ADANI ENERGY SOLUTION LTD·TRANSMISSION & DISTRIBUTION 59.00ADANI GROUP 73.73GENERATION 47.43·Power Companies

Price

1,618.5

-2.24%
O:1660.5
H:1685
L:1610.1
C:1618.5

52W Range

744.91712
+117%/-5%

Market Cap

₹1,94,427.60 Cr

Traded: ₹392.90 Cr (0.20%) 0.0x

Free Float: ₹6,804.97 Cr (5.77% of FF traded)

Volume · 60D trend

23.79 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+6% 3M:+17% 6M:+64% 12M:+68%

Valuation

P/E85.2
P/B7.7
P/S7.0
EV/EBIT19.3

Business Strength

ROE12.8%
ROCE10.2%
OPM29.0%
NPM8.7%

Growth (3Y CAGR)

EPS+115.4%
Sales+28.0%
Profit+22.0%
3Y Return+12.0%

Balance Sheet

Debt/Equity1.9
Debt48,898 Cr
Pledge0.5%
CWIP/Fixed Asset4.4%

Cash Position

CFO/NP459.6%
FCF-3,435 Cr
FCF 3Y Avg-3,510 Cr
Cash/MCap2.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle76 days
Tradeable Free Float3.5%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 141.98 Cr
2.09% FF
60d high
₹ 190.76 Cr
60d low
₹ 44.08 Cr
60d mean
₹ 121.34 Cr
vs mean
▲ 17.01%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+12.0%
+11.0%
+11.0%
--
--
Stable
Return
+45.0%
+5.0%
+12.0%
+45.0%
--
Accelerating
Sales
+29.0%
+23.0%
+28.0%
--
+16.0%
Stable
Profit
+20.0%
+13.0%
+22.0%
--
-4.0%
Stable

Quarterly Results

Mar 2026

23 Apr
Rev
7.4K Cr
+17% YoY+11% QoQ
OPM29.0%
NPM9.7%
PAT
+6% YoY723 Cr
EPS
+6% YoY5.7

Dec 2025

22 Jan
Rev
6.7K Cr
+15% YoY+2% QoQ
OPM30.0%
NPM8.5%
PAT
-2% YoY574 Cr
EPS
-2% YoY4.6

Sep 2025

Rev
6.6K Cr
+7% YoY-3% QoQ
OPM30.0%
NPM8.4%
PAT
-21% YoY557 Cr
EPS
-21% YoY4.4

Jun 2025

Rev
6.8K Cr
+27% YoY+7% QoQ
OPM27.0%
NPM7.9%
PAT
+317% YoY539 Cr
EPS
+158% YoY4.3

Mar 2025

Rev
6.4K Cr
+35% YoY+9% QoQ
OPM32.0%
NPM11.2%
PAT
+79% YoY714 Cr
EPS
+66% YoY5.4

Dec 2024

Rev
5.8K Cr
+28% YoY-6% QoQ
OPM28.0%
NPM10.7%
PAT
+73% YoY625 Cr
EPS
+61% YoY4.7

Sep 2024

Rev
6.2K Cr
+68% YoY+15% QoQ
OPM28.0%
NPM12.5%
PAT
+145% YoY773 Cr
EPS
+128% YoY5.6

Jun 2024

Rev
5.4K Cr
+47% YoY+14% QoQ
OPM31.0%
NPM-22.1%
PAT
-30% YoY-1.2K Cr
EPS
-571% YoY-7.4

Mar 2024

Rev
4.7K Cr
+40% YoY+3% QoQ
OPM33.0%
NPM8.1%
PAT
-7% YoY381 Cr
EPS
-7% YoY3.2

Dec 2023

Rev
4.6K Cr
+28% YoY+24% QoQ
OPM32.0%
NPM7.6%
PAT
-32% YoY348 Cr
EPS
-32% YoY2.9

Sep 2023

Rev
3.7K Cr
--+0% QoQ
OPM37.0%
NPM7.7%
PAT
+34% YoY284 Cr
EPS
--2.5

Jun 2023

Rev
3.7K Cr
--+9% QoQ
OPM35.0%
NPM5.0%
PAT
-6% YoY182 Cr
EPS
--1.6

Mar 2023

Rev
3.4K Cr
---5% QoQ
OPM36.0%
NPM13.1%
PAT
+70% YoY440 Cr
EPS
--3.5

Dec 2022

Rev
3.6K Cr
----
OPM42.0%
NPM13.5%
PAT
+78% YoY478 Cr
EPS
--4.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity1.93
Interest Coverage12.5x
Promoter Pledge0.5%
Borrowings49.2K Cr

Efficiency

Receivable Days76 days
Inventory Days days
Payable Days days
Cash Conversion cycle76 days

Cash Position

Operating Cash Flow11.0K Cr
Investing Cash Flow-14.1K Cr
Financing Cash Flow2.6K Cr
Free Cash Flow-3.4K Cr

Detailed Financials

Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sales7,4436,7306,5966,8196,3755,8306,1845,3794,7074,5633,6743,6643,3583,552
Expenses5,2984,7344,6405,0094,3354,1704,4693,7283,1413,0922,3242,3952,1542,074
Operating Profit2,1451,9951,9551,8112,0401,6611,7151,6511,5661,4711,3501,2691,2031,478
OPM %29.0%30.0%30.0%27.0%32.0%28.0%28.0%31.0%33.0%32.0%37.0%35.0%36.0%42.0%
Other Income227215171206222170176-1,39520426293108502230
Interest954913872894826809813811750760641616630697
Depreciation508496509465462462484498468458432419416410
Profit Before Tax910801746658974559594-1,053552515370343660600
Tax %21.0%28.0%25.0%18.0%27.0%-12.0%-30.0%13.0%31.0%32.0%23.0%47.0%33.0%20.0%
Net Profit723574557539714625773-1,191381348284182440478
Exceptional Items0000000-1,506000000
EPS (Rs)5.74.64.44.35.44.75.6-7.43.22.92.51.63.54.3
Sales Growth (YoY)16.8%15.4%6.7%26.8%35.4%27.8%68.3%46.8%40.2%28.5%--------
Sales Growth (QoQ)10.6%2.0%-3.3%7.0%9.3%-5.7%15.0%14.3%3.2%24.2%0.3%9.1%-5.5%--
OP Growth (YoY)5.1%20.1%14.0%9.7%30.3%12.9%27.0%30.1%30.2%-0.5%--------
OP Growth (QoQ)7.5%2.0%8.0%-11.2%22.8%-3.1%3.9%5.4%6.5%9.0%6.4%5.5%-18.6%--
Profit Growth (YoY)6.0%-2.0%-21.0%317.0%79.0%73.0%145.0%-30.0%-7.0%-32.0%34.0%-6.0%70.0%78.0%
EPS Growth (YoY)5.6%-1.7%-21.0%157.8%66.4%60.8%127.5%-570.7%-7.2%-31.7%--------
EPS Growth (QoQ)23.7%3.6%4.0%-20.8%15.2%-16.7%176.1%-328.1%11.3%17.8%57.3%-55.0%-18.1%--
OP Margin28.8%29.6%29.6%26.6%32.0%28.5%27.7%30.7%33.3%32.2%36.7%34.6%35.8%41.6%
Net Margin9.7%8.5%8.4%7.9%11.2%10.7%12.5%-22.1%8.1%7.6%7.7%5.0%13.1%13.5%
Material Cost %--3.4%2.9%2.8%5.7%5.9%7.9%3.1%2.4%16.2%4.8%0.0%5.3%7.7%
Employee Cost %--4.7%3.6%3.4%3.7%3.9%4.7%5.1%3.8%5.7%7.3%6.6%9.1%6.4%
P/S7.056.20------------------------
P/E85.1873.16------------------------
P/B7.657.03------------------------

Shareholding Pattern

Shareholders:4.0L (+25.0%)
Current MixMar 2026

Exchange Filings

50
Company Update09 Jul 2026

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015

Company Update08 Jul 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

Company Update03 Jul 2026

Newspaper Advertisement-Notice of Extra-Ordinary General meeting through Video Conferencing / Other Audio Visual Means ("VC/ OAVM") facility and Remote E-voting Information

AGM/EGM02 Jul 2026

Notice of Extra Ordinary General Meeting of the Company

Company Update01 Jul 2026

Change in Senior Management Personnel of the Company

Board Meeting01 Jul 2026

Outcome of Board Meeting

Board Meeting30 Jun 2026

Adani Energy Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/07/2026 ,inter alia, to consider and approve Board Meeting Intimation ....

Company Update30 Jun 2026

Update on ESG rating

Board Meeting27 Jun 2026

Adani Energy Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/07/2026 ,inter alia, to consider and approve Board Meeting Intimation ....

AGM/EGM26 Jun 2026

Voting Results of 13th Annual General Meeting of the Company

AGM/EGM25 Jun 2026

Proceedings of the 13th Annual General Meeting of the Company held on June 25, 2026

Company Update20 Jun 2026

Intimation of Credit Rating

Insider Trading / SAST12 Jun 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Infinite Trade & Investments Ltd & Others

Company Update09 Jun 2026

Signing the Securities Purchase and Subscription Agreement for Acquisition of 100% Equity Shares of Intellismart Infrastructure Private Limited

Company Update09 Jun 2026

Adani Energy Solutions to acquire IntelliSmart, one of India''s Largest Smart Meter Players

Company Update02 Jun 2026

Intimation of Record date and e-voting information - 13th Annual General Meeting

Company Update01 Jun 2026

Incorporation of New Wholly Owned Subsidiaries

Others31 May 2026

Notice of 13th Annual General Meeting along with Integrated Annual Report of the Company for the financial year 2025-26

AGM/EGM31 May 2026

Notice of Annual General Meeting of the Company

Others31 May 2026

Business Responsibility and Sustainability Report

Company Update30 May 2026

Change in Chief Financial Officer and Key Managerial Personnel of the Company

Company Update29 May 2026

Newspaper advertisement of 13th Annual General Meeting through Video Conferencing or Other Audio Visual Means ("VC/OAVM") facility

Company Update29 May 2026

Annual Secretarial Compliance Certificate for the Year ended March 31, 2026

Company Update06 May 2026

Intimation of Interaction with Investors

Company Update30 Apr 2026

Transcript of Earnings call pertaining to Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026

Company Update28 Apr 2026

Update on Credit Rating

Company Update24 Apr 2026

Change in Internal Auditor and Senior Management Personnel of the Company

Company Update24 Apr 2026

Audio Recording of Analyst''s / Investor''s call pertaining to Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2026

Board Meeting23 Apr 2026

Board Meeting Outcome to consider and approve Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026

Company Update23 Apr 2026

Media Release on Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026

Result23 Apr 2026

Board Meeting Outcome to Consider and Approve Audited Financial Results (Standalone and Consolidated) for the Quarter and Financial Year ended March 31, 2026.

Company Update23 Apr 2026

Investors'' Presentation on Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026

Company Update23 Apr 2026

Monitoring Agency Report and Statement of Deviation and Variation for the Quarter ended March 31, 2026

Company Update20 Apr 2026

Details of Investor Calls

Company Update15 Apr 2026

ESG Rating by CARE ESG Ratings Limited

Company Update14 Apr 2026

Adani Energy Commissions 1,000 MW Power Link to bring More Clean Energy into Mumbai

Company Update10 Apr 2026

Provisional Operation Updates - Q4 FY26

Company Update06 Apr 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026

Board Meeting02 Apr 2026

Adani Energy Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2026 ,inter alia, to consider and approve Audited Financial Results ....

Company Update31 Mar 2026

Intimation for Execution of Share Purchase Agreement for acquiring 100% Equity Shares of South Kalamb Power Transmission Limited

Insider Trading / SAST28 Mar 2026

Intimation for Closure of Trading Window

Insider Trading / SAST25 Mar 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gelt Bery and Investment Ltd & Others

Company Update18 Mar 2026

Intimation of Interaction with Investors

Company Update12 Mar 2026

Intimation regarding Issuance and Redemption of Senior Secured Notes

Company Update11 Mar 2026

Intimation of Interaction with Investors

AGM/EGM25 Feb 2026

Scrutinizers Report along with Voting Results of Postal Ballot

Company Update21 Feb 2026

Update on Credit Rating

Company Update05 Feb 2026

Adani Energy Solutions delivers landmark 1 Crore Smart Meters across discoms

Others02 Feb 2026

Clarification on News Article

Company Update01 Feb 2026

The Exchange has sought clarification from Adani Energy Solutions Ltd on February 01, 2026, with reference to news appeared in https://www.thehindubusinessline.com dated February 1, 2026 ....

