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Adani Power Limited (ADANIPOWER) AI Stock Analysis

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IN:ADANIPOWER

Adani Power Limited

(NSE:ADANIPOWER)

Select Model
Rating:56Neutral
Price Target:INR 190.00â–²(0.32% Upside)
Action:reiterated
Date:08/06/26

The score is held back primarily by weakening FY2026 fundamentals (negative free cash flow and higher debt) and bearish technical signals (RSI/Stoch low with negative MACD and price below key short-term averages). Valuation also appears somewhat demanding with a 28.6 P/E and no dividend yield provided.

Positive Factors
Multi-year Revenue GrowthStrong revenue expansion across 2022–2025 indicates broad business growth and improving scale in the company’s generation portfolio. Although the latest year moderated, the multi-year record supports durable demand, operating relevance, and a larger base from which future earnings can develop.
Negative Factors
Recent Revenue and Profit SlowdownThe FY2026 reversal from earlier revenue growth and the decline in operating profit indicate that recent business momentum has weakened. If this normalization persists, lower operating earnings could reduce internal funding capacity and make it harder for the company to sustain prior profitability levels.

Adani Power Limited (ADANIPOWER) vs. iShares MSCI India ETF (INDA)

-20%0%20%40%60%IN:ADANIPOWER+19.53%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 3.64T
Dividend Yield
―
Average Volume (3M)
1.24M
Price to Earnings (P/E)
20.0
Beta (1Y)
0.81
Revenue Growth
8.20%
EPS Growth
51.44%
Country
India
Employees
3,967
Sector
General
Sector Strength
55
Industry
Independent Power Producers

Adani Power Limited Business Overview & Revenue Model

Company Description

Adani Power Limited is a prominent Indian enterprise focused on the production, transmission, and commercialization of electricity. The company's sales strategy incorporates a range of Power Purchase Agreements (PPAs), spanning long-term, medium-term...

How the Company Makes Money

Adani Power primarily makes money by selling electricity generated from its power plants under contracted and market-based arrangements. A major revenue stream comes from long-term Power Purchase Agreements (PPAs) with state electricity distribution...

Adani Power Limited Financial Statement Overview

Summary

Multi-year growth and profitability remain strengths (Income Statement score 72), but FY2026 shows a clear step-down with slightly lower revenue, weaker operating profit, higher debt (Balance Sheet score 64), and a swing to negative free cash flow (Cash Flow score 55). These recent-year pressures reduce confidence versus prior performance.

Income Statement

72Positive

Balance Sheet

64Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue628.88B537.81B562.03B503.51B387.73B277.11B
Gross Profit236.08B184.27B242.08B204.48B119.67B112.33B
EBITDA255.73B234.31B214.56B182.54B102.32B99.46B
Net Income182.22B128.34B129.39B208.29B107.27B49.12B
Balance Sheet
Total Assets1.66T1.42T1.13T923.25B858.21B819.81B
Cash, Cash Equivalents and Short-Term Investments159.01B84.18B71.58B33.48B9.61B9.70B
Total Debt630.61B546.70B394.95B346.16B421.81B487.44B
Total Liabilities872.63B758.78B552.45B491.80B559.46B632.78B
Stockholders Equity767.58B649.37B563.47B431.45B298.76B187.03B
Cash Flow
Free Cash Flow0-55.22B99.42B115.68B51.87B67.98B
Operating Cash Flow0178.28B215.01B141.70B84.31B102.33B
Investing Cash Flow0-278.04B-171.42B34.85B15.44B5.72B
Financing Cash Flow0105.85B-51.75B-168.64B-104.08B-103.38B

Adani Power Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price189.40

Price Trends

50DMA199.81Negative
100DMA208.57Negative
200DMA191.59Negative

Market Momentum

MACD-3.72Negative
RSI45.75Neutral
STOCH57.93Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIPOWER, the sentiment is Neutral. The current price of 189.40 is below the 20-day moving average (MA) of 190.98, below the 50-day MA of 199.81, and below the 200-day MA of 191.59, indicating a bearish trend. The MACD of -3.72 indicates Negative momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 57.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ADANIPOWER.

