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Adani Power Ltd
NSE:ADANIPOWER

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Adani Power Ltd
NSE:ADANIPOWER
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Price: 212.05 INR -0.99% Market Closed
Market Cap: ₹4.1T

EV/OCF

18.2
Current
35%
More Expensive
vs 3-y average of 13.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
18.2
=
Enterprise Value
₹3T
/
Operating Cash Flow
₹238.8B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
18.2
=
Enterprise Value
₹3T
/
Operating Cash Flow
₹238.8B

Valuation Scenarios

Adani Power Ltd is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (13.4), the stock would be worth ₹156.52 (26% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-36%
Maximum Upside
+29%
Average Downside
15%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 18.2 ₹212.05
0%
3-Year Average 13.4 ₹156.52
-26%
5-Year Average 13.3 ₹154.56
-27%
Industry Average 11.7 ₹136.52
-36%
Country Average 23.4 ₹273.15
+29%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
IN
Adani Power Ltd
NSE:ADANIPOWER
4.1T INR 18.2 35.7
US
Vistra Corp
NYSE:VST
55.6B USD 18.2 73.9
SA
ACWA Power Co
SAU:2082
184.5B SAR 45.8 99.6
IN
NTPC Ltd
NSE:NTPC
3.9T INR 7.7 16.2
CN
CGN Power Co Ltd
SZSE:003816
235.3B CNY 15.3 24.1
CN
China National Nuclear Power Co Ltd
SSE:601985
187B CNY 15.3 21.7
TH
Gulf Energy Development PCL
SET:GULF
836.6B THB 54.2 39.1
DE
Uniper SE
XETRA:UN0
17B EUR -18.7 12.1
CN
SDIC Power Holdings Co Ltd
SSE:600886
108.1B CNY 8.4 16.5
US
Talen Energy Corp
NASDAQ:TLN
16.6B USD 32.4 -76.8
CN
Huaneng Power International Inc
SSE:600011
97.7B CNY 5.5 8.4

Market Distribution

In line with most companies in India
Percentile
38th
Based on 2 183 companies
38th percentile
18.2
Low
0.1 — 14.7
Typical Range
14.7 — 39.6
High
39.6 —
Distribution Statistics
India
Min 0.1
30th Percentile 14.7
Median 23.4
70th Percentile 39.6
Max 28 676

Adani Power Ltd
Glance View

Adani Power Ltd, a prominent player in the Indian energy sector, is an integral pillar of the Adani Group, a multinational conglomerate notable for its diverse industrial ventures. Established in 1996, the company was formed with a vision to address the burgeoning energy demands of a rapidly developing India. Adani Power has since transformed itself into the largest private thermal power producer in the country. Its core business revolves around generating electricity through thermal power plants, with an impressive portfolio of power stations strategically located across India. These facilities predominantly utilize coal as a fuel source, a choice driven by both economic feasibility and the energy policies prevailing within the region. This operational model is underpinned by long-term Power Purchase Agreements (PPAs) with state utilities, ensuring stable revenue streams despite the volatility that often characterizes the energy market. The company's financial success is further bolstered by an intricate logistical network, which encompasses coal procurement, transportation, and efficient power distribution. Adani Power meticulously sources coal from both domestic and international markets, leveraging economies of scale and strategic partnerships to optimize costs. In recent years, the company has taken strides towards sustainability and diversification, recognizing the global shift towards renewable energy platforms. While coal-based power remains its mainstay, Adani Power is gradually expanding its footprint in the renewable energy space, investing in solar power projects to align with national policies on green energy transitions. This strategic hybrid approach not only solidifies its presence across various sectors of the energy landscape but also fortifies its fiscal robustness, ensuring resilience against market fluctuations and regulatory shifts.

ADANIPOWER Intrinsic Value
118.27 INR
Overvaluation 44%
Intrinsic Value
Price ₹212.05
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