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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 AdaniChairman
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
Mr. Narendra MairpadyInd. Non-Executive Director

Adani Enterprises Ltd. Share Price Update

Share PriceValue
Today₹2,396.70
Previous Day₹2,423.70

Basic Stock Data of Adani Enterprises Ltd

Market Cap 2,74,489 Cr.
Current Price 2,408
High / Low4,190/1,017
Stock P/E105
Book Value 322
Dividend Yield0.05 %
ROCE9.49 %
ROE9.63 %
Face Value 1.00

Adani Enterprises Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales9,12611,62013,52512,57913,21818,75824,86640,84438,17526,61231,34625,43822,517
Expenses8,36110,84812,62111,78212,33517,98623,60339,10236,30624,98327,75922,91420,087
Operating Profit7657729047968837721,2621,7421,8691,6293,5872,5242,430
OPM %8%7%7%6%7%4%5%4%5%6%11%10%11%
Other Income18688-161523792062762222663391371461
Interest3043234364437547086229159345961,5251,1031,343
Depreciation124132156126320354449417531592895714757
Profit before tax524404296380189-844686326707801,1681,079791
Tax %24%29%29%48%35%-16%46%35%35%18%38%33%50%
Net Profit4363433332661952326469432740781677333
EPS in Rs3.292.702.132.471.93-0.112.774.124.047.196.345.912.00

Adani Enterprises Ltd Quarterly Chart

Adani Enterprises Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales39,35646,37554,94764,46534,00836,53335,92440,37943,40339,53769,420136,978105,914
Expenses34,35540,35445,56452,01532,32534,63133,88638,40941,10837,03165,707128,15095,744
Operating Profit5,0016,0219,38312,4501,6841,9022,0381,9692,2942,5063,7148,82810,170
OPM %13%13%17%19%5%5%6%5%5%6%5%6%10%
Other Income5451,7751,1577921,0447493635048724941,0128281,172
Interest1,8263,4925,7037,0561,3571,2571,2501,6251,5721,3772,5263,9704,567
Depreciation1,2242,2983,2233,5223143156643904725371,2482,4362,958
Profit before tax2,4962,0051,6142,6631,0561,0794874591,1221,0869523,2503,817
Tax %19%39%-64%14%7%25%23%32%29%31%50%32%
Net Profit2,0201,2182,6462,2981,0009255945061,0401,0467882,4222,531
EPS in Rs16.7214.6720.1917.719.198.986.896.5210.358.397.0621.6921.44
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

Compounded Sales Growth
10 Years::11%
5 Years::31%
3 Years::47%
TTM::-14%

Adani Enterprises Ltd Growth

Compounded Profit Growth
10 Years::13%
5 Years::27%
3 Years::46%
TTM::116%

Adani Enterprises Ltd Growth

Stock Price CAGR
10 Years::37%
5 Years::70%
3 Years::77%
1 Year::-43%

Adani Enterprises Ltd Growth

Return on Equity
10 Years::7%
5 Years::6%
3 Years::7%
Last Year::10%

Adani Enterprises Ltd Balance Sheet

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.92%74.92%74.92%74.92%74.92%74.92%72.28%72.62%72.62%69.23%67.65%72.61%
FIIs20.26%20.51%19.65%18.05%17.25%16.62%15.83%15.59%15.39%17.75%19.34%14.52%
DIIs1.24%0.83%2.14%3.87%4.96%5.69%5.68%5.33%5.45%5.15%5.46%5.65%
Public3.59%3.74%3.29%3.16%2.87%2.77%6.22%6.46%6.53%7.87%7.54%7.23%
No. of Shareholders1,08,5031,48,9232,22,6852,14,5882,45,6112,26,0712,34,3082,63,6092,53,4327,46,6056,61,2555,66,232

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)
SBI Nifty 50 ETF61355790.911407.9
UTI Nifty 50 ETF16686510.93402.8
Kotak Equity Arbitrage Fund - Regular Plan15879001.26364.37
Nippon India ETF Nifty 50 BeES6405190.91146.98
UTI Nifty 50 Index Fund4844160.93116.93
ICICI Prudential Equity - Arbitrage Fund4539000.78109.57
Nippon India Arbitrage Fund4560000.92104.64
Edelweiss Arbitrage Fund4389001.43100.71
HDFC Index Nifty 50 Plan - Regular Plan3772570.9391.07
Quant Small Cap Fund3822500.9287.71

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 (%)2.531.872.371.891.56
Interest Coverage Ratio (Post Tax) (%)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 (%)

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

StrengthWeakness

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.

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