Adani Enterprises Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 10:04 pm

Market Cap	2,81,943 Cr.
Current Price	2,442
High / Low	3,744/2,025
Stock P/E	73.9
Book Value	363
Dividend Yield	0.05 %
ROCE	9.87 %
ROE	9.73 %
Face Value	1.00
PEG Ratio	2.38

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Adani Enterprises Ltd

Competitors of Adani Enterprises Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mitshi India Ltd	14.7 Cr.	16.7	36.9/13.0		3.06	0.00 %	5.68 %	4.57 %	10.0
Modella Woollens Ltd	5.55 Cr.	61.0	80.5/55.1		2.42	0.00 %	%	%	10.0
MRC Agrotech Ltd	24.2 Cr.	11.8	20.5/10.2		15.2	0.00 %	%	%	10.0
MRP Agro Ltd	151 Cr.	136	174/62.1	21.9	29.3	0.00 %	39.2 %	30.3 %	10.0
Muller and Phipps (India) Ltd	17.4 Cr.	279	726/192		23.8	0.00 %	%	%	10.0
Industry Average	11,414.48 Cr	154.31		99.49	118.73	0.21%	13.05%	9.81%	7.93

All Competitor Stocks of Adani Enterprises Ltd

Quarterly Result

Metric	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	12,579	13,218	18,758	24,866	40,844	38,175	26,612	28,944	22,644	22,517	25,050	29,180	25,472
Expenses	11,782	12,335	17,986	23,603	39,102	36,306	24,983	25,337	20,119	20,087	21,824	25,985	21,767
Operating Profit	796	883	772	1,262	1,742	1,869	1,629	3,607	2,525	2,430	3,226	3,195	3,706
OPM %	6%	7%	4%	5%	4%	5%	6%	12%	11%	11%	13%	11%	15%
Other Income	152	379	206	276	222	266	339	-15	370	461	491	-176	591
Interest	443	754	708	622	915	934	596	1,525	1,103	1,343	597	1,513	1,130
Depreciation	126	320	354	449	417	531	592	895	714	757	760	811	934
Profit before tax	380	189	-84	468	632	670	780	1,172	1,079	791	2,361	696	2,232
Tax %	48%	35%	16%	46%	35%	35%	18%	38%	33%	50%	19%	62%	26%
Net Profit	266	195	2	326	469	432	740	781	677	333	1,973	352	1,772
EPS in Rs	2.47	1.93	-0.11	2.77	4.12	4.04	7.19	6.34	5.91	2.00	16.57	3.95	12.76

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for Adani Enterprises Ltd based on the most recent figures (Jun 2024) and their trends compared to the previous period:

