- Next results date: the board meets on 23 Oct 2026 to consider: financial results.
- 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.
- ₹3,51,059 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. The filing of 22 Jul 2026
- 24.6
- 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. The filing of 29 Apr 2026
- 5.4
- 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. The filing of 22 Jul 2026
- 23.5%
- 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. The filing of 22 Jul 2026
- 14.5%
- 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 Mar 2026.
- 0.81
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,61,37,37235.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 23 Oct
- 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.
- ₹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.
- 36.1%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Dec 2024Filed 29 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 1 Aug | Sep 2025Filed 30 Oct | Dec 2025Filed 29 Jan | Mar 2026Filed 29 Apr | Jun 2026Filed 22 Jul | Sep 2026Filed 23 Oct |
|---|---|---|---|---|---|---|---|---|
| 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 marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 21.5% | 18.3% | 23.4% | 21.6% | 20.0% | 30.0% | 25.7% | 36.1% |
Business segments
One segment, Power Generation and related activities, carries all the revenue in the year to Mar 2026.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
At or below today's level on 74% of 674 trading days over the last 3 years.
At or below today's level on 78% of 1,977 trading days since Nov 2018.
At or below today's level on 86% of 1,977 trading days since Nov 2018.
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% |
Mutual funds holding it
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.Mutual fund holdings
- 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.
- 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 |
Peers and competitors
Power Generation, 36 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Adani Power in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 NTPCNTPC | 2,88,961 | 10.4 | 1.4 | 9.3 | +2.4% | +15.9% | 14.3% | 8.1% | 3.02% |
 Adani Green EnergyADANIGREEN | 1,95,207 | 104.2 | 9.0 | 23.6 | +20.9% | −7.1% | 9.1% | 6.3% | 0.00% |
 JSW EnergyJSWENERGY | 82,241 | 41.8 | 2.7 | 15.0 | +35.4% | −9.4% | 6.8% | 6.2% | 0.45% |
 NHPCNHPC | 70,155 | 18.5 | 1.7 | 20.5 | +12.0% | +24.1% | 9.4% | 3.6% | 2.31% |
 NTPC Green EnergyNTPCGREEN | 68,430 | 112.7 | 3.6 | 33.9 | – | – | 3.2% | 3.4% | 0.00% |
 NLC IndiaNLCINDIA | 31,685 | – | 1.5 | 9.6 | +16.8% | – | – | 6.8% | 1.68% |
 Acme Solar HoldingsACMESOLAR | 26,285 | 43.6 | – | – | +47.5% | – | 12.6% | 6.4% | 0.05% |
 SJVNSJVN | 18,627 | 29.1 | 1.3 | 13.8 | +60.5% | −7.4% | 4.5% | 5.1% | 3.16% |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
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 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 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% |
| 15 Oct 2026 | 195.15 | 197.65 | 192.80 | 196.50 | 195.46 | 1,45,57,604 | 36.0% |
| 14 Oct 2026 | 185.96 | 196.98 | 184.12 | 195.15 | 191.84 | 3,65,59,271 | 30.4% |
| 13 Oct 2026 | 186.90 | 187.20 | 182.85 | 185.96 | 184.87 | 1,49,25,055 | 38.1% |
| 12 Oct 2026 | 189.75 | 190.99 | 185.31 | 185.90 | 187.61 | 1,33,31,869 | 33.7% |
| 9 Oct 2026 | 188.00 | 191.60 | 187.25 | 189.00 | 189.39 | 1,88,64,523 | 35.8% |
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. |
About Adani Power
Adani Power Limited generates electricity at coal-based thermal power plants. It was incorporated in 1996 and is headquartered in Ahmedabad. Its operating capacity is 18,150 MW, which includes a 40 MW solar plant. Long-term power purchase agreements, which are contracts to buy power over a fixed period, cover 15.8 GW of its existing capacity, and medium-term agreements cover 1.6 GW. It has 3,967 permanent employees.
Its plants supply eight Indian states: Gujarat, Maharashtra, Rajasthan, Haryana, Karnataka, Chhattisgarh, Madhya Pradesh and Tamil Nadu. Named sites include Mundra in Gujarat, Tiroda in Maharashtra, Kawai in Rajasthan, Raipur in Chhattisgarh and Udupi in Karnataka. The plants at Mahan, Tuticorin, Korba and Butibori are held through subsidiaries. Of the operating capacity, 84% is at plants near coal mine pitheads or on the coast. Capacity of 23,720 MW is under construction.
The company started operations in 2006, when construction of its first power plant began at Mundra. In the year to March 2026 it acquired Vidarbha Industries Power Limited, a company under insolvency proceedings, after a tribunal approved its resolution plan. That company owns a 600 MW plant at Butibori, near Nagpur. Adani Power (Jharkhand) Limited ceased to be a subsidiary on 4 April 2025, when it was amalgamated with the company.
It belongs to the Adani portfolio of companies, which is headquartered in Ahmedabad and was founded in 1988 by Gautam Adani. It comprises 13 listed companies.
- Legal name
- Adani Power Limited
- NSE symbol
- ADANIPOWER
- BSE code
- 533096
- ISIN
- INE814H01029
- Industry
- Power
- Listed
- Aug 2009
- Face value
- ₹2
- CIN
- L40100GJ1996PLC030533
- Corporate identity number, the registrar of companies' code for it