Adani Enterprises Limited (ADANIENT) fair value: what the stock is really worth
We calculate from audited financials what Adani Enterprises 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.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ₹1,191 – ₹4,158 · fair‑value band ₹630.82 – ₹891.11 · the ₹3,020 price screens above the ₹891.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments.
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Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments. The company engages in the integrated ecosystem for manufacturing green hydrogen, including solar cells, modules, and wind turbine generators; construction, operation, and maintenance of airports and road assets; commercial mining activities; supply of bunker fuels to shipping vessels; manufacture and supply of defense equipment; copper cathodes and cast rods; digital labs; and copper smelting and refinery, as well metals manufacturing. It also provides procurement and logistics services for minerals, as well as mining services. In addition, the company is involved in the sourcing, storage, and marketing of apples, grapes, pomegranates, stone fruits, digital mandi, and frozen peas; wastewater treatment, recycling, reuse projects; the operation of a news network; and Infrastructure Development and Water Resource Management. Further, it holds a portfolio of small arms, ammunition, unmanned aerial vehicles, counter-drone systems, missiles, and aircraft services. It also provides education, training and skill development. The company was founded in 1988 and is headquartered in Ahmedabad, India.
Stock analysis
Adani Enterprises Limited (ADANIENT) currently trades at ₹3,020, while our model-based Fair Value estimate is ₹891.11, implying the stock looks roughly 238.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹901.17 per share, and 0 of the 14 models we run sit above the ₹3,020 price.
Bear case: the Multiples group reads lowest at ₹278.96, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹630.82 (bear) to ₹891.11 (bull), the price of ₹3,020 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 18/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Adani Enterprises Limited reported revenue of ₹1.0T in FY2026 versus ₹694B in FY2022, a compound +9.7%/yr. Reported net income was ₹93.4B in FY2026, compounding +86.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹4.5T (≈ $46.7B) · P/E ratio 41.8 · P/S ratio 3.89 · EPS (TTM) ₹75.46 · Dividend yield 0.0% · Net margin 9.3% · Return on equity 13.7% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −28% fair-value upside, at −70%, ADANIENT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹19.08 to ₹1,783). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹630.82Fair Value ₹891.11Bull ₹891.11
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹34.60 per share) are deliberately not added.Bear ⓘ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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−7.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.5%
Revenue growth 22 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+61.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+61.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘ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.54% vs 23%, picking up
Profit margin 2021 to 2026 ⓘ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.6% → 8%
2026 sits 159% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Adani Enterprises Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Thermal Coal · 99 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score18 · Bottom 25%
Fair Value upside−70% · Bottom 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets2% · Below median
Net margin (TTM)9% · Above median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth20% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (TTM)41.8× · Priciest 25%
P/B5.55× · Priciest 25%
P/S (TTM)4.47× · Priciest 25%
EV/EBITDA38.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)100· sector 0
PAST (return on equity)55· sector 23
HEALTH (low debt)53· sector 92
DIVIDEND (yield)1· sector 54
VALUE 0: the price sits above our fair-value range.
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.
Is Adani Enterprises Limited (ADANIENT) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ₹891.11 versus a price of ₹3,020, about −70% upside (overvalued).
What is the fair value of ADANIENT?
Our model-based fair value for Adani Enterprises Limited is ₹891.11 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹3,020.
What is the quality score of ADANIENT?
Adani Enterprises Limited has a Quality Score of 18/100. 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 Enterprises Limited (ADANIENT)?
Our model-based price target is the fair value of ₹891.11 (as of Sep 18, 2026) from 14 valuation models. Cautious scenario ₹630.82, optimistic scenario ₹891.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Adani Enterprises Limited stock forecast for 2026?
Our models put fair value at ₹891.11, about −70% upside versus a price of ₹3,020 (overvalued). Cautious scenario ₹630.82, optimistic scenario ₹891.11. The calculation is refreshed regularly with new filings.
What is the revenue of Adani Enterprises Limited (ADANIENT)?
Adani Enterprises Limited reported trailing-twelve-month revenue of about ₹1.0T (latest available figure, as of Sep 18, 2026).
Does Adani Enterprises Limited pay a dividend?
Adani Enterprises Limited currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Adani Enterprises Limited (ADANIENT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adani Enterprises Limited it is ₹891.11 per share (as of Sep 18, 2026), against a price of ₹3,020. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Adani Enterprises Limited stock overvalued or undervalued in 2026?
As of Sep 18, 2026, ADANIENT trades above its calculated fair value: price ₹3,020, fair value ₹891.11, a gap of about −70% (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 ADANIENT?
No. The price is what the market pays today (₹3,020); the fair value is what the company's own numbers justify (₹891.11). For Adani Enterprises Limited the two are ₹2,129 per share apart. That gap is exactly why we show both numbers side by side.
How much is Adani Enterprises Limited worth?
The market values Adani Enterprises Limited at about ₹4.5T (market capitalisation, as of Sep 18, 2026). Per share that is ₹3,020; our models calculate a fair value of ₹891.11 per share.
What do the bullish and bearish scenarios say about ADANIENT?
Our models span a range for Adani Enterprises Limited: cautious scenario ₹630.82, base ₹891.11, optimistic ₹891.11 per share (as of Sep 18, 2026, price ₹3,020). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ADANIENT?
Adani Enterprises Limited trades at a price-to-earnings ratio of 41.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹891.11 is built from several models across several years. Other multiples: P/B 5.6, P/S 4.5, EV/EBITDA 38.3.
How solid is the balance sheet of Adani Enterprises Limited (ADANIENT)?
Balance-sheet figures for Adani Enterprises Limited (as of Sep 18, 2026): return on equity 13.7%, debt of 0.94 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is ADANIENT from its 52-week high?
Adani Enterprises Limited trades at ₹3,020, about 1% below its 52-week high of ₹3,060 and 72% above the low of ₹1,753 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹891.11 is for.
Which stocks are comparable to Adani Enterprises Limited?
From the same area (Energy) we also value China Shenhua Energy Company, PT Bayan Resources Tbk.,, Shaanxi Coal Industry Company, Yankuang Energy Group, 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 Enterprises Limited stock attractive at the current price?
The data as of Sep 18, 2026: price ₹3,020, calculated fair value ₹891.11 (−70%), Quality Score 18/100, 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 ADANIENT calculated?
We run Adani Enterprises 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 ₹891.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Adani Enterprises Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Adani Enterprises Limited (ADANIENT)?
The closing price on Sep 18, 2026 was ₹3,020. Our model-based fair value is ₹891.11, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Adani Enterprises Limited right now?
The price sits above even our optimistic bull case (₹891.11). The favourable scenario is already priced in. Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Adani Enterprises Limited (ADANIENT) come from?
Earnings per share at Adani Enterprises Limited grew +18.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.1 %, EBIT margin −0.6 %, tax rate −2.1 %, residual (interest, one-offs) +12.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Adani Enterprises Limited
How large is the market capitalisation of Adani Enterprises Limited (ADANIENT)?
The market capitalisation of Adani Enterprises Limited is ₹4.5T (≈ $46.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Adani Enterprises Limited (ADANIENT)?
The price-to-sales ratio of Adani Enterprises Limited is 3.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Adani Enterprises Limited (ADANIENT)?
Earnings per share at Adani Enterprises Limited are ₹75.46 (price ÷ EPS = P/E 41.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Adani Enterprises Limited (ADANIENT)?
The dividend yield of Adani Enterprises Limited is 0.0% (payout 1.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Adani Enterprises Limited (ADANIENT)?
The net margin of Adani Enterprises Limited is 9.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Adani Enterprises Limited (ADANIENT)?
The return on equity (ROE) of Adani Enterprises Limited is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Adani Enterprises Limited (ADANIENT)?
On an EBIT basis the return on assets of Adani Enterprises Limited is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Adani Enterprises Limited (ADANIENT)?
The operating margin of Adani Enterprises Limited is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Adani Enterprises Limited (ADANIENT)?
Revenue at Adani Enterprises Limited is growing +20.3% versus a year earlier (3y avg −7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Adani Enterprises Limited (ADANIENT)?
Earnings per share at Adani Enterprises Limited are growing +96.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Adani Enterprises Limited (ADANIENT) generate?
The free cash flow of Adani Enterprises Limited is −₹351B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Adani Enterprises Limited (ADANIENT) carry?
The net debt of Adani Enterprises Limited is ₹948B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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