1. India Stocks

  2. •

    Utilities

  3. •

    Independent Power Producers
Adani Power Limited

Adani Power Limited

ADANIPOWER.BO
Adani Power LimitedIN flagBombay Stock Exchange
219.55
INR
+3.25
- -
4.24TMarket Cap
Adani Power Limited
ADANIPOWER.BO
(Bombay Stock Exchange)

Recent

price

219.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1.96
3.75
5.66
11.05
13.09
17.05
13.03
10.51
12.36
13.7
13.56
14.34
19.72
25.95
29.11
28.08
27.8
Revenue per Share
0.47
-0.26
-1.92
-0.21
-0.57
0.37
-3.56
-1.09
-0.51
-1.18
0.66
2.55
5.56
10.8
6.71
6.66
6.23
Basic EPS, GAAP
-12.16
-8.67
-3.19
2.32
4.06
3.52
2.73
2.65
2.91
2.9
3.42
5.31
4.37
6
5.16
10.64
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.62
2.36
0.4
0.48
-0.12
0.58
-2.77
-3.57
-4.18
-5.68
-5.22
-2.97
2.25
12.21
18.48
24.43
- -
Book Value per Share
6.29
6.05
3.58
4.67
3.96
4.86
1.61
0.36
3.9
3.26
6.69
9.59
15.39
22.27
29.79
34.31
- -
Tangible Book Value per Share
10,900
10,900
11,966
13,986
14,360
14,956
17,321
19,285
19,285
19,285
19,285
19,285
19,285
19,285
19,285
19,285
19,916
Basic Weighted Avg Shares
21,352
40,898
67,748
154,499
187,962
254,982
225,713
202,718
238,434
264,127
261,510
276,549
380,230
500,511
561,318
541,522
553,566
Sales/Revenue/Turnover
49.97
21.83
-3.11
17.27
18.07
24.21
14.71
15.66
13.09
12.39
22.3
25.94
17.38
29.46
31.33
29.07
29.62
Operating Margin (%)
1,886
5,904
12,897
22,184
20,606
26,658
26,724
26,987
27,506
30,065
32,016
31,175
33,037
39,313
43,089
45,645
44,018
Depreciation Expense
5,136
-2,873
-22,950
-2,906
-8,156
5,508
-61,741
-21,030
-9,844
-22,748
12,700
49,116
107,266
208,288
129,388
128,343
124,108
Net Income, GAAP
36.89
86,717.65
- -
- -
- -
- -
- -
- -
- -
- -
44.51
25.32
- -
- -
22.07
16.31
22.46
Effective Tax Rate (%)
24.05
-7.02
-33.88
-1.88
-4.34
2.16
-27.35
-10.37
-4.13
-8.61
4.86
17.76
28.21
41.62
23.05
23.7
22.42
Profit Margin (%)
-25,239
-73,502
-105,618
-111,848
-73,448
-98,208
-121,422
-140,813
-49,573
-35,960
-10,850
-9,156
18,084
97,979
98,882
83,599
- -
Working Capital
216,878
295,848
331,916
331,315
349,214
354,176
366,506
345,598
364,103
446,592
399,682
378,112
336,220
265,536
286,024
437,274
- -
LT Debt
68,536
66,003
42,934
65,434
56,984
74,679
29,879
8,893
77,123
64,804
131,126
187,034
298,757
431,450
576,736
664,019
- -
Total Equity
2.86
-2,042.18
- -
- -
- -
- -
- -
- -
- -
- -
5.08
8.01
- -
- -
15.69
12
- -
Return on Invested Capital (%)
3.1
-1,710.64
- -
- -
- -
- -
- -
- -
- -
- -
8.88
18.28
- -
- -
23.12
16.91
53.02
Return on Capital (%)
11.89
-10.58
-150.29
-50.45
- -
- -
- -
- -
- -
- -
- -
- -
- -
149.46
43.73
31.02
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
107,539
- -
LT Borrowings
- -
275,084
- -
LT Finance Leases
- -
10,940
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
19,285
- -
Market Capitalization
2,122,963
2,040,808
2,333,348

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
263,292
- -
Cash, Cash Equivalents & STI
- -
14,807
- -
Accounts Receivable, Net
- -
130,221
- -
Inventories
- -
33,173
- -
Total Current Liabilities
- -
164,410
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
107,539
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
91.89%
39.12%
15.13%
Free Cash Flow
19.24%
33.37%
106.33%
Net Income, GAAP
-90.42%
92.12%
-0.81%
Sales/Revenue/Turnover
8.92%
16.7%
-3.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
110,055
129,906
129,914
130,635
500,511
2025
149,556
133,389
136,712
142,374
561,318
2026
141,092
124,514
142,231
- -
541,522

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.38
3.3
1.32
- -
10.8
2025
1.94
1.66
1.53
1.32
6.71
2026
1.72
1.29
2.08
- -
6.66

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Adani Power Limited generates and sells electricity primarily through coal-fired thermal power plants; it also operates solar power facilities and provides power transmission, distribution, and trading services. The company owns and operates key assets including the 4,620 MW Mundra Thermal Power Station in Gujarat; the 3,300 MW Tiroda Thermal Power Station in Maharashtra; the 1,320 MW Kawai Thermal Power Station in Rajasthan; the 1,200 MW Udupi Power Plant in Karnataka; and a 40 MW solar plant in Kutch, Gujarat, with total installed capacity exceeding 15,250 MW. It supplies power under long-term purchase agreements to state utilities in Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab, alongside ancillary services such as frequency support and voltage control. Founded in 1996 and headquartered in Ahmedabad, Gujarat, Adani Power Limited, a subsidiary of the Adani Group, maintains operations across India with plants in multiple states including Jharkhand and Madhya Pradesh. Recent developments include the acquisition of 1,200 MW from Moxie Power Generation Ltd in FY25, expanding consolidated capacity to 17,550 MW; the acquisition of Lanco Amarkantak Power in 2024; and a September 2025 agreement with Bihar State Power Generation Company Limited for a 25-year supply of 2.4 GW from a new $3 billion ultra-supercritical plant at Pirpainti, Bihar.