Power Grid vs ADANIENSOL: share price, P/E, ROE and financials compared
Power Grid Corporation of India
Adani Energy Solutions
Power Grid and ADANIENSOL at a glance
Power Grid and ADANIENSOL are both listed in Power. Power Grid is the larger by market cap, at ₹2.4L Cr against ₹1.8L Cr for ADANIENSOL (1.4 times as large). On valuation, Power Grid has the lower P/E (14.9× against 47.2×) and the lower price-to-book (2.26× against 5.59×). On returns and margins, Power Grid has the higher ROCE (11.2% against 8.4%), the higher ROE (15.7% against 13.7%) and the higher operating margin (82.3% against 31.2%). Over three years, ADANIENSOL has faster 3-year sales growth (+27.7% against +0.6% a year) and faster 3-year profit growth (+22.0% against +1.1% a year). Power Grid carries less debt for its equity, with a debt-to-equity of 1.46× against 1.70×.
Key metrics, side by side
| Metric | Power GridPOWERGRID | ADANIENSOLADANIENSOL |
|---|---|---|
| Price (₹) | 259.90 | 1,457.40 |
| Market cap (₹ Cr) | 2,41,723 | 1,78,233 |
| P/E | 14.9× (the lower figure, shaded) | 47.2× |
| P/B | 2.26× (the lower figure, shaded) | 5.59× |
| Dividend yield, trailing | 3.46% (the higher figure, shaded) | 0.00% |
| ROE | 15.7% (the higher figure, shaded) | 13.7% |
| ROCE | 11.2% (the higher figure, shaded) | 8.4% |
| Operating margin (OPM) | 82.3% (the higher figure, shaded) | 31.2% |
| Net margin (NPM) | 34.2% (the higher figure, shaded) | 10.9% |
| Sales CAGR 3Y | +0.6% | +27.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +1.1% | +22.0% (the higher figure, shaded) |
| Debt to equity | 1.46× (the lower figure, shaded) | 1.70× |
| Interest cover | 2.8× (the higher figure, shaded) | 1.9× |
| Net profit TTM (₹ Cr) | 16,196 | 3,708 |
| 1Y return | −6.4% | +46.7% (the higher figure, shaded) |
| Promoter holding | – | – |
Power Grid vs ADANIENSOL: common questions
Which is bigger, Power Grid or ADANIENSOL?
By market cap, Power Grid is bigger at ₹2.4L Cr, against ₹1.8L Cr for ADANIENSOL (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹16,196 Cr for Power Grid and ₹3,708 Cr for ADANIENSOL.
Which has a lower P/E ratio, Power Grid or ADANIENSOL?
Power Grid trades at a P/E of 14.9× and ADANIENSOL at 47.2×. Power Grid has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Power Grid or ADANIENSOL?
Power Grid reports a return on equity of 15.7% and ADANIENSOL 13.7%. Power Grid has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Power Grid or ADANIENSOL?
Over the last three years: Sales grew +0.6% a year at Power Grid and +27.7% at ADANIENSOL, so ADANIENSOL grew sales faster; profit grew +1.1% a year at Power Grid and +22.0% at ADANIENSOL, so ADANIENSOL grew profit faster. Past growth doesn’t predict future growth.