Adani Enterprises Ltd - Stock Valuation and Financial Performance

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

Adani Enterprises Share Price

2,480.30 -7.10 -0.29%
as on 18-Dec'24 11:08

DeciZen - make an informed investing decision on Adani Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Adani Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
105.04
Market Cap:
2,87,090.9 Cr.
52-wk low:
2,030
52-wk high:
3,743

Is Adani Enterprises Ltd an attractive stock to invest in?

1. Is Adani Enterprises Ltd a good quality company?

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

2. Is Adani Enterprises Ltd 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 Somewhat overvalued zone.

3. Is Adani Enterprises Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Adani Enterprises Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.3%9.3%11.1%9%14.5%21%15.4%20.4%21.8%22.6%-
Value Creation
Index
-0.3-0.3-0.2-0.20.10.90.40.80.91.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14,9168,1497,7799,53815,54116,20913,35926,82457,88632,01234,845
Sales YoY Gr.--45.4%-4.5%22.6%62.9%4.3%-17.6%100.8%115.8%-44.7%-
Adj EPS 5.55.82.63.46.96.35.17.920.525.623.7
YoY Gr.-4.5%-55.2%33.3%99.4%-8.9%-19.2%57.2%158.7%24.7%-
BVPS (₹) 93.432.234.335.529.534.237.543122.2146190
Adj Net
Profit
6056332843797546875568732,3412,9212,733
Cash Flow from Ops. 220-704-1569861,9086011,5572,10511,187508-
Debt/CF from Ops. 27.4-9.5-46.26.81.551.92.30.311.3-

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%
BVPS5.1%37.7%57.3%19.4%
Share Price 18.7% 64.2% 14.7% -16.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
69.27.89.921.119.614.119.725.119.114.1
Op. Profit
Mgn %
3.368.57.38.66.58.15.64.89.99.7
Net Profit
Mgn %
4.17.83.744.94.24.23.349.17.8
Debt to
Equity
0.61.91.91.70.90.80.710.20.30.4
Working Cap
Days
350562471336221219235162133291137
Cash Conv.
Cycle
-20-202332143-25-44-15220

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 14.10%

Sales growth is not so good in last 4 quarters at -5.63%

Latest Financials - Adani Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 23.7 48
TTM Sales (₹ Cr.) 34,845 1,05,597
BVPS (₹.) 190 399.4
Reserves (₹ Cr.) 21,809 45,980
P/BV 13.09 6.23
PE 105.04 51.87
From the Market
52 Week Low / High (₹) 2030.00 / 3743.00
All Time Low / High (₹) 4.09 / 4189.55
Market Cap (₹ Cr.) 2,87,091
Equity (₹ Cr.) 115.4
Face Value (₹) 1
Industry PE 65.1

Management X-Ray of Adani Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.792.662.660.640.500.240.230.080.000.66
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Adani Enterprises

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales14,9168,1497,7799,53815,54116,20913,35926,82457,88632,012
Operating Expenses 14,8417,8717,2088,91514,59315,46312,35525,53056,07329,142
Manufacturing Costs47178257894718027349028991,019
Material Costs12,2196,1445,9327,76412,62512,68010,55922,86548,55523,070
Employee Cost 175239247235239276312382652702
Other Costs 2,4011,3107728281,2581,7057501,3815,9674,351
Operating Profit 752785716239487461,0041,2941,8142,870
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 1,2979936876183824103925151,2551,706
Interest 929717782666581381506571664638
Depreciation 82797987101121122125131143
Exceptional Items 71420-181-21315-2130-720
Profit Before Tax 4325163973066279705551,1132,2023,795
Tax 25-416796142271186393588952
Profit After Tax 4075202312094856993697211,6142,843
PAT Margin (%) 2.7%6.4%3.0%2.2%3.1%4.3%2.8%2.7%2.8%8.9%
Adjusted EPS (₹)3.74.72.11.94.46.43.46.614.224.9
Dividend Payout Ratio (%)38%8%19%21%9%16%30%15%8%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 10,2783,5453,7673,9083,2493,7614,1284,73113,93416,640
Share Capital 110110110110110110110110114114
Reserves 10,1683,4353,6573,7983,1393,6514,0184,62113,82016,526
Minority Interest0000000000
Debt5,1706,0316,7636,5682,8442,7282,8114,4891,9495,348
Long Term Debt2,5351,9111,8581,5979281,0511,3382,4329003,357
Short Term Debt2,6354,1194,9054,9711,9151,6771,4732,0571,0491,990
Trade Payables5,7822,9383,2183,6937,7276,3815,05110,62421,52317,901
Others Liabilities 1,3231,5656631,0276869381,0031,8082,7312,292
Total Liabilities 22,55314,07914,41215,19714,50513,80712,99221,65240,13742,180

