Adani Power Share Price Target & Forecast 2025–2030: A Powerhouse Investment?

Adani Power Share Price Target & Forecast 2025–2030: Adani Power Limited (NSE: ADANIPOWER), India’s largest private thermal power producer, is a key player in the Adani Group’s energy portfolio. As of June 30, 2025, its share price is approximately ₹584.35, with a market cap of ₹225,342 crore, reflecting an 18.34% decline over the past year. Despite recent volatility, Adani Power’s robust expansion plans and strong financials make it a compelling long-term investment. This guide provides detailed share price targets for 2025–2030, blending fundamental and technical analysis to help investors make informed decisions.

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Adani Power Share Price Target & Forecast 2025–2030 A Powerhouse Investment

Adani Power Overview

Incorporated in 1996, Adani Power operates 15,250 MW of thermal power capacity across Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, Madhya Pradesh, and Jharkhand, plus a 40 MW solar plant in Gujarat. The company sells power through long-term Power Purchase Agreements (PPAs), short-term PPAs, and merchant sales, with a focus on expanding to 30,670 MW by 2030. Its Mundra plant (4,620 MW) is India’s largest single-site coal-fired power plant.

Key Company Highlights

Market Leadership: Largest private thermal power producer in India with 17,510 MW total capacity.
Financials: Q4 FY25 net profit of ₹2,636.97 crore (-3.66% YoY), FY25 profit of ₹12,749.61 crore on ₹56,203.09 crore revenue (-2% YoY).
Promoter Holding: 74.96% (Adani Family Trust, Adani Tradline LLP), with FIIs at 12.34% and mutual funds at 1.60%.
Expansion Plans: ₹120,000 crore investment to reach 30,670 MW by 2030, including a 600 MW VIPL acquisition.

Analysts forecast Adani Power’s share price to range between ₹555.25–₹690.60, averaging ₹633.67, implying a 14.12% upside from ₹584.35. Optimistic targets reach ₹680 (Asit C Mehta).

Key Drivers

Capacity Growth: Plans to add 7,000 MW, including a 1,600 MW ultra-supercritical plant in Singrauli.
PPA Resolutions: Legal disputes resolved, securing higher tariffs and compensation.
Brokerage Ratings: InCred Equities (₹649, Add), Asit C Mehta (₹680, Accumulate), ICICI Securities (₹600, Buy).

Technical Outlook

Moving Averages: Trading below 200-day SMA (₹650) but above 50-day SMA (₹580), indicating mixed momentum.
RSI: Neutral at 30–70, suggesting consolidation.
Support/Resistance: Support at ₹542.85–555, resistance at ₹606.80–752.15 (52-week high).

2025 Price Target Table

Period	Low Target	High Target	Average Target
Start of 2025	₹555.25	₹614.52	₹585.00
Mid-2025	₹576.00	₹645.00	₹610.00
End of 2025	₹600.00	₹690.60	₹633.67

In 2026, the share price is projected to range between ₹704.10–₹866.17, averaging ₹785.00.

Growth Catalysts

Power Demand: Government estimates peak demand at 270 GW in summer 2025, boosting merchant prices.
Operational Efficiency: Captive coal mining to reduce costs and improve EBITDA margins.
Renewable Push: Expansion into solar and clean energy to align with sustainability goals.

Risks

Coal Dependence: High reliance on coal exposes it to regulatory and environmental risks.
Volatility: 46% drop from ₹896.75 (June 2024) due to sanctions probe.

By 2027, analysts expect a share price range of ₹873.90–₹1,040.64, averaging ₹960.88.

Key Factors

Capacity Expansion: On track to add 11 GW by 2030, with BHEL coordination for equipment.
Financial Health: 26.75% ROE and 4.47 price-to-book ratio reflect strong performance.
Analyst Sentiment: Jefferies’ ₹660 target with a “Buy” rating.

For 2028, the share price could range between ₹950–₹1,200, averaging ₹1,075.

Strategic Moves

VIPL Acquisition: 600 MW addition by July 2025 for ₹4,000 crore.
Merchant Sales: Improved realizations despite Q4 FY25 decline.
Analyst Outlook: Strong Buy ratings from 2 of 3 analysts.

In 2029, the share price is forecasted to range between ₹1,100–₹1,400, averaging ₹1,250.

