energy

Adani Energy Solutions

ADANIENSOL · Nifty 50

1,491

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 80.0 (78%ile of 5Y range 40-84). Trading above historical range.
Sector Positionenergy sector. Flow: outflow. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score70/100 (STRONG). 3 positive flags, 2 concerns.
Historical Context40 similar technical setups. Average outcome: -9.6% decline. 0% positive.
Revenue TrendRevenue growing at 16.8% YoY. Strong revenue growth — 16.8% YoY

Fundamental

70/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

Adani Energy Solutions scores 70/100 on fundamentals (strong). Adani Energy Solutions: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 70/100 · STRONG · 2 signals detected

DuPont Analysis

ROE 9.4% broken into three drivers. Each shows how efficiently the company generates returns.

ROE9.4%=
8.8%Net Margin
×
0.3xTurnover
×
3.7xLeverage

ROE of 9.42% is modest margin-driven and stable. Net margin of 8.8% × asset turnover of 0.29x × leverage of 3.7x.

What This Means

Net margin of 8.8% means the company keeps ₹8.8 as profit for every ₹100 of revenue. This is a moderate-margin business. Asset turnover of 0.29x means the company generates ₹0.29 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 3.7x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

47.2%

Operating

25.3%

Net

8.8%

improving

Gross margin 47.2% → operating margin 25.3% → net margin 8.8%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 4.6x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

STRETCHED

Interest covered only 1.9x — stretched. Rising rates could pressure profitability. Debt/EBITDA at 5.5x is high — monitor leverage.

Free Cash Flow

MODERATE

FCF margin negative at -12.6% — spending more than earning. Check capex cycle.

Peer Comparison

Adani Energy Solutions is compared against 10 peers in the energy sector.

Key Watchpoints

🟢

Breaks above ₹1566 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹1416 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 55.8

Valuation normalization

🟢

Energy sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (23.2%) than equity (15.2%)
✅ High Earnings Quality: Cash flow covers earnings 4.6x — strong cash conversion

Risk Flags

🔴 1 Critical⚠️ 1 Warning3 Positive5 total flags
🔴Cash covers only 11% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️Working capital changes are 31% of operating cash flow
Cash Flow

Working capital is providing significant cash. Stretching payables — temporary boost.

Assets relatively new (20% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

Receivables decreasing — 5.5% of revenue
Cash Flow

Collection cycle changing. Collection improving — positive for cash flow.

High promoter holding: 74%
Governance

Strong insider alignment. Promoters have significant skin in the game.

⚠️ 1 critical + 1 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. Multi-year data.

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
80.0HIGH
P/B Ratio
7.0HIGH
ROE
9.7%HIGH
Market Cap
₹17894307.3L CrHIGH
From 52W High
92% of high
Promoter Holding
74.0%MODERATE
Institutional
20.5%
Sector Peers
10
Adani Energy Solutions Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight