Is Adani Power a good quality company?

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

Is Adani Power undervalued or overvalued?

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

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

Adani Power Ltd share price has appreciated 28.1% annually (CAGR) over the past ten years.

Is Adani Power a good buy now?

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

Adani Power Ltd - Stock Valuation and Financial Performance

Name: Adani Power
Brand: Adani Power

BSE: 533096 | NSE: ADANIPOWER | Power Generation/Distribution | Large Cap

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Adani Power Share Price

₹544.25 -4.75 -0.87%
as on 03-Dec'24 16:59

10 Year X-Ray of Adani Power:

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 % ⓘ	6.8%	8.6%	-8.9%	7.8%	4.3%	-0.7%	0.6%	26.2%	17.8%	33%	-
Value Creation Index ⓘ	-0.5	-0.4	-1.7	-0.4	-0.7	-1.1	-0.9	1.3	0.6	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	10,625	12,875	10,868	8,121	2,404	1,005	447	27,711	36,681	39,205	42,015
Sales YoY Gr.	-	21.2%	-15.6%	-25.3%	-70.4%	-58.2%	-55.5%	6,097%	32.4%	6.9%	-
Adj EPS ⓘ	-1.5	0.3	-9.2	-2.8	-0.6	-3.4	-1.3	13	26.6	48	23
YoY Gr.	-	NA	-3269%	NA	NA	NA	NA	NA	105.2%	80.7%	-
BVPS (₹) ⓘ	26.6	27.1	12.1	24.7	23.7	18.6	44.3	47.9	73.2	102.3	106.2
Adj Net Profit ⓘ	-419	97.6	-3,545	-1,081	-215	-1,322	-503	4,996	10,249	18,515	8,856
Cash Flow from Ops. ⓘ	2,393	1,869	659	-333	-167	94.7	-288	10,264	7,933	14,841	-
Debt/CF from Ops. ⓘ	10	14.5	41.4	-28.8	-116.6	151.8	-21.8	3.9	4.1	1.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.6%	74.8%	344.2%	6.9%
Adj EPS ⓘ	NA	NA	NA	80.7%
BVPSⓘ	16.1%	34%	32.2%	39.8%
Share Price	28.1%	55.6%	75.4%	23.6%

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 % ⓘ	-5.4	1.2	-51.8	-15.2	-2.3	-16.2	-4.1	28.1	43.9	54.7	22
Op. Profit Mgn % ⓘ	23.5	27.5	11.6	10.9	0	-1.2	8.7	35.8	25.6	35.4	33.9
Net Profit Mgn % ⓘ	-3.9	0.8	-32.6	-13.3	-9	-131.5	-112.4	18	27.9	47.2	21.1
Debt to Equity ⓘ	3.1	3	5.8	1	2.1	2	0.4	2.2	1.2	0.7	0.4
Working Cap Days ⓘ	348	356	412	494	1,679	2,665	2,969	125	166	164	88
Cash Conv. Cycle ⓘ	-1	56	63	-5	-15	-80	-141	48	93	77	37

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 344.24%

Debt to equity has declined versus last 3 years average to 0.65

Sales growth is good in last 4 quarters at 18.41%

Return on Equity has declined versus last 3 years average to 22.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Adani Power Ltd.

	Standalone	Consolidated
TTM EPS (₹)	23	33
TTM Sales (₹ Cr.)	42,015	54,650
BVPS (₹.) ⓘ	106.2	145.1
Reserves (₹ Cr.) ⓘ	37,091	52,097
P/BV ⓘ	5.17	3.78
PE ⓘ	23.91	16.65

From the Market
52 Week Low / High (₹)	430.85 / 896.75
All Time Low / High (₹)	15.20 / 896.75
Market Cap (₹ Cr.)	2,11,746
Equity (₹ Cr.)	3,856.9
Face Value (₹)	10
Industry PE ⓘ	28.7

Management X-Ray of Adani Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

25.33

25.01

25.15

25.06

16.24

15.85

16.10

0.45

1.46

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

Valuation of Adani Power

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Price to Earnings

Enterprise Value to EBIT

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Dividend History

Analyst's Notes

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Key Ratios of Adani Power

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	10,625	12,875	10,868	8,121	2,404	1,005	447	27,711	36,681	39,205
Operating Expenses ⓘ	8,163	9,349	9,611	7,244	2,418	1,044	408	17,874	27,362	25,384
Manufacturing Costs	7,493	8,741	9,197	7,056	2,221	913	358	16,823	26,074	23,941
Material Costs	0	0	0	-69	70	0	0	0	0	0
Employee Cost	191	189	167	123	41	42	33	470	530	554
Other Costs ⓘ	479	419	246	133	86	89	18	581	758	889
Operating Profit ⓘ	2,462	3,526	1,257	877	-14	-38	39	9,837	9,319	13,820
Operating Profit Margin (%)	23.2%	27.4%	11.6%	10.8%	-0.6%	-3.8%	8.7%	35.5%	25.4%	35.3%
Other Income ⓘ	412	523	735	463	1,066	911	134	4,068	4,520	10,192
Interest ⓘ	2,498	2,951	3,102	2,008	1,239	1,175	644	4,087	3,307	2,466
Depreciation ⓘ	881	1,137	1,121	861	38	35	32	3,116	3,143	3,176
Exceptional Items ⓘ	212	0	-3,908	1,505	0	-1,003	0	0	0	0
Profit Before Tax ⓘ	-293	-39	-6,138	-24	-225	-1,341	-503	6,702	7,389	18,371
Tax ⓘ	0	-136	-83	0	0	0	-4	1,666	-2,857	-379
Profit After Tax	-293	97	-6,054	-24	-225	-1,341	-499	5,036	10,246	18,749
PAT Margin (%)	-2.8%	0.7%	-55.7%	-0.3%	-9.4%	-133.0%	-111.0%	18.2%	27.9%	47.8%
Adjusted EPS (₹)	-1.0	0.3	-15.7	-0.1	-0.6	-3.5	-1.3	13.1	26.6	48.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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	7,716	9,024	4,673	9,539	9,128	7,175	17,085	18,464	28,224	39,448
Share Capital ⓘ	2,872	3,334	3,857	3,857	3,857	3,857	3,857	3,857	3,857	3,857
Reserves ⓘ	4,844	5,690	816	5,682	5,271	3,318	13,228	14,607	24,367	35,591
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	20,938	24,031	25,274	9,532	18,739	14,317	6,224	37,583	30,650	24,661
Long Term Debt	16,703	14,720	17,227	2,244	16,375	11,728	931	30,462	24,979	18,886
Short Term Debt	4,235	9,312	8,047	7,288	2,365	2,589	5,293	7,121	5,672	5,775
Trade Payables	4,155	3,698	4,509	250	139	712	13	3,449	2,387	2,944
Others Liabilities ⓘ	4,923	8,793	7,306	385	922	326	1,086	12,271	11,570	7,743
Total Liabilities ⓘ	37,731	45,547	41,762	19,707	28,928	22,530	24,408	71,766	72,832	74,796
Fixed Assets
Gross Block	23,967	25,448	25,487	765	760	762	764	70,027	70,382	70,760
Accumulated Depreciation	3,856	1,651	2,769	122	157	192	223	20,685	23,800	26,921
Net Fixed Assetsⓘ	20,111	23,797	22,718	642	603	570	541	49,342	46,583	43,839
CWIP ⓘ	48	39	68	0	0	0	1	184	188	739
Investmentsⓘ	5,627	7,662	7,740	7,768	17,157	18,216	19,359	4,834	6,373	7,280
Inventories	982	831	1,085	75	4	4	3	2,208	2,324	3,475
Trade Receivables	1,449	5,235	1,744	42	12	367	10	9,490	11,381	6,695
Cash Equivalents	369	430	338	211	129	101	87	2,015	1,692	5,694
Others Assetsⓘ	9,145	7,555	8,069	10,969	11,023	3,272	4,409	3,693	4,290	7,073
Total Assets ⓘ	37,731	45,547	41,762	19,707	28,928	22,530	24,408	71,766	72,832	74,796