BSE

Annual Reports

10

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Credit Ratings

6
crisilRating update
03 Sept 2025Report
icraRating update
28 Feb 2025Report
fitchRating update
24 Dec 2024Report
crisilRating update
29 Nov 2024Report
crisilRating update
16 Oct 2024Report
icraRating update

Concalls

35

Apr 2026

30 Apr 2026

Jan 2026

31 Jan 2026

Oct 2025

31 Oct 2025

Jul 2025

31 Jul 2025

Apr 2025

30 Apr 2025

Jan 2025

31 Jan 2025

Oct 2024

31 Oct 2024

Jul 2024

31 Jul 2024

Jul 2024

31 Jul 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

May 2023

31 May 2023

Feb 2022

28 Feb 2022

Nov 2021

30 Nov 2021

Oct 2021

31 Oct 2021

Aug 2021

31 Aug 2021

May 2021

31 May 2021

Mar 2021

31 Mar 2021

Mar 2021

31 Mar 2021

Mar 2021

31 Mar 2021

Feb 2021

28 Feb 2021

Feb 2021

28 Feb 2021

Feb 2021

28 Feb 2021

Feb 2021

28 Feb 2021

Nov 2020

30 Nov 2020

Oct 2020

31 Oct 2020

Sep 2020

30 Sept 2020

Feb 2020

29 Feb 2020

Dec 2019

31 Dec 2019

Aug 2019

31 Aug 2019

May 2019

31 May 2019

Sep 2017

30 Sept 2017

Jul 2016

31 Jul 2016

Held by ETFs

31 ETFs hold ADANIENSOL · sorted by weight

#ETFWeight %
1

HDFCMOMENT

HDFCAMC - HDFCMOMENT

3.02%
2

ABSLNN50ET

BIRLASLAMC - ABSLNN50ET

2.08%
3

MONEXT50

MOTILALAMC - MONEXT50

2.08%
4

SETFNN50

SBI-ETF NIFTY NEXT 50

2.08%
5

ENEXT50

EDELAMC - ENEXT50

2.08%
6

JUNIORBEES

NIP IND ETF JUNIOR BEES

2.08%
7

NEXT50ADD

DSPAMC - NEXT50ADD

2.08%
8

GROWWNXT50

GROWWAMC - GROWWNXT50

2.07%
9

NEXT50BETA

UTIAMC-NEXT50BETA

2.00%
10

MOENERGY

MOTILALAMC - MOENERGY

1.76%
11

ENERGY

MIRAEAMC - ENERGY

1.76%
12

INFRA

MIRAEAMC - INFRA

1.42%
13

NIFTY100EW

KOTAKMAMC - NIFTY100EW

1.41%
14

ESG

MIRAEAMC - MAESGETF

0.58%
15

EQUAL200

MIRAEAMC - EQUAL200

0.55%
16

NIF100IETF

ICICI PRUD NIFTY 100 ETF

0.39%
17

TOP100CASE

ZERODHAAMC - TOP100CASE

0.39%
18

MONIFTY100

MOTILALAMC - MONIFTY100

0.39%
19

NEXT50IETF

ICICIPRAMC - ICICINXT50

2.09%
20

NIF100BEES

NIP IND ETF NIFTY 100

0.39%
21

LICNFNHGP

LICNAMC - LICNFNHGP

0.36%
22

HDFCNIF100

HDFCAMC - HDFCNIF100

0.37%
23

GROWWN200

GROWWAMC - GROWWN200

0.32%
24

BSE500IETF

ICICIPRAMC - ICICI500

0.28%
25

MONIFTY500

MOTILALAMC - MONIFTY500

0.27%
26

AONETOTAL

AONEAMC - AONETOTAL

0.26%
27

HDFCBSE500

HDFCAMC - HDFCBSE500

0.25%
28

MULTICAP

MIRAEAMC - MULTICAP

0.20%
29

ELM250

EDELAMC - ELM250

0.19%
30

NEXT50

MIRAEAMC - MANXT50

2.08%
31

NEXT50ETF

KOTAKMAMC - NEXT50ETF

2.09%

Held by Mutual Funds

8 schemes hold ADANIENSOL · sorted by weight

#SchemeWeight %
1

SBI Equity Hybrid Fund

SBI Mutual Fund

3.63%
2

Quant Mid Cap Fund

Quant Mutual Fund

1.99%
3

Quant Infrastructure Fund

Quant Mutual Fund

1.55%
4

SBI Energy Opportunities Fund

SBI Mutual Fund

1.36%
5

SBI Arbitrage Opportunities Fund

SBI Mutual Fund

1.02%
6

SBI Mid Cap Direct Plan-Growth

SBI Mutual Fund

3.20%
7

SBI Infrastructure Fund

SBI Mutual Fund

3.79%
8

SBI Focused Fund

SBI Mutual Fund

4.92%