Adani Energy Solutions enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


1,63,975	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
5,438	3,971	4,480	1,185	1,247
1,195	1,098	943	1,062	1,098
48,898	48,898	40,206	37,009	34,199
2,08,630	—	—	—	—
43,460	44,928	35,726	35,824	32,951
₹1,736.73	—	—	—	—

81,397	75,424	63,217	50,712	46,959
60.1%	64.8%	63.6%	73.0%	72.8%
0.23×	—	—	—	—

6.14×	—	—	—	—
19.70×	—	—	—	—
24.84×	—	—	—	—
33,960	27,588	23,767	16,607	13,293
10,590	9,084	8,407	6,171	4,518
8,400	7,106	6,501	4,395	2,910
—	10,997	8,695	6,038	3,777
−3,435	−3,435	−683	608	−925
—	−4,134	−903	−442	−1,488
—	14,432	9,378	5,430	4,702

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ADANIENSOL₹1,365.00

Adani Energy Solutions Ltd.

· Energy & Power

₹ CrorePeersPOWERGRID ADANIPOWER TATAPOWER ADANIGREEN NTPC NHPC JSWENERGY CLEANMAXMcap ₹1.64L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	1,63,974.7
- Cash, Equiv & ST Investments	1,247.4	1,184.8	4,480.1	3,970.9	5,438.0
+ Minority Interest	1,097.6	1,061.6	943.1	1,098.1	1,195.1
+ Total Debt	34,198.8	37,008.9	40,206.1	48,898.5	48,898.5
Enterprise Value	—	—	—	—	2,08,630.3
Net Debt (memo)	32,951.4	35,824.1	35,726.0	44,927.6	43,460.4
EV per Share	—	—	—	—	1,736.73

Total Capital	46,958.8	50,712.0	63,217.3	75,424.1	81,397.1
Total Debt/Total Capital	72.83	72.98	63.60	64.83	60.07
Total Debt/EV	—	—	—	—	0.23

EV/Sales	—	—	—	—	6.14
EV/EBITDA	—	—	—	—	19.70
EV/EBIT	—	—	—	—	24.84
Reference Items — Trailing FY Values
Sales	13,292.7	16,607.4	23,767.1	27,588.0	33,959.5
EBITDA	4,517.6	6,171.2	8,407.3	9,084.4	10,589.9
EBIT	2,909.9	4,395.1	6,501.3	7,106.2	8,400.0
Operating Cash Flow	3,777.0	6,037.6	8,695.2	10,996.7	—
Free Cash Flow	-925.2	608.1	-682.9	-3,435.1	-3,435.1
FCFF (free cash flow to the firm)	-1,487.9	-442.3	-903.5	-4,134.0	—
Capital Expenditure	4,702.2	5,429.5	9,378.1	14,431.8	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.