ADANIPOWER

🏢 Company Overview

Adani Power Limited is part of the Adani Group and operates as one of India’s largest private thermal power producers. It was incorporated in 1996 and is headquartered in Ahmedabad, Gujarat. The company primarily runs coal-based thermal power plants, with some solar generation capacity as well. 📊 Financial Snapshot The stock is currently trading around the ₹630–635 zone. Over the past year, it has moved between ₹432 on the lower side and nearly ₹678 on the higher side. The company’s market capitalization is above ₹2.4 lakh crore. Its valuation stands near 19–20 times earnings, with earnings per share of about ₹32 in the last twelve months. Revenue growth in the latest financial year was around 10–11%, supported by nearly 21% growth in electricity sales. 🔍 Recent Developments The company received a clean regulatory outcome, with major allegations of stock manipulation and fund diversion being dismissed. This has boosted investor confidence. Adani Power has announced its first-ever stock split in the ratio of 1:5. The record date is in September 2025, and the move is expected to improve liquidity and retail participation. The company has signed a 25-year agreement with the Bihar state utility for supply of 2,400 MW power. It will also set up a large ultra-supercritical power plant in Bihar, strengthening long-term growth visibility. ⚠️ Key Risks Falling tariff realizations even as volumes increase, which can put pressure on margins. High debt levels and interest costs remain a factor to monitor. Regulatory and environmental risks are significant, since thermal power is coal-dependent. Power demand fluctuations and financial health of state distribution companies could affect cash flows.