Adani Energy Solutions Ltd - Stock Valuation and Financial Performance

BSE: 539254 | NSE: ADANIENSOL | Power Generation/Distribution | Large Cap

Adani Energy Solut. Share Price

1,122.80 25.85 2.36%
as on 31-May'24 16:01

DeciZen - make an informed investing decision on Adani Energy Solut.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Adani Energy Solutions stock performance -

mw4me loader
P/E Ratio (SA):
210.53
Market Cap:
1,25,247.5 Cr.
52-wk low:
686.9
52-wk high:
1,250

Is Adani Energy Solutions Ltd an attractive stock to invest in?

1. Is Adani Energy Solutions Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Adani Energy Solutions Ltd is a below average quality company.

2. Is Adani Energy Solutions Ltd undervalued or overvalued?

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

3. Is Adani Energy Solutions Ltd a good buy now?

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

10 Year X-Ray of Adani Energy Solut.:

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 Energy Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -0.2%2.4%6.5%4.9%4.6%3.9%3.8%3.5%3.5%5.5%-
Value Creation
Index
-1.0-0.8-0.5-0.6-0.6-0.7-0.7-0.7-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 22.92748108358338587557406881,5171,517
Sales YoY Gr.-1,097.4%195%3.2%-0.3%3%-12%-2%-7%120.6%-
Adj EPS -0.2-0.50-0.30.4-0.4-0.2-0.91.455.3
YoY Gr.-NANA-1350%NA-222.2%NANANA249.3%-
BVPS (₹) 9.820.519.318.215.913.911.47.792.697.997.9
Adj Net
Profit
-17.9-56.51.8-27.139.7-48.6-21.3-103158554595
Cash Flow from Ops. -11.557.5-14.949.623.1-17.4-222.8-15.3-209-
Debt/CF from Ops. -228.992.3-534.9194.7456.9-641.8-486.14112.2-170.2-24.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 59.3%12.8%26.2%120.6%
Adj EPS NA69%NA249.3%
BVPS29.1%43.8%104.6%5.8%
Share Price - 36.7% -9.2% 37.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-3.4-3.40.1-1.32.1-3-1.5-9.82.85.25.4
Op. Profit
Mgn %
1.424.13.1-0.7-1.3-2.7-1.3-0.3-4.10.90.9
Net Profit
Mgn %
-78.3-20.60.2-3.34.8-5.7-2.8-13.92336.539.2
Debt to
Equity
2.52.43.84.867.38.513.80.30.50.4
Working Cap
Days
2192,5672,3583,1842,9852,4362,8392,8572,9251,457302
Cash Conv.
Cycle
1956741281-10-9-3-1-4109

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.60%

Debt to equity has declined versus last 3 years average to 0.25

Sales growth is good in last 4 quarters at 80.40%

Sales growth has been subdued in last 3 years -7.09%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Adani Energy Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 5.3 10.2
TTM Sales (₹ Cr.) 1,517 16,607
BVPS (₹.) 97.9 113.3
Reserves (₹ Cr.) 9,806 11,526
P/BV 11.47 9.91
PE 210.53 110.13
From the Market
52 Week Low / High (₹) 686.90 / 1250.00
All Time Low / High (₹) 25.25 / 4238.55
Market Cap (₹ Cr.) 1,25,248
Equity (₹ Cr.) 1,115.5
Face Value (₹) 10
Industry PE 24.8

Management X-Ray of Adani Energy Solut.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.226.745.906.396.623.754.193.342.892.58
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Adani Energy Solut.

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
Sales232748108358338587557406881,517
Operating Expenses 232087858418448817657427161,504
Manufacturing Costs01597598198288577557346861,467
Material Costs0000000000
Employee Cost 1727136434212
Other Costs 62212151120762935
Operating Profit 06625-5-11-23-10-2-2813
Operating Profit Margin (%) 1.4%24.1%3.1%-0.6%-1.3%-2.7%-1.3%-0.3%-4.1%0.9%
Other Income 1147799775799796679701615995
Interest 19270819794733767690763416348
Depreciation 0000000000
Exceptional Items 0000000000
Profit Before Tax -18-575-25546-21-65170659
Tax 001012000064
Profit After Tax -18-574-25426-21-65170595
PAT Margin (%) -78.3%-20.6%0.5%-2.9%5.1%0.6%-2.8%-8.7%24.8%39.2%
Adjusted EPS (₹)-0.2-0.50.0-0.20.40.1-0.2-0.61.55.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,0722,2492,1212,0041,7501,5311,25784610,32710,922
Share Capital 1,0901,1001,1001,1001,1001,1001,1001,1001,1151,115
Reserves -181,1491,021904651431157-2549,2119,806
Minority Interest0000000000
Debt2,6275,1617,6769,0719,43310,63010,47711,4492,6005,065
Long Term Debt02,6926,7558,0608,58410,6309,75410,5371,7404,102
Short Term Debt2,6272,4689201,0118490723912860963
Trade Payables131192912493399
Others Liabilities 112089731,1641,61164845538137310
Total Liabilities 3,7117,62110,78012,24812,82412,93412,19812,67912,96616,395

Fixed Assets

Gross Block01111222210
Accumulated Depreciation0000011112
Net Fixed Assets0111111109
CWIP 0000000084
Investments 3,6833,6863,8153,7836,9585,9846,2036,6816,7219,030
Inventories05532000010
Trade Receivables267711129109700260
Cash Equivalents 01023385191881,17618389817661
Others Assets23,7516,5117,9135,6655,6765,9755,6085,4186,621
Total Assets 3,7117,62110,78012,24812,82412,93412,19812,67912,96616,395

