ADANIENSOL · NSE
Adani Energy Solutions Limited
₹1,436.1
+3.55% (+₹49.3)
Prev. close
₹1,386.8
Volume
21,45,921
Delivery %
53.0%
As of
18 Sept 2026
Price history
Macquarie Analysis · Macquarie Capital Securities · 11 Jun 2026
“Bearish on Adani Energy Solutions with a 6% potential to Rs 1,450 per share, driven by weak industrial activity and emerging high-load segments.”
Published mid-session at 11:59 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Adani Energy Solutions, noting a firm trend build-up since the year's start, indicating possible accumulation…” | Akshay BhagwatJM Financial Services | Adani Energy Solutions | MISS |
Fundamentals
About Adani Energy Solutions Limited
Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission; Distribution; Smart Meter; Trading; and Others segments. The company is involved in the establishment, commission, setting up, operation, and maintenance of electric power transmission systems; development, ownership, and operation of transmission lines; trade of bullion and other commodities; and laying of optical ground wire fibers on transmission lines to telecom solutions to telecom companies, internet service providers, and long-distance communication operators. It also provides electricity meters to optimize real-time insights of electricity usage. The company was formerly known as Adani Transmission Limited and changed its name to Adani Energy Solutions Limited in July 2023. The company was incorporated in 2013 and is headquartered in Ahmedabad, India. Adani Energy Solutions Limited operates as a subsidiary of S.B. Adani Family Trust.
Details
Sector
Utilities
Industry
Utilities - Independent Power Producers
CEO
Mr. Kandarp Patel
Headquarters
Ahmedabad
Employees
3,514
Website
adanienergysolutions.comExchange
View on NSE ↗Key stats
Market cap
₹1.76 L Cr
P/E ratio (TTM)
59.2
EPS (TTM)
₹24.27
Beta (1Y · daily vs NIFTY 50)
1.47
Beta (5Y · monthly vs NIFTY 50)
1.87
Shares float
31.40 Cr
EPS · quarter ended Jun 2026
₹9.57
Upcoming earnings
29 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹9,926.33 Cr | ₹11,257.52 Cr | ₹13,292.72 Cr | ₹16,607.36 Cr | ₹23,767.09 Cr | ₹27,588.03 Cr | |
| EBITDA | ₹5,065.77 Cr | ₹5,492.59 Cr | ₹6,100.93 Cr | ₹6,322.15 Cr | ₹6,123.52 Cr | ₹8,507.07 Cr |
| ₹1,224.04 Cr | ₹1,205.00 Cr | ₹1,256.33 Cr | ₹1,137.28 Cr | ₹1,059.97 Cr | ₹2,282.54 Cr | |
| Diluted EPS | ₹5.75 | ₹8.9 | ₹11.1 | ₹10.2 | ₹9.05 | ₹19 |
Net income for Mar 2021 could not be independently verified against the company's own annual report: this page shows ₹1,224.04 Cr while the annual report gives ₹1,195.67 Cr (2.3% apart). That disagreement leaves the whole cross-check inconclusive, so Net income for Mar 2020 (the annual report alone gives ₹563.80 Cr) is left blank here too, rather than shown from only one of the two sources.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹43,233.58 Cr | ₹47,464.11 Cr | ₹53,931.75 Cr | ₹58,538.00 Cr | ₹73,902.00 Cr | ₹92,757.00 Cr | |
| ₹27,094.96 Cr | ₹29,901.79 Cr | ₹34,270.03 Cr | ₹37,069.65 Cr | ₹39,925.99 Cr | ₹49,176.43 Cr | |
| Stockholders' equity | ₹8,919.28 Cr | ₹9,912.82 Cr | ₹11,662.44 Cr | ₹12,641.00 Cr | ₹22,068.00 Cr | ₹25,427.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹3,784.33 Cr | ₹4,096.61 Cr | ₹3,777.00 Cr | ₹6,038.00 Cr | ₹9,045.00 Cr | ₹10,997.00 Cr | |
| Investing cash flow | ₹-4,025.29 Cr | ₹-3,948.03 Cr | ₹-4,698.73 Cr | ₹-4,943.03 Cr | ₹-15,227.59 Cr | ₹-14,082.81 Cr |
| ₹-744.65 Cr | ₹-234.86 Cr | ₹923.23 Cr | ₹-543.24 Cr | ₹7,625.93 Cr | ₹2,630.32 Cr | |
| Capital expenditure | ₹-4,219.61 Cr | ₹-4,223.56 Cr | ₹-4,702.21 Cr | ₹-5,429.54 Cr | ₹-9,378.14 Cr | ₹-14,431.80 Cr |
| End cash position | ₹263.68 Cr | ₹189.05 Cr | ₹190.64 Cr | ₹742.06 Cr | ₹2,190.38 Cr | ₹1,734.57 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Mar 22(3Q) | Jun 22–Sep 22(2Q) | Dec 22 | Mar 23 | Jun 23 | Sep 23–Mar 24(3Q) | Jun 24 | Aug 24 | Sep 24–Mar 25(3Q) | Jun 25–Dec 25(3Q) | Mar 26 | Jun 26 | Jul 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.92% | 73.87% | 74.19% | 71.65% | 68.28% | 73.22% | 74.94% | 69.59% | 69.94% | 71.19% | 72.73% | 74.71% | 73.39% |
| Public | 25.08% | 26.13% | 25.81% | 28.35% | 31.72% | 26.78% | 25.06% | 30.41% | 30.06% | 28.81% | 27.27% | 25.29% | 26.61% |
| Employee trusts | 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% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Utilities
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Adani Power Limited | ₹3.97 L Cr | ₹206.6 | 27.9 | 6.12 | 19.8% | 0.84 | -3.5% | -67.3% |
| NTPC Limited | ₹3.20 L Cr | ₹323.65 | 10.1 | 1.57 | 13.3% | 1.33 | -1.2% | -3.9% |
| Power Grid Corporation of India Limited | ₹2.45 L Cr | ₹270.3 | 12.9 | 2.44 | 15.8% | 1.51 | +1.6% | -6.5% |
| Adani Green Energy Limited | ₹2.10 L Cr | ₹1,334.5 | 122.3 | 10.51 | 8.3% | 5.08 | +11.6% | +36.3% |
| Adani Energy Solutions Limited | ₹1.70 L Cr | ₹1,436.1 | 57.1 | 6.67 | 9.0% | 1.93 | +15.4% | +71.5% |
| Tata Power Company Limited | ₹1.18 L Cr | ₹374.8 | 30.6 | 2.99 | 9.5% | 2.02 | -4.8% | -4.7% |
| GAIL (India) Limited | ₹1.13 L Cr | ₹173.9 | 11.4 | 1.27 | 8.5% | 0.28 | -0.2% | -3.9% |
| Siemens Energy India Limited | ₹1.11 L Cr | ₹3,228 | 74.2 | 25.27 | 25.1% | 0.03 | +63.5% | -7.1% |
| JSW Energy Limited | ₹93,817.50 Cr | ₹526 | 40.3 | 3.05 | 7.3% | 2.50 | +62.8% | -2.2% |
| NHPC Limited | ₹75,749.61 Cr | ₹75.2 | 27.6 | 1.83 | 9.1% | 1.32 | +7.2% | -13.8% |
| NTPC Green Energy Limited | ₹73,797.80 Cr | ₹88.55 | 141.3 | 3.89 | 2.8% | 1.67 | +29.8% | -14.7% |
| Torrent Power Limited | ₹65,406.68 Cr | ₹1,297.6 | 28.2 | 3.43 | 12.7% | 0.73 | -0.8% | +2.4% |
Ranked by market cap within Utilities, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 11
Concall transcripts
Show all 10
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
45 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Clean Max Enviro Energy Solutions (CLEANMAX) Share Price Falls 5.47% Today
Clean Max Enviro Energy Solutions' share price fell 5.47% to Rs 1,354, closing down Rs 78.3 for the day. The mid-cap power stock's decline has drawn attention due to its high earnings multiple and moderate return ratios compared to sector benchmarks. The company's market capitalization stood at Rs 16,836.6 crore.
Adani's Next Growth Phase: Jefferies Flags Strong Earnings Visibility At Enterprises, Energy Solutions
NDTV Profit · 9 days ago