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Adani Power Limited
Buy, Hold or Sell?

Let's analyse Adani Power Limited together

PenkeI guess you are interested in Adani Power Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Adani Power Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Adani Power Limited (30 sec.)










What can you expect buying and holding a share of Adani Power Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.08
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
INR77.46
Expected worth in 1 year
INR193.33
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
INR122.72
Return On Investment
23.0%

For what price can you sell your share?

Current Price per Share
INR533.80
Expected price per share
INR432.50 - INR580.00
How sure are you?
50%

1. Valuation of Adani Power Limited (5 min.)




Live pricePrice per Share (EOD)

INR533.80

Intrinsic Value Per Share

INR84.08 - INR223.51

Total Value Per Share

INR161.54 - INR300.97

2. Growth of Adani Power Limited (5 min.)




Is Adani Power Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$3.5b$2.2b$1.3b37.4%

How much money is Adani Power Limited making?

Current yearPrevious yearGrowGrow %
Making money$1.2b$589.3m$697.8m54.2%
Net Profit Margin27.7%17.7%--

How much money comes from the company's main activities?

3. Financial Health of Adani Power Limited (5 min.)




What can you expect buying and holding a share of Adani Power Limited? (5 min.)

Welcome investor! Adani Power Limited's management wants to use your money to grow the business. In return you get a share of Adani Power Limited.

What can you expect buying and holding a share of Adani Power Limited?

First you should know what it really means to hold a share of Adani Power Limited. And how you can make/lose money.

Speculation

The Price per Share of Adani Power Limited is INR533.80. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Adani Power Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Adani Power Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR77.46. Based on the TTM, the Book Value Change Per Share is INR28.97 per quarter. Based on the YOY, the Book Value Change Per Share is INR14.50 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.71 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Adani Power Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.330.1%0.330.1%0.120.0%0.060.0%0.000.0%
Usd Book Value Change Per Share0.350.1%0.350.1%0.170.0%0.180.0%0.080.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.120.0%0.060.0%
Usd Total Gains Per Share0.370.1%0.370.1%0.190.0%0.300.1%0.140.0%
Usd Price Per Share2.30-2.30-2.22-1.29-0.88-
Price to Earnings Ratio6.89-6.89-19.22-264.60-125.34-
Price-to-Total Gains Ratio6.24-6.24-11.55-1.20--0.91-
Price to Book Ratio2.47-2.47-3.82-2.57-3.62-
Price-to-Total Gains Ratio6.24-6.24-11.55-1.20--0.91-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.4056
Number of shares156
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.12
Usd Book Value Change Per Share0.350.18
Usd Total Gains Per Share0.370.30
Gains per Quarter (156 shares)57.4346.25
Gains per Year (156 shares)229.74185.01
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11321722072113175
226434450145225360
339651680217338545
451868910290450730
56410851140362563915
677130113704356751100
790151816005077881285
8103173518305809011470
91161952206065210131655
101282169229072411261840

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%4.06.00.040.0%6.010.00.037.5%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%10.06.00.062.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.02.080.0%8.00.08.050.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%10.06.00.062.5%

Fundamentals of Adani Power Limited

About Adani Power Limited

Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPA), medium and short term PPA, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 13,650 MW. It operates various coal based power plants comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 1,200 MW at Udupi, Karnataka; 1,370 MW at Raipur, Chhattisgarh; 600 MW at Raigarh, Chhattisgarh; and 1,200 MW at Singrauli, Madhya Pradesh. The company also operates a solar based power plant with a capacity of 40 MW located at Bitta, Gujarat; and engages in coal trading business. Adani Power Limited was founded in 1988 and is headquartered in Ahmedabad, India.

