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Adani Enterprises Ltd (ADANIENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512599 NSE: ADANIENT Trading | Large Cap | Adani Enterprises Share Price

₹3,047.85 75.05 (2.52%)

As on 05-Jun'26 16:59

Adani Enterprises Ltd (ADANIENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512599 NSE: ADANIENT Trading | Large Cap | Adani Enterprises Share Price

₹3,047.85 75.05 (2.52%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,86,967 Cr.
Current Price
₹3,047.9
52-Week Low / High
₹1,753 / 3,048
TTM EPS
₹87.4
TTM Sales
₹23,056 Cr.
Book Value per Share
₹482.3
P/E Ratio
34.01
Lower than its 5-year historical median
Industry PE
36
Price to Book (P/B)
6.16
Lower than its 5-year historical median
Price to Sales (P/S)
16.78
Higher than its 5-year historical median
EV/EBITDA
87.69
In line with its 5-year historical median
Dividend Yield
0.07%
Profitability Efficiency
Return on Equity (ROE)
25.43%
Outperforms industry median
Return on Capital Employed (ROCE)
24.62%
Outperforms industry median
Return on Assets (ROA)
17.17%
Operating Profit Margin
11.2%
Net Profit Margin
49.35%
Gross Profit Margin
11.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-13.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-26.95%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
87.97%
Asset Quality
Promoter Holding
74.67%
Pledged shares (%) of Promoter's holding (%)
0.80%
Reserves
₹62,650 Cr.
Equity
₹130.2 Cr.
Face Value
₹1
All Time Low / High
₹4.00 / 4061.70

Adani Enterprises stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Adani Enterprises Ltd a good quality company?
Adani Enterprises Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Adani Enterprises Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Adani Enterprises Ltd vs industry peers?
Adani Enterprises Ltd revenue CAGR is 10.50%, compared to the industry median CAGR of 10.50%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Adani Enterprises Ltd?
Promoters hold 74.67% of the Adani Enterprises Ltd, with 0.80% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Adani Enterprises Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 44.9% based on the current price.
View More

10 Year X-Ray :

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 ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ11.1%9%14.5%21%15.4%20.4%21.8%22.6%25.6%24.6%-
Value Creation
Index ⓘ		-0.2-0.20.10.90.40.80.91.01.31.2-

Growth Parameters ⓘ
Sales ⓘ7,7799,53815,54116,20913,35926,82457,88632,01226,70923,05623,056
Sales YoY Gr.-22.6%62.9%4.3%-17.6%100.8%115.8%-44.7%-16.6%-13.7%-
Adj EPS ⓘ2.53.36.76.14.97.719.924.829.439.687.4
YoY Gr.-33.6%99.1%-8.9%-19.1%57.1%158.6%24.8%18.2%34.9%-
BVPS (₹) ⓘ33.234.528.633.236.441.7118.5141.5224.3485.8482.3
Adj Net
Profit ⓘ		2843797546875568732,3412,9213,4965,12011,378
Cash Flow from Ops. ⓘ-1569861,9086011,5572,10511,187508-3,732-3,240-
Debt/CF from Ops. ⓘ-46.26.81.551.92.30.311.3-3.4-3.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ12.8%11.5%-26.4%-13.7%
Adj EPS ⓘ35.9%51.9%25.8%34.9%
BVPSⓘ34.7%67.9%60%116.6%
Share Price 45.9% 13.1% 8.9% 24%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		7.89.921.119.614.119.725.119.116.111.518.1
Op. Profit
Mgn % ⓘ		8.57.38.66.58.15.64.89.910.811.28.2
Net Profit
Mgn % ⓘ		3.744.94.24.23.349.113.122.249.4
Debt to
Equity ⓘ		1.91.70.90.80.710.20.30.50.20.1
Working Cap
Days ⓘ		471336221219235162133291357591233
Cash Conv.
Cycle ⓘ		2332143-25-44-152-124-34135

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7,7799,53815,54116,20913,35926,82457,88632,01226,70923,056
Operating Expenses ⓘ + 7,2088,91514,59315,46312,35525,53056,08329,14224,11621,162
Manufacturing Costs257894718027349028991,0191,5291,653
Material Costs5,9327,76412,62512,68010,55922,86548,55523,07018,46714,862
Employee Cost 2472352392763123826527028391,010
Other Costs ⓘ 7728281,2581,7057501,3815,9774,3513,2813,637
Operating Profit ⓘ 5716239487461,0041,2941,8042,8702,5931,894
Operating Profit Margin (%) 7.3%6.5%6.1%4.6%7.5%4.8%3.1%9.0%9.7%8.2%
Other Income ⓘ + 6876183824103925151,2651,7061,6042,601
Exceptional Items ⓘ 0-181-21315-2130-7203,8709,600
Interest ⓘ 7826665813815065716646381,0091,748
Depreciation ⓘ 7987101121122125131143155188
Profit Before Tax ⓘ 3973066279705551,1132,2023,7956,90412,159
Tax ⓘ 16796142271186393588952851781
Profit After Tax 2312094856993697211,6142,8436,05311,378
PAT Margin (%) 3.0%2.2%3.1%4.3%2.8%2.7%2.8%8.9%22.7%49.4%
Adjusted EPS (₹)2.01.84.36.23.36.413.724.250.888.0
Dividend Payout Ratio (%)19.10%21%9.10%15.70%29.80%15.30%8.50%5.20%2.50%1.50%

