ADANI ENERGY SOLUTIONNSE: ADANIENSOLBSE: 539254Power · Power Distribution

₹1,365.0071.00 (5.49%)

Mkt Cap: ₹1.66 L Cr.
P/E (TTM): 44.38
Open: ₹1,289.60
Day's Range: ₹1,286.20 – ₹1,365.00
52W Range: ₹803.10 – ₹1,789.00
EPS (TTM): ₹31.75
Book Value: ₹260.54

ADANI ENERGY SOLUTION Financial Statements

Name: ADANI ENERGY SOLUTION Financials — historical data
Creator: StockeZee

For Apr 2026, ADANI ENERGY SOLUTION reported revenue of ₹27,588 crore and net profit of ₹2,283 crore. Return on equity stands at 2.73%. Profit & loss, balance sheet and cash flow across 18 reported years are below.

Updated 30 Oct 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹27,588 Cr
EBITDA: ₹9,084 Cr
Operating margin: 32.93%
Profit after tax: ₹2,283 Cr
Net margin: 8.27%
EPS: ₹19
Latest year: Apr 2026
Years reported: 18

ADANI ENERGY SOLUTION revenue and profit trend

The quickest view of reported annual business performance. Revenue and profit use separate scales.

ADANI ENERGY SOLUTION profit & loss

Reported annual performance for ADANI ENERGY SOLUTION, oldest to newest. Figures in ₹ crore unless a row states otherwise.

ADANI ENERGY SOLUTION annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	May 2022	Mar 2023	May 2023	Mar 2024	May 2024	Mar 2025	Apr 2025	Mar 2026	Apr 2026
Revenue from Operations	11,258	11,258	13,293	13,293	16,607	16,607	23,767	23,767	27,588	27,588
Sales Growth YoY %	13.41%	13.41%	18.08%	18.08%	24.94%	24.94%	43.11%	—	16.08%	16.08%
Other Income	604	604	548	548	611	611	679	679	737	737
Total Income	11,861	11,861	13,840	13,840	17,218	17,218	24,447	24,447	28,325	28,325
Cost of Goods Sold (COGS)	3,600	3,600	5,979	5,979	6,488	6,488	6,950	6,950	7,352	7,352
Cost of Materials Consumed	2,779	2,779	5,224	5,224	5,459	5,459	5,584	5,584	6,348	6,348
Purchases of Stock-in-Trade	821	821	755	755	1,029	1,029	1,366	1,366	1,004	1,004
Gross Profit	7,657	7,657	7,313	7,313	10,119	10,119	16,817	16,817	20,236	20,236
Gross Margin %	68.02%	68.02%	55.02%	55.02%	60.93%	60.93%	70.76%	70.76%	73.35%	73.35%
Total Operating Expenses	3,451	3,451	2,796	2,796	3,948	3,948	8,410	8,410	11,152	11,152
Employee Benefit Expense	885	885	987	987	952	952	1,033	1,033	1,093	1,093
Other Expenses	2,566	2,566	1,809	1,809	2,996	2,996	7,377	7,377	10,059	10,059
EBITDA	4,206	4,206	4,518	4,518	6,171	6,171	8,407	8,407	9,084	9,084
OPM %	37.36%	37.36%	33.99%	33.99%	37.16%	37.16%	35.37%	35.37%	32.93%	32.93%
Total Non-Operating Expenses	3,763	3,763	4,393	4,393	4,083	4,083	3,659	3,659	5,611	5,611
Depreciation & Amortisation	1,427	1,427	1,608	1,608	1,776	1,776	1,906	1,906	1,978	1,978
Finance Costs	2,365	2,365	2,781	2,781	2,767	2,767	3,259	3,259	3,633	3,633
Exceptional Items (Before Tax)	-29	-29	4	4	-460	-460	-1,506	-1,506	0	0
Profit Before Tax (PBT)	1,700	1,700	1,712	1,712	1,780	1,780	2,416	2,416	4,210	4,210
Tax Expense	436	436	435	435	580	580	179	179	722	722
Current Tax	244	244	261	261	299	299	195	195	393	393
Deferred Tax	192	192	174	174	282	282	-16	-16	329	329
Effective Tax %	25.64%	25.64%	25.43%	25.43%	32.6%	32.6%	7.41%	7.41%	17.15%	17.15%
Profit/Loss from Discontinued Operations	0	0	0	0	-4	-4	0	0	0	0
Total Profit for Period	1,236	1,236	1,281	1,281	1,196	1,196	922	922	2,393	2,393
Less: Non-controlling Interests	31	31	24	24	58	58	-138	-138	110	110
Net Profit (Owner's PAT)	1,205	1,205	1,256	1,256	1,137	1,137	1,060	1,060	2,283	2,283
Net Profit Margin %	10.7%	10.7%	9.45%	9.45%	6.85%	6.85%	4.46%	4.46%	8.27%	8.27%
PAT Growth YoY %	-1.59%	-1.59%	4.29%	4.29%	-9.48%	-9.48%	-6.8%	—	115.34%	115.34%
Earnings Per Share (EPS)	₹10.95	₹10.95	₹11.26	₹11.26	₹10.2	₹10.2	₹8.82	₹8.82	₹19	₹19
Diluted Shares Outstanding (Cr.)	110	110	112	112	112	112	120	120	120	120
Other Comprehensive Income (Net of Tax)	-252	-252	-302	-302	-282	-282	186	186	1,122	1,122
Expenses	10,161	10,161	12,129	12,129	15,439	15,439	22,031	22,031	24,115	24,115
Material Cost %	24.68%	24.68%	39.3%	39.3%	32.87%	32.87%	23.5%	23.5%	23.01%	23.01%
Employee Cost %	7.86%	7.86%	7.42%	7.42%	5.73%	5.73%	4.35%	4.35%	3.96%	3.96%
Other Cost %	22.8%	22.8%	13.61%	13.61%	18.04%	18.04%	31.04%	31.04%	36.46%	36.46%
Interest Coverage (x)	1.18	1.18	1.05	1.05	1.59	1.59	1.99	1.99	1.96	1.96