Fundamental data was last updated by Penke on 2024-03-23 05:31:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Adani Power Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Adani Power Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Net Profit Margin of 27.7% means that ₹0.28 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Adani Power Limited:

  • The MRQ is 27.7%. The company is making a huge profit. +2
  • The TTM is 27.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ27.7%TTM27.7%0.0%
TTM27.7%YOY17.7%+9.9%
TTM27.7%5Y7.5%+20.2%
5Y7.5%10Y-0.4%+7.9%
1.1.2. Return on Assets

Shows how efficient Adani Power Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • 12.5% Return on Assets means that Adani Power Limited generated ₹0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Adani Power Limited:

  • The MRQ is 12.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 12.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ12.5%TTM12.5%0.0%
TTM12.5%YOY6.0%+6.5%
TTM12.5%5Y3.1%+9.4%
5Y3.1%10Y0.3%+2.8%
1.1.3. Return on Equity

Shows how efficient Adani Power Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • 35.9% Return on Equity means Adani Power Limited generated ₹0.36 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Adani Power Limited:

  • The MRQ is 35.9%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 35.9%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ35.9%TTM35.9%0.0%
TTM35.9%YOY26.3%+9.6%
TTM35.9%5Y4.8%+31.1%
5Y4.8%10Y-43.4%+48.1%

1.2. Operating Efficiency of Adani Power Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Adani Power Limited is operating .

  • Measures how much profit Adani Power Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • An Operating Margin of 27.4% means the company generated ₹0.27  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Adani Power Limited:

  • The MRQ is 27.4%. The company is operating very efficient. +2
  • The TTM is 27.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ27.4%TTM27.4%0.0%
TTM27.4%YOY38.1%-10.6%
TTM27.4%5Y25.3%+2.1%
5Y25.3%10Y19.1%+6.2%
1.2.2. Operating Ratio

Measures how efficient Adani Power Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • An Operation Ratio of 0.81 means that the operating costs are ₹0.81 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Adani Power Limited:

  • The MRQ is 0.813. The company is less efficient in keeping operating costs low.
  • The TTM is 0.813. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.813TTM0.8130.000
TTM0.813YOY0.741+0.072
TTM0.8135Y0.815-0.002
5Y0.81510Y0.817-0.002

1.3. Liquidity of Adani Power Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Adani Power Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A Current Ratio of 1.10 means the company has ₹1.10 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Adani Power Limited:

  • The MRQ is 1.102. The company is just able to pay all its short-term debts.
  • The TTM is 1.102. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.102TTM1.1020.000
TTM1.102YOY0.947+0.155
TTM1.1025Y0.904+0.198
5Y0.90410Y0.715+0.189
1.3.2. Quick Ratio

Measures if Adani Power Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Quick Ratio of 0.75 means the company can pay off ₹0.75 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Adani Power Limited:

  • The MRQ is 0.747. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.747. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.747TTM0.7470.000
TTM0.747YOY0.825-0.078
TTM0.7475Y0.688+0.059
5Y0.68810Y0.553+0.135

1.4. Solvency of Adani Power Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Adani Power Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Adani Power Limited to Utilities - Independent Power Producers industry mean.
  • A Debt to Asset Ratio of 0.65 means that Adani Power Limited assets are financed with 65.2% credit (debt) and the remaining percentage (100% - 65.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Adani Power Limited:

  • The MRQ is 0.652. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.652. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.652TTM0.6520.000
TTM0.652YOY0.772-0.120
TTM0.6525Y0.811-0.160
5Y0.81110Y0.869-0.057
1.4.2. Debt to Equity Ratio

Measures if Adani Power Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • A Debt to Equity ratio of 187.3% means that company has ₹1.87 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Adani Power Limited:

  • The MRQ is 1.873. The company is just able to pay all its debts with equity.
  • The TTM is 1.873. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.873TTM1.8730.000
TTM1.873YOY3.383-1.511
TTM1.8735Y5.727-3.855
5Y5.72710Y15.467-9.740

2. Market Valuation of Adani Power Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Adani Power Limited generates.

  • Above 15 is considered overpriced but always compare Adani Power Limited to the Utilities - Independent Power Producers industry mean.
  • A PE ratio of 6.89 means the investor is paying ₹6.89 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Adani Power Limited:

