1. India Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Adani Energy Solutions Ltd

Adani Energy Solutions Ltd

1,219.00
INR
-76.40
(-5.90%)
25.57EPS
61.81P/E
1.79TMarket Cap
Adani Energy Solutions Ltd
NSE:ADANIENSOL
(National Stock Exchange of India)

Recent

price

1,219.00

P/E

ratio

61.81

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
1.23
19.98
26.15
35.86
65.16
100.9
88.47
99.66
117.31
146.62
201.25
226.45
255.69
Revenue per Share
-0.06
3.35
3.79
10.39
5.08
6.42
11.13
10.95
11.28
10.2
9.05
19
24.13
Basic EPS, GAAP
-0.32
14.03
19.9
19.99
23.56
24.32
-1.53
-0.86
-8.31
5.45
-2.85
-28.6
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.01
- -
- -
0.77
- -
- -
- -
Dividend per Share
9.73
24.29
26.79
55.07
73.13
77.28
81.1
90.13
105.33
113.33
183.71
211.67
- -
Book Value per Share
6.88
21.44
23.88
52.15
58.8
62.47
66.39
74.73
90.11
98.09
169.42
197.15
- -
Tangible Book Value per Share
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,114
1,115
1,171
1,201
1,201
Basic Weighted Avg Shares
1,353
21,970
28,757
39,442
71,663
110,973
97,298
109,602
130,651
163,550
235,750
272,026
307,033
Sales/Revenue/Turnover
49.61
62.31
49.2
56.96
26.49
30.05
27.36
26.18
22.48
27.09
27.79
26.31
25.24
Operating Margin (%)
371
5,597
5,693
5,794
8,822
11,740
13,289
14,297
16,144
17,837
19,135
19,813
20,542
Depreciation Expense
-67
3,679
4,164
11,429
5,592
7,065
12,240
12,046
12,563
11,373
10,600
22,825
28,976
Net Income, GAAP
- -
23.34
21.71
22.34
44.67
49.05
26.19
25.64
25.43
32.6
16.65
24.78
19.43
Effective Tax Rate (%)
-4.99
16.75
14.48
28.98
7.8
6.37
12.58
10.99
9.62
6.95
4.5
8.39
9.44
Profit Margin (%)
-42,187
-26,690
-5,072
-5,783
-25,885
30,558
-18,571
-13,030
-743
839
36,638
23,795
- -
Working Capital
52,924
50,938
77,291
85,946
163,041
223,990
238,977
278,402
313,821
336,051
370,431
456,279
- -
LT Debt
10,703
26,718
29,465
60,565
80,429
95,611
100,229
110,065
128,758
137,031
230,113
265,256
- -
Total Equity
- -
9.52
9.54
12.29
4.81
5.47
5.48
5.44
4.98
6.11
7.42
7.84
- -
Return on Invested Capital (%)
- -
9.88
8.38
11.73
5.84
5.96
7.19
7.47
7.44
5.92
6.7
6.84
- -
Return on Capital (%)
- -
19.66
14.82
25.39
7.93
8.54
14.05
12.79
11.6
9.33
6.11
9.61
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
35,485
- -
LT Borrowings
- -
453,673
- -
LT Finance Leases
- -
2,606
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,201
1,201
1,201
Market Capitalization
1,234,138
1,123,079
1,791,593

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
178,258
- -
Cash, Cash Equivalents & STI
- -
50,036
- -
Accounts Receivable, Net
- -
36,203
- -
Inventories
- -
6,695
- -
Total Current Liabilities
- -
154,463
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
35,485
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.88%
23.28%
15.27%
Free Cash Flow
140.38%
289.36%
929.62%
Net Income, GAAP
33.79%
20.35%
115.34%
Sales/Revenue/Turnover
30.88%
23.31%
15.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
53,786
61,837
58,303
63,746
235,750
2026
68,193
- -
67,297
74,433
272,026
2027
97,111
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-7.39
6.09
4.85
5.5
9.05
2026
4.27
- -
4.6
5.69
19
2027
9.57
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Adani Power Limited (NSE:ADANIPOWER)
Business
Adani Energy Solutions Limited, established in 2016 and headquartered in Ahmedabad, India, operates primarily in power transmission and distribution across India. The company builds, owns, and operates high-voltage transmission networks including 132kV, 220kV, 400kV, and 765kV lines and substations, facilitating interstate and intrastate electricity connectivity. Its product and service portfolio includes urban and rural electrification, smart grid solutions, energy management services such as grid stability and real-time energy monitoring, and infrastructure for renewable energy transmission including solar and wind power corridors. The company also provides smart metering solutions on a Design-Build-Finance-Own-Operate-Transfer basis and trades commodities like bullion and agro products, alongside telecom solutions via optical ground wire fibers laid on transmission lines. Recently, Adani Energy Solutions expanded significantly with the incorporation of wholly owned subsidiaries such as Adani Electricity Kalyan Dombivli Limited, Adani Electricity Pune Limited, and Adani Electricity Vidharbha Limited to broaden its distribution network. The company commissioned three major transmission projects in 2025 and increased its capital expenditure notably in the first half of fiscal year 2026 to support growth. It progressed on a large-scale battery energy storage system project of 1,126 MW/3,530 MWh capacity at Khavda, Gujarat, one of the world's largest single-location battery storage initiatives, underscoring its focus on innovative energy storage. Additionally, Adani Energy Solutions continues strategic partnerships and alliances, notably with Adani Green Energy Limited and works closely on renewable integrations to support India's clean energy transition. The company serves over 12 million consumers in metropolitan Mumbai and Mundra SEZ, while actively pursuing new licenses in Navi Mumbai, Kutch, and western Uttar Pradesh, expanding its operational footprint. These developments reflect Adani Energy Solutions' commitment to enhancing power transmission and distribution infrastructure with a growing emphasis on renewable energy integration and smart energy management, positioning itself as a critical player in India's evolving energy sector.