India's largest private-sector thermal power producer, running 18,150 MW across 13 plants
Price
Market Cap
Sector
Utilities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k | 3.9k |
| Reserves | 2.6k | 9.3k | 14.6k | 25.8k | 39.0k | 52.5k | 54.6k | 61.1k |
| Borrowings | 55.2k | 52.4k | 49.1k | 42.6k | 34.9k | 39.5k | 48.5k | 54.7k |
| Other Liabilities | 13.3k | 13.0k | 14.4k | 13.6k | 14.2k | 17.1k | 18.6k | 21.9k |
| Total Liabilities | 75.0k | 78.5k | 82.0k | 85.8k | 92.0k | 112.9k | 125.6k | 141.5k |
| AssetsFixed Assets | 55.8k | 52.9k | 53.3k | 51.5k | 63.0k | 69.3k | 71.1k | 69.4k |
| CWIP | 2.3k | 6.4k | 10.3k | 12.9k | 925 | 12.1k | 19.8k | 35.1k |
| Investments | 3 | 20 | 183 | 654 | 374 | 1.1k | 50 | 1.5k |
| Other Assets | 16.8k | 19.2k | 18.3k | 20.8k | 27.7k | 30.4k | 34.6k | 35.5k |
| Total Assets | 75.0k | 78.5k | 82.0k | 85.8k | 92.0k | 112.9k | 125.6k | 141.5k |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
ADANIPOWER · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.