Adani Energy Solutions Ltd logo

Adani Energy Solutions Ltd

ADANIENSOL NSE

Key Fundamentals

LargecapPower DistributionPower
Market Cap
1.9L Cr
Volatility
Moderate
P/E Ratio
65.97
EBITDA
₹9,822 Cr
Return on Equity
9.02%
Debt to Equity
1.93
Book Value
₹236.54
EPS
₹12.54
52W High
₹1,789
52W Low
₹744.9

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 28.0% of last 10 years

Weaknesses

3
  • Stock is trading at 7.57 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.5% over last 3 years.

Growth Rate

Revenue Growth
15.87% ↘
Net Income Growth
159.61% ↗
Cash Flow Change
21.58% ↗
ROE
124.94% ↗
ROCE
28.80% ↘
EBITDA Margin (Avg.)
-6.73% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Adani Energy Solutions Ltd has a market cap of ₹1,92,205 Cr with a PE of 63.4x and trades at 6.77x book value. The company has delivered strong compounded sales growth of 29% over 10 years and profit growth of 20% over the same period, but carries a relatively low ROE of 9-10% and pays no dividend.

Bull Case 8
  • Compounded sales growth of 29% over 10 years demonstrates sustained top-line expansion in India's growing power transmission sector
  • TTM revenue growth of 21% indicates continued momentum in recent quarters
  • Compounded profit growth of 20% over 10 years shows consistent earnings delivery alongside revenue growth
  • Stock CAGR of 103% over 1 year reflects strong market re-rating and investor confidence in the transmission capex cycle
  • 3-year compounded sales growth of 28% exceeds 5-year average of 23%, suggesting accelerating revenue trajectory
  • TTM profit growth of 22% outpaces the 5-year CAGR of 13%, indicating improving profitability in recent periods
  • Median sales growth of 28% over last 10 years highlights consistency of revenue delivery across market cycles
  • Market cap of ₹1,92,205 Cr positions the company as a large-cap play in the critical power transmission infrastructure space
Bear Case 8
  • PE ratio of 63.4x is significantly elevated compared to broader market averages, pricing in substantial future growth
  • Price-to-book of 6.77x (reported as high as 7.55x) implies a steep premium over asset value for a capital-intensive utility business
  • 3-year average ROE of only 10% is modest given the premium valuation, suggesting capital is not being deployed at high returns
  • Zero dividend yield despite repeated profitability means shareholders receive no income return on a richly valued stock
  • Last year ROE declined to 9% from the 3-year average of 10% and 5-year average of 11%, indicating a downward trend in return ratios
  • 5-year stock CAGR of only 10% versus 1-year return of 103% suggests the recent rally is sharp and concentrated, raising mean-reversion risk
  • 5-year compounded profit CAGR of 13% lags the 10-year CAGR of 20%, indicating a period of slower earnings growth in the medium term
  • High debt-intensive business model typical of transmission utilities, combined with unavailable debt-to-equity data, limits visibility on leverage risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 7h ago
Positives 4
  • Q1 net profit surges 129% YoY Jul 21

    Consolidated net profit rose to ₹1,236.56 crore in Q1FY26, with revenue from operations increasing 42% YoY to ₹9,711.08 crore.

  • ₹10,000 crore capital raise approved Jul 25

    Shareholders approved a special resolution at the EGM on July 25 to raise up to ₹10,000 crore via QIP or other modes, with 99.99% voting support.

  • ₹8,500 crore Andhra transmission win Jul 24

    AESL secured a ₹8,500 crore transmission contract in Andhra Pradesh adding 1,582 ckm of lines and 10,500 MVA capacity, pushing total orderbook past ₹80,000 crore.

  • Vizag Power acquisition for hydrogen Aug 14

    Acquired 100% equity of Vizag Power Transmission Limited via SPA to support green hydrogen projects catering to 4,500 MW demand in Vizag.

Neutral 2
  • Mumbai HVDC analyst site visit Aug 18

    Adani Energy Solutions will host an in-person site visit to its Mumbai HVDC facility for analysts and investors on August 21, 2026.

  • Investor conferences in Mumbai Aug 7

    Company scheduled interactions at Emkay Confluence 2026 and Motilal Oswal Global Investor Conference on August 12, 17, and 18, plus a sell-side analyst meet on August 3.

TL;DR: Adani Energy Solutions is executing strongly with 129% profit growth, a massive ₹80,000 crore+ orderbook, and shareholder-backed capital raise of ₹10,000 crore for future expansion. The Vizag acquisition and Andhra project win reinforce its positioning in green energy transmission. No material headwinds are visible in recent news flow. The trend is clearly improving with robust earnings, order inflows, and capital readiness to fund growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,664
3,674
4,563
4,707
5,379
6,184
5,830
6,375
6,819
6,596
6,730
7,443
9,711
Expenses
2,395
2,324
3,092
3,141
3,728
4,469
4,170
4,335
5,009
4,640
4,734
5,298
6,703
Operating Profit
1,269
1,350
1,471
1,566
1,651
1,715
1,661
2,040
1,811
1,955
1,995
2,145
3,008
OPM %
35%
37%
32%
33%
31%
28%
28%
32%
27%
30%
30%
29%
31%
Other Income
108
93
262
204
-1,395
176
170
222
206
171
215
227
170
Interest
616
641
760
750
811
813
809
826
894
872
913
954
1,152
Depreciation
419
432
458
468
498
484
462
462
465
509
496
508
585
PBT
343
370
515
552
-1,053
594
559
974
658
746
801
910
1,441
Tax %
47%
23%
32%
31%
13%
-30%
-12%
27%
18%
25%
28%
21%
14%
Net Profit
182
284
348
381
-1,191
773
625
714
539
557
574
723
1,237
EPS in Rs
1.57
2.47
2.91
3.24
-7.39
5.62
4.68
5.39
4.27
4.44
4.6
5.69
9.57
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
131
2,194
2,876
3,944
7,305
11,416
9,926
11,258
13,293
16,607
23,767
27,588
30,480
Expenses
29
267
893
1,118
4,528
7,158
5,976
7,051
8,775
10,896
16,701
19,583
21,376
Operating Profit
101
1,927
1,983
2,826
2,778
4,258
3,950
4,206
4,518
5,711
7,067
8,005
9,104
OPM %
78%
88%
69%
72%
38%
37%
40%
37%
34%
34%
30%
29%
30%
Other Income
3
70
22
111
336
261
1,115
1,286
1,583
611
-827
721
783
Interest
73
957
904
886
1,391
2,238
2,117
2,365
2,781
2,767
3,259
3,633
3,891
Depreciation
37
560
569
579
882
1,174
1,329
1,427
1,608
1,776
1,906
1,978
2,099
PBT
-5
480
532
1,472
840
1,107
1,620
1,700
1,712
1,780
1,075
3,115
3,898
Tax %
34%
23%
22%
22%
33%
36%
20%
27%
25%
33%
14%
23%
—
Net Profit
-7
368
416
1,143
559
706
1,290
1,236
1,281
1,196
922
2,393
3,090
EPS in Rs
-0.06
3.35
3.79
10.39
5.08
6.74
11.13
10.95
11.26
10.2
8.82
19
24.3
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,090
1,100
1,100
1,100
1,100
1,100
1,100
1,100
1,115
1,115
1,201
1,201
Reserves
-7
1,572
1,847
4,957
6,943
7,399
7,819
8,813
10,634
11,526
20,867
24,226
Borrowings
9,701
8,585
8,975
10,428
20,137
24,246
27,095
29,902
34,270
37,070
39,926
49,176
Other Liabilities
708
489
890
781
4,379
6,966
7,219
7,650
7,913
8,827
11,908
18,153
Total Liabilities
11,492
11,746
12,811
17,265
32,558
39,711
43,234
47,464
53,932
58,538
73,902
92,757
Fixed Assets
10,573
10,060
9,853
9,291
24,412
24,924
26,987
30,272
32,645
38,920
39,555
46,804
CWIP
10
258
1,343
2,353
694
2,212
5,255
5,060
6,200
3,003
5,702
2,054
Investments
0
20
105
0
336
313
442
561
1,370
766
2,638
2,644
Other Assets
909
1,407
1,510
5,621
7,117
12,262
10,550
11,572
13,716
15,849
26,007
41,256
Total Assets
11,492
11,746
12,811
17,265
32,558
39,711
43,234
47,464
53,932
58,538
73,902
92,757
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-35
1,544
2,189
2,198
2,591
5,437
3,784
4,097
3,777
6,038
9,045
10,997
Investing
-1,864
-816
-1,730
-3,192
-3,050
-5,643
-4,009
-3,936
-4,699
-4,943
-15,222
-14,083
Financing
1,902
-722
-455
1,589
38
1,250
-745
-235
923
-543
7,626
2,630
Net Cash Flow
3
6
4
596
-421
1,045
-969
-75
2
551
1,448
-456
Free Cash Flow
-228
810
829
1,237
1,393
2,675
-168
-94
-925
608
-334
-3,435
CFO/OP
-20
84
119
89
100
132
102
104
89
111
131
143
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
1,255
30
24
24
36
32
37
35
39
82
65
76
Cash Conversion Cycle
1,255
30
24
24
36
32
37
35
39
82
65
76
Working Capital Days
-11,796
-473
-128
-115
-175
14
-122
-97
-78
-57
-34
-50
ROCE %
1%
13%
12%
17%
10%
11%
11%
10%
10%
9%
10%
10%

