Adani Power 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


3,68,723	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
9,134	2,419	1,358	1,510	961
1,620	1,465	1,326	0.0	0.0
53,556	53,556	38,335	34,457	42,252
4,14,765	—	—	—	—
44,422	51,136	36,977	32,947	41,291
₹215.07	—	—	—	—

1,31,933	1,19,957	96,008	77,602	72,128
40.6%	44.6%	39.9%	44.4%	58.6%
0.13×	—	—	—	—

6.38×	—	—	—	—
16.49×	—	—	—	—
20.22×	—	—	—	—
65,015	54,241	56,203	50,351	38,773
25,151	19,806	21,305	18,181	10,045
20,510	15,242	16,997	14,249	6,741
—	20,514	21,501	14,170	8,431
−2,793	−2,793	9,942	11,568	5,187
—	−3,450	9,190	11,568	5,187
—	23,307	11,559	2,602	3,244

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

alphave

ADANIPOWER₹191.20

Adani Power Ltd.

· Energy & Power

₹ CrorePeersTATAPOWER JSWENERGY NTPC ADANIENSOL ADANIGREEN POWERGRID NHPC CLEANMAXMcap ₹3.69L 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	—	—	—	—	3,68,723.5
- Cash, Equiv & ST Investments	960.8	1,509.8	1,357.6	2,419.2	9,133.6
+ Minority Interest	0.0	0.0	1,326.5	1,465.0	1,619.8
+ Total Debt	42,252.1	34,456.9	38,334.9	53,555.5	53,555.5
Enterprise Value	—	—	—	—	4,14,765.2
Net Debt (memo)	41,291.3	32,947.1	36,977.3	51,136.3	44,421.9
EV per Share	—	—	—	—	215.07

Total Capital	72,127.7	77,601.9	96,008.4	1,19,957.5	1,31,933.0
Total Debt/Total Capital	58.58	44.40	39.93	44.65	40.59
Total Debt/EV	—	—	—	—	0.13

EV/Sales	—	—	—	—	6.38
EV/EBITDA	—	—	—	—	16.49
EV/EBIT	—	—	—	—	20.22
Reference Items — Trailing FY Values
Sales	38,773.3	50,351.3	56,203.1	54,240.5	65,015.1
EBITDA	10,044.7	18,180.7	21,305.4	19,806.1	25,150.5
EBIT	6,741.0	14,249.4	16,996.6	15,241.6	20,509.5
Operating Cash Flow	8,430.5	14,170.2	21,501.1	20,513.7	—
Free Cash Flow	5,186.9	11,567.7	9,942.1	-2,792.9	-2,792.9
FCFF (free cash flow to the firm)	5,186.9	11,567.7	9,190.1	-3,449.5	—
Capital Expenditure	3,243.7	2,602.5	11,559.0	23,306.5	—

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%.