  • The EOD is 19.194. Based on the earnings, the company is fair priced.
  • The MRQ is 6.889. Based on the earnings, the company is cheap. +2
  • The TTM is 6.889. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD19.194MRQ6.889+12.304
MRQ6.889TTM6.8890.000
TTM6.889YOY19.224-12.335
TTM6.8895Y264.602-257.713
5Y264.60210Y125.341+139.261
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Adani Power Limited:

  • The EOD is 39.693. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 14.247. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 14.247. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD39.693MRQ14.247+25.446
MRQ14.247TTM14.2470.000
TTM14.247YOY10.502+3.746
TTM14.2475Y8.628+5.619
5Y8.62810Y5.357+3.271
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Adani Power Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A PB ratio of 2.47 means the investor is paying ₹2.47 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Adani Power Limited:

  • The EOD is 6.891. Based on the equity, the company is overpriced. -1
  • The MRQ is 2.474. Based on the equity, the company is underpriced. +1
  • The TTM is 2.474. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD6.891MRQ2.474+4.418
MRQ2.474TTM2.4740.000
TTM2.474YOY3.817-1.343
TTM2.4745Y2.571-0.097
5Y2.57110Y3.617-1.046
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Adani Power Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--28.96728.9670%14.496+100%15.033+93%6.633+337%
Book Value Per Share--77.45977.4590%48.493+60%39.350+97%25.775+201%
Current Ratio--1.1021.1020%0.947+16%0.904+22%0.715+54%
Debt To Asset Ratio--0.6520.6520%0.772-16%0.811-20%0.869-25%
Debt To Equity Ratio--1.8731.8730%3.383-45%5.727-67%15.467-88%
Dividend Per Share--1.7141.7140%1.529+12%9.674-82%4.981-66%
Eps--27.81127.8110%9.628+189%5.220+433%0.320+8588%
Free Cash Flow Per Share--13.44813.4480%17.626-24%11.792+14%8.746+54%
Free Cash Flow To Equity Per Share---13.538-13.5380%-9.177-32%-5.550-59%-2.572-81%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--223.514--------
Intrinsic Value_10Y_min--84.083--------
Intrinsic Value_1Y_max--15.011--------
Intrinsic Value_1Y_min--8.754--------
Intrinsic Value_3Y_max--50.731--------
Intrinsic Value_3Y_min--26.174--------
Intrinsic Value_5Y_max--93.239--------
Intrinsic Value_5Y_min--43.320--------
Market Cap2058834589081.600+64%738989710131.200738989710131.2000%713919599923.200+4%414775331041.280+78%282193017441.280+162%
Net Profit Margin--0.2770.2770%0.177+56%0.075+269%-0.004+101%
Operating Margin--0.2740.2740%0.381-28%0.253+8%0.191+44%
Operating Ratio--0.8130.8130%0.741+10%0.8150%0.817-1%
Pb Ratio6.891+64%2.4742.4740%3.817-35%2.571-4%3.617-32%
Pe Ratio19.194+64%6.8896.8890%19.224-64%264.602-97%125.341-95%
Price Per Share533.800+64%191.600191.6000%185.100+4%107.540+78%73.165+162%
Price To Free Cash Flow Ratio39.693+64%14.24714.2470%10.502+36%8.628+65%5.357+166%
Price To Total Gains Ratio17.399+64%6.2456.2450%11.551-46%1.201+420%-0.912+115%
Quick Ratio--0.7470.7470%0.825-9%0.688+9%0.553+35%
Return On Assets--0.1250.1250%0.060+109%0.031+300%0.003+4429%
Return On Equity--0.3590.3590%0.263+37%0.048+649%-0.434+221%
Total Gains Per Share--30.68130.6810%16.025+91%24.707+24%11.614+164%
Usd Book Value--3585079200.0003585079200.0000%2244412800.000+60%1821226560.000+97%1192956960.000+201%
Usd Book Value Change Per Share--0.3480.3480%0.174+100%0.180+93%0.080+337%
Usd Book Value Per Share--0.9300.9300%0.582+60%0.472+97%0.309+201%
Usd Dividend Per Share--0.0210.0210%0.018+12%0.116-82%0.060-66%
Usd Eps--0.3340.3340%0.116+189%0.063+433%0.004+8588%
Usd Free Cash Flow--622422000.000622422000.0000%815781600.000-24%545750640.000+14%404809440.000+54%
Usd Free Cash Flow Per Share--0.1610.1610%0.212-24%0.141+14%0.105+54%
Usd Free Cash Flow To Equity Per Share---0.162-0.1620%-0.110-32%-0.067-59%-0.031-81%
Usd Market Cap24706015068.979+64%8867876521.5748867876521.5740%8567035199.078+4%4977303972.495+78%3386316209.295+162%
Usd Price Per Share6.406+64%2.2992.2990%2.221+4%1.290+78%0.878+162%
Usd Profit--1287196800.0001287196800.0000%589389600.000+118%327576720.000+293%56854440.000+2164%
Usd Revenue--4652796000.0004652796000.0000%3325341600.000+40%3433388640.000+36%2955313200.000+57%
Usd Total Gains Per Share--0.3680.3680%0.192+91%0.296+24%0.139+164%
 EOD+4 -4MRQTTM+0 -0YOY+24 -115Y+29 -610Y+29 -6