For Sales, as of Jun 2024, the value is 25,472.00 Cr.. The value appears to be declining and may need further review. It has decreased from 29,180.00 Cr. (Mar 2024) to 25,472.00 Cr., marking a decrease of 3,708.00 Cr..
For Expenses, as of Jun 2024, the value is 21,767.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 25,985.00 Cr. (Mar 2024) to 21,767.00 Cr., marking a decrease of 4,218.00 Cr..
For Operating Profit, as of Jun 2024, the value is 3,706.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,195.00 Cr. (Mar 2024) to 3,706.00 Cr., marking an increase of 511.00 Cr..
For OPM %, as of Jun 2024, the value is 15.00%. The value appears strong and on an upward trend. It has increased from 11.00% (Mar 2024) to 15.00%, marking an increase of 4.00%.
For Other Income, as of Jun 2024, the value is 591.00 Cr.. The value appears strong and on an upward trend. It has increased from -176.00 Cr. (Mar 2024) to 591.00 Cr., marking an increase of 767.00 Cr..
For Interest, as of Jun 2024, the value is 1,130.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,513.00 Cr. (Mar 2024) to 1,130.00 Cr., marking a decrease of 383.00 Cr..
For Depreciation, as of Jun 2024, the value is 934.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 811.00 Cr. (Mar 2024) to 934.00 Cr., marking an increase of 123.00 Cr..
For Profit before tax, as of Jun 2024, the value is 2,232.00 Cr.. The value appears strong and on an upward trend. It has increased from 696.00 Cr. (Mar 2024) to 2,232.00 Cr., marking an increase of 1,536.00 Cr..
For Tax %, as of Jun 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 62.00% (Mar 2024) to 26.00%, marking a decrease of 36.00%.
For Net Profit, as of Jun 2024, the value is 1,772.00 Cr.. The value appears strong and on an upward trend. It has increased from 352.00 Cr. (Mar 2024) to 1,772.00 Cr., marking an increase of 1,420.00 Cr..
For EPS in Rs, as of Jun 2024, the value is 12.76. The value appears strong and on an upward trend. It has increased from 3.95 (Mar 2024) to 12.76, marking an increase of 8.81.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:24 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	46,375	54,947	64,465	34,008	36,533	35,924	40,379	43,403	39,537	69,420	127,540	96,421	100,109
Expenses	40,354	45,564	52,015	32,325	34,631	33,886	38,409	41,108	37,031	65,707	118,722	85,044	86,371
Operating Profit	6,021	9,383	12,450	1,684	1,902	2,038	1,969	2,294	2,506	3,714	8,818	11,377	13,737
OPM %	13%	17%	19%	5%	5%	6%	5%	5%	6%	5%	7%	12%	14%
Other Income	1,775	1,157	792	1,044	749	363	504	872	494	1,012	834	1,146	1,646
Interest	3,492	5,703	7,056	1,357	1,257	1,250	1,625	1,572	1,377	2,526	3,969	4,555	5,694
Depreciation	2,298	3,223	3,522	314	315	664	390	472	537	1,248	2,436	3,042	3,786
Profit before tax	2,005	1,614	2,663	1,056	1,079	487	459	1,122	1,086	952	3,247	4,926	5,903
Tax %	39%	-64%	14%	7%	25%	23%	32%	29%	31%	50%	32%	33%
Net Profit	1,218	2,646	2,298	1,000	925	594	506	1,040	1,046	788	2,422	3,335	4,342
EPS in Rs	14.67	20.19	17.71	9.19	8.98	6.89	6.52	10.35	8.39	7.06	21.61	28.42	32.49
Dividend Payout %	10%	7%	8%	4%	4%	6%	6%	10%	12%	14%	6%	5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	117.24%	-13.15%	-56.48%	-7.50%	-35.78%	-14.81%	105.53%	0.58%	-24.67%	207.36%	37.70%
Change in YoY Net Profit Growth (%)	0.00%	-130.39%	-43.33%	48.98%	-28.28%	20.97%	120.35%	-104.96%	-25.24%	232.03%	-169.66%

Adani Enterprises Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	19%
3 Years:	35%
TTM:	4%

Compounded Profit Growth
10 Years:	5%
5 Years:	43%
3 Years:	48%
TTM:	1%

Stock Price CAGR
10 Years:	26%
5 Years:	77%
3 Years:	-1%
1 Year:	-24%

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	110	110	110	110	110	110	110	110	110	110	114	114	114
Reserves	21,286	23,647	25,618	13,268	14,026	14,979	14,646	16,837	17,049	22,147	32,937	38,962	41,782
Borrowings	69,332	71,980	83,571	19,169	20,846	17,637	11,243	12,419	16,227	41,604	53,200	65,310	80,427
Other Liabilities	21,143	22,365	21,420	9,132	12,630	23,679	16,537	17,509	18,231	37,726	55,027	56,200	59,445
Total Liabilities	111,871	118,102	130,718	41,679	47,611	56,405	42,536	46,875	51,617	101,586	141,278	160,586	181,768
Fixed Assets	48,770	70,579	83,834	10,473	13,668	10,555	9,020	10,476	10,838	30,123	56,881	65,978	84,751
CWIP	29,248	13,574	6,733	7,705	7,731	5,526	5,765	7,347	8,825	23,544	24,025	35,180	29,745
Investments	323	288	744	805	1,042	1,461	1,511	1,952	5,503	4,292	6,310	8,701	10,322
Other Assets	33,529	33,661	39,407	22,696	25,170	38,864	26,240	27,099	26,451	43,627	54,062	50,728	56,949
Total Assets	111,871	118,102	130,718	41,679	47,611	56,405	42,536	46,875	51,617	101,586	141,278	160,586	181,768

