Adani Power Ltd

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Adani Power sells power generated from 40 MW solar power project under long term Power Purchase Agreement (PPAs) and also engaged in other commercial activities .

  • Market Cap 30,063 Cr.
  • Current Price 78.0
  • High / Low 78.2 / 23.0
  • Stock P/E
  • Book Value 30.0
  • Dividend Yield 0.00 %
  • ROCE 8.22 %
  • ROE %
  • Face Value 10.0

Pros

  • Company's median sales growth is 21.89% of last 10 years

Cons

  • Stock is trading at 2.60 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.21% over past five years.
  • Promoters have pledged 29.21% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
3,981 3,753 7,104 6,305 6,722 7,805 5,916 6,575 6,172 5,204 7,749 6,895
2,748 2,671 4,851 5,295 6,114 5,121 4,567 5,127 5,968 3,815 3,706 5,272
Operating Profit 1,234 1,082 2,253 1,010 608 2,684 1,349 1,448 205 1,388 4,043 1,623
OPM % 31% 29% 32% 16% 9% 34% 23% 22% 3% 27% 52% 24%
Other Income 180 206 553 362 1,356 -794 901 110 155 152 1,043 204
Interest 1,363 1,362 1,407 1,531 1,357 1,322 1,326 1,423 1,244 1,392 1,364 1,223
Depreciation 681 679 697 682 692 690 765 783 768 783 828 810
Profit before tax -631 -753 702 -840 -84 -122 158 -649 -1,653 -634 2,894 -206
Tax % -1% -10% 45% -40% 854% -116% 98% -8% 21% -8% 23% -40%
Net Profit -653 -825 387 -1,181 635 -263 4 -702 -1,313 -682 2,228 -289
EPS in Rs -1.69 -2.14 1.00 -3.06 1.65 -0.68 0.01 -1.82 -3.40 -1.77 5.78 -0.75
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 427 2,097 4,035 6,692 15,328 18,683 25,377 22,616 20,304 23,884 26,468 26,020
6 183 852 2,664 5,732 10,735 13,541 16,575 16,635 14,898 18,901 20,734 18,762
Operating Profit -6 244 1,246 1,370 960 4,593 5,143 8,802 5,980 5,407 4,983 5,734 7,259
OPM % 57% 59% 34% 14% 30% 28% 35% 26% 27% 21% 22% 28%
Other Income 0 32 11 -42 215 137 724 -201 -3,666 783 2,448 323 1,555
Interest 0 38 255 738 1,703 4,162 4,864 5,560 5,902 5,570 5,657 5,315 5,223
Depreciation 0 35 189 590 1,290 1,937 1,818 2,666 2,672 2,699 2,751 3,006 3,189
Profit before tax -6 203 813 0 -1,818 -1,370 -816 375 -6,260 -2,079 -976 -2,265 402
Tax % 0% 16% 37% 86,718% -26% 79% 0% -47% 1% 0% -1% -0%
Net Profit -5 170 514 -287 -2,295 -291 -816 551 -6,174 -2,103 -984 -2,275 -56
EPS in Rs -0.03 0.78 2.36 -1.32 -9.59 -1.01 -2.84 1.65 -16.01 -5.45 -2.55 -5.90 -0.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:51%
5 Years:7%
3 Years:5%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:1%
3 Years:12%
TTM:-110%
Stock Price CAGR
10 Years:-4%
5 Years:21%
3 Years:45%
1 Year:77%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1,842 2,180 2,180 2,180 2,393 2,872 2,872 3,334 3,857 3,857 3,857 3,933 3,857
Reserves 447 3,598 4,107 3,861 1,900 3,671 2,853 4,134 -857 -2,968 -4,145 -5,992 7,734
Borrowings 4,990 10,586 24,503 38,600 41,795 44,150 44,742 52,729 52,484 52,835 46,980 55,123 51,341
632 1,565 4,199 6,742 8,599 8,045 8,008 15,597 16,027 15,804 21,293 22,037 14,746
Total Liabilities 7,910 17,928 34,989 51,384 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 77,678
337 2,787 8,747 15,804 29,089 46,365 45,080 56,941 54,391 52,137 50,419 55,846 54,238
CWIP 6,589 12,769 20,305 26,721 18,976 3,660 191 88 125 120 350 2,347 3,929
Investments 0 0 10 19 22 115 357 0 164 0 3 3 0
985 2,372 5,927 8,839 6,600 8,599 12,846 18,765 16,831 17,271 17,213 16,830 19,510
Total Assets 7,910 17,928 34,989 51,384 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 77,678

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-3 142 1,439 964 3,001 3,238 5,824 5,257 4,725 5,101 5,610 5,598
-4,523 -7,949 -14,877 -13,474 -4,064 -4,700 -4,737 -2,692 -1,212 -520 -984 -2,304
4,892 8,414 13,247 12,356 861 1,631 -1,144 -2,713 -3,539 -4,600 -4,663 -2,377
Net Cash Flow 366 607 -191 -154 -203 169 -58 -148 -26 -19 -37 917

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -0% 2% 5% 2% -0% 6% 7% 11% 6% 6% 9% 8%
Debtor Days 219 8 41 41 37 68 179 124 109 131 115
Inventory Turnover 35.05 4.73 3.89 4.13 6.56 7.99 9.08 8.66 9.52 15.21 9.39

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
73.07 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97
11.28 9.01 8.75 9.59 10.02 10.54 11.86 12.39 12.38 12.77 12.62 11.57
9.14 8.51 9.77 10.45 10.11 9.64 8.98 8.60 8.29 7.38 5.76 7.32
6.51 7.50 6.50 4.99 4.90 4.85 4.19 4.04 4.35 4.88 6.65 6.14

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