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This Power Shares Are In Focus; Hit Upper Circuit; Big Deal Behind This Share Rise

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Adani Power Ltd (NSE: ADANIPOWER) Share: Today, in this post we’ll discuss about Adani Power latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Adani Power shares are on the radar today Tuesday, 2 April. 

This part of the Adani Group hit an upper circuit of 5 percent on Tuesday and the shares hit an intraday high of 588.45. 

Today is the second consecutive day that Adani Power shares have hit the upper circuit. There’s a significant reason for this increase in the shares. 

Recently, Adani’s company entered into a 20-year power purchase agreement worth 500 MW in partnership with Reliance Industries (RIL).

The Condition Of Shares

The stock reached its 52-week high of 589.30 on December 6, last year, and then its 52-week low of 185.10 in April in the year before. 

At the current value of 588.45, the stock is trading up by 218 percent since the 52-week low. Each month, the stock has risen by 10 percent or more from April.

What Is The Opinion Of Experts?

Market experts have a variety of opinions on Adani Power shares. Some think that investors should continue to invest in the stock for the moment. 

The stock could be a source of profits after it hit its highest levels in December of last year. It is possible to put money into stocks at this time, however, there must be an exit strategy to reduce the risk. 

Investors who already placed an order in this particular stock could continue investing as long as they kept their stop loss below 550 rupees. 

Stop loss levels of 550 must be kept at 550. The pattern suggests a target of Rs 640. 

It is however likely to rise towards 700 rupees. On the other hand, the Rs 500 level will serve as a temporary support level.

About Adani Power Ltd Company

The company is a power generator in India with an energy generation capacity of 12450 megawatts (MW) consisting of 12.410 MW thermal power stations and the 40MW solar energy project.

It is focused on coal trading and power generation. 

The Company has constructed and manages through its subsidiaries more than 9.240 MW worth of power plant capacity including a 4,620 MW power plant of APMuL located in Mundra in Gujarat,

and the 3,300 MW plant of APML located at Tiroda located in Maharashtra and one of 1,320MW from APRL in Kawai situated in Rajasthan. 

The Company also owns three thermal power stations with an aggregate capacity of around 3,170 MW. 

This includes one 1,200 MW plant from UPCL in Udupi in Karnataka as well as the 1,370 MW plant of REL in Raipur within Chhattisgarh and the 600 MW power plant at REGL located in Raigarh located in Chhattisgarh. 

The subsidiaries of the Company comprise Adani Power (Jharkhand) Limited, Pench Thermal Energy (MP) Limited,  Mahan Energen Limited, Adani Power Dahej Limited and Kutchh Power Generation Limited.

Fundamental Analysis of Adani Power Ltd

Market Cap₹ 2,26,963 Cr.
Current Price₹ 588.45
52-wk High₹ 589.45
52-wk Low₹ 185.20
Stock P/E10.04
Book Value₹ 105
Dividend0.00 %
ROCE15.8 %
ROE44.8 %
Face Value₹ 10.0
P/B Value5.60
OPM32.3 %
EPS₹ 60.5
Debt₹ 32,367 Cr.
Debt to Equity0.80

Adani Power Ltd Shareholding Pattern

Promoters Holding
Dec 202274.97%
Mar 202374.97%
June 202374.97%
Sept 202370.02%
Dec  202371.75%
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FII Holding
Dec 202212.88%
Mar 202311.70%
June 202311.95%
Sept 202317.51%
Dec  202315.86%
DII Holding
Dec 20220.00%
Mar 20230.01%
June 20230.04%
Sept 20230.76%
Dec  20231.18%
Public Holding
Dec 202212.15%
Mar 202313.32%
June 202313.04%
Sept 202311.72%
Dec  202311.20%
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Adani Power Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 23,884 Cr
2020₹ 26,468 Cr
2021₹ 26,221 Cr
2022₹ 27,711 Cr
2023₹ 47,230 Cr

Last 5 Years’ Net Profit:

2019₹ -984 Cr
2020₹ -2,275 Cr
2021₹ 1,270 Cr
2022₹ 4,912 Cr
2023₹ 23,334 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019-151.14
2020-24.5
202199.58
20228.86
20232.56
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Last 10 Years’ Profit Growth:

10 Years:21%
5 Years:48%
3 Years:120%
Current Year:130%

Last 10 years’ Return on Equity (ROE):

10 Years:11%
5 Years:24%
3 Years:34%
Last Year:45%

Sales Growth Over 10 Years:

10 Years:19%
5 Years:14%
3 Years:14%
Current Year:21%

Conclusion

This article is a complete guide about Adani Power Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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