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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 512599 | NSE: ADANIENT

Adani Enterprises Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:57 am

Market Cap 2,70,650 Cr.
Current Price 2,345
High / Low 3,744/2,025
Stock P/E48.0
Book Value 368
Dividend Yield0.06 %
ROCE9.87 %
ROE9.73 %
Face Value 1.00
PEG Ratio1.97

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mrugesh Trading Ltd 0.11 Cr. 4.63 4.63/4.200.17 7620.00 %0.00 %0.00 % 10.0
Mukta Agriculture Ltd 13.2 Cr. 6.08 7.84/3.2059.9 10.30.00 %0.29 %0.26 % 10.0
Muller and Phipps (India) Ltd 19.5 Cr. 313 726/173 23.80.00 %%% 10.0
Mystic Electronics Ltd 16.5 Cr. 8.36 9.90/3.3020.9 14.30.00 %1.09 %1.06 % 10.0
Ind-Agiv Commerce Ltd 6.50 Cr. 65.0 69.4/41.7 57.70.00 %17.9 %% 10.0
Industry Average10,366.28 Cr179.00141.63131.460.12%12.21%9.10%8.27

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales12,57913,21818,75824,86640,84438,17526,61228,94422,64422,51725,05029,18025,472
Expenses11,78212,33517,98623,60339,10236,30624,98325,33720,11920,08721,82425,98521,767
Operating Profit7968837721,2621,7421,8691,6293,6072,5252,4303,2263,1953,706
OPM %6%7%4%5%4%5%6%12%11%11%13%11%15%
Other Income152379206276222266339-15370461491-176591
Interest4437547086229159345961,5251,1031,3435971,5131,130
Depreciation126320354449417531592895714757760811934
Profit before tax380189-844686326707801,1721,0797912,3616962,232
Tax %48%35%16%46%35%35%18%38%33%50%19%62%26%
Net Profit26619523264694327407816773331,9733521,772
EPS in Rs2.471.93-0.112.774.124.047.196.345.912.0016.573.9512.76

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales39,35646,37554,94764,46534,00836,53335,92440,37943,40339,53769,420136,978107,638
Expenses34,35540,35445,56452,01532,32534,63133,88638,40941,10837,03165,707128,15095,870
Operating Profit5,0016,0219,38312,4501,6841,9022,0381,9692,2942,5063,7148,82811,768
OPM %13%13%17%19%5%5%6%5%5%6%5%6%11%
Other Income5451,7751,1577921,0447493635048724941,0128281,323
Interest1,8263,4925,7037,0561,3571,2571,2501,6251,5721,3772,5263,9704,568
Depreciation1,2242,2983,2233,5223143156643904725371,2482,4363,126
Profit before tax2,4962,0051,6142,6631,0561,0794874591,1221,0869523,2505,398
Tax %19%39%-64%14%7%25%23%32%29%31%50%32%
Net Profit2,0201,2182,6462,2981,0009255945061,0401,0467882,4223,764
EPS in Rs16.7214.6720.1917.719.198.986.896.5210.358.397.0621.6930.82
Dividend Payout %6%10%7%8%4%4%6%6%10%12%14%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-39.70%117.24%-13.15%-56.48%-7.50%-35.78%-14.81%105.53%0.58%-24.67%207.36%
Change in YoY Net Profit Growth (%)0.00%156.94%-130.39%-43.33%48.98%-28.28%20.97%120.35%-104.96%-25.24%232.03%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:19%
3 Years:35%
TTM:5%
Compounded Profit Growth
10 Years:5%
5 Years:43%
3 Years:48%
TTM:116%
Stock Price CAGR
10 Years:31%
5 Years:62%
3 Years:12%
1 Year:-17%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:8%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:47 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital110110110110110110110110110110114114114
Reserves21,28623,64725,61813,26814,02614,97914,64616,83717,04922,14732,93738,96241,782
Borrowings69,33271,98083,57119,16920,84617,63711,24312,41916,22741,60453,20065,31080,427
Other Liabilities21,14322,36521,4209,13212,63023,67916,53717,50918,23137,72655,02756,20059,445
Total Liabilities111,871118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586181,768
Fixed Assets48,77070,57983,83410,47313,66810,5559,02010,47610,83830,12356,88165,97884,751
CWIP29,24813,5746,7337,7057,7315,5265,7657,3478,82523,54424,02535,18029,745
Investments3232887448051,0421,4611,5111,9525,5034,2926,3108,70110,322
Other Assets33,52933,66139,40722,69625,17038,86426,24027,09926,45143,62754,06250,72856,949
Total Assets111,871118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586181,768