Showing the most recent 10 of 18 reported periods.

ADANI ENERGY SOLUTION balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

ADANI ENERGY SOLUTION annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	8,043	9,561	10,023	11,007	12,760	13,703	23,011	26,526
Equity Share Capital	1,100	1,100	1,100	1,100	1,115	1,115	1,201	1,201
Reserves & Surplus	6,943	7,399	7,819	8,813	10,547	11,526	20,867	24,226
Total Equity	8,043	9,561	10,023	11,007	12,760	13,703	23,011	26,526
Non-Current Liabilities	17,196	24,264	26,522	30,529	34,154	36,859	40,932	50,741
Long-term Borrowings	16,304	22,290	23,809	27,774	31,330	33,560	36,992	45,367
Deferred Tax Liabilities	16	971	1,186	1,414	1,540	1,653	1,754	2,490
Non-Current Provisions	447	276	585	617	528	630	554	681
Other Non-Current Liabilities	225	—	283	290	333	466	523	655
Non-Current Financial Liabilities	16,509	23,017	24,468	28,207	31,754	34,110	38,102	46,915
Current Liabilities	6,418	5,382	6,417	5,657	7,017	7,963	9,923	15,446
Short-term Borrowings	1,633	1,236	1,966	2,041	2,868	3,449	3,214	3,531
Trade Payables	1,237	1,752	1,241	1,608	1,800	1,722	2,956	4,994
Current Financial Liabilities	6,081	4,970	6,057	5,226	6,526	7,215	9,190	14,340
Other Current Financial Liabilities	3,211	1,983	2,850	1,577	1,857	2,044	3,020	5,815
Other Current Liabilities	258	309	291	348	364	646	622	870
Current Provisions	64	62	62	71	119	99	106	207
Current Tax Liabilities	15	40	6	12	8	3	5	29
Total Liabilities	23,886	30,150	33,211	36,458	41,172	44,876	50,949	66,309
Total Non-Current Assets	26,994	31,026	38,234	41,821	45,025	48,961	57,286	72,993
Property, Plant & Equipment (PPE)	22,837	23,100	25,166	27,905	30,295	36,437	37,049	44,227
Capital Work-in-Progress	694	2,209	5,240	5,060	6,200	3,003	5,695	2,054
Intangible Assets	985	995	1,009	1,095	1,752	1,885	1,111	1,146
Investment Property	—	238	218	—	—	—	349	—
Non-Current Investments	121	—	267	264	313	324	7,112	407
Loans – Non-Current	41	39	1,074	1,129	26	23	16	11
Other Non-Current Assets	274	1,548	1,678	1,566	1,805	2,753	99	11,646
Non-Current Financial Assets	1,474	2,341	4,252	5,597	4,314	4,187	12,319	13,244
Net Fixed Assets	24,516	26,304	31,415	34,061	38,247	41,324	43,856	47,426
Total Current Assets	3,830	8,438	4,560	4,519	6,943	8,047	13,587	17,826
Inventories	366	541	234	250	152	255	625	669
Trade Receivables	722	1,000	1,014	1,071	1,438	1,565	4,218	5,734
Cash & Cash Equivalents	188	1,233	264	189	191	742	2,190	1,735
Current Investments	215	313	175	296	1,057	443	2,290	2,236
Loans – Current	9	2,409	24	8	477	408	6	6
Current Financial Assets	3,333	7,562	3,897	3,934	6,582	7,004	10,396	13,449
Other Current Assets	130	334	429	334	209	—	2,566	3,708
Other Current Financial Assets	1,686	1,543	1,395	1,067	1,906	2,361	263	1,526
Current Tax Assets	—	—	—	—	—	787	—	—
Net Working Capital	-2,589	3,056	-1,857	-1,138	-74	84	3,664	2,379
Additional Asset Fields	1,516	1,814	1,878	2,489	3,122	2,785	4,182	3,314
Def Tax Assets	139	—	63	—	61	98	58	78
Non Controlling Int	—	1,062	1,104	1,094	1,098	1,062	943	1,098
Reg Def Credit	272	504	272	272	—	54	94	122
Reg Def Debit	1,106	248	439	1,124	1,964	1,571	3,088	2,016
Total Assets	31,929	39,711	43,234	47,464	53,932	58,579	73,960	92,835
Total Borrowings	17,937	23,525	25,775	29,815	34,199	37,009	40,206	48,898
Net Debt	17,749	22,292	25,512	29,626	34,008	36,267	38,016	47,164
Debt to Equity (x)	2.23	2.46	2.57	2.71	2.68	2.7	1.75	1.84
Current Ratio (x)	0.6	1.57	0.71	0.8	0.99	1.01	1.37	1.15

