Adani Enterprises logo

Adani Enterprises share price

NSE: ADANIENTBSE: 512599Metals & Minerals TradingLarge Cap

Adani Enterprises Limited · Formerly Adani Exports · Face value ₹1 · Listed Nov 1994 on BSE, Jun 1997 on NSE
Last close ₹2,479.80down ₹10.20 (0.41%)BSE ₹2,482.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹2,490.00.

28 Oct: open ₹2,480.00, high ₹2,499.90, low ₹2,442.80

52-week range of traded prices to 28 Oct 2026
₹1,753.00Low, 30 Mar 2026₹3,245.00High, 6 Jul 2026
Market cap
₹3,35,696 Cr28th largest listed
P/E
45.09
P/E without one-offs
384.32
P/B
4.15
Dividend yield
0.05%
ROE
11.3%
ROE without one-offs
1.3%
ROCE
4.4%
Debt to equity
1.28
Volume, NSE
18,63,28823.0% delivered

Adani Enterprises share price chart

Daily closes since Sep 2018, adjusted for splits and bonuses. Earlier closes are left out: on 6 Sep 2018 a scheme of arrangement changed the share, and its terms are not stated.

−0.6%over a year

ResultsSplit, bonus, rights or demerger20-session average 17,26,750 shares a day, 39.6% delivered

About Adani Enterprises

Adani Enterprises Limited (AEL) builds new infrastructure businesses and has turned grown ones into separate listed companies.1 In India it runs airports, roads, data centres, solar and wind equipment manufacturing, copper, mining services, natural resource imports and a defence business.23 Most of its customers are businesses, while its airports and roads serve the public.4

Adani New Industries, a wholly owned subsidiary, makes solar cells and modules, wind turbines and electrolysers (machines that split water to make hydrogen), and is developing green hydrogen, made with renewable power, and products such as green ammonia.5 Airports are run by Adani Airport Holdings, wholly owned at the end of March 2026, and roads by Adani Road Transport, a wholly owned subsidiary.67 Kutch Copper, also wholly owned, runs a copper smelter at Mundra, Gujarat, and AdaniConneX, a 50:50 joint venture with EdgeConneX set up in 2021, runs its data centres.8910

As a mine developer and operator (MDO), it develops and runs mines for their owners, from approvals and land acquisition to mining and transport.11 Its integrated resource management business imports natural resources for companies in power, cement and steel.1213 Adani Defence & Aerospace makes small arms, ammunition, drones and missiles, provides aircraft services and has plants in Kanpur, Gwalior and Hyderabad.14

It was incorporated on 2 Mar 1993.15 Gautam S. Adani, founder and chairman of the Adani Group, is its Executive Chairman, and his brother Rajesh S. Adani is Managing Director; both are its promoters.1516

Adani Enterprises key points

Results

  • In the quarter to Jun 2026, consolidated total income rose 50% to ₹33,546 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 49% to ₹5,642 crore, its highest for any quarter, the company says.17
  • In the same quarter, profit before tax was ₹1,295 crore before a ₹2,644 crore ($275 million) settlement with the US Office of Foreign Assets Control (OFAC); after it, the loss attributable to shareholders was ₹1,160 crore.181920
  • In the year to Mar 2026, consolidated total income rose 3% to ₹1,02,943 crore from ₹1,00,365 crore, while EBITDA was ₹16,464 crore, against ₹16,722 crore a year earlier.2122
  • Profit before tax for the year to Mar 2026, excluding a one-off gain, was ₹4,309 crore, against ₹6,533 crore a year earlier.23

Market position

  • Adani Airport Holdings is India's largest private airport operator by number of airports, the company says; its 8 airports had 23% of India's passenger traffic and 29% of its air cargo in the year to Mar 2026.2425