Adani Power Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:ADANIPOWER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:TORNTPOWERIN:TORNTPOWER57NeutralINR 591.00B25.44―1.70%4.09%-16.62%
IN:ADANIPOWERIN:ADANIPOWER56NeutralINR 3.65T20.00――8.20%51.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:JSWENERGYIN:JSWENERGY53NeutralINR 916.74B38.67―0.40%26.38%11.53%
IN:ADANIENSOLIN:ADANIENSOL52NeutralINR 1.65T43.72――32.55%64.40%
IN:RPOWERIN:RPOWER49NeutralINR 73.99B-23.59――2.87%-109.96%
IN:TATAPOWERIN:TATAPOWER46NeutralINR 1.10T28.52―0.72%-4.19%-4.84%

* General Sector Average

Performance Comparison

-50%0%50%IN:ADANIPOWERIN:ADANIENSOLIN:JSWENERGYIN:RPOWERIN:TATAPOWERIN:TORNTPOWERDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:ADANIPOWER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:ADANIPOWERAdani Power Limited189.4032.7020.87%
IN:ADANIENSOLAdani Energy Solutions Ltd1345.55350.9535.29%
IN:JSWENERGYJSW Energy Limited500.00-31.74-5.97%
IN:RPOWERReliance Power Limited17.89-26.01-59.25%
IN:TATAPOWERTata Power Company Limited345.10-60.78-14.98%
IN:TORNTPOWERTorrent Power Limited1172.85-152.43-11.50%

Adani Power Limited Corporate Events

Adani Power Publishes Audio of Post-Results Investor Call

Oct 26, 2026

Adani Power Limited has released an audio recording of its post-results update call held with analysts and investors on October 26, 2026. The company has provided a public web link to the recording, enhancing transparency around its financial perform...

Adani Power Releases Q2 FY27 Earnings Presentation Ahead of Investor Call

Oct 25, 2026

Adani Power Limited has notified the stock exchanges that it has released an earnings presentation ahead of its post-results conference call scheduled for October 26, 2026. The presentation, relating to the company’s Q2 FY27 financial performan...

Adani Power Sets October 26 Earnings Call for Q2 FY27

Oct 19, 2026

Adani Power Limited has scheduled an earnings conference call for research analysts and institutional investors to discuss its second-quarter FY27 results on October 26, 2026, at 11:30 a.m. IST. The call underscores the company’s engagement wit...

Adani Power to Co-Develop 770 MW Hydropower Project in Bhutan with Druk Green

Oct 6, 2026

Adani Power Limited has signed a shareholders’ agreement with Bhutan’s state-owned Druk Green Power Corp. to develop the 770 MW Chamkharchhu Hydropower Project in Thimphu, marking a significant cross-border expansion into hydropower. Unde...

Adani Power settles SEBI proceedings with no material financial impact

Sep 28, 2026

Adani Power Limited has disclosed that India’s securities regulator SEBI has issued a settlement order in relation to alleged violations of public shareholding and listing-related norms by the company and certain current and former directors. T...

Adani Power Completes Amalgamation of Ten Wholly Owned Subsidiaries

Sep 25, 2026

Adani Power Limited has announced that the National Company Law Tribunal benches in Ahmedabad and Mumbai have sanctioned a Scheme of Amalgamation involving ten wholly owned subsidiaries with the parent company. These entities include several thermal...

Adani Power Denies Report of Plan to Acquire 51% Stake in JP Power

Sep 18, 2026

Adani Power Limited has formally denied a recent media report claiming the company is seeking to acquire a 51% stake in JP Power by the end of 2026. In filings to the BSE and NSE, the company stated that the article published on Moneycontrol is entir...

Adani Power Transfers 2,500 MW Renewable RTC Contract to Group Subsidiary

Sep 8, 2026

Adani Power Limited has assigned its 2,500 MW renewable energy round-the-clock power supply contract with Maharashtra State Electricity Distribution Co. Limited to Powerpulse Trading Solutions Limited, a wholly owned subsidiary of Adani Energy Soluti...

Adani Power Tops Thermal Peers in NSE Sustainability ESG Ratings

Sep 7, 2026

Adani Power Limited has been recognized by NSE Sustainability for outstanding Environmental, Social, and Governance performance, achieving a score of 66 and retaining its position in the “Aspiring” category. The company continues to rank...

Adani Power Releases USD Investor Presentation for Global Stakeholders

Aug 22, 2026

Adani Power Limited has released a USD-denominated version of its investor presentation for August 2026, aimed at enhancing accessibility for global investors and analysts. The company has submitted this presentation to both BSE and the National Stoc...

CARE Ratings lifts Adani Power to AA+ on stronger performance and cash flows

Aug 18, 2026

CARE Ratings has upgraded Adani Power Limited’s long-term bank facilities and long-term/short-term bank facilities to CARE AA+; Stable and CARE AA+; Stable / CARE A1+ respectively, while also upgrading and assigning AA+; Stable ratings to multi...

Adani Power Wins NCLT Nod to Merge Key Subsidiaries

Aug 5, 2026

Adani Power Limited has received sanction from the National Company Law Tribunal, Ahmedabad bench, for its Scheme of Amalgamation involving nine wholly owned subsidiaries, including generation and fuel management entities, into the parent company. Th...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026