3.2. Fundamental Score

Let's check the fundamental score of Adani Power Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.194
Price to Book Ratio (EOD)Between0-16.891
Net Profit Margin (MRQ)Greater than00.277
Operating Margin (MRQ)Greater than00.274
Quick Ratio (MRQ)Greater than10.747
Current Ratio (MRQ)Greater than11.102
Debt to Asset Ratio (MRQ)Less than10.652
Debt to Equity Ratio (MRQ)Less than11.873
Return on Equity (MRQ)Greater than0.150.359
Return on Assets (MRQ)Greater than0.050.125
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Adani Power Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.228
Ma 20Greater thanMa 50542.345
Ma 50Greater thanMa 100548.379
Ma 100Greater thanMa 200516.173
OpenGreater thanClose520.000
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Retained Earnings  -119,233,200-28,856,500-148,089,7008,877,400-139,212,30043,387,400-95,824,900100,595,7004,770,800
Net Working Capital  -49,572,70013,613,000-35,959,70025,109,700-10,850,0001,694,000-9,156,00027,240,10018,084,100
Tax Provision  85,40013,10098,50010,089,10010,187,6006,467,90016,655,500-47,174,900-30,519,400
Net Interest Income  -36,033,700-8,272,100-44,305,800-6,757,500-51,063,30010,115,500-40,947,80044,825,4003,877,600
Income Tax Expense  85,40013,10098,50010,089,10010,187,6006,467,90016,655,500-47,174,900-30,519,400
Total Other Income Expense Net -40,968,600-11,079,800-52,048,40019,900,200-32,148,20029,635,000-2,513,2009,978,6007,465,400



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets858,212,700
Total Liabilities559,456,100
Total Stockholder Equity298,756,600
 As reported
Total Liabilities 559,456,100
Total Stockholder Equity+ 298,756,600
Total Assets = 858,212,700

Assets

Total Assets858,212,700
Total Current Assets195,530,000
Long-term Assets662,682,700
Total Current Assets
Cash And Cash Equivalents 3,492,300
Short-term Investments 6,115,400
Net Receivables 116,836,200
Inventory 30,752,000
Other Current Assets 6,171,400
Total Current Assets  (as reported)195,530,000
Total Current Assets  (calculated)163,367,300
+/- 32,162,700
Long-term Assets
Property Plant Equipment 634,233,400
Goodwill 1,906,100
Intangible Assets 120,300
Other Assets 14,402,600
Long-term Assets  (as reported)662,682,700
Long-term Assets  (calculated)650,662,400
+/- 12,020,300

