Adani Power Share Price Live: NSE Chart, PE PBV, 2027 Target

Indian power stocks have staged a remarkable rally in 2026, and Adani Power sits near the center of that story. The stock has gained 37% year-to-date and trades within striking distance of its 52-week high of ₹217.25 (Economic Times, Indian financial markets). For investors weighing a position, the critical questions are whether the fundamentals justify the current valuation and how Adani Power stacks up against peers like Tata Power.

Market Cap: ₹ 4,10,571 Cr. · Current Price: ₹ 213 · Stock P/E: 35.8 · 52 Week High/Low: ₹ 217 / ₹ 93.23 · Book Value: ₹ 30.3

Key financial metrics for Adani Power as of April 2026 provide the baseline for valuation analysis.

Is Adani Power a good buy?

The valuation metrics tell a nuanced story. Adani Power trades at a P/E of 35.8, which sits at a premium compared to historical averages and raises the question of how much growth is already priced in. The stock’s beta of 1.76 indicates high volatility—a factor that cuts both ways for momentum investors and risk-conscious buyers.

PE and PBV Buy/Sell Signals

Price-to-book ratio readings provide context for whether the stock trades at a premium or discount relative to book value. The PB ratio ranged between 5.14x and 8.58x across sources in early 2026, compared to a historical average of 3.41x from FY21 to FY25, peaking at 4.77x in March 2024 (Smart Investing, financial data aggregator). The current PB above historical norms suggests the market is pricing in future expansion, but the question is whether that optimism is justified by earnings trajectory.

The implication: investors buying at elevated PB multiples are betting that future earnings will expand enough to bring valuation back to historical norms within a reasonable timeframe.

Recent Performance Factors

The returns data underscores the momentum behind this stock. Adani Power shares gained 41.83% in one month, 60.12% in three months, 84.86% in one year, and 428.55% in three years as of April 2026 (Economic Times, Indian financial markets). In 2026 year-to-date alone, the stock rose 37%, while the five-year return stands at an extraordinary 1,069%.

What drives this performance? The company’s 18,150 MW installed capacity as of Q3 FY26 and EBITDA of ₹15,713 Cr provide the operational backbone (Economic Times, Indian financial markets). The 71.8 BU in sales over nine months signals consistent demand execution.

What is the price target for Adani Power 2027?

Forecasting share prices two years out carries inherent uncertainty, but analyst targets provide a directional anchor. The broker community has issued price targets ranging from ₹173 to ₹187, with the consensus clustering around ₹180.14 for 2027 (TradingView, market forecasting platform).

Analyst Predictions

Three major brokerage houses have published targets for Adani Power. JM Financial maintains a BUY rating with a target price of ₹177, valuing the company at 13x FY28 EV/EBITDA (Business Today, financial news). Morgan Stanley’s target stands at ₹185, while ICICI Securities projects ₹187.

“We maintain a BUY rating on the stock with TP of Rs 177 per share, valuing the company at 13x FY28 EV/EBITDA.”

— JM Financial (Brokerage)

The spread between the lowest target (₹173) and the highest (₹187) reflects different assumptions about growth rates, margin expansion, and the appropriate sector multiple for India’s private power producers.

Forecast Models

Beyond broker targets, algorithmic models on TradingView place the 2027 consensus at approximately ₹180.14, with a maximum projection of ₹187 and a minimum of ₹173 (TradingView, market forecasting platform). These models weight historical price patterns, earnings revisions, and sector comparisons.

What could push the stock above these targets? A faster-than-expected capacity addition, improved monsoon rainfall reducing thermal power demand uncertainty, or regulatory clarity on merchant power tariffs would all be tailwinds. Conversely, tariff pressure, coal supply constraints, or broader market corrections could limit upside.

Which is better, Tata Power or Adani Power?

The comparison between these two sector heavyweights is central to any investment thesis in Indian power. Both companies have delivered strong returns, but their profiles differ meaningfully on valuation, profitability metrics, and growth drivers.

Key Metrics Comparison

Valuation metrics reveal Adani Power trades at a significant premium. Adani Power’s P/E of 35.8 compares to Tata Power at approximately 36.76x—similar on the surface, but the picture shifts when examining return on capital. Adani Power’s ROE of 26.1% and ROCE of 22.5% substantially outpace Tata Power’s ROCE of 10.81% (Screener, financial screening platform).

On book value, the gap is even starker. Adani Power trades at 5.14x to 7.33x price-to-book depending on the measurement date, while Tata Power trades at 3.69x book value (Screener, financial screening platform). The higher PB multiple for Adani Power reflects market expectations of superior capital efficiency and growth.

Capacity-wise, Adani Power operates 18,150 MW against Tata Power’s 16,310 MW (Economic Times, Indian financial markets). Adani Power generated 71.8 BU in sales over nine months of FY26, with Q3 net profit of ₹2,488 Cr on sales of ₹12,451 Cr. Tata Power’s Q3 FY26 showed net profit of ₹1,194 Cr on sales of ₹13,948 Cr—the higher revenue for Tata Power comes from its more diversified business mix including renewables and distribution.

