ADANIPOWER IN EQUITY
loading…—
Day range—
52-week range—
Market cap—
P/E · TTM—
As of—
| CUSTOMER | BASIS | EST ₹CR | RANGE | % REV | BUCKET | PERIOD | METHOD | CONF |
|---|---|---|---|---|---|---|---|---|
| Business | REV SHARE | 48,816 | 48,816–48,816 | 90.0% | COGS | FY26 | DISC | 90% |
| “Details of business activities (accounting for 90% of the turnover): Sr. No. Description of Main Activity Description of Business Activity % of Turnover of the…” AR · +2 DOC | ||||||||
| Maharashtra State Electricity Distribution Co. Limited | CONTRACT | — | — | — | CAPEX | FY25 | EST | 75% |
| “Note 7: Receiving of Supply and Services: Raipur to Tiroda construction of transmission line: APL is developing 2x800MW power plant in Raipur, Chhattisgarh a…” AR · +2 DOC | ||||||||
| MSEDCL | CONTRACT | — | — | — | CAPEX | FY25 | EST | 75% |
| “Note 7: Receiving of Supply and Services: Raipur to Tiroda construction of transmission line: APL is developing 2x800MW power plant in Raipur, Chhattisgarh a…” AR · +2 DOC | ||||||||
| Maharashtra State Electricity Distribution Co. Limited | CONTRACT | — | — | — | — | FY25 | EST | 75% |
| “Power Supply Agreement with MSEDCL Your Company entered into a Power Supply Agreement (PSA) for supply of 1,496 MW (net) for a period of 25 years with the Maha…” AR · +1 DOC | ||||||||
| Maharashtra | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “She has served as Additional Chief Secretary – Home Ministry for the Government of Maharashtra and as a Director on the Board of Bharat Heavy Electricals Limit…” AR · +2 DOC | ||||||||
| Karnataka | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “Over the years, we have established a large diversified portfolio, comprising 18,150 MW modern and efficient power generating assets that cater to eight states…” AR · +1 DOC | ||||||||
| Gujarat Urja Vikas Nigam Limited | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “Mr. Khyalia joined Gujarat Electricity Board in 1995 and during his stint of 26 years he served various posts such as Chief Finance Manager, General Manager (C…” AR · +1 DOC | ||||||||
| Securities and Exchange Board of India | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “He has served on the Securities and Exchange Board of India (SEBI)’s Committee on Disclosures and Accounting Standards and Takeover Panel and was Chairman of t…” AR · +1 DOC | ||||||||
| Others | UNSTATED | — | — | — | COGS | FY26 | EST | 75% |
| “33 Current Provisions (` In crore) Particulars As at March 31, 2025 As at March 31, 2024 [Restated (Refer note 43)] Employee Benefits Provision for Gratuity (R…” AR · +1 DOC | ||||||||
| Maharashtra | UNSTATED | — | — | — | COGS | FY25 | EST | 75% |
| “Fuel required for the PSA will be sourced under long-term Fuel Supply Agreement(s) (FSA) from Integrated Annual Report 2024-25232ADANI POWER LIMITED coal mines…” AR · +1 DOC | ||||||||
| MSEDCL | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “Power Supply Agreement with MSEDCL Your Company entered into a Power Supply Agreement (PSA) for supply of 1,496 MW (net) for a period of 25 years with the Maha…” AR · +1 DOC | ||||||||
| Mumbai | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “A new multi-modal mobility hub, amphitheatre, cloud kitchens and riverfront are being planned to serve all of Mumbai.” AR · +1 DOC | ||||||||
