Adani Power Limited

BSE: 533096 NSE: ADANIPOWER
Adani Power Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L40100GJ1996PLC030533 Incorporated 22 August 1996 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: ADANIPOWER · BSE: 533096 Public Limited Company energy and power Fortune India 500 · #51 India's Most Valuable · #11 Nifty 500
Data last updated
Market Cap
₹3,93,408 Cr
ADANIPOWER · NSE
Share Price
₹204.29
+0.14% today
Revenue
₹54,241 Cr
FY 2025-26 · -3.5% YoY
EBITDA
₹19,806 Cr
Margin 36.5%
Net Profit
₹12,775 Cr
FY 2025-26 · -1.4% YoY
P/E (TTM)
21.4x
P/B 5.1x
ROE
21.4%
ROCE 16.6%
Debt / Equity
0.77
Interest cover 22.1x

About Adani Power Limited

Data last updated:

Adani Power Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 22 August 1996 and has been in existence for over 30 years.

Adani Power is ranked #51 on the Fortune India 500 (2025) and #11 among India's most valuable companies (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Gautam Adani and family are #1 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L40100GJ1996PLC030533. Its GSTIN is 24AABCA2957L1ZM (Gujarat). The company holds 11 GST registrations, of which 8 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533096 and NSE: ADANIPOWER.

The company has an authorised share capital of ₹28,000 Cr and a paid-up capital of ₹4,272.8 Cr. It was formerly known as Adani Power Private Limited. It is led by directors including Anil Kumar Sardana (Managing Director) and Shersingh Khyalia (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹54,241 Cr, a decline of 3.5% compared to the previous year. For the same year it recorded a net profit of ₹12,775 Cr (net margin 23.6%) and EBITDA of ₹19,806 Cr (EBITDA margin 36.5%). The net worth stands at ₹65,088 Cr (up 15.2% YoY). Total assets are valued at ₹1,26,916 Cr (up 23% YoY).

The company has about 122 employees on its provident fund (EPFO) records. Its group structure includes 13 subsidiaries.

The company is associated with 3 brands: Adani Singapore, BigWit Energy and Adani Power. As per MCA filings, the company has open charges of ₹1,27,319 Cr and satisfied charges of ₹1,65,009 Cr on record. Court records list 498 cases involving the company, including 110 filed by the company and 389 filed against it; 123 cases are pending. The company has 32 deals on record (27 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹902.1 Cr; the latest was in August 2026. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 5 overdue payments to 5 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adanipower.com.

Company details

CIN L40100GJ1996PLC030533
Registration Number 030533
Incorporation Date 22 August 1996
ROC Ahmedabad
Listing Status Listed - Listed on NSE (ADANIPOWER); Listed on BSE (533096)
Company Status Active
Date of Last AGM 25 June 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Adani Power has one previous CIN (Corporate Identification Number): U40100GJ1996PLC030533. The current CIN is L40100GJ1996PLC030533, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L40100GJ1996PLC030533Current
U40100GJ1996PLC030533Previous
Key People
Anil Kumar Sardana Managing Director Shersingh Khyalia Whole-Time Director Gautam Shantilal Adani Director

Recognitions & Rankings of Adani Power

Fortune India 500 2025 edition
Rank#51
Total income
₹58,906 Cr
Profit
₹12,939 Cr
Last year #44
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#11
Valuation
₹4,27,840 Cr
1-year change
+107%
2024 #31 2023 #29 2022 #31
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

Contact details

Adani Power Limited's registered office is in Ahmedabad, Gujarat. Its website is adanipower.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    adanipower.com
  • Social Media
  • Registered Address
    Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
  • Industry
    Energy and Power, Thermal Power Generation & Plants

To see the full contact details of Adani Power Limited, buy the company report.

Comprehensive company report
Adani Power Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Adani Power operates multiple associated brands including Adani Singapore, BigWit Energy, and Adani Power. Each brand links to its own profile.

BrandDescriptionWebsite
Adani Singapore
Operates in energy production, infrastructure logistics, and data center technology.adanisingapore.com.sg
BigWit Energy
Offers solar installations, renewable energy solutions, and maintenance for clients.bigwitenergy.com
Adani Power
Coal-powered thermal plants are operated for electricity generation in India.adanipower.com

Business activity

The main business activities of Adani Power are electricity, gas, steam and air conditioning supply and trade. In detail, this covers electricity, gas, steam and air conditioning supply and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air conditioning supply35Electricity, gas, steam and air conditioning supply
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Adani Power Limited, buy the company report.

Financials of Adani Power Limited

FY 2025-26 filings available

Adani Power Limited reported revenue of ₹54,241 Cr (down 3.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹54,241 Cr
-3.5% YoY
EBITDA
₹19,806 Cr
-7.0% YoY
Profit After Tax
₹12,775 Cr
-1.4% YoY
Net Worth
₹65,088 Cr
+15.2% YoY
Total Assets
₹1,26,916 Cr
+23.0% YoY
Total Debt
₹54,519 Cr
+38.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue54,24156,20350,35138,77327,71126,22126,468
Revenue growth-3.5%+11.6%+29.9%+39.9%+5.7%-0.9%-
EBITDA19,80621,30518,18110,0459,8148,6694,682
EBITDA margin+36.5%+37.9%+36.1%+25.9%+35.4%+33.1%+17.7%
Profit before tax15,50016,36020,7927,6756,5772,289(2,265)
Net profit12,77512,95120,83310,7654,9611,281(1,235)
Net profit margin+23.6%+23.0%+41.4%+27.8%+17.9%+4.9%-4.7%
EPS (₹)6.6633.5554.0027.8112.733.29(5.90)
Balance sheet
Total assets1,26,9161,03,20884,09876,63573,27071,20567,202
Net worth65,08856,48643,33030,04518,85813,2016,557
Total debt54,51939,35634,43142,18148,74452,32355,123
Cash & bank6,9266,1207,2121,8742,3651,6071,979
Net working capital17,66019,58917,3029,7559,83411,3497,034
Cash flow
Cash from operations20,51421,50114,1708,43110,2337,0145,598
Cash from investing(26,461)(17,142)3,4811,545774(2,188)(2,304)
Cash from financing6,555(5,175)(16,864)(10,408)(10,338)(5,655)(2,377)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19,43918,90214,22312,45113,45714,10914,23713,671
Revenue growth (YoY)+44.5%+34.0%-0.1%-8.9%+0.9%-5.7%--
Other income5125381,7665438514652981,162
EBITDA8,2287,9494,7324,2385,1505,6854,8135,023
EBITDA margin+42.3%+42.1%+33.3%+34.0%+38.3%+40.3%+33.8%+36.7%
Depreciation1,1911,1671,1471,1351,1931,0891,0851,170
Interest760901967701842857765957
Profit before tax6,7896,4184,3842,9453,9664,2043,2614,059
Tax(231)1,5521134571,0608996621,119
Net profit7,0194,8674,2712,4882,9063,3052,5992,940
EPS (₹)3.592.492.081.291.538.626.627.67
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue45,28949,71146,45636,68127,7114471,005
Revenue growth-8.9%+7.0%+26.7%+32.4%+6097.0%-55.5%-
EBITDA17,18319,50916,6689,3199,83739.10(1,041)
EBITDA margin+37.9%+39.3%+35.9%+25.4%+35.5%+8.7%-103.6%
Profit before tax14,30615,28419,5817,3896,702(503)(1,341)
Net profit10,96011,58919,67310,2875,087(499)(338)
Net profit margin+24.2%+23.3%+42.4%+28.1%+18.4%-111.5%-33.6%
EPS (₹)5.7029.9750.9026.5713.06(1.29)(3.48)
Balance sheet
Total assets1,07,82088,35581,08565,74463,78623,59821,755
Net worth53,15746,57840,40128,39318,61817,08515,790
Total debt48,95335,83434,43132,73440,3426,2845,757
Cash & bank6,1264,4235,7711,6922,01586.61101
Net working capital16,52017,08415,89510,1119,69889.87(297)
Cash flow
Cash from operations19,14818,45312,9767,93310,264(288)94.66
Cash from investing(23,364)(10,811)3,1452,8241,3863906,816
Cash from financing4,830(8,041)(15,751)(11,138)(11,182)(105)(6,907)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue17,41616,64311,57310,01111,78512,46212,20112,042
Revenue growth (YoY)+47.8%+33.6%-5.1%-16.9%-1.0%+9.4%--
Other income6886352,0425869475663891,206
Total expenses9,7489,6337,7156,4297,1807,2387,8687,169
EBITDA7,6687,0103,8583,5824,6045,2244,3334,873
EBITDA margin+44.0%+42.1%+33.3%+35.8%+39.1%+41.9%+35.5%+40.5%
Depreciation1,0701,0499329511,078940958990
Interest782869969719860830683904
Profit before tax6,5035,7263,9992,4983,6144,0203,0824,185
Tax2411,5169124521,0609017231,150

