Adani Power Company is a part of of Adani Group. For the long term, the power sector stocks can be a good idea for investing but there are also a lot of risks in the Power Sector, some of risks we shared below. Adani Power is one of the most popular and fundamentally strong power sector stocks. If you also want to invest in the power sector for the long term, check Adani Power’s share price target for 2024, 2025, and 2026.
From the start of 2021, the Adani Power share price started moving up. There were many reasons behind the upside move. Not only Adani Power but also a lot of stocks in the same sectors started moving up because the government started supporting the power sector (green energy) in multiple ways to make India more powerful.
Hope you know that the allegations against the Adani Group have been proved wrong in court recently. That’s why all the Adani Group stocks have shown a massive upside rally in the last few weeks.
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About Adani Power
Adani Power was founded in 1996 and as of now, its managing director is Mr. Anil Sardana. The company is an Indian company it is a company of the Adani Group.
Adani Power is involved in thermal power producing and it is the largest thermal power producing company in India. As of now, the company has approximately 8 power plants which are in
- Bitta, Gujrat
- Singrauli, Madhya Pradesh
- Raigarh, Chhattisgarh
- Udupi, Karnataka
- Mundra, Gujrat
- Kawai, Rajasthan
- Raipur, Chhattisgarh
- Tiroda, Maharashtra
Not, only these two plants will be actioned once all the work is complete. The plants are Godda, Jharkhand, and Singrauli, Madhya Pradesh.
Company Fundamentals
Company Fundamentals is one of the best ways to analyze stocks for long-term investing. In the company fundamentals, there are a lot of things available that indicate the company’s strength. On which investors can decide to invest in the stock or not.
To get maximum return on your investment you need to invest in the right stocks. Once you start investing in good stocks with proper research your returns on the stocks will be increased in the long term.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry, from the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 21 Feb 2024.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | -₹984 |
| March 2020 | -₹2,275 |
| March 2021 | ₹1,270 |
| March 2022 | ₹4,912 |
| March 2023 | ₹10,727 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹8.77 |
| Mar 2023 | ₹5,242 |
| Jun 2023 | ₹8,759 |
| Sep 2023 | ₹6,594 |
| Dec 2023 | ₹2,738 |
Company Fundamentals
| Market Cap | ₹2,14,002Cr | ROE | 50.86% |
| P/E Ratio (TTM) | 9.17 | EPS (TTM) | 60.50 |
| P/B Ratio | 5.28 | Div Yield | 0.00% |
| Industry P/E | 22.10 | Book Value | 105.03 |
| Debt to Equity | 0.80 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 11.95 | 17.51 | 15.86% |
| DIIs | 0.04 | 0.76 | 1.18% |
| Public | 13.04 | 11.72 | 11.20% |
| Promoters | 74.97 | 70.02 | 71.75% |
| Other Holders | 0.00 | 0.00 | 0.00% |
Key Points
- The Financials of Adani Power are very stable.
- Valuation of the Adani Power company is expensive.
- Adani Power company has a cash of approx Rs. 1,692.34 Crore as of now.
- The Debt to Equity of the Adani Power Company is 0.80 and the Debt of the company is approx Rs. 32,806.35 Crore.
- In the last 3 years, the company has given a good revenue growth of approx 230%.
- The quarterly profit is not growing consistently but the yearly profit is consistently growing.
- In the last 3 years, the EPS (earning per share) of the compnay has almost increased by 900%.
Quarterly Results
As we mentioned above that the quarterly profit of the Adani Power compnay is not consistent in some quarters the profits are very high but in some quarters the profits are very less too.
In the Dec 2023 quarter, the net profit of the compnay is Rs. 2,738 Crore which is the lowest profit in the last 4 quarters. The highest profit made by the company in the last 4 quarters was Rs. 8,759 in the Jun 2023 quarter.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, so they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Adani Power Share Price Target
As of now, Adani Power compnay is the largest thermal power producer in India. In the upcoming few years, there will be the use of thermal power and other power that belongs to green energy. Not only the company but the government also has a lot of plans for green energy and other power producers that do not harm nature a lot.
In the company, almost everything is good according to the business model and the current fundamental information. One of the biggest allegations was also removed or proved wrong by the court from the Adani Group.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Adani Power Share Price Target 2024
In December 2023, the Adani PiwerPower stock made an all-time high of Rs. 589.45 and as of 21 Feb 2024, the stock is trading approximately 10% down from its all-time high.
As of now, the stock is not looking bearish and not bullish too, but the stock can make another fresh all-time high in case if the stock takes any support and consolidates for a few weeks.
It can also break its all-time high without consolidation but for the short-term trade it will be difficult to take trade with full confidence. However in the short term and long term anylsys are bullish on the stock as the net profit, sales, EPS, etc, is increasing.
Adani Power Share Price Target 2025
The government is planning to develop the infrastructure of renewable energy and also investing millions of money from time to time and giving subsidies to promote the use of it.
Pollution is one of the biggest problems for now and a lot of diseases are developing or making people sick. With the use of renewable energy, the problem can be solved very easily but it will take time.
In the next few years, you can see the use of renewable energy at a very high level. So, investing in renewable stocks for the long term can be beneficial and you can get good returns.
Adani Power Share Price Target 2026
As of Feb 2024, the Adani Power stock is trading near its all-time high, and most probably the stock can down in 2024 or 2025 because, after a massive return, there is no sign of profit booking. So, investing at a lower level can give you more return in the long term.
In case, you are thinking of investing money in bulk in the stock then you can face a huge loss as the stock is trading near its all-time high, and most probably it will go down in the short term when the profit booking starts.
If you want to hold the stock for the long term then you can go but make sure you are buying the stock at good levels and average the buy price properly.
FAQs
As of now the Adani Power stock looking bullish and going up by taking support to a trendline. In case, it breaks the trendline and the support then we can see a down move in the stock for the short term.
Adani Power’s share price target for 2024, 2025, and 2026 is shared above.
Adani Power is the largest thermal power-producing company in India. In the future, the consumption of power will increase very rapidly. The business model of the Adani Power company is good. The future of Adani Power is very bullish.
Of course, it will grow in the future. The business model and they are also adding more plants to grow their company. Adani Power is India’s largest power-producing company as of now.
Final Words: The consumption of power in the future will grow and Adani Power is India’s largest thermal power-producing company. It is highly predicted that the company will grow in the future. If the company grows then Adani share price target for 2024, 2025, and 2026 will also grow a lot. Make sure you keep the stock on your radar and keep repositioning it with time.