Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 512599 | NSE: ADANIENT

Adani Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,119.54Undervalued by 15.07%vs CMP ₹1,842.00

P/E (64.5) × ROE (9.8%) × BV (₹418.00) × DY (0.07%)

₹1,737.56Fairly Valued by 5.67%vs CMP ₹1,842.00
MoS: -6% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,711.2526%Under (+101.5%)
Graham NumberEarnings₹987.5219%Over (-46.4%)
DCFCash Flow₹1,836.3413%Fair (-0.3%)
Net Asset ValueAssets₹418.398%Over (-77.3%)
EV/EBITDAEnterprise₹867.5811%Over (-52.9%)
Earnings YieldEarnings₹1,036.908%Over (-43.7%)
ROCE CapitalReturns₹951.358%Over (-48.4%)
Revenue MultipleRevenue₹757.716%Over (-58.9%)
Consensus (8 models)₹1,737.56100%Fairly Valued
Key Drivers: EPS CAGR 75.1% lifts DCF — verify sustainability. | Wide model spread (₹418–₹3,711) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 75.1%

*Investments are subject to market risks

Investment Snapshot

57
Adani Enterprises Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 9.5% AverageROE 9.8% AverageD/E 0.89 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (6% → 14%) Improving
Quarterly Momentum55/100 · Moderate
Revenue (4Q): -5% YoY DecliningProfit (4Q): +225% YoY Strong
Industry Rank65/100 · Strong
P/E 64.5 vs industry 102.1 Cheaper than peersROCE 9.5% vs industry 15.2% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Adani Enterprises Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
80/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 64.5 vs Ind 102.1 | ROCE 9.5% | ROE 9.8% | CFO/NP N/A
Balance Sheet Stress
70/100
Stressed
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.89x | IntCov 0.0x | Current 0.92x | Borrow/Reserve 2.03x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹8,005 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.08 pp | DII -0.13 pp | Prom 0.00 pp
Business Momentum
+94
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +16.8% | Q NP +67.8% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-5.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves2.03xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.08 ppLatest FII% minus previous FII%
DII Change-0.13 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+24,201Latest shareholder count minus previous count
Quarterly Sales Change+16.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+67.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:32 am

Market Cap 2,37,985 Cr.
Current Price 1,842
Intrinsic Value₹1,737.56
High / Low 2,613/1,753
Stock P/E64.5
Book Value 418
Dividend Yield0.07 %
ROCE9.45 %
ROE9.82 %
Face Value 1.00
PEG Ratio0.86

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

View Share Price Target for Adani Enterprises Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Adani Enterprises Ltd 2,37,985 Cr. 1,842 2,613/1,75364.5 4180.07 %9.45 %9.82 % 1.00
MMTC Ltd 8,277 Cr. 55.2 88.2/42.673.0 12.80.00 %7.70 %5.87 % 1.00
MSTC Ltd 2,734 Cr. 388 582/36212.0 11810.4 %29.3 %28.4 % 10.0
BN Holdings Ltd 2,104 Cr. 215 420/104 32.90.00 %3.00 %7.90 % 10.0
TIL Ltd 1,458 Cr. 177 402/161 10.70.00 %11.1 %0.91 % 10.0
Industry Average10,858.54 Cr140.30102.09119.050.48%15.22%8.81%7.62

All Competitor Stocks of Adani Enterprises Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26,61228,94422,64419,54625,05029,18025,47222,60822,84826,96621,96121,24924,820
Expenses 24,98325,33720,11917,11621,82425,98521,76718,84219,77823,25618,65117,94221,178
Operating Profit 1,6293,6072,5252,4303,2263,1953,7063,7663,0703,7103,3103,3073,642
OPM % 6%12%11%12%13%11%15%17%13%14%15%16%15%
Other Income 339-15370461491-1765915836484,5824754,1796,288
Interest 5961,5251,1031,3435971,5131,1309102,1411,7961,0351,7111,626
Depreciation 5928957147577608119341,0351,0061,2361,2841,3771,372
Profit before tax 7801,1721,0797912,3616962,2322,4035725,2591,4664,3986,932
Tax % 18%38%33%50%19%62%26%21%103%24%39%23%20%
Net Profit 7407816773331,9733521,7721,9892294,0159763,4145,727
EPS in Rs 6.425.665.281.7814.793.5311.3913.640.4529.745.6824.7443.53

