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Adani Power Limited
(ADANIPOWER)
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Rating:56Neutral
Price Target:
₹214.00
▲(3.73% 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
Contracted revenue visibility
Adani Power's core model relies on long-term Power Purchase Agreements and contracted supply, providing durable revenue visibility and stable cash flows. This structure reduces reliance on short-term merchant pricing, supports predictable capacity payments, and underpins debt servicing and project planning over multi-year horizons.
Negative Factors
FY2026 profit step-down
The step-down in FY2026 revenue and operating profit signals weakening operating momentum that can persist if structural drivers (fuel costs, dispatch volumes, tariffs) remain adverse. Sustained profit erosion reduces retained earnings available for capex and deleveraging, pressuring medium-term financial flexibility and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted revenue visibility
Adani Power's core model relies on long-term Power Purchase Agreements and contracted supply, providing durable revenue visibility and stable cash flows. This structure reduces reliance on short-term merchant pricing, supports predictable capacity payments, and underpins debt servicing and project planning over multi-year horizons.
Read all positive factors
Adani Power Limited (ADANIPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.99T
Dividend YieldN/A
Average Volume (3M)1.12M
Price to Earnings (P/E)28.0
Beta (1Y)0.76
Revenue Growth1.22%
EPS Growth14.86%
CountryIN
Employees3,967
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)7.39
Shares Outstanding19,284,695,000
10 Day Avg. Volume1,517,354
30 Day Avg. Volume1,121,826
Financial Highlights & Ratios
PEG Ratio9.17
Price to Book (P/B)4.49
Price to Sales (P/S)5.42
P/FCF Ratio-52.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.6
Revenue Forecast (FY)₹630.76B
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-t...
How the Company Makes Money
Adani Power primarily makes money by selling electricity generated from its power plants. Its main revenue streams typically include: (1) contracted power sales under long-term Power Purchase Agreements (PPAs), where electricity is supplied to dis...
Adani Power Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 589.80B | 537.81B | 562.03B | 503.51B | 387.73B | 277.11B |
| Gross Profit | 227.48B | 184.27B | 242.08B | 204.48B | 119.67B | 112.33B |
| EBITDA | 257.68B | 234.31B | 213.88B | 182.16B | 102.03B | 99.19B |
| Net Income | 142.55B | 128.34B | 129.39B | 208.29B | 107.27B | 49.12B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.42T | 1.13T | 923.25B | 858.21B | 819.81B |
| Cash, Cash Equivalents and Short-Term Investments | 24.36B | 84.18B | 71.58B | 33.48B | 9.61B | 9.70B |
| Total Debt | 0.00 | 546.70B | 394.95B | 346.16B | 421.81B | 487.44B |
| Total Liabilities | -664.02B | 758.78B | 552.45B | 491.80B | 559.46B | 632.78B |
| Stockholders Equity | 664.02B | 649.37B | 563.47B | 431.45B | 298.76B | 187.03B |
Cash Flow | ||||||
| Free Cash Flow | 43.31B | -55.22B | 99.42B | 115.68B | 51.87B | 67.98B |
| Operating Cash Flow | 149.39B | 178.28B | 215.01B | 141.70B | 84.31B | 102.33B |
| Investing Cash Flow | -130.74B | -278.04B | -171.42B | 34.85B | 15.44B | 5.72B |
| Financing Cash Flow | 24.98B | 105.85B | -51.75B | -168.64B | -104.08B | -103.38B |
Adani Power Limited Technical Analysis
Negative
206.30
Price Trends
211.83
Negative
217.66
Negative
182.24
Positive
Market Momentum
-1.35
Negative
45.75
Neutral
45.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIPOWER, the sentiment is Negative. The current price of 206.3 is above the 20-day moving average (MA) of 206.09, below the 50-day MA of 211.83, and above the 200-day MA of 182.24, indicating a neutral trend. The MACD of -1.35 indicates Negative momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 45.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ADANIPOWER.
Adani Power Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹1.72T | 57.98 | ― | ― | 20.91% | 21.81% | |
56 Neutral | ₹3.99T | 28.04 | ― | ― | 1.22% | 14.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹988.25B | 48.20 | ― | 0.38% | 35.37% | -10.03% | |
53 Neutral | ₹653.13B | 28.24 | ― | 1.57% | 4.09% | -16.62% | |
52 Neutral | ₹1.18T | 30.41 | ― | 0.68% | -4.19% | -4.84% | |
43 Neutral | ₹91.36B | -29.20 | ― | 2.08% | 2.87% | -109.96% |
* General Sector Average
IN:ADANIPOWER
Adani Power Limited
204.75
78.00
61.54%
IN:ADANIENSOL
Adani Energy Solutions Ltd
1,390.00
613.95
79.11%
IN:JSWENERGY
JSW Energy Limited
529.90
21.53
4.24%
IN:RPOWER
Reliance Power Limited
21.96
-24.12
-52.34%
IN:TATAPOWER
Tata Power Company Limited
365.00
-15.99
-4.20%
IN:TORNTPOWER
Torrent Power Limited
1,275.35
32.42
2.61%
Adani Power Limited Corporate Events
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....
Adani Power uploads Q1 FY27 earnings presentation ahead of investor call
Jul 22, 2026
Adani Power Limited has released an investor presentation ahead of its earnings conference call scheduled for July 23, 2026, at 12:00 noon IST. The presentation, covering the company’s first-quarter FY27 performance, has been circulated to t...
Adani Power Sets Board Meet and Investor Call for Q1 FY27 Results
Jun 27, 2026
Adani Power Limited has scheduled a meeting of its board of directors on July 22, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. In line with securities regulations and its...
Adani Power Sets Board Meet for Q1 Results, Closes Trading Window
Jun 27, 2026
Adani Power Limited has scheduled a meeting of its Board of Directors on July 22, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company will also host investor an...
Adani Power Completes Acquisition of Jaiprakash Associates’ Power Assets
May 21, 2026
Adani Power Limited has completed the acquisition of key power-related assets and investments from Jaiprakash Associates Limited, including a 24% stake in listed entity Jaiprakash Power Ventures Limited and a 180 MW thermal power plant at Churk. T...
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.