Business segments

  • New energy. In the year to Mar 2026, module sales rose 15% to 4,904 MW, 231 wind turbine sets were supplied and EBITDA was ₹4,532 crore, against ₹4,776 crore a year earlier. In the quarter to Jun 2026, EBITDA fell 20% to ₹972 crore.262728
  • Airports. Navi Mumbai airport opened on 25 Dec 2025 and began international flights on 15 Jul 2026. Airport EBITDA rose 55% to ₹5,394 crore in the year to Mar 2026 and 49% to ₹1,633 crore in the quarter to Jun 2026.293031
  • Roads. The roads business has 21 projects, 14 of them operational, and began collecting tolls on the Ganga Expressway on 15 May 2026.32
  • Data centres. In the quarter to Jun 2026, operational capacity reached 65.4 MW, and a 400 MW order in Vizag took tied-up capacity (capacity committed to customers) to 960+ MW.33

Copper, mining and trading

  • Copper. The smelter has capacity of 500 KTPA (kilotonnes a year) and ran at about 52% of capacity in the quarter to Jun 2026, when copper EBITDA was ₹749 crore.3435
  • Mining services. It holds 18 contracts, with peak capacity of 145.4 million tonnes a year, 8 of them operational. Dispatches rose 14% to 49.4 million tonnes in the year to Mar 2026.363738
  • Resource imports. Volume fell 21% to 44.6 million tonnes in the year to Mar 2026 because of low demand.39
  • Commercial mining. The Carmichael mine in Australia, its only operating mine, has peak capacity of 15 million tonnes a year.40

Where revenue comes from

  • Consolidated operating revenue by location4142
    Itemyear to Mar 2026
    Within India₹82,419.21 crore
    Outside India₹18,049.40 crore
    Exports were 17.97% of consolidated turnover in the year to Mar 2026.

Expansion and capital spending

  • Consolidated capital spending (money spent on new plants and other long-term assets) was ₹35,900 crore in the year to Mar 2026.43
  • On its earnings call of 29 Jul 2026, the company said it was on schedule to take its solar module and cell lines to 10 GW each by the end of the year to Mar 2027, from 5.7 GW and 4 GW.44
  • The company stated in its annual report for the year to Mar 2026 that it plans to expand the copper smelter to 1 MTPA (million tonnes a year) and is building a 1 MMT a year PVC (a plastic used in pipes) plant at Mundra.4546

Recent events

  • On 7 Oct 2026, CARE Ratings upgraded its long-term credit rating to AA (Stable) from AA-, its highest so far, the company says.47
  • On 9 Sep 2026, it signed a shareholders' agreement under which Adani Airport Holdings is to issue new shares to investors for a stake of up to 5.54%.48
  • On 7 Jul 2026, it raised ₹15,000 crore through a qualified institutional placement (a share sale to large institutional investors), with bids for 3.8 times the base issue size.4950

Litigation and regulatory matters

  • The auditor qualified (stated a reservation in) its opinion on the consolidated accounts for the year to Mar 2026 over Mumbai International Airport (MIAL), a subsidiary, where a Central Bureau of Investigation chargesheet alleges ₹845.76 crore was diverted through contracts.5152
  • As of its annual report of 29 May 2026, MIAL's management held, on legal advice, that the allegations are not conclusive until the court confirms them, and made no adjustment to the accounts.53
  • On 28 Sep 2026, SEBI passed a settlement order covering the company and its directors, including its chairman and managing director, without admission or denial of the alleged violations; the settlement amount was ₹37,05,000.5455
  • On 22 Sep 2026, SEBI passed a separate settlement order over alleged breaches of listing rules, which the company settled without admitting or denying them; the settlement amount was ₹76,05,000.5657

