Is Adani Enterprises a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Adani Enterprises Ltd is a good quality company .

Is Adani Enterprises undervalued or overvalued?

The key valuation ratios of Adani Enterprises Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Adani Enterprises share price return in the past 10 years?

Adani Enterprises Ltd share price has appreciated 21.7% annually (CAGR) over the past ten years.

Is Adani Enterprises a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Adani Enterprises Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Adani Enterprises Ltd - Stock Valuation and Financial Performance

Name: Adani Enterprises
Brand: Adani Enterprises

BSE: 512599 | NSE: ADANIENT | Trading | Large Cap

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Adani Enterprises Share Price

₹3,411.45 218.35 6.84%
as on 31-May'24 16:01

10 Year X-Ray of Adani Enterprises:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	7.6%	8.6%	7.8%	7.8%	13.9%	14.8%	13.2%	15.4%	21.3%	17.2%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.4	-0.3	0.0	0.3	0.2	0.4	0.9	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	14,916	8,149	7,779	9,538	15,541	16,209	13,359	26,824	57,886	32,012	32,012
Sales YoY Gr.	-	-45.4%	-4.5%	22.6%	62.9%	4.3%	-17.6%	100.8%	115.8%	-44.7%	-
Adj EPS ⓘ	5.5	5.8	2.6	3.4	6.9	6.3	5.1	7.9	20.5	25.6	24.9
YoY Gr.	-	4.5%	-55.2%	33.3%	99.4%	-8.9%	-19.2%	57.2%	158.7%	24.7%	-
BVPS (₹) ⓘ	93.4	32.2	34.3	35.5	29.5	34.2	37.5	43	122.2	146	146
Adj Net Profit ⓘ	605	633	284	379	754	687	556	873	2,341	2,921	2,843
Cash Flow from Ops. ⓘ	220	-704	-156	986	1,908	601	1,557	2,105	11,187	508	-
Debt/CF from Ops. ⓘ	27.4	-9.5	-46.2	6.8	1.5	5	1.9	2.3	0.3	11.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.9%	15.6%	33.8%	-44.7%
Adj EPS ⓘ	18.6%	30.2%	71.8%	24.7%
BVPSⓘ	5.1%	37.7%	57.3%	19.4%
Share Price	21.7%	85.7%	30.2%	39.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6	9.2	7.8	9.9	21.1	19.6	14.1	19.7	25.1	19.1	17.1
Op. Profit Mgn % ⓘ	3.3	6	8.5	7.3	8.6	6.5	8.1	5.6	4.8	9.9	7.7
Net Profit Mgn % ⓘ	4.1	7.8	3.7	4	4.9	4.2	4.2	3.3	4	9.1	8.9
Debt to Equity ⓘ	0.6	1.9	1.9	1.7	0.9	0.8	0.7	1	0.2	0.3	0.2
Working Cap Days ⓘ	350	562	471	336	221	219	235	162	133	291	118
Cash Conv. Cycle ⓘ	-20	-20	23	32	14	3	-2	5	-44	-152	18

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 33.82%

Net Profit is growing at healthy rate in last 3 years 71.83%

Debt to equity has declined versus last 3 years average to 0.34

Return on Equity has declined versus last 3 years average to 17.10%

Sales growth is not so good in last 4 quarters at -30.13%

Latest Financials - Adani Enterprises Ltd.

	Standalone	Consolidated
TTM EPS (₹)	24.9	28.4
TTM Sales (₹ Cr.)	32,012	96,421
BVPS (₹.) ⓘ	146	319.8
Reserves (₹ Cr.) ⓘ	16,526	36,338
P/BV ⓘ	23.37	10.67
PE ⓘ	136.79	120.00

From the Market
52 Week Low / High (₹)	2142.30 / 3456.25
All Time Low / High (₹)	4.09 / 4189.55
Market Cap (₹ Cr.)	3,88,906
Equity (₹ Cr.)	114
Face Value (₹)	1
Industry PE ⓘ	77.9

Management X-Ray of Adani Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

4.10

4.36

3.79

2.66

0.64

0.50

0.24

0.23

0.08

* Pledged shares as % of Promoter's holding (%)

Valuation of Adani Enterprises

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Dividend History

Analyst's Notes

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Key Ratios of Adani Enterprises

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	14,916	8,149	7,779	9,538	15,541	16,209	13,359	26,824	57,886	32,012
Operating Expenses ⓘ	14,841	7,871	7,208	8,915	14,593	15,463	12,355	25,530	56,073	29,142
Manufacturing Costs	47	178	257	89	471	802	734	902	899	1,019
Material Costs	12,219	6,144	5,932	7,764	12,625	12,680	10,559	22,865	48,555	23,070
Employee Cost	175	239	247	235	239	276	312	382	652	702
Other Costs ⓘ	2,401	1,310	772	828	1,258	1,705	750	1,381	5,967	4,351
Operating Profit ⓘ	75	278	571	623	948	746	1,004	1,294	1,814	2,870
Operating Profit Margin (%)	0.5%	3.4%	7.3%	6.5%	6.1%	4.6%	7.5%	4.8%	3.1%	9.0%
Other Income ⓘ	1,297	993	687	618	382	410	392	515	1,255	1,706
Interest ⓘ	929	717	782	666	581	381	506	571	664	638
Depreciation ⓘ	82	79	79	87	101	121	122	125	131	143
Exceptional Items ⓘ	71	42	0	-181	-21	315	-213	0	-72	0
Profit Before Tax ⓘ	432	516	397	306	627	970	555	1,113	2,202	3,795
Tax ⓘ	25	-4	167	96	142	271	186	393	588	952
Profit After Tax	407	520	231	209	485	699	369	721	1,614	2,843
PAT Margin (%)	2.7%	6.4%	3.0%	2.2%	3.1%	4.3%	2.8%	2.7%	2.8%	8.9%
Adjusted EPS (₹)	3.7	4.7	2.1	1.9	4.4	6.4	3.4	6.6	14.2	24.9
Dividend Payout Ratio (%)	38%	8%	19%	21%	9%	16%	30%	15%	8%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	10,278	3,545	3,767	3,908	3,249	3,761	4,128	4,731	13,934	16,640
Share Capital ⓘ	110	110	110	110	110	110	110	110	114	114
Reserves ⓘ	10,168	3,435	3,657	3,798	3,139	3,651	4,018	4,621	13,820	16,526
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	5,170	6,031	6,763	6,568	2,844	2,728	2,811	4,489	1,949	5,348
Long Term Debt	2,535	1,911	1,858	1,597	928	1,051	1,338	2,432	900	3,357
Short Term Debt	2,635	4,119	4,905	4,971	1,915	1,677	1,473	2,057	1,049	1,990
Trade Payables	5,782	2,938	3,218	3,693	7,727	6,381	5,051	10,624	21,523	17,901
Others Liabilities ⓘ	1,323	1,565	663	1,027	686	938	1,003	1,808	2,731	2,292
Total Liabilities ⓘ	22,553	14,079	14,412	15,197	14,505	13,807	12,992	21,652	40,137	42,180
Fixed Assets
Gross Block	1,175	1,158	1,318	1,496	1,891	1,972	1,960	2,319	2,422	2,426
Accumulated Depreciation	278	79	156	243	343	462	551	654	773	904
Net Fixed Assetsⓘ	898	1,079	1,162	1,253	1,548	1,510	1,409	1,665	1,650	1,522
CWIP ⓘ	270	851	622	414	211	220	453	511	649	752
Investmentsⓘ	6,954	1,102	3,091	3,009	1,944	2,275	2,465	3,437	9,948	14,071
Inventories	585	530	595	1,294	1,902	1,527	1,099	4,844	4,085	3,007
Trade Receivables	3,795	2,642	2,923	2,635	5,182	3,846	2,661	3,516	4,688	4,221
Cash Equivalents	238	134	364	525	350	783	436	485	1,340	1,014
Others Assetsⓘ	9,813	7,740	5,655	6,066	3,368	3,646	4,468	7,193	17,777	17,593
Total Assets ⓘ	22,553	14,079	14,412	15,197	14,505	13,807	12,992	21,652	40,137	42,180

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	220	-704	-156	986	1,908	601	1,557	2,105	11,187	508
PBT ⓘ	432	516	386	290	630	970	555	1,113	2,214	3,797
Adjustment ⓘ	-215	-222	40	429	126	338	111	302	-228	-894
Changes in Working Capital ⓘ	58	-904	-487	360	1240	-484	958	840	9733	-1437
Tax Paid ⓘ	-55	-94	-95	-94	-88	-222	-67	-151	-532	-959
Cash Flow From Investing Activity ⓘ	1,863	1,100	646	172	2,397	91	-1,318	-3,126	-16,009	-2,466
Capex	-120	-177	-136	-93	-214	-165	-372	-232	-213	-279
Net Investments	63	-3	-8	-176	120	-211	151	-972	-4,220	-3,733
Others ⓘ	1,920	1,280	790	440	2,490	467	-1,096	-1,922	-11,575	1,546
Cash Flow From Financing Activityⓘ	-2,050	-530	-308	-1,145	-4,437	-422	-632	1,066	5,110	2,100
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	7,700	0
Net Proceeds from Borrowing ⓘ	1,454	-1,411	-326	-588	-735	379	-453	585	-725	799
Interest Paid ⓘ	-967	-688	-801	-753	-593	-374	-480	-549	-613	-531
Dividend Paid ⓘ	-154	-198	0	-44	-44	-154	0	-110	-114	-137
Others ⓘ	-2,383	1,766	819	240	-3,065	-274	301	1,140	-1,138	1,968
Net Cash Flow ⓘ	33	-135	181	13	-132	270	-392	45	289	142

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	4.01	7.53	6.31	5.45	13.55	19.94	9.35	16.27	17.29	18.6
ROCE (%)	8.27	9.29	11.1	9.01	14.47	20.96	15.38	20.43	21.78	22.61
Asset Turnover Ratio	0.66	0.44	0.55	0.64	1.05	1.14	1	1.55	1.87	0.78
PAT to CFO Conversion(x)	0.54	-1.35	-0.68	4.72	3.93	0.86	4.22	2.92	6.93	0.18
Working Capital Days
Receivable Days	85	144	131	106	92	102	89	42	26	51
Inventory Days	20	25	26	36	38	39	36	40	28	40
Payable Days	142	233	160	134	134	159	142	98	109	287

Adani Enterprises Ltd Stock News

Adani Enterprises Ltd FAQs

What is the share price of Adani Enterprises?

Company share prices are keep on changing according to the market conditions. The closing price of Adani Enterprises on 31-May-2024 16:01 is ₹3,411.5.

What is the market cap of Adani Enterprises?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-May-2024 16:01 the market cap of Adani Enterprises stood at ₹3,88,905.7.

What is the P/E ratio of Adani Enterprises?

The latest P/E ratio of Adani Enterprises as of 31-May-2024 16:01 is 136.8.

What is the P/B ratio of Adani Enterprises?

The latest P/B ratio of Adani Enterprises as of 31-May-2024 16:01 is 23.37.

What is the 52-week high and low of Adani Enterprises?

The 52-week high of Adani Enterprises is ₹3,456.3 and the 52-week low is ₹2,142.3.

What is the TTM revenue of Adani Enterprises?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Enterprises is ₹32,012 ( Cr.) .

About Adani Enterprises Ltd

Focusing on establishing new businesses in the infrastructure and energy sector, Adani Enterprises Limited (AEL) is an incubator that remains motivated to convert opportunities to thriving businesses. Since listing in 1994, it has consistently delivered value - maximizing returns for stakeholders and proactively participating in nation building activities.

Over the past three decades, AEL has broadened its presence across key industries, to emerge as a market leader. The company is now poised to nurture businesses that address issues of national importance. Businesses such as Adani Ports and Special Economic Zone Limited, Adani Power, Adani Transmission, Adani Green Energy and Adani Gas have been demerged from Adani Enterprises and/or independently listed on the Indian stock exchanges, to synergise growth and facilitate the nation building endeavours. To sustain its vision of an empowered nation, the company now remain focused on building infrastructure for Airports, Roads, Water, Data Centre and Solar manufacturing.

Business area of the company

The company is in the business of trading of coal and other commodities and Coal Mine Development and Operations (MDO).

Products and services offered by the company

Mining Services
Integrated Resources Management
Edible Oil & Foods
Agro
Solar Manufacturing
Defence & Aerospace
Road, Metro and Rail
Airports
Data Center
Water

Awards

Adani Skill Development Centre received the Special Jury Recognition Award at the Indian Chamber of Commerce Social Impact Awards in Kolkata in 2018.
SuPoshan won the silver award at the 53rd SKOCH State of Governance Summit 2018.
Adani Vizhinjam Port won the Indywood CSR Award.
GAIMS, Bhuj, received the Kayakalp Award by the Health and Family Welfare Department, Govt. of Gujarat in 2018.
Ek kaam Desh ke Naam organisation in Delhi, awarded the Platinum Award to Senior Citizen’s Health Card Scheme of Adani Foundation at Mundra
Adani Group won the top honour in the Metal and Mining category at the 18th Annual Greentech Safety Award 2019. This award is a testimony to the Company’s commitment to safety.
Adani Enterprises Ltd- Mining was bestowed with The Energy & Environment Foundation Global CSR Award 2019 in Platinum Category.
AEL received the ‘Platinum Award’ in the Mining sector, at the Apex India Occupational Health and Safety Award 2019.
At the 13th Indian Coal Markets Conference and Awards 2019 organised by hashtag#mjunction, Adani Group bagged 4 pivotal awards. The winning categories are 1) Coal Importer of the Year 2) Coal Transporter of the Year 3) Coal Port Performer of the Year 4) Coal Mining Contractor of the Year
AEL received the first prize for Safety Management Plan at the Safety Fortnight Programme 2019-20, organized by Directorate General of Mines Safety, Gare Pelma III Collieries Limited/Chhattisgarh State Power Generation Company Limited (GPIIICL/CSPGCL). This was the first time GPIIICL/ CSPGCL was participating in the programme.

Milestone

1988- Started commodity trading.
1994- Listed on BSE and NSE @ H150/ share.
1994- Subscribed 25x.
1995- Mundra Port commenced operations.
1996- Bonus Issue 1:1.
1999- Commencement of ICM business.
1999- Signed JV with Wilmar, Singapore.
1999- Bonus Issue 1:1
2001- Started city gas distribution business
2005- Awarded India’s first MDO
2006- Stock Split of AEL into 10:1.
2007- Adani Ports and SEZ Limited IPO Subscribed 116x.
2007- FCCB issue of $250 million.
2007- Green Silo Depot commissioned at 7 locations.
2008- Acquired Bunyu Coal Mine Indonesia.
2009- Adani Power Limited IPO subscribed 21x.
2009- Bonus Issue 1:1.
2010- Raised a QIP of $850 million.
2010- Won first Coal MDO Contract.
2010- Acquired Carmichael coal mine Australia.
2015- Completed the demerger of APSEZ, APL and ATL.
2017- Started manufacturing Solar PV panels.
2018- Demerger of Adani Green Energy and Adani Gas Limited.
2018- Fortune Largest Food FMCG brand in India.
2019- 2nd largest IRM player in the world.
2020- Adani Enterprises’ arm inks MoU with Airbus India to explore aerospace, aircraft services sector.
2020- Adani Enterprises’ arms ink pact with AAI for development of airports.
2020- Adani Enterprises receives LoA for Andhra Pradesh road project.
2020- Adani Enterprises receives LoA for road project in Madhya Pradesh.
2020- Adani Enterprises signs MoU with Tamil Nadu government.