Adani Power Share Price Today: Q4 Profit Jumps 52%, JP Power Deal Signed, Is the Stock Overvalued at Rs 219?

May 22, 2026
Posted by: Kunal Singla
Category: News

Adani Power share price is at Rs 219.33 on 21 May 2026, up 95% in one year. Q4 FY26 PAT Rs 4,017 crore (+52% YoY). JP Power Rs 4,193 crore deal signed. New subsidiary IPSL formed 14 May.

The Adani Power share price stood at Rs 219.33 on 21 May 2026. The stock has gained approximately 95 percent over the past year, rising from the 52-week low of Rs 105.42 to the current level. The 52-week high is Rs 234.40. Market cap is Rs 4,24,726 crore. Two major recent developments define the narrative: a 52 percent Q4 FY26 profit surge and the Rs 4,193 crore JP Power acquisition signing.

Click Here – Get Free Investment Predictions

Table of Contents

Adani Power Q4 FY26 Results

Q4 FY26 Net Profit: Rs 4,017 crore (+52.34% YoY)
Q4 FY26 Revenue: Rs 15,980 crore (+18.7% QoQ from Rs 12,990 crore in Q3 FY26)
FY26 Annual Revenue: Crossed Rs 74,000 crore
Installed Capacity: 15,250 MW, India’s largest private thermal power producer

JP Power Deal and IPSL Subsidiary

Adani Power signed definitive agreements on 21 May 2026 to acquire a 24 percent stake in Jaiprakash Power Ventures for Rs 2,993.60 crore and the 180 MW Churk thermal plant plus 11.49 percent Prayagraj Power stake for Rs 1,200 crore, totalling Rs 4,193.59 crore. All regulatory hurdles cleared: CCI in August 2025, NCLT on 17 March 2026 and NCLAT on 4 May 2026. The acquisition adds JPVL’s 2,220 MW capacity, a 3.92 MTPA coal mine and the Churk standalone plant.

Adani Power also incorporated Integrated Power Supply Ltd (IPSL) as a wholly-owned subsidiary on 14 May 2026, with authorised share capital of Rs 5 lakh. The subsidiary structure signals potential new business verticals in power trading or distribution.

21 May Close: Rs 219.33
52W High: Rs 234.40 | 52W Low: Rs 105.42 | 1Y Return: ~95%
PE: 33.09 | PB: 7.35 | Market Cap: Rs 4,24,726 crore

Track Adani Power share price live on the Check the Univest Screener for live data.

Is Adani Power Share Price Overvalued at Rs 219?

At 33 times PE, Adani Power trades at a significant premium to NTPC at 18 to 20 times and Power Grid at 15 to 17 times. ICICI Securities downgraded Adani Power to Add with a Rs 233 target after the stock’s 95 percent one-year rally, citing stretched valuations. The counter-argument: EBITDA growth of 62 percent QoQ and the JP Power acquisition adding 2,400 MW at resolution plan cost (well below market acquisition cost) justify some premium. Consult a SEBI-registered advisor before investing.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

FAQs on Adani Power Share Price

Why has Adani Power share price gained 95% in one year?

Ans. Adani Power share price gained 95% in one year because Q4 FY26 PAT grew 52% YoY to Rs 4,017 crore, the JP Power Rs 4,193 crore acquisition adds 2,220 MW JPVL capacity and India’s power sector is in a structural capacity-addition cycle. FY26 annual revenue crossed Rs 74,000 crore.

What is the Adani Power share price target?

Ans. ICICI Securities has an Add rating with a target of Rs 233, flagging valuation concerns after the 95% one-year rally. The 52-week high is Rs 234.40. Consult a SEBI-registered advisor before investing.

Adani Power

Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.