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Adani Energy Solutions Ltd.

PowerPower Generation/Distribution

www.adanienergysolutions.com BSE: 539254NSE: ADANIENSOL

₹1,219.85BSE5.66%

23 Oct, 4:01 PM

₹1,219.85

₹1.49L Cr

40.23

4.77

10.08%

₹1,300.00

₹1,200.00

₹1,789.00

₹804.70

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Adani Energy Solutions Ltd. (ADANIENSOL) share price closed at ₹1,219.85 on the BSE on Friday, October 23, 2026, down by 5.66% from its of ₹1,293.00. In that session ADANIENSOL reached a of 1,300.00 and of 1,200.00. The for the session was 1,225.42. The stands at 1,410.43 and is at 1,304.64. Looking at , the stock ended the session in Downtrend.

Stock Overview

Symbol

ADANIENSOL

₹1,296.45

₹1,293.00

₹1,225.42

₹1,410.43

Price 13.51% below

₹1,304.64

Price 6.50% below

19.85% of range

₹1,200.00₹1,300.00

42.18% of range

₹804.70₹1,789.00

Price Performance

Peer Comparison

Name
ADANI POWER ADANIPOWER	182.00	19.26	3,50,981.44	0.00	7,019.32	141.51%	19,438.68	44.45%	17.79
NTPC LTD NTPC	298.00	10.41	2,88,960.65	3.02	6,896.44	12.90%	50,740.96	7.81%	8.52
POWER GRID POWERGRID	247.20	14.46	2,29,910.93	3.64	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,185.00	104.16	1,95,190.37	0.00	747.00	15.99%	4,258.00	41.56%	9.90
Adani Energy Solutions Ltd. ADANIENSOL	1,219.85	40.23	1,49,182.10	0.00	1,363.92	144.82%	10,075.54	52.76%	9.71
TATA POWER TATAPOWER	346.00	28.62	1,10,558.75	0.72	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	445.60	41.53	81,699.99	0.45	532.70	-36.27%	5,207.13	1.24%	8.50
NHPC NHPC	70.00	18.52	70,315.24	2.30	1,178.09	4.15%	3,808.31	18.50%	6.16

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	3,357.66	4,706.85	5,378.55	6,183.70	5,830.26	6,374.58	6,819.28	6,595.83	6,729.65	7,443.27	9,711.08	10,075.54
Expenses	1,789.18	3,085.73	3,727.87	4,468.56	4,169.52	4,334.62	5,008.59	4,640.41	4,734.25	5,215.94	6,674.08	6,691.27
	1,568.48	1,621.12	1,650.68	1,715.14	1,660.74	2,039.96	1,810.69	1,955.42	1,995.40	2,227.33	3,037.00	3,384.27
	46.71%	34.44%	30.69%	27.74%	28.48%	32.00%	26.55%	29.65%	29.65%	29.92%	31.27%	33.59%
	137.18	148.33	-1,394.60	176.10	170.13	221.81	206.21	171.32	214.79	144.81	141.12	163.79
Interest	630.49	749.99	810.93	812.94	809.12	826.17	894.03	871.66	912.95	954.26	1,151.73	1,180.33
	415.55	467.51	497.85	484.07	462.38	461.65	464.82	509.41	496.19	507.81	585.35	600.58
	659.62	551.95	-1,052.70	594.23	559.37	973.95	658.05	745.67	801.05	910.07	1,441.04	1,767.15
	33.91%	30.54%	-12.97%	-30.11%	-11.81%	29.51%	17.80%	25.14%	28.23%	26.48%	10.82%	-72.11%
	389.45	361.44	-823.92	674.96	561.78	647.15	512.48	533.97	552.31	683.78	1,149.06	1,322.85
	3.49	3.24	-7.39	5.62	4.68	5.39	4.27	4.45	4.60	5.69	9.57	10.82

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	11,257.52	13,292.72	16,607.36	23,767.09	27,588.03
Operating Income (Net)	11,257.52	13,292.72	16,607.36	23,767.09	27,588.03
EXPENDITURE :
Power Generation & Distribution Cost	5,143.97	6,461.60	6,981.90	8,170.63	8,248.48
Employee Cost	885.07	986.65	951.70	1,032.94	1,092.64
Operating Expenses	556.72	591.17	1,850.40	5,554.85	8,360.07
General and Administration Expenses	324.94	381.50	441.25	466.22	571.11
Selling and Distribution Expenses				29.82	49.55
Miscellaneous Expenses	140.65	354.19	670.91	1,446.11	1,277.34
	7,051.35	8,775.11	10,896.16	16,700.57	19,599.19
Operating Profit (Excl OI)	4,206.17	4,517.61	5,711.20	7,066.52	7,988.84
	1,286.42	1,583.32	610.95	679.46	737.13
	5,492.59	6,100.93	6,322.15	7,745.98	8,725.97
Interest	2,364.95	2,781.47	2,766.51	3,259.16	3,632.90
PBDT	3,127.64	3,319.46	3,555.64	4,486.82	5,093.07
	1,427.15	1,607.74	1,776.08	1,905.95	1,978.23
Profit Before Taxation & Exceptional Items	1,700.49	1,711.72	1,779.56	2,580.87	3,114.84
Exceptional Income / Expenses				-1,506.02
	1,700.49	1,711.72	1,779.56	1,074.85	3,114.84
Provision for Tax	464.74	431.12	583.95	153.16	722.09
	1,235.75	1,280.60	1,195.61	921.69	2,392.75
Extra items				0.00	0.00
Minority Interest	-31.14	-24.27	-58.33	138.28	-110.21
Consolidated Net Profit	1,204.61	1,256.33	1,137.28	1,059.97	2,282.54
Profit Balance B/F	1,009.33	1,955.18	3,149.38	4,265.18	5,305.19
Appropriations	2,213.94	3,211.51	4,286.66	5,325.15	7,587.73
	10.95	11.26	10.20	8.82	19.00
Adjusted EPS	10.95	11.26	10.20	8.82	19.00

