Adani Transmission Ltd
Adani Transmission Limited (ATL) belongs to the Adani Group. The Co is a private sector power transmission and distribution company engaged in the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems in India. [1]
- Market Cap ₹ 224,683 Cr.
- Current Price ₹ 2,014
- High / Low ₹ 4,239 / 1,810
- Stock P/E 261
- Book Value ₹ 95.3
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
Cons
- Stock is trading at 21.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1,711 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 131 | 2,194 | 2,876 | 3,944 | 7,305 | 11,416 | 9,926 | 11,258 | 12,270 | |
0 | 29 | 267 | 893 | 1,118 | 4,528 | 7,158 | 5,976 | 7,051 | 8,587 | |
Operating Profit | 0 | 101 | 1,927 | 1,983 | 2,826 | 2,778 | 4,258 | 3,950 | 4,206 | 3,683 |
OPM % | 78% | 88% | 69% | 72% | 38% | 37% | 40% | 37% | 30% | |
0 | 3 | 70 | 22 | 111 | 336 | 261 | 1,115 | 1,286 | 1,711 | |
Interest | 0 | 73 | 957 | 904 | 886 | 1,391 | 2,238 | 2,117 | 2,365 | 2,664 |
Depreciation | 0 | 37 | 560 | 569 | 579 | 882 | 1,174 | 1,329 | 1,427 | 1,514 |
Profit before tax | 0 | -5 | 480 | 532 | 1,472 | 840 | 1,107 | 1,620 | 1,700 | 1,216 |
Tax % | -34% | 23% | 22% | 22% | 33% | 36% | 20% | 27% | ||
Net Profit | 0 | -7 | 368 | 416 | 1,143 | 559 | 706 | 1,290 | 1,236 | 877 |
EPS in Rs | 0.00 | -0.06 | 3.35 | 3.79 | 10.39 | 5.08 | 6.74 | 11.13 | 10.95 | 8.04 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 16% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 29% |
TTM: | -36% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 57% |
3 Years: | 84% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 18% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 1,090 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,115 | |
Reserves | 0 | -7 | 1,572 | 1,847 | 3,108 | 3,535 | 4,120 | 4,990 | 5,757 | 9,520 |
0 | 9,701 | 8,585 | 8,975 | 10,428 | 20,137 | 24,246 | 27,095 | 29,902 | 33,600 | |
0 | 708 | 489 | 890 | 2,629 | 7,787 | 10,246 | 10,049 | 10,705 | 7,328 | |
Total Liabilities | 0 | 11,492 | 11,746 | 12,811 | 17,265 | 32,558 | 39,711 | 43,234 | 47,464 | 51,564 |
0 | 10,573 | 10,060 | 9,853 | 9,291 | 24,412 | 24,924 | 26,987 | 30,272 | 31,300 | |
CWIP | 0 | 10 | 258 | 1,343 | 2,353 | 694 | 2,212 | 5,255 | 5,060 | 5,404 |
Investments | 0 | 0 | 20 | 105 | 0 | 336 | 313 | 442 | 561 | 527 |
0 | 909 | 1,407 | 1,510 | 5,621 | 7,117 | 12,262 | 10,550 | 11,572 | 14,333 | |
Total Assets | 0 | 11,492 | 11,746 | 12,811 | 17,265 | 32,558 | 39,711 | 43,234 | 47,464 | 51,564 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|
0 | -35 | 1,544 | 2,189 | 2,198 | 2,591 | 5,437 | 3,784 | 4,097 | |
0 | -1,864 | -816 | -1,730 | -3,192 | -3,050 | -5,643 | -4,009 | -3,936 | |
0 | 1,902 | -722 | -455 | 1,589 | 38 | 1,250 | -745 | -235 | |
Net Cash Flow | 0 | 3 | 6 | 4 | 596 | -421 | 1,045 | -969 | -75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1,255 | 30 | 24 | 24 | 36 | 32 | 37 | 35 | |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 1,255 | 30 | 24 | 24 | 36 | 32 | 37 | 35 | |
Working Capital Days | -1,768 | 1 | -9 | -22 | -94 | 54 | -5 | -28 | |
ROCE % | 1% | 13% | 12% | 18% | 11% | 12% | 12% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
17 Jan - Acquisition of WRSR Power Transmission Limited from REC Power Development and Consultancy Limited
- Provisional Operational Updates - Q3: FY 23 17 Jan
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Announcement under Regulation 30 (LODR)-Acquisition
16 Jan - Acquisition by way of Incorporation of Adani Transmission Step-Nine Limited
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Announcement under Regulation 30 (LODR)-Acquisition
13 Jan - Incorporation of New Wholly Owned Subsidiaries.
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Announcement under Regulation 30 (LODR)-Acquisition
11 Jan - Acquisition by way of Incorporation of Adani Transmission Step-Five Limited
Annual reports
Concalls
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Feb 2022TranscriptPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Nov 2020TranscriptPPT
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Oct 2020Transcript PPT
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Feb 2020TranscriptPPT
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Dec 2019TranscriptPPT
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Aug 2019Transcript PPT
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May 2019TranscriptPPT
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Sep 2017TranscriptPPT
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Jul 2016TranscriptPPT
Service Portfolio
Power Transmission (31% of revenues): Under this segment, it owns and operates various High voltage AC transmission lines and substations of 132kV, 220kV, 400kV, and 765kV voltage levels and also High Voltage DC transmission lines and substations of +/- 500kV voltage levels.