Adani PowerNSE:ADANIPOWER -0.87%78 Pretax Margin % is 30.82% as of Mar. 2026, which is 113% above its 10-year median of 14.47. GuruFocus rates NSE:ADANIPOWER with a GF Score™ of 78/100 and a GF Value™ of ₹133.37 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 422 Utilities - Independent Power Producers companies, Adani Power ranks better than 81.52% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Adani Power's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹43,840 Mil. Adani Power's Revenue for the
three
months ended in Mar. 2026 was ₹142,231 Mil. Therefore, Adani Power's pretax margin for the quarter that ended in Mar. 2026 was 30.82%.
The historical rank and industry rank for Adani Power's Pretax Margin % or its related term are showing as below:
NSE:ADANIPOWER'
s Pretax Margin % Range Over the Past 10 Years
Min: -27.74 Med: 14.47 Max: 41.54
Current: 28.58
NSE:ADANIPOWER's Pretax Margin % is ranked better than 81.52% of 422
companies
in the Utilities - Independent Power Producers industry
Industry Median: 8.655
vs NSE:ADANIPOWER: 28.58
Adani Power (NSE:ADANIPOWER) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Adani Power Pretax Margin % Related Terms
Adani Power Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Adani Power's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ADANIPOWER vs CEG, VST, NRG: Pretax Margin % Comparison
For the Utilities - Independent Power Producers subindustry, Adani Power's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Adani Power Pretax Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Adani Power's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Adani Power (NSE:ADANIPOWER) has a Pretax Margin % of 30.82% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adani Power and its competitors. This is 113% above median its historical median of 14.47. According to the industry distribution chart, Adani Power ranks #78 out of 422 companies in the Utilities - Independent Power Producers industry, placing it in the top 18.5%.
Is Adani Power's Pretax Margin % too high?
Adani Power's current Pretax Margin % of 30.82% is 113% above median its 10-year median of 14.47. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.66. Adani Power's value of 30.82% is 256.1% above this industry median. Based on the distribution chart, Adani Power ranks #78 out of 422 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Adani Power has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Power's Pretax Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Power ranks #78 out of 422 companies for Pretax Margin %. This places Adani Power in the top 19% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 8.66. Adani Power's value of 30.82% is 256.1% above this benchmark. While the company's 10-year median is 14.47 vs. the industry median of 8.66, Adani Power has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Utilities - Independent Power Producers company?
The median Pretax Margin % among Utilities - Independent Power Producers companies is 8.66, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Power's current Pretax Margin % of 30.82% is 256.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adani Power and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Power's current Pretax Margin % is 30.82%, which is 113% above median its own 10-year median of 14.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Power stock overvalued right now?
Based on GuruFocus' analysis, Adani Power (NSE:ADANIPOWER) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹133.37, compared to a current price of ₹219.85 — trading 64.8% above its estimated fair value. The current Pretax Margin % is 30.82%, which is 113% above median its 10-year median of 14.47 and 256.1% above the Utilities - Independent Power Producers industry median of 8.66. Adani Power's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Adani Power (NSE:ADANIPOWER), the current Pretax Margin % is 30.82% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adani Power (NSE:ADANIPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Power stock appears to be overvalued.
The current stock price of ₹219.85 is trading 64.8% above its estimated GF Value™ of ₹133.37.
GuruFocus considers Adani Power to be Significantly Overvalued.
Key valuation signals for NSE:ADANIPOWER:
Pretax Margin %: 30.82% (113% above median its 10-year median of 14.47)
GF Value™: ₹133.37 vs. price of ₹219.85 (64.8% above fair value)
Industry Position: 256.1% above the Utilities - Independent Power Producers median (#78 of 422)
No single metric tells the full story. See the NSE:ADANIPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Power Ltd sells power under long term / medium term / short term Power Purchase Agreement (PPAs), Supplemental Power Purchase Agreement (SPPAs), on merchant basis and also engaged in trading, investment and other business activities incidental and ancillary to power generation and sales. Its business activities revolve around development and operations of power generation plants including related activities and trading, investment and other activities as two segments. The company generates majority of revenue from Power Generation and related activities. It has presence Within India, and Outside India (Bangladesh). The company generates majority of revenue from India.
78GF Score
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