Adani Enterprises Ltd

Adani Enterprises Ltd

₹ 3,264 1.20%
14 Jun 4:01 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 3,72,132 Cr.
  • Current Price 3,264
  • High / Low 3,744 / 2,142
  • Stock P/E 106
  • Book Value 343
  • Dividend Yield 0.04 %
  • ROCE 9.87 %
  • ROE 9.73 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 42.8% CAGR over last 5 years
  • Debtor days have improved from 48.4 to 37.1 days.

Cons

  • Stock is trading at 9.53 times its book value
  • Company has a low return on equity of 8.33% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
13,525 12,579 13,218 18,758 24,866 40,844 38,175 26,612 28,944 25,438 22,517 25,050 29,180
12,621 11,782 12,335 17,986 23,603 39,102 36,306 24,983 25,337 22,914 20,087 21,824 25,985
Operating Profit 904 796 883 772 1,262 1,742 1,869 1,629 3,607 2,524 2,430 3,226 3,195
OPM % 7% 6% 7% 4% 5% 4% 5% 6% 12% 10% 11% 13% 11%
-16 152 379 206 276 222 266 339 -15 371 461 491 -176
Interest 436 443 754 708 622 915 934 596 1,525 1,103 1,343 597 1,513
Depreciation 156 126 320 354 449 417 531 592 895 714 757 760 811
Profit before tax 296 380 189 -84 468 632 670 780 1,172 1,079 791 2,361 696
Tax % 29% 48% 35% -16% 46% 35% 35% 18% 38% 33% 50% 19% 62%
333 266 195 2 326 469 432 740 781 677 333 1,973 352
EPS in Rs 2.13 2.47 1.93 -0.11 2.77 4.12 4.04 7.19 6.34 5.91 2.00 16.57 3.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
46,375 54,947 64,465 34,008 36,533 35,924 40,379 43,403 39,537 69,420 127,540 96,421
40,354 45,564 52,015 32,325 34,631 33,886 38,409 41,108 37,031 65,707 118,722 85,044
Operating Profit 6,021 9,383 12,450 1,684 1,902 2,038 1,969 2,294 2,506 3,714 8,818 11,377
OPM % 13% 17% 19% 5% 5% 6% 5% 5% 6% 5% 7% 12%
1,775 1,157 792 1,044 749 363 504 872 494 1,012 834 1,146
Interest 3,492 5,703 7,056 1,357 1,257 1,250 1,625 1,572 1,377 2,526 3,969 4,555
Depreciation 2,298 3,223 3,522 314 315 664 390 472 537 1,248 2,436 3,042
Profit before tax 2,005 1,614 2,663 1,056 1,079 487 459 1,122 1,086 952 3,247 4,926
Tax % 39% -64% 14% 7% 25% 23% 32% 29% 31% 50% 32% 33%
1,218 2,646 2,298 1,000 925 594 506 1,040 1,046 788 2,422 3,335
EPS in Rs 14.67 20.19 17.71 9.19 8.98 6.89 6.52 10.35 8.39 7.06 21.61 28.42
Dividend Payout % 10% 7% 8% 4% 4% 6% 6% 10% 12% 14% 6% 5%
Compounded Sales Growth
10 Years: 6%
5 Years: 19%
3 Years: 35%
TTM: -24%
Compounded Profit Growth
10 Years: 5%
5 Years: 43%
3 Years: 48%
TTM: 32%
Stock Price CAGR
10 Years: 34%
5 Years: 85%
3 Years: 28%
1 Year: 31%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 8%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 110 110 110 110 110 110 110 110 110 110 114 114
Reserves 21,286 23,647 25,618 13,268 14,026 14,979 14,646 16,837 17,049 22,147 32,937 38,962
69,332 71,980 83,571 19,169 20,846 17,637 11,243 12,419 16,227 41,604 53,200 65,310
21,143 22,365 21,420 9,132 12,630 23,679 16,537 17,509 18,231 37,726 55,027 56,200
Total Liabilities 111,871 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 141,278 160,586
48,770 70,579 83,834 10,473 13,668 10,555 9,020 10,476 10,838 30,123 56,881 65,978
CWIP 29,248 13,574 6,733 7,705 7,731 5,526 5,765 7,347 8,825 23,544 24,025 35,180
Investments 323 288 744 805 1,042 1,461 1,511 1,952 5,503 4,292 6,310 8,701
33,529 33,661 39,407 22,696 25,170 38,864 26,240 27,099 26,451 43,627 54,062 50,728
Total Assets 111,871 118,102 130,718 41,679 47,611 56,405 42,536 46,875 51,617 101,586 141,278 160,586

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7,666 8,228 8,532 5,112 774 2,942 3,236 2,454 4,043 1,385 17,626 10,312
-14,790 -8,007 -11,465 -1,825 -1,460 -7,649 2,487 -1,082 -8,611 -17,041 -15,459 -18,767
7,199 -1,109 3,445 -3,448 716 5,120 -6,158 -221 3,109 15,901 -1,198 8,879
Net Cash Flow 75 -888 512 -161 30 413 -436 1,151 -1,459 246 970 424

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 71 67 87 109 127 123 129 111 111 72 36 37
Inventory Days 40 38 35 17 19 28 29 27 21 46 27 69
Days Payable 66 86 89 69 101 104 133 126 142 120 111 179
Cash Conversion Cycle 45 19 33 57 46 47 26 11 -10 -2 -49 -73
Working Capital Days -2 11 28 116 88 120 53 47 29 18 -18 -32
ROCE % 5% 7% 9% 3% 7% 6% 7% 9% 8% 7% 9% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.92% 74.92% 74.92% 74.92% 72.28% 72.62% 72.62% 69.23% 67.65% 72.61% 72.61% 72.61%
19.65% 18.05% 17.25% 16.62% 15.83% 15.59% 15.39% 17.75% 19.34% 14.52% 14.65% 14.41%
2.14% 3.87% 4.96% 5.69% 5.68% 5.33% 5.45% 5.15% 5.46% 5.65% 5.44% 5.77%
3.29% 3.16% 2.87% 2.77% 6.22% 6.46% 6.53% 7.87% 7.54% 7.23% 7.30% 7.22%
No. of Shareholders 2,22,6852,14,5882,45,6112,26,0712,34,3082,63,6092,53,4327,46,6056,61,2555,66,2325,61,3095,37,342

* 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

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