Last updated

All 57 sources, each with its page
  1. 1. Investor presentation, 29 Jul 2026, page 5
  2. 2. Annual report, 29 May 2026, page 5
  3. 3. Annual report, 29 May 2026, page 287
  4. 4. Annual report, 29 May 2026, page 194
  5. 5. Annual report, 29 May 2026, page 51
  6. 6. Annual report, 29 May 2026, page 169
  7. 7. Annual report, 29 May 2026, page 170
  8. 8. Annual report, 29 May 2026, page 171
  9. 9. Annual report, 29 May 2026, page 168
  10. 10. Annual report, 29 May 2026, page 55
  11. 11. Annual report, 29 May 2026, page 171
  12. 12. Annual report, 29 May 2026, page 69
  13. 13. Annual report, 29 May 2026, page 170
  14. 14. Annual report, 29 May 2026, page 172
  15. 15. Annual report, 29 May 2026, page 174
  16. 16. Annual report, 29 May 2026, page 174
  17. 17. Investor presentation, 29 Jul 2026, page 2
  18. 18. Investor presentation, 29 Jul 2026, page 2
  19. 19. Investor presentation, 29 Jul 2026, page 3
  20. 20. Investor presentation, 29 Jul 2026, page 3
  21. 21. Annual report, 29 May 2026, page 22
  22. 22. Annual report, 29 May 2026, page 167
  23. 23. Annual report, 29 May 2026, page 167
  24. 24. Annual report, 29 May 2026, page 169
  25. 25. Annual report, 29 May 2026, page 59
  26. 26. Annual report, 29 May 2026, page 168
  27. 27. Annual report, 29 May 2026, page 168
  28. 28. Investor presentation, 29 Jul 2026, page 3
  29. 29. Annual report, 29 May 2026, page 169
  30. 30. Annual report, 29 May 2026, page 22
  31. 31. Investor presentation, 29 Jul 2026, page 2
  32. 32. Investor presentation, 29 Jul 2026, page 24
  33. 33. Investor presentation, 29 Jul 2026, page 18
  34. 34. Investor presentation, 29 Jul 2026, page 26
  35. 35. Investor presentation, 29 Jul 2026, page 2
  36. 36. Investor presentation, 29 Jul 2026, page 25
  37. 37. Investor presentation, 29 Jul 2026, page 18
  38. 38. Annual report, 29 May 2026, page 171
  39. 39. Annual report, 29 May 2026, page 171
  40. 40. Investor presentation, 29 Jul 2026, page 26
  41. 41. Annual report, 29 May 2026, page 340
  42. 42. Annual report, 29 May 2026, page 194
  43. 43. Annual report, 29 May 2026, page 30
  44. 44. Earnings call, 29 Jul 2026, page 4
  45. 45. Annual report, 29 May 2026, page 70
  46. 46. Annual report, 29 May 2026, page 71
  47. 47. Exchange filing, 7 Oct 2026, page 1
  48. 48. Exchange filing, 9 Sep 2026, page 1
  49. 49. Exchange filing, 7 Jul 2026, page 1
  50. 50. Investor presentation, 29 Jul 2026, page 4
  51. 51. Annual report, 29 May 2026, page 275
  52. 52. Annual report, 29 May 2026, page 341
  53. 53. Annual report, 29 May 2026, page 341
  54. 54. Exchange filing, 29 Sep 2026, page 2
  55. 55. Exchange filing, 29 Sep 2026, page 3
  56. 56. Exchange filing, 22 Sep 2026, page 2
  57. 57. Exchange filing, 22 Sep 2026, page 3

Results

Consolidated; ₹ crore.Adani Enterprises quarterly results

Revenue growth, 12 months
+18.1%
Net profit growth, 12 months
+16.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹32,924 Crup 1.49%
Net profit
−₹1,462 CrQuarter to Mar 2026: −₹167 Cr
Net margin
−4.4%