Liabilities & Shareholders' Equity

Total Current Liabilities177,445,900
Long-term Liabilities382,010,200
Total Stockholder Equity298,756,600
Total Current Liabilities
Short-term Debt 85,586,100
Short Long Term Debt 85,494,500
Accounts payable 30,794,500
Other Current Liabilities 32,859,100
Total Current Liabilities  (as reported)177,445,900
Total Current Liabilities  (calculated)234,734,200
+/- 57,288,300
Long-term Liabilities
Long term Debt Total 337,909,200
Capital Lease Obligations 974,800
Long-term Liabilities  (as reported)382,010,200
Long-term Liabilities  (calculated)338,884,000
+/- 43,126,200
Total Stockholder Equity
Common Stock38,569,400
Retained Earnings 4,770,800
Capital Surplus 74,098,300
Other Stockholders Equity 206,248,300
Total Stockholder Equity (as reported)298,756,600
Total Stockholder Equity (calculated)323,686,800
+/- 24,930,200
Other
Capital Stock38,569,400
Cash and Short Term Investments 9,607,700
Common Stock Shares Outstanding 3,856,939
Current Deferred Revenue28,206,200
Liabilities and Stockholders Equity 858,212,700
Net Debt 418,313,500
Net Invested Capital 719,587,600
Net Working Capital 18,084,100
Property Plant and Equipment Gross 872,644,100
Short Long Term Debt Total 421,805,800



