Adani Power Ltd

Adani Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Power Ltd

₹ 592 -0.69%
25 Apr 4:01 p.m.
adani.com BSE: 533096 NSE : ADANIPOWER
About

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]

Key Points

Business Overview
Adani Power is a part of Adani Group. It is India’s largest private thermal power producer with a current capacity of 15210 MW at its 8 power plants. [1]

Market Position
In terms of output, the Company accounted for 6% of India’s total power generation from thermal power plants and 16% of all the power generated by private sector thermal power plants as of FY23. [2]

Website BSE NSE
  • Market Cap ₹ 2,28,619 Cr.
  • Current Price ₹ 592
  • High / Low ₹ 647 / 210
  • Stock P/E 9.80
  • Book Value ₹ 105
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 44.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 48.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
  • Company's working capital requirements have reduced from 103 days to 74.2 days

Cons

  • Stock is trading at 5.64 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.9,966 Cr.
  • Promoter holding has decreased over last 3 years: -3.22%

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
6,895 6,374 6,569 5,184 5,361 10,598 13,723 7,044 7,764 10,242 11,006 12,991 12,991
5,272 4,759 4,921 4,020 3,590 5,366 8,003 6,096 6,295 8,335 7,491 7,819 8,346
Operating Profit 1,623 1,614 1,648 1,163 1,771 5,232 5,720 948 1,470 1,907 3,514 5,171 4,645
OPM % 24% 25% 25% 22% 33% 49% 42% 13% 19% 19% 32% 40% 36%
204 528 644 388 233 2,710 1,786 1,402 526 553 7,103 1,945 364
Interest 1,223 1,127 1,068 976 1,015 1,035 823 818 946 746 883 888 797
Depreciation 810 782 774 785 784 774 816 833 838 817 935 1,004 1,002
Profit before tax -206 234 450 -210 204 6,133 5,866 699 212 898 8,800 5,224 3,210
Tax % -40% 94% 38% -10% -7% 24% 19% 0% 96% -484% 0% -26% 15%
-289 13 278 -231 218 4,645 4,780 696 9 5,242 8,759 6,594 2,738
EPS in Rs -0.75 0.03 0.72 -0.60 0.57 12.04 12.39 1.80 0.02 13.59 22.71 17.10 7.10
Raw PDF
Upcoming result date: 1 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
4,035 6,692 15,328 18,683 25,377 22,616 20,304 23,884 26,468 26,221 27,711 38,773 47,230
2,661 5,732 10,735 14,005 16,575 16,635 14,868 18,901 20,734 17,533 17,830 28,677 31,991
Operating Profit 1,373 960 4,593 4,678 8,802 5,980 5,436 4,983 5,734 8,688 9,881 10,096 15,238
OPM % 34% 14% 30% 25% 35% 26% 27% 21% 22% 33% 36% 26% 32%
-45 215 137 1,188 -201 -3,666 754 2,448 323 1,909 3,908 4,216 9,966
Interest 738 1,703 4,162 4,864 5,560 5,902 5,570 5,657 5,315 5,106 4,095 3,334 3,314
Depreciation 590 1,290 1,937 1,818 2,666 2,672 2,699 2,751 3,006 3,202 3,118 3,304 3,758
Profit before tax 0 -1,818 -1,370 -816 375 -6,260 -2,079 -976 -2,265 2,289 6,577 7,675 18,131
Tax % 86,718% -26% 79% 0% -47% 1% 0% -1% -0% 45% 25% -40%
-294 -2,295 -291 -816 551 -6,174 -2,103 -984 -2,275 1,270 4,912 10,727 23,334
EPS in Rs -1.32 -9.59 -1.01 -2.84 1.65 -16.01 -5.45 -2.55 -5.90 3.29 12.73 27.81 60.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 14%
3 Years: 14%
TTM: 21%
Compounded Profit Growth
10 Years: 21%
5 Years: 48%
3 Years: 120%
TTM: 130%
Stock Price CAGR
10 Years: 28%
5 Years: 65%
3 Years: 89%
1 Year: 180%
Return on Equity
10 Years: 11%
5 Years: 24%
3 Years: 34%
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,180 2,393 2,872 2,872 3,334 3,857 3,857 3,857 3,857 3,857 3,857 3,857 3,857
Reserves 3,862 1,900 3,671 2,853 4,134 -857 -2,968 3,855 2,624 9,256 14,600 25,772 36,652
Preference Capital 0 0 0 0 0 0 0 0 76 88 401 416
38,600 41,795 44,150 44,742 52,729 52,484 52,835 46,980 55,123 52,430 48,744 42,181 32,367
6,741 8,599 8,045 8,008 15,597 16,027 15,804 13,293 13,422 13,263 14,780 14,012 16,833
Total Liabilities 51,384 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 89,709
15,804 29,089 46,365 45,080 56,941 54,391 52,137 50,419 55,846 52,851 53,274 51,451 65,501
CWIP 26,721 18,976 3,660 191 88 125 120 350 2,347 6,439 10,270 12,880 461
Investments 19 22 115 357 0 164 0 3 3 20 183 654 110
8,839 6,600 8,599 12,846 18,765 16,831 17,271 17,213 16,830 19,495 18,254 20,836 23,638
Total Assets 51,384 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 89,709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
964 3,001 3,238 5,824 5,257 4,725 5,101 5,610 5,598 7,014 10,233 8,431
-13,474 -4,064 -4,700 -4,737 -2,692 -1,212 -520 -984 -2,304 -2,188 774 1,545
12,356 861 1,631 -1,144 -2,713 -3,539 -4,600 -4,663 -2,377 -5,655 -10,338 -10,408
Net Cash Flow -154 -203 169 -58 -148 -26 -19 -37 917 -828 669 -433

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 41 41 37 68 179 124 109 131 115 165 126 109
Inventory Days
Days Payable
Cash Conversion Cycle 41 41 37 68 179 124 109 131 115 165 126 109
Working Capital Days -378 -430 -131 -38 40 -5 -7 18 31 136 98 74
ROCE % 2% -0% 6% 7% 11% 6% 6% 9% 7% 12% 16% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 70.02% 71.75% 71.75%
11.54% 11.17% 11.03% 11.31% 12.56% 13.23% 12.88% 11.70% 11.95% 17.51% 15.86% 15.91%
5.53% 5.53% 5.53% 5.56% 5.00% 0.00% 0.00% 0.01% 0.04% 0.76% 1.18% 1.41%
7.96% 8.33% 8.46% 8.15% 7.47% 11.80% 12.15% 13.32% 13.04% 11.72% 11.20% 10.93%
No. of Shareholders 9,81,56110,05,56511,42,69711,74,86315,02,71314,76,87214,88,29517,90,67516,70,03615,03,34714,60,76714,26,249

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls