Adani Power Limited vs Power Grid Corporation of India Limited
An objective side-by-side of ADANIPOWER and POWERGRID, both in Power Generation And Supply: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: ADANIPOWER Jun 2026 · POWERGRID Jun 2026
At a glance
- Adani Power Limited is the larger company by market value, about 1.6 times the size of Power Grid Corporation of India Limited.
- On trailing earnings, Power Grid Corporation of India Limited trades at the lower P/E (15.6 against 27.4).
- Adani Power Limited earns the higher return on equity (22.4% against 15.8%).
- Over three years Adani Power Limited has grown profits faster (6% a year against 1%).
- Over the past year the share prices returned +60.3% (ADANIPOWER) and -7.0% (POWERGRID).
| Metric | Adani Power ADANIPOWER |
Power Grid POWERGRID |
|---|---|---|
| Size and price | ||
| Market cap | ₹398,325 Cr | ₹247,489 Cr |
| Share price | ₹206.55 | ₹266.10 |
| Valuation | ||
| P/E | 27.41 | 15.61 |
| P/B | 6.13 | 2.46 |
| EV/EBITDA | 20.53 | 12.26 |
| PEG | 4.57 | 15.61 |
| Dividend yield | 0.0% | 3.4% |
| Profitability | ||
| ROE | 22.4% | 15.8% |
| ROCE | 17.0% | 10.0% |
| Operating margin | 37.4% | 73.1% |
| Sales (TTM) | ₹59,033 Cr | ₹44,168 Cr |
| Net profit (TTM) | ₹14,532 Cr | ₹15,859 Cr |
| Growth | ||
| Latest quarter sales YoY | +34.0% | +2.7% |
| Latest quarter profit YoY | +47.2% | -0.9% |
| Sales CAGR 3Y | +12.0% | +1.0% |
| Profit CAGR 3Y | +6.0% | +1.0% |
| Sales CAGR 5Y | +16.0% | +3.0% |
| Profit CAGR 5Y | +58.0% | +4.0% |
| Financial strength | ||
| Debt/Equity | 0.84 | 1.47 |
| Interest cover | 4.53 | 2.07 |
| Ownership | ||
| Promoter holding | 75.0% | 51.3% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +1.25% | +0.49% |
| Return 3M | -11.65% | -8.16% |
| Return 1Y | +60.33% | -7.04% |
| Return YTD | +44.45% | +0.57% |
| Technical condition | ||
| Technical score | 41 | 39 |
| RS rating (1-99) | 78.00 | 41.00 |
| % vs 200-DMA | +11.71% | -6.32% |
| RSI (14) | 48.39 | 46.58 |
| % from 52-week high | -18.75% | -18.11% |
