Adani Energy Solutions Limited
Adani Energy Solutions Limited operates in Power Distribution, part of the Power sector. It booked ₹10,076 cr of revenue in its latest quarter (Q2 FY27) and kept 13.1% of sales as profit. It is the 5th largest of 9 Power companies we track, by market value.
| Segment | FY25 | FY26 | Share |
|---|---|---|---|
| Transmission | 8,331 | 9,824 | 35% → 40% |
| Distribution | 12,266 | 12,450 | 52% → 50% |
| Energy Solutions Platform | — | — | — |
| Smart Meter | — | 828 | 3% |
| Other | — | — | — |
| Others | 1,790 | 648 | 8% → 3% |
| Trading | 1,380 | 1,091 | 6% → 4% |
| Total | 23,767 | 24,841 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 61% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 17–23 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 53
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in ADANIENSOL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹10,076 cr |
| Other Income | ₹164 cr |
| Total Income | ₹10,239 cr |
| Cost of Materials | ₹3,244 cr |
| Purchases of Stock-in-Trade | ₹173 cr |
| Employee Benefit Expense | ₹290 cr |
| Finance Costs | ₹1,180 cr |
| Depreciation & Amortisation | ₹601 cr |
| Other Expenses | ₹3,268 cr |
| Total Expenses | ₹8,756 cr |
| Profit before Tax | ₹1,484 cr |
| Tax Expense | ₹403 cr |
| Net Profit | ₹1,364 cr |
| Net margin on total income | 13.3% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 7,443 cr | 9,711 cr | 10,076 cr |
| Total income | 7,588 cr | 9,852 cr | 10,239 cr |
| Expenses | 6,760 cr | 8,440 cr | 8,756 cr |
| Profit before tax | 828 cr | 1,441 cr | 1,484 cr |
| Tax | 187 cr | 156 cr | 403 cr |
| Net profit (owners' share) | 684 cr | 1,149 cr | 1,323 cr |
| Net margin (owners' share, on revenue) | 9.2% | 11.8% | 13.1% |
| EPS (₹) | 5.27 | 9.57 | 11.01 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Adani Power Limited | ₹196 | ₹3.77 L cr | 13.6 | 36.1% | 35.6% | — |
| NTPC Limited | ₹322 | ₹3.12 L cr | 11.1 | 13.2% | 13.0% | — |
| Power Grid Corporation of India Limited | ₹260 | ₹2.41 L cr | 15.6 | 14.5% | 32.7% | — |
| Adani Green Energy Limited | ₹1,339 | ₹2.21 L cr | 83.7 | 12.5% | 15.8% | — |
| Adani Energy Solutions Limitedthis company | ₹1,370 | ₹1.67 L cr | 31.1 | 16.9% | 13.1% | — |
| Tata Power Company Limited | ₹357 | ₹1.14 L cr | 24.2 | 11.9% | 6.2% | — |
| JSW Energy Limited | ₹503 | ₹92,127 cr | 21.8 | 11.5% | 16.6% | — |
| NHPC Limited | ₹79 | ₹79,758 cr | 18.2 | 10.6% | 28.8% | — |
| NTPC Green Energy Limited | ₹82 | ₹69,408 cr | 128.7 | 2.8% | 14.7% | — |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 76% of what it set aside, leaving ₹842 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.
As of Mar 2026, the company says it has spent 91% of what it set aside, leaving ₹800 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing