About the Company - Adani Enterprises Ltd
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.
Management |
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Name | Position Held |
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Mr. Gautam S Adani | 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 |
Mr. Narendra Mairpady | Ind. Non-Executive Director |
Adani Enterprises Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹2,396.70 |
Previous Day | ₹2,423.70 |
Basic Stock Data of Adani Enterprises Ltd
Market Cap | 2,74,489 Cr. |
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Current Price | 2,408 |
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High / Low | 4,190/1,017 |
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Stock P/E | 105 |
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Book Value | 322 |
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Dividend Yield | 0.05 % |
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ROCE | 9.49 % |
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ROE | 9.63 % |
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Face Value | 1.00 |
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Adani Enterprises Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 9,126 | 11,620 | 13,525 | 12,579 | 13,218 | 18,758 | 24,866 | 40,844 | 38,175 | 26,612 | 31,346 | 25,438 | 22,517 |
Expenses | 8,361 | 10,848 | 12,621 | 11,782 | 12,335 | 17,986 | 23,603 | 39,102 | 36,306 | 24,983 | 27,759 | 22,914 | 20,087 |
Operating Profit | 765 | 772 | 904 | 796 | 883 | 772 | 1,262 | 1,742 | 1,869 | 1,629 | 3,587 | 2,524 | 2,430 |
OPM % | 8% | 7% | 7% | 6% | 7% | 4% | 5% | 4% | 5% | 6% | 11% | 10% | 11% |
Other Income | 186 | 88 | -16 | 152 | 379 | 206 | 276 | 222 | 266 | 339 | 1 | 371 | 461 |
Interest | 304 | 323 | 436 | 443 | 754 | 708 | 622 | 915 | 934 | 596 | 1,525 | 1,103 | 1,343 |
Depreciation | 124 | 132 | 156 | 126 | 320 | 354 | 449 | 417 | 531 | 592 | 895 | 714 | 757 |
Profit before tax | 524 | 404 | 296 | 380 | 189 | -84 | 468 | 632 | 670 | 780 | 1,168 | 1,079 | 791 |
Tax % | 24% | 29% | 29% | 48% | 35% | -16% | 46% | 35% | 35% | 18% | 38% | 33% | 50% |
Net Profit | 436 | 343 | 333 | 266 | 195 | 2 | 326 | 469 | 432 | 740 | 781 | 677 | 333 |
EPS in Rs | 3.29 | 2.70 | 2.13 | 2.47 | 1.93 | -0.11 | 2.77 | 4.12 | 4.04 | 7.19 | 6.34 | 5.91 | 2.00 |
Adani Enterprises Ltd Quarterly Chart
Adani Enterprises Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 39,356 | 46,375 | 54,947 | 64,465 | 34,008 | 36,533 | 35,924 | 40,379 | 43,403 | 39,537 | 69,420 | 136,978 | 105,914 |
Expenses | 34,355 | 40,354 | 45,564 | 52,015 | 32,325 | 34,631 | 33,886 | 38,409 | 41,108 | 37,031 | 65,707 | 128,150 | 95,744 |
Operating Profit | 5,001 | 6,021 | 9,383 | 12,450 | 1,684 | 1,902 | 2,038 | 1,969 | 2,294 | 2,506 | 3,714 | 8,828 | 10,170 |
OPM % | 13% | 13% | 17% | 19% | 5% | 5% | 6% | 5% | 5% | 6% | 5% | 6% | 10% |
