Adani Energy Solutions Limited (ADANIENSOL) fair value: what the stock is really worth
We calculate from audited financials what Adani Energy Solutions Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Utilities · IN · Market cap ₹1.7T (≈ $18.0B) · ISIN INE931S01010
At a glance
AEAdani Energy Solutions LimitedADANIENSOL · NSE
Price₹1,423
Fair Value₹342.02
Upside−76.0%
Quality30/100
Below-average quality, and trading another 316% above our fair value of ₹342.02.
As of Aug 13, 2026, the fair value of Adani Energy Solutions Limited is ₹342.02 per share against a price of ₹1,423, so the fair value sits 76% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +22.7 %/yr)
!Thin margins · 8.3% net margin
!High debt · negative free cash flow
!Mixed vs. peers (5/12)
!Moderate moat 49/100
!Evidence only medium, so the estimate is less certain
!Weak on balance sheet: 11 out of 100
Evidence: MediumRange ₹242.26 to ₹427.52
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 27 days ago
Share price −12.8% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (₹427.52). The favourable scenario is already priced in.
Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹600.75 – ₹4,105 · fair‑value band ₹242.26 – ₹427.52 · the ₹1,423 price screens above the ₹342.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Adani Energy Solutions Limited (ADANIENSOL) currently trades at ₹1,423, while our model-based Fair Value estimate is ₹342.02, implying the stock looks roughly 316.1% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of ₹598.73 per share, and 0 of the 14 models we run sit above the ₹1,423 price. Bear case: the Asset-Based group reads lowest at ₹141.82, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Adani Energy Solutions Limited generated revenue of ₹276B at a net margin of 8.3%. Revenue grew 16.8% year over year. It earns a return on equity of 9.7%. Net debt stands at ₹474B. Fundamentals as of Aug 13, 2026
Scenario range: ₹242.26 (bear) to ₹427.52 (bull), the price of ₹1,423 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 11% below its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −49% fair-value upside, at −76%, ADANIENSOL screens richer than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹8.31 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
Residual Income best evidence₹183.92₹202.14₹303.6775
EPV₹164.09₹257.14₹339.8672
ROIC Compounder₹164.09₹326.72₹556.1868
All 14 models by family
Earnings-Based
Graham-Dodd₹129.21₹901.06₹1,26563
Lynch FV₹349.94₹499.91₹649.8961
PEG = 1.0₹349.94₹499.91₹649.8957
EPV₹164.09₹257.14₹339.8672
Multiples
P/E Multiple₹256.51₹342.02₹427.5263
P/S Multiple₹242.26₹323.01₹403.7758
P/B Multiple₹242.26₹323.01₹403.7755
EV/EBIT₹302.27₹524.10₹745.9464
EV/EBITDA₹203.95₹393.01₹582.0664
EV/Revenue₹38.68₹210.92₹383.1648
Asset-Based
NCAV (Graham)₹105.83₹141.82₹211.6754
Economic Profit
Residual Income best evidence₹183.92₹202.14₹303.6775
ROIC Compounder₹164.09₹326.72₹556.1868
Growth Earnings
Growth-Adj P/E₹419.11₹598.73₹778.3467
Widest divergence: Growth Earnings (₹598.73) versus Asset-Based (₹141.82). Highest evidence: Residual Income (75).
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Key figures & financial health
P/E ratio76.4
P/S ratio6.32P/E × margin
EPS (TTM)₹18.63price ÷ EPS = P/E 76.4
Net margin8.3%FY2026
Return on equity9.7%TTM
Return on assets (EBIT)11.2%avg 5y
More key figures
Profitability
Operating margin22.0%TTM
Growth
Revenue (TTM)₹276BTTM
Revenue growth (YoY)+16.8%3y avg +27.6%
EPS growth (YoY)+3.5%
Balance sheet & cash flow
Free cash flow−₹34.4BFY2026
Net debt₹474BFY2026
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality30/100
Of which business quality 33
· Market factors (momentum, volatility) 74
Profitability30
Margins and returns on capital today
Quality Growth50
Are margins and returns improving?
Cashflow50
Earnings quality: real cash, not paper profit
Fin. Strength27
Balance sheet, leverage, solvency risk
Investment0
Disciplined investing over empire-building
Low Volatility59
Calm price path (market factor)
Momentum79
Price trend over the last 3–12 months (market factor)
52W Momentum84
Distance to the 52-week high (market factor)
Net Issuance30
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission; Distribution; Smart Meter; Trading; and Others segments.
