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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 533096 | NSE: ADANIPOWER

Adani Power Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:57 am

Market Cap 1,92,037 Cr.
Current Price 498
High / Low 897/431
Stock P/E15.1
Book Value 145
Dividend Yield0.00 %
ROCE32.2 %
ROE57.1 %
Face Value 10.0
PEG Ratio0.11

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Muzali Arts Ltd 5.80 Cr. 0.98 1.35/0.87 2.370.00 %7.96 %14.0 % 1.00
IND Renewable Energy Ltd 22.2 Cr. 15.9 24.3/11.0739 18.70.00 %0.07 %0.34 % 10.0
GMR Power & Urban Infra Ltd 7,255 Cr. 101 169/38.6 11.10.00 %11.4 %% 5.00
Gita Renewable Energy Ltd 62.9 Cr. 153 310/121242 32.20.00 %2.71 %1.91 % 10.0
SJVN Ltd 43,833 Cr. 112 170/88.847.4 37.21.61 %4.99 %5.90 % 10.0
Industry Average56,051.00 Cr213.8789.4787.840.69%8.19%10.02%8.08

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales6,5695,1845,36110,59813,7237,0447,76410,24211,00612,99112,99113,36414,956
Expenses4,9214,0203,5905,3668,0036,0966,2958,3357,4917,8198,3468,5148,761
Operating Profit1,6481,1631,7715,2325,7209481,4701,9073,5145,1714,6454,8506,194
OPM %25%22%33%49%42%13%19%19%32%40%36%36%41%
Other Income6443882332,7101,7861,4025265537,1031,945364518518
Interest1,0689761,0151,035823818946746883888797820811
Depreciation7747857847748168338388179351,0041,002990996
Profit before tax450-2102046,1335,8666992128988,8005,2243,2103,5584,906
Tax %38%10%-7%24%19%0%96%-484%0%-26%15%23%20%
Net Profit278-2312184,6454,78069695,2428,7596,5942,7382,7373,913
EPS in Rs0.72-0.600.5712.0412.391.800.0213.5922.7117.107.107.1010.14

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,0356,69215,32818,68325,37722,61620,30423,88426,46826,22127,71138,77347,230
Expenses2,6615,73210,73514,00516,57516,63514,86818,90120,73417,53317,83028,67731,991
Operating Profit1,3739604,5934,6788,8025,9805,4364,9835,7348,6889,88110,09615,238
OPM %34%14%30%25%35%26%27%21%22%33%36%26%32%
Other Income-452151371,188-201-3,6667542,4483231,9093,9084,2169,966
Interest7381,7034,1624,8645,5605,9025,5705,6575,3155,1064,0953,3343,314
Depreciation5901,2901,9371,8182,6662,6722,6992,7513,0063,2023,1183,3043,758
Profit before tax0-1,818-1,370-816375-6,260-2,079-976-2,2652,2896,5777,67518,131
Tax %86,718%-26%79%0%-47%1%0%-1%-0%45%25%-40%
Net Profit-294-2,295-291-816551-6,174-2,103-984-2,2751,2704,91210,72723,334
EPS in Rs-1.32-9.59-1.01-2.841.65-16.01-5.45-2.55-5.903.2912.7327.8160.50
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-680.61%87.32%-180.41%167.52%-1220.51%65.94%53.21%-131.20%155.82%286.77%118.38%
Change in YoY Net Profit Growth (%)0.00%767.93%-267.73%347.94%-1388.03%1286.45%-12.73%-184.41%287.02%130.95%-168.39%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:16%
3 Years:24%
TTM:30%
Compounded Profit Growth
10 Years:60%
5 Years:88%
3 Years:153%
TTM:-38%
Stock Price CAGR
10 Years:28%
5 Years:52%
3 Years:71%
1 Year:-3%
Return on Equity
10 Years:26%
5 Years:39%
3 Years:48%
Last Year:57%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:46 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2,3932,8722,8723,3343,8573,8573,8573,8573,8573,8573,8573,8573,857
Reserves1,9003,6712,8534,134-857-2,9683,8552,6249,25614,60026,01939,28852,097
Borrowings41,79544,15044,74252,72952,48452,83546,98055,19952,51949,14542,35034,61637,705
Other Liabilities8,5998,0458,00815,59716,02715,80413,29313,34613,17514,37913,59614,24817,125
Total Liabilities54,68858,73958,47475,79471,51169,52867,98575,02578,80681,98185,82192,009110,784
Fixed Assets29,08946,36545,08056,94154,39152,13750,41955,84652,85153,27451,45163,01671,147
CWIP18,9763,660191881251203502,3476,43910,27012,8809259,455
Investments22115357016403320183654374321
Other Assets6,6008,59912,84618,76516,83117,27117,21316,83019,49518,25420,83627,69429,863
Total Assets54,68858,73958,47475,79471,51169,52867,98575,02578,80681,98185,82192,009110,784

