Power · NSE: ADANIPOWER
Intrynsic's multi-model valuation estimates Adani Power Limited's fair value at ₹119 per share (range ₹84–₹150) against a market price of ₹196 - a gap of -39.2% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹196
close of 29 Sept 2026
Est. fair value
₹119
₹84–₹150
Gap
-39.2%
price vs estimate
Trading ~39% above our estimated fair-value range. Assumptions and per-model workings are below.
Adani Power is India's largest private thermal power producer, supplying electricity mostly under long-term contracts with state utilities. Coal prices and plant utilisation drive its profits.
Power · Power Generation
Over the last 3 years, revenue grew 11.8%/yr and profit grew 6.5%/yr.
Every ₹100 of shareholder money earned ₹20.0 in profit last year, vs a sector median of 9.8%.
Debt is 0.84x equity — manageable, worth watching.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹56 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Adani Power Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹150 | -24% | - |
| EV/EBITDAIndustry Comparison Method | ₹84 | -57% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹119 | -39% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 28.2% a year for the next decade - versus 18.3% historical revenue growth.
| Revenue | ₹54,241 Cr | |
| Net profit | ₹12,971 Cr | |
| EPS | ₹6.66 | |
| Free cash flow | ₹-2,836 Cr | |
| ROE (latest) | 20.0% | |
| Revenue growth (CAGR) | 10.2% | |
| Profit growth (CAGR) | 59.2% |
Intrynsic's multi-model valuation estimates Adani Power Limited's fair value at ₹119 per share (range ₹84–₹150), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Adani Power Limited trades at ₹196 against Intrynsic's estimated fair value of ₹119 - the market price is 39% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Adani Power Limited trades at about 29.5 times its latest annual earnings per share.
Adani Power is India's largest private thermal power producer, supplying electricity mostly under long-term contracts with state utilities. Coal prices and plant utilisation drive its profits.
Intrynsic runs 3 valuation models for Adani Power Limited (DCF, EV/EBITDA, EV/EBIT) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy