About
Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission; Distribution; Smart Meter; Trading; and Others segments. The company is involved in the establishment, commission, setting up, operation, and maintenance of electric power transmission systems; development, ownership, and operation of transmission lines; trade of bullion and other commodities; and laying of optical ground wire fibers on transmission lines to telecom solutions to telecom companies, internet service providers, and long-distance communication operators. It also provides electricity meters to optimize real-time insights of electricity usage. The company was formerly known as Adani Transmission Limited and changed its name to Adani Energy Solutions Limited in July 2023. The company was incorporated in 2013 and is headquartered in Ahmedabad, India. Adani Energy Solutions Limited operates as a subsidiary of S.B. Adani Family Trust.
Key Metrics
as of Sep 2026Market Cap172,388 Cr
P/E59.00
Div Yield0.00 %
Book Value₹212.00
52w High₹1,789.00
52w Low₹758.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 919.00 | 1,252.00 | 640.00 | 665.00 | 825.00 | 1,007.00 | 349.00 | 468.00 | 114.00 | 416.00 | 885.00 | 202.00 | 14.00 |
| Expenses | 862.00 | 1,143.00 | 584.00 | 634.00 | 803.00 | 992.00 | 358.00 | 427.00 | 112.00 | 409.00 | 868.00 | 209.00 | 18.00 |
| Operating Profit | 56.00 | 109.00 | 57.00 | 30.00 | 23.00 | 15.00 | -9.00 | 41.00 | 1.00 | 7.00 | 17.00 | -6.00 | -4.00 |
| OPM % | 6.00 | 9.00 | 9.00 | 4.60 | 2.80 | 1.50 | -2.60 | 9.00 | 1.30 | 1.60 | 1.90 | -3.20 | -27.00 |
| Other Income | 285.00 | 351.00 | 296.00 | 306.00 | 287.00 | 333.00 | 310.00 | 270.00 | 195.00 | 175.00 | 201.00 | 193.00 | 425.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 277.00 | 252.00 | 217.00 | 198.00 | 160.00 | 142.00 | 136.00 | 132.00 | 120.00 | 108.00 | 103.00 | 81.00 | 56.00 |
| Profit before tax | 64.00 | 208.00 | 135.00 | 139.00 | 150.00 | 207.00 | 164.00 | 180.00 | 77.00 | 74.00 | 114.00 | 105.00 | 365.00 |
| Tax % | 23.00 | 4.00 | 15.00 | 27.00 | -4.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.00 |
| Net Profit | 49.00 | 199.00 | 114.00 | 101.00 | 156.00 | 198.00 | 164.00 | 180.00 | 77.00 | 74.00 | 114.00 | 105.00 | 301.00 |
| EPS in Rs | 0.41 | 1.66 | 0.95 | 0.84 | 1.30 | 1.65 | 1.36 | 1.50 | 0.69 | 0.67 | 1.02 | 0.94 | 2.70 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,383.00 | 1,938.00 | 1,517.00 | 688.00 | 740.00 | 755.00 | 858.00 | 833.00 | 835.00 | 810.00 | 274.00 | 23.00 |
| Expenses | 3,164.00 | 1,889.00 | 1,504.00 | 716.00 | 742.00 | 765.00 | 881.00 | 848.00 | 841.00 | 785.00 | 208.00 | 23.00 |
| Operating Profit | 219.00 | 49.00 | 13.00 | -28.00 | -2.00 | -10.00 | -23.00 | -15.00 | -5.00 | 25.00 | 66.00 | 0.00 |
| OPM % | 6.00 | 2.50 | 0.90 | -4.10 | -0.30 | -1.30 | -2.70 | -1.80 | -0.70 | 3.10 | 24.00 | 1.40 |
| Other Income | 1,240.00 | 1,109.00 | 995.00 | 615.00 | 701.00 | 679.00 | 796.00 | 802.00 | 775.00 | 799.00 | 147.00 | 1.00 |
| Interest | 826.00 | 530.00 | 348.00 | 416.00 | 763.00 | 690.00 | 767.00 | 733.00 | 794.00 | 819.00 | 270.00 | 19.00 |
| Depreciation | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 631.00 | 627.00 | 659.00 | 170.00 | -65.00 | -21.00 | 6.00 | 54.00 | -25.00 | 5.00 | -57.00 | -18.00 |
| Tax % | 10.00 | 1.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.00 | 0.00 | 21.00 | 0.00 | 0.00 |
| Net Profit | 571.00 | 618.00 | 595.00 | 170.00 | -65.00 | -21.00 | 6.00 | 42.00 | -25.00 | 4.00 | -57.00 | -18.00 |
| EPS in Rs | 4.75 | 5.14 | 5.33 | 1.53 | -0.59 | -0.19 | 0.05 | 0.39 | -0.22 | 0.04 | -0.51 | -0.16 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,201.00 | 1,201.00 | 1,115.00 | 1,115.00 | 1,100.00 | 1,100.00 | 1,100.00 | 1,100.00 | 1,100.00 | 1,100.00 | 1,100.00 | 1,090.00 |