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 ⓘ	2,393	1,869	659	-333	-167	95	-288	10,264	7,933	14,841
PBT ⓘ	-69	-39	-6,138	-24	-225	-1,341	-503	6,702	7,389	18,371
Adjustment ⓘ	2,341	3,353	7,124	73	224	1,330	514	3,448	1,593	-4,030
Changes in Working Capital ⓘ	121	-1441	-337	-381	-163	106	-312	338	-974	551
Tax Paid ⓘ	-1	-3	11	0	-3	-1	13	-225	-75	-51
Cash Flow From Investing Activity ⓘ	-2,575	-3,236	-555	-3,513	-8,285	6,816	390	1,386	2,824	1,086
Capex	-775	-1,088	-590	-1	0	-1	-7	-642	-920	-1,178
Net Investments	-4	140	18	-132	57	65	1,748	-1,667	-752	-3,808
Others ⓘ	-1,797	-2,288	17	-3,379	-8,342	6,752	-1,351	3,695	4,497	6,072
Cash Flow From Financing Activityⓘ	180	1,330	-95	3,845	8,457	-6,907	-105	-11,182	-11,138	-15,561
Net Proceeds from Shares ⓘ	0	1,115	1,702	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	3,220	-2,052	1,969	1,239	6,190	-5,279	-2,601	-5,667	-6,670	-6,894
Interest Paid ⓘ	-2,363	-2,600	-2,051	-167	-450	-630	-363	-3,569	-2,721	-2,409
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-677	4,868	-1,714	2,773	2,717	-998	2,858	-1,947	-1,747	-6,257
Net Cash Flow ⓘ	-2	-37	10	0	4	3	-3	468	-381	367

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 (%)	-3.82	1.16	-88.4	-0.33	-2.41	-16.45	-4.11	28.33	43.89	55.41
ROCE (%)	6.84	8.62	-8.93	7.77	4.25	-0.66	0.63	26.24	17.84	33.04
Asset Turnover Ratio	0.28	0.31	0.25	0.26	0.1	0.04	0.02	0.58	0.51	0.53
PAT to CFO Conversion(x)	N/A	19.27	N/A	N/A	N/A	N/A	N/A	2.04	0.77	0.79
Working Capital Days
Receivable Days	30	95	117	40	4	69	154	63	104	84
Inventory Days	32	26	32	26	6	1	3	15	23	27
Payable Days	0	0	0	-8,335	822	0	0	0	0	0

Adani Power Ltd Stock News

Adani Power Ltd FAQs

What is the share price of Adani Power?

Company share prices are keep on changing according to the market conditions. The closing price of Adani Power on 03-Dec-2024 16:59 is ₹544.2.

What is the market cap of Adani Power?

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 03-Dec-2024 16:59 the market cap of Adani Power stood at ₹2,11,746.

What is the P/E ratio of Adani Power?

The latest P/E ratio of Adani Power as of 03-Dec-2024 16:59 is 23.91.

What is the P/B ratio of Adani Power?

The latest P/B ratio of Adani Power as of 03-Dec-2024 16:59 is 5.17.

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

The 52-week high of Adani Power is ₹896.8 and the 52-week low is ₹430.9.

What is the TTM revenue of Adani Power?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Power is ₹42,015 ( Cr.) .

About Adani Power Ltd

Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has a huge power generation capacity comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a solar power project in Gujarat.

The company was the world’s first company to set up a coal-based Supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto protocol. Being a new entrant to power generation in 2006, it leveraged the project management skills of the Adani Group to set up its first power plant at Mundra successfully and efficiently.

The power sector in India has undergone a challenging period in the past few years, which put to test the resilience of its business model. By navigating the challenges through prudence, persistence and discipline, it has implemented the best available technologies and practices that can serve as benchmarks for the power industry.

Business area of the company

The company is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.

Awards and recognitions

FY 2016-17

ISO 50001 Certification for Energy management System by TuV, Nord Germany;
JUSE 5S Certification for Work Place management System by JUSE, which is first ever in the group;
QCFI: Quality Leadership Award (Private Sector) - 2016 given on the recommendations from QCFI representatives and the data of the respective organization, and the contribution of Chief Executives from various Private Sector Organizations practicing Quality Concepts at 30th National Convention on Quality Concepts;
5S case study in Competition at National Conclave on 5S Quality Circle Forum of India.( Highest Level of
Recognition)

FY 2017-18

ISO 9001:2015- Certification for Quality Management System by TuV, Nord Germany
ISO 14001:2015- Certification for Environment Management System by TuV, Nord Germany
OHSAS 18001:2007- Certification for Occupational Health & Safety Assessment System by TuV, Nord
Germany
Power Awards 2017 - Recognition and appreciation of the contributions by UPCL for meeting almost 12% of total power requirement of Karnataka, by Government of Karnataka
IPPAI Power Awards 2017 - The Most Innovative Young Power Professional by IPPAI (Independent Power Producers Association of India) at the 18th Regulators & Policymakers Retreat
Finalist - Asia Sustainability Reporting Awards(ASRA) 2017 - Recognition for best sustainability reporting in Asia by CSR Works International with support of British Chamber of Commerce and High Commission of Canada at Singapore.
Srishti Environment Award 2018 - Recognition for best Environment Management practices by Srishti Publications

FY 2018-19

The company’s wholly owned subsidiary Company namely Adani Power Rajasthan Limited has obtained: Srishti Environment Award 2018 - Recognition for best Environment Management practices.

FY 2019-20

Sword of Honour awarded to Adani Power Rajasthan Limited (APRL) by British Safety Council
Excellence award during 5S Conclave at Varanasi to two teams from APRL
Udupi Power Corporation Limited (UPCL) won Platinum prize at FICCI Safety Systems Excellence Awards
Adani Power (Mundra) Limited (APMuL) certified for ISO 45000:2018 (OHSAS) and ISO 50001:2018 (EMS) in December 2019
5-star certificate from Maharashtra Pollution Control Board to Adani Power Maharashtra Limited (APML) for stack emissions for 3rd consecutive year
APML, APRL, UPCL certified with ISO45001:2018 (OHS), ISO50001:2018 (Environment Management System)
APMuL, APML, APRL and UPCL certified for 5S (Workplace Management System)
APML won the IMC Ramakrishna Bajaj National Quality Awards Trust Performance Excellence Trophy 2019

Milestones

2013

Adani Power’s Mundra plant sets a record in power generation
Adani Power Maharashtra Commissions 3rd Super Critical
Adani begins integrated coal MDO operations in India

2014

Adani Power commissions Kawai power project
Adani Power emerges as India’s largest private power producer
Adani Power to acquire Lanco Infratech’s Udupi project for Rs 6000 crore, Installed capacity to rise to 10,440 mw
Adani Power to acquire Avantha Power’s Korba West Power Project in Chattisgarh

2015

Adani Power completes acquisition of Lanco Infratech’s Udupi Power plant
Adani Power emerges as the largest private thermal power player in the country with a generation capacity of 10440 MW

2016

Adani unveils the world’s largest solar power plant in Tamil Nadu and dedicates it to the nation

2017

A 330 MW unit at Adani Power’s Mundra plant creates a new national record by running continuously for 600 days
Adani Group Ensures Energy Security at Competitive Tariff; Refutes Allegation

2019