Adani Enterprises ADANIENT
Solar cell, module and (planned) polysilicon manufacturing via Mundra Solar PV, part of its new-energy incubation portfolio
Mapped in 2 themes: Nifty 50 and Solar Module Manufacturing (ALMM).
Where Adani Enterprises sits in the supply chain
Adani Enterprises appears in 2 supply-chain layers in one theme, Solar Module Manufacturing (ALMM).
Solar Module Manufacturing (ALMM) › Polysilicon, Ingots & Wafers
Emerging entrantOther companies in this layer
Solar Module Manufacturing (ALMM) › Solar Module Assembly
Direct supplierOther companies in this layer
Index membership
Adani Enterprises is in the Nifty 50 (NSE industry: Metals & Mining).
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 96,421 | 97,895 | 1,00,469 |
| Net profit | 3,335 | 8,005 | 9,951 |
Latest-year revenue ₹1.00L Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- One of India's largest integrated solar cell-and-module operations (Mundra Solar PV) with group-level balance sheet support for backward integration
Risks
- Solar manufacturing is one of several incubating new-energy businesses inside a large, diversified Adani Enterprises - not separately disclosed
- Group-level financing/governance scrutiny has periodically pressured Adani group stock sentiment
Common questions
What does Adani Enterprises do?
Solar cell, module and (planned) polysilicon manufacturing via Mundra Solar PV, part of its new-energy incubation portfolio.
Where does Adani Enterprises sit in the supply chain?
Adani Enterprises (NSE: ADANIENT) is mapped in 2 supply-chain layers: Polysilicon, Ingots & Wafers (Solar Module Manufacturing (ALMM)); and Solar Module Assembly (Solar Module Manufacturing (ALMM)).
Who are Adani Enterprises' peers?
In the Solar Module Assembly layer of Solar Module Manufacturing (ALMM): Waaree Energies, Premier Energies, Vikram Solar and Insolation Energy.
What is Adani Enterprises' market cap and valuation?
As of 30 Oct 2026: market cap ₹3.49L Cr, P/E 109.0x, ROCE 5.8%, ROE 4.5%, dividend yield 0.05%.