Adani Energy Solutions Limited (ADANIENSOL) - Net Assets

Latest as of March 2026: Rs265.26 Billion INR ≈ $2.87 Billion USD

Based on the latest financial reports, Adani Energy Solutions Limited (ADANIENSOL) has net assets worth Rs265.26 Billion INR (≈ $2.87 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs928.35 Billion ≈ $10.04 Billion USD) and total liabilities (Rs663.09 Billion ≈ $7.17 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ADANIENSOL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs265.26 Billion
% of Total Assets	28.57%
Annual Growth Rate	33.89%
5-Year Change	141.0%
10-Year Change	800.23%
Growth Volatility	45.58

Adani Energy Solutions Limited - Net Assets Trend (2015–2026)

This chart illustrates how Adani Energy Solutions Limited's net assets have evolved over time, based on quarterly financial data. See ADANIENSOL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Adani Energy Solutions Limited (2015–2026)

The table below shows the annual net assets of Adani Energy Solutions Limited from 2015 to 2026. For live valuation and market cap data, see market value of Adani Energy Solutions Limited.

Year	Net Assets	Change
2026-03-31	Rs265.26 Billion ≈ $2.87 Billion	+15.27%
2025-03-31	Rs230.11 Billion ≈ $2.49 Billion	+67.93%
2024-03-31	Rs137.03 Billion ≈ $1.48 Billion	+7.39%
2023-03-31	Rs127.60 Billion ≈ $1.38 Billion	+15.93%
2022-03-31	Rs110.06 Billion ≈ $1.19 Billion	+9.81%
2021-03-31	Rs100.23 Billion ≈ $1.08 Billion	+4.83%
2020-03-31	Rs95.61 Billion ≈ $1.03 Billion	+18.88%
2019-03-31	Rs80.43 Billion ≈ $869.81 Million	+32.80%
2018-03-31	Rs60.56 Billion ≈ $654.99 Million	+105.55%
2017-03-31	Rs29.47 Billion ≈ $318.66 Million	+10.32%
2016-03-31	Rs26.71 Billion ≈ $288.85 Million	+149.55%
2015-03-31	Rs10.70 Billion ≈ $115.75 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Adani Energy Solutions Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 19710000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs12.01 Billion	4.72%
Other Components	Rs242.26 Billion	95.28%
Total Equity	Rs254.28 Billion	100.00%

Adani Energy Solutions Limited Competitors by Market Cap

The table below lists competitors of Adani Energy Solutions Limited ranked by their market capitalization.

Company	Market Cap
Joint Stock Commercial Bank for Foreign Trade of Vietnam VN:VCB	$19.59 Billion
Incyte Corporation NASDAQ:INCY	$19.62 Billion
Bank of Nanjing Co Ltd SHG:601009	$19.63 Billion
International Flavors & Fragrances Inc NYSE:IFF	$19.65 Billion
China United Network Communications Ltd SHG:600050	$19.58 Billion
Helvetia Holding AG SW:HELN	$19.58 Billion
Okta Inc NASDAQ:OKTA	$19.57 Billion
Dupont De Nemours Inc NYSE:DD	$19.56 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Adani Energy Solutions Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 220,682,000,000 to 254,275,400,000, a change of 33,593,400,000 (15.2%).
Net income of 22,825,400,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 36,129,200,000.
Other factors increased equity by 46,897,200,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs22.83 Billion	+8.98%
Other Comprehensive Income	Rs-36.13 Billion	-14.21%
Other Changes	Rs46.90 Billion	+18.44%
Total Change	Rs-	15.22%

Book Value vs Market Value Analysis

This analysis compares Adani Energy Solutions Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 7.12x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 154.90x to 7.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-03-31	Rs9.73	Rs1507.40	x
2016-03-31	Rs24.28	Rs1507.40	x
2017-03-31	Rs26.79	Rs1507.40	x
2018-03-31	Rs55.07	Rs1507.40	x
2019-03-31	Rs73.13	Rs1507.40	x
2020-03-31	Rs77.28	Rs1507.40	x
2021-03-31	Rs81.10	Rs1507.40	x
2022-03-31	Rs90.13	Rs1507.40	x
2023-03-31	Rs105.49	Rs1507.40	x
2024-03-31	Rs113.33	Rs1507.40	x
2025-03-31	Rs197.83	Rs1507.40	x
2026-03-31	Rs211.59	Rs1507.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Adani Energy Solutions Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.98%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.27%
• Asset Turnover: 0.30x
• Equity Multiplier: 3.65x
Recent ROE (8.98%) is below the historical average (10.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	8.33%	6.48%	0.12x	10.72x	Rs-178.78 Million
2016	13.78%	16.75%	0.19x	4.43x	Rs1.01 Billion
2017	14.13%	14.48%	0.22x	4.35x	Rs1.22 Billion
2018	18.87%	28.98%	0.23x	2.85x	Rs5.37 Billion
2019	6.95%	7.65%	0.23x	3.97x	Rs-2.45 Billion
2020	8.73%	6.50%	0.29x	4.67x	Rs-1.08 Billion
2021	13.72%	12.33%	0.23x	4.85x	Rs3.32 Billion
2022	12.15%	10.70%	0.24x	4.79x	Rs2.13 Billion
2023	10.69%	9.45%	0.25x	4.59x	Rs814.13 Million
2024	9.00%	6.85%	0.28x	4.63x	Rs-1.27 Billion
2025	4.80%	4.46%	0.32x	3.35x	Rs-11.47 Billion
2026	8.98%	8.27%	0.30x	3.65x	Rs-2.60 Billion

Industry Comparison

This section compares Adani Energy Solutions Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.

Industry Context

Industry: Utilities - Independent Power Producers
Average net assets among peers: $46,271,000,857
Average return on equity (ROE) among peers: -2.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Adani Energy Solutions Limited (ADANIENSOL)	Rs265.26 Billion	8.33%	2.50x	$19.58 Billion
Adani Power Limited (ADANIPOWER)	$64.80 Billion	-35.10%	10.58x	$48.34 Billion
Orient Green Power Company Limited (GREENPOWER)	$4.46 Billion	-12.90%	3.25x	$141.19 Million
Jaiprakash Power Ventures Limited (JPPOWER)	$127.32 Billion	3.54%	0.41x	$1.34 Billion
JSW Energy Limited (JSWENERGY)	$66.21 Billion	11.40%	1.91x	$11.30 Billion
PTC India Limited (PTC)	$58.74 Billion	7.59%	1.83x	$597.51 Million
RattanIndia Power Limited (RTNPOWER)	$-26.62 Billion	0.00%	0.00x	$544.17 Million
Torrent Power Limited (TORNTPOWER)	$28.98 Billion	7.29%	1.52x	$7.84 Billion

About Adani Energy Solutions Limited

NSE:ADANIENSOL India Utilities - Independent Power Producers

Market Cap

$19.58 Billion

Rs1.81 Trillion INR

Market Cap Rank

#1324 Global

#38 in India

Share Price

Rs1507.40

Change (1 day)

-1.04%

52-Week Range

Rs755.95 - Rs1579.20

All Time High

Rs4105.40