Adani Power Ltd

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

Adani Power Ltd

₹ 525 -1.29%
02 May - 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 ₹ 2,02,605 Cr.
  • Current Price ₹ 525
  • High / Low ₹ 897 / 431
  • Stock P/E 15.9
  • Book Value ₹ 146
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE 25.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 65.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.2%

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

Sector: Power Generation & Distribution Industry: Power Generation And Supply

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
10,598 13,723 7,044 7,764 10,242 11,006 12,991 12,991 13,364 14,956 13,339 13,671 14,237
5,366 8,003 6,096 6,295 8,335 7,491 7,819 8,346 8,514 8,761 8,063 8,648 9,425
Operating Profit 5,232 5,720 948 1,470 1,907 3,514 5,171 4,645 4,850 6,194 5,276 5,023 4,813
OPM % 49% 42% 13% 19% 19% 32% 40% 36% 36% 41% 40% 37% 34%
2,710 1,786 1,402 526 553 7,103 1,945 364 518 518 724 1,162 298
Interest 1,035 823 818 946 746 883 888 797 820 811 807 957 765
Depreciation 774 816 833 838 817 935 1,004 1,002 990 996 1,059 1,170 1,085
Profit before tax 6,133 5,866 699 212 898 8,800 5,224 3,210 3,558 4,906 4,134 4,059 3,261
Tax % 24% 19% 0% 96% -484% 0% -26% 15% 23% 20% 20% 28% 20%
4,645 4,780 696 9 5,242 8,759 6,594 2,738 2,737 3,913 3,298 2,940 2,599
EPS in Rs 12.04 12.39 1.80 0.02 13.59 22.71 17.10 7.10 7.10 10.14 8.64 7.93 6.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
15,328 18,683 25,377 22,616 20,304 23,884 26,468 26,221 27,711 38,773 50,351 56,203
10,735 14,005 16,575 16,635 14,868 18,901 20,734 17,533 17,830 28,677 32,124 34,898
Operating Profit 4,593 4,678 8,802 5,980 5,436 4,983 5,734 8,688 9,881 10,096 18,228 21,305
OPM % 30% 25% 35% 26% 27% 21% 22% 33% 36% 26% 36% 38%
137 1,188 -201 -3,666 754 2,448 323 1,909 3,908 4,216 9,883 2,703
Interest 4,162 4,864 5,560 5,902 5,570 5,657 5,315 5,106 4,095 3,334 3,388 3,340
Depreciation 1,937 1,818 2,666 2,672 2,699 2,751 3,006 3,202 3,118 3,304 3,931 4,309
Profit before tax -1,370 -816 375 -6,260 -2,079 -976 -2,265 2,289 6,577 7,675 20,792 16,360
Tax % -79% 0% -47% -1% -0% 1% 0% 45% 25% -40% -0% 22%
-291 -816 551 -6,174 -2,103 -984 -2,275 1,270 4,912 10,727 20,829 12,750
EPS in Rs -1.01 -2.84 1.65 -16.01 -5.45 -2.55 -5.90 3.29 12.73 27.81 54.00 33.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 27%
TTM: 12%
Compounded Profit Growth
10 Years: 28%
5 Years: 65%
3 Years: 37%
TTM: -39%
Stock Price CAGR
10 Years: 28%
5 Years: 75%
3 Years: 23%
1 Year: -14%
Return on Equity
10 Years: 28%
5 Years: 37%
3 Years: 40%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3,671 2,853 4,134 -857 -2,968 3,855 2,624 9,256 14,600 26,019 39,288 52,490
44,150 44,742 52,729 52,484 52,835 46,980 55,199 52,519 49,145 42,350 34,616 39,495
8,045 8,008 15,597 16,027 15,804 13,293 13,346 13,175 14,379 13,596 14,248 17,076
Total Liabilities 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 92,009 112,918
46,365 45,080 56,941 54,391 52,137 50,419 55,846 52,851 53,274 51,451 63,016 69,297
CWIP 3,660 191 88 125 120 350 2,347 6,439 10,270 12,880 925 12,104
Investments 115 357 0 164 0 3 3 20 183 654 374 1,097
8,599 12,846 18,765 16,831 17,271 17,213 16,830 19,495 18,254 20,836 27,694 30,418
Total Assets 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 92,009 112,918

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,238 5,824 5,257 4,725 5,101 5,610 5,598 7,014 10,233 8,431 14,170 21,501
-4,700 -4,737 -2,692 -1,212 -520 -984 -2,304 -2,188 774 1,545 3,481 -17,142
1,631 -1,144 -2,713 -3,539 -4,600 -4,663 -2,377 -5,655 -10,338 -10,408 -16,864 -5,175
Net Cash Flow 169 -58 -148 -26 -19 -37 917 -828 669 -433 787 -816

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 37 68 179 124 109 131 115 165 126 109 85 85
Inventory Days
Days Payable
Cash Conversion Cycle 37 68 179 124 109 131 115 165 126 109 85 85
Working Capital Days -131 -38 40 -5 -7 18 31 136 98 74 73 94
ROCE % 6% 7% 11% 6% 6% 9% 7% 12% 16% 16% 32% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.97% 74.97% 74.97% 74.97% 74.97% 70.02% 71.75% 71.75% 72.71% 74.96% 74.96% 74.96%
12.56% 13.23% 12.88% 11.70% 11.95% 17.51% 15.86% 15.91% 14.73% 12.66% 12.34% 12.36%
5.00% 0.00% 0.00% 0.01% 0.04% 0.76% 1.18% 1.41% 1.42% 1.52% 1.60% 1.64%
7.47% 11.80% 12.15% 13.32% 13.04% 11.72% 11.20% 10.93% 11.14% 10.84% 11.09% 11.03%
No. of Shareholders 15,02,71314,76,87214,88,29517,90,67516,70,03615,03,34714,60,76714,26,24917,90,38417,42,78318,85,68418,91,234

* 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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