	BSE	NSE
Last Price()	1,219.85 Oct 23,2026 15:23:00	1,219.00 Oct 23,2026 15:15:09
Today's Change( )	-73.15 (-5.66%)	-76.40 (-5.90%)
Open( )	1,296.45	1,295.40
Prev Close( )	1,293.00	1,295.40
Volume	170,500.00	3,051,354.00
Today's Range( )	1,300.00 - 1,200.00	1,302.00 - 1,200.00
52-Week Range( )	1,789.00 - 804.70	1,789.00 - 803.10
Buy (Size)	1,219.85(×45)	1,219.50(×3)
Sell (Size)	1,219.00(×11)	1,220.00(×71)

Company Background

Incorporation Year	2013
Registered Office	Adani House Navrangpura,Nr Mithakhali Six Roads, Ahmedabad, Gujarat-380009
Telephone	91-79-25555555/26565555
Fax	91-79-26565500/25555500
Chairman	Gautam S Adani
Managing Director	Anil Sardana
Company Secretary	Jaladhi Shukla
Auditor	Walker Chandiok & Co LLP
Face Value	10
Market Lot	1
Listing	BSE,MSEI ,NSEBSE,MSEI ,NSE
Registrar	MUFG Intime Pvt Ltd 5th Floor 506 to 508,ABC-I Off C G Road,Navrangpura,Ahmedabad-380009

Board of Directors

Board Of Directors
Chairman & Non Executive Dir.	Gautam S Adani
Non-Exec & Non-Independent Dir	Rajesh S Adani
Executive Director & MD	Anil Sardana
Executive Director / Whole Time Director / CEO	Kandarp Suryakant Patel
Independent Non Exe. Director	Lisa Caroline Maccallum Hemant M Nerurkar Chandra Iyengar Anil Ahuja
Company Sec. & Compli. Officer	Jaladhi Shukla

Balance Sheet

Particulars (Sources Of Funds)	Mar 2026 ( Cr)	Mar 2025 ( Cr)	Mar 2024 ( Cr)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)
Share Capital	1201.28	1201.28	1115.49	1115.49	1099.81	1099.81
Reserves Total	19715.64	18497.49	9806.05	9211.16	-254.28	157.10
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	3131.28	2829.70
Total Shareholders Funds	20916.92	19698.77	10921.54	10326.65	3976.81	4086.61
Secured Loans	1020.39	688.06	946.99	761.29	8069.15	7479.87
Unsecured Loans	10016.23	6864.47	4219.13	1840.59	479.72	384.24
Service Line & Sec.Dep. from Cust.	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	11036.62	7552.53	5166.12	2601.88	8548.87	7864.11
Other Liabilities	218.17	62.80	20.69	0.04	0.08	0.34
Total Liabilities	32171.71	27314.10	16108.35	12928.57	12525.76	11951.06
APPLICATION OF FUNDS :
Gross Block	13.45	12.11	10.12	1.21	1.73	1.82
Less: Accumulated Depreciation	3.39	2.15	1.54	0.72	1.05	0.87
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	10.06	9.96	8.58	0.49	0.68	0.95
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	34.65	29.61	4.27	7.52	0.42	0.00
Investments	15394.22	13206.81	9029.96	6721.06	6681.17	6203.30
Current Assets, Loans & Advances
Inventories	26.71	28.00	9.91	0.00	0.00	0.00
Sundry Debtors	2597.87	1036.84	227.46	2.25	0.01	0.08
Cash and Bank Balance	1366.36	1095.84	661.08	816.80	388.72	18.06
Loans and Advances	1556.21	807.06	790.82	563.66	849.70	492.39
Total Current Assets	5547.15	2967.74	1689.27	1382.71	1238.43	510.53
Less : Current Liabilities and Provisions
Current Liabilities	3420.27	1236.35	273.23	37.76	140.58	233.80
Provisions	13.82	13.75	13.66	0.02	0.03	0.06
Total Current Liabilities & Provisions	3434.09	1250.10	286.89	37.78	140.61	233.86
Net Current Assets	2113.06	1717.64	1402.38	1344.93	1097.82	276.67
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liability	231.99	0.00	0.00	0.00	0.00	0.00
Net Deferred Tax	-231.99	0.00	0.00	0.00	0.00	0.00
Other Assets	14851.71	12350.08	5663.16	4854.57	4745.67	5470.14
Total Assets	32171.71	27314.10	16108.35	12928.57	12525.76	11951.06
Contingent Liabilities	3220.82	1788.04	1567.01	427.14	281.04	361.79