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19,43918,90214,22312,45113,45714,10914,23713,671
Revenue growth (YoY)+44.5%+34.0%-0.1%-8.9%+0.9%-5.7%--
Other income5125381,7665438514652981,162
EBITDA8,2287,9494,7324,2385,1505,6854,8135,023
EBITDA margin+42.3%+42.1%+33.3%+34.0%+38.3%+40.3%+33.8%+36.7%
Depreciation1,1911,1671,1471,1351,1931,0891,0851,170
Interest760901967701842857765957
Profit before tax6,7896,4184,3842,9453,9664,2043,2614,059
Tax(231)1,5521134571,0608996621,119
Net profit7,0194,8674,2712,4882,9063,3052,5992,940
EPS (₹)3.592.492.081.291.538.626.627.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue54,24156,20350,35138,77327,71126,22126,468
Revenue growth-3.5%+11.6%+29.9%+39.9%+5.7%-0.9%-
Other income3,6252,7039,9304,2673,9751,9281,374
Total expenses34,43434,89832,17128,72917,89717,55321,785
Employee cost855784644570470432427
EBITDA19,80621,30518,18110,0459,8148,6694,682
EBITDA margin+36.5%+37.9%+36.1%+25.9%+35.4%+33.1%+17.7%
Depreciation4,5654,3093,9313,3043,1183,2023,006
Interest3,3673,3403,3883,3344,0955,1065,315
Profit before tax15,50016,36020,7927,6756,5772,289(2,265)
Tax2,5283,610(37.28)(3,052)1,6661,0199.85
Net profit12,77512,95120,83310,7654,9611,281(1,235)
Net profit margin+23.6%+23.0%+41.4%+27.8%+17.9%+4.9%-4.7%
EPS (₹)6.6633.5554.0027.8112.733.29(5.90)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4,0083,9964,2884,2724,2583,9453,933
Reserves & surplus58,21846,57228,8819,711(388)(5,132)(5,992)
Shareholders' funds (net worth)65,08856,48643,33030,04518,85813,2016,557
Minority interest1,4651,3260.000.000.000.010.01
Secured loans53,29437,81734,27235,29341,41842,42641,781
Unsecured loans1,2251,5391596,8887,3269,89713,341
Total debt54,51939,35634,43142,18148,74452,32355,123
Total liabilities1,26,9161,03,20884,09876,63573,27071,20567,202
Assets
Gross block1,05,7201,01,11090,70975,32973,94570,46470,277
Net block69,40169,29763,01651,45153,27452,85155,846
Capital work in progress35,05312,10492512,88010,2706,4392,347
Investments1,5161,09737465418320.102.80
Inventories3,6233,3174,1423,0752,2582,0252,523
Sundry debtors11,79113,02211,67711,5299,56111,4388,366
Cash & bank balances6,9266,1207,2121,8742,3651,6071,979
Loans & advances4,8562,8172,1822,4631,8612,2811,722
Total current assets27,19725,27625,21318,94116,04517,35214,590
Total current liabilities9,5375,6877,9119,1866,2116,0037,557
Net working capital17,66019,58917,3029,7559,83411,3497,034
Total assets1,26,9161,03,20884,09876,63573,27071,20567,202
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3201,13634978211394124.54
Net cash from operating activities20,51421,50114,1708,43110,2337,0145,598
Net cash from investing activities(26,461)(17,142)3,4811,545774(2,188)(2,304)
Net cash from financing activities6,555(5,175)(16,864)(10,408)(10,338)(5,655)(2,377)
Net change in cash608(816)787(433)669(828)917
Closing cash6,9266,1207,2121,8742,3651,6071,979
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.5%+11.6%+29.9%+39.9%+5.7%-0.9%-
EBITDA growth-7.0%+17.2%+81.0%+2.4%+13.2%+85.1%-
PBT growth-5.3%-21.3%+170.9%+16.7%+187.4%+9998.0%-132.1%
Net income growth-1.4%-37.8%+93.5%+117.0%+287.3%+203.7%-
Revenue CAGR (3Y)+11.8%+26.6%+24.3%+13.6%+5.1%+8.9%+5.4%
EBITDA CAGR (3Y)+25.4%+29.5%+28.0%+29.0%+25.6%+17.1%+35.2%
Profitability & leverage
Net income margin+23.9%+22.7%+41.4%+27.7%+17.7%+4.8%-8.6%
Return on capital employed+16.6%+21.2%+30.1%+13.8%+12.7%+9.7%0.0%
Return on net worth+21.4%+25.7%+57.4%+37.2%+17.8%+7.6%0.0%
Debt / equity0.770.741.041.863.155.447.16
Long-term debt / equity0.590.550.821.462.424.275.67
Interest cover22.0919.6523.7849.4561.1593.41317.15
Efficiency & per share
Fixed asset turnover0.520.590.610.520.380.370.40
Inventory turnover15.6315.0713.9514.5412.9411.5314.13
Debtors turnover4.374.554.343.682.642.653.13
EPS (₹)6.6633.5554.0027.8112.733.29(5.90)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)32.19130.7584.8835.188.99(3.31)(5.53)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue17,41616,64311,57310,01111,78512,46212,20112,042
Revenue growth (YoY)+47.8%+33.6%-5.1%-16.9%-1.0%+9.4%--
Other income6886352,0425869475663891,206
Total expenses9,7489,6337,7156,4297,1807,2387,8687,169
EBITDA7,6687,0103,8583,5824,6045,2244,3334,873
EBITDA margin+44.0%+42.1%+33.3%+35.8%+39.1%+41.9%+35.5%+40.5%
Depreciation1,0701,0499329511,078940958990
Interest782869969719860830683904
Profit before tax6,5035,7263,9992,4983,6144,0203,0824,185
Tax2411,5169124521,0609017231,150
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue45,28949,71146,45636,68127,7114471,005
Revenue growth-8.9%+7.0%+26.7%+32.4%+6097.0%-55.5%-
Other income4,2722,86010,0894,5204,068134911
Total expenses28,10630,20129,78927,36217,8744082,047
Employee cost71768858953047032.8841.61
EBITDA17,18319,50916,6689,3199,83739.10(1,041)
EBITDA margin+37.9%+39.3%+35.9%+25.4%+35.5%+8.7%-103.6%
Depreciation3,7733,8793,7723,1433,11632.4634.77
Interest3,3753,2073,4043,3074,0876441,175
Profit before tax14,30615,28419,5817,3896,702(503)(1,341)
Tax3,3193,724(51.28)(2,857)1,666(4.27)0.00
Net profit10,96011,58919,67310,2875,087(499)(338)
Net profit margin+24.2%+23.3%+42.4%+28.1%+18.4%-111.5%-33.6%
EPS (₹)5.7029.9750.9026.5713.06(1.29)(3.48)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,9993,9864,2884,0264,0113,8573,857
Reserves & surplus47,19037,56726,8468,953(628)2,4403,318
Shareholders' funds (net worth)53,15746,57840,40128,39318,61817,08515,790
Secured loans47,82134,78534,27225,84733,810124191
Unsecured loans1,1321,0491596,8876,5326,1605,565
Total debt48,95335,83434,43132,73440,3426,2845,757
Total liabilities1,07,82088,35581,08565,74463,78623,59821,755
Assets
Gross block89,93489,35386,99470,38270,027764762
Net block54,97258,14259,46746,58349,342541570
Capital work in progress15,0642,9947421881840.670.13
Investments4,8054,3301,9806,3734,83419,35918,216
Inventories2,7922,7973,8502,3242,2082.544.06
Sundry debtors10,28112,14311,49511,3819,4909.65367
Cash & bank balances6,1264,4235,7711,6922,01586.61101
Loans & advances3,5482,3812,6901,8011,6628026.07
Total current assets22,74721,74423,80717,19815,375901478
Total current liabilities6,2274,6607,9127,0885,676811775
Net working capital16,52017,08415,89510,1119,69889.87(297)
Total assets1,07,82088,35581,08565,74463,78623,59821,755
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1695681985751077.304.45
Net cash from operating activities19,14818,45312,9767,93310,264(288)94.66
Net cash from investing activities(23,364)(10,811)3,1452,8241,3863906,816
Net cash from financing activities4,830(8,041)(15,751)(11,138)(11,182)(105)(6,907)
Net change in cash614(398)370(381)468(3.46)2.85
Closing cash6,1264,4235,7711,6922,01586.61101
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-8.9%+7.0%+26.7%+32.4%+6097.0%-55.5%-
EBITDA growth-11.9%+17.1%+78.9%-5.3%-+103.8%-
PBT growth-6.4%-22.0%+165.0%+10.3%+9998.0%+62.5%-495.2%
Net income growth-5.4%-41.1%+91.2%+102.2%+1119.9%-47.7%-
Revenue CAGR (3Y)+7.3%+21.5%+370.1%+231.7%+125.9%-62.0%-54.8%
EBITDA CAGR (3Y)+22.6%+25.6%+652.6%---64.5%-26.8%
Profitability & leverage
Net income margin+24.3%+23.3%+42.3%+27.9%+18.2%-111.5%-133.4%
Return on capital employed+18.0%+21.8%+31.3%+15.4%+22.3%0.0%0.0%
Return on net worth+22.1%+26.8%+57.6%+36.5%+22.4%0.0%0.0%
Debt / equity0.850.810.981.551.310.370.52
Long-term debt / equity0.670.600.751.180.880.120.35
Interest cover25.1720.5226.4053.5460.819,699.10-109.20
Efficiency & per share
Fixed asset turnover0.510.560.590.520.780.591.32
Inventory turnover16.2114.9615.0516.1925.07135.51246.70
Debtors turnover4.044.214.063.525.832.385.30
EPS (₹)5.7029.9750.9026.5713.06(1.29)(3.48)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)26.47107.4079.6033.218.3716.3318.60