Below is a detailed analysis of the balance sheet data for Adani Enterprises Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹114.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 114.00 Cr..
For Reserves, as of Sep 2024, the value is ₹41,782.00 Cr.. The value appears strong and on an upward trend. It has increased from 38,962.00 Cr. (Mar 2024) to ₹41,782.00 Cr., marking an increase of 2,820.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹80,427.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 65,310.00 Cr. (Mar 2024) to ₹80,427.00 Cr., marking an increase of 15,117.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹59,445.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 56,200.00 Cr. (Mar 2024) to ₹59,445.00 Cr., marking an increase of 3,245.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹181,768.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 160,586.00 Cr. (Mar 2024) to ₹181,768.00 Cr., marking an increase of 21,182.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹84,751.00 Cr.. The value appears strong and on an upward trend. It has increased from 65,978.00 Cr. (Mar 2024) to ₹84,751.00 Cr., marking an increase of 18,773.00 Cr..
For CWIP, as of Sep 2024, the value is ₹29,745.00 Cr.. The value appears to be declining and may need further review. It has decreased from 35,180.00 Cr. (Mar 2024) to ₹29,745.00 Cr., marking a decrease of 5,435.00 Cr..
For Investments, as of Sep 2024, the value is ₹10,322.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,701.00 Cr. (Mar 2024) to ₹10,322.00 Cr., marking an increase of 1,621.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹56,949.00 Cr.. The value appears strong and on an upward trend. It has increased from 50,728.00 Cr. (Mar 2024) to ₹56,949.00 Cr., marking an increase of 6,221.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹181,768.00 Cr.. The value appears strong and on an upward trend. It has increased from 160,586.00 Cr. (Mar 2024) to ₹181,768.00 Cr., marking an increase of 21,182.00 Cr..

However, the Borrowings (80,427.00 Cr.) are higher than the Reserves (₹41,782.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	7,666	8,228	8,532	5,112	774	2,942	3,236	2,454	4,043	1,385	17,626	10,312
Cash from Investing Activity +	-14,790	-8,007	-11,465	-1,825	-1,460	-7,649	2,487	-1,082	-8,611	-17,041	-15,459	-18,767
Cash from Financing Activity +	7,199	-1,109	3,445	-3,448	716	5,120	-6,158	-221	3,109	15,901	-1,198	8,879
Net Cash Flow	75	-888	512	-161	30	413	-436	1,151	-1,459	246	970	424

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-63.00	-62.00	-71.00	-18.00	-19.00	-15.00	-10.00	-10.00	-14.00	-38.00	-45.00	-54.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	71	67	87	109	127	123	129	111	111	72	36	37
Inventory Days	40	38	35	17	19	28	29	27	21	46	27	69
Days Payable	66	86	89	69	101	104	133	126	142	120	111	179
Cash Conversion Cycle	45	19	33	57	46	47	26	11	-10	-2	-49	-73
Working Capital Days	-2	11	28	116	88	120	53	47	29	18	-18	-32
ROCE %	5%	7%	9%	3%	7%	6%	7%	9%	8%	7%	9%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.92%	74.92%	74.92%	72.28%	72.62%	72.62%	69.23%	67.65%	72.61%	72.61%	72.61%	74.72%
FIIs	18.05%	17.25%	16.62%	15.83%	15.59%	15.39%	17.75%	19.34%	14.52%	14.65%	14.41%	11.73%
DIIs	3.87%	4.96%	5.69%	5.68%	5.33%	5.45%	5.15%	5.46%	5.65%	5.44%	5.77%	6.02%
Public	3.16%	2.87%	2.77%	6.22%	6.46%	6.53%	7.87%	7.54%	7.23%	7.30%	7.22%	7.53%
No. of Shareholders	2,14,588	2,45,611	2,26,071	2,34,308	2,63,609	2,53,432	7,46,605	6,61,255	5,66,232	5,61,309	5,37,342	6,43,975

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Nifty 50 ETF	4,747,380	0.87	1491.63	4,747,380	2025-04-22 17:25:43	0%
Kotak Equity Arbitrage Fund - Regular Plan	2,406,300	2.1	756.06	2,406,300	2025-04-22 17:25:43	0%
UTI Nifty 50 ETF	1,314,647	0.87	413.06	1,314,647	2025-04-22 17:25:43	0%
Nippon India Arbitrage Fund	914,100	2.2	287.21	914,100	2025-04-22 17:25:43	0%
ICICI Prudential Equity - Arbitrage Fund	885,300	1.71	278.16	885,300	2025-04-22 17:25:43	0%
Edelweiss Arbitrage Fund	753,000	2.91	236.59	753,000	2025-04-22 17:25:43	0%
Nippon India ETF Nifty 50 BeES	560,578	0.87	176.13	560,578	2025-04-22 09:14:30	0%
Bandhan Arbitrage Fund	546,300	3.19	171.65	546,300	2025-04-22 17:25:43	0%
Aditya Birla Sun Life Arbitrage Fund	501,900	1.61	157.7	501,900	2025-04-22 17:25:43	0%
Invesco India Arbitrage Fund	490,500	1.2	154.12	490,500	2025-04-22 17:25:43	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	27.24	21.78	7.06	8.39	10.35
Diluted EPS (Rs.)	27.24	21.78	7.06	8.39	10.35
Cash EPS (Rs.)	55.59	40.75	15.67	11.67	11.55
Book Value[Excl.RevalReserv]/Share (Rs.)	354.26	322.04	239.03	171.94	165.57
Book Value[Incl.RevalReserv]/Share (Rs.)	354.26	322.04	239.03	171.94	165.57
Revenue From Operations / Share (Rs.)	845.80	1201.56	631.21	359.49	394.64
PBDIT / Share (Rs.)	116.12	87.94	42.97	29.63	26.99
PBIT / Share (Rs.)	89.43	66.57	31.62	24.75	22.69
PBT / Share (Rs.)	43.20	28.51	8.66	9.87	10.20
Net Profit / Share (Rs.)	28.90	19.38	4.32	6.79	7.26
NP After MI And SOA / Share (Rs.)	28.43	21.69	7.06	8.39	10.35
PBDIT Margin (%)	13.72	7.31	6.80	8.24	6.83
PBIT Margin (%)	10.57	5.54	5.00	6.88	5.75
PBT Margin (%)	5.10	2.37	1.37	2.74	2.58
Net Profit Margin (%)	3.41	1.61	0.68	1.88	1.83
NP After MI And SOA Margin (%)	3.36	1.80	1.11	2.33	2.62
Return on Networth / Equity (%)	9.18	7.75	3.59	5.37	6.71
Return on Capital Employeed (%)	8.78	7.84	6.00	9.02	10.57
Return On Assets (%)	2.01	1.74	0.76	1.78	2.42
Long Term Debt / Equity (X)	1.24	1.02	0.96	0.55	0.20
Total Debt / Equity (X)	1.42	1.20	1.90	0.89	0.68
Asset Turnover Ratio (%)	0.63	0.94	0.73	0.44	0.57
Current Ratio (X)	0.82	0.82	0.70	0.92	1.04
Quick Ratio (X)	0.61	0.67	0.55	0.84	0.92
Inventory Turnover Ratio (X)	0.95	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	4.22	4.60	14.16	0.00	13.52
Dividend Payout Ratio (CP) (%)	2.17	2.32	5.43	0.00	9.56
Earning Retention Ratio (%)	95.78	95.40	85.84	0.00	86.48
Cash Earning Retention Ratio (%)	97.83	97.68	94.57	0.00	90.44
Interest Coverage Ratio (X)	2.91	2.53	1.87	2.37	1.89
Interest Coverage Ratio (Post Tax) (X)	1.88	1.65	1.19	1.73	1.38
Enterprise Value (Cr.)	412230.30	237284.97	263466.46	128606.81	24667.09
EV / Net Operating Revenue (X)	4.28	1.73	3.80	3.25	0.56
EV / EBITDA (X)	31.14	23.67	55.75	39.46	8.31
MarketCap / Net Operating Revenue (X)	3.78	1.46	3.19	2.87	0.34
Retention Ratios (%)	95.77	95.39	85.83	0.00	86.47
Price / BV (X)	10.32	6.26	10.26	6.61	0.89
Price / Net Operating Revenue (X)	3.78	1.46	3.19	2.87	0.34
EarningsYield	0.01	0.01	0.00	0.01	0.07

After reviewing the key financial ratios for Adani Enterprises Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 27.24. This value is within the healthy range. It has increased from 21.78 (Mar 23) to 27.24, marking an increase of 5.46.
For Diluted EPS (Rs.), as of Mar 24, the value is 27.24. This value is within the healthy range. It has increased from 21.78 (Mar 23) to 27.24, marking an increase of 5.46.
For Cash EPS (Rs.), as of Mar 24, the value is 55.59. This value is within the healthy range. It has increased from 40.75 (Mar 23) to 55.59, marking an increase of 14.84.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 354.26. It has increased from 322.04 (Mar 23) to 354.26, marking an increase of 32.22.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 354.26. It has increased from 322.04 (Mar 23) to 354.26, marking an increase of 32.22.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 845.80. It has decreased from 1,201.56 (Mar 23) to 845.80, marking a decrease of 355.76.
For PBDIT / Share (Rs.), as of Mar 24, the value is 116.12. This value is within the healthy range. It has increased from 87.94 (Mar 23) to 116.12, marking an increase of 28.18.
For PBIT / Share (Rs.), as of Mar 24, the value is 89.43. This value is within the healthy range. It has increased from 66.57 (Mar 23) to 89.43, marking an increase of 22.86.
For PBT / Share (Rs.), as of Mar 24, the value is 43.20. This value is within the healthy range. It has increased from 28.51 (Mar 23) to 43.20, marking an increase of 14.69.
For Net Profit / Share (Rs.), as of Mar 24, the value is 28.90. This value is within the healthy range. It has increased from 19.38 (Mar 23) to 28.90, marking an increase of 9.52.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 28.43. This value is within the healthy range. It has increased from 21.69 (Mar 23) to 28.43, marking an increase of 6.74.
For PBDIT Margin (%), as of Mar 24, the value is 13.72. This value is within the healthy range. It has increased from 7.31 (Mar 23) to 13.72, marking an increase of 6.41.
For PBIT Margin (%), as of Mar 24, the value is 10.57. This value is within the healthy range. It has increased from 5.54 (Mar 23) to 10.57, marking an increase of 5.03.
For PBT Margin (%), as of Mar 24, the value is 5.10. This value is below the healthy minimum of 10. It has increased from 2.37 (Mar 23) to 5.10, marking an increase of 2.73.
For Net Profit Margin (%), as of Mar 24, the value is 3.41. This value is below the healthy minimum of 5. It has increased from 1.61 (Mar 23) to 3.41, marking an increase of 1.80.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3.36. This value is below the healthy minimum of 8. It has increased from 1.80 (Mar 23) to 3.36, marking an increase of 1.56.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.18. This value is below the healthy minimum of 15. It has increased from 7.75 (Mar 23) to 9.18, marking an increase of 1.43.
For Return on Capital Employeed (%), as of Mar 24, the value is 8.78. This value is below the healthy minimum of 10. It has increased from 7.84 (Mar 23) to 8.78, marking an increase of 0.94.
For Return On Assets (%), as of Mar 24, the value is 2.01. This value is below the healthy minimum of 5. It has increased from 1.74 (Mar 23) to 2.01, marking an increase of 0.27.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.24. This value exceeds the healthy maximum of 1. It has increased from 1.02 (Mar 23) to 1.24, marking an increase of 0.22.
For Total Debt / Equity (X), as of Mar 24, the value is 1.42. This value exceeds the healthy maximum of 1. It has increased from 1.20 (Mar 23) to 1.42, marking an increase of 0.22.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.63. It has decreased from 0.94 (Mar 23) to 0.63, marking a decrease of 0.31.
For Current Ratio (X), as of Mar 24, the value is 0.82. This value is below the healthy minimum of 1.5. There is no change compared to the previous period (Mar 23) which recorded 0.82.
For Quick Ratio (X), as of Mar 24, the value is 0.61. This value is below the healthy minimum of 1. It has decreased from 0.67 (Mar 23) to 0.61, marking a decrease of 0.06.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.95. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 23) to 0.95, marking an increase of 0.95.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.22. This value is below the healthy minimum of 20. It has decreased from 4.60 (Mar 23) to 4.22, marking a decrease of 0.38.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2.17. This value is below the healthy minimum of 20. It has decreased from 2.32 (Mar 23) to 2.17, marking a decrease of 0.15.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.78. This value exceeds the healthy maximum of 70. It has increased from 95.40 (Mar 23) to 95.78, marking an increase of 0.38.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 97.83. This value exceeds the healthy maximum of 70. It has increased from 97.68 (Mar 23) to 97.83, marking an increase of 0.15.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.91. This value is below the healthy minimum of 3. It has increased from 2.53 (Mar 23) to 2.91, marking an increase of 0.38.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 3. It has increased from 1.65 (Mar 23) to 1.88, marking an increase of 0.23.
For Enterprise Value (Cr.), as of Mar 24, the value is 412,230.30. It has increased from 237,284.97 (Mar 23) to 412,230.30, marking an increase of 174,945.33.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.28. This value exceeds the healthy maximum of 3. It has increased from 1.73 (Mar 23) to 4.28, marking an increase of 2.55.
For EV / EBITDA (X), as of Mar 24, the value is 31.14. This value exceeds the healthy maximum of 15. It has increased from 23.67 (Mar 23) to 31.14, marking an increase of 7.47.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.78. This value exceeds the healthy maximum of 3. It has increased from 1.46 (Mar 23) to 3.78, marking an increase of 2.32.
For Retention Ratios (%), as of Mar 24, the value is 95.77. This value exceeds the healthy maximum of 70. It has increased from 95.39 (Mar 23) to 95.77, marking an increase of 0.38.
For Price / BV (X), as of Mar 24, the value is 10.32. This value exceeds the healthy maximum of 3. It has increased from 6.26 (Mar 23) to 10.32, marking an increase of 4.06.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.78. This value exceeds the healthy maximum of 3. It has increased from 1.46 (Mar 23) to 3.78, marking an increase of 2.32.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Adani Enterprises Ltd as of April 25, 2025 is: 2,089.16

