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 ₹ 91,264 Cr.
- Current Price ₹ 818
- High / Low ₹ 4,239 / 630
- Stock P/E 72.7
- Book Value ₹ 105
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.77 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.55%
- Company has a low return on equity of 12.8% over last 3 years.
- Earnings include an other income of Rs.1,583 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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 131 | 2,194 | 2,876 | 3,944 | 7,305 | 11,416 | 9,926 | 11,258 | 13,293 | |
0 | 29 | 267 | 893 | 1,118 | 4,528 | 7,158 | 5,976 | 7,051 | 8,775 | |
Operating Profit | 0 | 101 | 1,927 | 1,983 | 2,826 | 2,778 | 4,258 | 3,950 | 4,206 | 4,518 |
OPM % | 78% | 88% | 69% | 72% | 38% | 37% | 40% | 37% | 34% | |
0 | 3 | 70 | 22 | 111 | 336 | 261 | 1,115 | 1,286 | 1,583 | |
Interest | 0 | 73 | 957 | 904 | 886 | 1,391 | 2,238 | 2,117 | 2,365 | 2,781 |
Depreciation | 0 | 37 | 560 | 569 | 579 | 882 | 1,174 | 1,329 | 1,427 | 1,608 |
Profit before tax | 0 | -5 | 480 | 532 | 1,472 | 840 | 1,107 | 1,620 | 1,700 | 1,712 |
Tax % | -34% | 23% | 22% | 22% | 33% | 36% | 20% | 27% | 25% | |
Net Profit | 0 | -7 | 368 | 416 | 1,143 | 559 | 706 | 1,290 | 1,236 | 1,281 |
EPS in Rs | 0.00 | -0.06 | 3.35 | 3.79 | 10.39 | 5.08 | 6.74 | 11.13 | 10.95 | 11.26 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 5% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 21% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | 66% |
1 Year: | -59% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 12% |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 4,957 | 6,943 | 7,399 | 7,819 | 8,813 | 10,547 |
0 | 9,701 | 8,585 | 8,975 | 10,428 | 20,137 | 24,246 | 27,095 | 29,902 | 34,270 | |
0 | 708 | 489 | 890 | 781 | 4,379 | 6,966 | 7,219 | 7,650 | 7,999 | |
Total Liabilities | 0 | 11,492 | 11,746 | 12,811 | 17,265 | 32,558 | 39,711 | 43,234 | 47,464 | 53,932 |
0 | 10,573 | 10,060 | 9,853 | 9,291 | 24,412 | 24,924 | 26,987 | 30,272 | 32,645 | |
CWIP | 0 | 10 | 258 | 1,343 | 2,353 | 694 | 2,212 | 5,255 | 5,060 | 6,200 |
Investments | 0 | 0 | 20 | 105 | 0 | 336 | 313 | 442 | 561 | 1,370 |
0 | 909 | 1,407 | 1,510 | 5,621 | 7,117 | 12,262 | 10,550 | 11,572 | 13,716 | |
Total Assets | 0 | 11,492 | 11,746 | 12,811 | 17,265 | 32,558 | 39,711 | 43,234 | 47,464 | 53,932 |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | -35 | 1,544 | 2,189 | 2,198 | 2,591 | 5,437 | 3,784 | 4,097 | 3,777 | |
0 | -1,864 | -816 | -1,730 | -3,192 | -3,050 | -5,643 | -4,009 | -3,936 | -4,699 | |
0 | 1,902 | -722 | -455 | 1,589 | 38 | 1,250 | -745 | -235 | 923 | |
Net Cash Flow | 0 | 3 | 6 | 4 | 596 | -421 | 1,045 | -969 | -75 | 2 |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1,255 | 30 | 24 | 24 | 36 | 32 | 37 | 35 | 39 | |
Inventory Days | 73 | |||||||||
Days Payable | 870 | |||||||||
Cash Conversion Cycle | 1,255 | 30 | 24 | 24 | 36 | 32 | 37 | 35 | -757 | |
Working Capital Days | -1,768 | 1 | -9 | -22 | -94 | 54 | -5 | -28 | 30 | |
ROCE % | 1% | 13% | 12% | 17% | 10% | 11% | 11% | 11% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 Jun - Transcript of Earnings call pertaining to the Audited Financial Results of the Company for FY 23
- Submission Of Audio Recording Of Analysts/Investors Call And Presentation Pertaining To The Audited Financial Results Of The Company For Q4 FY 23. 30 May
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On May 29, 2023 And Submission Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2023 29 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - Submission of Media Release and Investors' Presentation on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2023
Annual reports
Concalls
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May 2023TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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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 2016TranscriptNotesPPT
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.