Adani Energy Solutions Ltd (ADANIENSOL) — shareholding pattern, promoter holding, financials and share price
About Adani Energy Solutions Ltd (ADANIENSOL)
Adani Energy Solutions Ltd operates in the Power Distribution industry, within the Power sector. It trades on the NSE as ADANIENSOL and on the BSE under scrip code 539254. Its ISIN is INE931S01010.
AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company. [1]
Adani Energy Solutions Limited (AESL) is the transmission and distribution arm of the Adani Portfolio that owns and operates regulated and competitively bid transmission lines, Mumbai distribution (AEML), and a large smart‑metering business across 14 Indian states with ~27,949 ckm transmission network and 1,23,175 MVA transformation capacity.
FY26 showed a deliberate scale‑up: operational revenue of Rs 18,296 crore (+7% YoY), record consolidated EBITDA of Rs 8,726 crore (+13% YoY) and adjusted PAT of Rs 2,393 crore (+32% YoY), while capex ramped to Rs 14,232 crore and the company commissioned Mumbai HVDC, materially augmenting regulated capacity and future tariff accrual.
Listed peers in Power Distribution: Power Grid Corporation of India Ltd, Adani Green Energy Ltd, Tata Power Company Ltd, JSW Energy Ltd, NHPC Ltd, NTPC Green Energy Ltd.
Valuation & Returns
10 Jul 2026At ₹1,646.9 a share on 10 Jul 2026, Adani Energy Solutions Ltd (ADANIENSOL) was valued at a price-to-earnings ratio of 82.68x against an industry P/E of 25.26x and a price-to-book of 7.78x on a book value of ₹211.67 per share as of Mar 2026. Solomo computes return on equity of 9.41% and return on capital employed of 9.04% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 82.68x
- Industry P/E
- 25.26x
- P/B
- 7.78x
- EPS (TTM)
- ₹19.92
- Book value / share
- ₹211.67
- ROE
- 9.41%
- ROCE
- 9.04%
- ROA
- 2.58%
- Debt / equity
- 1.93x
- Dividend yield
- 0%
- EBITDA margin
- 31.63%
- 52-week range
- ₹745.45 – ₹1,711.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Adani Energy Solutions Ltd (ADANIENSOL) reported revenue of ₹27,588 crore, net profit of ₹2,393 crore and earnings per share of ₹19. That compares with revenue of ₹23,767 crore and net profit of ₹922 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹7,443 crore and net profit ₹723 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 11,258 | 13,293 | 16,607 | 23,767 | 27,588 |
| Net profit (₹ cr) | 1,236 | 1,281 | 1,196 | 922 | 2,393 |
| EPS (₹) | 10.95 | 11.26 | 10.2 | 8.82 | 19 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 17.22% | 34.97% | 70.05% | 16.08% |
| Profit growth | 74.28% | - | 49.69% | 159.60% |
| Stock price CAGR | 47% | 11% | 30% | 91% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.71% of Adani Energy Solutions Ltd (ADANIENSOL) (up 1.98 pp QoQ), foreign institutional investors (FII) hold 10.13% and domestic institutional investors (DII) hold 11.76%. Market capitalisation was ₹1,97,839 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2015.
Largest disclosed public shareholders in Jun 2026: Sbi Equity Hybrid Fund 4.26%, Life Insurance Corporation Of India 3.33%, Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund 2.78%, Gqg Partners Emerging Markets Equity Fund 1.36%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.71% | - | 10.13% | 11.76% | 25.29% |
| Mar 2026 | 72.73% | 0.5% | 12.23% | 10.25% | 27.27% |
| Dec 2025 | 71.19% | 0.5% | 13.47% | 10.14% | 28.81% |
| Sep 2025 | 71.19% | 0.8% | 13.05% | 9.96% | 28.81% |
| Jun 2025 | 71.19% | 0.8% | 15.85% | 6.89% | 28.81% |
| Mar 2025 | 69.94% | 0.8% | 17.58% | 6.33% | 30.06% |
| Dec 2024 | 69.94% | 0.8% | 17.33% | 5.85% | 30.06% |
| Sep 2024 | 69.94% | 0.5% | 18.66% | 5.38% | 30.06% |