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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Adani Energy Solutions Limited is an India-based holding company. The Company is a private utility providing end-to-end energy solutions. Its segments include Transmission, GTD Business, Smart Metering, and Trading. The Transmission segment is engaged in providing…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, reasonably priced.
Adani Energy Solution is scored on the commodity / cyclical framework. It keeps a slim 8.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 4.60× reported profit. Free cash flow is worth about -1.7% of its market value.
Over the last 3 years revenue compounded at 27%/yr and profit at 23%/yr. Book value itself has compounded 27%/yr — the hallmark of a genuine compounder. Return on equity is a modest 11.8%. In the latest quarter profit grew 71% versus the prior quarter.
At 77× earnings, the stock sits at the 28th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.62 | — | — |
| P/B | 5.68 | 2.53 | worse |
| EV/EBITDA | 19.81 | 28.92 | better |
| ROE | 11.85 | 11.4 | better |
| ROCE | 10.64 | 9.78 | better |
| ROA | 3.77 | — | — |
| Quick Ratio | 1.11 | 1.98 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Adani Power | 21.1 | 5.1 | 23.7% |
| NTPC | 10.3 | 1.5 | 13.9% |
| Power Grid Corp | 14.9 | 2.3 | 15.2% |
Revenue has grown every year across all 4 financial years shown. 27% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (27% vs 23%) — costs are rising faster than the top line. The latest year saw a +160% swing — check if it's a one-off or structural.
Operating margins have been stable around 11% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 9% — modest; the capital isn't working hard.
Profit grew faster than EPS (23% vs 20%) — share dilution is eroding per-share value. 20% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 4.6× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 30% sequentially — momentum is building. Wide quarterly swings (31% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 27% above earlier ones.
Profit jumped 71% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (8% → 13%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 73.4% — heavily owner-operated with strong skin in the game. FIIs trimmed 2.7pp — foreign money is rotating out. MF holding up 2.8pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.