Adani Power share price today

Adani Power Ltd's share price was ₹201.71 at the close on 4 November 2026. It has been rising for 71 weeks. That is 5.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹133 and ₹243, and at that close it sat 62% 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 Power Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +3,279% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. 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.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 14 quarters in a row, highest quarterly profit in 13 quarters and highest quarterly revenue in 16 quarters.

1. Indian funds and insurers (DIIs) raised their stake for 14 quarters in a row

   From 0% to 4.5% of the company by the September 2026 quarter.

2. Highest quarterly profit in 13 quarters

   Profit of ₹7,019 crore in the September 2026 quarter is the highest of the last 13 quarters.

   Why: Profit got a lift from past Gujarat power payments booked in this quarter.

   Next results: check how the Haryana compensation settlement is treated in the accounts and whether interest is provided for.

   From the earnings call on 26 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹19,439 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue rose because the company sold more power on long-term contracts and got a higher price per unit, helped by more buying from state electricity distributors.

   Next results: check whether Korba and Mahan start commercial power sales on time.

   From the earnings call on 26 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Adani Power reported revenue of ₹19,439 crore, up 44.5% from ₹13,457 crore a year earlier, and a profit of ₹7,019 crore, up 141.5% from ₹2,906 crore.

Adani Power 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 Power's management discussed these results on a call held on 26 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 Power closed at ₹201.71 on 4 November 2026, up 33.2% from ₹151.48 a year earlier (7 November 2025) and up 856.9% over five years. Its highest weekly close since March 2016 was ₹243.37 on 29 May 2026.

Adani Power share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. 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 Power closed at ₹201.71, up 6.7% on the week and up 2.8% on the month. 26 Oct 2026: Adani Power held its results call for July to September 2026. Management guided: Portfolio goal 45 GW by 2032, including 3 GW from inorganic acquisitions; Bhutan hydro objective is 5 GW.

Earlier

• Results for July to September 2026: Revenue up 44.5% and profit up 141.5% on a year earlier.
• 22 Sep 2025: Share split: face value cut from ₹10 to ₹2 a share (ex-date).

Adani Power has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Adani Power Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

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

On the call for July to September 2026, held on 26 October 2026, Adani Power's management guided: Portfolio goal 45 GW by 2032, including 3 GW from inorganic acquisitions; Bhutan hydro objective is 5 GW.

“Ultimately, reliable 24/7 power without missing a second can be supplied only by thermal power projects.”S. B. Khyalia, on the call for July to September 2026

What management guided

• Korba II first unit expected to operate in Q3 and second around December; Uttarakhand PPA begins after four years, with interim medium-term or merchant sales.
• Mahan Phase II and Raipur Phase III each involve 1,600 MW; Mahan operations goal early FY28, while Raipur expands its site to 4,570 MW for Maharashtra's second long-term PPA.
• Normal thermal PLF expectation around 65%.
• Peak debt around ₹1 lakh crore by 2030-31.

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, 26 October 2026.

When Adani Power reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Korba and Mahan commissioning against their stated timelines - verify commercial starts.

Adani Power is on one of our India lists: Power & green energy stocks.

Adani Power Ltd earned ₹7,019 Cr of net profit in the Sep 2026 quarter, +141.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹12,971 Cr. Over 10 years profit has grown 37.1% a year on average. That is 36.1% of the quarter's revenue.

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

The same quarter a year earlier earned ₹2,906 Cr.

For the full year, FY26 profit was ₹12,971 Cr (+1.7% on the year before).

Why profit moved: revenue changed +44.5% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +59.4% and revenue +17.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Adani Power Ltd reported ₹19,439 Cr of revenue in the Sep 2026 quarter, +44.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 7.9% a year on average. The last full year, FY26, came in at ₹54,241 Cr.

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

The last four reported quarters add to ₹65,015 Cr.

FY26 revenue was ₹54,241 Cr, −3.5% on the year before.

Recent pace: the last four quarters grew +17.4% on average, against 7.9% 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 +17.2%, against +9.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +58.7%, against +21.2% a year (accelerating).

Adani Power Ltd's operating margin was 42.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 21.0% and 38.0%. The latest quarter is above every full year in that period.

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 +4.1 percentage points on the year while gross margin changed +1.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 121% of Adani Power Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹20,514 Cr of operating cash against ₹12,971 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 ₹27,618 Cr of spending on assets, free cash was −₹7,104 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 121% of profit came in as cash: the cash cycle got 80 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 4.1× depreciation over three years. The next section checks what that spending is building.

Adani Power Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 79 days in FY26, down from 159 days in FY21. It spent ₹52,928 Cr on assets over the last 3 years.

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 ₹54,241 Cr, each day of that cycle ties up about ₹149 Cr, so roughly ₹11,740 Cr is tied up in the business at any time.

Spending on assets: ₹52,928 Cr over the last 3 years, against ₹12,805 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 ₹35,053 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 Power Ltd's P/E is 21.3×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 17.2×, 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.