Adani Enterprises Ltd

₹ 1,573 -0.89%
06 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 179,288 Cr.
  • Current Price 1,573
  • High / Low 4,190 / 1,017
  • Stock P/E 149
  • Book Value 277
  • Dividend Yield 0.06 %
  • ROCE 7.28 %
  • ROE 4.12 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 97.8 to 72.1 days.
  • Company's working capital requirements have reduced from 31.4 days to 17.9 days

Cons

  • Stock is trading at 5.68 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.24% over last 3 years.
  • Dividend payout has been low at 11.9% of profits over last 3 years

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
8,464 10,948 13,429 5,265 9,126 11,620 13,525 12,579 13,218 18,758 24,866 40,844 38,175
8,086 10,191 13,051 5,201 8,361 10,848 12,621 11,782 12,335 17,986 23,603 39,102 36,306
Operating Profit 378 757 378 64 765 772 904 796 883 772 1,262 1,742 1,869
OPM % 4% 7% 3% 1% 8% 7% 7% 6% 7% 4% 5% 4% 5%
33 127 269 237 186 88 -16 152 379 206 276 222 266
Interest 375 323 520 313 304 323 436 443 754 708 622 915 934
Depreciation 110 122 141 125 124 132 156 126 320 354 449 417 531
Profit before tax -75 440 -14 -138 524 404 296 380 189 -84 468 632 670
Tax % 43% 27% 239% -8% 24% 29% 29% 48% 35% -16% 46% 35% 35%
Net Profit -10 383 97 -66 436 343 333 266 195 2 326 469 432
EPS in Rs 0.45 3.88 0.56 0.27 3.29 2.70 2.13 2.47 1.93 -0.11 2.77 4.12 4.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
26,405 39,356 46,375 54,947 64,465 34,008 36,533 35,924 40,379 43,403 39,537 69,420 122,643
22,317 34,355 40,354 45,564 52,015 32,325 34,631 33,886 38,409 41,108 37,031 65,707 116,997
Operating Profit 4,088 5,001 6,021 9,383 12,450 1,684 1,902 2,038 1,969 2,294 2,506 3,714 5,646
OPM % 15% 13% 13% 17% 19% 5% 5% 6% 5% 5% 6% 5% 5%
377 545 1,775 1,157 792 1,044 749 363 504 872 494 1,012 970
Interest 634 1,826 3,492 5,703 7,056 1,357 1,257 1,250 1,625 1,572 1,377 2,526 3,178
Depreciation 559 1,224 2,298 3,223 3,522 314 315 664 390 472 537 1,248 1,751
Profit before tax 3,273 2,496 2,005 1,614 2,663 1,056 1,079 487 459 1,122 1,086 952 1,687
Tax % 14% 19% 39% -64% 14% 7% 25% 23% 32% 29% 31% 50%
Net Profit 2,826 2,020 1,218 2,646 2,298 1,000 925 594 506 1,040 1,046 788 1,229
EPS in Rs 22.51 16.72 14.67 20.19 17.71 9.19 8.98 6.89 6.52 10.35 8.39 7.06 10.82
Dividend Payout % 4% 6% 10% 7% 8% 4% 4% 6% 6% 10% 12% 14%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 20%
TTM: 141%
Compounded Profit Growth
10 Years: -8%
5 Years: -3%
3 Years: 9%
TTM: 7%
Stock Price CAGR
10 Years: 34%
5 Years: 63%
3 Years: 87%
1 Year: -9%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 5%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
110 110 110 110 110 110 110 110 110 110 110 110 114
Reserves 17,617 19,362 21,286 23,647 25,618 13,268 14,026 14,979 14,646 16,837 17,049 20,329 31,438
32,960 69,479 69,332 71,980 83,571 19,169 20,846 17,637 11,243 12,419 16,227 41,604 41,191
12,868 18,010 21,143 22,365 21,420 9,132 12,630 23,679 16,537 17,509 18,231 39,543 50,348
Total Liabilities 63,555 106,960 111,871 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 123,091
17,466 37,735 48,770 70,579 83,834 10,473 13,668 10,555 9,020 10,476 10,838 30,123 44,048
CWIP 25,361 37,221 29,248 13,574 6,733 7,705 7,731 5,526 5,765 7,347 8,825 23,544 15,037
Investments 334 542 323 288 744 805 1,042 1,461 1,511 1,952 5,503 4,292 4,831
20,394 31,463 33,529 33,661 39,407 22,696 25,170 38,864 26,240 27,099 26,451 43,627 59,176
Total Assets 63,555 106,960 111,871 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 123,091

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2,964 645 7,666 8,228 8,532 5,112 774 2,942 3,236 2,454 4,043 1,385
-22,418 -34,827 -14,790 -8,007 -11,465 -1,825 -1,460 -7,649 2,487 -1,082 -8,611 -17,041
20,218 34,872 7,199 -1,109 3,445 -3,448 716 5,120 -6,158 -221 3,109 15,901
Net Cash Flow 765 690 75 -888 512 -161 30 413 -436 1,151 -1,459 246

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 85 87 71 67 87 109 127 123 129 111 111 72
Inventory Days 83 62 40 38 35 17 19 28 29 27 21 46
Days Payable 62 53 66 86 89 69 101 104 133 126 142 120
Cash Conversion Cycle 105 95 45 19 33 57 46 47 26 11 -10 -2
Working Capital Days 61 52 -2 11 28 116 88 120 53 47 29 18
ROCE % 11% 6% 5% 8% 10% 3% 7% 6% 8% 9% 9% 7%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.92 74.92 74.92 74.92 74.92 74.92 74.92 74.92 74.92 72.28 72.62 72.62
20.37 20.08 20.30 20.26 20.51 19.65 18.05 17.25 16.62 15.83 15.59 15.39
1.57 1.61 1.18 1.24 0.83 2.14 3.87 4.96 5.69 5.68 5.33 5.45
3.14 3.39 3.60 3.59 3.74 3.29 3.16 2.87 2.77 6.22 6.46 6.53

* 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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