Last Updated: February 6, 2026, 9:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:07 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 54,94764,46534,00836,53335,92440,37943,40339,53769,420127,54096,42197,89594,995
Expenses 45,56452,01532,32534,63133,88638,40941,10837,03165,707118,72285,04483,64381,027
Operating Profit 9,38312,4501,6841,9022,0381,9692,2942,5063,7148,81811,37714,25213,968
OPM % 17%19%5%5%6%5%5%6%5%7%12%15%15%
Other Income 1,1577921,0447493635048724941,0128341,1466,40315,524
Interest 5,7037,0561,3571,2571,2501,6251,5721,3772,5263,9694,5555,9786,169
Depreciation 3,2233,5223143156643904725371,2482,4363,0424,2115,268
Profit before tax 1,6142,6631,0561,0794874591,1221,0869523,2474,92610,46618,055
Tax % -64%14%7%25%23%32%29%31%50%32%33%28%
Net Profit 2,6462,2981,0009255945061,0401,0467882,4223,3358,00514,132
EPS in Rs 18.0315.818.218.026.155.829.247.496.3019.3025.3755.02103.69
Dividend Payout % 7%8%4%4%6%6%10%12%14%6%5%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-13.15%-56.48%-7.50%-35.78%-14.81%105.53%0.58%-24.67%207.36%37.70%140.03%
Change in YoY Net Profit Growth (%)0.00%-43.33%48.98%-28.28%20.97%120.35%-104.96%-25.24%232.03%-169.66%102.33%

Adani Enterprises Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:18%
3 Years:12%
TTM:-5%
Compounded Profit Growth
10 Years:8%
5 Years:36%
3 Years:78%
TTM:-16%
Stock Price CAGR
10 Years:48%
5 Years:52%
3 Years:-12%
1 Year:-24%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:10%
Last Year:10%

Last Updated: September 4, 2025, 10:05 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 110110110110110110110110110114114115115
Reserves 23,64725,61813,26814,02614,97914,64616,83717,04922,14732,93738,96250,19953,941
Borrowings 71,98083,57119,16920,84617,63711,24312,41916,22741,60453,20065,31091,819109,465
Other Liabilities 22,36521,4209,13212,63023,67916,53717,50918,23137,72655,02756,20055,71057,887
Total Liabilities 118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843221,408
Fixed Assets 70,57983,83410,47313,66810,5559,02010,47610,83830,12356,88165,97877,260102,025
CWIP 13,5746,7337,7057,7315,5265,7657,3478,82523,54424,02535,18051,51641,329
Investments 2887448051,0421,4611,5111,9525,5034,2926,3108,7019,88710,028
Other Assets 33,66139,40722,69625,17038,86426,24027,09926,45143,62754,06250,72859,18068,026
Total Assets 118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843221,408

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8,2288,5325,1127742,9423,2362,4544,0431,38517,62610,3124,513
Cash from Investing Activity + -8,007-11,465-1,825-1,460-7,6492,487-1,082-8,611-17,041-15,459-18,767-25,709
Cash from Financing Activity + -1,1093,445-3,4487165,120-6,158-2213,10915,901-1,1988,87921,947
Net Cash Flow -888512-16130413-4361,151-1,459246970424751
Free Cash Flow -2,966-621-778-3,373-4,3521,471-268684-10,2602,972-11,934-24,294
CFO/OP 95%75%317%52%157%175%119%166%43%210%106%46%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-62.00-71.00-18.00-19.00-15.00-10.00-10.00-14.00-38.00-45.00-54.00-77.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 678710912712312911111172363736
Inventory Days 383517192829272146276973
Days Payable 868969101104133126142120111178148
Cash Conversion Cycle 19335746472611-10-2-49-72-39
Working Capital Days -91-81-2-19-8-10-21-31-89-38-61-59
ROCE %7%9%3%7%6%7%9%8%7%9%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.23%67.65%72.61%72.61%72.61%74.72%74.89%73.97%73.97%73.97%73.97%73.97%
FIIs 17.75%19.34%14.52%14.65%14.41%11.73%11.31%11.72%11.71%11.55%11.72%11.64%
DIIs 5.15%5.46%5.65%5.44%5.77%6.02%6.46%6.61%6.86%7.04%6.84%6.71%
Public 7.87%7.54%7.23%7.30%7.22%7.53%7.36%7.68%7.45%7.44%7.47%7.66%
No. of Shareholders 7,46,6056,61,2555,66,2325,61,3095,37,3426,43,9755,84,9286,67,2106,55,9466,21,7396,18,4136,42,614

Shareholding Pattern Chart

No. of Shareholders

Adani Enterprises Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 2,468,292 1.82 498.69N/AN/AN/A
Quant Flexi Cap Fund 1,809,615 5.88 365.61N/AN/AN/A
Quant ELSS Tax Saver Fund 1,148,015 1.98 231.95N/AN/AN/A
Quant Multi Cap Fund 1,068,829 2.9 215.95N/AN/AN/A
Quant Large Cap Fund 960,622 6.65 194.08N/AN/AN/A
Quant Infrastructure Fund 622,719 4.51 125.81N/AN/AN/A
Quant Momentum Fund 580,271 8.87 117.24N/AN/AN/A
Quant Quantamental Fund 579,105 7.51 117587,4082026-01-25 09:58:46-1.41%
Quant Value Fund 554,972 7.16 112.13N/AN/AN/A
Quant Aggressive Hybrid Fund 437,680 4.52 88.43319,0792026-01-25 11:06:4737.17%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 60.5527.2421.787.068.39
Diluted EPS (Rs.) 60.5527.2421.787.068.39
Cash EPS (Rs.) 101.4455.5940.7515.6711.67
Book Value[Excl.RevalReserv]/Share (Rs.) 413.19309.43279.60196.55171.94
Book Value[Incl.RevalReserv]/Share (Rs.) 413.19309.43279.60196.55171.94
Revenue From Operations / Share (Rs.) 848.16845.801201.56631.21359.49
PBDIT / Share (Rs.) 144.88116.1287.9442.9729.63
PBIT / Share (Rs.) 108.4089.4366.5731.6224.75
PBT / Share (Rs.) 90.7943.2028.518.669.87
Net Profit / Share (Rs.) 64.9628.9019.384.326.79
NP After MI And SOA / Share (Rs.) 61.5128.4321.697.068.39
PBDIT Margin (%) 17.0813.727.316.808.24
PBIT Margin (%) 12.7810.575.545.006.88
PBT Margin (%) 10.705.102.371.372.74
Net Profit Margin (%) 7.653.411.610.681.88
NP After MI And SOA Margin (%) 7.253.361.801.112.33
Return on Networth / Equity (%) 14.889.187.753.595.37
Return on Capital Employeed (%) 8.298.787.846.009.02
Return On Assets (%) 3.582.011.740.761.78
Long Term Debt / Equity (X) 1.351.241.020.960.55
Total Debt / Equity (X) 1.601.421.201.900.89
Asset Turnover Ratio (%) 0.540.631.130.900.44
Current Ratio (X) 0.850.820.820.700.92
Quick Ratio (X) 0.640.610.670.550.84
Inventory Turnover Ratio (X) 9.900.950.590.580.00
Dividend Payout Ratio (NP) (%) 2.084.224.6014.160.00
Dividend Payout Ratio (CP) (%) 1.312.172.325.430.00
Earning Retention Ratio (%) 97.9295.7895.4085.840.00
Cash Earning Retention Ratio (%) 98.6997.8397.6894.570.00
Interest Coverage Ratio (X) 2.802.912.531.872.37
Interest Coverage Ratio (Post Tax) (X) 1.601.881.651.191.73
Enterprise Value (Cr.) 343406.82412230.30237284.97263466.46128606.81
EV / Net Operating Revenue (X) 3.514.281.733.803.25
EV / EBITDA (X) 20.5431.1423.6755.7539.46
MarketCap / Net Operating Revenue (X) 2.743.781.463.192.87
Retention Ratios (%) 97.9195.7795.3985.830.00
Price / BV (X) 5.6210.326.2610.266.61
Price / Net Operating Revenue (X) 2.743.781.463.192.87
EarningsYield 0.020.010.010.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 26708.97 Cr. and Equity Capital is Rs. 115.42 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & DistributorsAdani Corporate House, Shantigram, Near Vaishno Devi Circle, Ahmedabad Gujarat 382421Contact not found
Management
NamePosition Held
Mr. Gautam S AdaniExecutive Chairman
Mr. Rajesh S AdaniManaging Director
Mr. Pranav V AdaniDirector
Dr. 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 intrinsic value of Adani Enterprises Ltd and is it undervalued?

As of 05 April 2026, Adani Enterprises Ltd's intrinsic value is ₹1737.56, which is 5.67% lower than the current market price of ₹1,842.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.82 %), book value (₹418), dividend yield (0.07 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Adani Enterprises Ltd?

Adani Enterprises Ltd is trading at ₹1,842.00 as of 05 April 2026, with a FY2026-2027 high of ₹2,613 and low of ₹1,753. The stock is currently near its 52-week low. Market cap stands at ₹2,37,985 Cr..

How does Adani Enterprises Ltd's P/E ratio compare to its industry?

Adani Enterprises Ltd has a P/E ratio of 64.5, which is below the industry average of 102.09. This is broadly in line with or below the industry average.

Is Adani Enterprises Ltd financially healthy?

Key indicators for Adani Enterprises Ltd: ROCE of 9.45 % is on the lower side compared to the industry average of 15.22%. Dividend yield is 0.07 %.

Is Adani Enterprises Ltd profitable and how is the profit trend?

Adani Enterprises Ltd reported a net profit of ₹8,005 Cr in Mar 2025 on revenue of ₹97,895 Cr. Compared to ₹788 Cr in Mar 2022, the net profit shows an improving trend.

Does Adani Enterprises Ltd pay dividends?

Adani Enterprises Ltd has a dividend yield of 0.07 % at the current price of ₹1,842.00. The company pays dividends, though the yield is modest.

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 Adani Enterprises Ltd. 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
Explore Industry-wise Stock Analysis Reports