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7,6668,2288,5325,1127742,9423,2362,4544,0431,38517,62610,312
Cash from Investing Activity +-14,790-8,007-11,465-1,825-1,460-7,6492,487-1,082-8,611-17,041-15,459-18,767
Cash from Financing Activity +7,199-1,1093,445-3,4487165,120-6,158-2213,10915,901-1,1988,879
Net Cash Flow75-888512-16130413-4361,151-1,459246970424

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow5.00-63.00-62.00-71.00-18.00-19.00-15.00-10.00-10.00-14.00-38.00-45.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days716787109127123129111111723637
Inventory Days403835171928292721462769
Days Payable66868969101104133126142120111179
Cash Conversion Cycle4519335746472611-10-2-49-73
Working Capital Days-211281168812053472918-18-32
ROCE %5%7%9%3%7%6%7%9%8%7%9%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.92%74.92%74.92%72.28%72.62%72.62%69.23%67.65%72.61%72.61%72.61%74.72%
FIIs18.05%17.25%16.62%15.83%15.59%15.39%17.75%19.34%14.52%14.65%14.41%11.73%
DIIs3.87%4.96%5.69%5.68%5.33%5.45%5.15%5.46%5.65%5.44%5.77%6.02%
Public3.16%2.87%2.77%6.22%6.46%6.53%7.87%7.54%7.23%7.30%7.22%7.53%
No. of Shareholders2,14,5882,45,6112,26,0712,34,3082,63,6092,53,4327,46,6056,61,2555,66,2325,61,3095,37,3426,43,975

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Nifty 50 ETF4,747,3800.871491.634,747,3802024-12-200%
Kotak Equity Arbitrage Fund - Regular Plan2,406,3002.1756.064,747,3802024-12-20-49.31%
UTI Nifty 50 ETF1,314,6470.87413.064,747,3802024-12-20-72.31%
Nippon India Arbitrage Fund914,1002.2287.214,747,3802024-12-20-80.75%
ICICI Prudential Equity - Arbitrage Fund885,3001.71278.164,747,3802024-12-20-81.35%
Edelweiss Arbitrage Fund753,0002.91236.594,747,3802024-12-20-84.14%
Nippon India ETF Nifty 50 BeES560,5780.87176.134,747,3802024-12-20-88.19%
Bandhan Arbitrage Fund546,3003.19171.654,747,3802024-12-20-88.49%
Aditya Birla Sun Life Arbitrage Fund501,9001.61157.74,747,3802024-12-20-89.43%
Invesco India Arbitrage Fund490,5001.2154.124,747,3802024-12-20-89.67%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)27.2421.787.068.3910.35
Diluted EPS (Rs.)27.2421.787.068.3910.35
Cash EPS (Rs.)55.5940.7515.6711.6711.55
Book Value[Excl.RevalReserv]/Share (Rs.)354.26322.04239.03171.94165.57
Book Value[Incl.RevalReserv]/Share (Rs.)354.26322.04239.03171.94165.57
Revenue From Operations / Share (Rs.)845.801201.56631.21359.49394.64
PBDIT / Share (Rs.)116.1287.9442.9729.6326.99
PBIT / Share (Rs.)89.4366.5731.6224.7522.69
PBT / Share (Rs.)43.2028.518.669.8710.20
Net Profit / Share (Rs.)28.9019.384.326.797.26
NP After MI And SOA / Share (Rs.)28.4321.697.068.3910.35
PBDIT Margin (%)13.727.316.808.246.83
PBIT Margin (%)10.575.545.006.885.75
PBT Margin (%)5.102.371.372.742.58
Net Profit Margin (%)3.411.610.681.881.83
NP After MI And SOA Margin (%)3.361.801.112.332.62
Return on Networth / Equity (%)9.187.753.595.376.71
Return on Capital Employeed (%)8.787.846.009.0210.57
Return On Assets (%)2.011.740.761.782.42
Long Term Debt / Equity (X)1.241.020.960.550.20
Total Debt / Equity (X)1.421.201.900.890.68
Asset Turnover Ratio (%)0.630.940.730.440.57
Current Ratio (X)0.820.820.700.921.04
Quick Ratio (X)0.610.670.550.840.92
Inventory Turnover Ratio (X)0.950.000.000.000.00
Dividend Payout Ratio (NP) (%)4.224.6014.160.0013.52
Dividend Payout Ratio (CP) (%)2.172.325.430.009.56
Earning Retention Ratio (%)95.7895.4085.840.0086.48
Cash Earning Retention Ratio (%)97.8397.6894.570.0090.44
Interest Coverage Ratio (X)2.912.531.872.371.89
Interest Coverage Ratio (Post Tax) (X)1.881.651.191.731.38
Enterprise Value (Cr.)412230.30237284.97263466.46128606.8124667.09
EV / Net Operating Revenue (X)4.281.733.803.250.56
EV / EBITDA (X)31.1423.6755.7539.468.31
MarketCap / Net Operating Revenue (X)3.781.463.192.870.34
Retention Ratios (%)95.7795.3985.830.0086.47
Price / BV (X)10.326.2610.266.610.89
Price / Net Operating Revenue (X)3.781.463.192.870.34
EarningsYield0.010.010.000.010.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,719.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 26.66% compared to the current share price 2,345.00

