Adani Transmission Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
2744.70 -87.75 (-3.10%)

DeciZen - Make an Informed Decision on Adani Transmission

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Adani Transmission Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
3,06,169.3 Cr.
52-wk low :
1,652
52-wk high :
4,238.6
Bole Toh?

1. Is Adani Transmission Ltd a good quality company?

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

2. Is Adani Transmission Ltd undervalued or overvalued?

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

3. Is Adani Transmission Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Adani Transmission 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 Transmission:

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 Transmission 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%-5.7%-0.2%2.4%6.5%4.9%4.6%3.9%3.8%3.5%-
Value Creation Index NA-1.5-1.0-0.8-0.5-0.6-0.6-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0022.9274810835833858755740889
YoY Gr. Rt. %-NANA1,097.4%195%3.2%-0.3%3%-12%-2%-
Adj EPS 0-0.5-0.2-0.50-0.20.4-0.4-0.2-0.9-0.1
YoY Gr. Rt. %-NANANANA-650%NA-222.2%NANA-
BVPS (₹) 09.59.820.519.318.215.913.911.47.791.2
Adj Net Profit 00-17.9-56.53.9-24.639.7-48.6-21.3-103-9
Cash Flow from Ops. 00-11.557.5-14.949.623.1-17.4-222.8-
Debt/CF from Ops. 00-228.792.3-534.9194.7456.9-641.8-486.14112.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-1.8%-3.9%-2%
Adj EPS NA-287.6%-237.2%NA
BVPS 0-16.8-21.5-32.7
Share Price - 73.6% 105.9% 47.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0-5.7-3.4-3.40.2-1.22.1-3-1.5-9.8-0.2
Op. Profit Mgn % 001.424.13.1-0.7-1.3-2.7-1.3-0.3-1.2
Net Profit Mgn % 00-78.3-20.60.5-34.8-5.7-2.8-13.9-1
Debt to Equity 002.52.43.84.867.38.513.80.1
Working Cap Days 002192,5672,3583,1842,9852,4362,8392,857687
Cash Conv. Cycle 001956741281-10-9-3323

Recent Performance Summary

Sales growth is good in last 4 quarters at 57.71%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -237.21%

Debt to equity has increased versus last 3 years average to 13.81

Latest Financials - Adani Transmission Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 8.1
TTM Sales (₹ Cr.) 889 12,270
BVPS (₹.) 91.2 95.3
Reserves (₹ Cr.) 9,056 9,520
P/BV 30.10 28.79
PE 0.00 340.99
From the Market
52 Week Low / High (₹) 1652.00 / 4238.55
All Time Low / High (₹) 25.25 / 4238.55
Market Cap (₹ Cr.) 3,06,169
Equity (₹ Cr.) 1,115.5
Face Value (₹) 10
Industry PE 12.1

Management X-Ray of Adani Transmission :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *35.7829.1127.7712.028.258.177.226.745.906.39
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Adani Transmission

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Adani Transmission Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Adani Transmission on 02-Dec-2022 18:01 is : 2,744.7.
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 02-Dec-2022 18:01 the market cap of Adani Transmission stood at ₹ 3,06,169.3.
The latest PE ratio of Adani Transmission as of 02-Dec-2022 18:01 is 0.00.
The latest PB ratio of Adani Transmission as of 02-Dec-2022 18:01 is 30.10
The 52-week high of Adani Transmission is ₹ 4,238.6 and the 52-week low is ₹ 1,652.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Adani Transmission is ₹ 889.2 ( Cr.) .

About Adani Transmission 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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