Shareholding Pattern

As of Jul 2026
Promoters 73.39%
DIIs 13.04%
FIIs 10.31%
Public 2.50%
Others 0.76%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Aug 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
74.92%
74.92%
74.92%
74.92%
74.92%
73.87%
73.87%
74.19%
71.65%
68.28%
73.22%
73.22%
73.22%
74.94%
69.59%
69.94%
69.94%
69.94%
71.19%
71.19%
71.19%
72.73%
74.71%
73.39%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17.73%
17.49%
17.49%
15.54%
19.23%
18.66%
17.33%
17.58%
15.85%
13.05%
13.47%
12.23%
10.13%
10.31%
DIIs
2.54%
2.53%
2.54%
2.92%
3.22%
3.43%
3.59%
3.77%
3.80%
3.82%
3.87%
3.83%
3.80%
3.97%
5.34%
5.38%
5.85%
6.33%
6.89%
9.96%
10.14%
10.25%
11.76%
13.04%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
1.67%
1.36%
1.19%
1.09%
1.03%
1.05%
0.97%
1.08%
1.76%
2.99%
3.14%
3.42%
3.46%
3.52%
3.28%
3.62%
4.39%
3.94%
3.75%
3.61%
3.08%
2.72%
2.62%
2.50%
Others
20.87%
21.19%
21.35%
21.07%
20.83%
21.66%
21.57%
20.96%
22.79%
24.91%
2.03%
2.04%
2.03%
2.03%
2.56%
2.41%
2.48%
2.21%
2.32%
2.18%
2.12%
2.07%
0.77%
0.76%
No. of Shareholders
75,433
1,27,137
1,13,375
95,731
88,941
1,25,733
1,27,095
1,52,432
3,22,851
4,26,135
4,21,057
4,76,626
4,78,125
4,93,621
4,54,140
4,50,283
5,49,520
5,27,137
5,00,926
4,89,248
4,37,571
4,03,625
3,85,315
3,76,377

Documents

1
Concall - Oct 2020 Oct 2020
2
Concall - Nov 2020 Nov 2020
3
Concall - Feb 2021 Feb 2021
4
Concall - Feb 2021 Feb 2021
5
Concall - Feb 2021 Feb 2021

Frequently Asked Questions about Adani Energy Solutions Ltd

What does Adani Energy Solutions Ltd do?
AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company.[1]
Where is Adani Energy Solutions Ltd (ADANIENSOL) listed?
Adani Energy Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: ADANIENSOL and BSE: 539254. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Adani Energy Solutions Ltd belong to?
Adani Energy Solutions Ltd operates in the Power sector within the Power Distribution industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Adani Energy Solutions Ltd?
Adani Energy Solutions Ltd has a market capitalisation of approximately ₹191916.91 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Adani Energy Solutions Ltd?
The Price-to-Earnings (PE) ratio of Adani Energy Solutions Ltd is 65.97. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Adani Energy Solutions Ltd?
Over the past 52 weeks, Adani Energy Solutions Ltd has traded between a low of ₹744.9 and a high of ₹1,789. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Adani Energy Solutions Ltd?
Adani Energy Solutions Ltd has a Return on Equity (ROE) of 9.02%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Adani Energy Solutions Ltd on Tapetide?
On Tapetide, you can view Adani Energy Solutions Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company.[1]

Website adanienergysolutions.com
CEO Mr. Gautambhai Shantilal Adani S.Y. B.Com
Employees 4,191
Listed 2015-07-31
Face Value ₹ 10
Issued Size 1,20,12,82,642

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