Adani Energy Solutions Ltd - Stock Valuation and Financial Performance

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

Adani Energy Solut. Share Price

1,058.90 8.70 0.83%
as on 26-Apr'24 16:01

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

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Adani Energy Solutions stock performance -

mw4me loader
P/E Ratio (SA):
205.41
Market Cap:
1,18,420.7 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 Somewhat overvalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Adani Energy Solutions 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.7%-0.2%2.4%6.5%4.9%4.6%3.9%3.8%3.5%3.5%-
Value Creation
Index
-1.5-1.0-0.8-0.5-0.6-0.6-0.7-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 022.92748108358338587557406881,260
Sales YoY Gr.-NA1,097.4%195%3.2%-0.3%3%-12%-2%-7%-
Adj EPS -0.5-0.2-0.50-0.30.4-0.4-0.2-0.91.45.2
YoY Gr.-NANANA-1350%NA-222.2%NANANA-
BVPS (₹) 9.59.820.519.318.215.913.911.47.792.697.2
Adj Net
Profit
0-17.9-56.51.8-27.139.7-48.6-21.3-103158577
Cash Flow from Ops. 0-11.557.5-14.949.623.1-17.4-222.8-15.3-
Debt/CF from Ops. 0-228.992.3-534.9194.7456.9-641.8-486.14112.2-170.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-3.8%-7.1%-7%
Adj EPS NANANANA
BVPS28.9%38.4%88.1%1103.9%
Share Price - 37% 0.5% 7.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5.7-3.4-3.40.1-1.32.1-3-1.5-9.82.85.5
Op. Profit
Mgn %
01.424.13.1-0.7-1.3-2.7-1.3-0.3-4.1-1.1
Net Profit
Mgn %
0-78.3-20.60.2-3.34.8-5.7-2.8-13.92345.8
Debt to
Equity
02.52.43.84.867.38.513.80.3-
Working Cap
Days
02192,5672,3583,1842,9852,4362,8392,8572,928407
Cash Conv.
Cycle
01956741281-10-9-3-1160

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.40%

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

Sales growth is good in last 4 quarters at 26.71%

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 (₹) 5.2 10.4
TTM Sales (₹ Cr.) 1,260 15,258
BVPS (₹.) 97.2 109.8
Reserves (₹ Cr.) 9,732 11,131
P/BV 10.92 9.67
PE 205.41 101.79
From the Market
52 Week Low / High (₹) 686.90 / 1250.00
All Time Low / High (₹) 25.25 / 4238.55
Market Cap (₹ Cr.) 1,18,421
Equity (₹ Cr.) 1,115.5
Face Value (₹) 10
Industry PE 22.5

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales023274810835833858755740688
Operating Expenses 023208785841844881765742716
Manufacturing Costs00159759819828857755734686
Material Costs0000000000
Employee Cost 0172713643421
Other Costs 0622121511207629
Operating Profit 006625-5-11-23-10-2-28
Operating Profit Margin (%) -1.4%24.1%3.1%-0.6%-1.3%-2.7%-1.3%-0.3%-4.1%
Other Income 01147799775799796679701615
Interest 019270819794733767690763416
Depreciation 0000000000
Exceptional Items 0000000000
Profit Before Tax 0-18-575-25546-21-65170
Tax 00010120000
Profit After Tax 0-18-574-25426-21-65170
PAT Margin (%) --78.3%-20.6%0.5%-2.9%5.1%0.6%-2.8%-8.7%24.8%
Adjusted EPS (₹)-0.5-0.2-0.50.0-0.20.40.1-0.2-0.61.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 01,0722,2492,1212,0041,7501,5311,25784610,327
Share Capital 01,0901,1001,1001,1001,1001,1001,1001,1001,115
Reserves 0-181,1491,021904651431157-2549,211
Minority Interest0000000000
Debt02,6275,1617,6769,0719,43310,63010,47711,4492,600
Long Term Debt002,6926,7558,0608,58410,6309,75410,5371,740
Short Term Debt02,6272,4689201,0118490723912860
Trade Payables01311929124933
Others Liabilities 0112089731,1641,61164845538137
Total Liabilities 03,7117,62110,78012,24812,82412,93412,19812,67912,966

Fixed Assets

Gross Block0011112222
Accumulated Depreciation0000001111
Net Fixed Assets0011111110
CWIP 0000000008
Investments 03,6833,6863,8153,7836,9585,9846,2036,6816,712
Inventories0055320000
Trade Receivables02677111291097002
Cash Equivalents 001023385191881,17618389817
Others Assets023,7516,5117,9135,6655,6765,9755,6085,427
Total Assets 03,7117,62110,78012,24812,82412,93412,19812,67912,966

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-1157-155023-17-223-15
PBT 0-18-575-25546-21-65170
Adjustment 0221232119-65-171566-199
Changes in Working Capital 0-15-6-365857-5-3289
Tax Paid 0-1-3-5-4-23-116-74
Cash Flow From Investing Activity 0-3,683-3,747-2,311-246-2671,971191240-1,585
Capex 00-110-100-1-22
Net Investments 00-99-286379-232-123-3721-68
Others 0-3,683-3,646-2,026-625-332,093563239-1,495
Cash Flow From Financing Activity 03,6943,6912,325703-234-1,184-961-2481,681
Net Proceeds from Shares 01,09000000003,850
Net Proceeds from Borrowing 002,8504,407-300-6931,040-4722031,019
Interest Paid 0-19-236-508-878-656-831-531-716-288
Dividend Paid 0000000000
Others 02,6241,077-1,5741,8811,115-1,39342264-2,900
Net Cash Flow 0020506-477770-793-680
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A-3.35-3.410.18-1.192.260.34-1.52-6.153.05
ROCE (%)N/A0.073.799.337.086.576.195.445.714.61
Asset Turnover Ratio00.010.050.090.070.070.070.060.060.05
PAT to CFO Conversion(x)N/AN/AN/A-3.75N/A0.55-2.83N/AN/A-0.09
Working Capital Days
Receivable Days04126842319232301
Inventory Days0062210000
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 26-Apr-2024 16:01 is ₹1,058.9.
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 26-Apr-2024 16:01 the market cap of Adani Energy Solut. stood at ₹1,18,420.7.
The latest P/E ratio of Adani Energy Solut. as of 26-Apr-2024 16:01 is 205.4.
The latest P/B ratio of Adani Energy Solut. as of 26-Apr-2024 16:01 is 10.92.
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 ₹1,260 ( 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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