Other Income | 545 | 1,775 | 1,157 | 792 | 1,044 | 749 | 363 | 504 | 872 | 494 | 1,012 | 828 | 1,172 |
Interest | 1,826 | 3,492 | 5,703 | 7,056 | 1,357 | 1,257 | 1,250 | 1,625 | 1,572 | 1,377 | 2,526 | 3,970 | 4,567 |
Depreciation | 1,224 | 2,298 | 3,223 | 3,522 | 314 | 315 | 664 | 390 | 472 | 537 | 1,248 | 2,436 | 2,958 |
Profit before tax | 2,496 | 2,005 | 1,614 | 2,663 | 1,056 | 1,079 | 487 | 459 | 1,122 | 1,086 | 952 | 3,250 | 3,817 |
Tax % | 19% | 39% | -64% | 14% | 7% | 25% | 23% | 32% | 29% | 31% | 50% | 32% | |
Net Profit | 2,020 | 1,218 | 2,646 | 2,298 | 1,000 | 925 | 594 | 506 | 1,040 | 1,046 | 788 | 2,422 | 2,531 |
EPS in Rs | 16.72 | 14.67 | 20.19 | 17.71 | 9.19 | 8.98 | 6.89 | 6.52 | 10.35 | 8.39 | 7.06 | 21.69 | 21.44 |
Dividend Payout % | 6% | 10% | 7% | 8% | 4% | 4% | 6% | 6% | 10% | 12% | 14% | 6% | |
Adani Enterprises Ltd Profit & Loss Yearly Chart
Adani Enterprises Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 11% |
5 Years:: | 31% |
3 Years:: | 47% |
TTM:: | -14% |
Adani Enterprises Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 13% |
5 Years:: | 27% |
3 Years:: | 46% |
TTM:: | 116% |
Adani Enterprises Ltd Growth
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Stock Price CAGR |
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10 Years:: | 37% |
5 Years:: | 70% |
3 Years:: | 77% |
1 Year:: | -43% |
Adani Enterprises Ltd Growth
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Return on Equity |
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10 Years:: | 7% |
5 Years:: | 6% |
3 Years:: | 7% |
Last Year:: | 10% |
Adani Enterprises Ltd Balance Sheet
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 114 | 114 |
Reserves | 19,363 | 21,286 | 23,647 | 25,618 | 13,268 | 14,026 | 14,979 | 14,646 | 16,837 | 17,049 | 22,147 | 32,937 | 36,558 |
Borrowings | 69,479 | 69,332 | 71,980 | 83,571 | 19,169 | 20,846 | 17,637 | 11,243 | 12,419 | 16,227 | 41,604 | 53,200 | 57,145 |
Other Liabilities | 18,008 | 21,143 | 22,365 | 21,420 | 9,132 | 12,630 | 23,679 | 16,537 | 17,509 | 18,231 | 37,726 | 55,027 | 54,334 |
Total Liabilities | 106,960 | 111,871 | 118,102 | 130,718 | 41,679 | 47,611 | 56,405 | 42,536 | 46,875 | 51,617 | 101,586 | 141,278 | 148,150 |
Fixed Assets | 37,735 | 48,770 | 70,579 | 83,834 | 10,473 | 13,668 | 10,555 | 9,020 | 10,476 | 10,838 | 30,123 | 56,881 | 67,304 |
CWIP | 37,221 | 29,248 | 13,574 | 6,733 | 7,705 | 7,731 | 5,526 | 5,765 | 7,347 | 8,825 | 23,544 | 24,025 | 22,348 |
Investments | 542 | 323 | 288 | 744 | 805 | 1,042 | 1,461 | 1,511 | 1,952 | 5,503 | 4,292 | 6,310 | 7,735 |
Other Assets | 31,463 | 33,529 | 33,661 | 39,407 | 22,696 | 25,170 | 38,864 | 26,240 | 27,099 | 26,451 | 43,627 | 54,062 | 50,763 |
Total Assets | 106,960 | 111,871 | 118,102 | 130,718 | 41,679 | 47,611 | 56,405 | 42,536 | 46,875 | 51,617 | 101,586 | 141,278 | 148,150 |
Adani Enterprises Ltd Reserves and Borrowings Chart
