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Adani Power Valuation Multiples
Discover revenue and EBITDA valuation multiples for Adani Power and similar public comparables like NTPC, PSEG, Consolidated Edison, Orlen and more.
Adani Power Overview
About Adani Power
Adani Power Ltd is an electric utility company that produces and transmits energy from its portfolio of power plants located throughout India. The company produces its energy using thermal fuel sources, such as coal but also owns facilities that utilize solar and steam generation. The company's electricity sales are structured through long-term agreements. Its business segments include Power Generation and related activities, which generates key revenue, and Trading, Investment, and other activities. Geographically, the company generates a majority of its revenue from India.
Founded
1996
HQ

Employees
4.2K
Website
Sectors
Financials (LTM)
EV
$45B
Adani Power Financials
Adani Power reported last 12-month revenue of $6B and EBITDA of $2B.
In the same LTM period, Adani Power generated $6B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Adani Power P&L
In the most recent fiscal year, Adani Power reported revenue of $7B and EBITDA of $3B.
Adani Power expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 99% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 39% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Adani Power Stock Performance
Adani Power has current market cap of $41B, and enterprise value of $45B.
Market Cap Evolution
Adani Power's stock price is $2.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $45B | $41B | 0.5% | XXX | XXX | XXX | $0.08 |
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Start Free TrialAdani Power Valuation Multiples
Adani Power trades at 7.6x EV/Revenue multiple, and 20.5x EV/EBITDA.
EV / Revenue (LTM)
Adani Power Financial Valuation Multiples
As of April 19, 2026, Adani Power has market cap of $41B and EV of $45B.
Equity research analysts estimate Adani Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Adani Power has a P/E ratio of 33.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $41B | XXX | $41B | XXX | XXX | XXX |
| EV (current) | $45B | XXX | $45B | XXX | XXX | XXX |
| EV/Revenue | 7.6x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 20.5x | XXX | 17.7x | XXX | XXX | XXX |
| EV/EBIT | 26.2x | XXX | 21.6x | XXX | XXX | XXX |
| EV/Gross Profit | 7.7x | XXX | 17.7x | XXX | XXX | XXX |
| P/E | 33.7x | XXX | 28.1x | XXX | XXX | XXX |
| EV/FCF | 103.8x | XXX | 22.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Adani Power 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 Power Margins & Growth Rates
Adani Power's revenue in the last 12 month grew by 14%.
Adani Power's revenue per employee in the last FY averaged $1.6M, while opex per employee averaged $0.2M for the same period.
Adani Power's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Adani Power's rule of X is 63% (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 Power Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | (15%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Adani Power Public Comps
See public comps and valuation multiples for other Energy Production and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Adani Power | XXX | XXX | XXX | XXX | XXX | XXX |
| NTPC | XXX | XXX | XXX | XXX | XXX | XXX |
| PSEG | XXX | XXX | XXX | XXX | XXX | XXX |
| Consolidated Edison | XXX | XXX | XXX | XXX | XXX | XXX |
| Orlen | XXX | XXX | XXX | XXX | XXX | XXX |
| Rosneft Oil | 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 Power M&A Activity
Adani Power acquired XXX companies to date.
Last acquisition by Adani Power was on XXXXXXXX, XXXXX. Adani Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Adani Power
| 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 Power Investment Activity
Adani Power invested in XXX companies to date.
Adani Power made its latest investment on XXXXXXXX, XXXXX. Adani Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Adani Power
| 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 Power
| When was Adani Power founded? | Adani Power was founded in 1996. |
| Where is Adani Power headquartered? | Adani Power is headquartered in India. |
| How many employees does Adani Power have? | As of today, Adani Power has over 4K employees. |
| Is Adani Power publicly listed? | Yes, Adani Power is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Adani Power? | Adani Power trades under ADANIPOWER ticker. |
| When did Adani Power go public? | Adani Power went public in 2009. |
| Who are competitors of Adani Power? | Adani Power main competitors are NTPC, PSEG, Consolidated Edison, Orlen. |
| What is the current market cap of Adani Power? | Adani Power's current market cap is $41B. |
| What is the current revenue of Adani Power? | Adani Power's last 12 months revenue is $6B. |
| What is the current revenue growth of Adani Power? | Adani Power revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Adani Power? | Current revenue multiple of Adani Power is 7.6x. |
| Is Adani Power profitable? | Yes, Adani Power is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Adani Power? | Adani Power's last 12 months EBITDA is $2B. |
| What is Adani Power's EBITDA margin? | Adani Power's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of Adani Power? | Current EBITDA multiple of Adani Power is 20.5x. |
| What is the current FCF of Adani Power? | Adani Power's last 12 months FCF is $436M. |
| What is Adani Power's FCF margin? | Adani Power's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Adani Power? | Current FCF multiple of Adani Power is 103.8x. |
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