Adani Energy Solutions Limited

BSE: ADANIENSOL539254ISIN INE931S01010

Utilities
Power Distribution
BSE 200

BSE listing

Share price

₹1,415.00+33.00 (+2.39%)

as of 18 Sep 2026

52W high: ₹1,789.00
52W low: ₹804.70
Off 52W high: -20.91%
1M return: -8.12%
3M return: -6.07%
6M return: +40.11%
1Y return: +68.86%
20D avg volume: 1,65,043
50 DMA: ₹1,568.51
200 DMA: ₹1,267.09

Key ratios Consolidated

Market cap: ₹1,73,048 Cr
Current price: ₹1,415.00
52W high / low: ₹1,789.00 / ₹804.70
Face value: ₹10.00
P/E: 56.00
P/B: —
EPS (TTM): ₹25.27
Book value / share: —
ROE: —
ROCE: 10.10%
Operating margin: —
Net margin: —
Debt / equity: 1.84
Net debt: ₹47,164 Cr
Interest cover: 2.16
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 18.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	9,711	7,443	6,730	6,596	6,819	6,375	5,830	6,184	5,379	4,707	4,563	3,674
	141.12	144.81	214.79	171.32	206.21	221.81	170.13	176.10	111.42	148.33	261.69	92.59
	8,440	6,760	5,803	5,688	5,864	5,412	4,976	5,694	4,443	4,359	4,253	3,242
	0.00	1,516	1,508	1,601	1,724	1,333	1,476	1,761	1,638	1,268	1,468	1,264
	67.22	391.94	230.69	189.47	192.04	365.90	343.77	490.20	165.87	114.71	737.46	176.77
	227.97	307.64	317.51	236.26	231.23	233.92	229.91	292.94	276.17	179.44	259.46	270.00
	1,152	954.26	912.95	871.66	894.03	826.17	809.12	812.94	810.93	749.99	760.04	640.81
	585.35	507.81	496.19	509.41	464.82	461.65	462.38	484.07	497.85	467.51	457.64	432.05
	6,407	3,083	2,338	2,281	2,358	2,191	469.59	1,853	1,054	1,579	570.92	458.47
	1,412	827.75	1,141	1,079	1,162	1,185	1,024	665.92	1,047	496.35	571.36	524.30
	28.55	0.00	0.00	0.00	0.00	0.00	-0.14	0.24	-1,507	0.00	0.00	-154.43
	1,441	827.75	1,141	1,079	1,162	1,185	1,024	666.16	-460.44	496.35	571.36	369.87
	155.91	187.42	227.00	188.57	119.11	287.41	66.07	178.92	136.57	168.59	166.18	84.90
	1,237	722.65	574.06	557.10	538.94	686.54	625.30	773.39	-1,191	381.29	348.25	284.09
	9.57	5.27	6.34	6.19	6.88	6.57	4.85	6.09	-7.39	2.94	2.92	2.47
Key metrics
	3,178	2,290	2,551	2,460	2,521	2,473	2,295	1,963	848.34	1,714	1,789	1,443
	32.70%	30.80%	37.90%	37.30%	37.00%	38.80%	39.40%	31.70%	15.80%	36.40%	39.20%	39.30%
	12.70%	9.70%	8.50%	8.40%	7.90%	10.80%	10.70%	12.50%	-22.10%	8.10%	7.60%	7.70%
	—	2.30%	—	2.80%	—	3.10%	—	—	—	—	—	—
	42.40%	16.80%	15.40%	6.70%	26.80%	35.40%	27.80%	68.30%	—	—	—	—
	129.40%	5.30%	-8.20%	-28.00%	145.30%	80.10%	79.60%	172.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	30,480	27,588	23,767	16,607	13,293	11,258	9,926	11,416	7,305	3,944
	672.04	737.13	679.46	610.95	547.74	603.95	532.60	265.33	255.35	110.71
	26,691	24,115	20,525	14,979	13,164	10,843	9,422	10,575	6,816	2,584
	4,624	6,348	5,584	5,459	5,224	2,779	2,887	3,697	2,291	—
	879.32	1,004	1,366	1,029	755.13	821.23	755.89	924.21	838.94	—
	1,089	1,093	1,033	951.70	986.65	885.07	930.76	973.24	586.92	42.25
	3,891	3,633	3,259	2,767	2,781	2,365	2,117	2,238	1,391	885.63
	2,099	1,978	1,906	1,776	1,608	1,427	1,329	1,174	882.15	—
	14,109	10,059	7,377	2,996	1,809	2,566	1,402	1,567	826.24	260.61
	4,461	4,210	3,922	2,240	676.14	1,018	1,037	1,107	744.40	1,472
	28.55	0.00	-1,506	-460.01	1,036	682.47	582.81	0.00	0.00	0.00
	4,490	4,210	2,416	1,780	1,712	1,700	1,620	1,107	744.40	1,472
	758.90	722.09	178.99	580.13	435.33	436.06	424.23	542.88	281.04	328.74
	3,090	2,393	921.69	1,196	2,316	1,236	1,290	706.49	559.20	1,143
	27.37	24.68	16.14	12.87	11.10	8.90	5.75	2.94	2.30	—
Key metrics
	10,479	9,822	7,581	6,322	6,101	5,493	5,066	4,519	3,018	2,357
	34.38%	35.60%	31.90%	38.10%	45.90%	48.80%	51.00%	39.60%	41.30%	59.80%
	10.14%	8.70%	3.90%	7.20%	17.40%	11.00%	13.00%	6.20%	7.70%	29.00%
	—	10.10%	8.90%	—	—	—	—	—	—	—
	—	16.10%	43.10%	24.90%	18.10%	13.40%	-13.00%	56.30%	85.20%	—
	—	159.60%	-22.90%	-48.40%	87.40%	-4.20%	82.50%	26.30%	-51.10%	—
	—	-3,435	-682.92	—	—	—	—	—	—	—
	—	4.60	9.43	—	—	—	—	—	—	—
	—	1.84	1.75	—	—	—	—	—	—	—
	—	47,164	38,016	—	—	—	—	—	—	—
	—	18.7	29.0	—	—	—	—	—	—	—
Balance sheet
	—	92,835	73,960	—	—	—	—	—	—	—
	—	17,826	13,587	—	—	—	—	—	—	—
	—	1,735	2,190	—	—	—	—	—	—	—
	—	5,734	4,218	—	—	—	—	—	—	—
	—	669.45	625.24	—	—	—	—	—	—	—
	—	3,708	2,566	—	—	—	—	—	—	—
	—	44,227	37,049	—	—	—	—	—	—	—
	—	4,994	2,956	—	—	—	—	—	—	—
	—	15,446	9,923	—	—	—	—	—	—	—
	—	48,898	40,206	—	—	—	—	—	—	—
	—	3,531	3,214	—	—	—	—	—	—	—
	—	45,367	36,992	—	—	—	—	—	—	—
	—	26,526	23,011	—	—	—	—	—	—	—
Cash flow
	—	10,997	8,695	—	—	—	—	—	—	—
	—	-14,083	-15,228	—	—	—	—	—	—	—
	—	2,630	7,975	—	—	—	—	—	—	—
	—	14,432	9,378	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	918.59	1,252	640.48	664.82	825.46	1,007	348.69	468.17	113.89	415.67	885.01	202.23
	285.17	351.06	295.60	306.09	287.32	333.14	309.51	270.44	195.47	175.43	200.84	193.07
	1,140	1,395	801.02	832.33	962.78	1,134	494.44	558.94	232.72	516.76	971.52	289.92
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	565.74	688.31	314.00	474.15	626.83	855.41	213.65	249.25	76.39	91.84	737.46	176.78
	5.49	2.11	1.50	1.09	1.41	0.19	2.50	2.56	1.61	1.20	0.45	0.26
	277.37	251.92	216.98	197.58	159.73	141.55	136.48	131.74	120.18	107.80	102.96	81.16
	0.32	0.32	0.31	0.32	0.28	0.26	0.15	0.10	0.09	0.10	0.09	0.12
	291.05	452.81	268.23	159.19	174.53	136.20	19.71	3.33	5.35	18.87	130.56	31.60
	63.79	207.72	135.06	138.58	150.00	206.53	163.76	179.67	76.64	74.34	114.33	105.38
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	63.79	207.72	135.06	138.58	150.00	206.53	163.76	179.67	76.64	74.34	114.33	105.38
	14.69	8.59	20.85	37.23	6.43	8.85	—	—	—	—	—	—
	49.10	199.13	114.21	101.35	156.43	197.68	163.76	179.67	76.64	74.34	114.33	105.38
	0.41	1.65	0.95	0.85	1.30	1.65	1.38	1.55	0.69	0.66	1.03	0.94
Key metrics
	341.48	459.96	352.35	336.48	310.01	348.34	300.39	311.51	196.91	182.24	217.38	186.66
	37.20%	36.70%	55.00%	50.60%	37.60%	34.60%	86.10%	66.50%	172.90%	43.80%	24.60%	92.30%
	5.30%	15.90%	17.80%	15.20%	19.00%	19.60%	47.00%	38.40%	67.30%	17.90%	12.90%	52.10%
	—	1.50%	—	1.20%	—	1.30%	—	—	—	—	—	—
	11.30%	24.30%	83.70%	42.00%	624.80%	142.30%	-60.60%	131.50%	—	—	—	—
	-68.60%	0.70%	-30.30%	-43.60%	104.10%	165.90%	43.20%	70.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,476	3,383	1,938	1,517	688.00	739.81	755.23	857.79	832.83	835.29
	1,238	1,240	1,109	994.54	614.79	700.86	679.43	795.83	798.58	775.03
	4,169	3,992	2,420	1,853	1,132	1,505	1,456	1,648	1,577	1,635
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,042	2,103	1,395	1,006	685.24	734.11	754.43	857.21	828.25	815.61
	10.19	6.11	6.86	2.05	1.18	1.57	3.80	3.27	4.45	6.07
	943.85	826.21	529.95	347.84	416.08	762.96	690.24	767.19	733.45	794.16
	1.27	1.23	0.60	0.34	0.15	0.26	0.29	0.30	0.12	0.08
	1,171	1,055	487.60	35.18	29.85	6.38	7.11	20.11	11.14	19.03
	545.15	631.36	626.60	659.34	170.29	-64.61	-21.21	5.54	54.00	-24.63
	0.00	0.00	0.00	—	—	—	—	—	—	—
	545.15	631.36	626.60	659.34	170.29	-64.61	-21.21	5.54	54.00	-24.63
	81.36	60.24	8.85	64.43	0.01	—	—	—	11.60	—
	463.79	571.12	617.75	594.91	170.28	-64.61	-21.21	5.54	42.40	-24.63
	3.86	4.75	5.27	5.33	1.35	-2.65	-2.30	—	-2.39	—
Key metrics
	1,490	1,459	1,157	1,008	586.52	698.61	669.32	773.03	787.57	769.61
	42.87%	43.10%	59.70%	66.40%	85.20%	94.40%	88.60%	90.10%	94.60%	92.10%
	13.34%	16.90%	31.90%	39.20%	24.80%	-8.70%	-2.80%	0.60%	5.10%	-2.90%
	—	4.70%	4.40%	—	—	—	—	—	—	—
	—	74.60%	27.70%	120.50%	-7.00%	-2.00%	-12.00%	3.00%	-0.30%	—
	—	-7.50%	3.80%	249.40%	363.60%	-204.60%	-482.90%	-86.90%	272.10%	—
	—	436.13	-974.31	—	—	—	—	—	—	—
	—	0.77	-1.55	—	—	—	—	—	—	—
	—	0.53	0.40	—	—	—	—	—	—	—
	—	10,990	7,430	—	—	—	—	—	—	—
	—	181.8	97.0	—	—	—	—	—	—	—
Balance sheet
	—	35,838	28,564	—	—	—	—	—	—	—
	—	5,547	3,049	—	—	—	—	—	—	—
	—	44.96	470.31	—	—	—	—	—	—	—
	—	2,598	1,037	—	—	—	—	—	—	—
	—	26.71	28.00	—	—	—	—	—	—	—
	—	624.88	709.83	—	—	—	—	—	—	—
	—	9.89	9.53	—	—	—	—	—	—	—
	—	939.92	549.78	—	—	—	—	—	—	—
	—	4,692	1,998	—	—	—	—	—	—	—
	—	11,035	7,900	—	—	—	—	—	—	—
	—	1,258	1,097	—	—	—	—	—	—	—
	—	9,777	6,803	—	—	—	—	—	—	—
	—	20,917	19,699	—	—	—	—	—	—	—
Cash flow
	—	441.92	-955.19	—	—	—	—	—	—	—
	—	-3,695	-9,164	—	—	—	—	—	—	—
	—	2,828	10,587	—	—	—	—	—	—	—
	—	5.79	19.12	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +70.05%
Sales CAGR 5Y: +34.97%
Sales CAGR 10Y: —
Profit CAGR 3Y: +49.69%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +31.20%
Profit YoY (TTM): -33.51%

Consolidated

Sales CAGR 3Y: +27.56%
Sales CAGR 5Y: +22.68%
Sales CAGR 10Y: —
Profit CAGR 3Y: +1.09%
Profit CAGR 5Y: +13.16%
Profit CAGR 10Y: —
Sales YoY (TTM): +20.91%
Profit YoY (TTM): +17.77%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 73.39%

Holder	Type	Holding	Previous	Change
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)	Promoter Group	49.20%	—	—
Adani Tradeline Private Limited	Promoter Group	7.98%	—	—
Gelt Bery Trade and Investment Limited	Promoter Group	5.30%	—	—
Sbi Equity Hybrid Fund	Public	4.21%	—	—
Life Insurance Corporation Of India	Public	3.13%	—	—
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund	Public	2.67%	—	—
Worldwide Emerging Market Holding Limited	Promoter Group	2.47%	—	—
Afro Asia Trade And Investments Limited	Promoter Group	2.47%	—	—
Emerging Market Investment DMCC	Promoter Group	2.21%	—	—
Adani Infra (India) Limited	Promoter Group	1.51%	—	—
Gqg Partners Emerging Markets Equity Fund	Public	1.27%	—	—
Ardour Investment Holding Limited	Promoter Group	1.23%	—	—
Infinite Trade and Investment Limited	Promoter Group	0.72%	—	—
Flourishing Trade And Investment Limited	Promoter Group	0.30%	—	—
Body Corp-Ltd Liability Partnership	Public	0.01%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation of interaction with Investors''18 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation for ESG Rating18 Sep 2026 · Company Update / General
Intimation regarding Letter of Award for supply of 2,500 MW Round-the-Clock (RTC) Power and Execution of Power Purchase Agreement8 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners Emerging Market Equity Fund3 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Adani Energy Solutions is World #1 ESG-Scored Utility1 Sep 2026 · Company Update / Press Release / Media Release
AESL Wins Rs 4,700 crore Transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power26 Aug 2026 · Company Update / Press Release / Media Release
Intimation of Investor / Analyst meet21 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Credit Ratings19 Aug 2026 · Company Update / Credit Rating
Intimation of Interaction with Investors18 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation for Execution of Share Purchase Agreement for Acquiring 100% Equity shares of Vizag Power Transmission Limited14 Aug 2026 · Company Update / Acquisition
Intimation of interaction with Analyst / Investors7 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation Under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015_ESG Credit Rating1 Aug 2026 · Company Update / Credit Rating
Allotment of Equity Shares to Eligible Qualified Institutional Investors30 Jul 2026 · Company Update / Allotment of Equity Shares
Intimation regarding approval of Closure of QIPs and Placement Document30 Jul 2026 · Company Update / Qualified Institutional Placement
Intimation of Investor Meet28 Jul 2026 · Company Update / Analyst / Investor Meet
Transcript of Earnings Call pertaining to the Unaudited Financial Results of the Company for Q1 FY 2728 Jul 2026 · Company Update / General
Voting Results of the Extra-Ordinary General Meeting28 Jul 2026 · AGM/EGM / EGM
Intimation - Qualified Institution Placement of Equity Shares of face value of Rs. 10 each of the Company27 Jul 2026 · Company Update / Qualified Institutional Placement
Proceedings of the Extra Ordinary General Meeting of the Company held on July 25, 202625 Jul 2026 · AGM/EGM / EGM
AESL wins ~ Rs. 8500 Crore Transmission Project in Andhra Pradesh24 Jul 2026 · Company Update / Press Release / Media Release
Audio Recordings of Analyst''s / Investor''s call pertaining to Unaudited Financial Results of the Company for the quarter ended June 30, 202622 Jul 2026 · Company Update / General
Audio Recording of Analyst''s / Investor''s Call pertaining to Unaudited Financial Results of the Company for the Quarter ended June 30, 202622 Jul 2026 · Company Update / General
Audio Recording of Analyst''s / Investor''s Call pertaining to Unaudited Financial Results of the Company for the Quarter ended June 30, 202622 Jul 2026 · Company Update / General
Investors'' presentation on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 202621 Jul 2026 · Company Update / General
Media Release on the Unaudited Financial Results of the Company for the Quarter ended June 30, 202621 Jul 2026 · Company Update / Press Release / Media Release
Outcome of Board Meeting held on July 21, 2026 and Submission of Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 202621 Jul 2026 · Result / Financial Results
Outcome Of Board Meeting Held On July 21, 2026 And Submission Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2026.21 Jul 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Interaction with Investors/ Analysts18 Jul 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) 2015- ESG Ratings14 Jul 2026 · Company Update / Credit Rating
Update on ESG Rating11 Jul 2026 · Company Update / Credit Rating
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 20159 Jul 2026 · Company Update / Credit Rating
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Advertisement-Notice of Extra-Ordinary General meeting through Video Conferencing / Other Audio Visual Means ("VC/ OAVM") facility and Remote E-voting Information3 Jul 2026 · Company Update / Newspaper Publication
Notice of Extra Ordinary General Meeting of the Company2 Jul 2026 · AGM/EGM / EGM
Change in Senior Management Personnel of the Company1 Jul 2026 · Company Update / Change in Management
Outcome of Board Meeting1 Jul 2026 · Board Meeting / Outcome of Board Meeting
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 ....30 Jun 2026 · Board Meeting / Board Meeting
Update on ESG rating30 Jun 2026 · Company Update / General
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 ....27 Jun 2026 · Board Meeting / Board Meeting
Voting Results of 13th Annual General Meeting of the Company26 Jun 2026 · AGM/EGM / AGM

Board meetings

21 Jul 2026 Board Meeting - Financial Results