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	1,099.81	1,115.49	1,115.49	1,201.28	1,201.28
Total Reserves	5,757.36	10,633.68	11,526.06	20,866.92	24,226.26
Reserve excluding Revaluation Reserve	5,757.36	10,633.68	11,526.06	20,866.92	24,226.26
Revaluation reserve			0.00
	6,857.17	11,749.17	12,641.55	22,068.20	25,427.54
Minority Interest	1,093.68	1,126.60	1,061.58	943.06	1,098.10
Secured Loans	25,450.50	27,847.42	29,924.42	35,153.80	42,625.12
Unsecured Loans	5,379.19	3,482.97	3,635.20	1,838.49	2,742.20
Deferred Tax Assets / Liabilities	1,414.46	1,424.32	1,612.35	1,695.91	2,411.97
Other Long Term Liabilities	691.18	723.49	978.98	1,593.94	2,162.92
Long Term Trade Payables	32.22	32.76	37.39	38.88	40.06
Long Term Provisions	617.47	527.73	630.23	553.57	680.99
Total Non-Current Liabilities	33,585.02	34,038.69	36,818.57	40,874.59	50,663.26
Trade Payables	1,607.91	1,800.43	1,515.92	2,955.62	4,993.65
Other Current Liabilities	2,781.66	2,902.93	3,851.20	4,967.68	5,833.92
Short Term Borrowings	1,455.42	2,186.63	2,547.87	1,982.49	4,504.42
Short Term Provisions	83.25	127.30	101.69	110.61	235.86
Total Current Liabilities	5,928.24	7,017.29	8,016.68	10,016.40	15,567.85
Total Liabilities	47,464.11	53,931.75	58,538.38	73,902.25	92,756.75
Gross Block	36,765.96	40,733.21	48,780.58	50,503.51	59,700.47
Less: Accumulated Depreciation	6,494.19	8,088.07	9,860.84	10,948.76	12,896.53
Net Block	30,271.77	32,645.14	38,919.74	39,554.75	46,803.94
Capital Work in Progress	5,060.16	6,200.44	3,002.69	5,695.36	2,053.60
Non Current Investments	264.17	312.89	323.79	348.72	407.29
Long Term Investment	264.17	312.89	323.79	348.72	407.29
Long Term Loans & Advances	2,871.65	1,782.08	1,525.37	1,335.88	3,599.56
Other Non Current Assets	3,518.62	4,084.34	5,148.67	10,286.54	20,050.68
Total Non-Current Assets	41,986.37	45,024.89	48,920.26	57,228.13	72,915.07
Currents Investments	296.35	1,056.79	442.69	2,289.69	2,236.32
Inventories	250.11	151.91	255.28	625.24	669.45
Sundry Debtors	1,070.84	1,437.59	3,744.54	4,217.86	5,733.75
Cash and Bank	1,392.87	1,704.14	2,228.14	3,618.68	3,947.34
Other Current Assets	1,419.41	2,183.97	1,779.91	3,408.42	3,715.53
Short Term Loans and Advances	1,048.16	2,372.46	1,167.56	2,514.23	3,539.29
Total Current Assets	5,477.74	8,906.86	9,618.12	16,674.12	19,841.68
Net Current Assets (Including Current Investments)	-450.50	1,889.57	1,601.44	6,657.72	4,273.83
Total Assets	47,464.11	53,931.75	58,538.38	73,902.25	92,756.75
Contingent Liabilities	1,939.78	2,184.90	2,367.56	1,795.05	1,799.21
Total Debt	32,870.23	34,198.84	37,008.87	40,206.08	51,314.37
	62.35	105.33	113.33	183.71	211.67
Adjusted Book Value	62.35	105.33	113.33	183.71	211.67

