Adani Power Limited (ADANIPOWER) - Net Assets

Latest as of September 2025: Rs596.47 Billion INR ≈ $6.45 Billion USD

Based on the latest financial reports, Adani Power Limited (ADANIPOWER) has net assets worth Rs596.47 Billion INR (≈ $6.45 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.26 Trillion ≈ $13.58 Billion USD) and total liabilities (Rs659.04 Billion ≈ $7.13 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 ADANIPOWER asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs596.47 Billion
% of Total Assets 47.51%
Annual Growth Rate 57.11%
5-Year Change 339.83%
10-Year Change 681.84%
Growth Volatility 567.24

Adani Power Limited - Net Assets Trend (2006–2025)

This chart illustrates how Adani Power Limited's net assets have evolved over time, based on quarterly financial data. Also explore ADANIPOWER current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Adani Power Limited (2006–2025)

The table below shows the annual net assets of Adani Power Limited from 2006 to 2025. For live valuation and market cap data, see Adani Power Limited market capitalisation.

Year Net Assets Change
2025-03-31 Rs576.73 Billion
≈ $6.24 Billion		 +33.67%
2024-03-31 Rs431.45 Billion
≈ $4.67 Billion		 +44.42%
2023-03-31 Rs298.76 Billion
≈ $3.23 Billion		 +59.73%
2022-03-31 Rs187.03 Billion
≈ $2.02 Billion		 +42.64%
2021-03-31 Rs131.13 Billion
≈ $1.42 Billion		 +102.34%
2020-03-31 Rs64.80 Billion
≈ $700.84 Million		 -15.97%
2019-03-31 Rs77.12 Billion
≈ $834.05 Million		 +771.90%
2018-03-31 Rs8.85 Billion
≈ $95.66 Million		 -70.51%
2017-03-31 Rs30.00 Billion
≈ $324.39 Million		 -59.34%
2016-03-31 Rs73.77 Billion
≈ $797.74 Million		 +28.86%
2015-03-31 Rs57.25 Billion
≈ $619.10 Million		 -12.51%
2014-03-31 Rs65.43 Billion
≈ $707.64 Million		 +52.41%
2013-03-31 Rs42.93 Billion
≈ $464.32 Million		 -34.95%
2012-03-31 Rs66.00 Billion
≈ $713.80 Million		 -3.70%
2011-03-31 Rs68.54 Billion
≈ $741.19 Million		 +16.55%
2010-03-31 Rs58.80 Billion
≈ $635.94 Million		 +148.75%
2009-03-31 Rs23.64 Billion
≈ $255.66 Million		 +64.05%
2008-03-31 Rs14.41 Billion
≈ $155.85 Million		 +417.63%
2007-03-31 Rs2.78 Billion
≈ $30.11 Million		 +2480.83%
2006-03-31 Rs107.87 Million
≈ $1.17 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Adani Power 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 31785253000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings Rs317.85 Billion 56.41%
Common Stock Rs38.57 Billion 6.84%
Other Comprehensive Income Rs132.86 Billion 23.58%
Other Components Rs74.19 Billion 13.17%
Total Equity Rs563.47 Billion 100.00%

Adani Power Limited Competitors by Market Cap

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

Company Market Cap
KBC Groep NV
BR:KBC
 $46.27 Billion
Ford Motor Company
NYSE:F
 $46.49 Billion
Itau Unibanco Banco Holding SA
NYSE:ITUB
 $46.62 Billion
Garmin Ltd
NYSE:GRMN
 $46.66 Billion
COMPASS GROUP
F:XGR
 $46.25 Billion
Hess Corporation
NYSE:HES
 $46.07 Billion
ING Groep N.V
MX:INGN
 $46.00 Billion
China CSSC Holdings Ltd
SHG:600150
 $45.99 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 431,450,300,000 to 563,470,900,000, a change of 132,020,600,000 (30.6%).
  • Net income of 129,387,700,000 contributed positively to equity growth.
  • Dividend payments of 8,400,700,000 reduced retained earnings.
  • Share repurchases of 42,580,800,000 reduced equity.
  • New share issuances of 2,500,000,000 increased equity.
  • Other comprehensive income increased equity by 13,442,700,000.
  • Other factors increased equity by 37,671,700,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Rs129.39 Billion +22.96%
Dividends Paid Rs8.40 Billion -1.49%
Share Repurchases Rs42.58 Billion -7.56%
Share Issuances Rs2.50 Billion +0.44%
Other Comprehensive Income Rs13.44 Billion +2.39%
Other Changes Rs37.67 Billion +6.69%
Total Change Rs- 30.60%

Book Value vs Market Value Analysis

This analysis compares Adani Power 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: 7.77x
  • 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 17.58x to 7.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-03-31 Rs12.62 Rs221.85 x
2007-03-31 Rs2.14 Rs221.85 x
2008-03-31 Rs1.32 Rs221.85 x
2009-03-31 Rs2.10 Rs221.85 x
2010-03-31 Rs5.58 Rs221.85 x
2011-03-31 Rs5.77 Rs221.85 x
2012-03-31 Rs5.54 Rs221.85 x
2013-03-31 Rs3.59 Rs221.85 x
2014-03-31 Rs4.68 Rs221.85 x
2015-03-31 Rs3.99 Rs221.85 x
2016-03-31 Rs4.93 Rs221.85 x
2017-03-31 Rs1.73 Rs221.85 x
2018-03-31 Rs0.46 Rs221.85 x
2019-03-31 Rs4.00 Rs221.85 x
2020-03-31 Rs3.36 Rs221.85 x
2021-03-31 Rs6.80 Rs221.85 x
2022-03-31 Rs48.49 Rs221.85 x
2023-03-31 Rs77.46 Rs221.85 x
2024-03-31 Rs22.37 Rs221.85 x
2025-03-31 Rs28.57 Rs221.85 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Adani Power 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): 22.96%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 23.02%
  • • Asset Turnover: 0.50x
  • • Equity Multiplier: 2.00x
  • Recent ROE (22.96%) is above the historical average (-20.41%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 -0.01% 0.00% 0.00x 1.27x Rs-10.80 Million
2007 -0.82% 0.00% 0.00x 2.35x Rs-301.22 Million
2008 -0.50% 0.00% 0.00x 2.00x Rs-1.51 Billion
2009 -0.11% 0.00% 0.00x 3.45x Rs-2.32 Billion
2010 2.94% 39.12% 0.02x 3.10x Rs-4.08 Billion
2011 8.17% 24.05% 0.06x 5.56x Rs-1.15 Billion
2012 -4.76% -7.02% 0.08x 8.51x Rs-8.91 Billion
2013 -53.45% -33.85% 0.12x 12.80x Rs-27.24 Billion
2014 -4.44% -1.88% 0.26x 8.98x Rs-9.45 Billion
2015 -14.25% -4.33% 0.32x 10.21x Rs-13.88 Billion
2016 7.47% 2.16% 0.37x 9.40x Rs-1.87 Billion
2017 -205.83% -27.30% 0.32x 23.84x Rs-64.74 Billion
2018 -237.75% -10.36% 0.29x 78.60x Rs-21.91 Billion
2019 -12.76% -4.12% 0.35x 8.82x Rs-17.56 Billion
2020 -35.10% -8.59% 0.35x 11.58x Rs-29.23 Billion
2021 9.69% 4.84% 0.33x 5.99x Rs-412.79 Million
2022 26.26% 17.72% 0.34x 4.38x Rs30.41 Billion
2023 35.90% 27.67% 0.45x 2.87x Rs77.39 Billion
2024 48.28% 41.37% 0.55x 2.14x Rs165.14 Billion
2025 22.96% 23.02% 0.50x 2.00x Rs73.04 Billion

Industry Comparison

This section compares Adani Power 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: $58,304,023,370
  • Average return on equity (ROE) among peers: 3.35%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Adani Power Limited (ADANIPOWER) Rs596.47 Billion -0.01% 1.10x $46.27 Billion
Adani Energy Solutions Limited (ADANIENSOL) $127.60 Billion 9.85% 3.23x $17.44 Billion
Orient Green Power Company Limited (GREENPOWER) $12.71 Billion -5.50% 1.78x $159.08 Million
Jaiprakash Power Ventures Limited (JPPOWER) $52.31 Billion 3.09% 2.78x $1.46 Billion
JSW Energy Limited (JSWENERGY) $111.06 Billion 0.70% 1.41x $10.66 Billion
PTC India Limited (PTC) $36.57 Billion 7.01% 1.92x $664.89 Million
RattanIndia Power Limited (RTNPOWER) $38.90 Billion 0.98% 0.06x $587.73 Million
Torrent Power Limited (TORNTPOWER) $28.98 Billion 7.29% 1.52x $9.46 Billion

About Adani Power Limited

NSE:ADANIPOWER India Utilities - Independent Power Producers
Market Cap
$46.27 Billion
Rs4.28 Trillion INR
Market Cap Rank
#563 Global
#9 in India
Share Price
Rs221.85
Change (1 day)
+1.17%
52-Week Range
Rs132.96 - Rs709.40
All Time High
Rs874.50
Categories
Companies in India Utilities - Independent Power Producers
About

Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 17,550 megawatt (MW). It also oper… Read more