Adani Enterprises Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 645 | 7,666 | 8,228 | 8,532 | 5,112 | 774 | 2,942 | 3,236 | 2,454 | 4,043 | 1,385 | 17,626 |
Cash from Investing Activity | -34,827 | -14,790 | -8,007 | -11,465 | -1,825 | -1,460 | -7,649 | 2,487 | -1,082 | -8,611 | -17,041 | -15,459 |
Cash from Financing Activity | 34,872 | 7,199 | -1,109 | 3,445 | -3,448 | 716 | 5,120 | -6,158 | -221 | 3,109 | 15,901 | -1,198 |
Net Cash Flow | 690 | 75 | -888 | 512 | -161 | 30 | 413 | -436 | 1,151 | -1,459 | 246 | 970 |
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Adani Enterprises Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 87 | 71 | 67 | 87 | 109 | 127 | 123 | 129 | 111 | 111 | 72 | 33 |
Inventory Days | 62 | 40 | 38 | 35 | 17 | 19 | 28 | 29 | 27 | 21 | 46 | 25 |
Days Payable | 53 | 66 | 86 | 89 | 69 | 101 | 104 | 133 | 126 | 142 | 120 | 101 |
Cash Conversion Cycle | 95 | 45 | 19 | 33 | 57 | 46 | 47 | 26 | 11 | -10 | -2 | -43 |
Working Capital Days | 52 | -2 | 11 | 28 | 116 | 88 | 120 | 53 | 47 | 29 | 18 | -17 |
ROCE % | 6% | 5% | 7% | 9% | 3% | 7% | 6% | 7% | 9% | 8% | 7% | 9% |
Adani Enterprises Ltd Financial Efficiency Indicators Chart
Adani Enterprises Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 72.28% | 72.62% | 72.62% | 69.23% | 67.65% | 72.61% |
FIIs | 20.26% | 20.51% | 19.65% | 18.05% | 17.25% | 16.62% | 15.83% | 15.59% | 15.39% | 17.75% | 19.34% | 14.52% |
DIIs | 1.24% | 0.83% | 2.14% | 3.87% | 4.96% | 5.69% | 5.68% | 5.33% | 5.45% | 5.15% | 5.46% | 5.65% |
Public | 3.59% | 3.74% | 3.29% | 3.16% | 2.87% | 2.77% | 6.22% | 6.46% | 6.53% | 7.87% | 7.54% | 7.23% |
No. of Shareholders | 1,08,503 | 1,48,923 | 2,22,685 | 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 |
Adani Enterprises Ltd Shareholding Pattern Chart
No. of Adani Enterprises Ltd Shareholders
Adani Enterprises Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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SBI Nifty 50 ETF | 6135579 | 0.91 | 1407.9 |
UTI Nifty 50 ETF | 1668651 | 0.93 | 402.8 |
Kotak Equity Arbitrage Fund - Regular Plan | 1587900 | 1.26 | 364.37 |
Nippon India ETF Nifty 50 BeES | 640519 | 0.91 | 146.98 |
UTI Nifty 50 Index Fund | 484416 | 0.93 | 116.93 |
ICICI Prudential Equity - Arbitrage Fund | 453900 | 0.78 | 109.57 |
Nippon India Arbitrage Fund | 456000 | 0.92 | 104.64 |
Edelweiss Arbitrage Fund | 438900 | 1.43 | 100.71 |
HDFC Index Nifty 50 Plan - Regular Plan | 377257 | 0.93 | 91.07 |
Quant Small Cap Fund | 382250 | 0.92 | 87.71 |
Adani Enterprises Ltd ROCE Trend
Adani Enterprises Ltd EPS Trend
Adani Enterprises Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Basic EPS (Rs.) | 21.78 | 7.06 | 8.39 | 10.35 | 6.52 |
Diluted EPS (Rs.) | 21.78 | 7.06 | 8.39 | 10.35 | 6.52 |
Cash EPS (Rs.) | 40.75 | 15.67 | 11.67 | 11.55 | 6.40 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 322.04 | 239.03 | 171.94 | 165.57 | 137.70 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 322.04 | 239.03 | 171.94 | 165.57 | 137.70 |
Revenue From Operations / Share (Rs.) | 1201.56 | 631.21 | 359.49 | 394.64 | 367.15 |
PBDIT / Share (Rs.) | 87.94 | 42.97 | 29.63 | 26.99 | 23.10 |
PBIT / Share (Rs.) | 66.57 | 31.62 | 24.75 | 22.69 | 19.56 |
PBT / Share (Rs.) | 28.51 | 8.66 | 9.87 | 10.20 | 3.35 |
Net Profit / Share (Rs.) | 19.38 | 4.32 | 6.79 | 7.26 | 2.86 |
NP After MI And SOA / Share (Rs.) | 21.69 | 7.06 | 8.39 | 10.35 | 6.52 |
PBDIT Margin (%) | 7.31 | 6.80 | 8.24 | 6.83 | 6.29 |
PBIT Margin (%) | 5.54 | 5.00 | 6.88 | 5.75 | 5.32 |
PBT Margin (%) | 2.37 | 1.37 | 2.74 | 2.58 | 0.91 |
Net Profit Margin (%) | 1.61 | 0.68 | 1.88 | 1.83 | 0.77 |
NP After MI And SOA Margin (%) | 1.80 | 1.11 | 2.33 | 2.62 | 1.77 |
Return on Networth / Equity (%) | 7.75 | 3.59 | 5.37 | 6.71 | 4.86 |
Return on Capital Employeed (%) | 7.84 | 6.00 | 9.02 | 10.57 | 10.74 |
Return On Assets (%) | 1.74 | 0.76 | 1.78 | 2.42 | 1.68 |
Long Term Debt / Equity (X) | 1.02 | 0.96 | 0.55 | 0.20 | 0.20 |
Total Debt / Equity (X) | 1.20 | 1.90 | 0.89 | 0.68 | 0.67 |
Asset Turnover Ratio (%) | 0.94 | 0.73 | 0.44 | 0.57 | 0.43 |
Current Ratio (X) | 0.82 | 0.70 | 0.92 | 1.04 | 1.03 |
Quick Ratio (X) | 0.67 | 0.55 | 0.84 | 0.92 | 0.90 |
Dividend Payout Ratio (NP) (%) | 4.60 | 14.16 | 0.00 | 13.52 | 6.13 |
Dividend Payout Ratio (CP) (%) | 2.32 | 5.43 | 0.00 | 9.56 | 3.97 |
Earning Retention Ratio (%) | 95.40 | 85.84 | 0.00 | 86.48 | 93.87 |
Cash Earning Retention Ratio (%) | 97.68 | 94.57 | 0.00 | 90.44 | 96.03 |
Interest Coverage Ratio (%) | 2.53 | 1.87 | 2.37 | 1.89 | 1.56 |
Interest Coverage Ratio (Post Tax) (%) | 1.65 | 1.19 | 1.73 | 1.38 | 1.23 |
Enterprise Value (Cr.) | 237284.97 | 263466.46 | 128606.81 | 24667.09 | 24835.40 |
EV / Net Operating Revenue (X) | 1.73 | 3.80 | 3.25 | 0.56 | 0.61 |
EV / EBITDA (X) | 23.67 | 55.75 | 39.46 | 8.31 | 9.77 |
MarketCap / Net Operating Revenue (X) | 1.46 | 3.19 | 2.87 | 0.34 | 0.40 |
Retention Ratios (%) | 95.39 | 85.83 | 0.00 | 86.47 | 93.86 |
Price / BV (X) | 6.26 | 10.26 | 6.61 | 0.89 | 1.10 |
Price / Net Operating Revenue (X) | 1.46 | 3.19 | 2.87 | 0.34 | 0.40 |
EarningsYield | 0.01 | 0.00 | 0.01 | 0.07 | 0.04 |
Adani Enterprises Ltd Profitability Ratios (%)
Adani Enterprises Ltd Liquidity Ratios
Adani Enterprises Ltd Liquidity Ratios (%)
Adani Enterprises Ltd Interest Coverage Ratios (%)
Adani Enterprises Ltd Valuation Ratios
Fair Value of Adani Enterprises Ltd Stock
Fair Value: ₹3257.53
The stock is undervalued by 35.28% compared to the current price ₹2408
*This is not Investment Advice
Strength and Weakness of Adani Enterprises Ltd Stock
Strength | Weakness |
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The stock has a high average ROCE, which is a positive sign. The company has shown consistent growth in sales and profit over the years. | The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. The company has higher borrowings compared to reserves, which may suggest financial risk. |