Adani Enterprises Ltd logo

Adani Enterprises Ltd

ADANIENT NSE

Key Fundamentals

LargecapTrading MineralsMetals & Mining
Market Cap
3.9L Cr
Volatility
Moderate
P/E Ratio
51.59
EBITDA
₹16,464 Cr
Return on Equity
10.87%
Debt to Equity
1.32
Book Value
₹700.07
EPS
₹37.44
52W High
₹3,245
52W Low
₹1,753

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Weaknesses

6
  • Stock is trading at 4.82 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.70%
  • Company has a low return on equity of 2.41% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.9,193 Cr.

Growth Rate

Revenue Growth
2.57% ↗
Net Income Growth
29.07% ↗
Cash Flow Change
-47.78% ↘
ROE
-18.27% ↘
ROCE
-11.72% ↗
EBITDA Margin (Avg.)
-4.02% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

Adani Enterprises Ltd trades at a market cap of ~Rs 3.98 lakh crore with a PE of 54.5x and PB of 4.32x. FY25 consolidated revenue was Rs 1,00,365 crore (up 2% YoY) with EBITDA of Rs 16,722 crore (up 26% YoY), but 3-year ROE averages only 2% and reported profit declined 36% on a TTM basis excluding exceptional items.

Bull Case 7
  • FY25 EBITDA grew 26% YoY to Rs 16,722 crore, indicating strong operating leverage from incubating businesses scaling up
  • Incubating businesses (airports, data centers, roads, green energy) now contribute 87% of EBITDA in FY25 vs 68% in FY24, showing successful business transition
  • TTM revenue growth of 18% demonstrates continued top-line momentum despite 3-year sales CAGR being negative at -8%
  • 10-year stock CAGR of 51% reflects long-term wealth creation track record across multiple market cycles
  • FY25 PBT (excluding exceptional gain) grew 16% YoY to Rs 6,533 crore, showing underlying profit improvement
  • 5-year compounded sales growth of 21% indicates strong medium-term revenue expansion from new business verticals
  • Large infrastructure assets including Navi Mumbai Airport, copper smelter, and Ganga Expressway provide multi-year EBITDA unlock potential
Bear Case 8
  • PE ratio of 54.5x is expensive for a conglomerate with only 2.41% 3-year average ROE, implying poor capital efficiency relative to valuation
  • TTM profit declined 36%, and last year ROE turned negative at -3%, signaling earnings pressure from high capex phase
  • Earnings include other income of Rs 9,193 crore, raising questions about core operating profit quality
  • Stock trades at 4.85x book value despite low return on equity, suggesting valuation is pricing in distant future earnings
  • Promoter holding decreased by 2.70% in the last quarter, which may signal dilution or pledging concerns
  • Company has low interest coverage ratio, indicating debt servicing burden from aggressive capital deployment across multiple verticals
  • Company may be capitalizing interest costs, which flatters reported profits and understates true financing expenses
  • 3-year compounded sales CAGR is negative at -8%, partly reflecting exit from low-margin trading businesses but also revenue volatility

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • Q1FY27 loss on OFAC settlement Jul 29

    Consolidated net loss of ₹1,461.54 crore driven by ₹2,644.02 crore exceptional item from OFAC settlement. Revenue rose 50% YoY to ₹32,923.98 crore but the settlement overhang weighs on near-term sentiment.

Positives 2
  • Flight Simulation acquisition completed Aug 4

    Subsidiary ADSTL completed acquisition of remaining 44.6% stake in Flight Simulation Solutions (enterprise value ₹820 crore), making it wholly-owned. Target reported ₹235 crore consolidated revenue for FY25-26.

  • Dioxycle low-carbon partnership Jul 13

    Adani Enterprises partnered with Dioxycle to advance low-carbon chemical manufacturing in India, starting with a formic acid pilot facility.

Neutral 5
  • Investor meets in Mumbai Aug 6

    Adani Enterprises to hold physical investor interactions at Emkay Confluence (Aug 12) and Motilal Oswal conference (Aug 17) in Mumbai.