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 April 25, 2025, Adani Enterprises Ltd is Overvalued by 14.45% compared to the current share price 2,442.00

Intrinsic Value of Adani Enterprises Ltd as of April 25, 2025 is: 2,738.86

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 April 25, 2025, Adani Enterprises Ltd is Undervalued by 12.16% compared to the current share price 2,442.00

Last 5 Year EPS CAGR: 31.10%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (60.23 cr) and profit (147.62 cr) over the years.	The stock has a low average ROCE of 7.25%, which may not be favorable. The stock has a high average Working Capital Days of 38.17, which may not be favorable. The stock has a high average Cash Conversion Cycle of 12.50, which may not be favorable. The company has higher borrowings (43,305.00) compared to reserves (22,860.31), which may suggest financial risk.

Stock Analysis

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 Adani Enterprises Ltd:
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: 13.05%)
  - 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: 9.81%)
  - 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: 73.9 (Industry average Stock P/E: 99.49)
  - 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. 32012.03 Cr. and Equity Capital is Rs. 114.00 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	Adani Corporate House, Shantigram, Ahmedabad Gujarat 382421	jatin.jalundhwala@adani.in http://www.adanienterprises.com

Management
Name	Position Held
Mr. Gautam S Adani	Executive Chairman
Mr. Rajesh S Adani	Managing Director
Mr. Pranav V Adani	Director
Mr. Vinay Prakash	Director
Mr. Hemant Nerurkar	Ind. Non-Executive Director
Mr. V Subramanian	Ind. Non-Executive Director
Mrs. Vijaylaxmi Joshi	Ind. Non-Executive Director
Dr. Omkar Goswami	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Adani Enterprises Ltd?

Adani Enterprises Ltd's intrinsic value (as of 24 April 2025) is ₹2089.16 — 14.45% lower the current market price of 2,442.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,81,943 Cr. market cap, FY2025-2026 high/low of ₹3,744/2,025, reserves of 41,782 Cr, and liabilities of 181,768 Cr.

What is the Market Cap of Adani Enterprises Ltd?

The Market Cap of Adani Enterprises Ltd is 2,81,943 Cr..

What is the current Stock Price of Adani Enterprises Ltd as on 24 April 2025?

The current stock price of Adani Enterprises Ltd as on 24 April 2025 is 2,442.

What is the High / Low of Adani Enterprises Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Adani Enterprises Ltd stocks is ₹3,744/2,025.

What is the Stock P/E of Adani Enterprises Ltd?

The Stock P/E of Adani Enterprises Ltd is 73.9.

What is the Book Value of Adani Enterprises Ltd?

The Book Value of Adani Enterprises Ltd is 363.

What is the Dividend Yield of Adani Enterprises Ltd?

The Dividend Yield of Adani Enterprises Ltd is 0.05 %.

What is the ROCE of Adani Enterprises Ltd?

The ROCE of Adani Enterprises Ltd is 9.87 %.

What is the ROE of Adani Enterprises Ltd?

The ROE of Adani Enterprises Ltd is 9.73 %.

What is the Face Value of Adani Enterprises Ltd?

The Face Value of Adani Enterprises Ltd is 1.00.