Full company description
Adani Energy Solutions Limited, together with its subsidiaries, generates, transmits, and distributes power in India. It operates through the Transmission; Distribution; Smart Meter; Trading; and Others segments. The company is involved in the establishment, commission, setting up, operation, and maintenance of electric power transmission systems; development, ownership, and operation of transmission lines; trade of bullion and other commodities; and laying of optical ground wire fibers on transmission lines to telecom solutions to telecom companies, internet service providers, and long-distance communication operators. It also provides electricity meters to optimize real-time insights of electricity usage. The company was formerly known as Adani Transmission Limited and changed its name to Adani Energy Solutions Limited in July 2023. The company was incorporated in 2013 and is headquartered in Ahmedabad, India. Adani Energy Solutions Limited operates as a subsidiary of S.B. Adani Family Trust.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Adani Energy Solutions Limited reported revenue of ₹276B in FY2026 versus ₹113B in FY2022, a compound +25.1%/yr. Reported net income was ₹22.8B in FY2026, compounding +17.3%/yr from FY2022.
Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹276B
Latest YoY
+16.1%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.6%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.7%
Avg. revenue growth/yr (11Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.3%
Value creation/yr (5Y, in INR) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +4.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+4.7%
Dividend yield0.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 11.6% vs 10Y 19.0%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.92.2% (2015) → 25.8% (2026) · falling
Worst earnings drop51% (2019) · in INR
⚠ Final year 2026 sits 86% above trend (one-off), rate on operating basis
Revenue+25.1%/yr
FY22₹113B
FY23₹133B
FY24₹166B
FY25₹238B
FY26₹276B
Net income+17.3%/yr
FY22₹12.0B
FY23₹12.6B
FY24₹11.4B
FY25₹10.6B
FY26₹22.8B
Character of growth · EPS growth decomposed (2015-2026)+19.4 % p.a.
Revenue per share+29.3 %
of which total revenue +29.9 % · buybacks/dilution −0.4 %
EBIT margin−8.8 %
Tax rate−0.2 %
Residual (interest, one-offs)+1.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 16
FUTURE84· sector 0
PAST39· sector 29
HEALTH11· sector 70
DIVIDEND0· sector 51
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
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Is Adani Energy Solutions Limited (ADANIENSOL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹342.02 versus a price of ₹1,423, about −76% upside (overvalued).
What is the fair value of ADANIENSOL?
Our model-based fair value for Adani Energy Solutions Limited is ₹342.02 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹1,423.
What is the quality score of ADANIENSOL?
Adani Energy Solutions Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Adani Energy Solutions Limited (ADANIENSOL)?
Our model-based price target is the fair value of ₹342.02 (as of Aug 13, 2026) from 14 valuation models. Cautious scenario ₹242.26, optimistic scenario ₹427.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Adani Energy Solutions Limited stock forecast for 2026?
Our models put fair value at ₹342.02, about −76% upside versus a price of ₹1,423 (overvalued). Cautious scenario ₹242.26, optimistic scenario ₹427.52. The calculation is refreshed regularly with new filings.
What is the revenue of Adani Energy Solutions Limited (ADANIENSOL)?
Adani Energy Solutions Limited reported trailing-twelve-month revenue of about ₹276B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ADANIENSOL?
The net profit margin of Adani Energy Solutions Limited is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
What is the intrinsic value of Adani Energy Solutions Limited (ADANIENSOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adani Energy Solutions Limited it is ₹342.02 per share (as of Aug 13, 2026), against a price of ₹1,423. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Adani Energy Solutions Limited stock overvalued or undervalued in 2026?
As of Aug 13, 2026, ADANIENSOL trades above its calculated fair value: price ₹1,423, fair value ₹342.02, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ADANIENSOL?
No. The price is what the market pays today (₹1,423); the fair value is what the company's own numbers justify (₹342.02). For Adani Energy Solutions Limited the two are ₹1,081 per share apart. That gap is exactly why we show both numbers side by side.
How much is Adani Energy Solutions Limited worth?
The market values Adani Energy Solutions Limited at about ₹1.7T (market capitalisation, as of Aug 13, 2026). Per share that is ₹1,423; our models calculate a fair value of ₹342.02 per share.
What do the bullish and bearish scenarios say about ADANIENSOL?
Our models span a range for Adani Energy Solutions Limited: cautious scenario ₹242.26, base ₹342.02, optimistic ₹427.52 per share (as of Aug 13, 2026, price ₹1,423). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ADANIENSOL?
Adani Energy Solutions Limited trades at a price-to-earnings ratio of 76.4 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹342.02 is built from several models across several years. Other multiples: P/B 8.1, P/S 7.5, EV/EBITDA 27.7.
How solid is the balance sheet of Adani Energy Solutions Limited (ADANIENSOL)?
Balance-sheet figures for Adani Energy Solutions Limited (as of Aug 13, 2026): return on equity 9.7%, debt of 1.78 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is ADANIENSOL from its 52-week high?
Adani Energy Solutions Limited trades at ₹1,423, about 11% below its 52-week high of ₹1,591 and 91% above the low of ₹744.90 (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹342.02 is for.
Which stocks are comparable to Adani Energy Solutions Limited?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Adani Energy Solutions Limited stock attractive at the current price?
The data as of Aug 13, 2026: price ₹1,423, calculated fair value ₹342.02 (−76%), Quality Score 30/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ADANIENSOL calculated?
We run Adani Energy Solutions Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹342.02, with the spread shown as a cautious and an optimistic scenario.
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