Adani Enterprises Ltd Stock Analysis

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

BSE Share Price 29-Nov-2022 18:01
3879.20 -6.05 (-0.16%)

DeciZen - Make an Informed Decision on Adani Enterprises

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Adani Enterprises Price Chart

P/E Ratio (SA) :
401.78
Market Cap :
4,42,918.9 Cr.
52-wk low :
1,529.6
52-wk high :
4,098.1
Bole Toh?

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 average 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 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

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5%4.9%7.6%8.6%7.8%8.1%13.9%14.8%13.2%15.4%-
Value Creation Index -0.6-0.6-0.3-0.4-0.4-0.30.00.30.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,89111,78914,9168,1498,59511,24315,55716,20913,35926,82459,323
YoY Gr. Rt. %--0.9%26.5%-45.4%5.5%30.8%38.4%4.2%-17.6%100.8%-
Adj EPS 4.22.35.55.82.53.36.96.35.17.99.7
YoY Gr. Rt. %--46.3%144.9%4.5%-56.6%33.2%106.6%-9.2%-19.2%57.2%-
BVPS (₹) 94.391.293.432.234.335.529.534.237.547.7116
Adj Net Profit 4602476056332753677566875568731,102
Cash Flow from Ops. -137588220-704-1569861,9086011,5572,105-
Debt/CF from Ops. -37.211.227.4-9.5-46.26.81.551.92-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%25.6%19.9%100.8%
Adj EPS 7.4%26%4.9%57.2%
BVPS -7.36.817.327
Share Price 32.6% 92.4% 162.4% 132.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.52.469.27.59.621.119.614.118.611.8
Op. Profit Mgn % 2.4-1.13.367.76.78.66.58.15.63.9
Net Profit Mgn % 3.92.14.17.83.23.34.94.24.23.31.9
Debt to Equity 0.50.70.61.91.91.70.90.80.70.80.1
Working Cap Days 343429350562426311240219235162131
Cash Conv. Cycle 2817-20-23202712-3-9320

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.81

Sales growth is good in last 4 quarters at 209.37%

Return on Equity has declined versus last 3 years average to 11.80%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 4.89%

Latest Financials - Adani Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 9.7 10.7
TTM Sales (₹ Cr.) 59,323 1,22,643
BVPS (₹.) 116 276.8
Reserves (₹ Cr.) 13,111 31,438
P/BV 33.49 14.04
PE 401.78 362.13
From the Market
52 Week Low / High (₹) 1529.55 / 4098.10
All Time Low / High (₹) 4.09 / 4098.10
Market Cap (₹ Cr.) 4,42,919
Equity (₹ Cr.) 114
Face Value (₹) 1
Industry PE 101.5

Management X-Ray of Adani Enterprises :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *32.4220.6316.606.444.514.534.104.363.792.66
* 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 (%)

News

Adani Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Adani Enterprises on 29-Nov-2022 18:01 is : 3,879.2.
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 29-Nov-2022 18:01 the market cap of Adani Enterprises stood at ₹ 4,42,918.9.
The latest PE ratio of Adani Enterprises as of 29-Nov-2022 18:01 is 401.8.
The latest PB ratio of Adani Enterprises as of 29-Nov-2022 18:01 is 33.49
The 52-week high of Adani Enterprises is ₹ 4,098.1 and the 52-week low is ₹ 1,529.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Adani Enterprises is ₹ 59,323 ( 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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