| Business | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “625624Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements Integrated Annual Report 2025-26ADANI POWER LI…” AR · +1 DOC | ||||||||
| Others | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “) Notes to Consolidated Financial Statements for the year ended March 31, 2025 Integrated Annual Report 2024-25548ADANI POWER LIMITED 37 Revenue from Operation…” AR · +1 DOC | ||||||||
| Uttar Pradesh | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “Commitment to Sustainable Progress SBTi/Net zero commitment Tax transparency audit UNGC participant IBBI 2040 Commitment to the Nation’s Progress ADANI …” AR DOC | ||||||||
| BHELBharat Heavy Electricals Ltd. | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “She has served as Additional Chief Secretary – Home Ministry for the Government of Maharashtra and as a Director on the Board of Bharat Heavy Electricals Limit…” AR DOC | ||||||||
| COALINDIACoal India Ltd. | UNSTATED | — | — | — | COGS | FY25 | EST | 75% |
| “) Notes to Standalone Financial Statements for the year ended March 31, 2025 Portfolio Overview Financial StatementsStatutory ReportsESG OverviewStrategic Revi…” AR DOC | ||||||||
| IEXIndian Energy Exchange Ltd. | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “Note 1: Sale and Purchase of Power Note 1 (i): Sale of Power In order to sell power in merchant on Indian Energy Exchange (IEX) and under bilateral agreement, …” AR DOC | ||||||||
| Scheduled Commencement Date of Supply | CONTRACT | — | — | — | CAPEX | FY27 | EST | 70% |
| “Time period by which the order(s)/contract(s) is to be executed The power supply under the power supply agreement will be for a period of 25 years from Schedul…” ORDER p.2 · 02-APR-26 DOC | ||||||||
| Assam Power Distribution Company Limited | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “Sub.: Regulation 30 (Disclosure of events or information) – Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation…” ORDER p.1 · 14-NOV-25 DOC | ||||||||
| APDCL | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “The Company was informed about the grant of the LoA by APDCL through email at 4:19 p.m. on November 13, 2025.” ORDER p.1 · 14-NOV-25 DOC | ||||||||
| MP Power Management Company Limited | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “Sub.: Regulation 30 (Disclosure of events or information) – Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation…” ORDER p.1 · 11-SEP-25 · +1 DOC | ||||||||
| MPPMCL | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “Earlier on August 29, 2025, the Company had received LoA for supply of 800 MW power from MPPMCL, whereby the total awarded capacity increased to 1600 MW.” ORDER p.1 · 11-SEP-25 · +1 DOC | ||||||||
| Appointed Date | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “Time period by which the order(s)/contract(s) is to be executed Within 60 months from the Appointed Date.” ORDER p.3 · 11-SEP-25 · +1 DOC | ||||||||
| Maharashtra | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “In September 2024, it, along with Adani Green Energy, received the LoI for a composite 6,600 MW (5,000 MW solar and 1,600 MW thermal) power supply order from M…” ORDER p.6 · 11-SEP-25 · +1 DOC | ||||||||
| Uttar Pradesh | CONTRACT | — | — | — | CAPEX | FY26 | EST | 70% |
| “In May 2025, it received the LoA from Uttar Pradesh government for supply of 1,600 MW power from a greenfield plant in the state.” ORDER p.6 · 11-SEP-25 · +1 DOC | ||||||||
