,575 -3,236 -555 -3,565 -8,285 6,816 390 1,386 2,824 3,145 -10,811
-3,353 180 1,330 -95 3,845 8,457 -6,907 -105 -11,182 -11,138 -15,751 -8,041
Net Cash Flow 2 -2 -37 10 -52 4 3 -3 468 -381 370 -398

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 9 50 150 59 2 2 133 8 125 113 90 89
Inventory Days
Days Payable
Cash Conversion Cycle 9 50 150 59 2 2 133 8 125 113 90 89
Working Capital Days -309 -286 -312 -440 -211 -506 -1,105 -4,367 -30 6 18 17
ROCE % 9% 7% 9% 3% 2% 4% 3% 1% 26% 18% 34% 24%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
74.97% 74.97% 74.97% 74.97% 70.02% 71.75% 71.75% 72.71% 74.96% 74.96% 74.96% 74.96%
13.23% 12.88% 11.70% 11.95% 17.51% 15.86% 15.91% 14.73% 12.66% 12.34% 12.36% 12.46%
0.00% 0.00% 0.01% 0.04% 0.76% 1.18% 1.41% 1.42% 1.52% 1.60% 1.64% 1.76%
11.80% 12.15% 13.32% 13.04% 11.72% 11.20% 10.93% 11.14% 10.84% 11.09% 11.03% 10.82%
No. of Shareholders 14,76,87214,88,29517,90,67516,70,03615,03,34714,60,76714,26,24917,90,38417,42,78318,85,68418,91,23418,14,142

* 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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