NSE: ADANIENSOL · BSE: 539254 · ISIN INE931S01010
Adani Energy Solutions Limited stock analysis
Adani Energy Solutions Limited ranks #293 in the TickerSutra evidence-ranked universe with a score of 67/100 and 95% data confidence. The latest captured fundamentals show ROCE of 9.7%, quarterly sales growth of 42.4% and quarterly profit growth of 124.2%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.37×
- 27.6% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹11,258cr | ₹4,206cr | ₹1,236cr | 37.0% |
| 2023 | ₹13,293cr | ₹4,518cr | ₹1,281cr | 34.0% |
| 2024 | ₹16,607cr | ₹5,711cr | ₹1,196cr | 34.0% |
| 2025 | ₹23,767cr | ₹7,067cr | ₹922cr | 30.0% |
| 2026 | ₹27,588cr | ₹8,005cr | ₹2,393cr | 29.0% |
| TTM | ₹30,480cr | ₹9,104cr | ₹3,090cr | 30.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Adani Energy Solutions Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineGeneral UpdatesNSE · 29 Sept 2026Adani Energy Solutions Limited has informed the Exchange about Updates
RoutineAcquisition of 'to be incorporated companies'-XBRLNSE · 26 Sept 2026 · Structured filingADANI ENERGY SOLUTIONS LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies
ADANI ENERGY SOLUTIONS LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies
Open original XBRL sourceAdani Energy Solutions Limited has informed the Exchange about General Updates
Positive CatalystAdani Energy Solutions Ltd - 539254 - Announcement under Regulation 30 (LODR)-AcquisitionBSE · 25 Sept 2026Incorporation of Wholly Owned Subsidiaries
MANAGEMENT COMMENTARY
Signals from filed documents
Profit after tax rose by 13.9%, totalling ` 46,377 crore, a clear reflection of our ability to generate value across diverse sectors. With strong cash flows of ` 67,995 crore, which have been effectively converted into high-impact investments, we are strategically positioned to fund our ambitious capex plans without compromising on our financial discipline. This disciplined approach ensures that our growth is sustain
Consolidated operational revenue stood at ` 18,296 crore in FY 2025-26, supported by project commissioning and rising contribution from smart metering. EBITDA increased at a faster pace of 12.7% to ` 8,726 crore, while adjusted PAT grew 32.3% to ` 2,393 crore, indicating improving operating leverage as assets stabilise and newer businesses gain traction. Cash profit stood at ` 4,700 crore, reinforcing the strength of
And Rajasthan would be at the beginning of '29. And as far as pipeline is concerned, you must have seen all those NCT approved by -- other things. So, we expect that ev ery year, we would have an opportunity of about INR1 lakh crores bidding combining minimum -- that is a minimum combining central as well as various state projects.
Embedding Climate into Decisions Physical and transition risks, along with broader sustainability risks, are embedded in strategic planning, operational decisions, and investment evaluations. A rigorous sustainability lens is applied to evaluating potential impacts, compliance requirements, and resilience considerations in the execution of major transactions, such as acquisitions, infrastructure development, asset mo
This often leads to risks related to delayed execution, misaligned resources and unanticipated cost increases. Challenge The AMI rollout covered highly heterogeneous operating environments influenced by differences in urban density, variations in contractor capabilities, climatic conditions and regulatory holds. Adani Energy Solutions faced issues arising from inconsistent workforce attendance and productivity levels
Now therefore, Q1 FY27 demonstrate that AESL has arrived as a full-scale utility platform and with a structured growth opportunity, which is going to be a consistent one; and coupled with our execution record and with energy solutions, we hope that we will continue to do better in terms of results and businesses. So we remain confident delivering sustained and compounding value for all stakeholders. Adani Energy Solu
But going forward, are these like more like take -and-pay sort of contract, even when we are selling things and this number is sustainable? Or it depends -- or it's more of opportunistic, given like there has been a delayed monsoon and then we get higher margins? So how exactly to look at this particular number panning out for us?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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