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Adani Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,900.31Fairly Valued by 3.29%vs CMP ₹2,999.00

P/E (171.0) × ROE (3.4%) × BV (₹627.00) × DY (0.04%)

₹2,150.18Overvalued by 28.30%vs CMP ₹2,999.00
MoS: -39.5% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5,078.3626%Under (+69.3%)
Graham NumberEarnings₹1,209.4719%Over (-59.7%)
DCFCash Flow₹1,774.2313%Over (-40.8%)
Net Asset ValueAssets₹598.018%Over (-80.1%)
EV/EBITDAEnterprise₹849.3211%Over (-71.7%)
Earnings YieldEarnings₹1,036.908%Over (-65.4%)
ROCE CapitalReturns₹1,041.748%Over (-65.3%)
Revenue MultipleRevenue₹723.416%Over (-75.9%)
Consensus (8 models)₹2,150.18100%Overvalued
Key Drivers: EPS CAGR 75.1% lifts DCF — verify sustainability. | P/E of 171 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

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

Analyst Summary

Adani Enterprises Ltd operates in the Trading & Distributors segment, NSE: ADANIENT | BSE: 512599, current market price is ₹2,999.00, market cap is 4,05,839 Cr.. At a glance, stock P/E is 171, ROE is 3.38 %, ROCE is 5.80 %, book value is 627, dividend yield is 0.04 %. The latest intrinsic value estimate is ₹2,150.18, around 28.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹97,895 Cr versus the prior period change of 1.5%, while latest net profit is about ₹8,005 Cr with a prior-period change of 140.0%. The 52-week range shown on this page is 3,245/1,753, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAdani 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 L51…

This summary is generated from the stock page data available for Adani Enterprises Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

46
Adani Enterprises Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 5.8% WeakROE 3.4% WeakD/E 0.89 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.13% (6mo) SellingDII holding up 4.04% MF buyingPromoter decreased by 2.87% Caution
Earnings Quality65/100 · Strong
OPM expanding (6% → 14%) Improving
Quarterly Momentum55/100 · Moderate
Revenue (4Q): -5% YoY DecliningProfit (4Q): +225% YoY Strong
Industry Rank20/100 · Weak
P/E 171.0 vs industry 76.0 Premium to peersROCE 5.8% vs industry 74.9% Below peersROE 3.4% vs industry 15.1% Below peers3Y 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:03 am

Market Cap 4,05,839 Cr.
Current Price 2,999
Intrinsic Value₹2,150.18
High / Low 3,245/1,753
Stock P/E171
Book Value 627
Dividend Yield0.04 %
ROCE5.80 %
ROE3.38 %
Face Value 1.00
PEG Ratio2.28

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 4,05,839 Cr. 2,999 3,245/1,753171 6270.04 %5.80 %3.38 % 1.00
MMTC Ltd 9,692 Cr. 64.6 78.4/50.148.1 14.10.00 %8.66 %5.23 % 1.00
MSTC Ltd 5,143 Cr. 731 744/36222.0 1281.04 %30.3 %26.6 % 10.0
BN Holdings Ltd 2,336 Cr. 239 420/195120 33.10.00 %1.19 %6.10 % 10.0
TIL Ltd 2,038 Cr. 248 366/161 13.50.00 %2.90 %26.0 % 10.0
Industry Average14,478.97 Cr157.2575.99118.840.31%74.93%15.08%7.55

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: June 15, 2026, 4:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 110110110110110110110110114114115129
Reserves 25,61813,26814,02614,97914,64616,83717,04922,14732,93738,96250,19980,797
Borrowings 83,57119,16920,84617,63711,24312,41916,22741,60453,20065,31091,473106,622
Other Liabilities 21,4209,13212,63023,67916,53717,50918,23137,72655,02756,20056,05673,321
Total Liabilities 130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843260,868
Fixed Assets 83,83410,47313,66810,5559,02010,47610,83830,12356,88165,97877,260115,174
CWIP 6,7337,7057,7315,5265,7657,3478,82523,54424,02535,18051,51651,753
Investments 7448051,0421,4611,5111,9525,5034,2926,3108,7019,8879,428
Other Assets 39,40722,69625,17038,86426,24027,09926,45143,62754,06250,72859,18084,513
Total Assets 130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843260,868

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 8,5325,1127742,9423,2362,4544,0431,38517,62610,3124,5132,357
Cash from Investing Activity + -11,465-1,825-1,460-7,6492,487-1,082-8,611-17,041-15,459-18,767-26,417-27,680
Cash from Financing Activity + 3,445-3,4487165,120-6,158-2213,10915,901-1,1988,87922,65528,484
Net Cash Flow 512-16130413-4361,151-1,4592469704247513,161
Free Cash Flow -621-778-3,373-4,3521,471-268684-10,2602,972-11,934-25,002-30,993
CFO/OP 75%317%52%157%175%119%166%43%210%106%46%36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow9.00-71.00-18.00-19.00-15.00-10.00-10.00-14.00-38.00-45.00-54.00-77.00

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

MonthDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters 72.61%72.61%74.72%74.89%73.97%73.97%73.97%73.97%73.97%74.67%74.84%71.97%
FIIs 14.65%14.41%11.73%11.31%11.72%11.71%11.55%11.72%11.64%10.80%8.77%10.51%
DIIs 5.44%5.77%6.02%6.46%6.61%6.86%7.04%6.84%6.71%6.70%9.34%10.75%
Public 7.30%7.22%7.53%7.36%7.68%7.45%7.44%7.47%7.66%7.84%7.06%6.78%
No. of Shareholders 5,61,3095,37,3426,43,9755,84,9286,67,2106,55,9466,21,7396,18,4136,42,6146,64,8825,96,4145,88,595

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Adani Enterprises Ltd and is it undervalued?

As of 31 August 2026, Adani Enterprises Ltd's intrinsic value is ₹2150.18, which is 28.30% lower than the current market price of ₹2,999.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.38 %), book value (₹627), dividend yield (0.04 %), 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 ₹2,999.00 as of 31 August 2026, with a FY2026-2027 high of ₹3,245 and low of ₹1,753. The stock is currently near its 52-week high. Market cap stands at ₹4,05,839 Cr..

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

Adani Enterprises Ltd has a P/E ratio of 171, which is above the industry average of 75.99. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Adani Enterprises Ltd financially healthy?

Key indicators for Adani Enterprises Ltd: ROCE of 5.80 % is on the lower side compared to the industry average of 74.93%; ROE of 3.38 % is below ideal levels (industry average: 15.08%). Dividend yield is 0.04 %.

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 0.04 % at the current price of ₹2,999.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 512599 | NSE: ADANIENT
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
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