Adani Power

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ to AA by 4 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 45% and profit rose 142% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 75% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 19.3 times its yearly earnings (P/E), pricier than 68% of the time in the last 5 years. Its usual P/E is about 20.

Adani Power against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)19.3 against a typical 22.4: cheaper than most peers (1st = cheapest).3rd of 6
• Sales growth+44.5% against a typical +6.5% from a year earlier.1st of 6
• Profit growth+141.5% against a typical +11% from a year earlier.2nd of 5
• Share price, 3 months−9.9% against a typical −15.2%.1st of 6
• Size₹ 3,50,981.4 Cr. market value against a typical ₹ 37,488.7 Cr. (1st = largest).1st of 6

Exchange filings and their impact on the company.

• 14 Oct 2026General UpdatesHigh impactPositivePrice +4.9% that day
  Adani Power won a 25-year 1,234 MW UPCL supply deal needing a new 1,320 MW thermal plant.

  Adani Power received a Letter of Award from Uttarakhand Power Corporation for 1,234 MW ex-bus supply from 1,320 MW of thermal capacity under a 25-year power supply agreement. The award was after competitive bidding and is subject to Uttarakhand Electricity Regulatory Commission approval of tariff. It locks in a large long-term contracted revenue stream but will require building new capacity, so no sales contribution is expected in the next 12 months while early capex begins.

  Full analysisFiling
• 6 Oct 2026Memorandum of Understanding/AgreementsLow impactPositivePrice +0.7% that day
  Adani Power added a 770 MW Bhutan hydro JV with no near-term earnings but long-term clean-energy optionality.

  Adani Power signed a shareholders agreement on October 5, 2026 with Bhutan's Druk Green Power to build the 770 MW Chamkharchhu-I hydropower project under a 49:51 joint venture on a 30-year BOOT concession. Construction is to start in the first half of 2027 with commissioning six years after groundbreaking, as part of a broader 5,000 MW Bhutan partnership. The project adds long-term hydro capacity and India-export potential but contributes no revenue in the next 12 months with only initial equity funding required.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Shersingh B. Khyalia

Chief Executive Officer, Whole-Time Director

Dilip Kumar Jha

Chief Financial Officer

Puneet Bansal

Compliance Officer, Company Secretary

Anil Kumar Sardana

Managing Director, Executive Director