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Adani Energy Solutions stock

ADANIENSOL.NSNSE

Adani Energy Solutions Limited, UtilitiesISIN INE931S01010

$15.31▲ $0.18 (+1.2%)Closing price of 12 Nov 2026

65Score 65 out of 100, Neutral

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Price and trend

80 / 100

Price history

+43% in one year

The chart shows daily closes over 11 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 7.5% above it.

Trend change

Since October 2025 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Overheated: the price has risen very quickly lately (RSI 78).

Distance to the high

The price is 18% below its 52-week high. Largest decline in 11 years: 85% (September 2022 to November 2024).

Chart figures for advanced users
SMA 50$14.50
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$14.24
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)78
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$8.67
The lowest closing price of the last twelve months.
Resistance$18.59
The highest closing price of the last twelve months.
Market cap
$18.5B
Div. yield
no dividend
45.9
32.7
on earnings for the next twelve months ($0.46 per share)
Fair value
$7.33

Snapshot

Computed from the data by fixed rules, no AI

  • Adani Energy Solutions Limited belongs to the Independent Power Producers industry (India) and, with a market value of $18.72B, is number 6 of 23 companies in its industry on MEQIRI.
  • In fiscal 2026 it reported revenue of $2.94B (up 16.1% year on year) and earnings of $243.61M (up 115.3%).
  • For fiscal 2027, analysts expect on average revenue of $4.41B (up 49.8%) and adjusted earnings per share of $0.42 (up 97%).
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  • MEQIRI Score 65 out of 100 (Neutral): rank 12 of 201 in Utilities, median 54.
  • The P/E is 46.5 (Independent Power Producers median 22.4, own median of recent years 89.5).
  • Our model puts fair value at $7.33, with the price 106% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Growing faster than its industryRevenue up 22.7% a year since 2021, Independent Power Producers median 9.5%.Growth 87
  • Consistently profitableProfit in all 10 fiscal years from 2017 to 2026.Fundamentals 60
  • Earnings per share growingUp 16.1% a year since 2021.Growth 87

Weaknesses

  • Above fair valuePrice 106% above the fair value of $7.33.Valuation 29
  • Interest barely coveredOperating profit covers interest only 2 times.Stability 43
65/ 100
MEQIRI Score
Neutral

Its standout strengths are growth and momentum, while stability and valuation hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 66 to 65.

The fundamentals are in the middle range.

Profit consistency100% of years
Cash conversion (free cash flow to earnings, 12 months)0%
ROIC (12 months)14.8%
Positive free cash flow50% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk not measured

How well MEQIRI warns

For stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.

Valuation

Valuation signal

Significantly overvalued
Price
$15.12
Fair value
$7.33
Gap to fair value
+106%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $5.24 and expensive above $12.22 (uncertainty high, based on the price swings of the past year).

The two parts of the fair value come to $7.30 (cash-flow model) and $7.37 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.

Calculated with a cost of equity of 16.9%. At 17.9% the fair value would be $6.96, at 15.9% it would be $7.79.

Valuation metrics

2.17
19.9
Fair value (model)
$7.33
Earnings part $7.37 (earnings per share $0.33 × 22.4)

Half from the cash-flow model, half from earnings times the industry P/E (22.4).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

12 years

In the twelve months to 30 Sep 2026, revenue rose 32.5% on the twelve months before. Revenue has grown strongly since 2015, at around 31% per year.

Margins

12 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2026: gross 45%, operating 41%, net 8%. Last 12 months: net 16%.

Debt & balance sheet

latest quarter
1.59
2x
1.25
Cash & equivalents
$824.51M

Debt is elevated. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
4 Feb 2027in 84 days
Last reported
22 Oct 2026EPS reported $0.12 (expected $0.11)above expectations

Analyst estimates

Analysts have raised their 2027 earnings estimate by 10.2% since 26 Oct 2026.

Fiscal 20278 analysts
Earnings per share
$0.42+10.2%
Revenue
$4.41B+4.3%
Fiscal 20288 analysts
Earnings per share
$0.49+4.3%
Revenue
$5.37B+7.5%

MEQIRI has stored the estimates since 26 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook confirmed

Share price after the results: −2.9%

Adani Energy Solutions confirms its transmission CapEx guidance of around INR 15,000 crore for this year, despite delays in some projects in the first half.

Supporting passage from the call, verbatim
“So earlier you had given a guidance of around INR 15,000 crore of capitalization.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 23 Oct 2026 (fiscal Q2 2027), read by AI.

What happened at Adani Energy Solutions

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

201 rated companies in Utilities

Rank 12 of 201
12/ 201
This company
65
Sector median
54

Categories against the sector median

ProfitabilityMedian of 201 companies73 (median 53)20 above the median
GrowthMedian of 201 companies87 (median 53)34 above the median
FundamentalsMedian of 201 companies60 (median 52)8 above the median
ValuationMedian of 197 companies with a value29 (median 54)25 below the median
StabilityMedian of 201 companies43 (median 53)10 below the median
Capital allocationMedian of 201 companies46 (median 40)6 above the median
Technical analysisMedian of 201 companies80 (median 63)17 above the median
MomentumMedian of 201 companies85 (median 58)27 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Independent Power Producers

The next larger and next smaller companies by market value

All 23 Independent Power Producers stocks

ETFs that hold Adani Energy Solutions

Held by 16 ETFs on Xetra. Shown per index: the ETF with the largest weight.

Show 5 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2026, period end 31 Mar 2026
Currency
Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = ₹93.6946)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 26 Sep 2025)
  • Valuation signal Overvalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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