ADANI ENERGY SOLUTION cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

ADANI ENERGY SOLUTION annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	4,097	3,777	6,038	8,695	10,997
Profit Before Tax	1,700	1,712	1,780	2,416	4,210
Depreciation & Amortisation	1,427	1,608	1,776	1,883	1,978
Finance Costs	2,365	2,781	2,767	3,259	3,633
Working Capital Changes	118	-467	594	395	3,371
Tax Paid	-267	-246	-300	-229	-429
Net Cash from Investing Activities	-3,948	-4,699	-4,943	-15,228	-14,083
Purchase of PPE	-4,191	-4,702	-5,430	-9,378	-14,432
Sale of Fixed Assets	-89	-726	0	0	0
Interest Received	498	467	345	550	407
Net Cash from Financing Activities	-235	923	-543	7,975	2,630
Proceeds from Borrowings	2,136	5,901	5,459	7,252	17,024
Repayment of Borrowings	0	-3,573	-2,916	-4,738	-10,455
Interest Paid	-2,365	-2,213	-3,222	-2,977	-4,075
Dividend Paid	0	0	-86	0	0
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-31	-26	-22	-20	-28
Net Change in Cash	-86	2	551	1,443	-456
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	-94	-925	608	-683	-3,435
CFO / PBT (x)	2.41	2.21	3.39	3.6	2.61

ADANI ENERGY SOLUTION key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

ADANI ENERGY SOLUTION valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	44.38
Forward P/E	Valuation	45.24
P/B	Valuation	5.22
PEG (TTM)	Valuation	146.1
EV / EBITDA (TTM)	Valuation	36.08
P/S (TTM)	Valuation	4.66
Operating margin	Profitability	43.09%
Net margin (TTM)	Profitability	8.75%
Return on equity	Return ratios	2.73%
Return on capital employed	Return ratios	4.13%
Return on assets	Return ratios	5.34%
Debt to equity	Leverage & liquidity	0.53
Beta	Leverage & liquidity	1.51
EPS (TTM)	Per share	₹31.75
Book value	Per share	₹260.54
Revenue / share (TTM)	Per share	₹227.81
Cash flow / share	Per share	₹91.54

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

ADANI ENERGY SOLUTION: frequently asked questions

What is ADANI ENERGY SOLUTION's annual revenue?

ADANI ENERGY SOLUTION reported revenue of ₹27,588 crore in Apr 2026, up 0.0% on the previous financial year.

Is ADANI ENERGY SOLUTION profitable?

ADANI ENERGY SOLUTION reported a net profit of ₹2,283 crore in Apr 2026, up 0.0% on the previous financial year.

What is ADANI ENERGY SOLUTION's EPS?

ADANI ENERGY SOLUTION reported earnings per share of ₹19 for Apr 2026.

What is ADANI ENERGY SOLUTION's operating margin?

ADANI ENERGY SOLUTION's operating margin for Apr 2026 was 32.93%.

What is ADANI ENERGY SOLUTION's return on equity?

ADANI ENERGY SOLUTION's return on equity stands at 2.73%. ROE measures profit generated per rupee of shareholder equity.

How many years of ADANI ENERGY SOLUTION financials are shown?

18 reported financial years are tabulated on this page, the most recent being Apr 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

Explore

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Disclaimer

The data, ratios and commentary about ADANI ENERGY SOLUTION (ADANIENSOL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.