Adani Energy Solutions Limited

Power · Power

NSE: ADANIENSOL BSE: 539254

₹1314.60

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #5 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited (this stock)	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹168,911 Cr

EV / EBITDA

113.3x

EV / Sales

48.59x

Market cap / Sales

45.43x

Earnings yield

0.29%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,204 Cr, up 8.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	919	64	49	₹0.4100
March 31, 2026	1,252	208	199	₹1.6500
Dec. 31, 2025	640	135	114	₹0.9500
Sept. 30, 2025	665	139	101	₹0.8500
June 30, 2025	825	150	156	₹1.3000
March 31, 2025	1,007	207	198	₹1.6500
Dec. 31, 2024	349	164	164	₹1.3800
Sept. 30, 2024	468	180	180	₹1.5500
June 30, 2024	114	77	77	₹0.6900
March 31, 2024	416	74	74	₹0.6600
Dec. 31, 2023	885	114	114	₹1.0300
Sept. 30, 2023	202	105	105	₹0.9400
June 30, 2023	14	365	301	₹2.7000

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,204	1,603	936	971	1,113	1,340	658	739	309	591	1,086	395	440
Operating revenue	919	1,252	640	665	825	1,007	349	468	114	416	885	202	14
Other income	285	351	296	306	287	333	310	270	195	175	201	193	425
Operating expenses	862	1,143	584	634	803	992	358	427	112	409	868	209	18
Operating profit	56	109	57	30	23	15	-9	41	1	7	17	-6	-4
Operating profit margin	6.1%	8.7%	8.9%	4.6%	2.7%	1.5%	-2.6%	8.8%	1.3%	1.6%	1.9%	-3.2%	-27.4%
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	277	252	217	198	160	142	136	132	120	108	103	81	56
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	64	208	135	139	150	207	164	180	77	74	114	105	365
Tax	15	9	21	37	-6	9	—	—	—	—	—	—	64
Net profit	49	199	114	101	—	198	164	180	77	74	114	105	301
EPS	0.41	1.65	0.95	0.85	1.30	1.65	1.38	1.55	0.69	0.66	1.03	0.94	2.70
Net profit (TTM)	464	—	—	—	—	618	494	445	371	595	576	561	488
EPS (TTM)	3.86	4.75	4.75	5.18	5.88	5.27	4.28	3.93	3.32	5.33	5.17	5.03	4.38

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	3,383	631	571
March 31, 2025	1,938	627	618
March 31, 2024	1,517	659	595
March 31, 2023	688	170	170

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	60.1%	—	4,623^†	3,046^†	2,512^†	1,128^†	1,441^†	1,654^†	1,631^†	1,610^†	1,608^†
Operating revenue	70.0%	—	3,383	1,938	1,517	688	740^†	858^†	833^†	835^†	810^†
Other income	—	—	1,240^†	1,109^†	995^†	440^†	701^†	796^†	799^†	775^†	799^†
Operating expenses	—	—	3,164^†	1,889^†	1,504^†	633^†	742^†	881^†	844^†	841^†	173^†
Operating profit	58.0%	—	219^†	49^†	13^†	55^†	-2^†	-23^†	-11^†	-5^†	637^†
Operating profit margin	—	—	6.5%^†	2.5%^†	0.9%^†	8.1%^†	-0.3%^†	-2.7%^†	-1.3%^†	-0.6%^†	78.6%^†
Depreciation	—	—	1^†	1^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Interest	—	—	826^†	530^†	348^†	225^†	763^†	767^†	733^†	794^†	819^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	54.8%	—	631	627	659	170	-65^†	6^†	54^†	-25^†	5^†
Tax	—	—	60^†	—	—	—	—	—	12^†	—	—
Net profit	49.7%	—	571	618	595	170	-65^†	6^†	42^†	-25^†	4^†
EPS	52.1%	—	4.75^†	5.27^†	5.33^†	1.35^†	-2.65^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	6.5%^†	2.5%^†	0.9%^†	8.1%^†	-0.3%^†	-2.7%^†	-1.3%^†	-0.6%^†	78.6%^†
EBIT margin	43.1%^†	59.7%^†	66.4%^†	57.5%^†	94.4%^†	90.1%^†	94.6%^†	92.1%^†	101.7%^†
PBT margin	18.7%	32.3%	43.5%	24.8%	-8.7%^†	0.6%^†	6.5%^†	-2.9%^†	0.6%^†
Net margin	16.9%	31.9%	39.2%	24.8%	-8.7%^†	0.6%^†	5.1%^†	-2.9%^†	0.5%^†
Interest coverage	1.76x^†	2.18x^†	2.90x^†	1.76x^†	0.92x^†	1.01x^†	1.07x^†	0.97x^†	1.01x^†
Dividend payout	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—
Current ratio	1.18x	1.53x	—	—	—	—	—	—	—
Quick ratio	1.18x	1.51x	—	—	—	—	—	—	—
Debt to equity	0.53x	0.40x	—	—	—	—	—	—	—
Return on equity	2.7%	3.1%	—	—	—	—	—	—	—
Return on assets	1.6%	2.2%	—	—	—	—	—	—	—
Return on capital employed	4.7%^†	4.4%^†	—	—	—	—	—	—	—
Asset turnover	0.09x	0.07x	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	442	-3,695	2,828	6	436
March 31, 2025	-955	-9,164	10,587	19	-974
March 31, 2024	-209	-2,001	2,210	5	-215
March 31, 2023	-15	-1,585	1,601	22	-38
March 31, 2022	3	240	-248	1	2

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	35,838	20,917	19,716	1,258	9,777	5,547	4,692	45	10	27
March 31, 2025	28,564	19,699	18,497	1,097	6,803	3,049	1,998	470	10	28
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.