Adani Enterprises Ltd

Adani Enterprises Ltd

₹ 2,294 -0.31%
02 May - close price
About

Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence.[1]

Key Points

Part of Adani Group of companies[1] Incorporated in 1993, Adani Enterprise Ltd. (AEL) is the flagship Company of the Adani Group and acts as the Group’s incubator for new businesses. All the listed companies/businesses viz – Adani Power Ltd., Adani Transmission ltd., Adani Ports and Special Economic Zone Ltd., Adani Gas Ltd, Adani Green Energy Ltd., and Adani Wilmar Ltd. were initially incubated under AEL and are now functioning independently.

  • Market Cap 2,64,792 Cr.
  • Current Price 2,294
  • High / Low 3,744 / 2,025
  • Stock P/E 57.5
  • Book Value 436
  • Dividend Yield 0.06 %
  • ROCE 9.71 %
  • ROE 10.3 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 39.9% CAGR over last 5 years

Cons

  • Stock is trading at 5.26 times its book value
  • Company has a low return on equity of 9.94% over last 3 years.
  • Earnings include an other income of Rs.6,403 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
24,866 40,844 38,175 26,612 28,944 22,644 19,546 25,050 29,180 25,472 22,608 22,848 26,966
23,603 39,102 36,306 24,983 25,337 20,119 17,116 21,824 25,985 21,767 18,842 19,778 23,256
Operating Profit 1,262 1,742 1,869 1,629 3,607 2,525 2,430 3,226 3,195 3,706 3,766 3,070 3,710
OPM % 5% 4% 5% 6% 12% 11% 12% 13% 11% 15% 17% 13% 14%
276 222 266 339 -15 370 461 491 -176 591 583 648 4,582
Interest 622 915 934 596 1,525 1,103 1,343 597 1,513 1,130 910 2,141 1,796
Depreciation 449 417 531 592 895 714 757 760 811 934 1,035 1,006 1,236
Profit before tax 468 632 670 780 1,172 1,079 791 2,361 696 2,232 2,403 572 5,259
Tax % 46% 35% 35% 18% 38% 33% 50% 19% 62% 26% 21% 103% 24%
326 469 432 740 781 677 333 1,973 352 1,772 1,989 229 4,015
EPS in Rs 2.77 4.12 4.04 7.19 6.34 5.91 2.00 16.57 3.95 12.76 15.28 0.50 33.31
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
54,947 64,465 34,008 36,533 35,924 40,379 43,403 39,537 69,420 127,540 96,421 97,895
45,564 52,015 32,325 34,631 33,886 38,409 41,108 37,031 65,707 118,722 85,044 83,643
Operating Profit 9,383 12,450 1,684 1,902 2,038 1,969 2,294 2,506 3,714 8,818 11,377 14,252
OPM % 17% 19% 5% 5% 6% 5% 5% 6% 5% 7% 12% 15%
1,157 792 1,044 749 363 504 872 494 1,012 834 1,146 6,403
Interest 5,703 7,056 1,357 1,257 1,250 1,625 1,572 1,377 2,526 3,969 4,555 5,978
Depreciation 3,223 3,522 314 315 664 390 472 537 1,248 2,436 3,042 4,211
Profit before tax 1,614 2,663 1,056 1,079 487 459 1,122 1,086 952 3,247 4,926 10,466
Tax % -64% 14% 7% 25% 23% 32% 29% 31% 50% 32% 33% 28%
2,646 2,298 1,000 925 594 506 1,040 1,046 788 2,422 3,335 8,005
EPS in Rs 20.19 17.71 9.19 8.98 6.89 6.52 10.35 8.39 7.06 21.61 28.42 61.51
Dividend Payout % 7% 8% 4% 4% 6% 6% 10% 12% 14% 6% 5% 2%
Compounded Sales Growth
10 Years: 4%
5 Years: 18%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 40%
3 Years: 81%
TTM: 31%
Stock Price CAGR
10 Years: 25%
5 Years: 77%
3 Years: 1%
1 Year: -23%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 10%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 110 110 110 110 110 110 110 110 110 114 114 115
Reserves 23,647 25,618 13,268 14,026 14,979 14,646 16,837 17,049 22,147 32,937 38,962 50,199
71,980 83,571 19,169 20,846 17,637 11,243 12,419 16,227 41,604 53,200 65,310 91,819
22,365 21,420 9,132 12,630 23,679 16,537 17,509 18,231 37,726 55,027 56,200 56,002
Total Liabilities 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 141,278 160,586 198,136
70,579 83,834 10,473 13,668 10,555 9,020 10,476 10,838 30,123 56,881 65,978 96,919
CWIP 13,574 6,733 7,705 7,731 5,526 5,765 7,347 8,825 23,544 24,025 35,180 31,857
Investments 288 744 805 1,042 1,461 1,511 1,952 5,503 4,292 6,310 8,701 9,887
33,661 39,407 22,696 25,170 38,864 26,240 27,099 26,451 43,627 54,062 50,728 59,473
Total Assets 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 141,278 160,586 198,136

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8,228 8,532 5,112 774 2,942 3,236 2,454 4,043 1,385 17,626 10,312 4,513
-8,007 -11,465 -1,825 -1,460 -7,649 2,487 -1,082 -8,611 -17,041 -15,459 -18,767 -26,259
-1,109 3,445 -3,448 716 5,120 -6,158 -221 3,109 15,901 -1,198 8,879 21,947
Net Cash Flow -888 512 -161 30 413 -436 1,151 -1,459 246 970 424 202

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 67 87 109 127 123 129 111 111 72 36 37 36
Inventory Days 38 35 17 19 28 29 27 21 46 27 69 73
Days Payable 86 89 69 101 104 133 126 142 120 111 179 148
Cash Conversion Cycle 19 33 57 46 47 26 11 -10 -2 -49 -73 -39
Working Capital Days 11 28 116 88 120 53 47 29 18 -18 -32 -2
ROCE % 7% 9% 3% 7% 6% 7% 9% 8% 7% 9% 10% 10%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.28% 72.62% 72.62% 69.23% 67.65% 72.61% 72.61% 72.61% 74.72% 74.89% 73.97% 73.97%
15.83% 15.59% 15.39% 17.75% 19.34% 14.52% 14.65% 14.41% 11.73% 11.31% 11.72% 11.71%
5.68% 5.33% 5.45% 5.15% 5.46% 5.65% 5.44% 5.77% 6.02% 6.46% 6.61% 6.86%
6.22% 6.46% 6.53% 7.87% 7.54% 7.23% 7.30% 7.22% 7.53% 7.36% 7.68% 7.45%
No. of Shareholders 2,34,3082,63,6092,53,4327,46,6056,61,2555,66,2325,61,3095,37,3426,43,9755,84,9286,67,2106,55,946

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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