Adani Power share price
NSE: ADANIPOWERBSE: 533096PowerLarge Cap
Adani Power Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 2009
Last close ₹189.00down ₹2.20 (1.15%)BSE ₹189.40
Share price at the NSE close on 30 Oct 2026. Previous close ₹191.20.
30 Oct: open ₹191.20, high ₹192.00, low ₹187.50
52-week range of traded prices to 30 Oct 2026
₹128.10Low, 23 Jan 2026₹254.20High, 29 May 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,64,481 Cr23rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 20.00
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.75
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 27.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.79
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,33,07,07949.0% delivered
About Adani Power
Adani Power Limited generates electricity at coal-based thermal power plants across India and at a solar plant in Gujarat.12 It sells the power to business customers, including state government utilities and distribution companies, under long-term, medium-term and short-term power purchase agreements (contracts to supply power at an agreed tariff), and on the open market.13 Its plant at Godda supplies power to Bangladesh under a long-term agreement.1
It reports its results in segments: power generation and related activities, and trading, investment and other activities.4 Its thermal plants are in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu.2 It has set up a subsidiary, Adani Atomic Energy Limited, to generate power from nuclear energy, and is developing a hydropower project at Wangchhu in Bhutan.5
It was incorporated in 1996.3 It has grown partly by buying plants through insolvency proceedings, among them Korba Power in Chhattisgarh in September 2024 and Vidarbha Industries Power in Maharashtra in July 2025.67 It is part of the Adani portfolio of companies; the Adani family held 74.96% of it at the end of June 2026.8 Its chairman, Gautam S. Adani, is the founder and chairman of the Adani Group and a promoter of the company.9
Adani Power key points
Results
- In the quarter to Jun 2026, total continuing revenue rose 27% from a year earlier and continuing EBITDA (earnings before interest, tax, depreciation and amortisation, without one-time items from earlier periods) rose 22%. Reported profit after tax, not on a continuing basis, rose 47%.10
- Generation of 31 billion units in the quarter was the company's highest for a quarter, and dispatch rose 17% to 28.8 billion units. Plant load factor (output as a share of the most the plants could produce) was 78%, against 67% a year earlier.1112
- In the year to Mar 2026, consolidated total income was ₹57,865 crore against ₹58,906 crore a year earlier, and profit after tax ₹12,971 crore. Reported EBITDA was ₹23,431 crore, or ₹21,285 crore without one-time items from earlier periods.1314
Market position
- The company states it is India's largest private power producer by coal and lignite generation capacity, holding 24% of the private sector's capacity and 8.0% of India's total in the year to Mar 2026.15
Where revenue comes from
Plants and capacity
- The company has 18,290 MW of installed thermal capacity, plus a 40 MW solar plant.18
- Thermal capacity by boiler technology1920Supercritical and ultra-supercritical units run at higher steam pressure and temperature and need less fuel for each unit of power.
Item quarter to Jun 2026 Subcritical 7,400 MW Supercritical 9,290 MW Ultra-supercritical 1,600 MW - Over 85% of the company's domestic fuel needs are secured under long- and medium-term contracts, and it is developing coal mines with 14 million tonnes a year of capacity.2122
- In its exchange filing of 21 May 2026, the company said it completed buying Jaiprakash Associates' 180 MW Churk power plant, a 24% stake in Jaiprakash Power Ventures and an 11.49% stake in Prayagraj Power Generation Company.23
Customers and partners
- Long- and medium-term power purchase agreements with state distribution companies cover 95% of the company's operating capacity; the other 5% supplies short-term demand.24
- Sales to its top 4 customers provided 69% of revenue from operations in the year to Mar 2026, against 66% a year earlier.25
- New long-term power purchase agreements already cover 13,320 MW of the company's upcoming capacity, 56% of it.2627
- On its earnings call of 23 Jul 2026, the company said it had signed a 25-year agreement with the Maharashtra distribution company to supply 1,600 MW from an ultra-supercritical thermal power plant.28
Expansion and capital spending
- In its presentation of 22 Aug 2026, the company said it plans to add 23,720 MW through 13 projects by the year to Mar 2032, plus 3 GW at proposal stage; 14,120 MW of the 23,720 MW is at existing plant sites.293031
- On its earnings call of 23 Jul 2026, the company said it aims to grow its portfolio to 45 GW and is on track to commission the 1,320 MW Korba Phase-II project in the year to Mar 2027.32
- The company stated in its annual report for the year to Mar 2026 that it estimates the capital spending for its expansion to the year to Mar 2032 at about ₹2 lakh crore, and expects to fund most of it from its operating cash flows.3314
- On its earnings call of 23 Jul 2026, the company said it expects net debt (borrowings minus cash) to stay between 2 and 3 times its EBITDA over the expansion period.34
Recent events
- On 5 Oct 2026, the company and Druk Green Power, Bhutan's state-owned utility, signed a shareholders agreement for the 770 MW Chamkharchhu hydropower project in Bhutan, to be built through a company in which it is to hold 49%.35
- On 25 Sep 2026, the merger into the company of its wholly owned subsidiaries, among them Korba Power and Vidarbha Industries Power, took effect.36
- On 7 Sep 2026, the creditors' committee of GVK Energy, a company in insolvency proceedings that owns a 330 MW hydroelectric plant in Uttarakhand, approved the company's plan to acquire it. As of that filing, the deal needed approval from the National Company Law Tribunal.37
- On 1 Sep 2026, India Ratings and Research upgraded its credit rating (an agency's view of its ability to repay debt) on debentures and bank loans to IND AA+ from IND AA, with a stable outlook.38
Litigation and regulatory matters
- The Supreme Court ordered in Sep 2024 that the status quo at Coastal Energen's 1,200 MW plant continue until the appeal tribunal rules. Moxie Power Generation, 49% owned by the company, holds the plant; the annual report of 29 May 2026 gives no outcome.39
Last updated
All 39 sources, each with its page
- 1. Annual report, 29 May 2026, page 196
- 2. Annual report, 29 May 2026, page 170
- 3. Annual report, 29 May 2026, page 304
- 4. Annual report, 29 May 2026, page 351
- 5. Annual report, 29 May 2026, page 280
- 6. Annual report, 29 May 2026, page 280
- 7. Annual report, 29 May 2026, page 73
- 8. Investor presentation, 22 Aug 2026, page 7
- 9. Annual report, 29 May 2026, page 175
- 10. Earnings call, 23 Jul 2026, page 4
- 11. Earnings call, 23 Jul 2026, page 3
- 12. Earnings call, 23 Jul 2026, page 5
- 13. Annual report, 29 May 2026, page 172
- 14. Annual report, 29 May 2026, page 26
- 15. Annual report, 29 May 2026, page 38
- 16. Annual report, 29 May 2026, page 351
- 17. Annual report, 29 May 2026, page 196
- 18. Exchange filing, 6 Oct 2026, page 5
- 19. Investor presentation, 22 Aug 2026, page 15
- 20. Annual report, 29 May 2026, page 171
- 21. Annual report, 29 May 2026, page 34
- 22. Investor presentation, 22 Aug 2026, page 21
- 23. Exchange filing, 21 May 2026, page 1
- 24. Investor presentation, 22 Aug 2026, page 22
- 25. Annual report, 29 May 2026, page 351
- 26. Investor presentation, 22 Aug 2026, page 8
- 27. Earnings call, 23 Jul 2026, page 4
- 28. Earnings call, 23 Jul 2026, page 4
- 29. Investor presentation, 22 Aug 2026, page 8
- 30. Investor presentation, 22 Aug 2026, page 19
- 31. Annual report, 29 May 2026, page 170
- 32. Earnings call, 23 Jul 2026, page 4
- 33. Annual report, 29 May 2026, page 25
- 34. Earnings call, 23 Jul 2026, page 12
- 35. Exchange filing, 6 Oct 2026, page 1
- 36. Exchange filing, 25 Sep 2026, page 1
- 37. Exchange filing, 7 Sep 2026, page 1
- 38. Exchange filing, 1 Sep 2026, page 1
- 39. Annual report, 29 May 2026, page 338
Results
Consolidated; ₹ crore.Adani Power quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +17.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +51.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹19,439 Crup 2.84%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹7,019 Crup 44.23%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 36.1%
Revenue by quarter
Peak revenue ₹19,439 Cr, quarter to Sep 2026; lowest ₹12,451 Cr, quarter to Dec 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,671 | 14,237 | 14,109 | 13,457 | 12,451 | 14,223 | 18,902 | 19,439 |
| Net profit | 2,940 | 2,599 | 3,305 | 2,906 | 2,488 | 4,271 | 4,867 | 7,019 |
| Net margin | 21.5% | 18.3% | 23.4% | 21.6% | 20.0% | 30.0% | 25.7% | 36.1% |
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.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹54,241 Crdown 3.49%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,971 Crup 1.74%
- Net margin
- 23.9%
Revenue by year
Peak revenue ₹56,203 Cr, year to Mar 2025; lowest ₹20,611 Cr, year to Mar 2018
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 4 of the 10 years shown
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,784 | 20,611 | 23,884 | 26,468 | 26,221 | 27,711 | 38,773 | 50,351 | 56,203 | 54,241 |
| Net profit | −6,174 | −2,119 | −984 | −2,275 | 1,270 | 4,912 | 10,727 | 20,829 | 12,750 | 12,971 |
| Net margin | −27.1% | −10.3% | −4.1% | −8.6% | 4.8% | 17.7% | 27.7% | 41.4% | 22.7% | 23.9% |
Consolidated. Years to March. 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
One segment, Power Generation and related activities, carries all the revenue in the year to Mar 2026. From the quarter to Sep 2026 it reports 2 businesses, by share of revenue: Power Generation and related activities, 97.2% and Trading, investment and other activities, 2.8%.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Adani Power PE ratio and valuation
Price to earnings
At or below today's level on 60% of 679 trading days over the last 3 years.
LowestHighest
Its median17.50Industry median18.95
Price to book
At or below today's level on 67% of 1,982 trading days since Nov 2018.
LowestHighest
Its median3.61Industry median1.47
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +47.7% | −0.8% | +48.9% | 0.0% |
| 3 years | +57.8% | +10.4% | +42.8% | 0.0% |
| 5 years | +54.6% | +253.5% | −56.2% | 0.0% |
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 year 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.
Mutual fund holdings
219 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 141 of the 159 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. 1 more fund filed its first portfolio on record, holding it.All 219 funds holding Adani Power
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 11
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 114
- CutCut. Funds that held fewer shares than at the end of the month before.
- 45
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 43
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 12