Fixed Assets

Gross Block1,1751,1581,3181,4961,8911,9721,9602,3192,4222,426
Accumulated Depreciation27879156243343462551654773904
Net Fixed Assets8981,0791,1621,2531,5481,5101,4091,6651,6501,522
CWIP 270851622414211220453511649752
Investments 6,9541,1023,0913,0091,9442,2752,4653,4379,94814,071
Inventories5855305951,2941,9021,5271,0994,8444,0853,007
Trade Receivables3,7952,6422,9232,6355,1823,8462,6613,5164,6884,221
Cash Equivalents 2381343645253507834364851,3401,014
Others Assets9,8137,7405,6556,0663,3683,6464,4687,19317,77717,593
Total Assets 22,55314,07914,41215,19714,50513,80712,99221,65240,13742,180

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 220-704-1569861,9086011,5572,10511,187508
PBT 4325163862906309705551,1132,2143,797
Adjustment -215-22240429126338111302-228-894
Changes in Working Capital 58-904-4873601240-4849588409733-1437
Tax Paid -55-94-95-94-88-222-67-151-532-959
Cash Flow From Investing Activity 1,8631,1006461722,39791-1,318-3,126-16,009-2,466
Capex -120-177-136-93-214-165-372-232-213-279
Net Investments 63-3-8-176120-211151-972-4,220-3,733
Others 1,9201,2807904402,490467-1,096-1,922-11,5751,546
Cash Flow From Financing Activity -2,050-530-308-1,145-4,437-422-6321,0665,1102,100
Net Proceeds from Shares 000000007,7000
Net Proceeds from Borrowing 1,454-1,411-326-588-735379-453585-725799
Interest Paid -967-688-801-753-593-374-480-549-613-531
Dividend Paid -154-1980-44-44-1540-110-114-137
Others -2,3831,766819240-3,065-2743011,140-1,1381,968
Net Cash Flow 33-13518113-132270-39245289142
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.017.536.315.4513.5519.949.3516.2717.2918.6
ROCE (%)8.279.2911.19.0114.4720.9615.3820.4321.7822.61
Asset Turnover Ratio0.660.440.550.641.051.1411.551.870.78
PAT to CFO Conversion(x)0.54-1.35-0.684.723.930.864.222.926.930.18
Working Capital Days
Receivable Days851441311069210289422651
Inventory Days20252636383936402840
Payable Days14223316013413415914298109287

Adani Enterprises Ltd Stock News

Adani Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Adani Enterprises on 18-Dec-2024 11:08 is ₹2,480.3.
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 18-Dec-2024 11:08 the market cap of Adani Enterprises stood at ₹2,87,090.9.
The latest P/E ratio of Adani Enterprises as of 18-Dec-2024 11:08 is 105.0.
The latest P/B ratio of Adani Enterprises as of 18-Dec-2024 11:08 is 13.09.
The 52-week high of Adani Enterprises is ₹3,743 and the 52-week low is ₹2,030.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Enterprises is ₹34,845 ( 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.
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