What this means: Adani Power’s superior capital efficiency justifies its premium valuation for growth-focused investors, while Tata Power’s diversification provides downside protection for conservative portfolios.

Market Conditions Impact

Summer demand dynamics are shaping the near-term narrative. Government directives activated Tata Power’s 4,000 MW Coastal Gujarat Power plant from April 1, 2026, creating an operational catalyst for that company (Economic Times, Indian financial markets). Adani Power benefits from the broader demand surge without requiring a specific regulatory trigger.

“Adani Power looks better positioned for a sharper near-term stock move, while Tata Power remains the steadier medium-term compounder. For investors seeking the best tactical heatwave trade, Adani Power is the buy now.”

— Dasani (Analyst)

Tata Power brings a different value proposition through its clean-energy pipeline and EV charging station ambitions, targeting one lakh charging stations by 2025 (Screener, financial screening platform). This diversification provides stability but also means Tata Power’s earnings are spread across more business lines.

Is Adani Power good for long term?

The five-year performance numbers—1,069% gains—make Adani Power one of the standout performers in Indian equities. However, past returns do not guarantee future results, and the question of long-term suitability requires examining the fundamentals that could sustain growth.

Long-term Fundamentals

The company’s capacity roadmap provides the foundation for long-term earnings growth. Adani Power expects operational capacity to reach 39.5 GW by FY32 (Business Today, financial news)—more than double the current 18,150 MW. If executed on schedule, this expansion would significantly grow the revenue base.

The profit CAGR of 65.7% and revenue CAGR of 93.9% over five years demonstrate the compounding potential of the business (Business Today, financial news). These growth rates are exceptional, but investors should note they reflect expansion from a smaller base—the law of large numbers makes sustaining such pace difficult as the company scales.

Group Stock Outlook

Adani Power trades as part of the broader Adani Group, which has faced scrutiny over corporate governance and leverage concerns. The group’s consolidated debt levels, funding access, and regulatory relationships all affect how investors price the long-term risk premium.

Is Adani Power split today?

The question of stock splits frequently arises when share prices reach higher levels, as companies sometimes use splits to improve liquidity and accessibility to retail investors. Adani Power’s current price around ₹213 remains well above typical split thresholds seen in Indian markets.

Stock Split History

Adani Power has not announced any split as of April 2026. The company’s historical split records show no recent activity, and any future split would require regulatory filings and shareholder approval.

Split Impact on Price

When companies execute a 2-for-1 stock split, the share price theoretically halves while the total value of an investor’s holding remains unchanged. For Adani Power, a split would theoretically reduce the per-share price from ₹213 to around ₹106.50, potentially attracting a broader base of retail investors.

However, splits are cosmetic events. The fundamental drivers—earnings growth, capacity expansion, and sector demand—matter far more than the nominal price per share. Investors should not overweight split potential in their decision-making.

Pros and Cons Summary

Analyst Quotes and Expert Perspectives

Brokerage analysts provide the most direct investment guidance, though investors should weight these opinions alongside independent research.

“We maintain a BUY rating on the stock with TP of Rs 177 per share, valuing the company at 13x FY28 EV/EBITDA.”

— JM Financial (Brokerage)

“Adani Power looks better positioned for a sharper near-term stock move, while Tata Power remains the steadier medium-term compounder. For investors seeking the best tactical heatwave trade, Adani Power is the buy now.”

— Dasani (Analyst)

Final Take

Adani Power presents a classic case of momentum versus valuation. The operational metrics—18,150 MW capacity, ROE of 26.1%, and strong earnings growth—support a business that is executing well. The stock’s 37% gain in 2026 YTD and proximity to the 52-week high reflect this execution story.

The tension lies in pricing. At a P/E of 35.8 and PB of 5.14x to 7.33x, the market is paying a premium for that growth. The consensus 2027 target of ₹180.14 (TradingView, market forecasting platform) actually sits below current prices, suggesting some analyst caution about near-term upside. Investors buying at ₹213 are betting that future earnings will validate the premium—that bet requires conviction in the 39.5 GW capacity expansion materializing on schedule.

For investors in India weighing Adani Power versus Tata Power, the choice comes down to risk appetite. Adani Power offers higher potential returns and superior capital efficiency, but with greater volatility and valuation risk. Tata Power provides diversification and a steadier compounder, though at a similar P/E multiple. Long-term investors comfortable with volatility may find Adani Power the more rewarding choice; conservative investors may prefer Tata Power’s balance sheet and clean-energy positioning.

Growth-oriented investors who can stomach the 1.76 beta volatility may benefit from Adani Power’s expansion runway, while conservative investors seeking steadier returns should favor Tata Power’s diversification and lower leverage to macro risks.

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Adani Power’s valuation metrics invite comparisons with peers like those tracked in Reliance Power share price, highlighting sector-wide trends on the NSE.

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