Adani Enterprises Ltd

Adani Enterprises Ltd

₹ 2,462 2.39%
04 May 12:35 p.m.
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 3,20,218 Cr.
  • Current Price 2,462
  • High / Low 2,613 / 1,753
  • Stock P/E 134
  • Book Value 486
  • Dividend Yield 0.05 %
  • ROCE 7.60 %
  • ROE 5.35 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 5.17 times its book value
  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Company has a low return on equity of 9.55% over last 3 years.
  • Earnings include an other income of Rs.12,201 Cr.
  • Dividend payout has been low at 3.06% of profits over last 3 years
  • Debtor days have increased from 48.2 to 65.0 days.
  • Working capital days have increased from 140 days to 268 days

* 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
10,325 11,293 6,342 7,961 9,210 7,801 6,587 6,157 6,165 5,876 5,066 5,304 6,810
9,825 10,709 5,743 7,171 8,275 7,090 5,848 5,532 5,645 5,296 4,400 4,830 6,635
Operating Profit 501 584 599 789 935 711 739 625 519 579 666 474 175
OPM % 5% 5% 9% 10% 10% 9% 11% 10% 8% 10% 13% 9% 3%
283 357 587 378 348 317 353 426 4,364 492 4,272 6,518 919
Interest 142 117 146 168 208 173 206 290 340 350 470 520 409
Depreciation 34 34 35 36 37 38 39 38 41 42 43 46 57
Profit before tax 608 789 1,005 964 1,038 818 847 724 4,503 680 4,425 6,426 628
Tax % 28% 26% 24% 25% 25% 26% 26% 26% 5% 26% 4% 2% 45%
441 587 762 718 777 602 628 535 4,275 504 4,234 6,296 344
EPS in Rs 3.45 4.60 5.97 5.63 6.08 4.72 4.92 4.14 33.07 3.90 32.76 48.70 2.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14,789 8,040 7,733 9,512 15,462 16,101 13,268 26,806 57,844 31,918 26,600 23,056
14,715 7,747 7,164 8,900 14,514 15,355 12,264 25,500 56,040 28,980 24,006 21,162
Operating Profit 75 293 569 612 948 746 1,004 1,306 1,804 2,939 2,593 1,894
OPM % 1% 4% 7% 6% 6% 5% 8% 5% 3% 9% 10% 8%
1,367 1,019 680 435 364 726 179 503 1,202 1,639 5,461 12,201
Interest 929 717 782 666 581 381 506 571 664 638 1,009 1,748
Depreciation 82 79 79 87 101 121 122 125 131 143 155 188
Profit before tax 432 516 389 293 630 970 555 1,113 2,211 3,797 6,891 12,159
Tax % 6% -1% 43% 33% 23% 28% 34% 35% 27% 25% 12% 6%
407 520 222 197 487 699 369 721 1,623 2,844 6,040 11,378
EPS in Rs 3.30 4.22 1.80 1.60 3.96 5.67 2.99 5.85 12.71 22.28 46.73 88.09
Dividend Payout % 38% 8% 20% 22% 9% 16% 30% 15% 8% 5% 2% 1%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: -26%
TTM: -13%
Compounded Profit Growth
10 Years: 18%
5 Years: 37%
3 Years: 13%
TTM: -8%
Stock Price CAGR
10 Years: 47%
5 Years: 14%
3 Years: 9%
1 Year: 8%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 10%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 110 110 110 110 110 110 110 110 114 114 115 129
Reserves 10,168 3,435 3,657 3,798 3,139 3,651 4,018 5,131 13,820 16,526 26,583 62,650
6,024 6,714 7,213 6,683 2,865 3,012 2,919 4,411 3,106 5,893 12,829 11,008
6,339 4,145 3,678 4,820 8,559 7,113 5,945 12,001 23,097 19,648 10,810 8,438
Total Liabilities 22,641 14,404 14,658 15,411 14,673 13,886 12,992 21,652 40,137 42,180 50,338 82,225
898 1,079 1,171 1,263 1,558 1,528 1,428 1,683 1,668 1,540 1,966 2,904
CWIP 270 851 622 414 211 220 453 511 649 752 591 632
Investments 6,954 1,110 3,091 3,009 1,944 2,275 2,465 3,437 9,948 14,071 18,838 28,275
14,519 11,364 9,774 10,725 10,960 9,863 8,646 16,020 27,872 25,817 28,943 50,414
Total Assets 22,641 14,404 14,658 15,411 14,673 13,886 12,992 21,652 40,137 42,180 50,338 82,225

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
220 -704 -156 986 1,908 601 1,557 2,105 11,187 508 -3,732 -3,240
1,863 1,130 646 172 2,397 91 -1,318 -3,126 -16,009 -2,466 -6,466 -15,491
-2,050 -530 -308 -1,145 -4,437 -422 -632 1,066 5,110 2,100 9,941 21,006
Net Cash Flow 33 -105 181 13 -132 270 -392 45 289 142 -257 2,275
Free Cash Flow 100 -881 -292 893 1,694 436 1,185 1,873 10,974 229 -4,555 -4,447
CFO/OP 366% -208% -11% 176% 211% 110% 162% 173% 650% 50% -113% -132%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 94 120 138 101 122 87 73 48 30 48 31 65
Inventory Days 17 32 37 61 55 44 38 77 31 48 37 51
Days Payable 173 175 198 174 229 189 175 170 162 283 185 110
Cash Conversion Cycle -62 -23 -23 -12 -51 -58 -63 -44 -102 -187 -116 6
Working Capital Days 81 90 -17 -20 -8 -14 5 11 6 29 123 268
ROCE % 8% 9% 11% 10% 14% 16% 18% 20% 22% 22% 13% 8%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Integrated Resource Management (IRM) / Coal Trading Volume
MMT

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Mining Services Dispatch Volume (Domestic Coal)
MMT
Solar Module Sales Volume
MW
Airport Passenger Movement
Mn
Solar Cell & Module Capacity
GW
Airport Non-Aero Income per Passenger (IPP)
INR
Road Projects Construction Portfolio
Lane-Km
Wind Turbine Generator (WTG) Manufacturing Capacity
GW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.65% 72.61% 72.61% 72.61% 74.72% 74.89% 73.97% 73.97% 73.97% 73.97% 73.97% 74.67%
19.34% 14.52% 14.65% 14.41% 11.73% 11.31% 11.72% 11.71% 11.55% 11.72% 11.64% 10.80%
5.46% 5.65% 5.44% 5.77% 6.02% 6.46% 6.61% 6.86% 7.04% 6.84% 6.71% 6.70%
7.54% 7.23% 7.30% 7.22% 7.53% 7.36% 7.68% 7.45% 7.44% 7.47% 7.66% 7.84%
No. of Shareholders 6,61,2555,66,2325,61,3095,37,3426,43,9755,84,9286,67,2106,55,9466,21,7396,18,4136,42,6146,64,882

* 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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Documents

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