Adani Enterprises Ltd - Stock Valuation and Financial Performance

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

Adani Enterprises Share Price

3,208.75 -33.40 -1.03%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Adani Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Adani Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
145.83
Market Cap:
3,65,797.9 Cr.
52-wk low:
1,775.8
52-wk high:
3,349.4

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 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 Semi Strong which suggest that the price of Adani Enterprises Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.9%7.6%8.6%7.8%7.8%13.9%14.8%13.2%15.4%21.4%-
Value Creation
Index
-0.6-0.3-0.4-0.4-0.30.00.30.20.40.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,78914,9168,1498,5959,53815,55716,20913,35926,82467,32544,580
Sales YoY Gr.-26.5%-45.4%5.5%11%63.1%4.2%-17.6%100.8%151%-
Adj EPS 2.35.55.82.53.46.96.35.17.920.622
YoY Gr.-144.9%4.5%-56.6%37.6%100%-9.2%-19.2%57.2%160%-
BVPS (₹) 91.293.432.234.335.529.534.237.543122.2139.2
Adj Net
Profit
2476056332753797566875568732,3522,508
Cash Flow from Ops. 588220-704-1569861,9086011,5572,10511,187-
Debt/CF from Ops. 11.227.4-9.5-46.26.81.551.92.30.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.4%47.8%60.8%151%
Adj EPS 27.9%43.1%48.9%160%
BVPS3.3%28%52.9%184.2%
Share Price 22.1% 86.8% 42.6% 71.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.469.27.59.921.119.614.119.725.216.8
Op. Profit
Mgn %
-1.13.367.77.38.66.58.15.64.16.2
Net Profit
Mgn %
2.14.17.83.244.94.24.23.33.55.6
Debt to
Equity
0.70.61.91.91.70.90.80.710.2-
Working Cap
Days
429350562426336221219235162114106
Cash Conv.
Cycle
17-20-202232143-25-3714

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 60.75%

Net Profit is growing at healthy rate in last 3 years 48.92%

Debt to equity has declined versus last 3 years average to 0.21

Return on Equity has declined versus last 3 years average to 16.80%

Sales growth is not so good in last 4 quarters at -16.31%

Latest Financials - Adani Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 22 30.8
TTM Sales (₹ Cr.) 44,580 1,07,638
BVPS (₹.) 139.2 338.5
Reserves (₹ Cr.) 15,751 38,475
P/BV 23.06 9.48
PE 145.83 104.14
From the Market
52 Week Low / High (₹) 1775.80 / 3349.35
All Time Low / High (₹) 4.09 / 4189.55
Market Cap (₹ Cr.) 3,65,798
Equity (₹ Cr.) 114
Face Value (₹) 1
Industry PE 79.8

Management X-Ray of Adani Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.104.363.792.662.660.640.500.240.230.08
* 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales11,78914,9168,1498,5959,53815,55716,20913,35926,82467,325
Operating Expenses 12,53614,8417,8718,0268,91514,60615,46312,35525,53065,511
Manufacturing Costs434717825789471802734902899
Material Costs10,11912,2196,1446,7497,76412,63812,68010,55922,86557,980
Employee Cost 148175239247235239276312382652
Other Costs 2,2252,4011,3107728281,2581,7057501,3815,979
Operating Profit -746752785696239517461,0041,2941,814
Operating Profit Margin (%) -6.3%0.5%3.4%6.6%6.5%6.1%4.6%7.5%4.8%2.7%
Other Income 1,2041,2979936876183824103925151,268
Interest 761929717792666581381506571665
Depreciation 5982797987101121122125131
Exceptional Items 071420-181-21315-2130-72
Profit Before Tax -3624325163863066309705551,1132,214
Tax -18425-416496143271186393591
Profit After Tax -1794075202222094876993697211,623
PAT Margin (%) -1.5%2.7%6.4%2.6%2.2%3.1%4.3%2.8%2.7%2.4%
Adjusted EPS (₹)-1.63.74.72.01.94.46.43.46.614.2
Dividend Payout Ratio (%)-86%38%8%20%21%9%16%30%15%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 10,03410,2783,5453,7673,9083,2493,7614,1284,73113,934
Share Capital 110110110110110110110110110114
Reserves 9,92410,1683,4353,6573,7983,1393,6514,0184,62113,820
Minority Interest0000000000
Debt6,0145,1706,0316,7636,5682,8442,7282,8114,4891,949
Long Term Debt2,0412,5351,9111,8581,5979281,0511,3382,432900
Short Term Debt3,9742,6354,1194,9054,9711,9151,6771,4732,0571,049
Trade Payables4,9845,7822,9383,2183,6937,7276,3815,05110,62421,523
Others Liabilities 1,4131,3231,5656631,0276869381,0031,8082,731
Total Liabilities 22,44622,55314,07914,41215,19714,50513,80712,99221,65240,137

Fixed Assets

Gross Block1,1161,1751,1581,3181,4961,8911,9721,9602,3192,422
Accumulated Depreciation19227879156243343462551654773
Net Fixed Assets9248981,0791,1621,2531,5481,5101,4091,6651,650
CWIP 255270851622414211220453511649
Investments 6,5526,9541,1023,0913,0091,9442,2752,4653,4379,948
Inventories1,0695855305951,2941,9021,5271,0994,8444,085
Trade Receivables3,1133,7952,6422,9232,6355,1823,8462,6613,5164,688
Cash Equivalents 2612381343645253507834364851,340
Others Assets10,2739,8137,7405,6556,0663,3683,6464,4687,19317,777
Total Assets 22,44622,55314,07914,41215,19714,50513,80712,99221,65240,137

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 588220-704-1569861,9086011,5572,10511,187
PBT -3624325163862906309705551,1132,214
Adjustment -371-215-22240429126338111302-228
Changes in Working Capital 136558-904-4873601240-4849588409733
Tax Paid -44-55-94-95-94-88-222-67-151-532
Cash Flow From Investing Activity -1,0511,8631,1006461722,39791-1,318-3,126-16,009
Capex -207-120-177-136-93-214-165-372-232-213
Net Investments 1,54963-3-8-176120-211151-972-4,220
Others -2,3931,9201,2807904402,490467-1,096-1,922-11,575
Cash Flow From Financing Activity 392-2,050-530-308-1,145-4,437-422-6321,0665,110
Net Proceeds from Shares 0000000007,700
Net Proceeds from Borrowing 2851,454-1,411-326-588-735379-453585-1,012
Interest Paid -765-967-688-801-753-593-374-480-549-613
Dividend Paid -154-154-1980-44-44-1540-110-114
Others 1,026-2,3831,766819240-3,065-2743011,140-850
Net Cash Flow -7133-13518113-132270-39245289
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.754.017.536.065.4513.6219.949.3516.2717.39
ROCE (%)2.498.279.2911.099.0114.520.9615.3820.4321.88
Asset Turnover Ratio0.550.660.440.60.641.051.1411.552.18
PAT to CFO Conversion(x)N/A0.54-1.35-0.74.723.920.864.222.926.89
Working Capital Days
Receivable Days1058514411810692102894222
Inventory Days28202524363839364024
Payable Days1401422331411341341591429891

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 12-Apr-2024 16:59 is ₹3,208.8.
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 12-Apr-2024 16:59 the market cap of Adani Enterprises stood at ₹3,65,797.9.
The latest P/E ratio of Adani Enterprises as of 12-Apr-2024 16:59 is 145.8.
The latest P/B ratio of Adani Enterprises as of 12-Apr-2024 16:59 is 23.06.
The 52-week high of Adani Enterprises is ₹3,349.4 and the 52-week low is ₹1,775.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Enterprises is ₹44,580 ( 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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