Adani Power Share Price Target 2024

Share of Adani Power is currently trading at around Rs.190/- Existing as well as prospective investors are asking for the Adani Power share price target 2024 as well as target share price for other years from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Adani Power Limited and based on our discussion and analysis will tell you the Adani Power Share Price Target from 2024 as well as for other years from 2023 to 2030.  

Adani Power Limited is one of the largest private power generation companies in India, with a total installed capacity of over 12,450 MW across thermal and renewable power projects. The company is a subsidiary of the Adani Group, one of India’s largest business conglomerates. Adani Power has been in operation since 2009 and has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 2009.

Business Performance:

Adani Power’s business performance has been mixed over the past few years. The company faced several challenges such as high fuel costs and regulatory issues that impacted its profitability. However, the company has undertaken several measures to address these challenges, such as renegotiating power purchase agreements and reducing its dependence on imported coal.

In the financial year 2020-21, Adani Power reported a total revenue of INR 27,005 crore, a decline of 20% compared to the previous year. The company’s net profit stood at INR 1,218 crore, compared to a loss of INR 12,912 crore in the previous year. Adani Power’s EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) stood at INR 8,299 crore, a decline of 31% compared to the previous year.

Financial Performance:

Adani Power’s financial performance has been volatile over the past few years. The company has faced several challenges such as high fuel costs and regulatory issues that have impacted its profitability. However, the company has undertaken several measures to address these challenges, such as renegotiating power purchase agreements and reducing its dependence on imported coal.

In the financial year 2020-21, Adani Power’s total debt stood at INR 46,251 crore, a decline of 6% compared to the previous year. The company’s debt-to-equity ratio stood at 3.43, indicating that the company has a high level of debt relative to its equity. Adani Power’s interest coverage ratio stood at 1.62, indicating that the company has limited ability to service its debt obligations.

Adani Power’s return on equity (ROE) stood at 2.99% in the financial year 2020-21, compared to a negative ROE of -25.08% in the previous year. The company’s return on assets (ROA) stood at 0.77% in the financial year 2020-21, compared to a negative ROA of -4.57% in the previous year. These ratios indicate that Adani Power’s profitability has improved compared to the previous year, but the company’s financial performance still remains weak.

Conclusion:

Adani Power has been facing several challenges in the Indian power sector such as high fuel costs and regulatory issues. The company has undertaken several measures to address these challenges, such as renegotiating power purchase agreements and reducing its dependence on imported coal. However, the company’s financial performance remains weak, with a high level of debt relative to its equity and limited ability to service its debt obligations. Adani Power will need to continue to focus on improving its profitability and financial performance to drive long-term sustainable growth.

Adani Power Share Price Target 2023

Based on the above discussion and analysis, the share price of Adani Power may touch the level of around Rs.200-250 in 2023.

Adani Power Share Price Target 2024

Based on the above discussion and analysis, the share price of Adani Power is likely to touch the level of around Rs.275-300 in 2024

Adani Power Share Price Target 2025

Based on the above discussion and analysis, the share price of  Adani Power  is likely to remain in the range of Rs.325-375 in 2025.

 Adani Power  Share Price Target 2026

Based on the above discussion and analysis, the share price of Adani Power  may touch the level of around Rs.400-450 in 2026.

Adani Power  Share Price Target 2027

Based on the above discussion and analysis, the share price of Adani Power   is likely to touch the level of around Rs.490-540 in 2027.

Adani Power Share Price Target 2028

Based on the above discussion and analysis, the share price of  Adani Power   is likely to remain in the range of Rs.575-625 in 2028

Adani Power   Share Price Target 2029

Based on the above discussion and analysis, the share price of  Adani Power   is likely to touch the level of around Rs.650-700 in 2029

Adani Power Share Price Target 2030

Based on the above discussion and analysis, the share price of Adani Power is likely to remain in the range of Rs.750-800 in 2030

Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.

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