| Financial Year | UNSTATED | — | — | — | — | FY25 | EST | 70% |
| “however Day care facilities is extended to contract labors too) c. Spending on measures towards well-being of employees and workers (including permanent and ot…” AR · +1 DOC | ||||||||
| MSEDCL | UNSTATED | — | — | — | COGS | FY26 | EST | 70% |
| “(d) Apart from above, in one of the matters relating to cost factor for computation of tariff compensatory claim, on account of consumption of alternate coal, …” AR · +1 DOC | ||||||||
| Authority. | UNSTATED | — | — | — | COGS | FY26 | EST | 70% |
| “Less: Utilisation - - Closing Balance 50.90 46.28 47 The Company had sought cancellation of the Jitpur coal block and requested the Nominated Authority, Minist…” AR · +1 DOC | ||||||||
| Ministry of Coal. | UNSTATED | — | — | — | COGS | FY26 | EST | 70% |
| “Less: Utilisation - - Closing Balance 50.90 46.28 47 The Company had sought cancellation of the Jitpur coal block and requested the Nominated Authority, Minist…” AR · +1 DOC | ||||||||
| Authority. | UNSTATED | — | — | — | — | FY26 | EST | 70% |
| “The Nominated Authority, has issued the Final Compensation Order dated November 13, 2024 and the Company is in process of submitting the required documents wit…” AR · +1 DOC | ||||||||
| NMDCNMDC Ltd. | CONTRACT | CT 163 | — | — | — | FY26 | EST | 70% |
| “Nominated authority vide order dated March 16, 2022 determined ` 163.23 crore being the total compensation payable by successful allottee (NMDC) to MEL.” AR · +1 DOC | ||||||||
| Office | UNSTATED | — | — | — | — | FY25 | EST | 70% |
| “Settlement Nil Nil Nil Nil Nil Compounding Fees Nil Office of the Regional Director ` 82,600/- Compounding Fees levied and paid under Section 441 for Compoundi…” AR DOC | ||||||||
| Uttarakhand Power Corporation Limited | CONTRACT | — | — | — | CAPEX | FY27 | EST | 70% |
| “Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 – Letter of Award This is to inform that A…” ORDER p.1 · 14-OCT-26 DOC | ||||||||
| UPCL | CONTRACT | — | — | — | CAPEX | FY27 | EST | 70% |
| “Significant terms and conditions of order(s)/contract(s) awarded, in brief As per the provisions of the tender floated by UPCL and subject to the conditions st…” ORDER p.2 · 14-OCT-26 DOC | ||||||||
| Assam Power Distribution Company Limited | CONTRACT | — | — | — | — | FY26 | EST | 65% |
| “Bagging/Receiving of orders/contracts Adani Power Limited has informed the Exchange about Receipt of Letter of Award For 3200 MW Thermal Power Project from Ass…” ANN · 14-NOV-25 DOC | ||||||||
| FY27 | UNSTATED | — | — | — | — | FY27 | EST | 65% |
| “Turning to revenue, Our Continuing Revenue from Operations for Q2 FY27 grew by 29.8% to Rs. 17,014 Crore, up from Rs. 13,106 Crore in Q2 FY26.” CONCALL p.5 · 31-OCT-26 · +1 DOC | ||||||||
| Uttar Pradesh Power Corporation Limited | CONTRACT | — | — | — | CAPEX | FY26 | EST | 60% |
| “Sub.: Regulation 30 (Disclosure of events or information) – Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation…” ORDER p.1 · 10-MAY-25 DOC | ||||||||
| UPPCL | CONTRACT | — | — | — | CAPEX | FY26 | EST | 60% |
| “The Company was informed about the grant of the LoA by UPPCL through email at 8:00 p.m. on May 9, 2025.” ORDER p.1 · 10-MAY-25 DOC | ||||||||
| CDSLCentral Depository Services (India) Ltd. | UNSTATED | — | — | — | — | FY26 | EST | 60% |
