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ADANIENSOL - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.7

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 2.7

Stock Code ADANIENSOL Market Cap 1,17,077 Cr. Current Price 975 ₹ High / Low 1,068 ₹
Stock P/E 206 Book Value 167 ₹ Dividend Yield 0.00 % ROCE 5.13 %
ROE 3.81 % Face Value 10.0 ₹ DMA 50 944 ₹ DMA 200 915 ₹
Chg in FII Hold 0.41 % Chg in DII Hold 0.17 % PAT Qtr 114 Cr. PAT Prev Qtr 101 Cr.
RSI 43.9 MACD -31.6 Volume 15,97,540 Avg Vol 1Wk 15,83,260
Low price 639 ₹ High price 1,068 ₹ PEG Ratio 1.68 Debt to equity 0.52
52w Index 78.3 % Qtr Profit Var -30.3 % EPS 4.74 ₹ Industry PE 47.3

📊 Core Financials

  • Revenue & Profitability: PAT rose from 101 Cr. to 114 Cr., but quarterly profit variance is –30.3%, showing inconsistency.
  • Margins: ROE at 3.81% and ROCE at 5.13% are weak, reflecting poor efficiency.
  • Debt: Debt-to-equity ratio of 0.52 indicates moderate leverage.
  • Cash Flow: Profitability is modest, but weak return ratios raise sustainability concerns.

💹 Valuation Indicators

  • P/E Ratio: 206 vs. industry average of 47.3 — extremely overvalued.
  • P/B Ratio: Current price (₹975) vs. book value (₹167) → ~5.8x, premium valuation.
  • PEG Ratio: 1.68, suggesting growth is priced at a premium.
  • Intrinsic Value: Valuation appears stretched given weak efficiency metrics.

🏢 Business Model & Competitive Advantage

  • Adani Energy Solutions operates in power transmission and distribution, focusing on infrastructure and renewable energy integration.
  • Competitive advantage lies in scale, government contracts, and strategic positioning in India’s energy sector.

📈 Technicals & Entry Zone

  • DMA 50 (₹944) and DMA 200 (₹915) are below current price, showing mild support.
  • RSI at 43.9 indicates neutral-to-oversold momentum; MACD negative suggests bearish sentiment.
  • Entry Zone: Attractive only on dips near ₹900–940 for long-term investors.
  • Long-Term Holding: Risky at current valuations; suitable only if profitability improves significantly.


✅ Positive

  • Moderate debt-to-equity ratio (0.52).
  • FII holdings increased (+0.41%), showing foreign investor confidence.
  • Strong positioning in India’s energy infrastructure sector.

⚠️ Limitation

  • Extremely high P/E ratio (206) compared to industry average (47.3).
  • Weak ROE (3.81%) and ROCE (5.13%).
  • Dividend yield of 0.00% offers no immediate shareholder return.

📉 Company Negative News

  • Quarterly profit variance –30.3%, showing earnings volatility.
  • MACD negative (–31.6), indicating bearish momentum.

📈 Company Positive News

  • Quarterly PAT improved to 114 Cr., reflecting operational strength despite volatility.
  • FII holdings increased (+0.41%), showing foreign investor support.

🏭 Industry

  • Power transmission and renewable energy sector benefits from government infrastructure push.
  • Industry average P/E (47.3) highlights Adani Energy Solutions’ extreme overvaluation.

🔎 Conclusion

  • Adani Energy Solutions shows modest profitability

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