| Reserves | 19,716.00 | 18,497.00 | 9,806.00 | 9,211.00 | 2,877.00 | 2,987.00 | 3,711.00 | 4,059.00 | 2,753.00 | 1,021.00 | 1,149.00 | -18.00 |
| Borrowings | 11,037.00 | 7,553.00 | 5,166.00 | 2,602.00 | 8,549.00 | 7,864.00 | 7,856.00 | 7,154.00 | 7,797.00 | 7,976.00 | 5,304.00 | 2,627.00 |
| Other Liabilities | 3,884.00 | 1,313.00 | 308.00 | 38.00 | 141.00 | 234.00 | 268.00 | 498.00 | 597.00 | 683.00 | 68.00 | 12.00 |
| Total Liabilities | 35,838.00 | 28,564.00 | 16,395.00 | 12,966.00 | 12,666.00 | 12,185.00 | 12,934.00 | 12,811.00 | 12,247.00 | 10,779.00 | 7,621.00 | 3,711.00 |
| Fixed Assets | 10.00 | 10.00 | 9.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| CWIP | 35.00 | 30.00 | 4.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 15,394.00 | 13,207.00 | 9,030.00 | 6,721.00 | 6,681.00 | 6,203.00 | 5,984.00 | 6,958.00 | 3,783.00 | 3,815.00 | 3,686.00 | 3,683.00 |
| Other Assets | 20,399.00 | 15,318.00 | 7,352.00 | 6,237.00 | 5,984.00 | 5,981.00 | 6,948.00 | 5,852.00 | 8,463.00 | 6,964.00 | 3,934.00 | 28.00 |
| Total Assets | 35,838.00 | 28,564.00 | 16,395.00 | 12,966.00 | 12,666.00 | 12,185.00 | 12,934.00 | 12,811.00 | 12,247.00 | 10,779.00 | 7,621.00 | 3,711.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 442.00 | -606.00 | -209.00 | -15.00 | 3.00 | -22.00 | -17.00 | 23.00 | 50.00 | -15.00 | 57.00 | -11.00 |
| Cash from Investing Activity | -3,695.00 | -9,164.00 | -2,001.00 | -1,665.00 | 240.00 | 191.00 | 1,971.00 | -266.00 | -246.00 | -2,311.00 | -3,747.00 | -3,683.00 |
| Cash from Financing Activity | 2,828.00 | 10,238.00 | 2,210.00 | 1,681.00 | -248.00 | -961.00 | -1,184.00 | -234.00 | 703.00 | 2,325.00 | 3,691.00 | 3,694.00 |
| Net Cash Flow | -425.00 | 468.00 | 0.00 | 0.00 | -6.00 | -793.00 | 770.00 | -477.00 | 506.00 | 0.00 | 2.00 | 0.00 |
| Free Cash Flow | 436.00 | -625.00 | -215.00 | -38.00 | 2.00 | -22.00 | -17.00 | 22.00 | 50.00 | -14.00 | 56.00 | -11.00 |
| CFO/OP % | 240.00 | -1,231.00 | -1,110.00 | 67.00 | -432.00 | 378.00 | 71.00 | -312.00 | -979.00 | -40.00 | 91.00 | -3,309.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 280.00 | 195.00 | 55.00 | 1.00 | 0.00 | 0.00 | 41.00 | 4.00 | 13.00 | 50.00 | 102.00 | 412.00 |
| Cash Conversion Cycle | 280.00 | 195.00 | 55.00 | 1.00 | 0.00 | 0.00 | 41.00 | 4.00 | 13.00 | 50.00 | 102.00 | 412.00 |
| Working Capital Days | -55.00 | -24.00 | -77.00 | -176.00 | -214.00 | -329.00 | 250.00 | -473.00 | -505.00 | -250.00 | -3,140.00 | -41,485.00 |
| ROCE % | 5.00 | 5.00 | 7.00 | 5.00 | 6.00 | 5.00 | 6.00 | 7.00 | 7.00 | 9.00 | 4.00 | 0.00 |
Corporate Actions
9 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 14 Jun 2024 | — | — | — | Annual General Meeting |
| Other | 11 Jul 2023 | — | — | — | Annual General Meeting |
| Other | 18 Jul 2022 | — | — | — | Annual General Meeting |
| Other | 02 Jul 2021 | — | — | — | Annual General Meeting |
| Other | 16 Jun 2020 | — | — | — | Annual General Meeting |
| Other | 30 Jul 2019 | — | — | — | Annual General Meeting |
| Other | 27 Jul 2018 | — | — | — | Annual General Meeting |
| Other | 01 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 01 Aug 2016 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update8 Jul from icra
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Rating update18 Jun from crisil
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Rating update27 Apr from icra
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Rating update26 Feb from icra
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Rating update3 Sep 2025 from crisil
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Rating update28 Feb 2025 from icra