| “Now Enter your User ID a. For CDSL: 16 digits beneficiary ID, b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID, c. Members holding shares in Physi…” AR · +1 DOC | ||||||||
| AIILAuthum Investment & Infrastructure Ltd. | UNSTATED | — | — | — | CAPEX | FY25 | EST | 60% |
| “Further, for the better and efficient execution of these projects and on overall project management including sourcing, engineering, quality, post order monito…” AR DOC | ||||||||
| Bihar State Power Generation Company Limited | CONTRACT | — | — | — | CAPEX | FY26 | EST | 60% |
| “Sub.: Regulation 30 (Disclosure of events or information) – Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation…” ORDER p.1 · 29-AUG-25 DOC | ||||||||
| BSPGCL | CONTRACT | — | — | — | CAPEX | FY26 | EST | 60% |
| “The Company was informed about the grant of the LoA by BSPGCL through email at 6:18 p.m. on August 28, 2025.” ORDER p.1 · 29-AUG-25 DOC | ||||||||
| Uttarakhand Power Corporation Limited | UNSTATED | — | — | — | — | 2026-10 | EST | 60% |
| “We received a letter of award for a 25-year PPA of 1,320 megawatts from Uttarakhand Power Corporation Limited during this quarter.” CONCALL p.4 · 31-OCT-26 DOC | ||||||||
| SUPPLIER | BASIS | EST ₹CR | RANGE | % COST | BUCKET | PERIOD | METHOD | CONF |
|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro Ltd. | CONTRACT | 30,491 | 3,388–30,491 | 88.5% | — | FY26 | EST | 75% |
| “Bagging/Receiving of orders/contracts Larsen & Toubro Limited has informed the Exchange about L&T Secures (Ultra-Mega*) Contract from Adani Power for 6,400MW T…” ANN · 11-AUG-25 DOC | ||||||||
| LTLarsen & Toubro Ltd. | CONTRACT | 19,605 | 19,605–19,605 | 84.0% | CAPEX | FY26 | EST | 85% |
| “Re : L&T Secures (Ultra-Mega*) Contract from Adani Power for 6,400MW Thermal Power for CarbonLite Solutions Business We enclose herewith a copy of Press Releas…” ORDER p.1 · 11-AUG-25 DOC | ||||||||
| SCHAEFFLERSchaeffler India Ltd. | UNSTATED | 8,717 | 4,795–8,717 | 25.3% | — | 2026-05 | EST | 60% |
| “The next I would draw your attention to is a customer, the largest customer in India, which is Adani Power.” CONCALL p.3 · 31-MAY-26 DOC | ||||||||
| GVT&DGE Vernova T&D India Ltd. | UNSTATED | 3,618 | 3,618–3,618 | — | CAPEX | FY25 | EST | 75% |
| “NATION BUILDING Notable domestic projects executed included 765 kV substation equipments supply and commissioning for customers like Power Grid Corporation of …” AR · +1 DOC | ||||||||
| BHELBharat Heavy Electricals Ltd. | CONTRACT | 3,603 | 400–3,603 | 10.5% | — | FY24 | EST | 75% |
| “Updates Bharat Heavy Electricals Limited has informed the Exchange regarding 'Receipt of orders from Adani Power Limited and its subsidiary Mahan Energen Limit…” ANN · 26-AUG-24 · +2 DOC | ||||||||
| BHELBharat Heavy Electricals Ltd. | CONTRACT | 2,317 | 2,317–2,317 | 9.9% | CAPEX | FY25 | EST | 85% |
| “Sub: Receipt of orders/contracts Pursuant to RegulaƟon 30 of the SEBI (LisƟng ObligaƟons and Disclosure Requirements) RegulaƟons, 2015, it is informed that BHE…” ORDER p.1 · 04-NOV-26 · +2 DOC | ||||||||
| NCCNCC Ltd. | UNSTATED | 1,428 | 1,428–1,428 | 6.1% | CAPEX | FY26 | EST | 70% |
| “RRMMLL HHoossppiittaall,, NNeeww DDeellhhii 2233rrdd FFeebbrruuaarryy 22002266 has been provisionally awarded with a GGRRIIHHAA rraattiinngg Vice President & C…” AR p.61 · 31-MAR-26 DOC | ||||||||
| PFOCUSPrime Focus Ltd. | UNSTATED | 341 | 64–499 | 1.0% | — | 2026-10 | EST | 75% |
