1. Adani Power
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Adani Power Share Price

ADANIPOWER

₹601.60+₹10.45 (1.77%) Past Year
₹586.85₹607.00
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Company overview

About

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Market cap

Market Cap Switch₹2,32,034 Cr

Open

₹586.90

Close

₹591.15

Circuit range

₹709.35 - ₹472.95

Day range

₹586.85 - ₹607.00

Year range

₹185.20 - ₹646.90

Volume

21,08,558

Avg. traded

₹600.33

Revenue (12m)

₹47,230 Cr

Adani Power

Adani Power Limited (APL) is the largest private thermal power producer in India and is part of Gautam Adani’s Adani Group.

The company has power generation capacity of 15,250 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand. It also operates a 40 MW solar power project in Gujarat.

Adani Power was incorporated on August 22, 1996, and received a certificate of commencement of business on September 4, 1996. It later became a private limited company on June 3, 2002, and the name of the company was subsequently changed to Adani Power Pvt. Ltd.

In 2004, pursuant to internal restructuring among promoters, the entire shareholding of the company was transferred to Mundra Port and Special Economic Zone Ltd (MPSEZL). Subsequently, in 2006, MPSEZL transferred its entire shareholding in the company to Adani Enterprises Ltd.

On April 12, 2007, the company was converted into a public limited entity and its name was changed to Adani Power Ltd.

In financial year 2009-10, Adani Power launched its initial public offer (IPO) of 30,16,52,031 equity shares of face value of ₹10 each at a price of ₹90 apiece. The stock made its debut on BSE and National Stock Exchange of India Ltd (NSE) on August 20, 2009.

The market capitalisation of Adani Power stood at ₹2 lakh crore as on December 12, 2023. Adani Power share price has surged over 1072% in the last three years.

Adani Power business operations

The company has nine power plants spread across India. The 4,620-MW Mundra plant in Gujarat is the company’s largest plant and the most talked about as Adani Power created history by synchronising the first super-critical technology-based 660 MW generating unit here. This is the first super-critical generating unit in India.

The Tiroda plant in Maharashtra has a total capacity of 3,300 MW. It comprises 5 x 660 MW units. All units at this location are of supercritical technology, driving efficiency in coal-based power generation.

The Kawai plant in Rajasthan is the largest power producing plant in the state at a single location with a generation capacity of 1,320 MW (2X660 MW). It is a coal-based thermal power plant on supercritical technology. The Udupi plant in Karnataka is a 2X600 MW imported coal-based power project. It is the first independent power project (IPP) to use 100% imported coal as fuel in the country.

Besides that, Adani Power operates a 600 MW plant at Raigarh and a 1,370 MW plant at Raipur in Chhattisgarh as well as a 1,200 MW plant at Singrauli in Madhya Pradesh. In Godda, Jharkhand, the company operates a 1,600 MW plant.

Mahan Energen Limited, a subsidiary of Adani Power, has proposed expansion of its existing 1,200 MW power plant at Singrauli by addition of 1,600 MW (2X800 MW). The expansion units shall be based on ultra-supercritical technology.

The Adani Group also commissioned a 40 MW solar power plant in Bitta in Kutch district of Gujarat in December 2011. It was commissioned in 165 days and the solar power plant marked Adani Power’s first big foray in the renewable energy sector.

Financial highlights

Adani Power witnessed a return to profitability in financial year 2022-23 following resolution of regulatory and commercial matters, revival of power purchase agreements, turnaround of acquired power plants and reduction in finance cost.

Improved tariff realisation due to greater merchant/short-term demand and higher import coal price, coupled with higher operating capacity contributed to the company’s 36% revenue growth in FY23 despite flat volumes.

Total revenue increased to ₹43,041 crore in FY23 from ₹31,686 crore in FY22. Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) increased to ₹14,312 crore in FY23 from ₹13,789 crore in FY22. Consolidated profit after tax (PAT) grew 118.4% year-on-year to ₹10,727 crore in FY23 from ₹4,912 crore in FY22. Finance cost dropped to ₹3,334 crore in FY23 from ₹4,095 crore in the previous fiscal. The company has set an expansion target of 16,850 MW by the year 2028.

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Adani Power Key indicators

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52 week high

₹646.90

52 week low

₹185.20

P/E ratio

10.27

P/B ratio

5.36

ROE

43.89%

ROCE

17.84%

Dividend yield

--

Debt/Equity ratio

1.16

EPS

26.57

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Investment checklist: (2/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Sell

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Buy

0%

Hold

0%

Sell

100%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

37.73%

Net profit margin

27.93%

ROE

43.89%

ROA

14.17%

ROCE

17.84%

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Adani Power Shareholder returns

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1 day

+1.77%

1 week

-1.55%

1 month

+13.42%

3 months

+13.02%

1 year

+218.05%

3 years

+555.69%

5 years

+1006.90%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Adani Power Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹586.90
₹601.60
+2.44%
Mon, Apr 15 2024
₹589.00
₹591.15
+0.36%
Fri, Apr 12 2024
₹615.00
₹595.20
-3.33%
Wed, Apr 10 2024
₹621.40
₹617.85
-0.57%
Tue, Apr 9 2024
₹617.00
₹616.35
-0.11%
Mon, Apr 8 2024
₹632.00
₹611.05
-3.43%
Fri, Apr 5 2024
₹630.00
₹626.70
-0.53%
Thu, Apr 4 2024
₹630.15
₹642.00
+1.85%

Shareholding info

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Promoters (71.75%)

Mutual Funds (1.39%)

Retail and other (10.93%)

Foreign institutions-FII (15.91%)

Other domestic institutions (0.02%)

Promoters

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Events

Empty state

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Frequently asked questions