Adani Energy Solutions
- Market cap
- ₹ 1,49,972 Cr.
- P/E
- 42.7x
- P/B
- 6.12x
- 52-week range
- 803.1 – 1,789
- ROE
- 9%
- ROCE
- 10%
- Dividend yield
- 0%
- Debt / equity
- 1.93
- Sector
- Power
- Industry
- Power Distribution
- Listed on
- NSE, BSE
About
Adani Energy Solutions Limited is an India-based holding company. The Company is a private utility providing end-to-end energy solutions. Its segments include Transmission, GTD Business, Smart Metering, and Trading. The Transmission segment is engaged in providing transmission lines for transmission of power. The GTD Business segment is engaged in the generation, transmission, and distribution (GTD) of power business for Mumbai city (Mumbai GTD Business) and Mundra distribution. The Smart Metering segment focuses on supply, installing and maintaining of a Smart Metering Project on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis. The Trading segment is involved in trading activity of goods. It owns and operates various high voltage AC transmission lines and substations. It also offers cooling solutions and others. The Company has approximately 21,783 circuit kilometers (ckm) of transmission lines and 61,686 mega volt amp (MVA) of transformation capacity.
Quick check
The five things to look at first. Open one for more.
Latest announcements
Exchange filings and their impact on the company.
- AESL sealed the SPV buy to build its Rs 4,700 crore Maharashtra transmission project.
Adani Energy Solutions executed a share purchase agreement on October 6, 2026 with PFC Consulting to acquire 100% of Satara Power Transmission Limited. This is the SPV for its Rs 4,700 crore transmission project in Maharashtra to evacuate 4,500 MW of renewable and storage power, won in August 2026. The acquisition lets AESL start construction on the project, adding to its order book with long-term transmission revenue after commissioning.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | Withdrawn | Stable | 18 Aug 2026 |
| ICRA | [ICRA]AA+ | Stable | 8 Jul 2026 |
| CRISIL | Crisil AA+ | Stable | 18 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 18 Aug 2026 | Withdrawn | was IND AA+ | — | India Ratings | ₹ 25,275 Cr. | |
| 8 Jul 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 13,550 Cr. | |
| 18 Jun 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 7,000 Cr. | |
| 27 Apr 2026 | Rating action | [ICRA]AA+ | — | ICRA | ₹ 1,300 Cr. | |
| 26 Feb 2026 | Reaffirmed | — | — | ICRA | ₹ 1,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results | To consider and approve the Unaudited financial results for the period ended September 30, 2026 |
| 21 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 1 Jul 2026 | Fund Raising | To consider and Approve proposal of Fund Raising |
| 23 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 22 Jan 2026 | Financial Results | To consider and approve the Unaudited financial results for the quarter and nine months ended December 31, 2025 |
| 27 Oct 2025 | Financial Results | To consider and approve the Unaudited Financial Results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,563 | 4,707 | 5,379 | 6,184 | 5,830 | 6,375 | 6,819 | 6,596 | 6,730 | 7,443 | 9,711 | 10,076 |
| Expenses | 3,092 | 3,141 | 3,728 | 4,469 | 4,170 | 4,335 | 5,009 | 4,640 | 4,734 | 5,298 | 6,703 | 6,975 |
| Operating Profit | 1,471 | 1,566 | 1,651 | 1,715 | 1,661 | 2,040 | 1,811 | 1,955 | 1,995 | 2,145 | 3,008 | 3,101 |
| OPM % | 32% | 33% | 31% | 28% | 28% | 32% | 27% | 30% | 30% | 29% | 31% | 31% |
| Other Income | 262 | 204 | −1,395 | 176 | 170 | 222 | 206 | 171 | 215 | 227 | 170 | 447 |
| Interest | 760 | 750 | 811 | 813 | 809 | 826 | 894 | 872 | 913 | 954 | 1,152 | 1,180 |
| Depreciation | 458 | 468 | 498 | 484 | 462 | 462 | 465 | 509 | 496 | 508 | 585 | 601 |
| Profit before tax | 515 | 552 | −1,053 | 594 | 559 | 974 | 658 | 746 | 801 | 910 | 1,441 | 1,767 |
| Tax % | 32% | 31% | 13% | −30% | −12% | 27% | 18% | 25% | 28% | 21% | 14% | 23% |
| Net Profit | 348 | 381 | −1,191 | 773 | 625 | 714 | 539 | 557 | 574 | 723 | 1,237 | 1,364 |
| EPS in Rs | 2.91 | 3.24 | −7.39 | 5.62 | 4.68 | 5.39 | 4.27 | 4.44 | 4.6 | 5.69 | 9.57 | 10.82 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 29%
- 5 Years
- 23%
- 3 Years
- 28%
- TTM
- 33%
- 10 Years
- 20%
- 5 Years
- 13%
- 3 Years
- 21%
- TTM
- 64%
- 10 Years
- 39%
- 5 Years
- −8%
- 3 Years
- 17%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 11%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Adani Energy Solutions | ₹ 1,294.00 | ₹ 1,49,972 Cr. | 42.7x | 6.1x | 9% | — |
| Adani Power | ₹ 182.00 | ₹ 70,196 Cr. | 32.2x | 6.4x | 21.2% | 23.9% |
| Power Grid Corporation of India | ₹ 247.20 | ₹ 2,29,911 Cr. | 14.1x | 2.6x | 16.5% | 40% |
| Adani Green Energy | ₹ 1,185.00 | ₹ 1,95,190 Cr. | 129.2x | 12.5x | 10.3% | 12.1% |
| Siemens Energy India | ₹ 2,649.00 | ₹ 94,586 Cr. | 109x | 27.5x | 30.2% | 15% |
| Tata Power Company | ₹ 346.00 | ₹ 1,10,559 Cr. | 30.3x | 3.1x | 10% | 8.2% |
Management
- Kandarp Patel
- Chief Executive Officer, Whole-Time Director
- Ashok Jagetiya
- Chief Financial Officer
- Jaladhi Shukla
- Compliance Officer, Company Secretary
- Shashank Sharma
- Chief Risk Officer
- Anil Kumar Sardana
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.