Adani Enterprises Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹2,688 (NSE: ADANIENT, BSE: 512599). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Finology, Republic and Free Press Journal. Price and consolidated figures from StockAnalysis.

Adani Enterprises is the Adani group’s incubator: it owns airports, new energy (solar modules), mining services, copper, roads and data centres. In Q2 FY27 EBITDA rose 62% to ₹6,316 crore and income 74% to ₹38,023 crore. Reported profit fell about 55% to ₹1,492 crore, but only because last year included a large one-off gain from selling its stake in AWL Agri Business. At ₹2,688 it trades at about 66× trailing earnings.

1. Adani Enterprises Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 19% a year from today's ₹2,688 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of ₹40.95 (₹2,688 ÷ ~65.6× P/E). It is down from a year earlier because the AWL stake-sale gain has dropped out.
• Bear case: EPS grows 8% a year, P/E 35×. New businesses take longer to earn returns and the group discount widens.
• Base case: EPS grows 22% a year, P/E 50×. Airports, solar and copper ramp up, lifting EPS strongly; P/E falls from ~66×.
• Bull case: EPS grows 30% a year, P/E 60×. Several incubated businesses scale quickly and are listed separately at high valuations.

Worked example (base, 2027): ₹40.95 × 1.22 × 1.22 = ₹60.95 FY28 EPS → × 50 = ₹3,050.

Sensitivity — 2030 base-case EPS of ₹110.68 at different multiples:

3. Latest Results: What Changed

What changed: the operating businesses are growing fast — EBITDA up 62% — led by copper, airports and new energy. Airport passenger traffic fell 6%, but EBITDA still rose. Headline profit fell only because of last year’s one-off gain.

What it means for the targets: the base case assumes 22% EPS growth as heavy investments start earning, with the multiple falling.

4. Adani Enterprises Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹2,688 on 13 Nov 2026, within a 52-week range of ₹1,753 – ₹3,245. The stock trades about 17% below its 52-week high.

5. Adani Enterprises Share Price Target 2027: ₹1,670 – ₹4,150 (Base ₹3,050)

Based on FY28 EPS of ₹47.76 / ₹60.95 / ₹69.21 (bear / base / bull). What to watch: EBITDA growth in airports, new energy and copper.

6. Adani Enterprises Share Price Target 2028: ₹1,810 – ₹5,400 (Base ₹3,720)

Based on FY29 EPS of ₹51.59 / ₹74.36 / ₹89.97 (bear / base / bull). What to watch: debt and capex, which are very large.

7. Adani Enterprises Share Price Target 2029: ₹1,950 – ₹7,020 (Base ₹4,540)

Based on FY30 EPS of ₹55.71 / ₹90.72 / ₹116.96 (bear / base / bull). What to watch: any listings of incubated businesses (for example airports).

8. Adani Enterprises Share Price Target 2030: ₹2,110 – ₹9,120 (Base ₹5,530)

Based on FY31 EPS of ₹60.17 / ₹110.68 / ₹152.04 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Segment Snapshot

11. Risks That Would Break the Base Case

• Debt and capex: the group is investing heavily across many businesses at once.
• Group risk: news about the wider Adani group has moved the stock sharply in the past.
• Execution: airports, copper and solar all need to scale profitably.
• Valuation: ~66× trailing earnings prices in strong growth.

12. What the Numbers Suggest

Adani Enterprises is a high-growth, high-investment holding company. The variable to track is EBITDA from new businesses versus debt. If returns arrive, the base case (₹5,530 by 2030) is reasonable; delays or group-level shocks point to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Adani Enterprises Share Price

What is the Adani Enterprises share price target for 2027?
Our base case is ₹3,050, assuming 22% annual EPS growth and a 50× P/E. The range is ₹1,670 (bear) to ₹4,150 (bull).

What is the Adani Enterprises share price target for 2030?
Base case ₹5,530; range ₹2,110 to ₹9,120. It assumes FY31 EPS of about ₹110.68.

Why did Adani Enterprises’ profit fall in Q2 FY27?
The year-ago quarter included a large one-off gain from selling its AWL Agri Business stake; EBITDA actually rose 62%.

What businesses does Adani Enterprises own?
Airports, new energy (solar), mining services, copper, roads, data centres and more.

What is Adani Enterprises’ solar module capacity?
About 10 GW after adding 4.3 GW in September 2026.

Is Adani Enterprises stock expensive?
At about 66× trailing earnings it trades at a high multiple, reflecting expected growth.