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-31
> Total Assets 
28,882,990
79,156,390
179,280,400
349,888,400
513,837,400
549,644,600
587,389,400
584,742,200
693,675,100
715,110,500
695,232,800
679,846,000
750,250,000
785,354,700
819,810,200
858,212,700
858,212,700819,810,200785,354,700750,250,000679,846,000695,232,800715,110,500693,675,100584,742,200587,389,400549,644,600513,837,400349,888,400179,280,40079,156,39028,882,990
   > Total Current Assets 
3,683,420
9,748,950
23,718,387
25,405,000
59,903,600
50,529,700
71,042,300
101,921,400
162,605,800
135,309,300
139,517,300
132,025,300
145,931,800
173,719,100
162,280,700
195,530,000
195,530,000162,280,700173,719,100145,931,800132,025,300139,517,300135,309,300162,605,800101,921,40071,042,30050,529,70059,903,60025,405,00023,718,3879,748,9503,683,420
       Cash And Cash Equivalents 
1,920,970
5,585,470
11,653,907
12,550,700
32,408,000
3,444,600
3,121,500
2,546,300
1,067,800
810,100
2,566,200
245,400
9,506,600
1,136,500
7,823,700
3,492,300
3,492,3007,823,7001,136,5009,506,600245,4002,566,200810,1001,067,8002,546,3003,121,5003,444,60032,408,00012,550,70011,653,9075,585,4701,920,970
       Short-term Investments 
0
0
0
0
90,000
123,600
1,127,800
5,306,900
7,800
6,874,800
1,950,000
27,100
27,900
200,900
1,876,800
6,115,400
6,115,4001,876,800200,90027,90027,1001,950,0006,874,8007,8005,306,9001,127,800123,60090,0000000
       Net Receivables 
0
0
0
0
0
0
43,805,100
68,894,300
124,766,000
101,073,000
111,772,400
100,397,600
87,900,900
141,899,800
129,900,600
116,836,200
116,836,200129,900,600141,899,80087,900,900100,397,600111,772,400101,073,000124,766,00068,894,30043,805,100000000
       Other Current Assets 
1,762,450
4,163,480
11,969,287
10,018,200
19,138,100
31,404,800
53,983,400
77,777,700
145,338,100
110,020,300
128,259,200
119,512,000
111,169,600
10,230,800
96,900
6,171,400
6,171,40096,90010,230,800111,169,600119,512,000128,259,200110,020,300145,338,10077,777,70053,983,40031,404,80019,138,10010,018,20011,969,2874,163,4801,762,450
   > Long-term Assets 
25,199,570
69,407,440
155,562,013
324,483,400
453,933,800
499,114,900
516,347,100
482,820,800
531,069,300
579,801,200
555,715,500
547,820,700
604,318,200
611,635,600
657,529,500
662,682,700
662,682,700657,529,500611,635,600604,318,200547,820,700555,715,500579,801,200531,069,300482,820,800516,347,100499,114,900453,933,800324,483,400155,562,01369,407,44025,199,570
       Property Plant Equipment 
22,445,410
60,972,170
142,237,402
305,705,700
425,241,000
480,567,600
500,143,400
452,558,800
497,631,400
543,177,600
520,602,800
505,743,300
579,910,100
590,878,000
633,413,600
634,233,400
634,233,400633,413,600590,878,000579,910,100505,743,300520,602,800543,177,600497,631,400452,558,800500,143,400480,567,600425,241,000305,705,700142,237,40260,972,17022,445,410
       Goodwill 
0
0
0
0
0
69,500
69,500
69,500
7,366,900
1,906,100
1,906,100
1,906,100
1,906,100
1,906,100
1,906,100
1,906,100
1,906,1001,906,1001,906,1001,906,1001,906,1001,906,1001,906,1007,366,90069,50069,50069,50000000
       Long Term Investments 
0
0
0
0
0
0
100,100
100
100
100
335,200
189,700
0
0
0
0
0000189,700335,200100100100100,100000000
       Intangible Assets 
0
0
13,324,541
18,677,600
15,800
13,900
30,700
81,900
65,700
71,700
61,100
39,000
109,600
123,100
119,800
120,300
120,300119,800123,100109,60039,00061,10071,70065,70081,90030,70013,90015,80018,677,60013,324,54100
       Long-term Assets Other 
2,754,160
8,435,270
70
100,100
28,666,900
18,487,400
17,131,200
35,417,400
26,013,000
41,520,500
33,145,500
40,159,300
-581,925,800
16,273,900
13,529,500
-18,092,800
-18,092,80013,529,50016,273,900-581,925,80040,159,30033,145,50041,520,50026,013,00035,417,40017,131,20018,487,40028,666,900100,100708,435,2702,754,160
> Total Liabilities 
14,472,390
55,516,440
120,476,914
281,352,600
447,834,000
506,710,500
521,955,500
527,496,000
619,909,800
685,114,900
686,387,400
602,723,100
685,445,500
654,228,700
632,775,800
559,456,100
559,456,100632,775,800654,228,700685,445,500602,723,100686,387,400685,114,900619,909,800527,496,000521,955,500506,710,500447,834,000281,352,600120,476,91455,516,44014,472,390
   > Total Current Liabilities 
4,354,420
5,608,280
14,651,941
33,203,000
133,387,600