Profit and Loss

Particulars(INCOME)	Mar 2026 ( Cr)	Mar 2025 ( Cr)	Mar 2024 ( Cr)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)
Operating Income	3382.89	1937.75	1517.35	688.00	739.81	755.23
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Operating Income	3382.89	1937.75	1517.35	688.00	739.81	755.23
Other Income	1240.07	1108.56	994.54	614.79	700.86	679.43
Stock Adjustments	0.00	0.00	0.00	0.00	0.00	0.00
Total Income	4622.96	3046.31	2511.89	1302.79	1440.67	1434.66
EXPENDITURE :
Power & Fuel Cost	528.89	169.41	429.08	0.00	0.00	0.00
Operating Expenses	2104.20	1400.15	1006.22	685.89	734.23	754.51
Employee Cost	6.11	6.86	2.05	1.18	1.57	3.80
Selling & Administrative Expenses	59.55	39.15	31.15	13.60	5.03	5.88
Miscellaneous Expenses	465.41	273.59	35.87	15.60	1.23	1.15
Less : Pre-operative Expenses Capitalised	0.00	0.00	0.00	0.00	0.00	0.00
Total Expenditure	3164.16	1889.16	1504.37	716.27	742.06	765.34
Operating Profit	1458.80	1157.15	1007.52	586.52	698.61	669.32
Interest	826.21	529.95	347.84	416.08	762.96	690.24
Gross Profit	632.59	627.20	659.68	170.44	-64.35	-20.92
Depreciation	1.23	0.60	0.34	0.15	0.26	0.29
Profit Before Tax	631.36	626.60	659.34	170.29	-64.61	-21.21
Tax	45.94	8.85	64.43	0.01	0.00	0.00
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	14.30	0.00	0.00	0.00	0.00	0.00
Reported Net Profit	571.12	617.75	594.91	170.28	-64.61	-21.21
Extraordinary Items	0.30	34.85	0.00	0.00	0.00	0.00
Adjusted Net Profit	570.82	582.90	594.91	170.28	-64.61	-21.21
Adjustment below Net Profit	-0.18	0.08	-0.02	-19.83	-226.22	-231.95
P & L Balance brought forward	36.45	-581.38	-1176.27	-1326.72	-1035.89	-782.73
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
P & L Balance carried down	607.39	36.45	-581.38	-1176.27	-1326.72	-1035.89
Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Per Share(Rs)	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share-Unit Curr	4.75	5.14	5.33	1.53	-0.59	-0.19
Earnings Per Share(Adj)-Unit Curr	4.75	5.14	5.33	1.53	-0.59	-0.19
Book Value-Unit Curr	174.12	163.98	97.91	92.58	7.69	11.43
Book Value(Adj)-Unit Curr	174.12	163.98	97.91	92.58	7.69	11.43

Quarterly Results

Quarters:

Particulars	Sep 2026 ( Cr)	Jun 2026 ( Cr)	Mar 2026 ( Cr)
Gross Sales	768.19	918.59	1252.13
Other Operating Income	0.00	0.00	0.00
Other Income	320.41	285.17	351.06
Total Income	1088.60	1203.76	1603.19
Total Expenditure	732.43	862.28	1143.23
PBIDT	356.17	341.48	459.96
Interest	290.06	277.37	251.92
PBDT	66.11	64.11	208.04
Depreciation	0.32	0.32	0.32
Tax	11.45	9.75	41.60
Fringe Benefit Tax	0.00	0.00	0.00
Deferred Tax	-2.95	4.94	-33.01
Reported Profit After Tax	57.29	49.10	199.13
Extra-ordinary Items	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	57.29	49.10	199.13
EPS (Unit Curr.)	0.47	0.41	1.65
EPS (Adj) (Unit Curr.)	0.47	0.41	1.65
Calculated EPS (Unit Curr.)	0.47	0.41	1.66
Calculated EPS (Adj) (Unit Curr.)	0.47	0.41	1.66
Calculated EPS (Ann.) (Unit Curr.)	1.87	1.63	6.63
Calculated EPS (Adj) (Ann.) (Unit Curr.)	1.87	1.63	6.63
Book Value (Unit Curr.)	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00
Equity	1222.95	1201.28	1201.28
Reserve & Surplus	23294.57	19747.79	19715.64
Face Value	10.00	10.00	10.00
Public Shareholding (No. Of Shares)	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00
Pledged/Encumbered - No. of Shares	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00
Non Encumbered - No. of Shares	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00
PBIDTM(%)	46.36	37.17	36.73
PBDTM(%)	8.61	6.98	16.61
PATM(%)	7.46	5.35	15.90

