Case study

ADANIPOWER

Adani Power

Mixed signals1y model +14.8%

Each stock's 10,000-path forecast, rendered as light.

0Score

Adani Power (ADANIPOWER) Stock Analysis & Case Study

Is ADANIPOWER a good buy? The data-driven verdict.

Adani Power (ADANIPOWER) trades at ₹234,on the numbers it mixed signals, a Downstox Snapshot Score of 54/100.

On the numbers, Adani Power (ADANIPOWER) mixed signals, a Downstox Snapshot Score of 54/100, weighing premium at 35.3× earnings, ROE of 21.1%, a 62% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

The Downstox take on ADANIPOWER

The real tension here is a power generator earning genuine utility-grade returns (ROE above 21 percent, ROCE in the high teens) yet trading at a P/E in the mid-thirties that looks more like a growth stock than a thermal operator. So the debate is whether merchant tariffs and capacity additions can keep earnings climbing fast enough to grow into that multiple, or whether the price already banks years of expansion. Watch the Piotroski score of 3, which flags weakness in cash quality, leverage or margins beneath the headline returns. With zero dividend, every rupee is being reinvested, so execution on new capacity is what the valuation is paying for.

Downstox editorial view, written by our own analysts. Information, not investment advice.

ADANIPOWER fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹4.51L Cr
Current price
₹234
P/E ratio
35.3×
P/B ratio
6.94×
Book value
₹34
ROCE
17.2%
ROE
21.1%
Piotroski F-Score
3/9

Is ADANIPOWER overvalued? ADANIPOWER P/E vs its Power

ADANIPOWER's P/E of 35.3× sits above the Power peer median of 25.6×, so on earnings it screens richer than peers.

ADANIPOWER P/E
35.3×
Peer median P/E
25.6×
Peer median yield
1.45%

ADANIPOWER share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of ADANIPOWER history (23%/yr drift, 43%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
ADANIPOWER 2027₹154₹266₹462+15%
ADANIPOWER 2028₹141₹303₹657+31%
ADANIPOWER 2029₹137₹348₹896+50%
ADANIPOWER 2030₹134₹402₹1,210+74%
ADANIPOWER 2031₹138₹464₹1,553+100%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability ADANIPOWER goes up, or doubles?

62%
Higher in 1 year
Modelled chance the price is above today in 12 months
77%
Higher in 5 years
Modelled chance the price is above today in 5 years
50%
Doubles in 5 years
Modelled chance of reaching ₹464 within 5 years

The bull case for ADANIPOWER

  • High return on equity (21.1%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • A 10,000-path probability model puts a 62% chance the price is higher in a year, with a median target of ₹266 (+15%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹896.

The bear case & risks

  • At 35.3× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished.
  • A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹137.

ADANIPOWER volatility & expected range, how bumpy is the ride?

Over the last 2.0 years ADANIPOWER compounded at 23%/year with annualized volatility of 43%. That volatility implies a 1-year 80% range of ₹154₹462, the honest backbone behind any single price target.

ADANIPOWER price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
14.8%
80% range₹154–₹462
P(price ↑)62%
P(price 2×)10%
3-Year Forecast
2029
₹0
Median (P50)
50.0%
80% range₹137–₹896
P(price ↑)71%
P(price 2×)35%
5-Year Forecast
2031
₹0
Median (P50)
100.3%
80% range₹138–₹1,553
P(price ↑)77%
P(price 2×)50%

ADANIPOWER price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
ADANIPOWER simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds ADANIPOWER hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the ADANIPOWER price target & forecast page.

ADANIPOWER Piotroski F-Score: 3/9, how financially strong is it?

3/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. ADANIPOWER scores 3/9,weak on the financial-strength checks.

ADANIPOWER MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy ADANIPOWER with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox35.3%2.8×
Zerodha30.1%3.3×
Groww30.2%3.3×
DhanCHEAPEST30.0%3.3×

Compare every broker on the ADANIPOWER MTF page.

ADANIPOWER vs peers,Power comparison

StockP/EDiv yieldMarket cap
ADANIPOWER (this stock)35.3×₹4.51L Cr
NTPC13.2×2.27%₹3.56L Cr
POWERGRID16.9×3.11%₹2.69L Cr
TATAPOWER33.8×0.62%₹1.30L Cr
NHPC20.9×2.44%₹78,614 Cr
ADANIGREEN140.0×0.00%₹2.55L Cr
SUZLON25.6×0.00%₹80,826 Cr

About Adani Power: sector, index & market-cap context

Adani Power (ADANIPOWER) is a large-cap NSE-listed company in the Power sector, and a constituent of the Nifty 50 index group, with a market capitalisation of ₹4.51L Cr. See more Nifty 50 stocks.

How the ADANIPOWER Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Adani Power's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

ADANIPOWER analysis, FAQs

Is Adani Power (ADANIPOWER) a good buy?

On the numbers, Adani Power (ADANIPOWER) mixed signals, a Downstox Snapshot Score of 54/100, weighing premium at 35.3× earnings, ROE of 21.1%, a 62% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is ADANIPOWER overvalued or undervalued?

ADANIPOWER trades at 35.3× earnings versus a peer median of 25.6×, so it screens richer than its Power peers.

What is the ADANIPOWER share price target for 2031?

ADANIPOWER's probability-weighted 2031 median target is ₹464, with an 80% range of ₹138₹1,553 (10,000-path Monte-Carlo).

What is the probability ADANIPOWER doubles in 5 years?

The modelled probability of ADANIPOWER reaching ₹464 (2×) within 5 years is 50%.

What is the bull case for ADANIPOWER?

High return on equity (21.1%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. A 10,000-path probability model puts a 62% chance the price is higher in a year, with a median target of ₹266 (+15%).

What are the risks in ADANIPOWER?

At 35.3× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished. A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing.

More on ADANIPOWER