ADANIENSOL · Adani Energy Solutions Ltd · Electric Utilities
ADANIENSOL · Adani Energy Solutions Ltd · Electric Utilities
As of 06 Nov close
52-week range
18.5% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹9,711 Cr
Revenue YoY
PAT YoY
+132.8%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
7.1
P/S (TTM)
5.5
Sector P/E
15.1
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ADANIENSOL (this stock) | 61.4 | 7.1 | +9.6% | +11.5% | 1.93 | 0.0% |
| Adani Power | 30.1 | 6 | +24.1% | +21.9% | 0.84 | 0.0% |
| Power Grid Corporation of India | 16.8 | 2.5 | +40.4% | +18.9% | 1.47 | +3.3% |
| Adani Green Energy | 136.3 | 10.4 | +13.2% | +8.9% | 5.08 | 0.0% |
Promoter
falling 1q
FII
rising 1q
MF
8.83% (+0.75pp)
rising 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Adani Energy Solutions Limited (AESL) reported strong financial performance in Q2 and H1 FY27, with total income growing over 50%, EBITDA increasing by nearly 67%, and PAT rising by 145%. The company highlighted its focus on long-term utility asset development, with an asset base of INR83,000 crores and INR100,000 crores in committed capex over the next 4-5 years. Transmission added two projects (Vizag Pendurthi and Satara), maintaining an order book of INR87,000 crores. Distribution losses in Mumbai fell to 4.29%, despite a 10% rise in consumption. Smart Metering reached 14.8 million installations, with 60% of the order book completed. The Energy Solutions platform delivered INR2,000 crores in revenue and INR800 crores in EBITDA, with 2,500 MW of MSEDCL PPA and plans to scale to 7,000-8,000 MW over 3-4 years. Management noted delays in some Transmission projects due to ROW issues but expects resolution soon. The company emphasized ESG initiatives, achieving a 90/100 rank in S&P Global Electric Utility. Funding was described as stable, with fixed-rate debt reducing volatility. The Intellismart acquisition awaits CCI approval, expected within a month. AESL guided toward INR6,000-9,000 crores in capex for FY27 and INR18,000-19,000 crores for FY28. The company also discussed energy trading margins, with long-term PPAs aiming for INR0.80-1.00 per unit.
The document emphasizes strong financial growth, strategic expansion, and confidence in future projects and ESG performance.
Sourced from an exchange-filed transcript, dated 30 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Adani Energy Solutions Limited (AESL) held its Q1 FY27 earnings conference call on July 22, 2026, where management reported a transition to a full-scale utility, with significant contributions from its four business verticals: transmission, distribution, smart metering, and energy solutions. CEO Kandarp Patel highlighted a quarterly capital expenditure of approximately INR 3,500 crores and the completion of 1.34 crore smart meter installations. The energy solutions platform has secured 5,000 megawatts of capacity, primarily in green energy, and aims to provide tailored energy solutions to various customers. Management emphasized maintaining execution and capital discipline while focusing on reducing costs and improving credit quality. The call included a Q&A session where management addressed inquiries about smart metering, energy solutions, and future growth opportunities, indicating a strong pipeline and commitment to long-term contracts.
Management emphasized strong growth and operational achievements across multiple business segments.
Sourced from an exchange-filed transcript, dated 28 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAdani Energy Solutions Limited (AESL) reported no material misstatements in its standalone financial statements for FY2025-26, with key audit matters focusing on the carrying values of investments and loans to subsidiaries totaling ₹26,242 crore. The company confirmed compliance with statutory dues and no defaults in loan repayments. A non-executive director was named in U.S. legal proceedings, but AESL stated this does not impact its financials or compliance. The company maintains strict anti-bribery policies with zero reported cases in FY2025-26.
- No material misstatements found in standalone financial statements for FY2025-26.
- Key audit matter: Carrying values of ₹26,242 crore in investments and loans to subsidiaries.
- Confirmed compliance with statutory dues and no loan defaults reported.
- Non-executive director named in U.S. legal proceedings, but AESL states no material impact.
- Zero cases of bribery, corruption, or employee misconduct reported in FY2025-26.
Key takeaway: AESL's financials show no material misstatements, but significant audit focus on subsidiary investments and legal risks from a director's U.S. proceedings require monitoring.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (3 items); Default / Covenant Breach (2 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The auditors issued a modified opinion, which has been addressed in Notes 64 and 52 of the financial statements.
Older (3+ years ago)
The auditor issued a qualified opinion on the financial statements of Adani Transmission Limited for the year ended March 31, 2023.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company received notices from BSE and NSE imposing a fine of ₹59,000 each for alleged non-compliance of Regulation 17(1A) of the SEBI Listing Regulations regarding the appointment or continuation of non-executive directors who attained the age of seventy-five years. The company paid the fine but did not admit liability or default.
Earlier (1-3 years ago)
The company received a Show Cause Notice (SCN) from SEBI regarding the validity of a former auditor's Peer Review Certificate (PRC) and another SCN alleging wrongful categorisation of shareholding from FY 2012-2020. The company also became aware of an indictment against a non-executive director by the US DOJ and a civil complaint by the US SEC.
The company received a Show Cause Notice (SCN) from SEBI regarding the validity of a former statutory auditor's Peer Review Certificate (PRC) for an earlier period. The company has responded to the SCN.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The Company has granted perpetual loans amounting to ₹26.21 crore where the schedule of repayment of principal and interest has not been stipulated, making it unclear if repayments are regular.
Older (3+ years ago)
The company has overdue amounts of loans provided to Adani Transmission Limited, which have been overdue for more than 90 days as of the balance sheet date.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
The company received and resolved one instance of a whistle blower complaint during the year under review.
Routine disclosures
Internal Control Weakness
3 occurrencesEarlier (1-3 years ago)
The auditor mentions a risk that a material weakness exists in the company's internal controls.
The auditor identified a material weakness in the company's internal controls as of 31 March 2024, which may affect the prevention or detection of material misstatements in financial statements.
Older (3+ years ago)
The auditor identified a material weakness in the company's internal financial controls, which could result in possible adjustments or disclosures related to related party relationships, balances, and transactions in the standalone financial statements.
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has issued performance bank guarantees on behalf of its subsidiary companies for transmission projects under DBFOOT contracts, as noted in note 4.
Earlier (1-3 years ago)
The Company has made provision as at March 31, 2025, for material foreseeable losses on long-term contracts including derivative contracts, as detailed in note 45 to the standalone financial statements.
The company has contingent liabilities including performance bank guarantees given on behalf of subsidiary companies and funding commitments to a subsidiary contingent on future events.
Older (3+ years ago)
As of 31st March, 2023, the company has contingent liabilities including performance bank guarantees and corporate guarantees provided on behalf of subsidiary companies, and funding commitments to a subsidiary contingent on future events.
The company has contingent liabilities in the form of performance bank guarantees given on behalf of subsidiary companies, with the subsidiaries having taken counter guarantees from their respective EPC contractors.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
The company approved material modifications in related party transactions involving Powerpulse Trading Solutions Limited, a wholly owned subsidiary, with Adani Power Limited, a related party, through a postal ballot on December 9, 2025.
Earlier (1-3 years ago)
The company approved a Material Related Party Transaction by Powerpulse Trading Solutions Limited, a wholly owned subsidiary, with Adani Power Limited through a postal ballot in FY 2024-25.
Adani Energy Solutions Limited has disclosed related party transactions involving loans with entities such as Adani Infra (India) Limited and Adani Transmission (India) Limited, as detailed in the notes to the financial statements.
Older (3+ years ago)
The company has transactions with related parties including Adani Infra (India) Limited, Adani Power Limited, and others, involving loans and distributions on unsecured perpetual equity instruments.
The Group had a 25-year Power Purchase Agreement (PPA) with Vidharbha Industries Power Limited (VIPL), which was terminated due to VIPL's non-performance. VIPL has appealed the termination to the Supreme Court, with ongoing proceedings.
Management & Board Governance
2 occurrencesRecent (last 12 months)
The company passed a special resolution to appoint a director after they had attained the age of 75 years, and another director was appointed after three months from the date of vacancy.
Earlier (1-3 years ago)
The Chief Financial Officer, Mr. Rohit Soni, resigned effective March 31, 2024.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
0.71% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).