Revenue by quarter

₹22,608 CrSep 24₹22,848 CrDec 24₹26,966 CrMar 25₹21,961 CrJun 25₹21,249 CrSep 25₹24,820 CrDec 25₹32,439 CrMar 26₹32,924 CrJun 26
Peak revenue ₹32,924 Cr, quarter to Jun 2026; lowest ₹21,249 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹1,989 CrSep 24₹229 CrDec 24₹1,382 CrMar 25₹976 CrJun 25₹3,414 CrSep 25₹5,727 CrDec 25−₹167 CrMar 26−₹1,462 CrJun 26
A loss in 2 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue22,60822,84826,96621,96121,24924,82032,43932,924
Net profit1,9892291,3829763,4145,727−167−1,462
Net margin8.8%1.0%5.1%4.4%16.1%23.1%−0.5%−4.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Integrated Resources Management₹28,362 Crdown 27.76%27.5%
  • New Energy Ecosystem₹15,399 Crup 10.27%15.0%
  • Copper₹15,284 Cr14.8%
  • Airport₹13,215 Crup 31.95%12.8%
  • Road₹6,347 Crdown 34.53%6.2%
  • Commercial Mining₹5,642 Crdown 14.20%5.5%
  • Mining Services₹4,446 Crup 18.99%4.3%
  • Other₹14,290 Crdown 51.92%13.9%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018 and Mar 2024: days before it are of the company before the change.Adani Enterprises PE ratio and valuation

Price to earnings

At or below today's level on 93% of 1,844 trading days over the last 10 years.

LowestHighest
Its median54.09Industry median42.17
Price to book

At or below today's level on 31% of 1,868 trading days since Nov 2018.

LowestHighest
Its median6.46Industry median1.51
Dividend yield

At or below today's level on 42% of 2,233 trading days over the last 10 years.

LowestHighest
Its median0.06%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−24.0%+17.5%−35.4%0.1%
3 years+0.2%+49.4%−32.9%0.1%
5 years+11.3%––0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth and the change in P/E over 5 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out. Earnings growth over 1 and 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023, Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Adani Enterprises shareholding pattern

Shareholding by group

  • Promoters71.97%
  • Foreign institutions10.66%
  • Indian institutions10.62%
  • Individuals and others6.74%
Holder
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)Promoter47.43%
Adani Tradeline Private LimitedPromoter8.89%
Life Insurance Corporation of IndiaInsurance companies3.25%
Kempas Trade and Investment LtdPromoter3.06%
Green Enterprises Investment Holding Rsc LimitedForeign companies2.97%
Flourishing Trade and Investment LtdPromoter2.81%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.79% of their shares. Since Jul 2026: promoters unchanged, foreign institutions +0.14 pts, Indian institutions −0.13 pts, mutual funds −0.11 pts.

Mutual fund holdings

291 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 142 of the 165 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 291 funds holding Adani Enterprises

Bought for the first time
4
Bought again
1
Added
130
Cut
35
Held unchanged
118
Sold out
4
Fund
SBI Mutual Fund logoSBI Aggressive Hybrid FundSBI Mutual Fund74,60,8742.51%₹2,166.2 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund65,76,0460.94%₹1,909.3 Cr
quant Mutual Fund logoquant Small Cap Fundquant Mutual Fund53,42,7084.36%₹1,551.2 Cr
SBI Mutual Fund logoSBI Focused FundSBI Mutual Fund52,48,7053.04%₹1,523.9 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund34,26,8612.46%₹995.0 Cr
SBI Mutual Fund logoSBI ELSS Tax Saver FundSBI Mutual Fund30,28,8002.93%₹879.4 Cr
SBI Mutual Fund logoSBI Large Cap FundSBI Mutual Fund29,09,9981.61%₹844.9 Cr
SBI Mutual Fund logoSBI Multicap FundSBI Mutual Fund28,00,0003.47%₹813.0 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund22,55,2910.94%₹654.8 Cr
SBI Mutual Fund logoSBI Arbitrage FundSBI Mutual Fund22,52,9191.41%₹654.1 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Adani Enterprises insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 4 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Adani Enterprises competitors and peers

Metals & Minerals Trading, 14 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Adani Enterprises in market cap.Metal stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
SG Mart logoSG MartSGMART10,12366.685.94+9.5%+26.5%9.4%10.9%0.00%
Lloyds Enterprises logoLloyds EnterprisesLLOYDSENT9,421–2.27+32.9%––2.5%0.08%
Nupur Recyclers logoNupur RecyclersNRL1,09163.728.14+40.7%–13.6%9.5%0.00%
BMW Ventures logoBMW VenturesBMWVENTLTD55013.731.24––9.1%11.0%2.37%
Starlineps Enterprises logoStarlineps EnterprisesSTARLENT296487.621.77––0.6%3.1%0.00%
Emergent Industrial Solutions logoEmergent Industrial SolutionsEMERGENT216140.837.44+112.5%–5.4%12.9%0.00%
Abans Enterprises logoAbans EnterprisesABANSENT2016.280.93+191.3%–15.1%6.4%0.00%
La Tim Metal & Industries logoLa Tim Metal & IndustriesLATIMMETAL12910.961.51––14.8%12.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Adani Enterprises dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 180.4Mar 191Mar 201Mar 211Mar 221.2Mar 231.3Mar 241.3Mar 251.3Mar 26
Highest ₹1.30 a share, years to Mar 2024, Mar 2025 and Mar 2026.An empty year paid a dividend that cannot be restated for a later split or bonus.
Ex-dateTypePer share
12 Jun 2026Final₹1.30
13 Jun 2025Final₹1.30
14 Jun 2024Final₹1.30
7 Jul 2023Final₹1.20
14 Jul 2022Final₹1.00
1 Jul 2021Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Adani Enterprises announcements

Adani Enterprises share price by year

Each calendar year to 2025.Adani Enterprises share price history

YearClose at year endChangeHighest closeLowest close
20252,239.70−11.4%2,676.402,096.00
20242,528.65−11.2%3,645.252,150.50
20232,848.95−26.2%3,855.301,193.50
20223,858.35+125.7%4,165.301,543.95
20211,709.45+256.5%1,763.05490.90
2020479.55+130.2%490.85120.90
2019208.35+29.4%218.80116.95
2018161.00–175.60130.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 6 Sep 2018.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20262,515.002,521.002,430.702,490.002,475.8425,91,87143.4%
26 Oct 20262,482.402,512.902,446.902,508.002,487.1014,38,84032.5%
23 Oct 20262,545.002,551.102,462.102,477.002,488.4717,87,85640.9%
22 Oct 20262,578.002,592.202,531.502,550.002,556.8010,11,61832.3%
21 Oct 20262,674.002,685.002,567.602,594.502,613.999,31,84633.0%
19 Oct 20262,692.002,701.702,650.002,657.502,671.938,54,30243.6%
16 Oct 20262,714.002,715.602,671.202,692.002,695.318,48,46637.3%
15 Oct 20262,716.402,717.502,670.002,700.002,696.208,35,20522.9%
14 Oct 20262,710.002,734.802,683.002,722.602,710.4714,46,64732.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
17 Nov 2025Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
21 Nov 2024Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
2 Feb 2023Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
1 Feb 2023Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
20 May 2019Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
6 Sep 2018Scheme of arrangement–A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown.
26 Apr 2017Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
3 Jun 2015Scheme of arrangement–A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown.
29 Jul 2011Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
23 Mar 2010Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
10 Dec 2009Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

Company details

Chairperson
Gautam S. Adani
At the end of the quarter to Sep 2026
Managing director
Rajesh S. Adani
At the end of the quarter to Sep 2026
NSE symbol
ADANIENT
BSE code
512599
ISIN
INE423A01024
Industry
Metals & Minerals Trading
Former symbols
ADANIEXPO
CIN
L51100GJ1993PLC019067
Corporate identity number, the registrar of companies' code for it
Incorporated
1993
Registered office
Adani Corporate House, Shantigram, Near Vaishnav Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments