Adani Enterprises

₹3060 -0.3 | 0%

WEBSITE BSE:512599 NSE : ADANI ENTER 18 May, 12:50

Market Cap ₹348840 Cr.

Stock P/E 107.6

P/B 21

Current Price ₹3060

Book Value ₹ 146

Face Value 1

52W High ₹3349.4

Dividend Yield 0.04%

52W Low ₹ 1873.6

Edit Ratio

Adani Enterprises Research see more...

Equity Research Report: Adani Enterprises

Overview Inc. Year: 1993Industry: Trading

Adani Enterprises Limited is a holding organisation. The Company is an integrated infrastructure with corporations spanning coal buying and selling, coal mining, oil and gas exploration, ports, multi-version logistics, power generation and transmission, gasoline distribution, and edible oil and agro commodities. Its segments consist of Integrated Resources Management, Mining, Solar Manufacturing, Airport, and Others. Integrated Resources Management offers end-to-end procurement and logistics services. The Mining phase includes mining provider contracts for nine coal blocks with a potential of about one hundred plus millinewton (Mn) metric tons/annum. The Solar Manufacturing segment is engaged within the manufacture of solar photovoltaic cells and modules. Airport section is engaged inside the management of airports. Its road, metro, and rail enterprise are engaged in the development of infrastructure initiatives. Its data centres segment is engaged within the development of data facilities.

Adani Enterprises Share Price

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Peer Comparison

Adani Enterprises Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Adani Enterprises Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Net Sales	11891	11685	14916	8149	7779	9538	15541	16209	13359	26824	67325
Other Income	614	1204	1297	993	687	618	382	410	392	515	1268
Total Income	12505	12889	16213	9142	8467	10156	15924	16619	13751	27339	68592
Total Expenditure	11737	12503	14841	7871	7208	8915	14593	15463	12355	25530	65511
Operating Profit	768	386	1371	1271	1258	1241	1330	1156	1396	1809	3082
Interest	302	744	929	717	782	666	581	381	506	571	665
Depreciation	58	15	82	79	79	87	101	121	122	125	131
Exceptional Income / Expenses	203	0	71	42	0	-181	-21	315	-213	0	-72
Profit Before Tax	611	-373	432	516	397	306	627	970	555	1113	2214
Provision for Tax	91	-171	25	-4	167	96	142	271	186	393	591
Profit After Tax	520	-202	407	520	231	209	485	699	369	721	1623
Adjustments	0	23	0	0	-9	-12	2	0	0	0	0
Profit After Adjustments	520	-179	407	520	222	197	487	699	369	721	1623
Adjusted Earnings Per Share	4.7	-1.8	3.7	4.7	2.1	1.9	4.4	6.4	3.4	6.6	14.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	151%	61%	48%	19%
Operating Profit CAGR	70%	39%	20%	15%
PAT CAGR	125%	32%	51%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	62%	32%	82%	19%
ROE Average	17%	14%	15%	9%
ROCE Average	22%	19%	19%	13%

Adani Enterprises Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	10367	10034	10278	3545	3767	3908	3249	3761	4128	4731	13934
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1490	2041	2535	1911	1858	1597	928	1051	1338	2432	900
Other Non-Current Liabilities	419	145	168	282	-152	-90	-48	10	95	317	343
Total Current Liabilities	8027	10226	9572	8340	8939	9091	10376	8985	7431	14172	24960
Total Liabilities	20303	22446	22553	14079	14412	15197	14505	13807	12992	21652	40137
Fixed Assets	917	924	898	1079	1162	1253	1548	1510	1409	1665	1650
Other Non-Current Assets	9963	11027	8561	2544	4308	4146	2572	3166	3533	4533	11184
Total Current Assets	9423	10495	13093	10456	8941	8185	10385	9131	8050	15453	27304
Total Assets	20303	22446	22553	14079	14412	15197	14505	13807	12992	21652	40137

Adani Enterprises Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	99	221	150	183	79	260	273	141	411	19	64
Cash Flow from Operating Activities	-137	588	220	-704	-156	986	1908	601	1557	2105	11187
Cash Flow from Investing Activities	-2967	-1051	1863	1100	646	172	2397	91	-1318	-3126	-16009
Cash Flow from Financing Activities	3227	392	-2050	-530	-308	-1145	-4437	-422	-632	1066	5110
Net Cash Inflow / Outflow	122	-71	33	-135	181	13	-132	270	-392	45	289
Closing Cash & Cash Equivalent	221	150	183	79	260	273	141	411	19	64	352

Adani Enterprises Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.73	-1.84	3.7	4.73	2.1	1.9	4.41	6.35	3.35	6.55	14.23
CEPS(Rs)	5.25	-1.7	4.44	5.45	2.81	2.7	5.33	7.45	4.46	7.69	15.38
DPS(Rs)	1.4	1.4	1.4	0.4	0.4	0.4	0.4	1	1	1	1.2
Book NAV/Share(Rs)	94.26	91.24	93.44	32.23	34.25	35.54	29.54	34.2	37.53	43.01	122.23
Core EBITDA Margin(%)	1.29	-7	0.5	3.41	7.34	6.53	6.1	4.6	7.51	4.83	2.69
EBIT Margin(%)	7.68	3.18	9.12	15.13	15.16	10.19	7.77	8.33	7.94	6.28	4.28
Pre Tax Margin(%)	5.14	-3.19	2.9	6.33	5.11	3.2	4.04	5.98	4.16	4.15	3.29
PAT Margin (%)	4.37	-1.73	2.73	6.38	2.96	2.19	3.12	4.31	2.76	2.69	2.41
Cash Profit Margin (%)	4.86	-1.6	3.28	7.36	3.98	3.11	3.77	5.06	3.67	3.15	2.6
ROA(%)	3.02	-0.95	1.81	2.84	1.62	1.41	3.27	4.94	2.75	4.16	5.25
ROE(%)	5.1	-1.98	4.01	7.53	6.31	5.45	13.55	19.94	9.35	16.27	17.39
ROCE(%)	6.76	2.31	8.27	9.29	11.1	9.01	14.47	20.96	15.38	20.43	21.88
Receivable days	84.89	106.39	84.52	144.16	130.56	106.36	91.8	101.66	88.91	42.03	22.24
Inventory Days	21.18	28.2	20.23	24.98	26.39	36.14	37.53	38.61	35.88	40.43	24.21
Payable days	91.56	139.93	141.85	232.56	160.1	134.23	134.08	158.75	142.1	97.65	91.41
PER(x)	42.73	0	166.36	15.57	51.63	82.23	33.42	21.65	307.4	307.6	122.94
Price/Book(x)	2.14	4.04	6.59	2.28	3.16	4.4	4.99	4.02	27.46	46.86	14.32
Dividend Yield(%)	0.69	0.38	0.23	0.54	0.37	0.26	0.27	0.73	0.1	0.05	0.07
EV/Net Sales(x)	2.14	4.01	4.93	1.8	2.41	2.45	1.2	1.07	8.67	8.42	2.99
EV/Core EBITDA(x)	33.08	121.46	53.57	11.55	14.91	18.83	14.07	15.01	83.01	124.87	65.25
Net Sales Growth(%)	125.11	-1.73	26.52	-45.37	-4.53	10.97	62.94	4.19	-17.58	100.8	150.99
EBIT Growth(%)	65.41	-59.38	241.34	-9.37	-4.37	-17.46	24.3	11.52	-21.43	58.74	70.9
PAT Growth(%)	43.71	-138.88	327.67	27.84	-55.67	-5.59	131.74	43.44	-47.23	95.41	125.16
EPS Growth(%)	43.71	-138.88	301.28	27.84	-55.67	-9.25	131.74	44.13	-47.23	95.41	117.22
Debt/Equity(x)	0.49	0.66	0.59	1.89	1.91	1.71	0.88	0.8	0.7	1	0.21
Current Ratio(x)	1.17	1.03	1.37	1.25	1	0.9	1	1.02	1.08	1.09	1.09
Quick Ratio(x)	1.08	0.92	1.31	1.19	0.93	0.76	0.82	0.85	0.94	0.75	0.93
Interest Cover(x)	3.02	0.5	1.47	1.72	1.51	1.46	2.08	3.54	2.1	2.95	4.33
Total Debt/Mcap(x)	0.23	0.16	0.09	0.83	0.61	0.39	0.18	0.2	0.03	0.02	0.01

Adani Enterprises Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.92	74.92	72.28	72.63	72.63	69.23	67.65	72.61	72.61	72.61
FII	17.25	16.62	15.83	15.59	15.39	17.75	19.34	14.53	14.65	14.41
DII	4.96	5.69	5.68	5.32	5.45	5.16	5.46	5.64	5.44	5.77
Public	2.87	2.77	6.22	6.45	6.53	7.86	7.55	7.22	7.3	7.21
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	82.4	82.4	82.4	82.79	82.79	78.92	77.12	82.78	82.78	82.78
FII	18.97	18.28	18.04	17.78	17.55	20.24	22.05	16.56	16.7	16.43
DII	5.45	6.26	6.47	6.07	6.22	5.88	6.23	6.43	6.2	6.58
Public	3.16	3.05	7.09	7.36	7.44	8.96	8.6	8.23	8.32	8.22
Others	0	0	0	0	0	0	0	0	0	0
Total	109.98	109.98	114	114	114	114	114	114	114	114

Pros

Company has delivered good profit growth of 50% CAGR over last 5 years
Debtor days have improved from 97.65 to 91.41days.
Company has reduced debt.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 21 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Adani Enterprises

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Adani Enterprises Research see more...

Overview Inc. Year: 1993Industry: Trading

Adani Enterprises Share Price

Alert Data

Quarterly Price

Peer Comparison

Adani Enterprises Quarterly Results

Adani Enterprises Profit & Loss

Growth Rates

Adani Enterprises Balance Sheet

Adani Enterprises Cash Flow

Adani Enterprises Ratios

Adani Enterprises Shareholding Pattern

Adani Enterprises News

Top Unlisted Companies & InstaBuy Companies

IPO

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