Valuation Adani Energy Solutions Limited

Equities

End-of-day quote NSE India S.E. Other stock markets 10/02/2026			5-day change	1st Jan Change
1,016.75 ^INR	-1.53%		+4.35%	-1.03%

05/02	India's Stocks Slide on Thursday as Global Weakness Triggers Broad Sell-Off	MT
05/02	Adani Energy Solutions Delivers 10 Million Electricity Smart Meters	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	9,99,067	26,04,515	11,07,740	11,45,276	10,47,518	12,41,886	-	-
Change	-	160.69%	-57.47%	3.39%	-8.54%	18.56%	-	-
Enterprise Value (EV) ¹	12,42,173	26,04,515	11,07,740	11,45,276	14,13,392	17,41,642	19,11,036	19,71,840
Change	-	109.67%	-57.47%	3.39%	23.41%	23.22%	9.73%	3.18%
P/E ratio	101x	266x	-	-	96.4x	51.9x	34.3x	28.3x
PBR	-	-	9.5x	9.06x	4.63x	4.96x	4.33x	3.88x
PEG	-	-199.94x	-	-	-	0x	0.7x	1.4x
Capitalization / Revenue	10.1x	23.1x	8.33x	6.9x	4.41x	4.49x	3.48x	3.18x
EV / Revenue	12.5x	23.1x	8.33x	6.9x	5.95x	6.3x	5.35x	5.04x
EV / EBITDA	29.3x	53.3x	19.9x	20.1x	25.4x	19.4x	16.1x	14x
EV / EBIT	38.8x	-	-	-	36x	26.9x	24.5x	22x
EV / FCF	-739x	-2,763x	-	-	-207x	-11.6x	-21.6x	-38.6x
FCF Yield	-0.14%	-0.04%	-	-	-0.48%	-8.6%	-4.63%	-2.59%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	9.02	8.9	-	-	9.05	19.9	30.17	36.49
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	99,263	1,12,575	1,32,927	1,66,074	2,37,671	2,76,582	3,57,325	3,91,070
EBITDA ¹	42,330	48,886	55,532	57,112	55,605	89,811	1,18,381	1,40,762
EBIT ¹	32,043	-	-	-	39,216	64,843	78,155	89,516
Net income ¹	12,240	12,046	12,563	11,373	10,600	23,673	34,201	39,817
Net Debt ¹	2,43,106	-	-	-	3,65,874	4,99,756	6,69,150	7,29,954
Reference price ²	908.40	2,368.15	993.05	1,026.70	872.00	1,033.80	1,033.80	1,033.80
Nbr of stocks (in thousands)	10,99,810	10,99,810	11,15,493	11,15,493	12,01,283	12,01,283	-	-
Announcement Date	06/05/21	05/05/22	29/05/23	30/04/24	24/04/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADANI ENERGY SOLUTIONS LIMITED	51.09x	6.22x	19.16x	-	1.35TCr
GE VERNOVA INC.	54.07x	4.58x	35.54x	0.22%	21TCr
NEXTERA ENERGY	25.86x	9.78x	16.86x	2.49%	19TCr
IBERDROLA, S.A.	20.12x	3.87x	11.13x	3.51%	16TCr
ENEL S.P.A.	14.08x	1.96x	6.79x	5.04%	11TCr
CONSTELLATION ENERGY CORPORATION	29.53x	4.26x	19.92x	0.57%	9.82TCr
SOUTHERN COMPANY	21.71x	5.97x	13.26x	3.25%	9.99TCr
DUKE ENERGY CORPORATION	19.57x	5.73x	11.81x	3.44%	9.62TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	19.64x	5.19x	12.64x	3.09%	6.47TCr
DOMINION ENERGY, INC.	18.38x	6.33x	13.25x	4.19%	5.45TCr
Average	27.41x	5.39x	16.04x	2.87%	10.99TCr
Weighted average by Cap.	28.26x	5.44x	17.73x	2.56%