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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 512599 | NSE: ADANIENT

Fundamental Analysis of Adani Enterprises Ltd

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.
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

Basic Stock Data of Adani Enterprises Ltd

Last Updated: June 17, 2024, 8:43 pm

Market Cap 3,71,840 Cr.
Current Price 3,262
High / Low3,744/2,142
Stock P/E106
Book Value 343
Dividend Yield0.04 %
ROCE9.87 %
ROE9.73 %
Face Value 1.00
PEG Ratio4.35

Competitors of Adani Enterprises Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chambal Breweries & Distilleries Ltd 7.12 Cr. 9.5014.8/2.62 1.600.00 %8.62 %8.62 % 10.0
AA Plus Tradelink Ltd 40.7 Cr. 16.726.6/9.1176.7 5.490.00 %4.90 %4.10 % 10.0
Aarnav Fashions Ltd 157 Cr. 37.138.5/24.627.9 42.40.00 %6.71 %3.20 % 10.0
Amraworld Agrico Ltd 11.8 Cr. 0.981.49/0.6627.4 0.940.00 %3.87 %3.87 % 1.00
MSTC Ltd 6,293 Cr. 8941,165/33530.8 1261.66 %34.7 %24.4 % 10.0
Industry Average641.17 Cr152.1641.3095.370.14%14.93%10.29%8.76

Adani Enterprises Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales11,62013,52512,57913,21818,75824,86640,84438,17526,61231,34625,43822,51728,336
Expenses10,84812,62111,78212,33517,98623,60339,10236,30624,98327,75922,91420,08725,109
Operating Profit7729047968837721,2621,7421,8691,6293,5872,5242,4303,227
OPM %7%7%6%7%4%5%4%5%6%11%10%11%11%
Other Income88-161523792062762222663391371461490
Interest3234364437547086229159345961,5251,1031,343597
Depreciation132156126320354449417531592895714757760
Profit before tax404296380189-844686326707801,1681,0797912,361
Tax %29%29%48%35%-16%46%35%35%18%38%33%50%19%
Net Profit34333326619523264694327407816773331,973
EPS in Rs2.702.132.471.93-0.112.774.124.047.196.345.912.0016.57

Last Updated: June 1, 2024, 11:28 pm

Adani Enterprises Ltd Quarterly Chart

Adani Enterprises Ltd Profit & Loss

Last Updated: May 30, 2024, 4:48 am

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%

Adani Enterprises Ltd 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%

Adani Enterprises Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:19%
3 Years:35%
TTM:-24%
Compounded Profit Growth
10 Years:5%
5 Years:43%
3 Years:48%
TTM:32%
Stock Price CAGR
10 Years:34%
5 Years:85%
3 Years:26%
1 Year:40%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:8%
Last Year:10%

Last Updated: May 31, 2024, 5:46 am

Adani Enterprises Ltd Balance Sheet

Last Updated: June 1, 2024, 11:28 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital110110110110110110110110110110110114114
Reserves19,36321,28623,64725,61813,26814,02614,97914,64616,83717,04922,14732,93736,558
Borrowings69,47969,33271,98083,57119,16920,84617,63711,24312,41916,22741,60453,20057,145
Other Liabilities18,00821,14322,36521,4209,13212,63023,67916,53717,50918,23137,72655,02754,334
Total Liabilities106,960111,871118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278148,150
Fixed Assets37,73548,77070,57983,83410,47313,66810,5559,02010,47610,83830,12356,88167,304
CWIP37,22129,24813,5746,7337,7057,7315,5265,7657,3478,82523,54424,02522,348
Investments5423232887448051,0421,4611,5111,9525,5034,2926,3107,735
Other Assets31,46333,52933,66139,40722,69625,17038,86426,24027,09926,45143,62754,06250,763
Total Assets106,960111,871118,102130,71841,67947,61156,40542,53646,87551,617101,586141,278148,150

Adani Enterprises Ltd Reserves and Borrowings Chart

Adani Enterprises Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6457,6668,2288,5325,1127742,9423,2362,4544,0431,38517,626
Cash from Investing Activity -34,827-14,790-8,007-11,465-1,825-1,460-7,6492,487-1,082-8,611-17,041-15,459
Cash from Financing Activity 34,8727,199-1,1093,445-3,4487165,120-6,158-2213,10915,901-1,198
Net Cash Flow69075-888512-16130413-4361,151-1,459246970

Adani Enterprises Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days877167871091271231291111117233
Inventory Days624038351719282927214625
Days Payable5366868969101104133126142120101
Cash Conversion Cycle954519335746472611-10-2-43
Working Capital Days52-211281168812053472918-17
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.92%74.92%74.92%74.92%72.28%72.62%72.62%69.23%67.65%72.61%72.61%72.61%
FIIs19.65%18.05%17.25%16.62%15.83%15.59%15.39%17.75%19.34%14.52%14.65%14.41%
DIIs2.14%3.87%4.96%5.69%5.68%5.33%5.45%5.15%5.46%5.65%5.44%5.77%
Public3.29%3.16%2.87%2.77%6.22%6.46%6.53%7.87%7.54%7.23%7.30%7.22%
No. of Shareholders2,22,6852,14,5882,45,6112,26,0712,34,3082,63,6092,53,4327,46,6056,61,2555,66,2325,61,3095,37,342

Adani Enterprises Ltd Shareholding Pattern Chart

No. of Adani Enterprises Ltd Shareholders

Adani Enterprises Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Nifty 50 ETF4,747,3800.871491.63753,0002024-06-17530.46%
Kotak Equity Arbitrage Fund - Regular Plan2,406,3002.1756.06753,0002024-06-17219.56%
UTI Nifty 50 ETF1,314,6470.87413.06753,0002024-06-1774.59%
Nippon India Arbitrage Fund914,1002.2287.21753,0002024-06-1721.39%
ICICI Prudential Equity - Arbitrage Fund885,3001.71278.16753,0002024-06-1717.57%
Edelweiss Arbitrage Fund753,0002.91236.59753,0002024-06-170%
Nippon India ETF Nifty 50 BeES560,5780.87176.13753,0002024-06-17-25.55%
Bandhan Arbitrage Fund546,3003.19171.65753,0002024-06-17-27.45%
Aditya Birla Sun Life Arbitrage Fund501,9001.61157.7753,0002024-06-17-33.35%
Invesco India Arbitrage Fund490,5001.2154.12753,0002024-06-17-34.86%

Adani Enterprises Ltd ROCE Trend

Adani Enterprises Ltd EPS Trend

Adani Enterprises Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)21.787.068.3910.356.52
Diluted EPS (Rs.)21.787.068.3910.356.52
Cash EPS (Rs.)40.7515.6711.6711.556.40
Book Value[Excl.RevalReserv]/Share (Rs.)322.04239.03171.94165.57137.70
Book Value[Incl.RevalReserv]/Share (Rs.)322.04239.03171.94165.57137.70
Revenue From Operations / Share (Rs.)1201.56631.21359.49394.64367.15
PBDIT / Share (Rs.)87.9442.9729.6326.9923.10
PBIT / Share (Rs.)66.5731.6224.7522.6919.56
PBT / Share (Rs.)28.518.669.8710.203.35
Net Profit / Share (Rs.)19.384.326.797.262.86
NP After MI And SOA / Share (Rs.)21.697.068.3910.356.52
PBDIT Margin (%)7.316.808.246.836.29
PBIT Margin (%)5.545.006.885.755.32
PBT Margin (%)2.371.372.742.580.91
Net Profit Margin (%)1.610.681.881.830.77
NP After MI And SOA Margin (%)1.801.112.332.621.77
Return on Networth / Equity (%)7.753.595.376.714.86
Return on Capital Employeed (%)7.846.009.0210.5710.74
Return On Assets (%)1.740.761.782.421.68
Long Term Debt / Equity (X)1.020.960.550.200.20
Total Debt / Equity (X)1.201.900.890.680.67
Asset Turnover Ratio (%)0.940.730.440.570.43
Current Ratio (X)0.820.700.921.041.03
Quick Ratio (X)0.670.550.840.920.90
Dividend Payout Ratio (NP) (%)4.6014.160.0013.526.13
Dividend Payout Ratio (CP) (%)2.325.430.009.563.97
Earning Retention Ratio (%)95.4085.840.0086.4893.87
Cash Earning Retention Ratio (%)97.6894.570.0090.4496.03
Interest Coverage Ratio (X)2.531.872.371.891.56
Interest Coverage Ratio (Post Tax) (X)1.651.191.731.381.23
Enterprise Value (Cr.)237284.97263466.46128606.8124667.0924835.40
EV / Net Operating Revenue (X)1.733.803.250.560.61
EV / EBITDA (X)23.6755.7539.468.319.77
MarketCap / Net Operating Revenue (X)1.463.192.870.340.40
Retention Ratios (%)95.3985.830.0086.4793.86
Price / BV (X)6.2610.266.610.891.10
Price / Net Operating Revenue (X)1.463.192.870.340.40
EarningsYield0.010.000.010.070.04

Adani Enterprises Ltd Profitability Ratios (%)

Adani Enterprises Ltd Liquidity Ratios

Adani Enterprises Ltd Liquidity Ratios (%)

Adani Enterprises Ltd Interest Coverage Ratios (X)

Adani Enterprises Ltd Valuation Ratios

Fair Value

Fair Value: 3,539.05

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.

Undervalued: 8.49% compared to the current price 3262

Intrinsic Value: 4,402.15

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 34.95% compared to the current price ₹3262

Last 5 Year EPS CAGR: 24.39%

*Investments are subject to market risks

Strength and Weakness of Adani Enterprises Ltd

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 6.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 45.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 27.00, which may not be favorable.
  4. The company has higher borrowings (41,834.77) compared to reserves (20,950.85), which may suggest financial risk.

Should I Buy Adani Enterprises Ltd Share Now?

  • 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: 1.61%
      • 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: 7.84% (Industry Average ROCE: %)
      • 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%: 7.75% (Industry Average ROE: %)
      • 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): 1.65
      • 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: 0.67
      • 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: 106 (Industry average Stock P/E: )
      • 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: 1.20
      • 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:

FAQ

What is the latest fair value of Adani Enterprises Ltd?

The latest fair value of Adani Enterprises Ltd is ₹3539.05.

What is the Market Cap of Adani Enterprises Ltd?

The Market Cap of Adani Enterprises Ltd is 3,71,840 Cr..

What is the current Stock Price of Adani Enterprises Ltd as on 23 June 2024?

The current stock price of Adani Enterprises Ltd as on 23 June 2024 is ₹3,262.

What is the High / Low of Adani Enterprises Ltd stocks in FY 2024?

In FY 2024, the High / Low of Adani Enterprises Ltd stocks is 3,744/2,142.

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

The Stock P/E of Adani Enterprises Ltd is 106.

What is the Book Value of Adani Enterprises Ltd?

The Book Value of Adani Enterprises Ltd is 343.

What is the Dividend Yield of Adani Enterprises Ltd?

The Dividend Yield of Adani Enterprises Ltd is 0.04 %.

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.

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 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