To see the full year-wise statements and ratios of Adani Power Limited, buy the company report.

Board of directors of Adani Power Limited

Adani Power has 8 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gautam Shantilal Adani
Also directs: Ambuja Cements Limited, Adani Total Gas Limited, Adani Green Energy Limited and 5 more
Director26 Dec 200520 Years 10 MonthsCurrent
Rajesh Shantilal Adani
Also directs: Adani Green Energy Limited, Adani Energy Solutions Limited, Adani Enterprises Limited and 5 more
Director12 Jun 200719 Years 4 MonthsCurrent
Anil Kumar Sardana
Also directs: Adani Energy Solutions Limited, Adani Energy Solutions Step-Twelve Limited, Adani Electricity Navi Mumbai Limited and 5 more
Managing Director11 Jul 20206 Years 3 MonthsCurrent
Shersingh Khyalia
Also directs: Mahan Energen Limited
Whole-Time Director31 May 20251 Years 5 MonthsCurrent
Narendra Nath Misra
Also directs: Barmer Lignite Mining Company Limited, Odisha Power Generation Corporation Limited, JSW Energy (Utkal) Limited and 5 more
Director04 Dec 20250 Years 11 MonthsCurrent
Shailesh Vishnubhai Haribhakti
Also directs: Bajaj Electricals Limited, TVS Motor Company Limited, Protean Egov Technologies Limited and 5 more
Director04 Nov 20251 Years 0 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Adani Power Limited is audited by S R B C & Co. LLP for the financial year 2026.

Auditor firmFinancial yearFirm registration number
S R B C & Co. LLPFY 2026324982E/E300003

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 11.80%, domestic institutional investors hold 4.00% and retail and other public shareholders hold 9.20%.

Promoters: 75.00%DII (Domestic Institutional): 4.00%FII (Foreign Institutional): 11.80%Retail & Others: 9.20%
Sep 2026
QUARTER
75.00% Promoters
4.00% DII (Domestic Institutional)
11.80% FII (Foreign Institutional)
9.20% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
74%74.5%75%75.5%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 75.00%Mar 2026: 75.00%Jun 2026: 75.00%Sep 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & borrowings

Open charges
₹1,27,319 Cr
Satisfied charges
₹1,65,009 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹91,518.32 Cr
Idbi Trusteeship Services Limited₹35,727.29 Cr
Others₹44.71 Cr
Bank of Baroda₹25.00 Cr
Batliboi & Co. Ltd.₹3.50 Cr
Others₹0.53 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Sep 2026101389411Sbicap Trustee Company Limited₹1,500 CrOpen
10 Jun 2026101312104Sbicap Trustee Company Limited₹1,000 CrOpen
10 Jun 2026101312103Sbicap Trustee Company Limited₹950 CrOpen
26 May 2026101302132Sbicap Trustee Company Limited₹3,000 CrOpen
20 May 2026101300219Idbi Trusteeship Services Limited₹2,555 CrOpen

To see the full charge records of Adani Power Limited, buy the company report.

Total charge records: 131 View all charges

Deals & funding

Adani Power Limited has 32 deals on record (27 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹902.1 Cr; the latest was in August 2026.

Total deals
32
Market trades
27
Secondary share transfers
3
IPO
1
Funding round
1
Disclosed funding
₹902.1 Cr

Deals on record (5 of 32)

WhenDealAmountParties
Aug 2026Market trade₹2,627.04 CrBuyer: Adani Infra (India) Limited
Seller: Ardour Investment Holding Ltd
Nov 2025Market trade₹1,281.58 CrBuyer: Gqg Partners International Equity Cit, Gqg Partners Emerging Markets Equity Cit, Gqg Partners Global Equity Cit
Seller: Reliance Trust Institutional Retirement Trust Series Eleven, Reliance Trust Institutional Retirement Trust Series Twelve, Reliance Trust Institutional Retirement Trust Series Ten
Oct 2025Market trade₹63.08 CrBuyer: Goldman Sachs Bank Europese
Seller: Goldman Sachs Public Market Fund
Aug 2024Market trade₹55.52 CrBuyer: Citigroup Global Markets Singapore Pte Limited
Seller: Citigroup Global Markets Mauritius Private Limited
Jan 2024Market trade₹20.07 CrBuyer: an individual
Seller: an individual

To see the full deal history of Adani Power Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Adani Power Limited was last rated by Care on 30 Mar 2022.

Rating agencyRated onRating
Care30 Mar 2022

To see the full credit ratings and regulatory alerts of Adani Power Limited, buy the company report.

MSME payment delays

Adani Power Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 5 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 5)

SupplierAmount dueDue sinceReported on
Guljar Roadlines
Hemangi and Associates
Antram Yadav
Shivaay Infratech
Aeron Systems Private Limited

To see the full MSME payment records of Adani Power Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Adani Power has 13 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

13
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Resurgent Fuel Management LimitedU14290GJ2022PLC131210
Mahan Energen Limited (Formerly Known As Essar Power M P Limited)U40100DL2005PLC201961
Adani Power Dahej LimitedU40100GJ2006PLC047672
Kutchh Power Generation LimitedU40100GJ2009PLC057562
Pench Thermal Energy (MP) Limited (Formerly Known As Adani Pench Power Limited)U40100GJ2009PLC058171
Adani Power Resources LimitedU40100GJ2013PLC077749

To see the full group structure of Adani Power Limited, buy the company report.

Employees & EPFO

Adani Power Limited has a workforce of 122 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
122
Active EPFO establishments
1
Employee growth
8.93%

GST

Adani Power has 11 GST registrations: 8 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
11
Active
8
Cancelled / inactive
3
GSTINStateStatusRegistered on
24AABCA2957L1ZMGujaratActive01 Jul 2017
24AABCA2957L3ZKGujaratActive21 Sep 2022
20AABCA2957L1ZUJharkhandActive01 Jul 2017
22AABCA2957L1ZQChhattisgarhActive01 Jul 2017

To see the full GST registrations and return filing status of Adani Power Limited, buy the company report.

Recent activity

Adani Power Limited has 64 board changes on record since 2005: 36 appointments and 28 cessations. The latest: Narendra Nath Misra ceased to be Additional Director on 27 Dec 2025.

Charges
A charge registered on 25 Jun 2025 via Charge ID 101118634 with Sbicap Trustee Company Limited was fully satisfied on 09 Oct 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,500.00 Cr with Charge ID 101389411 was registered on 11 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 1,000.00 Cr registered on 10 Jun 2026 with Charge ID 101312104 was modified on 08 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 950.00 Cr registered on 10 Jun 2026 with Charge ID 101312103 was modified on 08 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 3,000.00 Cr registered on 26 May 2026 with Charge ID 101302132 was modified on 08 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 8,199.43 Cr registered on 13 May 2026 with Charge ID 101298515 was modified on 08 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 42,218.00 Cr registered on 13 Jun 2024 with Charge ID 100932030 was modified on 08 Sep 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 5,000.00 Cr registered on 30 Sep 2025 with Charge ID 101162992 was modified on 14 Aug 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 4,000.00 Cr registered on 24 Jul 2025 with Charge ID 101128744 was modified on 14 Aug 2026.
AGM
Adani Power Limited last Annual general meeting of members was held on 25 Jun 2026 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 7,500.00 Cr registered on 27 Jan 2026 with Charge ID 101240769 was modified on 25 Jun 2026.
Charges
A charge registered on 20 Jun 2023 via Charge ID 100761154 with Idbi Trusteeship Services Limited was fully satisfied on 12 Jun 2026.

337 earlier events are in the company report.

News

Adani Power: Jefferies on Adani Power Maintains Buy, cuts Target Price to ₹240; September-quarter EBITDA was 21% above estimates on stronger merchant sales. Raises FY27 EBITDA and PAT estimates by 6–8%, retains FY28–30 estimates and notes that 42 GW of the targeted 45 GW capacity by 2032 already has land and equipment tied up.
27 Oct 2026 · Exchange Update
ADANIPOWER: Q2 CONS NET PROFIT 69B RUPEES VS 29B (YOY); EST 31B
23 Oct 2026 · Exchange Update
ADANIPOWER: Q2 REVENUE 194B RUPEES VS 135B (YOY)
23 Oct 2026 · Exchange Update
ADANIPOWER: Q2 EBITDA 82.3B RUPEES VS 51.5B (YOY); Q2 EBITDA MARGIN 42.34% VS 38.27% (YOY)
23 Oct 2026 · Exchange Update
Adani Power: Secures 1,234 MW Thermal Power Supply Deal With Uttarakhand For 25 Years
14 Oct 2026 · Exchange Update

From our blog

Frequently asked questions

Adani Power is an active public limited company based in Ahmedabad, Gujarat, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 22 August 1996 (30+ years old) and is registered under CIN L40100GJ1996PLC030533. Listed on BSE: 533096 and NSE: ADANIPOWER.

Adani Power reported revenue of ₹54,241 Cr for FY 2025-26 (down 3.5% YoY) based on consolidated financials.

Adani Power has 8 current directors:

The latest financial statements of Adani Power on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 June 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Adani Power is 24AABCA2957L1ZM, registered in Gujarat. The company has 11 GST registrations in all, of which 8 are active and 3 are cancelled or inactive. Other active GSTINs include 24AABCA2957L3ZK (Gujarat), 20AABCA2957L1ZU (Jharkhand), 22AABCA2957L1ZQ (Chhattisgarh).

The CIN (Corporate Identification Number) of Adani Power is L40100GJ1996PLC030533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Adani Power is a listed company as per MCA records. Its shares are listed on both BSE (code: 533096) and NSE (symbol: ADANIPOWER).

Adani Power has 498 court cases on record: 110 filed by the company and 389 filed against it. 123 are pending. Most are in the district courts.

Adani Power was incorporated on 22 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Adani Power has 32 deals on record (27 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹902.1 Cr; the latest was in August 2026.

Narendra Nath Misra ceased to be Additional Director on 27 Dec 2025. Narendra Nath Misra was appointed as Director on 04 Dec 2025. Chandra Iyengar ceased to be Director on 10 Nov 2025. Adani Power has 64 board changes on record in total.