Adani Enterprises Ltd

Adani Enterprises Ltd

₹ 3,328 1.66%
26 Feb - 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 3,79,364 Cr.
  • Current Price 3,328
  • High / Low 3,344 / 1,103
  • Stock P/E 148
  • Book Value 133
  • Dividend Yield 0.04 %
  • ROCE 22.1 %
  • ROE 17.4 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 40.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.8%
  • Debtor days have improved from 48.8 to 25.4 days.
  • Company's working capital requirements have reduced from 35.8 days to 16.6 days

Cons

  • Stock is trading at 25.0 times its book value
  • Earnings include an other income of Rs.1,619 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: Trading Industry: Trading

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,079 4,712 4,990 4,967 8,060 8,808 20,318 22,137 12,142 12,727 11,293 9,313 11,247
3,744 4,273 4,546 4,516 8,049 8,407 19,757 21,608 11,900 12,246 10,709 8,714 10,456
Operating Profit 335 438 443 451 11 400 562 529 242 481 584 599 791
OPM % 8% 9% 9% 9% 0% 5% 3% 2% 2% 4% 5% 6% 7%
25 -92 103 129 115 156 223 301 373 299 357 587 377
Interest 151 130 115 131 145 181 151 161 210 142 117 146 168
Depreciation 30 30 30 30 31 33 32 33 32 34 34 35 36
Profit before tax 179 185 402 419 -50 342 601 635 373 604 789 1,005 965
Tax % 35% 32% 36% 35% 27% 34% 26% 26% 28% 27% 26% 24% 26%
117 127 257 274 -36 227 443 469 270 441 587 762 718
EPS in Rs 1.07 1.15 2.33 2.49 -0.33 2.06 3.89 4.12 2.37 3.87 5.15 6.68 6.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5,282 11,891 11,742 14,789 8,040 7,733 9,512 15,462 16,101 13,268 26,806 67,282 44,580
5,175 11,731 12,488 14,715 7,747 7,164 8,900 14,514 15,355 12,264 25,500 65,468 42,125
Operating Profit 107 160 -746 75 293 569 612 948 746 1,004 1,306 1,814 2,455
OPM % 2% 1% -6% 1% 4% 7% 6% 6% 5% 8% 5% 3% 6%
475 811 1,204 1,367 1,019 680 435 364 726 179 503 1,196 1,619
Interest 165 302 761 929 717 782 666 581 381 506 571 665 573
Depreciation 30 58 59 82 79 79 87 101 121 122 125 131 139
Profit before tax 387 611 -362 432 516 389 293 630 970 555 1,113 2,214 3,363
Tax % 7% 15% 51% 6% -1% 43% 33% 23% 28% 34% 35% 27%
362 520 -179 407 520 222 197 487 699 369 721 1,623 2,508
EPS in Rs 3.29 4.73 -1.62 3.70 4.73 2.02 1.79 4.43 6.35 3.35 6.55 14.23 22.00
Dividend Payout % 30% 30% -86% 38% 8% 20% 22% 9% 16% 30% 15% 8%
Compounded Sales Growth
10 Years: 19%
5 Years: 48%
3 Years: 61%
TTM: -30%
Compounded Profit Growth
10 Years: 16%
5 Years: 40%
3 Years: 53%
TTM: 82%
Stock Price CAGR
10 Years: 43%
5 Years: 91%
3 Years: 59%
1 Year: 153%
Return on Equity
10 Years: 8%
5 Years: 15%
3 Years: 16%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 110 110 110 110 110 110 110 110 110 110 110 114 114
Reserves 9,892 10,257 9,924 10,168 3,435 3,657 3,798 3,139 3,651 4,018 5,131 13,820 15,032
1,563 5,270 6,953 6,024 6,714 7,213 6,683 2,865 3,012 2,919 4,411 3,106 4,682
2,607 4,666 5,570 6,339 4,145 3,678 4,820 8,559 7,113 5,945 12,001 23,097 17,401
Total Liabilities 14,172 20,303 22,557 22,641 14,404 14,658 15,411 14,673 13,886 12,992 21,652 40,137 37,230
916 917 924 898 1,079 1,171 1,263 1,558 1,528 1,428 1,683 1,668 1,619
CWIP 145 163 255 270 851 622 414 211 220 453 511 649 590
Investments 3,628 4,067 6,552 6,954 1,110 3,091 3,009 1,944 2,275 2,465 3,437 9,948 10,522
9,483 15,156 14,827 14,519 11,364 9,774 10,725 10,960 9,863 8,646 16,020 27,872 24,498
Total Assets 14,172 20,303 22,557 22,641 14,404 14,658 15,411 14,673 13,886 12,992 21,652 40,137 37,230

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-258 -137 588 220 -704 -156 986 1,908 601 1,557 2,105 11,187
-725 -2,967 -1,051 1,863 1,130 646 172 2,397 91 -1,318 -3,126 -16,009
984 3,227 392 -2,050 -530 -308 -1,145 -4,437 -422 -632 1,066 5,110
Net Cash Flow 1 122 -71 33 -105 181 13 -132 270 -392 45 289

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 127 114 97 94 120 138 101 122 87 73 48 25
Inventory Days 54 27 39 17 32 37 61 55 44 38 77 26
Days Payable 162 138 180 173 175 198 174 229 189 175 170 135
Cash Conversion Cycle 18 3 -44 -62 -23 -23 -12 -51 -58 -63 -44 -84
Working Capital Days 210 89 124 146 277 214 171 37 24 48 43 17
ROCE % 5% 5% 2% 8% 9% 11% 10% 14% 16% 18% 20% 22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.92% 74.92% 74.92% 74.92% 74.92% 72.28% 72.62% 72.62% 69.23% 67.65% 72.61% 72.61%
20.51% 19.65% 18.05% 17.25% 16.62% 15.83% 15.59% 15.39% 17.75% 19.34% 14.52% 14.65%
0.83% 2.14% 3.87% 4.96% 5.69% 5.68% 5.33% 5.45% 5.15% 5.46% 5.65% 5.44%
3.74% 3.29% 3.16% 2.87% 2.77% 6.22% 6.46% 6.53% 7.87% 7.54% 7.23% 7.30%
No. of Shareholders 1,48,9232,22,6852,14,5882,45,6112,26,0712,34,3082,63,6092,53,4327,46,6056,61,2555,66,2325,61,309

* 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.

Documents

Concalls