Want to see IN:ADANIPOWER full AI Analyst Report?
Top Page
Adani Power Limited
(ADANIPOWER)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹190.00
▼(-7.90% Downside)
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 Growth
Strong 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 Slowdown
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Strong 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.
Read all positive factors
Adani Power Limited (ADANIPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.65T
Dividend YieldN/A
Average Volume (3M)1.28M
Price to Earnings (P/E)20.0
Beta (1Y)0.81
Revenue Growth8.20%
EPS Growth51.44%
CountryIN
Employees3,967
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)9.45
Shares Outstanding19,284,695,000
10 Day Avg. Volume927,971
30 Day Avg. Volume1,275,565
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 Target
₹259.00Price Target Upside25.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.97
Revenue Forecast (FY)₹648.46B
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 under contracted and market-based arrangements. A major revenue stream comes from long-term Power Purchase Agreements (PPAs) with state electricity distributi...
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 | 628.88B | 537.81B | 562.03B | 503.51B | 387.73B | 277.11B |
| Gross Profit | 236.08B | 184.27B | 242.08B | 204.48B | 119.67B | 112.33B |
| EBITDA | 255.73B | 234.31B | 214.56B | 182.54B | 102.32B | 99.46B |
| Net Income | 182.22B | 128.34B | 129.39B | 208.29B | 107.27B | 49.12B |
Balance Sheet | ||||||
| Total Assets | 1.66T | 1.42T | 1.13T | 923.25B | 858.21B | 819.81B |
| Cash, Cash Equivalents and Short-Term Investments | 159.01B | 84.18B | 71.58B | 33.48B | 9.61B | 9.70B |
| Total Debt | 630.61B | 546.70B | 394.95B | 346.16B | 421.81B | 487.44B |
| Total Liabilities | 872.63B | 758.78B | 552.45B | 491.80B | 559.46B | 632.78B |
| Stockholders Equity | 767.58B | 649.37B | 563.47B | 431.45B | 298.76B | 187.03B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -55.22B | 99.42B | 115.68B | 51.87B | 67.98B |
| Operating Cash Flow | 0.00 | 178.28B | 215.01B | 141.70B | 84.31B | 102.33B |
| Investing Cash Flow | 0.00 | -278.04B | -171.42B | 34.85B | 15.44B | 5.72B |
| Financing Cash Flow | 0.00 | 105.85B | -51.75B | -168.64B | -104.08B | -103.38B |
Adani Power Limited Technical Analysis
Neutral
206.30
Price Trends
200.11
Negative
208.94
Negative
191.38
Negative
Market Momentum
-4.03
Negative
47.50
Neutral
54.95
Neutral
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 206.3 is above the 20-day moving average (MA) of 191.70, above the 50-day MA of 200.11, and above the 200-day MA of 191.38, indicating a bearish trend. The MACD of -4.03 indicates Negative momentum. The RSI at 47.50 is Neutral, neither overbought nor oversold. The STOCH value of 54.95 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | ₹3.65T | 20.00 | ― | ― | 8.20% | 51.44% | |
56 Neutral | ₹1.65T | 43.72 | ― | ― | 32.55% | 64.40% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹916.74B | 38.67 | ― | 0.40% | 26.38% | 11.53% | |
53 Neutral | ₹591.00B | 25.44 | ― | 1.70% | 4.09% | -16.62% | |
52 Neutral | ₹1.10T | 28.52 | ― | 0.72% | -4.19% | -4.84% | |
48 Neutral | ₹73.99B | -23.59 | ― | 2.08% | 2.87% | -109.96% |
* General Sector Average
IN:ADANIPOWER
Adani Power Limited
189.40
31.50
19.95%
IN:ADANIENSOL
Adani Energy Solutions Ltd
1,345.55
359.50
36.46%
IN:JSWENERGY
JSW Energy Limited
500.00
-26.01
-4.94%
IN:RPOWER
Reliance Power Limited
17.89
-28.53
-61.46%
IN:TATAPOWER
Tata Power Company Limited
345.10
-57.45
-14.27%
IN:TORNTPOWER
Torrent Power Limited
1,172.85
-124.77
-9.62%
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 perf...
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 perfor...
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 ...
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. U...
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...
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 therm...
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 en...
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 Sol...
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 ra...
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 S...
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 mu...
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....
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.