Adani Enterprises share price today

Adani Enterprises Ltd's share price was ₹2,709.20 at the close on 4 November 2026. It has been rising for 23 weeks. That is 0.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,823 and ₹3,212, and at that close it sat 64% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Adani Enterprises Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 7 weeks running.

Over the last 11 years the share price moved +6,291% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: highest quarterly revenue in 16 quarters and revenue up on a year earlier for 4 quarters in a row.

1. Highest quarterly revenue in 16 quarters

   Revenue of ₹37,216 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue rose because the copper plant sold more as it ran more of its capacity.

   Next results: check whether the copper plant runs more of its capacity and whether by-products keep supporting earnings.

   From the earnings call on 28 Oct 2026.

2. Revenue up on a year earlier for 4 quarters in a row

   In the September 2026 quarter revenue was ₹37,216 crore, +75.1% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Adani Enterprises reported revenue of ₹37,216 crore, up 75.1% from ₹21,249 crore a year earlier, and a profit of ₹1,221 crore, down 64.2% from ₹3,414 crore.

Adani Enterprises results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Adani Enterprises' management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Adani Enterprises closed at ₹2,709.20 on 4 November 2026, up 17.9% from ₹2,297.10 a year earlier (7 November 2025) and up 87.6% over five years. Its highest weekly close since March 2016 was ₹3,897.14 on 18 November 2022.

Adani Enterprises share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Adani Enterprises closed at ₹2,709.20, up 5.0% on the week and down 3.8% on the month. 28 Oct 2026: Adani Enterprises held its results call for July to September 2026. Management guided: NMIA to exit FY27-28 at full 20 million pax capacity, running 5 million per quarter by Q1 2028.

Earlier

• Results for July to September 2026: Revenue up 75.1% and profit down 64.2% on a year earlier.
• 12 Jun 2026: ex-date for a dividend of ₹1.30 a share.

Adani Enterprises paid ₹1.30 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.05% at the ₹2,709.20 close on 4 November 2026. The last was a dividend of ₹1.30 a share, ex-date 12 June 2026.

Adani Enterprises dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Adani Enterprises Ltd paid out 2% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, Adani Enterprises' management guided: NMIA to exit FY27-28 at full 20 million pax capacity, running 5 million per quarter by Q1 2028.

“AEL has reported its highest-ever half-yearly EBITDA of Rs 11,958 crore. The strong EBITDA delivered is a testament to our incubating business model and the strength of our diversified business play.”Arun Bansal, on the call for July to September 2026

What management guided

• NMIA Phase 2 Terminal 2 work starts November; MIAL Terminal 1 revamp from Q1 next year; city-side Phase 1 Ahmedabad October 2029, Mumbai March 2030.
• Operational scale to 125-150 MW by FY27 and 500 MW over next 18 months on tied capacity.
• Copper plant utilization to 80-85% by fiscal-end; long-term margin framework 4-6% versus elevated current levels.
• Solar cell 6 GW commission by fiscal-end; next-quarter module run-rate around 2 GW; balance ingot-wafer by 2028 for ALMM 3.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

When Adani Enterprises reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Remaining airline shifts to NMIA and T1 demolition execution against flagged full-capacity ramp.

Adani Enterprises is on 2 of our India lists: Nifty 50 companies and AI & data centre stocks.

Adani Enterprises Ltd earned ₹1,221 Cr of net profit in the Sep 2026 quarter, −64.2% on the same quarter a year earlier. Full-year FY26 profit was ₹9,951 Cr. Over 10 years profit has grown 25.8% a year on average. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned ₹3,414 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹9,951 Cr (+24.3% on the year before).

Why profit moved: revenue changed +75.1% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +495.7% and revenue +38.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Adani Enterprises Ltd reported ₹37,216 Cr of revenue in the Sep 2026 quarter, +75.1% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 11.4% a year on average. The last full year, FY26, came in at ₹1,00,469 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,27,399 Cr.

FY26 revenue was ₹1,00,469 Cr, +2.6% on the year before.

Recent pace: the last four quarters grew +38.5% on average, against 11.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +37.0%, against +11.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −38.4%, against −6.5% a year (rolling over).

Adani Enterprises Ltd's operating margin was 15.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 4.9% and 19.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.8 percentage points on the year while gross margin changed −17.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 81% of Adani Enterprises Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,357 Cr of operating cash against ₹9,951 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹44,286 Cr of spending on assets, free cash was −₹41,929 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 81% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 7.4× depreciation over three years. The next section checks what that spending is building.

Adani Enterprises Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −13 days in FY26, down from −10 days in FY21. It spent ₹99,409 Cr on assets over the last 3 years. Customers take 46 days to pay, and stock sits for 126 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,00,469 Cr, each day of that cycle ties up about ₹275 Cr, so roughly −₹3,578 Cr is tied up in the business at any time.

FY26: customers took 46 days to pay and stock sat for 126 days, about 4.1 months of sales sitting as stock, for a full cycle of −13 days, shorter than FY21's −10.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 126 days. Customers pay about 46 days after that. Suppliers are paid at 185 days. Together that makes the −13-day cycle.

Spending on assets: ₹99,409 Cr over the last 3 years, against ₹13,388 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹51,753 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Adani Enterprises Ltd's P/E is 114.5×, near the high end of its own history: higher than 74% of past readings. Its usual P/E (the middle reading) is 70.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.