Adani Power Limited (ADANIPOWER) - Net Assets
Based on the latest financial reports, Adani Power Limited (ADANIPOWER) has net assets worth Rs664.02 Billion INR (≈ $7.18 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 (Rs1.42 Trillion ≈ $15.39 Billion USD) and total liabilities (Rs758.78 Billion ≈ $8.21 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. Also explore balance sheet size of Adani Power Limited for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs664.02 Billion |
| % of Total Assets | 46.67% |
| Annual Growth Rate | 54.69% |
| 5-Year Change | 255.03% |
| 10-Year Change | 2113.72% |
| Growth Volatility | 554.57 |
Adani Power Limited - Net Assets Trend (2006–2026)
This chart illustrates how Adani Power Limited's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Adani Power Limited to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Adani Power Limited (2006–2026)
The table below shows the annual net assets of Adani Power Limited from 2006 to 2026. For live valuation and market cap data, see Adani Power Limited (ADANIPOWER) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs664.02 Billion ≈ $7.18 Billion |
+15.14% |
| 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 43254793000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs432.55 Billion | 66.61% |
| Common Stock | Rs38.57 Billion | 5.94% |
| Other Comprehensive Income | Rs610.80 Billion | 94.06% |
| Total Equity | Rs649.37 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 |
|---|---|
|
STMicroelectronics N.V
F:SGMR
|
$44.08 Billion |
|
Old Dominion Freight Line Inc
NASDAQ:ODFL
|
$44.12 Billion |
|
Mahindra & Mahindra Limited
NSE:M&M
|
$44.13 Billion |
|
Ferguson Plc
NYSE:FERG
|
$44.22 Billion |
|
IDEXX Laboratories Inc
NASDAQ:IDXX
|
$43.83 Billion |
|
Coca-Cola European Partners PLC
NASDAQ:CCEP
|
$43.76 Billion |
|
Banco Bradesco DRC
BA:BBD
|
$43.63 Billion |
|
Takeda Pharmaceutical Company Limited
F:TKDA
|
$43.60 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 2025 to 2026, total equity changed from 563,470,900,000 to 649,368,800,000, a change of 85,897,900,000 (15.2%).
- Net income of 128,343,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 477,939,000,000.
- Other factors decreased equity by 520,384,100,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs128.34 Billion | +19.76% |
| Other Comprehensive Income | Rs477.94 Billion | +73.6% |
| Other Changes | Rs-520.38 Billion | -80.14% |
| Total Change | Rs- | 15.24% |
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: 6.31x
- 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 16.75x to 6.31x 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 | Rs211.31 | x |
| 2007-03-31 | Rs2.14 | Rs211.31 | x |
| 2008-03-31 | Rs1.32 | Rs211.31 | x |
| 2009-03-31 | Rs2.10 | Rs211.31 | x |
| 2010-03-31 | Rs5.58 | Rs211.31 | x |
| 2011-03-31 | Rs5.77 | Rs211.31 | x |
| 2012-03-31 | Rs5.54 | Rs211.31 | x |
| 2013-03-31 | Rs3.59 | Rs211.31 | x |
| 2014-03-31 | Rs4.68 | Rs211.31 | x |
| 2015-03-31 | Rs3.99 | Rs211.31 | x |
| 2016-03-31 | Rs4.93 | Rs211.31 | x |
| 2017-03-31 | Rs1.73 | Rs211.31 | x |
| 2018-03-31 | Rs0.46 | Rs211.31 | x |
| 2019-03-31 | Rs4.00 | Rs211.31 | x |
| 2020-03-31 | Rs3.36 | Rs211.31 | x |
| 2021-03-31 | Rs6.80 | Rs211.31 | x |
| 2022-03-31 | Rs48.49 | Rs211.31 | x |
| 2023-03-31 | Rs77.46 | Rs211.31 | x |
| 2024-03-31 | Rs22.37 | Rs211.31 | x |
| 2025-03-31 | Rs28.57 | Rs211.31 | x |
| 2026-03-31 | Rs33.49 | Rs211.31 | 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): 19.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.86%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.19x
- Recent ROE (19.76%) is above the historical average (-18.49%), 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 |
| 2026 | 19.76% | 23.86% | 0.38x | 2.19x | Rs63.41 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: $56,924,399,115
- Average return on equity (ROE) among peers: 2.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adani Power Limited (ADANIPOWER) | Rs664.02 Billion | -0.01% | 1.14x | $44.07 Billion |
| Adani Energy Solutions Limited (ADANIENSOL) | $26.71 Billion | 13.78% | 3.43x | $21.38 Billion |
| Orient Green Power Company Limited (GREENPOWER) | $4.80 Billion | 7.29% | 2.81x | $126.22 Million |
| Jaiprakash Power Ventures Limited (JPPOWER) | $80.53 Billion | -19.82% | 3.61x | $1.36 Billion |
| JSW Energy Limited (JSWENERGY) | $144.98 Billion | 5.49% | 0.82x | $10.77 Billion |
| PTC India Limited (PTC) | $58.74 Billion | 7.59% | 1.83x | $561.88 Million |
| RattanIndia Power Limited (RTNPOWER) | $53.74 Billion | -1.88% | 2.24x | $505.84 Million |
| Torrent Power Limited (TORNTPOWER) | $28.98 Billion | 7.29% | 1.52x | $7.70 Billion |
About Adani Power Limited
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 18,150 megawatt (MW). It also oper… Read more