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Adani Energy Solutions Valuation Multiples
Discover revenue and EBITDA valuation multiples for Adani Energy Solutions and similar public comparables like Permian Resources, Talen Energy, Formosa Petrochemical, Western Midstream and more.
Adani Energy Solutions Overview
About Adani Energy Solutions
Adani Energy Solutions Ltd is a power transmission company in India. It is involved in the business activity of transmission of electric energy. The company is also engaged in the trading of Agri commodities business. The operating segments of the company are the Transmission segment which involves power transmission activities; the Trading segment; GTD Business, and Smart Metering. It derives a majority of its revenue from the GTD Business segment. The company operates in India.
Founded
2013
HQ

Employees
9.6K
Website
Financials (LTM)
EV
$20B
Adani Energy Solutions Financials
Adani Energy Solutions reported last 12-month revenue of $3B and EBITDA of $962M.
In the same LTM period, Adani Energy Solutions generated $3B in gross profit, $962M in EBITDA, and $260M in net income.
Revenue (LTM)
Adani Energy Solutions P&L
In the most recent fiscal year, Adani Energy Solutions reported revenue of $3B and EBITDA of $902M.
Adani Energy Solutions expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 94% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $962M | XXX | $902M | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $260M | XXX | $221M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Adani Energy Solutions Stock Performance
Adani Energy Solutions has current market cap of $16B, and enterprise value of $20B.
Market Cap Evolution
Adani Energy Solutions' stock price is $13.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $16B | 0.5% | XXX | XXX | XXX | $0.18 |
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Start Free TrialAdani Energy Solutions Valuation Multiples
Adani Energy Solutions trades at 7.0x EV/Revenue multiple, and 21.3x EV/EBITDA.
EV / Revenue (LTM)
Adani Energy Solutions Financial Valuation Multiples
As of April 19, 2026, Adani Energy Solutions has market cap of $16B and EV of $20B.
Equity research analysts estimate Adani Energy Solutions' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Adani Energy Solutions has a P/E ratio of 62.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 7.0x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBITDA | 21.3x | XXX | 22.7x | XXX | XXX | XXX |
| EV/EBIT | 28.4x | XXX | 29.0x | XXX | XXX | XXX |
| EV/Gross Profit | 7.5x | XXX | 18.3x | XXX | XXX | XXX |
| P/E | 62.9x | XXX | 73.9x | XXX | XXX | XXX |
| EV/FCF | (57.9x) | XXX | 216.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Adani Energy Solutions Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Adani Energy Solutions Margins & Growth Rates
Adani Energy Solutions' revenue in the last 12 month grew by 30%.
Adani Energy Solutions' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Adani Energy Solutions' rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Adani Energy Solutions' rule of X is 101% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Adani Energy Solutions Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 33% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 101% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Adani Energy Solutions Public Comps
See public comps and valuation multiples for other Energy Infrastructure and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Adani Energy Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Permian Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Talen Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Formosa Petrochemical | XXX | XXX | XXX | XXX | XXX | XXX |
| Western Midstream | XXX | XXX | XXX | XXX | XXX | XXX |
| YPF | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Adani Energy Solutions M&A Activity
Adani Energy Solutions acquired XXX companies to date.
Last acquisition by Adani Energy Solutions was on XXXXXXXX, XXXXX. Adani Energy Solutions acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Adani Energy Solutions
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAdani Energy Solutions Investment Activity
Adani Energy Solutions invested in XXX companies to date.
Adani Energy Solutions made its latest investment on XXXXXXXX, XXXXX. Adani Energy Solutions invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Adani Energy Solutions
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Adani Energy Solutions
| When was Adani Energy Solutions founded? | Adani Energy Solutions was founded in 2013. |
| Where is Adani Energy Solutions headquartered? | Adani Energy Solutions is headquartered in India. |
| How many employees does Adani Energy Solutions have? | As of today, Adani Energy Solutions has over 9K employees. |
| Is Adani Energy Solutions publicly listed? | Yes, Adani Energy Solutions is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Adani Energy Solutions? | Adani Energy Solutions trades under ADANIENSOL ticker. |
| When did Adani Energy Solutions go public? | Adani Energy Solutions went public in 2015. |
| Who are competitors of Adani Energy Solutions? | Adani Energy Solutions main competitors are Permian Resources, Talen Energy, Formosa Petrochemical, Western Midstream. |
| What is the current market cap of Adani Energy Solutions? | Adani Energy Solutions' current market cap is $16B. |
| What is the current revenue of Adani Energy Solutions? | Adani Energy Solutions' last 12 months revenue is $3B. |
| What is the current revenue growth of Adani Energy Solutions? | Adani Energy Solutions revenue growth (NTM/LTM) is 30%. |
| What is the current EV/Revenue multiple of Adani Energy Solutions? | Current revenue multiple of Adani Energy Solutions is 7.0x. |
| Is Adani Energy Solutions profitable? | Yes, Adani Energy Solutions is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Adani Energy Solutions? | Adani Energy Solutions' last 12 months EBITDA is $962M. |
| What is Adani Energy Solutions' EBITDA margin? | Adani Energy Solutions' last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Adani Energy Solutions? | Current EBITDA multiple of Adani Energy Solutions is 21.3x. |
| What is the current FCF of Adani Energy Solutions? | Adani Energy Solutions' last 12 months FCF is ($354M). |
| What is Adani Energy Solutions' FCF margin? | Adani Energy Solutions' last 12 months FCF margin is (12%). |
| What is the current EV/FCF multiple of Adani Energy Solutions? | Current FCF multiple of Adani Energy Solutions is (57.9x). |
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