Adani Power Limited
Adani Power Limited operates in Integrated Power Utilities, part of the Power sector. It booked ₹19,439 cr of revenue in its latest quarter (Q2 FY27) and kept 35.6% of sales as profit. It is the largest of 5 Integrated Power Utilities companies we track, by market value.
| Segment | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Power Generation and related activities | 25,871 | 27,222 | 37,896 | 50,014 | 56,107 | 54,241 | 99% → 100% |
| Trading, investment and other activities | — | — | 877 | 337 | 96 | 0 | 0% |
| Trading and investment activities | 320 | 489 | — | — | — | — | — |
| Total | 26,191 | 27,711 | 38,773 | 50,351 | 56,203 | 54,241 |
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 74% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 7–23 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 52
At close. Not part of the score.
How much profit it earns on the money it employs · highest in its sector on what we could measure
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
What if I invest in ADANIPOWER?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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 | ₹19,439 cr |
| Other Income | ₹512 cr |
| Total Income | ₹19,951 cr |
| Cost of Materials | ₹10,222 cr |
| Purchases of Stock-in-Trade | ₹8 cr |
| Employee Benefit Expense | ₹191 cr |
| Finance Costs | ₹760 cr |
| Depreciation & Amortisation | ₹1,191 cr |
| Other Expenses | ₹787 cr |
| Total Expenses | ₹13,159 cr |
| Profit before Tax | ₹6,792 cr |
| Tax Expense | ₹-231 cr |
| Share of JV / Associates | ₹-3 cr |
| Net Profit | ₹7,019 cr |
| Net margin on total income | 35.2% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 14,223 cr | 18,902 cr | 19,439 cr |
| Total income | 15,989 cr | 19,322 cr | 19,951 cr |
| Expenses | 11,605 cr | 13,022 cr | 13,159 cr |
| Profit before tax | 4,384 cr | 6,300 cr | 6,792 cr |
| Tax | 113 cr | 1,552 cr | -231 cr |
| Net profit (owners' share) | 4,017 cr | 4,806 cr | 6,919 cr |
| Net margin (owners' share, on revenue) | 28.2% | 25.4% | 35.6% |
| EPS (₹) | 2.08 | 2.49 | 3.59 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Adani Power Limitedthis company | ₹196 | ₹3.77 L cr | 13.6 | 36.1% | 35.6% | — |
| Tata Power Company Limited | ₹357 | ₹1.14 L cr | 24.2 | 11.9% | 6.2% | — |
| Torrent Power Limited | ₹1,203 | ₹60,634 cr | 23.7 | 13.4% | 7.9% | — |
| CESC Limited | ₹129 | ₹17,093 cr | 10.6 | 12.8% | 7.3% | — |
| Reliance Infrastructure Limited | ₹48 | ₹4,064 cr | 1.3 | 8.3% | 5.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Stock split | Stock Split From Rs.10/- to Rs.2/- | 22 Sep 2025 |
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.
The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet.
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