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 ₹ 1,13,981 Cr.
- Current Price ₹ 1,022
- High / Low ₹ 1,250 / 686
- Stock P/E 192
- Book Value ₹ 97.9
- Dividend Yield 0.00 %
- ROCE 6.94 %
- ROE 5.60 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 72.1% CAGR over last 5 years
Cons
- Stock is trading at 10.4 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 3.21% over last 3 years.
- Earnings include an other income of Rs.995 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 23 | 274 | 810 | 835 | 833 | 858 | 755 | 740 | 688 | 1,517 | |
0 | 23 | 208 | 785 | 841 | 848 | 881 | 765 | 742 | 716 | 1,504 | |
Operating Profit | 0 | 0 | 66 | 25 | -5 | -15 | -23 | -10 | -2 | -28 | 13 |
OPM % | 1% | 24% | 3% | -1% | -2% | -3% | -1% | -0% | -4% | 1% | |
0 | 1 | 147 | 799 | 775 | 802 | 796 | 679 | 701 | 615 | 995 | |
Interest | 0 | 19 | 270 | 819 | 794 | 733 | 767 | 690 | 763 | 416 | 348 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | -18 | -57 | 5 | -25 | 54 | 6 | -21 | -65 | 170 | 659 |
Tax % | 0% | 0% | 21% | 0% | 21% | 0% | 0% | 0% | 0% | 10% | |
0 | -18 | -57 | 4 | -25 | 42 | 6 | -21 | -65 | 170 | 595 | |
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 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 26% |
TTM: | 121% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 72% |
3 Years: | 211% |
TTM: | 249% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | -4% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 2% |
3 Years: | 3% |
Last Year: | 6% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 1,090 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,115 | 1,115 |
Reserves | 0 | -18 | 1,149 | 1,021 | 2,753 | 4,059 | 3,711 | 2,987 | 2,877 | 9,211 | 9,806 |
0 | 2,627 | 5,304 | 7,976 | 7,797 | 7,154 | 7,856 | 7,864 | 8,549 | 2,602 | 5,166 | |
0 | 12 | 68 | 683 | 597 | 498 | 268 | 234 | 141 | 38 | 308 | |
Total Liabilities | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 |
0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 9 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 4 |
Investments | 0 | 3,683 | 3,686 | 3,815 | 3,783 | 6,958 | 5,984 | 6,203 | 6,681 | 6,712 | 9,030 |
0 | 28 | 3,934 | 6,964 | 8,463 | 5,852 | 6,948 | 5,981 | 5,984 | 6,246 | 7,352 | |
Total Assets | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | -11 | 57 | -15 | 50 | 23 | -17 | -22 | 3 | -15 | -209 | |
0 | -3,683 | -3,747 | -2,311 | -246 | -266 | 1,971 | 191 | 240 | -1,665 | -2,001 | |
0 | 3,694 | 3,691 | 2,325 | 703 | -234 | -1,184 | -961 | -248 | 1,681 | 2,210 | |
Net Cash Flow | 0 | 0 | 2 | -0 | 506 | -477 | 770 | -793 | -6 | 0 | -0 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | 15 | |
Inventory Days | 4 | ||||||||||
Days Payable | 36 | ||||||||||
Cash Conversion Cycle | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | -18 | |
Working Capital Days | 354 | 142 | 165 | -64 | -101 | 250 | 125 | 350 | 280 | 178 | |
ROCE % | 0% | 4% | 9% | 7% | 7% | 6% | 5% | 6% | 5% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Transcript of Earnings call pertaining to the Audited Financial Results of the Company for Q4 FY 24
- Update On Proposed Acquisition Of Pointleap Projects Private Limited. 3 May
- Intimation For Execution Of Share Purchase Agreement For Acquiring 100% Equity Shares Of Pointleap Projects Private Limited By Adani Electricity Mumbai Limited. 2 May
- Submission Of Audio Recording Of Analysts/Investors' Call And Presentation Pertaining To The Audited Financial Results Of The Company For Q4 FY 24 2 May
Annual reports
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPTREC
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Sep 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Dec 2019TranscriptPPT
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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
Service Portfolio
Power Transmission (31% of revenues): Under this segment, it owns and operates various High voltage AC transmission lines and substations of 132kV, 220kV, 400kV, and 765kV voltage levels and also High Voltage DC transmission lines and substations of +/- 500kV voltage levels.