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Long-Term Drivers

Power Generation: Surpassed 100 billion units in FY25, a key milestone.
Global Exports: 1,600 MW Godda plant supplies Bangladesh under a 25-year PPA.
Debt Management: Reduced debt via promoter infusions and cash utilization.

By 2030, Adani Power’s share price could range between ₹1,330.52–₹1,764.41, averaging ₹1,500. Optimistic X posts suggest ₹3,500.

Growth Outlook

Capacity Goal: 30,670 MW by 2030, a 1.7x increase from 17,510 MW.
Renewable Integration: Focus on clean energy to mitigate coal risks.
Market Share: 17.99% revenue CAGR over 5 years vs. industry’s 12.92%.

Price Target Summary Table (2025–2030)

Year	Low Target	High Target	Average Target	Key Catalyst
2025	₹555.25	₹690.60	₹633.67	Capacity growth
2026	₹704.10	₹866.17	₹785.00	Power demand
2027	₹873.90	₹1,040.64	₹960.88	Financial health
2028	₹950.00	₹1,200.00	₹1,075.00	VIPL acquisition
2029	₹1,100.00	₹1,400.00	₹1,250.00	Global exports
2030	₹1,330.52	₹1,764.41	₹1,500.00	Renewable integration

Why Invest in Adani Power?

Adani Power’s leadership in thermal power, backed by the Adani Group, and its aggressive expansion plans make it a strong long-term bet. However, coal dependence and regulatory risks require caution.

Investment Advantages

Market Dominance: Largest private thermal power producer with 15,250 MW capacity.
Financial Strength: 26.75% ROE and ₹12,750 crore FY25 profit.
Brokerage Support: ICICI Securities (₹600), Jefferies (₹660), InCred (₹649).
Growth Potential: 30,670 MW target by 2030.

Risks to Consider

Coal Risks: Environmental regulations and volatile coal prices.
Sanctions Probe: US investigation into Adani Group caused a 37% decline.
No Dividends: No payouts despite profits, limiting income-focused investors.

Additional Factors Driving Adani Power’s Growth

Strategic Initiatives

VIPL Acquisition: Adds 600 MW by July 2025.
Renewable Focus: 40 MW solar plant and plans for clean energy expansion.
Godda Plant: 1,600 MW export to Bangladesh under a 25-year PPA.

Macroeconomic Tailwinds

Power Demand: India’s peak demand to hit 270 GW in 2025.
Government Support: Favorable PPA resolutions and infrastructure policies.
Analyst Optimism: Strong Buy ratings and positive X sentiment (e.g., ₹1,100–1,600 targets in 4–5 months).

Technical Analysis Insights

Bullish Signals: Recent 7.69% monthly gain and breakout above ₹542.85.
Resistance Levels: ₹606.80 and ₹752.15 are key hurdles.
Bearish Risk: Daily close below ₹470 could target ₹438.

How to Invest in Adani Power Shares

Open a Demat Account: Use platforms like Zerodha, Upstox, or Angel One.
Analyze Fundamentals: Check P/E (17.42), EPS (₹33.52), and ROE (26.75%).
Monitor Technicals: Use TradingView for RSI and pivot point analysis.
Start Small: Invest ₹5,000–₹10,000 via SIPs to manage volatility.
Consult Advisors: Seek professional guidance due to regulatory risks.

Q1: What is Adani Power’s share price target for 2025?
A: Analysts predict ₹555.25–₹690.60, averaging ₹633.67.

Q2: Is Adani Power a good long-term investment?
A: Yes, due to capacity expansion and financial strength, but coal risks and volatility are concerns.

Q3: Why is Adani Power’s share price volatile?
A: A 46% drop from ₹896.75 (June 2024) due to a US sanctions probe and coal price fluctuations.

Q4: What are Adani Power’s growth drivers?
A: Capacity growth to 30,670 MW, PPA resolutions, and renewable integration.

Q5: What is Adani Power’s P/E ratio?
A: 17.42, a 9% premium to the sector’s 15.96.

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Q6: Does Adani Power pay dividends?
A: No, it has not paid dividends despite profits.

Q7: What is Adani Power’s share price target for 2030?
A: Projected at ₹1,330.52–₹1,764.41, averaging ₹1,500.

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Disclaimer: Stock market investments carry risks. Past performance does not guarantee future results. Consult a financial advisor before investing.