Adani Energy Solutions Ltd (ADANIENSOL) AI Stock Analysis

• Market Cap: ₹1.15T
• Dividend Yield: N/A
• Average Volume (3M): 173.00K
• Price to Earnings (P/E): 51.2
• Beta (1Y): 1.36
• Revenue Growth: 22.98%
• EPS Growth: 328.13%
• Country: IN
• Employees: 4,959
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): 4.60
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹1,057.00 ▼(-0.09% Downside)

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.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates effective market penetration and demand for its energy solutions, supporting long-term business sustainability.

Operational Efficiency

Effective cost management and robust gross profit margins reflect operational efficiency, enhancing profitability and competitive positioning.

Sustainability Focus

Investments in clean energy position the company as a leader in sustainable solutions, aligning with global energy transition trends and future growth.

Negative Factors

High Debt Levels

High debt levels can strain financial flexibility and increase risk, potentially impacting long-term financial health and investment capacity.

Free Cash Flow Challenges

Negative free cash flow suggests challenges in converting earnings into cash, which may limit reinvestment opportunities and financial resilience.

Declining Net Profit Margin

A declining net profit margin indicates rising costs or inefficiencies, which could pressure profitability and require strategic adjustments.

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: Neutral
• Last Price: 1057.90
• 50DMA: Negative
• 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 Neutral. The current price of 1057.9 is above the 20-day moving average (MA) of 1010.47, above the 50-day MA of 996.17, and above the 200-day MA of 897.67, indicating a neutral trend. The MACD of 6.65 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 23.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	76 Outperform	₹1.15T	51.19	―	―	22.98%	328.13%
SOLARINDS	67 Neutral	₹1.19T	90.40	―	0.08%	29.86%	30.68%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SUZLON	64 Neutral	₹674.64B	21.22	―	―	74.67%	229.31%
JSWENERGY	63 Neutral	₹856.93B	42.29	―	0.41%	39.71%	1.33%
IREDA	62 Neutral	₹383.88B	20.05	―	―	33.44%	17.49%
ADANIGREEN	56 Neutral	₹1.56T	75.82	―	―	14.16%	75.34%

Adani Energy Solutions Ltd Corporate Events

Adani Energy Solutions to Close Trading Window Ahead of Q3 FY2026 Results

Adani Energy Solutions Limited has notified stock exchanges that its trading window for dealing in the company’s securities will be closed from 1 January 2026 until 48 hours after the announcement of its unaudited financial results for the quarter ended 31 December 2025. The move is in line with India’s SEBI (Prohibition of Insider Trading) Regulations, 2015, underscoring the company’s adherence to insider trading norms and reinforcing governance standards for employees and connected persons ahead of the upcoming quarterly results disclosure.

Adani Energy Solutions Appoints Anil Ahuja as Independent Director

Adani Energy Solutions Ltd has announced the appointment of Mr. Anil Ahuja as a Non-Executive Independent Director, effective November 29, 2025. Mr. Ahuja brings four decades of experience in investment and business development across Asia, with a focus on creating sustainable organizations. This strategic appointment is expected to enhance the company’s governance and potentially strengthen its market position by leveraging Mr. Ahuja’s extensive expertise in various sectors.

Adani Energy Solutions Secures Key Project for Renewable Energy Transmission

Adani Energy Solutions Ltd has announced the receipt of a Letter of Intent from PFC Consulting Limited for a major project in Gujarat. This project involves the establishment of a 2500 MW High Voltage Direct Current (HVDC) transmission system to facilitate the evacuation of 2.5 GW of renewable energy. This initiative is part of a larger scheme to evacuate an additional 8 GW of renewable energy from the Khavda renewable energy park, enhancing Adani’s transmission network and transformation capacity significantly.

Adani Energy Solutions Clarifies Position on Gujarat Battery Storage Project

Adani Energy Solutions Ltd has clarified its position regarding recent news about plans for India’s largest battery storage project in Gujarat. The company stated that Adani Green Energy Limited will implement the initial BESS project with a capacity of 1,126 MW / 3,530 MWh, and there are no current disclosure requirements triggered for Adani Energy Solutions. The company emphasized its commitment to making necessary disclosures in the future and attributed recent share price movements to market conditions.

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.