| Fund | |||
|---|---|---|---|
 SBI Aggressive Hybrid FundSBI Mutual Fund | 13,00,00,000 | 3.08% | ₹2,652.0 Cr |
| SBI Focused FundSBI Mutual Fund | 11,00,00,000 | 4.47% | ₹2,244.0 Cr |
 quant Small Cap Fundquant Mutual Fund | 6,21,01,565 | 3.56% | ₹1,266.9 Cr |
| quant ELSS Tax Saver Fundquant Mutual Fund | 5,83,86,294 | 9.09% | ₹1,191.1 Cr |
 Kotak Arbitrage FundKotak Mahindra Mutual Fund | 5,26,46,500 | 1.43% | ₹1,074.0 Cr |
| SBI Multicap FundSBI Mutual Fund | 4,00,00,000 | 3.48% | ₹816.0 Cr |
 Invesco India Arbitrage FundInvesco Mutual Fund | 3,15,09,800 | 2.11% | ₹642.8 Cr |
| quant Flexi Cap Fundquant Mutual Fund | 2,87,10,097 | 8.01% | ₹585.7 Cr |
| SBI Arbitrage FundSBI Mutual Fund | 2,33,73,200 | 1.03% | ₹476.8 Cr |
 ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 1,91,55,800 | 1.10% | ₹390.8 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 31 Oct 2025.Adani Power 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
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 Power competitors and peers
Power Generation, 36 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Adani Power in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 NTPCNTPC | 3,06,657 | 11.05 | 1.51 | +2.4% | +15.9% | 14.3% | 8.1% | 2.85% |
 Adani Green EnergyADANIGREEN | 2,13,919 | 114.15 | 9.91 | +20.9% | −7.1% | 9.1% | 6.3% | 0.00% |
 JSW EnergyJSWENERGY | 91,738 | 39.56 | 2.50 | +26.4% | +14.6% | 7.0% | 6.0% | 0.40% |
 NHPCNHPC | 78,090 | 20.57 | 1.88 | +12.0% | +24.1% | 9.4% | 3.6% | 2.07% |
 NTPC Green EnergyNTPCGREEN | 69,467 | 105.76 | 3.58 | +49.2% | +8.2% | 3.4% | 3.3% | 0.00% |
 NLC IndiaNLCINDIA | 31,608 | – | 1.47 | +16.8% | – | – | 6.8% | 1.69% |
 Acme Solar HoldingsACMESOLAR | 28,614 | 37.81 | 3.42 | +53.7% | – | 11.5% | 5.3% | 0.05% |
 SJVNSJVN | 20,981 | 21.22 | 1.40 | +98.9% | +77.5% | 6.7% | 6.2% | 2.81% |
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.
Latest announcements
Routine notices left out.Adani Power announcements
Oct 2026
26 Oct · Analysts
23 Oct · Results
19 Oct · Analysts
14 Oct · General Updates
7 Oct · Analysts
Adani Power share price by year
Each calendar year to 2025.Adani Power share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 142.99 | +35.0% | 170.78 | 89.98 |
| 2024 | 105.89 | +0.8% | 174.90 | 87.53 |
| 2023 | 105.03 | +75.3% | 112.48 | 27.87 |
| 2022 | 59.91 | +200.5% | 86.50 | 19.97 |
| 2021 | 19.94 | +100.2% | 30.82 | 9.80 |
| 2020 | 9.96 | −19.4% | 12.99 | 5.13 |
| 2019 | 12.36 | +21.3% | 14.32 | 6.79 |
| 2018 | 10.19 | +22.2% | 11.57 | 3.09 |
| 2017 | 8.34 | +38.8% | 8.86 | 5.34 |
| 2016 | 6.01 | −6.8% | 7.04 | 4.78 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 184.59 | 192.89 | 183.80 | 191.20 | 189.42 | 2,43,46,504 | 40.4% |
| 28 Oct 2026 | 188.00 | 188.00 | 183.26 | 184.59 | 184.59 | 1,23,57,220 | 35.6% |
| 27 Oct 2026 | 185.79 | 189.15 | 185.10 | 188.69 | 187.59 | 2,00,43,152 | 38.4% |
| 26 Oct 2026 | 182.04 | 186.60 | 177.74 | 186.55 | 183.76 | 2,30,91,797 | 26.5% |
| 23 Oct 2026 | 185.27 | 185.90 | 175.31 | 182.04 | 178.75 | 4,61,37,372 | 35.0% |
| 22 Oct 2026 | 188.05 | 188.06 | 183.00 | 185.27 | 184.95 | 1,33,70,983 | 33.3% |
| 21 Oct 2026 | 194.08 | 194.77 | 185.90 | 187.09 | 188.59 | 1,88,40,459 | 46.4% |
| 19 Oct 2026 | 195.00 | 197.16 | 192.63 | 194.08 | 194.82 | 85,37,257 | 33.5% |
| 16 Oct 2026 | 196.50 | 198.23 | 193.50 | 195.85 | 196.44 | 1,55,52,468 | 36.9% |
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.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Sep 2025 | Split | 0.2000 | Each share became 5. |
| 12 Mar 2020 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 10 Oct 2018 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.
Company details
- NSE symbol
- ADANIPOWER
- BSE code
- 533096
- ISIN
- INE814H01029
- Industry
- Power
- Website
- www.adani.com
- CIN
- L40100GJ1996PLC030533
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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