Adani Enterprises Ltd
Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence.[1]
- Market Cap ₹ 2,92,492 Cr.
- Current Price ₹ 2,534
- High / Low ₹ 3,351 / 2,025
- Stock P/E 112
- Book Value ₹ 231
- Dividend Yield 0.05 %
- ROCE 12.9 %
- ROE 12.1 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 41.2% CAGR over last 5 years
Cons
- Stock is trading at 11.0 times its book value
- The company has delivered a poor sales growth of 10.6% over past five years.
- Earnings include an other income of Rs.5,461 Cr.
- Working capital days have increased from 81.3 days to 168 days
* 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
Commodities Metals & Mining Metals & Minerals Trading Trading - Minerals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11,742 | 14,789 | 8,040 | 7,733 | 9,512 | 15,462 | 16,101 | 13,268 | 26,806 | 57,844 | 31,918 | 26,600 | |
12,488 | 14,715 | 7,747 | 7,164 | 8,900 | 14,514 | 15,355 | 12,264 | 25,500 | 56,040 | 28,980 | 24,006 | |
Operating Profit | -746 | 75 | 293 | 569 | 612 | 948 | 746 | 1,004 | 1,306 | 1,804 | 2,939 | 2,593 |
OPM % | -6% | 1% | 4% | 7% | 6% | 6% | 5% | 8% | 5% | 3% | 9% | 10% |
1,204 | 1,367 | 1,019 | 680 | 435 | 364 | 726 | 179 | 503 | 1,202 | 1,639 | 5,461 | |
Interest | 761 | 929 | 717 | 782 | 666 | 581 | 381 | 506 | 571 | 664 | 638 | 1,009 |
Depreciation | 59 | 82 | 79 | 79 | 87 | 101 | 121 | 122 | 125 | 131 | 143 | 155 |
Profit before tax | -362 | 432 | 516 | 389 | 293 | 630 | 970 | 555 | 1,113 | 2,211 | 3,797 | 6,891 |
Tax % | -51% | 6% | -1% | 43% | 33% | 23% | 28% | 34% | 35% | 27% | 25% | 12% |
-179 | 407 | 520 | 222 | 197 | 487 | 699 | 369 | 721 | 1,623 | 2,844 | 6,040 | |
EPS in Rs | -1.62 | 3.70 | 4.73 | 2.02 | 1.79 | 4.43 | 6.35 | 3.35 | 6.55 | 14.23 | 24.95 | 52.33 |
Dividend Payout % | -86% | 38% | 8% | 20% | 22% | 9% | 16% | 30% | 15% | 8% | 5% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 11% |
3 Years: | 0% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 41% |
3 Years: | 54% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 44% |
5 Years: | 76% |
3 Years: | 5% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 114 | 114 | 115 |
Reserves | 9,924 | 10,168 | 3,435 | 3,657 | 3,798 | 3,139 | 3,651 | 4,018 | 5,131 | 13,820 | 16,526 | 26,583 |
6,953 | 6,024 | 6,714 | 7,213 | 6,683 | 2,865 | 3,012 | 2,919 | 4,411 | 3,106 | 5,893 | 12,829 | |
5,570 | 6,339 | 4,145 | 3,678 | 4,820 | 8,559 | 7,113 | 5,945 | 12,001 | 23,097 | 19,648 | 10,810 | |
Total Liabilities | 22,557 | 22,641 | 14,404 | 14,658 | 15,411 | 14,673 | 13,886 | 12,992 | 21,652 | 40,137 | 42,180 | 50,338 |
924 | 898 | 1,079 | 1,171 | 1,263 | 1,558 | 1,528 | 1,428 | 1,683 | 1,668 | 1,540 | 1,966 | |
CWIP | 255 | 270 | 851 | 622 | 414 | 211 | 220 | 453 | 511 | 649 | 752 | 591 |
Investments | 6,552 | 6,954 | 1,110 | 3,091 | 3,009 | 1,944 | 2,275 | 2,465 | 3,437 | 9,948 | 14,071 | 18,838 |
14,827 | 14,519 | 11,364 | 9,774 | 10,725 | 10,960 | 9,863 | 8,646 | 16,020 | 27,872 | 25,817 | 28,943 | |
Total Assets | 22,557 | 22,641 | 14,404 | 14,658 | 15,411 | 14,673 | 13,886 | 12,992 | 21,652 | 40,137 | 42,180 | 50,338 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
588 | 220 | -704 | -156 | 986 | 1,908 | 601 | 1,557 | 2,105 | 11,187 | 508 | -3,732 | |
-1,051 | 1,863 | 1,130 | 646 | 172 | 2,397 | 91 | -1,318 | -3,126 | -16,009 | -2,466 | -6,466 | |
392 | -2,050 | -530 | -308 | -1,145 | -4,437 | -422 | -632 | 1,066 | 5,110 | 2,100 | 9,941 | |
Net Cash Flow | -71 | 33 | -105 | 181 | 13 | -132 | 270 | -392 | 45 | 289 | 142 | -257 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 94 | 120 | 138 | 101 | 122 | 87 | 73 | 48 | 30 | 48 | 31 |
Inventory Days | 39 | 17 | 32 | 37 | 61 | 55 | 44 | 38 | 77 | 31 | 48 | 37 |
Days Payable | 180 | 173 | 175 | 198 | 174 | 229 | 189 | 175 | 170 | 162 | 283 | 185 |
Cash Conversion Cycle | -44 | -62 | -23 | -23 | -12 | -51 | -58 | -63 | -44 | -102 | -187 | -116 |
Working Capital Days | 124 | 146 | 277 | 214 | 171 | 37 | 24 | 48 | 43 | 19 | 57 | 168 |
ROCE % | 2% | 8% | 9% | 11% | 10% | 14% | 16% | 18% | 20% | 22% | 22% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Adani Enterprises schedules investor meetings June 10, 16-18, 2025; presentation available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Jun - Notice to the Equity shareholder of the company for transfer of Equity Share to the IEPF Suspense Account of FY 2017-18
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Jun - Adani Airports secures USD 750 Mn financing for debt refinancing and growth capex across six airports.
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Response To Wall Street Journal (WSJ) Article Dated 2Nd June, 2025
2 Jun - Adani denies WSJ allegations of Iranian LPG sanctions evasion; LPG revenue is 1.46% of total, compliance affirmed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Advertisement - Notice of 33rd AGM, intimation of record date and e-voting information
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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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 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptNotesPPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jul 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Mar 2021Transcript PPT
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Oct 2017TranscriptNotesPPT
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Oct 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Jan 2016TranscriptPPT
Part of Adani Group of companies[1] Incorporated in 1993, Adani Enterprise Ltd. (AEL) is the flagship Company of the Adani Group and acts as the Group’s incubator for new businesses. All the listed companies/businesses viz – Adani Power Ltd., Adani Transmission ltd., Adani Ports and Special Economic Zone Ltd., Adani Gas Ltd, Adani Green Energy Ltd., and Adani Wilmar Ltd. were initially incubated under AEL and are now functioning independently.