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1157-155023-17-223-15-209
PBT -18-575-25546-21-65170659
Adjustment 221232119-65-171566-199-646
Changes in Working Capital -15-6-365857-5-3289-157
Tax Paid -1-3-5-4-23-116-74-65
Cash Flow From Investing Activity -3,683-3,747-2,311-246-2671,971191240-1,585-2,001
Capex 0-110-100-1-22-5
Net Investments 0-99-286379-232-123-3721-68-204
Others -3,683-3,646-2,026-625-332,093563239-1,495-1,792
Cash Flow From Financing Activity 3,6943,6912,325703-234-1,184-961-2481,6812,210
Net Proceeds from Shares 1,09000000003,8500
Net Proceeds from Borrowing 02,8504,407-300-6931,040-4722031,0192,309
Interest Paid -19-236-508-878-656-831-531-716-288-202
Dividend Paid 0000000000
Others 2,6241,077-1,5741,8811,115-1,39342264-2,900103
Net Cash Flow 020506-477770-793-6800
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-3.35-3.410.18-1.192.260.34-1.52-6.153.055.6
ROCE (%)0.073.799.337.086.576.195.445.714.616.94
Asset Turnover Ratio0.010.050.090.070.070.070.060.060.050.1
PAT to CFO Conversion(x)N/AN/A-3.75N/A0.55-2.83N/AN/A-0.09-0.35
Working Capital Days
Receivable Days41268423192323018
Inventory Days0622100002
Payable Days0000000000

Adani Energy Solutions Ltd Stock News

Adani Energy Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Adani Energy Solut. on 31-May-2024 16:01 is ₹1,122.8.
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 Energy Solut. stood at ₹1,25,247.5.
The latest P/E ratio of Adani Energy Solut. as of 31-May-2024 16:01 is 210.5.
The latest P/B ratio of Adani Energy Solut. as of 31-May-2024 16:01 is 11.47.
The 52-week high of Adani Energy Solut. is ₹1,250 and the 52-week low is ₹686.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Energy Solut. is ₹1,517 ( Cr.) .

About Adani Energy Solutions Ltd

Adani Transmission (ATL) is the largest private power sector transmission and retail electricity distribution company in India. The company builds, commissions, operates and maintains electric power transmission systems, and distributes electricity in the suburbs of Mumbai. Its operational projects in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Uttar Pradesh, Chhattisgarh and Haryana.

Business area of the company

The company’s power transmission business in India focuses on the execution of new transmission systems under licensing from central and state electricity bodies, and Operations and Maintenance (O&M) of existing assets through outsourced partners. Its distribution business focuses on two aspects. First, expanding its customer base through high reliable & affordable power supply and exceptional customer service provided through continuous investments & technological upgradation. Second, modernising the operating model through Advance Metering Infrastructure to bring operational efficiency, flexibility and become at par with global utilities. Besides, in FY19, the company forayed into the retail electricity distribution space with the acquisition of Mumbai’s Power Generation, Transmission and Distribution (GTD) business license. Today, Adani Electricity Mumbai (AEML) caters to many customers in the Mumbai suburbs and Mira-Bhayander Municipal Corporation in the Thane district.

Awards

  • 7th FICCI Quality Systems Excellence Awards for Industry: AEML-Transmission conferred with the Platinum Prize (1st Prize) in Medium category in the Power Sector.
  • Performance Award-5S: AEML-T conferred with 'Par Excellence' Performance Award in 5S National Conclave.
  • 5S Certificate: Transmission–TLM Dahanu and Capex Store received 5S Certificate for successfully implementation of 5S Workplace Management System.
  • ISO 27001 Certificate: AEML-T bagged ISO 27001 Certification for an Information Security Management.

Milestones:

  • 2017: Attains a new milestone of 8500 ckt kms of transmission lines in operation by completing the acquisition of operational transmission assets of Western Region Strengthening System Schemes - B & C of Reliance Infrastructure.
  • 2017: Signs binding SPA with R-Infra to acquire Integrated Business of Generation, Transmission, Distribution and retail of power for Mumbai City.
  • 2018: Adani Group enters Retail Electricity Distribution Business with Largest Private Network.
  • 2019: Completes acquisition of Bikaner-Khetri transmission project.
  • 2019: Signs agreement to execute WRSS XXI (A) transmission project linked to Renewable Power Generation in Gujarat.
  • 2019: Receives Letter of Intent (LOI) for Centre Sector Transmission Project linked to Renewable Energy in state of Gujarat - LOI received for Lakadia Banaskantha Transco.
  • 2019: Receives LOI for Centre Sector Transmission Project linked to Renewable Energy in state of Gujarat - LOI received for Jam Khambaliya Transco.
  • 2019: Receives LOI for Transmission Project in the State of Maharashtra on Tariff Based Competitive Bidding (TBCB) Model,
  • 2020: Circles up first ever US private placement for $310 million.
  • 2020: Announces completion of Qatar Investment Authority investment in Adani Electricity Mumbai.
  • 2020: Signs agreement to execute Kharghar Vikhroli Transmission.
  • 2020: Signs definitive agreements with Kalpataru for acquisition of Alipurduar Transmission.
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