Adani Transmission Ltd's earnings have grown by 0%, whereas share price has appreciated 108.4% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
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Past 10 years financial track record analysis by Moneyworks4me indicates that Adani Transmission Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
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.
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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.