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LoansJagat Team

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05 May 2025

Adani Stocks List – Full List of Adani Group Companies on the Market

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Think of this: You had bought 100 shares of Adani Enterprises back in 2019 at ₹150 per share. That is ₹15,000 invested. Fast forward to 2024, and the stock was going for around ₹2,700 per share. Your 100 shares are now worth ₹2,70,000. That's a stunning 1700% return over 5 years!


  • Insane returns, right?
  • That is why people are buzzing about Adani stocks.
  • They've made huge plays in energy, logistics, and clean power.

However, there are risks involved, so it is essential to invest wisely.

 

In this blog, we'll tell you what Adani stocks are, why they matter, and how to invest in them even if you're a beginner. Let's discover and make investing simple for you!

 

Note: Adani Group stocks have recently surged, adding approximately ₹40,000 crore to their worth over the past 15 days. The surge pushed Gautam Adani to the top of India's rich list. However, despite this surge, Adani stocks have declined by 21% in the fiscal year 2025.

 

What Are Adani Stocks?

 

Adani shares are stocks of companies which come under the Adani Group, a giant Indian business conglomerate. The group is involved in various sectors like energy, ports, transport, and mining. When you buy Adani shares, you own a tiny part of these companies. This makes you profit if the companies grow or make money, and thus it is an investment in their growth.

 

Why Invest In Adani Stocks?

 

The information below is sourced from an article in The Economic Times.

 

Let’s imagine a man named Ravi, a 35-year-old working professional in Mumbai. In 2020, Ravi had ₹10 lakhs saved up. He decided to split the money between several investments, including mutual funds, gold, and stocks. For the stock part, he put ₹2 lakhs into Adani Enterprises after doing some research.

 

Back then, Adani Enterprises’ stock price was around ₹150. In five years, that ₹150 stock shot up to over ₹2,700, that's a 1700% return! So, Ravi’s ₹2 lakh investment turned into ₹36 lakh. Pretty impressive, right?

 

Now, Ravi is looking at the bigger picture of the Adani Group. Let’s break it down like he would:

 

1. Strong Growth Potential, Like Ravi’s ₹2 lakh turning into ₹36 lakh

 

a) Historical Performance

Adani Enterprises isn’t the only one that’s done well. Most Adani companies have seen major growth in the past five years, especially in infrastructure, ports, and green energy.

 

For example:

  • Adani Green Energy, focused on solar and wind, saw massive gains.
  • Adani Ports became one of India’s biggest port operators.

b) Multiple Industries, One Group

Ravi liked that Adani wasn't a ‘one-business’ company. It has presence in:

  • Energy
  • Ports and Logistics
  • Airports
  • Cement
  • Data Centres. 

 

This means even if one sector struggles, others might still perform, kind of like not putting all your eggs in one basket.

 

2. Long-Term Growth Strategy — Looking Ahead Like a Smart Investor

 

a) Future Projects

Ravi read that Adani is investing big in renewable energy and green hydrogen, two industries that are expected to grow massively by 2030. For example:

  • ₹75,000 crore planned investment in green energy.
  • Solar parks and hydrogen plants are being built in Gujarat and Rajasthan.

b) Strong Financial Position

Adani Power, for example, is now using its steady cash flow to expand instead of relying heavily on debt, a good sign for any investor.

 

c) Dividends

Some Adani companies (like Adani Enterprises) also pay regular dividends, which gave Ravi an extra passive income on top of the share price growth.

 

3. Things Ravi Keeps in Mind: No Investment is Perfect

 

a) Price Fluctuations

Earlier in FY25, Adani stocks experienced a sharp decline due to regulatory and market concerns. However, in the last 15 days alone, the group’s value rose by ₹40,000 crore, illustrating just how quickly things can change.

 

b) Risk Awareness

Ravi makes sure to check:

  • If the stock is fairly priced.
  • If there are any legal or regulatory risks.
  • How transparent the company is about its finances.

c) Company Management

The Adani Group has recently enhanced its corporate governance, introducing more independent directors and improving disclosure practices. Still, Ravi stays updated with news and quarterly reports to be safe.

 

Therefore, just like Ravi’s ₹2 lakh turning into ₹36 lakh, investing in Adani stocks can be rewarding if you think long-term, stay informed, and are ready for ups and downs.

 

Key takeaway:

 

  • Adani companies are bouncing back strong.
  • Gautam Adani gained ₹1 lakh crore recently.
  • Earlier losses are recovering, showing investor confidence returning.

Would you invest like Ravi? 

 

List of Adani Stocks In India:

 

Here’s a list of some Adani Stocks in India, based on financial stability, growth potential, and market performance:

 

NOTE: The following data has been obtained from the official Google Finance website.

 

Stock Name

Market Cap (₹ Cr)

P/E Ratio

Dividend Yield (%)

1-Year Return (%)

ACC Ltd

ACC

355.66B INR

14.81

0.40%

-25.20%

Adani Energy Solutions Ltd

ADANIENSOL

1.10T INR

101.43

-13.48%

Adani Enterprises Ltd

ADANIENT

2.70T INR

73.86

0.06%

-24.36%

Adani Green Energy Ltd

ADANIGREEN

1.46T INR

116.62

-49.03%

Adani Power Ltd

ADANIPOWER

2.12T INR

16.30

-7.74%

AWL Agri Business Ltd

AWL

347.20B INR

29.66

-21.81%

Adani Total Gas Ltd

ATGL

672.01B INR

100.42

0.04%

-33.68%

Ambuja Cements Ltd

AMBUJACEM

1.17T INR

30.06

0.37%

-15.01%

New Delhi Television Ltd

NDTV

7.76B INR

-47.80%

 

Important Key Points:

 

Key Term

Meaning

How It's Calculated

Example

Market Cap

Shows the total value of a company in the stock market.

Share Price × Number of Shares

If share price = ₹100, 
Shares = 1 crore
Market Cap = ₹100 × 1 crore = ₹100 crore

P/E Ratio

Tells how much investors are willing to pay for ₹1 of the company’s earnings.

Share Price ÷ Earnings Per Share (EPS)

If share price = ₹200
EPS = ₹20
then P/E = 200 ÷ 20 = 10

Dividend Yield

Shows how much return you get from dividends compared to the share price.

(Annual Dividend ÷ Share Price) × 100

If dividend = ₹2 and share price = ₹50, dividend yield = (2 ÷ 50) × 100 = 4%

1-Year Return

Shows how much your investment has grown or dropped in one year.

(Gain ÷ Original Investment) × 100

Priya invested ₹40,000, now it's ₹50,000. Gain = ₹10,000 → (10,000 ÷ 40,000) × 100 = 25%

 

Key Factors Affecting Adani Stocks:

 

Imagine a man named Amit, a trader from Delhi. In January 2023, Amit saw Adani Enterprises priced at ₹3,200 and thought, “This company’s stock keeps going up. I should invest.” But within a month, the price dropped to ₹1,500! Amit panicked; he had lost over 50% of his investment.

 

What happened?

 

Hindenburg Research claimed Adani Group overpriced its companies by 85%, saying real value was just 1/7th of the market price. The news shook investor trust, crashed stock prices, halted major projects, and forced banks to demand repayments as shares lost value as loan collateral.

 

Then, suddenly in late February, Adani stocks started rising again. Big investors like GQG Partners invested ₹15,000 crore, bringing back confidence. But the actual business performance hadn’t changed; ports, airports, and energy were still running as usual.

So why did prices rise again? Many believe it’s due to behind-the-scenes financial support, friendly investors, and a need to stop the free fall.

 

Key Points:

 

  • Adani stocks crashed after fraud accusations.
  • Valuations dropped by up to 85%.
  • Accusations included stock manipulation and round-tripping money.
  • Core business stayed the same.
  • Prices recovered after big investors stepped in.

What Changed?

 

Factor

Before Jan 24

After Feb 28

Adani Enterprises Price

₹3,200

₹1,500

Avg. Stock Drop

Up to 85%

Recovered ~30%

GQG Investment

₹0

₹15,000 crore

P/E Ratio (Adani Enterprises)

~200

~112

 

Factors Affecting the Adani Stocks:

 

Factor

Impact

Overvaluation

Made shares risky and overpriced

Short-selling by foreign players

Triggered panic and crash

Loans against shares

Forced asset sales as prices fell

Round-tripping of funds

Created artificial demand in stocks

Cronyism and political backing

Enabled rapid but risky growth

Low actual returns

Investors stopped seeing value

Lack of floating stock

Hard to balance market forces

Global market uncertainty

Reduced confidence in emerging markets

 

Factors To Consider Before Investing In Adani Stocks:

 

The information below is procured from a Times of India article.

 

Rohan, an investor, put ₹5,00,000 into Adani Enterprises in early 2024. He was hopeful because the company was doing well in solar energy and big projects. But by March 2025, his investment dropped to ₹3.8 lakhs, a big 24% loss. 

 

What happened? The Adani Group was accused of paying $250 million in bribes to get solar contracts. This news caused fear among investors. 

 

As a result, ten out of eleven Adani companies’ shares fell. Adani Enterprises, the main company, lost 23.44% in value. This shows how quickly news can affect the stock market and investor money.

 

This example shows that investing in big companies can be tricky and risky. Let’s understand it step by step.

 

Key Factors to Consider Before Investing in Adani Stocks:

 

1. Market and Economic Conditions

  • Investor Mood: Public sentiment is powerful—panic can wipe out market value overnight.
  • Global Events: Geopolitical tensions or international scrutiny can trigger sharp reactions.

2. Adani’s Company-Specific Health

  • Financials: High profits don’t always mean stability—watch for red flags like legal liabilities.
  • Future Plans: Expansion in solar energy may sound great, but how transparent and ethical is the process?

3. Industry Position and Pressure

  • Competition: Rivals in ports, energy, and logistics could take advantage of Adani’s damaged reputation.
  • Regulations: Policy changes or investigations can shift the playing field.

4. Investor Psychology

  • Media Influence: News channels and social media can ignite fear or confidence in seconds.
  • Public Trust: Corporate governance matters—allegations like bribery severely impact trust.

5. Risk and Stock Volatility

  • Legal Risks: Current accusations may take years to resolve, prolonging investor uncertainty.
  • Debt Load: Adani’s aggressive expansion has led to high debt, manageable only with stable revenue.

Investment Checklist:

 

Factor

What to Look For

Rohan’s Mistake

Company Financials

Consistent revenue and low debt

Ignored debt and expansion risks

Market Sentiment

Public trust and leadership integrity

Underestimated governance issues

Industry & Regulations

Favourable policy and market trends

Overlooked regulatory scrutiny

Stock Valuation

Fair P/E ratio compared to peers

Bought during overvaluation

Legal & Media Exposure

News reports, lawsuits, or controversies

Didn’t factor in legal troubles

 

Challenges And Risks In Adani Stocks:

 

The information below is procured from the Economic Times.

 

Imagine you bought a mobile phone for ₹30,000, thinking it had great features. However, within months, reports emerge stating that the phone has battery issues, the company behind it is facing lawsuits, and people are returning it. Its resale value drops to ₹15,000. You’re now unsure if keeping the phone was the right decision.

 

This is precisely what happened with Adani Green Energy. In early FY25, its market value was ₹2.90 lakh crore, but by March, it dropped to ₹1.46 lakh crore, cut nearly in half. This dramatic fall wasn’t just about numbers; it reflected deeper problems that made investors cautious.

 

The Adani Group, once a symbol of rapid growth, now faces multiple risks that connect and compound each other:

 

Key Challenges Investors Are Worried About:

 

1. Legal and Regulatory Trouble

  • Bribery cases and fraud charges in America have tainted the international reputation of Adani.
  • The U.S. SEC says Adani made false statements to investors.
  • Some projects are under review for environmental violations, risking delays or fines.

2. Market Volatility

  • Steep drops in Adani’s share prices reflect a lack of confidence.
  • As one of India’s biggest groups, negative news about Adani shakes the entire market.
  • Many investors now hesitate to put money into its stocks.

3. Management and Financial Concerns

  • Questions around transparency and leadership have raised red flags.
  • High levels of debt put pressure on financial health.
  • A report by Hindenburg Research accused Adani of poor accounting practices.

4. Sector-Specific Risks

  • Renewable energy projects are facing delays and rising costs.
  • Power generation is affected by fuel price changes and tough competition.
  • Infrastructure projects like ports and airports face legal and regulatory risks.

5. Wider Economic Challenges

  • A slowdown in India’s economy could reduce demand for Adani’s services.
  • Rising interest rates make borrowing costlier.
  • Global tensions, wars, or trade restrictions may hurt Adani’s international projects.

Problem Area

Key Risk

Impact on Adani Stocks

Legal Issues

Bribery, fraud, false claims

Investor trust damaged

Market Volatility

Falling share prices

₹3.4 lakh crore market cap lost

Financial Concerns

High debt, leadership doubts

Creditworthiness questioned

Sector Challenges

Delays in green & infra projects

Project returns at risk

Economic Factors

Slowdown, high interest rates, war

Lower growth and global exposure

 

What Is The Future Of Adani Stocks In India?

 

The below information is procured from Financial Express and Economic Times.

Imagine this: In March 2025, mutual funds increased their investment in Adani Green Energy by 114%. That means they bought significantly more shares compared to February 2025, reflecting their belief in the company's growth prospects. 

 

At the same time, other Adani companies, such as Adani Energy Solutions, Adani Enterprises, and Adani Power, experienced investment growth, although not at the same scale. However, not every Adani company was fortunate. Adani Total Gas experienced a sharp decline of 45.67% in investments, and Sanghi Industries saw a drop of 26.46%.

 

This mixed performance tells a larger story about the future of Adani stocks in India. While some mutual funds, including SBI Mutual Fund and ICICI Prudential, continue to bet on the potential of certain Adani companies, the overall picture is complicated.

 

Adani Group stocks have lost nearly 50% of their value in the financial year 2025 alone, resulting in a staggering Rs 3.4 trillion loss in market value.

 

Several key factors have contributed to this decline:

 

  1. Regulatory Scrutiny: Adani Group faced accusations of money laundering and securities forgery, which raised doubts among investors.

  2. Bribery Allegations: A bribery case in the U.S. fueled concerns about the company’s future.

  3. Foreign Investors Pulling Out: Many foreign investors have sold their shares, putting additional downward pressure on stock prices.

  4. Market Challenges: A slow economy in India, rising interest rates, and global geopolitical tensions have hurt key sectors like renewable energy and the gas industries, where Adani has significant investments.

Despite these challenges, Adani is focusing on long-term growth, with new projects in solar energy and green hydrogen. Some early signs suggest a potential recovery, but it’s uncertain whether this is a brief bounce or a genuine turnaround.

 

Here’s a quick look at what the investment situation looks like right now:

 

Company

March 2025 Investment Change

Investment Trend

Loss in FY 2025

Adani Green Energy

+114%

Increased

-50%

Adani Total Gas

-45.67%

Decreased

-45%

Adani Enterprises

+10%

Increased

-40%

Sanghi Industries

-26.46%

Decreased

-35%

Adani Power

+5%

Increased

-30%

 

Some Adani stocks appear promising, but the situation remains unclear. Investors must choose between buying now while prices are low or waiting until the situation improves.

 

How To Invest In Adani Stocks?


Open a DEMAT Account: Begin by opening a DEMAT account and associating it with your current bank account to simplify making transactions.


Sign In: Access your DEMAT account through a mobile app or a web interface.


Select a Stock: Select the stock in which you wish to invest.

 

Verify Funds: Confirm that you have sufficient funds in your bank account to purchase the shares you desire.


Buy the Stock: Take out your money and buy the stock at its quoted price, and specify how much you would like to buy.


Completion of Transaction: When a seller finds your offer acceptable, your transaction will be completed. Your bank account will be debited, and the shares will be credited to your DEMAT account.

 

How to open a Demat Account?


  1. Visit the DP's Website: Go to the official website of your chosen Depository Participant (DP), like Angel One, Groww, Upstox.

  2. Fill out the Form: Enter your details, including name, address, PAN, bank information, and any other required information.

  3. Upload Documents: Please upload scanned copies of your KYC documents, including your PAN card, Aadhaar card, and a clear photo of your signature.

  4. Complete KYC Verification: You may need to complete Aadhaar-based e-KYC or send physical documents for verification.

  5. E-sign the Form: Use an OTP sent to your Aadhaar-linked mobile number to sign the form electronically.


  6. Submit and Track: After submitting, you will receive a reference number that you can use to track your application status.

Conclusion:

 

Adani stocks have immense growth potential, especially in sectors like energy, ports, and infrastructure. With strong historical returns and dominant market positions, they can be good bets for investors who intend to hold on for the long term. However, there are apprehensions, price fluctuations, legal issues, and market sentiments that must be approached with caution. 

 

If you're thinking of investing, do your research, stay updated on news, and approach risks cautiously. It is not difficult to open a DEMAT account, and with a proper strategy, Adani stocks can be a good addition to your portfolio. Invest wisely, and let your money grow!

 

FAQS related to Adani Stocks:

 

Q1: Why are Adani stocks moving upwards?

Adani shares rallied after the Bombay High Court had thrown out allegations against Gautam and Rajesh Adani, clearing them of charges of violation of stock market regulations, increasing investor confidence and market mood.

 

Q2: Is it safe to join the Adani Group?

Adani Group has a 3.6/5 rating based on over 1,100 employee reviews. 65% would recommend it to a friend, and 72% have a positive outlook on the company's future.

 

Q3: Is it safe to invest in Adani shares?

Yes, Adani shares are considered a good long-term investment, driven by consistent growth and a strong focus on future sectors such as renewable energy and infrastructure. However, it's important to manage risks carefully.

 

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We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?

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