Adani Energy Solutions Ltd (ADANIENSOL) AI Stock Analysis

• Market Cap: ₹1.13T
• Dividend Yield: N/A
• Average Volume (3M): 173.00K
• Price to Earnings (P/E): 47.0
• Beta (1Y): 1.55
• Revenue Growth: 22.98%
• EPS Growth: 328.13%
• Country: IN
• Employees: 4,959
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): 4.70
• Shares Outstanding: 1,201,282,600
• 10 Day Avg. Volume: 79,427
• 30 Day Avg. Volume: 173,001
• PEG Ratio: -8.09
• Price to Book (P/B): 4.38
• Price to Sales (P/S): 4.07
• P/FCF Ratio: -141.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,048.00
• Price Target Upside: 8.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: ₹1,057.00 ▲(9.25% Upside)

Adani Energy Solutions Ltd scores well due to strong financial performance and positive technical indicators. However, the high P/E ratio and lack of dividend yield are notable drawbacks. The company's ability to manage its debt and convert earnings into free cash flow will be critical for future performance.

Adani Energy Solutions Ltd Business Overview & Revenue Model

Company Description

Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. The company operates through Transmission, Trading, and GTD Business segments. It establishes, commissions, operates, and maintains electric power transmission systems. The company is involved in the dealing of bullion and agro commodities; and laying of optical ground wire fibers on transmission lines to provide telecom solutions to telecom companies, internet service providers, and long-distance communication operators. The company was formerly known as Adani Transmission Limited and changed its name to Adani Energy Solutions Limited in July 2023. The company was founded in 2006 and is headquartered in Ahmedabad, India. Adani Energy Solutions Limited is a subsidiary of S.B. Adani Family Trust.

How the Company Makes Money

Adani Energy Solutions Ltd generates revenue through multiple streams, including the sale of electricity generated from its diverse portfolio of power plants, both renewable and conventional. The company earns money by supplying electricity to various customers, including industrial sectors and state-owned utilities, through long-term power purchase agreements (PPAs). Additionally, ADANIENSOL may monetize its energy management services, offering solutions that enhance energy efficiency for clients. Strategic partnerships with government entities and private sector players further bolster its revenue, providing access to new projects and markets. The company's ongoing investments in renewable energy projects are expected to contribute significantly to its earnings as the demand for sustainable energy solutions grows.

Adani Energy Solutions Ltd Financial Statement Overview

Summary

Adani Energy Solutions Ltd exhibits strong revenue growth and operational efficiency, but faces challenges with high debt levels and translating earnings into free cash flow. The company shows financial stability with a solid equity base, yet needs to manage its debt more prudently to mitigate risks associated with high leverage.

Income Statement

Adani Energy Solutions Ltd has shown strong revenue growth over the years, with a noticeable increase from the previous periods. The gross profit margin is robust, indicating effective cost management. However, the net profit margin has slightly declined, suggesting increased expenses or other costs impacting net income. The EBIT and EBITDA margins remain healthy, reflecting strong operational efficiency.

Balance Sheet

The company has maintained a high equity ratio, which is a sign of financial stability and low leverage relative to assets. However, the debt-to-equity ratio is quite high, indicating significant reliance on debt financing. Return on equity is moderate, reflecting decent profitability in relation to shareholder investments.

Cash Flow

Operating cash flow has shown a positive trend, which is a good sign of operational health. However, free cash flow has been negative in recent periods, pointing to high capital expenditures. The free cash flow to net income ratio is concerning, suggesting that the company's earnings are not being translated into free cash flow effectively.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	252.08B	237.68B	166.08B	132.93B	112.58B	99.26B
Gross Profit	123.73B	108.95B	86.02B	67.82B	60.96B	58.24B
EBITDA	84.88B	83.85B	61.33B	46.71B	41.75B	39.26B
Net Income	23.96B	10.60B	11.37B	12.56B	12.05B	12.24B
Balance Sheet
Total Assets	0.00	739.60B	585.79B	539.32B	474.64B	432.34B
Cash, Cash Equivalents and Short-Term Investments	54.20B	55.43B	19.98B	46.67B	5.79B	5.43B
Total Debt	0.00	402.75B	370.70B	342.70B	299.02B	270.95B
Total Liabilities	-230.11B	509.49B	448.76B	411.72B	364.58B	332.11B
Stockholders Equity	230.11B	220.68B	126.42B	117.49B	99.13B	89.19B
Cash Flow
Free Cash Flow	0.00	-6.83B	6.08B	-9.25B	-942.50M	-1.68B
Operating Cash Flow	0.00	86.95B	60.38B	37.77B	40.97B	37.84B
Investing Cash Flow	0.00	-152.28B	-49.43B	-46.99B	-39.48B	-40.25B
Financing Cash Flow	0.00	79.75B	-5.43B	9.23B	-2.35B	-7.45B

Adani Energy Solutions Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 967.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIENSOL, the sentiment is Positive. The current price of 967.55 is above the 20-day moving average (MA) of 929.92, above the 50-day MA of 865.14, and above the 200-day MA of 834.59, indicating a bullish trend. The MACD of 22.10 indicates Positive momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 49.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ADANIENSOL.

Adani Energy Solutions Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADANIENSOL	―	₹1.13T	47.01	―	―	22.98%	328.13%
SOLARINDS	―	₹1.27T	100.77	―	0.07%	31.70%	36.40%
JSWENERGY	―	₹945.02B	46.64	―	0.37%	39.71%	1.33%
ADANIGREEN	―	₹1.67T	96.71	―	―	14.16%	75.34%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SUZLON	―	₹725.18B	34.51	―	―	66.67%	140.42%
IREDA	―	₹424.33B	23.92	―	―	33.44%	17.49%

Adani Energy Solutions Ltd Corporate Events

Adani Energy Solutions to Engage with Investors at Nomura Event

Adani Energy Solutions Ltd has announced its participation in the Nomura Asian Credit Corporate Day in Hong Kong, scheduled for October 17, 2025. The event will be held virtually, providing an opportunity for the company to engage with investors and discuss its strategies and performance, potentially impacting its market positioning and stakeholder relations.

Adani Energy Solutions Confirms Compliance with SEBI Regulations

Adani Energy Solutions Ltd has submitted a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. This submission, confirmed by their registrar and share transfer agent, MUFG Intime India Private Limited, ensures that the securities received for dematerialization have been processed and listed appropriately, maintaining compliance with regulatory standards.

Adani Energy Solutions Expands with New Subsidiary

Adani Energy Solutions Ltd has announced the incorporation of a new wholly owned subsidiary, Adani Energy Solutions Step-Fifteen Limited. This move is aimed at enhancing the company’s capabilities in power transmission, distribution, and supply, potentially strengthening its position in the electric utilities sector. The new subsidiary is set up with an authorized and paid-up share capital of Rs. 1 Lakh each, and it signifies Adani’s continued expansion in the energy infrastructure domain.