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	1,700.49	1,711.72	1,779.56	1,074.85	3,114.84
Adjustment	3,227.16	3,889.67	3,964.29	6,002.75	4,902.38
Changes In working Capital	-564.18	-1,578.84	593.85	2,195.61	3,408.54
Cash Flow after changes in Working Capital	4,363.47	4,022.55	6,337.70	9,273.21	11,425.76
Cash Flow from Operating Activities	4,096.61	3,776.99	6,037.62	9,044.51	10,996.68
Cash Flow from Investing Activities	-3,948.03	-4,698.71	-4,943.03	-15,227.59	-14,082.88
Cash Flow from Financing Activitie	-234.86	923.22	-543.24	7,625.93	2,630.32
Net Cash Inflow / Outflow	-86.28	1.50	551.35	1,442.85	-455.88
Opening Cash & Cash Equivalents	263.68	189.05	190.64	742.06	2,190.38
Cash & Cash Equivalent of Subsidiaries under liquidations	11.65	0.09	0.07	5.47	0.07
Closing Cash & Cash Equivalent	189.05	190.64	742.06	2,190.38	1,734.57

Ratios

Valuation

40.23

4.77

17.34

4.39

30.32

255.97

Profitability

10.08

9.71

2.87

28.96

8.67

Leverage & Liquidity

2.02

1.27

1.86

Returns

0.00

0.33

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	74.94	69.94	69.94	69.94	71.19	71.19	71.19	72.73	74.71	73.39
	19.51	24.04	23.18	23.91	22.74	23.01	23.61	22.48	21.89	22.76
	5.55	6.02	6.88	6.15	6.07	5.79	5.20	4.79	3.39	3.85
	25.06	30.06	30.06	30.06	28.81	28.81	28.81	27.27	25.29	26.61
No. of Shareholders	4,93,621	4,50,283	5,49,520	5,27,137	5,00,926	4,89,248	4,37,571	4,03,625	3,85,315	3,82,685

Mutual Funds Invested(243)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 127 active funds hold 8.56% in Adani Energy Solutions Ltd., contributing to ₹13.77K Cr of holdings

Fund				As of
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	2,497.74	2.90	1,90,00,000	Sep '26
SB SBI Focused Fund - Growth - Direct PlanEquity - Focused Fund	1,971.90	3.93	1,50,00,000	Sep '26
KO Kotak Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	545.10	0.72	41,46,525	Sep '26
QU Quant ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	515.14	3.93	39,18,593	Sep '26
IP ICICI Prudential Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	467.28	1.31	35,54,550	Sep '26
AB Aditya Birla Sun Life Large Cap Fund - Growth - Direct PlanLarge Cap Fund	433.82	1.55	33,00,000	Sep '26
SB SBI Midcap Fund - Growth - Direct PlanMid Cap Fund	394.35	1.69	29,99,737	Sep '26
SB SBI Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	376.15	0.81	28,61,325	Sep '26
SB SBI Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	357.57	0.88	27,20,000	Sep '26
AB Aditya Birla Sun Life Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	328.65	1.17	25,00,000	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-05	Board Meeting	Quarterly Results
2026-06-30	Board Meeting	Quarterly Results
2026-06-29	Board Meeting	Raising of Funds

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

PowerPower Generation/Distribution

Adani Energy Solutions Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Jaladhi Shukla

Company Secretary & Compliance Officer

—

Gautam S Adani

Chairman

—

Rajesh S Adani

Promoter & Non-Executive Director

—

Anil Sardana

Managing Director

—

Kandarp Patel

Whole Time Director & Chief Executive Officer

—

Lisa Caroline Maccallum

Non Executive Independent Director

₹55.60 L

Mar '26

Hemant Nerurkar

Non Executive Independent Director

₹42.20 L

Mar '26

Chandra Iyengar

Non Executive Independent Director

₹42.50 L

Mar '26

Anil Ahuja

Non Executive Independent Director

₹17.95 L

Mar '26

ADANIENSOL Latest News

News

10 of 10 articles

EQUITY23 Oct 2026 · 12:10

Adani Energy declines despite reporting over two-fold jump in Q2 consolidated net profit

Consolidated total income of the company increased by 51.31% to Rs 10,239.33 crore for Q2FY27

EQUITY23 Oct 2026 · 10:12

Adani Energy Solutions submits investor presentation

EQUITY22 Oct 2026 · 17:24

Adani Energy Solutions informs about media release

COMPANY22 Oct 2026 · 16:45

Adani Energy Solutions reports over two-fold jump in Q2 consolidated net profit

Consolidated total income of the company increased by 51.31% to Rs 10,239.33 crore for Q2FY27

EQUITY7 Oct 2026 · 17:37

Adani Energy Solutions informs about execution of SPA

COMPANY7 Oct 2026 · 16:30

Adani Energy Solutions inks SPA with PFCCL to acquire Satara Power Transmission

This acquisition is proposed to further the company’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities

EQUITY29 Sept 2026 · 10:33

Adani Energy Solutions informs about update

EQUITY9 Sept 2026 · 09:28

Adani Energy Solutions inches up as its arm signs PPA with MSEDCL

The power supply under the PPA will be for a period of 25 years from Scheduled Commencement Date of Supply

COMPANY9 Sept 2026 · 09:03

Adani Energy Solutions’ arm signs PPA with MSEDCL

The power supply under the PPA will be for a period of 25 years from Scheduled Commencement Date of Supply

EQUITY3 Sept 2026 · 11:14

Adani Energy Solutions informs about disclosure

ADANIENSOL

₹1,219.85

-5.66%