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Adani Energy SolutionsNSE:ADANIENSOL +2.78%87 Altman Z-Score is 2.52 as of Jul. 15, 2026, which is 34% above its 10-year median of 1.88. GuruFocus rates NSE:ADANIENSOL with a GF Score™ of 87/100 and a GF Value™ of ₹1,443.76 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, Adani Energy Solutions ranks better than 75.18% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 2.48 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Adani Energy Solutions has a Altman Z-Score of 2.52, indicating it is in Grey Zones. This implies that Adani Energy Solutions is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Adani Energy Solutions's Altman Z-Score or its related term are showing as below:
NSE:ADANIENSOL'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.94 Med: 1.88 Max: 4.83
Current: 2.48
During the past 12 years, Adani Energy Solutions's highest Altman Z-Score was 4.83. The lowest was 0.94. And the median was 1.88.
Adani Energy Solutions (NSE:ADANIENSOL) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Adani Energy Solutions Altman Z-Score Related Terms
Adani Energy Solutions Altman Z-Score Historical Data
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The historical data trend for Adani Energy Solutions's Altman Z-Score 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:ADANIENSOL vs CEG, VST, NRG: Altman Z-Score Comparison
For the Utilities - Independent Power Producers subindustry, Adani Energy Solutions's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Energy Solutions's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Adani Energy Solutions's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Adani Energy Solutions (NSE:ADANIENSOL) has a Altman Z-Score of 2.52 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adani Energy Solutions and its competitors. This is 34% above median its historical median of 1.88. Over the past decade, Adani Energy Solutions' Altman Z-Score has ranged from 0.94 to 4.83. According to the industry distribution chart, Adani Energy Solutions ranks #103 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 24.8%.
Is Adani Energy Solutions' Altman Z-Score too high?
Adani Energy Solutions' current Altman Z-Score of 2.52 is 34% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 4.83. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. Adani Energy Solutions' value of 2.52 is 104.9% above this industry median. Based on the distribution chart, Adani Energy Solutions ranks #103 out of 415 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Adani Energy Solutions has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Energy Solutions' Altman Z-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Energy Solutions ranks #103 out of 415 companies for Altman Z-Score. This places Adani Energy Solutions in the top 25% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.23. Adani Energy Solutions' value of 2.52 is 104.9% above this benchmark. Historically, Adani Energy Solutions' own Altman Z-Score has ranged from 0.94 to 4.83 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.23, 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 Altman Z-Score for an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 415 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Energy Solutions's current Altman Z-Score of 2.52 is 104.9% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adani Energy Solutions and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Energy Solutions's current Altman Z-Score is 2.52, which is 34% above median its own 10-year median of 1.88. 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 Modestly Overvalued. The stock's GF Value™ is ₹1,443.76, compared to a current price of ₹1,690.30 — trading 17.1% above its estimated fair value. The current Altman Z-Score is 2.52, which is 34% above median its 10-year median of 1.88 and 104.9% above the Utilities - Independent Power Producers industry median of 1.23. Adani Energy Solutions' overall GF Score™ is 87/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Adani Energy Solutions (NSE:ADANIENSOL), the current Altman Z-Score is 2.52 as of Jul. 15, 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 ₹1,690.30 is trading 17.1% above its estimated GF Value™ of ₹1,443.76.
GuruFocus considers Adani Energy Solutions to be Modestly Overvalued.
Key valuation signals for NSE:ADANIENSOL:
Altman Z-Score: 2.52 (34% above median its 10-year median of 1.88)
GF Value™: ₹1,443.76 vs. price of ₹1,690.30 (17.1% above fair value)
Industry Position: 104.9% above the Utilities - Independent Power Producers median (#103 of 415)
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.
87GF Score
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