Adani Energy Solutions Ltd

Adani Energy Solutions Ltd

₹ 993 1.06%
10 Oct 4:01 p.m.
About

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]

Key Points

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.

  • Market Cap 1,19,281 Cr.
  • Current Price 993
  • High / Low 1,348 / 686
  • Stock P/E 322
  • 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 9.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.63%
  • 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.765 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
42 67 298 332 83 175 271 158 14 202 885 416 114
44 64 299 335 85 181 273 178 18 209 868 409 112
Operating Profit -1 3 -1 -3 -1 -5 -2 -19 -4 -6 17 7 1
OPM % -3% 4% -0% -1% -2% -3% -1% -12% -27% -3% 2% 2% 1%
164 166 161 210 177 177 137 124 425 193 201 175 195
Interest 182 190 190 201 193 140 35 48 56 81 103 108 120
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -19 -21 -30 6 -17 32 99 56 365 105 114 74 77
Tax % -0% -0% -0% -0% -0% -0% -0% 0% 18% -0% -0% -0% -0%
-19 -21 -30 6 -17 32 99 56 301 105 114 74 77
EPS in Rs -0.17 -0.20 -0.27 0.05 -0.15 0.29 0.89 0.50 2.70 0.94 1.02 0.67 0.69
Raw PDF

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 TTM
-0 23 274 810 835 833 858 755 740 688 1,517 1,617
-0 23 208 785 841 848 881 765 742 716 1,504 1,598
Operating Profit -0 0 66 25 -5 -15 -23 -10 -2 -28 13 18
OPM % 1% 24% 3% -1% -2% -3% -1% -0% -4% 1% 1%
-0 1 147 799 775 802 796 679 701 615 995 765
Interest -0 19 270 819 794 733 767 690 763 416 348 412
Depreciation -0 -0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -18 -57 5 -25 54 6 -21 -65 170 659 371
Tax % -0% -0% 21% -0% 21% -0% -0% -0% 0% 10%
-0 -18 -57 4 -25 42 6 -21 -65 170 595 371
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 3.32
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 26%
TTM: 161%
Compounded Profit Growth
10 Years: %
5 Years: 72%
3 Years: 211%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: 35%
3 Years: -17%
1 Year: 23%
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 6,721 9,030
0 28 3,934 6,964 8,463 5,852 6,948 5,981 5,984 6,237 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
Days Payable
Cash Conversion Cycle 412 102 50 13 4 41 0 0 1 15
Working Capital Days 354 142 165 -64 -101 250 125 350 280 178
ROCE % 0% 4% 9% 7% 7% 6% 5% 6% 5% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Aug 2024
74.92% 74.92% 73.87% 73.87% 74.19% 71.64% 68.27% 73.22% 73.22% 73.22% 74.95% 69.59%
20.80% 20.57% 20.01% 19.93% 19.32% 21.04% 19.65% 17.74% 17.49% 17.49% 15.53% 19.23%
2.92% 3.21% 3.43% 3.59% 3.78% 3.80% 3.82% 3.87% 3.82% 3.80% 3.97% 5.33%
1.36% 1.30% 2.70% 2.61% 2.72% 3.51% 8.26% 5.17% 5.46% 5.49% 5.54% 5.84%
No. of Shareholders 95,73188,9411,25,7331,27,0951,52,4323,22,8514,26,1354,21,0574,76,6264,78,1254,93,6214,54,140

* 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.

Click on the line-items to see the names of individual entities.

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