| “KBL secured major orders from Adani Power and its group companies for Concrete Volute Pumps (CVP), reinforcing our position as the world’s largest CVP supplier.” AR DOC | ||||||||
| GVT&DGE Vernova T&D India Ltd. | UNSTATED | — | — | — | — | FY32 | — | 75% |
| “Target of 596 GW of renewable energy by FY 2032, which will make up 68.4% of total capacity and meetAnnual Repor t 2024-25 Directors’ Repor t GE Vernova T&D In…” AR DOC | ||||||||
| BERGEPAINTBerger Paints India Ltd. | UNSTATED | — | — | — | COGS | FY26 | EST | 75% |
| “Champawat Water Supply - Waterproofing Foxconn, Bengaluru - Fireproofing and Floor Coatings Madhya Pradesh Irrigation - External Pipe Coating L&T EWL / Adani P…” AR DOC | ||||||||
| JPPOWERJaiprakash Power Ventures Ltd. | UNSTATED | — | — | — | — | FY26 | EST | 75% |
| “Shri Savan Jayendra Patel is a qualified Chartered Accountant and currently serves as the Chief Commercial Officer of Adani Power Limited.” AR DOC | ||||||||
| Others | UNSTATED | — | — | — | — | FY25 | EST | 75% |
| “Includes 500 MW power plant of Dahanu Thermal Power Station 36 ADANI POWER LIMITED = Target Capacity by 2030 21 Assets 30,670 MW Assets Type 24%76% Organic Ino…” AR · +1 DOC | ||||||||
| Financial Year | UNSTATED | — | — | — | COGS | FY25 | EST | 75% |
| “Percentage of input material (inputs to total inputs by value) sourced from suppliers: FY 2024-25 Current Financial Year FY 2023-24 Previous Financial Year Dir…” AR · +1 DOC | ||||||||
| COALINDIACoal India Ltd. | UNSTATED | — | — | — | COGS | FY26 | EST | 75% |
| “A comparative analysis of the landed cost of coal for coal procured from Dhirauli Coal Mines vis à vis coal procured from Coal India subsidiaries is attached a…” AR DOC | ||||||||
| China. | UNSTATED | — | — | — | COGS | FY25 | EST | 75% |
| “US import tariffs on goods from China and other nations may affect the cost and availability of Chinese manufacturing inputs and spare parts.” AR DOC | ||||||||
| Maharashtra | UNSTATED | — | — | — | — | FY26 | EST | 70% |
| “Thermal Power Plant at Tiroda, Maharashtra 235234Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements Int…” AR DOC | ||||||||
| Business | UNSTATED | — | — | — | — | FY25 | EST | 70% |
| “Furthermore, we encourage procurement from local suppliers to boost the economic growth of local communities Negative Portfolio Overview Financial StatementsSt…” AR · +1 DOC | ||||||||
| SOURCE | READ | % | LAST READ |
|---|---|---|---|
| ANNOUNCEMENTS | 8/8 | 100% | 08-NOV-26 |
| ANNUAL | 2/2 | 100% | 15-OCT-26 |
| CONCALL | 5/5 | 100% | 10-NOV-26 |
| ORDERS | 8/8 | 100% | 08-NOV-26 |
| RATINGS | 1/8 | 13% | 14-NOV-26 |
| SCREENER | 1/1 | 100% | 10-NOV-26 |
| SIGNAL | VALUE | AS OF | INPUTS |
|---|---|---|---|
| CUST MOM 1M | +5.1% | 14-NOV-26 | from 15-OCT-26 · NMDC Ltd. -1.4% w 0 · Central Depository Services (India) Ltd. +11.9% w 0 · Authum Investment & Infrastructure Ltd. +6.5% w 0 · Bharat Heavy Electricals Ltd. +0.5% w 0 · Indian Energy Exchange Ltd. +8.2% w 0 |
| DISTRESS SCORE | 0.324 | 13-OCT-26 | roe 0.2 · operatingMargin 0.37 · debtToEquity 0.84 · interestCoverage 5.6 · assetTurnover 0.38 · leverage 2.18 |
| SUPP MOM 1M | +10.0% | 14-NOV-26 | from 15-OCT-26 · Berger Paints India Ltd. +1.2% w 0 · Schaeffler India Ltd. -1.8% w 0 · Larsen & Toubro Ltd. +14.1% w 1 · Bharat Heavy Electricals Ltd. +0.5% w 0 · GE Vernova T&D India Ltd. +11.9% w 0 · Prime Focus Ltd. -2.7% w 0 |