157,627,700
182,889,800
174,407,300
257,860,200
256,615,000
280,378,100
181,598,000
181,891,500
184,569,100
171,436,700
177,445,900
177,445,900171,436,700184,569,100181,891,500181,598,000280,378,100256,615,000257,860,200174,407,300182,889,800157,627,700133,387,60033,203,00014,651,9415,608,2804,354,420
       Short-term Debt 
0
0
0
0
64,205,000
86,038,400
110,187,500
96,523,000
173,577,000
158,337,600
184,827,200
105,696,200
106,466,500
124,621,100
109,327,500
85,586,100
85,586,100109,327,500124,621,100106,466,500105,696,200184,827,200158,337,600173,577,00096,523,000110,187,50086,038,40064,205,0000000
       Short Long Term Debt 
0
0
0
0
0
0
441,502,300
33,574,500
38,760,800
158,337,600
184,827,200
105,696,200
106,324,200
96,833,200
109,243,600
85,494,500
85,494,500109,243,60096,833,200106,324,200105,696,200184,827,200158,337,60038,760,80033,574,500441,502,300000000
       Accounts payable 
4,158,280
5,141,980
13,594,561
30,360,700
5,608,200
28,677,300
37,508,700
56,846,900
62,907,900
72,542,400
76,263,700
63,617,400
55,960,500
38,031,300
35,082,100
30,794,500
30,794,50035,082,10038,031,30055,960,50063,617,40076,263,70072,542,40062,907,90056,846,90037,508,70028,677,3005,608,20030,360,70013,594,5615,141,9804,158,280
       Other Current Liabilities 
196,140
466,300
1,057,380
2,842,300
63,574,400
42,912,000
35,193,600
21,037,400
21,375,300
25,646,900
19,287,200
11,602,900
2,607,800
8,940,500
5,039,100
32,859,100
32,859,1005,039,1008,940,5002,607,80011,602,90019,287,20025,646,90021,375,30021,037,40035,193,60042,912,00063,574,4002,842,3001,057,380466,300196,140
   > Long-term Liabilities 
10,117,970
49,908,160
105,824,973
248,149,600
314,446,400
349,082,800
339,065,700
353,088,700
362,049,600
428,499,900
406,009,300
421,125,100
503,554,000
469,659,600
461,339,100
382,010,200
382,010,200461,339,100469,659,600503,554,000421,125,100406,009,300428,499,900362,049,600353,088,700339,065,700349,082,800314,446,400248,149,600105,824,97349,908,16010,117,970
       Long term Debt Total 
0
0
0
0
0
0
0
0
356,175,500
366,506,100
345,598,500
364,102,700
446,591,600
400,565,700
379,656,800
337,909,200
337,909,200379,656,800400,565,700446,591,600364,102,700345,598,500366,506,100356,175,50000000000
       Other Liabilities 
0
0
0
0
0
0
7,750,900
2,192,100
67,798,000
61,993,800
60,410,800
57,022,400
56,638,300
69,001,400
81,682,300
0
081,682,30069,001,40056,638,30057,022,40060,410,80061,993,80067,798,0002,192,1007,750,900000000
       Deferred Long Term Liability 
0
0
0
0
0
0
1,799,700
1,600,900
0
0
0
0
0
0
0
0
000000001,600,9001,799,700000000
> Total Stockholder Equity
14,410,600
22,937,000
57,780,135
62,873,200
60,413,100
42,934,100
65,433,900
57,246,200
73,765,300
29,995,600
8,845,400
77,122,900
64,804,400
131,125,900
187,034,400
298,756,600
298,756,600187,034,400131,125,90064,804,40077,122,9008,845,40029,995,60073,765,30057,246,20065,433,90042,934,10060,413,10062,873,20057,780,13522,937,00014,410,600
   Common Stock
5,520,830
18,419,760
21,800,352
21,800,400
21,800,400
23,932,700
28,719,200
28,719,200
33,339,400
38,569,400
38,569,400
38,569,400
38,569,400
38,569,400
38,569,400
38,569,400
38,569,40038,569,40038,569,40038,569,40038,569,40038,569,40038,569,40033,339,40028,719,20028,719,20023,932,70021,800,40021,800,40021,800,35218,419,7605,520,830
   Retained Earnings 
0
0
0
41,072,800
3,914,200
-19,106,000
-22,027,500
-30,215,200
-25,572,500
-86,360,500
-107,510,700
-119,233,200
-148,089,700
-139,212,300
-95,824,900
4,770,800
4,770,800-95,824,900-139,212,300-148,089,700-119,233,200-107,510,700-86,360,500-25,572,500-30,215,200-22,027,500-19,106,0003,914,20041,072,800000
   Capital Surplus 
0
0
0
0
0
0
0
0
62,310,000
74,098,300
74,098,300
74,098,300
74,098,300
74,098,300
74,098,300
74,098,300
74,098,30074,098,30074,098,30074,098,30074,098,30074,098,30074,098,30062,310,00000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
7,402,310
4,620,790
36,650,434
2,799,600
43,661,600
59,379,400
102,114,000
115,486,900
157,138,400
137,843,400
164,695,300
272,092,000
109,429,900
200,248,300
206,248,300
206,248,300
206,248,300206,248,300200,248,300109,429,900272,092,000164,695,300137,843,400157,138,400115,486,900102,114,00059,379,40043,661,6002,799,60036,650,4344,620,7907,402,310



