Adani Energy Solutions Ltd
AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company.[1]
- Market Cap ₹ 1,02,584 Cr.
- Current Price ₹ 854
- High / Low ₹ 1,348 / 588
- Stock P/E 176
- Book Value ₹ 164
- Dividend Yield 0.00 %
- ROCE 5.13 %
- ROE 3.81 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 69.2% CAGR over last 5 years
Cons
- Stock is trading at 5.28 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 4.07% over last 3 years.
- Earnings include an other income of Rs.1,109 Cr.
- Company has high debtors of 195 days.
- Promoter holding has decreased over last 3 years: -4.97%
* 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.
Peer comparison
Utilities Power Power Power Distribution
Part of BSE 500 BSE 200 Nifty Next 50 Nifty 500 Nifty Energy
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 23 | 274 | 810 | 835 | 833 | 858 | 755 | 740 | 688 | 1,517 | 1,938 | |
0 | 23 | 208 | 785 | 841 | 848 | 881 | 765 | 742 | 716 | 1,504 | 1,889 | |
Operating Profit | 0 | 0 | 66 | 25 | -5 | -15 | -23 | -10 | -2 | -28 | 13 | 49 |
OPM % | 1% | 24% | 3% | -1% | -2% | -3% | -1% | -0% | -4% | 1% | 3% | |
0 | 1 | 147 | 799 | 775 | 802 | 796 | 679 | 701 | 615 | 995 | 1,109 | |
Interest | 0 | 19 | 270 | 819 | 794 | 733 | 767 | 690 | 763 | 416 | 348 | 530 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Profit before tax | 0 | -18 | -57 | 5 | -25 | 54 | 6 | -21 | -65 | 170 | 659 | 627 |
Tax % | 0% | 0% | 21% | 0% | 21% | 0% | 0% | 0% | 0% | 10% | 1% | |
0 | -18 | -57 | 4 | -25 | 42 | 6 | -21 | -65 | 170 | 595 | 618 | |
EPS in Rs | 0.00 | -0.16 | -0.51 | 0.04 | -0.22 | 0.39 | 0.05 | -0.19 | -0.59 | 1.53 | 5.33 | 5.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 56% |
5 Years: | 18% |
3 Years: | 38% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 42% |
5 Years: | 69% |
3 Years: | 123% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | -27% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Equity Capital | 0.05 | 1,090 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,115 | 1,115 | 1,201 |
Reserves | 0 | -18 | 1,149 | 1,021 | 2,753 | 4,059 | 3,711 | 2,987 | 2,877 | 9,211 | 9,806 | 18,497 |
0 | 2,627 | 5,304 | 7,976 | 7,797 | 7,154 | 7,856 | 7,864 | 8,549 | 2,602 | 5,166 | 7,902 | |
0 | 12 | 68 | 683 | 597 | 498 | 268 | 234 | 141 | 38 | 308 | 964 | |
Total Liabilities | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 | 28,564 |
0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 9 | 10 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 4 | 30 |
Investments | 0 | 3,683 | 3,686 | 3,815 | 3,783 | 6,958 | 5,984 | 6,203 | 6,681 | 6,721 | 9,030 | 13,207 |
0 | 28 | 3,934 | 6,964 | 8,463 | 5,852 | 6,948 | 5,981 | 5,984 | 6,237 | 7,352 | 15,318 | |
Total Assets | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 | 28,564 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | -11 | 57 | -15 | 50 | 23 | -17 | -22 | 3 | -15 | -209 | -955 | |
0 | -3,683 | -3,747 | -2,311 | -246 | -266 | 1,971 | 191 | 240 | -1,665 | -2,001 | -9,164 | |
0 | 3,694 | 3,691 | 2,325 | 703 | -234 | -1,184 | -961 | -248 | 1,681 | 2,210 | 10,587 | |
Net Cash Flow | 0 | 0 | 2 | -0 | 506 | -477 | 770 | -793 | -6 | 0 | -0 | 468 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | 55 | 195 | |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | 55 | 195 | |
Working Capital Days | 354 | 142 | 165 | -64 | -101 | 250 | 125 | 350 | 280 | 178 | 183 | |
ROCE % | 0% | 4% | 9% | 7% | 7% | 6% | 5% | 6% | 5% | 7% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16h - AEML repurchased USD 49.5 Mn senior secured notes, lowering outstanding debt to USD 830.5 Mn.
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Announcement under Regulation 30 (LODR)-Credit Rating
9 Jun - Adani Energy received ESG rating of 67 from NSE Sustainability for FY2024, based on public data.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jun - Adani Annual Conference 2025 investor meetings on June 10, presentation available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Newspaper Advertisement - Notice of 12th Annual General Meeting
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Business Responsibility and Sustainability Reporting (BRSR)
31 May - Adani Energy submits FY 2024-25 Business Responsibility and Sustainability Report as per SEBI regulations.
Annual reports
Concalls
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Apr 2025Transcript PPT
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Aug 2019Transcript PPT
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May 2019TranscriptPPT
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Sep 2017TranscriptPPT
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Jul 2016TranscriptNotesPPT
Business Segments
1) Power Distribution (55% in H1 FY25 vs 62% in FY22): [1] [2] The company has a power distribution network of 485 sq km, serving 12 Mn+ consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. It has applied for licenses in 3 new areas including Navi Mumbai and Kutch, near existing DISCOMs in Mumbai and Mundra SEZ, and western UP, spanning Ghaziabad to Jewar-Bulandshahr. [3] [4]