Financial Ratios

Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Debt-Equity Ratio	0.46	0.42	0.37	0.78	2.04
Long Term Debt-Equity Ratio	0.01	0.02	0.03	0.53	1.78
Current Ratio	0.37	0.35	0.42	0.71	0.71
Fixed Assets	264.70	174.34	267.85	468.03	416.79
Inventory	123.67	102.23	306.23	0.00	0.00
Debtors	1.86	3.07	13.21	608.85	16440.22
Interest Cover Ratio	1.76	2.18	2.90	1.41	0.92
PBIDTM (%)	43.12	59.72	66.40	85.25	94.43
PBITM (%)	43.09	59.69	66.38	85.23	94.40
PBDTM (%)	18.70	32.37	43.48	24.77	-8.70
CPM (%)	16.92	31.91	39.23	24.77	-8.70
APATM (%)	16.88	31.88	39.21	24.75	-8.73
ROCE (%)	4.90	5.26	6.54	4.40	0.00
RONW (%)	2.81	3.96	5.17	2.20	0.00

Share Price

Year	High ()	Low ()	Close ()	P/E High	P/E Low	P/E Close	Mkt Cap.( In Cr.)
Sep 2026	1,559.90	1,275.15	1,312.65	374.24	265.93	281.23	160,531.12
Aug 2026	1,675.35	1,445.10	1,463.00	367.12	305.82	313.44	178,918.24
Jul 2026	1,789.00	1,471.80	1,648.60	386.79	299.64	353.20	201,616.27
Jun 2026	1,614.00	1,445.00	1,490.90	349.22	294.44	313.76	179,099.23
May 2026	1,578.00	1,237.00	1,513.15	346.32	244.18	318.44	181,772.08
Apr 2026	1,463.00	903.25	1,342.15	313.82	182.25	282.45	161,230.15
Mar 2026	1,043.05	925.40	934.20	226.71	185.57	196.60	112,223.82
Feb 2026	1,051.20	842.15	1,011.05	224.99	172.68	208.36	121,455.68
Jan 2026	1,067.30	804.70	895.35	221.91	163.89	184.52	107,556.84
Share Prices Of 2025
Dec 2025	1,032.90	920.85	1,029.25	213.62	179.47	212.12	123,642.02
Nov 2025	1,050.00	945.10	994.55	221.84	191.79	204.96	119,473.57
Oct 2025	1,004.35	869.60	986.05	210.83	173.90	203.21	118,452.47
Sep 2025	957.95	745.45	871.60	201.59	151.52	179.63	104,703.80
Aug 2025	834.05	759.70	763.70	173.93	155.74	157.39	91,741.96
Jul 2025	907.60	800.05	808.35	190.68	159.07	166.59	97,105.68
Jun 2025	924.15	816.80	881.80	194.37	164.15	181.73	105,929.10
May 2025	980.55	802.20	867.65	211.57	160.48	178.81	104,229.29
Apr 2025	981.95	778.10	898.50	217.61	153.02	185.17	107,935.25
Mar 2025	894.50	639.35	871.50	189.21	128.82	179.61	104,691.78
Feb 2025	788.00	648.00	651.05	162.34	130.24	131.46	78,209.51

Company Profile

Risk Disclosure on Derivatives

ATTENTION INVESTORS

ATTENTION INVESTORS

ATTENTION INVESTORS

Address	303, New Delhi House, 27, Barakhamba Road, New Delhi-110001. CIN No. U74899DL1995PTC070418
call	011-43074307-30 \| Fax: 011-43074315
Compliance Officers: Mr. Pravin Kumar Sinha (NSE, BSE & MCX)
call	011-43074317
mail	compliance@integratedmaster.com
Mr. Gopal Singh Kathayat (CDSL & NSDL)
call	011-43074310
mail	dp@integratedmaster.com
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