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue387,733,000
Cost of Revenue-271,885,200
Gross Profit115,847,800115,847,800
 
Operating Income (+$)
Gross Profit115,847,800
Operating Expense-43,438,800
Operating Income69,281,60072,409,000
 
Operating Expense (+$)
Research Development993,000
Selling General Administrative2,576,600
Selling And Marketing Expenses0
Operating Expense43,438,8003,569,600
 
Net Interest Income (+$)
Interest Income33,335,000
Interest Expense-30,401,600
Other Finance Cost-944,200
Net Interest Income3,877,600
 
Pretax Income (+$)
Operating Income69,281,600
Net Interest Income3,877,600
Other Non-Operating Income Expenses0
Income Before Tax (EBT)76,747,00061,816,200
EBIT - interestExpense = 75,930,300
76,747,000
137,668,000
Interest Expense30,401,600
Earnings Before Interest and Taxes (EBIT)106,331,900107,148,600
Earnings Before Interest and Taxes (EBITDA)139,368,700
 
After tax Income (+$)
Income Before Tax76,747,000
Tax Provision--30,519,400
Net Income From Continuing Ops107,266,400107,266,400
Net Income107,266,400
Net Income Applicable To Common Shares107,266,400
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses315,324,000
Total Other Income/Expenses Net7,465,400-3,877,600
 

Technical Analysis of Adani Power Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Adani Power Limited. The general trend of Adani Power Limited is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Adani Power Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Adani Power Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 533.75 < 579.80 < 580.00.

The bearish price targets are: 501.55 > 485.00 > 432.50.

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Adani Power Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Adani Power Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Adani Power Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Adani Power Limited. The current macd is -8.41199932.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Adani Power Limited price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Adani Power Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Adani Power Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Adani Power Limited Daily Moving Average Convergence/Divergence (MACD) ChartAdani Power Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Adani Power Limited. The current adx is 31.65.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Adani Power Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Adani Power Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Adani Power Limited. The current sar is 560.57.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Adani Power Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Adani Power Limited. The current rsi is 47.23. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Adani Power Limited Daily Relative Strength Index (RSI) ChartAdani Power Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Adani Power Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Adani Power Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Adani Power Limited Daily Stochastic Oscillator ChartAdani Power Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Adani Power Limited. The current cci is -45.32937937.

Adani Power Limited Daily Commodity Channel Index (CCI) ChartAdani Power Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Adani Power Limited. The current cmo is -2.16657294.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Adani Power Limited Daily Chande Momentum Oscillator (CMO) ChartAdani Power Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Adani Power Limited. The current willr is -57.62155059.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Adani Power Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Adani Power Limited Daily Williams %R ChartAdani Power Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Adani Power Limited.

Adani Power Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Adani Power Limited. The current atr is 21.50.

Adani Power Limited Daily Average True Range (ATR) ChartAdani Power Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Adani Power Limited. The current obv is 1,416,481,705.

Adani Power Limited Daily On-Balance Volume (OBV) ChartAdani Power Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Adani Power Limited. The current mfi is 23.46.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Adani Power Limited Daily Money Flow Index (MFI) ChartAdani Power Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Adani Power Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Adani Power Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Adani Power Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.228
Ma 20Greater thanMa 50542.345
Ma 50Greater thanMa 100548.379
Ma 100Greater thanMa 200516.173
OpenGreater thanClose520.000
Total2/5 (40.0%)
Penke

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