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3,0013,2385,8245,2574,7255,1015,6105,5987,01410,2338,43114,170
Cash from Investing Activity +-4,064-4,700-4,737-2,692-1,212-520-984-2,304-2,1887741,5453,481
Cash from Financing Activity +8611,631-1,144-2,713-3,539-4,600-4,663-2,377-5,655-10,338-10,408-16,864
Net Cash Flow-203169-58-148-26-19-37917-828669-433787

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow1.00919.00-40.00-40.00-44.00-47.00-47.00-42.00-50.00-44.00-40.00-32.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days41376817912410913111516512610985
Inventory Days
Days Payable
Cash Conversion Cycle41376817912410913111516512610985
Working Capital Days-430-131-3840-5-71831136987473
ROCE %-0%6%7%11%6%6%9%7%12%16%16%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.97%74.97%74.97%74.97%74.97%74.97%74.97%70.02%71.75%71.75%72.71%74.96%
FIIs11.03%11.31%12.56%13.23%12.88%11.70%11.95%17.51%15.86%15.91%14.73%12.66%
DIIs5.53%5.56%5.00%0.00%0.00%0.01%0.04%0.76%1.18%1.41%1.42%1.52%
Public8.46%8.15%7.47%11.80%12.15%13.32%13.04%11.72%11.20%10.93%11.14%10.84%
No. of Shareholders11,42,69711,74,86315,02,71314,76,87214,88,29517,90,67516,70,03615,03,34714,60,76714,26,24917,90,38417,42,783

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant ELSS Tax Saver Fund9,543,7287.42537.034,501,0002024-12-21112.04%
Quant Small Cap Fund9,272,8593.33521.784,501,0002024-12-21106.02%
Quant Active Fund4,771,9933.3268.524,501,0002024-12-216.02%
Quant Mid Cap Fund4,501,0005.21253.274,501,0002024-12-210%
Quant Flexi Cap Fund3,063,0004.87172.364,501,0002024-12-21-31.95%
Quant Absolute Fund2,103,0007.05118.344,501,0002024-12-21-53.28%
Quant Large and Mid Cap Fund2,075,0006.91116.764,501,0002024-12-21-53.9%
Quant Infrastructure Fund1,575,0005.4288.634,501,0002024-12-21-65.01%
Quant Quantamental Fund1,560,0005.4887.784,501,0002024-12-21-65.34%
Quant Multi Asset Fund1,410,0005.4579.344,501,0002024-12-21-68.67%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)51.6224.579.630.06-8.19
Diluted EPS (Rs.)51.6224.579.630.06-8.19
Cash EPS (Rs.)64.2036.3820.8211.591.90
Book Value[Excl.RevalReserv]/Share (Rs.)92.2642.5614.231.29-5.53
Book Value[Incl.RevalReserv]/Share (Rs.)92.2642.5614.231.29-5.53
Revenue From Operations / Share (Rs.)130.55100.5371.8567.9868.62
PBDIT / Share (Rs.)72.8837.1135.7527.4718.30
PBIT / Share (Rs.)62.6928.5427.6719.1710.51
PBT / Share (Rs.)53.9119.9017.055.93-5.87
Net Profit / Share (Rs.)54.0027.8112.733.29-5.90
NP After MI And SOA / Share (Rs.)54.0027.8112.733.29-5.90
PBDIT Margin (%)55.8236.9149.7640.4126.67
PBIT Margin (%)48.0228.3938.5128.2015.31
PBT Margin (%)41.2919.7923.738.72-8.55
Net Profit Margin (%)41.3627.6617.724.84-8.59
NP After MI And SOA Margin (%)41.3627.6617.724.84-8.59
Return on Networth / Equity (%)58.5365.3589.48255.220.00
Return on Capital Employeed (%)31.5916.1716.4512.307.13
Return On Assets (%)22.5612.495.991.61-3.03
Long Term Debt / Equity (X)0.742.046.8780.12-20.84
Total Debt / Equity (X)0.962.568.8699.58-24.50
Asset Turnover Ratio (%)0.560.460.360.010.02
Current Ratio (X)1.621.100.940.940.80
Quick Ratio (X)1.360.920.810.830.66
Dividend Payout Ratio (NP) (%)7.830.000.000.000.00
Dividend Payout Ratio (CP) (%)6.590.000.000.000.00
Earning Retention Ratio (%)92.170.000.000.000.00
Cash Earning Retention Ratio (%)93.410.000.000.000.00
Interest Coverage Ratio (X)8.304.293.372.081.33
Interest Coverage Ratio (Post Tax) (X)7.154.222.201.250.76
Enterprise Value (Cr.)233089.99114277.37117803.6780836.2861091.86
EV / Net Operating Revenue (X)4.632.954.253.082.31
EV / EBITDA (X)8.297.988.547.638.65
MarketCap / Net Operating Revenue (X)4.091.912.581.250.40
Retention Ratios (%)92.160.000.000.000.00
Price / BV (X)5.784.5013.0065.93-5.01
Price / Net Operating Revenue (X)4.091.912.581.250.40
EarningsYield0.100.140.060.03-0.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,275.21

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 December 22, 2024, is Undervalued by 156.07% compared to the current share price 498.00

Intrinsic Value of as of December 22, 2024 is: 2,960.15

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 December 22, 2024, is Undervalued by 494.41% compared to the current share price 498.00

Last 5 Year EPS CAGR: 132.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -11.75, which is a positive sign.
  1. The stock has a low average ROCE of 10.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 107.42, which may not be favorable.
  3. The company has higher borrowings (46,711.46) compared to reserves (12,036.31), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (22.85) and profit (-107.38).
  • 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 :
    1. Net Profit Margin: 41.36%
      • 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: 31.59% (Industry Average ROCE: 8.19%)
      • 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%: 58.53% (Industry Average ROE: 8.86%)
      • 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): 7.15
      • 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: 1.36
      • 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: 15.1 (Industry average Stock P/E: 68.82)
      • 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: 0.96
      • 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 Power Ltd. is a Public Limited Listed company incorporated on 22/08/1996 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L40100GJ1996PLC030533 and registration number is 030533. Currently Company is involved in the business activities of Electric power generation by coal based thermal power plants. Company’s Total Operating Revenue is Rs. 581.32 Cr. and Equity Capital is Rs. 3856.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionAdani Corporate House, Ahmedabad Gujarat 382421investor.apl@adani.com
http://www.adanipower.com
Management
NamePosition Held
Mr. Gautam S AdaniNon Executive Chairman
Mr. Anil SardanaManaging Director
Mr. Rajesh S AdaniNon Executive Director
Mrs. Sangeeta SinghIndependent Director
Mr. Sushil Kumar RoongtaIndependent Director
Mrs. Chandra IyengarIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹1275.21, which is 156.07% higher than the current market price of ₹498.00. The stock has a market capitalization of 1,92,037 Cr. and recorded a high/low of 897/431 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹52,097 Cr and total liabilities of ₹110,784 Cr.

What is the Market Cap of ?

The Market Cap of is 1,92,037 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 498.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 897/431.

What is the Stock P/E of ?

The Stock P/E of is 15.1.

What is the Book Value of ?

The Book Value of is 145.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 32.2 %.

What is the ROE of ?

The ROE of is 57.1 %.

What is the Face Value of ?

The Face Value of is 10.0.

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 . 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