Adani Power Ltd is an Adani Group company that is engaged in the business of power generation and distribution in India. The company generates power using thermal power generation and currently. it is the largest thermal power generation company. Adani Power’s share price target for 2024, 2025, and 2026 looks very attractive due to several below-shared reasons.
Most of the electricity is generated from thermal power generation and the company is the largest player in India. Due to the increase in temperature each year, the electricity demand will increase and currently, renewable energy sources can not fulfill it.
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About Tata Power Ltd
Adani Power Ltd is an Adani group company that was founded in 1996. The company is involved in power generation and distribution to millions of people. The company generates using thermal power and is currently the largest company in India.
As of now, Adani Power Ltd has active 9 thermal power plants and 1 upcoming plant at different locations of India. Below are the capacity, location, and type of each plant of the Adani Power Ltd company.
- Mudra, Gujarat: This thermal power plant has a capacity of 4620 MW and its type is coal-based.
- Tiroda, Maharashtra: This plant’s capacity is 3300 MW and it is also a coal-based plant.
- Kawai, Rajasthan: This power plant is also coal-based with a capacity of 1320 MW.
- Udupi, Karnataka: Udupi Karnataka’s power plant is also coal-based with a capacity of 1200 MW.
- Bitta, Gujarat: Bitta, Gujarat plant is solar-based with a capacity of 40MW.
Like these plants, there are also many power plants at different locations, types, and capacities. You can check all the information related to each of Adani Power’s plants including upcoming plants on their official website.
Adani Power’s Scrip Info
| NSE | ADANIPOWER |
| BSE | 533096 |
| ISIN | INE814H01011 |
| SECTOR | POWER GENERATION & DISTRIBUTION |
Company Analysis
Below you’ll find Adani Power Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The below-shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Mar 2023 | ₹5,242 |
| Jun 2023 | ₹8,759 |
| Sep 2023 | ₹6,594 |
| Dec 2023 | ₹2,738 |
| Mar 2024 | ₹2,737 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹2,275 |
| Mar 2021 | ₹1,270 |
| Mar 2022 | ₹4,912 |
| Mar 2023 | ₹10,727 |
| Mar 2024 | ₹20,829 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹2,66,765 | ROE | 48.28% |
| P/E Ratio (TTM) | 12.81 | EPS (TTM) | 54.00 |
| P/B Ratio | 6.18 | Div. Yield | 0.00% |
| Industry PE | 25.43 | Book Value | 111.86% |
| Debt to Equity | 0.80 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|
| FIIs | 17.51% | 15.86% | 15.91% |
| DIIs | 0.76% | 1.18% | 1.41% |
| Public | 11.72% | 11.20% | 10.93% |
| Promoters | 70.02% | 71.75% | 71.75% |
| Other Holders | 0.00% | 0.00% | 0.00% |
Key Insights
- Currently, there is low debt in the company.
- Adani Power’s promoters decreasing the pledge.
- The profit margins of the company are not stable.
- Company growth and profit are above the industry median.
- Over the past 3 quarters, DIIs have been increasing their holdings.
- For the last 4 years, Adani Power has been making profits continually.
- FIIs decreased their shareholdings in Adani Power Ltd from 15.91% to 14.73% in the June 2024 quarter.
- Yearly, the net profit of the company has increased rapidly, which suggests strong earnings in the company.
Quarterly Results – June 2024
In the June 2024 Quarter, Adani Power Ltd made a good profit of Rs. 3,913 Crore. The net profit is far higher than its previous quarter profit. In the quarter, the net profit increased by Rs. 1,176 Crore as compared to its previous quarter.
In the quarter, the sales of the company also increased drastically by 1592 and the total number of sales is 14,956 which is the highest in the last 8 to 10 quarters.
Adani Power Share Price Target
In the power generation and distribution sector, Adani Power is one of the most popular stocks and has also given massive returns to investors in the past few years. In this post, you’ll see the prediction of new opportunities in Adani Power’s share price target for 2024, 2025, and 2026.
In the last few months, a massive gain has been seen in the power sector stocks like Suzlon, Tata Power, Adani Power, and many more. That’s why many retail investors are excited to capture the opportunity.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹750 | ₹780 |
| 2025 | ₹800 | ₹830 |
| 2026 | ₹1000 | ₹1100 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Adani Power Share Price Target 2024
Adani Power’s share price target for 2024 prediction is very interesting because all the targets given by the brokers and analysts have been achieved already and the stock is also at a time high. As of May 2024, there are 4 months left in the year and it seems the Adani Stock price will move up and create a fresh new all-time high in the upcoming months.
As an investor or trader buying Adani Power can be very risky as it is close to its all-time high. 10% to 20% corrections in any stock from its all-time high is normal. That is why we also do not recommend buying at this current level but soon you may get new opportunities to buy.
You should buy the Adani Power stock when it falls from its all-time high and when it crosses its all-time high. If the stock crosses its all-time high again you may see a target of Rs. 750 to Rs. 780. It is a price action followed by the traders. Keep a SL just below the level from the stock reversed.
Adani Power Share Price Target 2025
In the Dec 2023 and Mar 2024 quarters, the profit and earnings of Adani Power Ltd company fell by more than 50% to 60% as compared to other previous quarters’ results.
As per current analysts’ and brokers’ research, the Adani Power stock may give good results in the quarter. If it happens there is a high probability that the stock will go up as the power sector is already bullish.
Over the last few years, Adani Power’s financials, fundamentals, business, etc. have improved. It will probably keep improving as the need to electrically increase rapidly. Based on the current analysis and news Adani Power’s share price target can go from Rs. 800 to Rs. 830 in the year 2025.
Adani Power Share Price Target 2026
Adani Power Ltd company is engaged in power generation and distribution using thermal power. Thermal power generation is a non-renewable energy source that causes population. In India, over 2 million people die from air pollution each year.
Due to these things, the Indian government is supporting a lot of renewable energy generation and it is expected that by 2030 Indian clean energy generation can reach 500GW.
Adani Power is majorly involved in the thermal power generation business. Now, we have to see what the company will do in the future. It does not mean that the thermal power generation business will be dead. Most probably it will not die very soon as it generates and distributes most of the power in India.
In 2026, the Adani Power share price target can easily go to Rs. 1000 to 1100 based on the current growth of the company. If anything changes in the sector or company we will update the target.
Adani Power Share Price Forecast
In recent years no brokers or analyses have given any targets for the short term or long term yet. There can be many reasons behind it like highly volatile stocks, allegations against Adani group, high debt on Adani, and many more.
FAQs
Adani Power Ltd is the largest thermal power generation and distributor company in India. As of May 2024, the financials and fundamentals of the company are strong as the company reduces debt, makes constant profits, larger thermal power generation, etc.
In a few words, it is a good company and you should do your research based on your purpose.
As of 23 May, Adani Power made a new fresh all-time high, and as per brokers and analysts, the company is going to give good results in the latest quarter.
The target for the year 2024, based on the technical analysis the stock can reach Rs. 750 to Rs. 780.
Most of the need for power is fulfilled by the thermal power generation method all over India. Currently, the whole world is going towards renewable energy as the thermal method cases population.
The reality is that thermal power can not be replaced completely because renewable energy sources like solar only provide electricity during the day. Other methods like hydro and wind are slightly better but in case any problem occurs then consumers may face huge problems.
There are also a lot of problems in renewable energy, if you want to invest in the power sector then you should know them. Here, we can not cover them in detail.
Final Words
Adani Power is the largest player in thermal power generation and distributor in India. For the last 4 years the company has been making profits continuously and each year the profit is also increasing. No doubt, it is hard to beat the company in thermal power generation. Check the detailed prediction of Adani Power’s share price target for 2024, 2025, and 2026.