Adani Energy SolutionsNSE:ADANIENSOL +0.76%88 ROA % is 2.95% as of Mar. 2026, which is 15% above its 10-year median of 2.57. GuruFocus rates NSE:ADANIENSOL with a GF Score™ of 88/100 and a GF Value™ of ₹1,428.30 (Fairly Valued). The stock has 9 warning signs investors should review. Among 447 Utilities - Independent Power Producers companies, Adani Energy Solutions ranks better than 64.88% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Adani Energy Solutions's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹27,351 Mil.
Adani Energy Solutions's average Total Assets over the quarter that ended in Mar. 2026 was ₹928,349 Mil. Therefore, Adani Energy Solutions's annualized ROA % for the quarter that ended in Mar. 2026 was 2.95%.
The historical rank and industry rank for Adani Energy Solutions's ROA % or its related term are showing as below:
NSE:ADANIENSOL'
s ROA % Range Over the Past 10 Years
Min: 1.6 Med: 2.57 Max: 7.6
Current: 2.74
During the past 12 years, Adani Energy Solutions's highest ROA % was 7.60%. The lowest was 1.60%. And the median was 2.57%.
NSE:ADANIENSOL's ROA % is ranked better than 64.88% of 447
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13
vs NSE:ADANIENSOL: 2.74
Adani Energy Solutions (NSE:ADANIENSOL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Utilities - Independent Power Producers subindustry, Adani Energy Solutions's ROA %, along with its competitors' market caps and ROA % 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 Energy Solutions ROA % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Energy Solutions's ROA % distribution charts can be found below:
* The bar in red indicates where Adani Energy Solutions's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Adani Energy Solutions (NSE:ADANIENSOL) has a ROA % of 2.95% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Adani Energy Solutions and its competitors. This is 15% above median its historical median of 2.57. Over the past decade, Adani Energy Solutions' ROA % has ranged from 1.60 to 7.60. According to the industry distribution chart, Adani Energy Solutions ranks #157 out of 447 companies in the Utilities - Independent Power Producers industry, placing it in the top 35.1%.
Is Adani Energy Solutions' ROA % too high?
Adani Energy Solutions' current ROA % of 2.95% is 15% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 7.60. The Utilities - Independent Power Producers industry median ROA % is 1.13. Adani Energy Solutions' value of 2.95% is 161.1% above this industry median. Based on the distribution chart, Adani Energy Solutions ranks #157 out of 447 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Adani Energy Solutions has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adani Energy Solutions' ROA % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Energy Solutions ranks #157 out of 447 companies for ROA %. This puts Adani Energy Solutions in the upper half of its industry. The industry median ROA % is 1.13. Adani Energy Solutions' value of 2.95% is 161.1% above this benchmark. Historically, Adani Energy Solutions' own ROA % has ranged from 1.60 to 7.60 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 1.13, Adani Energy Solutions 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 ROA % for an Utilities - Independent Power Producers company?
The median ROA % among Utilities - Independent Power Producers companies is 1.13, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Energy Solutions's current ROA % of 2.95% is 161.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Adani Energy Solutions and its competitors. For the Utilities - Independent Power Producers industry, the median ROA % is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Energy Solutions's current ROA % is 2.95%, which is 15% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, Adani Energy Solutions (NSE:ADANIENSOL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,428.30, compared to a current price of ₹1,568.80 — trading 9.8% above its estimated fair value. The current ROA % is 2.95%, which is 15% above median its 10-year median of 2.57 and 161.1% above the Utilities - Independent Power Producers industry median of 1.13. Adani Energy Solutions' overall GF Score™ is 88/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Adani Energy Solutions (NSE:ADANIENSOL), the current ROA % is 2.95% 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 Energy Solutions (NSE:ADANIENSOL) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Energy Solutions stock appears to be overvalued.
The current stock price of ₹1,568.80 is trading 9.8% above its estimated GF Value™ of ₹1,428.30.
GuruFocus considers Adani Energy Solutions to be Fairly Valued.
Key valuation signals for NSE:ADANIENSOL:
ROA %: 2.95% (15% above median its 10-year median of 2.57)
GF Value™: ₹1,428.30 vs. price of ₹1,568.80 (9.8% above fair value)
Industry Position: 161.1% above the Utilities - Independent Power Producers median (#157 of 447)
No single metric tells the full story. See the NSE:ADANIENSOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Energy Solutions Ltd operates in India and deals in the trading of various bullions and other commodities. It has entered into business opportunities through Optical Ground Wire (OPGW) fibres on transmission lines with the ambition of expanding its telecom solutions to Telcos, Internet Service Providers, and long-distance communication operators. The commercialization of the network is carried out through leasing spare capacities to communication players. It also offers utility services related to telecommunications and fibre connectivity, and business operations include the construction and development of transmission infrastructure assets. It operates through the Transmission, Distribution, Smart Meter, Trading, and Others segments, with Distribution generating the maximum revenue.
88GF Score
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