Intrinsic Value of as of December 22, 2024 is: 2,139.15

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Overvalued by 8.78% compared to the current share price 2,345.00

Last 5 Year EPS CAGR: 24.39%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (57.08 cr) and profit (147.46 cr) over the years.
  1. The stock has a low average ROCE of 7.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 38.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 12.50, which may not be favorable.
  4. The company has higher borrowings (43,305.00) compared to reserves (22,860.31), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 3.41%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.78% (Industry Average ROCE: 12.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 9.18% (Industry Average ROE: 9.1%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.88
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.61
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 48 (Industry average Stock P/E: 141.63)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.42
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Adani Enterprises Ltd. is a Public Limited Listed company incorporated on 02/03/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L51100GJ1993PLC019067 and registration number is 019067. Currently Company is involved in the business activities of Wholesale of solid, liquid and gaseous fuels and related products. Company’s Total Operating Revenue is Rs. 26824.05 Cr. and Equity Capital is Rs. 109.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsAdani Corporate House, Shantigram, Ahmedabad Gujarat 382421jatin.jalundhwala@adani.in
http://www.adanienterprises.com
Management
NamePosition Held
Mr. Gautam S AdaniExecutive Chairman
Mr. Rajesh S AdaniManaging Director
Mr. Pranav V AdaniDirector
Mr. Vinay PrakashDirector
Mr. Hemant NerurkarInd. Non-Executive Director
Mr. V SubramanianInd. Non-Executive Director
Mrs. Vijaylaxmi JoshiInd. Non-Executive Director
Dr. Omkar GoswamiInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1719.74, which is 26.66% lower than the current market price of ₹2,345.00. The stock has a market capitalization of 2,70,650 Cr. and recorded a high/low of 3,744/2,025 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹41,782 Cr and total liabilities of ₹181,768 Cr.

What is the Market Cap of ?

The Market Cap of is 2,70,650 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 2,345.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 3,744/2,025.

What is the Stock P/E of ?

The Stock P/E of is 48.0.

What is the Book Value of ?

The Book Value of is 368.

What is the Dividend Yield of ?

The Dividend Yield of is 0.06 %.

What is the ROCE of ?

The ROCE of is 9.87 %.

What is the ROE of ?

The ROE of is 9.73 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE