Adani Power Ltd
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. [1][2]
- Market Cap ₹ 95,633 Cr.
- Current Price ₹ 248
- High / Low ₹ 433 / 105
- Stock P/E
- Book Value ₹ 43.7
- Dividend Yield 0.00 %
- ROCE 3.32 %
- ROE -3.07 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 5.68 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -44.3% over past five years.
- Company has a low return on equity of -4.89% over last 3 years.
- Promoters have pledged 25.0% of their holding.
- Earnings include an other income of Rs.752 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: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,068 | 3,894 | 6,246 | 10,725 | 10,487 | 12,730 | 10,868 | 8,121 | 2,404 | 1,005 | 447 | 581 | 667 | |
828 | 2,801 | 5,494 | 7,147 | 8,025 | 9,189 | 9,604 | 7,233 | 2,417 | 1,044 | 408 | 536 | 612 | |
Operating Profit | 1,241 | 1,093 | 752 | 3,578 | 2,462 | 3,540 | 1,264 | 888 | -13 | -38 | 39 | 45 | 55 |
OPM % | 60% | 28% | 12% | 33% | 23% | 28% | 12% | 11% | -1% | -4% | 9% | 8% | 8% |
80 | 243 | 412 | 483 | 848 | 509 | -3,180 | 1,957 | 1,065 | -92 | 134 | 487 | 752 | |
Interest | 317 | 788 | 1,645 | 3,339 | 2,498 | 2,951 | 3,102 | 2,008 | 1,239 | 1,175 | 644 | 684 | 941 |
Depreciation | 180 | 551 | 1,012 | 1,188 | 881 | 1,137 | 1,121 | 861 | 38 | 35 | 32 | 30 | 30 |
Profit before tax | 824 | -4 | -1,494 | -465 | -69 | -39 | -6,138 | -24 | -225 | -1,341 | -503 | -182 | -163 |
Tax % | 36% | -8,019% | -31% | 228% | 0% | 345% | 1% | 0% | 0% | 0% | 1% | -0% | |
Net Profit | 524 | -294 | -1,952 | 595 | -69 | 97 | -6,054 | -24 | -225 | -1,341 | -499 | -182 | -163 |
EPS in Rs | 2.40 | -1.35 | -8.16 | 2.07 | -0.24 | 0.29 | -15.70 | -0.06 | -0.58 | -3.48 | -1.29 | -0.47 | -0.41 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -17% |
5 Years: | -44% |
3 Years: | -38% |
TTM: | 50% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 6% |
TTM: | 68% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 46% |
3 Years: | 57% |
1 Year: | 134% |
Return on Equity | |
---|---|
10 Years: | -9% |
5 Years: | -7% |
3 Years: | -5% |
Last Year: | -3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,180 | 2,180 | 2,393 | 2,872 | 2,872 | 3,334 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | 3,857 | |
Reserves | 4,143 | 3,849 | 2,256 | 4,915 | 4,844 | 5,690 | 816 | 5,682 | 5,271 | 3,318 | 2,440 | 1,692 | 12,994 |
17,346 | 26,943 | 28,092 | 25,282 | 23,909 | 27,012 | 27,274 | 9,577 | 11,491 | 5,757 | 6,284 | 12,149 | 13,377 | |
1,960 | 3,136 | 5,233 | 5,710 | 6,101 | 9,506 | 9,810 | 586 | 8,309 | 9,598 | 11,827 | 12,068 | 1,310 | |
Total Liabilities | 25,629 | 36,108 | 37,975 | 38,779 | 37,726 | 45,543 | 41,757 | 19,702 | 28,928 | 22,530 | 24,408 | 29,767 | 31,537 |
7,809 | 14,695 | 24,151 | 24,467 | 20,111 | 23,797 | 22,718 | 642 | 603 | 570 | 541 | 512 | 497 | |
CWIP | 12,260 | 9,488 | 613 | 146 | 48 | 39 | 68 | 0 | 0 | 0 | 1 | 0 | 0 |
Investments | 1,671 | 2,325 | 4,928 | 4,916 | 5,627 | 7,662 | 7,740 | 7,768 | 17,157 | 18,216 | 19,359 | 20,901 | 22,269 |
3,889 | 9,600 | 8,282 | 9,250 | 11,940 | 14,045 | 11,231 | 11,292 | 11,168 | 3,744 | 4,508 | 8,354 | 8,771 | |
Total Assets | 25,629 | 36,108 | 37,975 | 38,779 | 37,726 | 45,543 | 41,757 | 19,702 | 28,928 | 22,530 | 24,408 | 29,767 | 31,537 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,450 | 541 | 1,820 | 3,386 | 2,393 | 1,869 | 659 | -333 | -167 | 95 | -288 | -0 | |
-8,410 | -9,047 | 177 | -31 | -2,575 | -3,236 | -555 | -3,565 | -8,285 | 6,816 | 390 | -5,192 | |
6,654 | 8,382 | -2,245 | -3,353 | 180 | 1,330 | -95 | 3,845 | 8,457 | -6,907 | -105 | 5,200 | |
Net Cash Flow | -305 | -125 | -247 | 2 | -2 | -37 | 10 | -52 | 4 | 3 | -3 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 8 | 42 | 39 | 9 | 50 | 150 | 59 | 2 | 2 | 133 | 8 | 65 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 8 | 42 | 39 | 9 | 50 | 150 | 59 | 2 | 2 | 133 | 8 | 65 |
Working Capital Days | -28 | -207 | -275 | -148 | -139 | -45 | -170 | 116 | -147 | -165 | 3 | -11 |
ROCE % | 6% | 3% | 1% | 9% | 7% | 9% | 3% | 2% | 5% | 5% | 1% | 3% |
Documents
Announcements
- Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2022. 1d
- Update To The Earlier Disclosures Made Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI LODR'), For Acquisition Of D B Power Limited 17 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Jan
- Update To The Earlier Disclosures Made Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI LODR'), For Acquisition Of D B Power Limited 31 Dec
- Intimation Under Regulation 44 Of The SEBI (LODR) Regulations, 2015 (''SEBI Listing Regulations'') - Result Of Postal Ballot By Remote E-Voting Process 31 Dec
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Sep 2019TranscriptPPT
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Jun 2019TranscriptPPT
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Apr 2018TranscriptPPT
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May 2017TranscriptPPT
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Jan 2017TranscriptPPT
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Oct 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
Revenue Mix FY22
Power Supply: 98%
Trading goods and others: 2% [1]
Power Capacity
The company has an installed thermal power capacity of 13,650 MW spread across six power plants in Gujarat (4620 MW), Maharashtra (3300 MW), Karnataka (1200 MW), Rajasthan (1320 MW), Madhya Pradesh (1200 MW), and Chhattisgarh (1970 MW). It also has a 40 MW solar power plant in Gujarat. [2]