Valuation of Adani Enterprises - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,7673,9083,2493,7614,1284,73113,93416,64026,69962,779
Share Capital ⓘ 110110110110110110114114115129
Reserves ⓘ 3,6573,7983,1393,6514,0184,62113,82016,52626,58362,650
Debt +6,7636,5682,8442,7282,8114,4891,9495,34812,59610,690
Long Term Debt1,8581,5979281,0511,3382,4329003,3579,4626,980
Short Term Debt4,9054,9711,9151,6771,4732,0571,0491,9903,1333,711
Minority Interest0000000000
Trade Payables3,2183,6937,7276,3815,05110,62421,52317,9019,3546,439
Others Liabilities ⓘ 6631,0276869381,0031,8082,7312,2921,6892,317
Total Liabilities ⓘ 14,41215,19714,50513,80712,99221,65240,13742,18050,33882,225

Fixed Assets

Net Fixed Assets ⓘ +1,1621,2531,5481,5101,4091,6651,6501,5221,9492,435
Gross Block1,3181,4961,8911,9721,9602,3192,4222,4263,0033,645
Accumulated Depreciation1562433434625516547739041,0551,210
CWIP ⓘ 6224142112204535116497525911,083
Investments ⓘ 3,0913,0091,9442,2752,4653,4379,94814,07118,83828,275
Inventories5951,2941,9021,5271,0994,8444,0853,0071,8972,066
Trade Receivables2,9232,6355,1823,8462,6613,5164,6884,2212,2924,108
Cash Equivalents 3645253507834364851,3401,0141,1783,569
Others Assets ⓘ 5,6556,0663,3683,6464,4687,19317,77717,59323,59340,690
Total Assets ⓘ 14,41215,19714,50513,80712,99221,65240,13742,18050,33882,225

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -1569861,9086011,5572,10511,187508-3,732-3,240
PBT ⓘ 3862906309705551,1132,2143,7976,88712,159
Adjustment ⓘ 40429126338111302-228-894-3,995-9,725
Changes in Working Capital ⓘ -4873601240-4849588409733-1437-5831-4931
Tax Paid ⓘ -95-94-88-222-67-151-532-959-792-744
Cash Flow From Investing Activity ⓘ + 6461722,39791-1,318-3,126-16,009-2,466-6,466-15,491
Capex -136-93-214-165-372-232-213-279-823-1,207
Net Investments -8-176120-211-142-972-4,220-3,733-1,309-484
Others ⓘ 7904402,490467-803-1,922-11,5751,546-4,334-13,800
Cash Flow From Financing Activity ⓘ + -308-1,145-4,437-422-6321,0665,1102,1009,94121,006
Net Proceeds from Shares ⓘ 0000007,70004,16824,854
Net Proceeds from Borrowing ⓘ -326-588-735379-453534-7251,8595,579-2,988
Interest Paid ⓘ -801-753-593-374-480-549-613-531-711-1,096
Dividend Paid ⓘ 0-44-44-1540-110-114-137-148-150
Others ⓘ 819240-3,065-2743011,191-1,1389081,053385
Net Cash Flow ⓘ 18113-132270-39245289142-2572,275

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.315.4513.5519.949.3516.2717.2918.627.9325.43
ROCE (%)11.19.0114.4720.9615.3820.4321.7822.6125.6324.62
Asset Turnover Ratio0.550.641.051.1511.551.870.780.580.35
PAT to CFO Conversion(x)-0.684.723.930.864.222.926.930.18-0.62-0.28
Working Capital Days
Receivable Days130.60106.4091.80101.7088.904225.9050.8044.5050.70
Inventory Days26.4036.1037.5038.6035.9040.4028.2040.4033.5031.40
Payable Days160.10134.20134.10158.80142.1097.70109.20287.40244.20157.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.230.080.000.660.900.900.900.900.810.80
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Adani Enterprises Ltd FAQs

The current trading price of Adani Enterprises on 05-Jun-2026 16:59 is ₹3,047.9.

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 04-Jun-2026 the market cap of Adani Enterprises stood at ₹3,86,967.4 Cr

The latest P/E ratio of Adani Enterprises as of 04-Jun-2026 is 34.01.

The latest P/B ratio of Adani Enterprises as of 04-Jun-2026 is 6.16.

The 52-week high of Adani Enterprises is ₹3,047.9 and the 52-week low is ₹1,753.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Enterprises is ₹23,056 ( Cr.) .

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

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

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

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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