Multi-environment yield trials and multi-trait stability analyses are essential to identify the superior genotype. The aim of this research was to assess the adaptation and stability of rice genotypes using additive main effect and multiplicative interaction (AMMI) and genotype plus genotype by environment (GGE) biplot analysis and multi-trait stability index (MTSI). In this study, 20 rice genotypes were evaluated for three seasons at the same location during 2020–21. Based on AMMI analysis, the genotypes G22 (Vandana), G32 (IC-0098989), G34 (IC-0135769), G60 (ADT 36), G61 (ADT 37), and G64 (ADT 45) were found to have high yield and were more stable. GGE analysis revealed that the high-yielding and stable genotypes were G22 (Vandana), G34 (IC-0135769), G60 (ADT 36), and G64 (ADT 45). The genotypes G65 (ADT 48), G60 (ADT 36), G38 (IC-0135529), and G33 (IC-0124198) were observed to be stable based on the Multi Trait Stability Index (MTSI). Based on the above, G60 (ADT 36) could be concluded as stable across all seasons, not only based on yield but also other important agronomic traits.