  • IFSC treasury arm incorporated Aug 5

    Adani Airport Holdings incorporated AAHL Global IFSC Limited with ₹5 lakh paid-up capital to manage global treasury operations under IFSCA regulations.

  • Rights Issue utilisation on track Jul 29

    CARE Ratings confirms no deviation in ₹24,930.30 crore Rights Issue fund utilisation; ₹2,204.53 crore deployed during Q1FY27.

  • Rejects airline plans reports Jul 24

    Adani Enterprises formally denied media reports about alleged airline plans, calling claims unfounded and distancing itself from reported developments.

  • Q1FY27 earnings call held Jul 29

    Earnings call audio for quarter ended June 30, 2026 submitted to BSE and NSE, discussing standalone and consolidated unaudited results.

TL;DR: Adani Enterprises is growing revenue at 50% YoY and actively expanding via defence acquisitions and green chemistry partnerships, but the ₹2,644 crore OFAC settlement created a significant Q1 loss overhang. Rights Issue funds are being deployed without deviation, signalling disciplined capital allocation. The key risk remains legal/regulatory fallout from the OFAC matter; if no further settlements emerge, the underlying business momentum and diversification trajectory look constructive heading into Q2FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
22,644
19,546
25,050
29,180
25,472
22,608
22,848
26,966
21,961
21,249
24,820
32,439
32,924
Expenses
20,119
17,116
21,824
25,985
21,767
18,842
19,778
23,256
18,651
17,942
21,178
28,709
27,905
Operating Profit
2,525
2,430
3,226
3,195
3,706
3,766
3,070
3,710
3,310
3,307
3,642
3,731
5,019
OPM %
11%
12%
13%
11%
15%
17%
13%
14%
15%
16%
15%
12%
15%
Other Income
370
461
491
-176
591
583
648
4,582
475
4,179
6,288
748
-2,022
Interest
1,103
1,343
597
1,513
1,130
910
2,141
1,796
1,035
1,711
1,626
1,646
2,421
Depreciation
714
757
760
811
934
1,035
1,006
1,236
1,284
1,377
1,372
2,103
1,926
PBT
1,079
791
2,361
696
2,232
2,403
572
5,259
1,466
4,398
6,932
729
-1,349
Tax %
33%
50%
19%
62%
26%
21%
103%
24%
39%
23%
20%
117%
16%
Net Profit
677
333
1,973
352
1,772
1,989
229
4,015
976
3,414
5,727
-167
-1,462
EPS in Rs
5.28
1.78
14.79
3.53
11.39
13.64
0.45
29.74
6.85
24.74
43.53
-0.81
-8.92
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
64,465
34,008
36,533
35,924
40,379
43,403
39,537
69,420
1,27,540
96,421
97,895
1,00,469
1,11,431
Expenses
52,015
32,325
34,631
33,886
38,409
41,108
37,031
65,707
1,18,722
85,044
83,643
86,478
95,733
Operating Profit
12,450
1,684
1,902
2,038
1,969
2,294
2,506
3,714
8,818
11,377
14,252
13,991
15,698
OPM %
19%
5%
5%
6%
4.9%
5%
6%
5%
7%
12%
15%
14%
14%
Other Income
792
1,044
749
363
504
872
494
1,012
834
1,146
6,403
11,688
9,193
Interest
7,056
1,357
1,257
1,250
1,625
1,572
1,377
2,526
3,969
4,555
5,978
6,019
7,405
Depreciation
3,522
314
315
664
390
472
537
1,248
2,436
3,042
4,211
6,135
6,777
PBT
2,663
1,056
1,079
487
459
1,122
1,086
952
3,247
4,926
10,466
13,525
10,709
Tax %
14%
7%
25%
23%
32%
29%
31%
50%
32%
33%
28%
28%
—
Net Profit
2,298
1,000
925
594
506
1,040
1,046
788
2,422
3,335
8,005
9,951
7,513
EPS in Rs
15.81
8.21
8.02
6.15
5.82
9.24
7.49
6.3
19.3
25.37
55.02
72.31
58.54
Div. Payout %
8%
4%
4%
6%
6%
10%
12%
14%
6%
5%
2%
2%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
110
110
110
110
110
110
110
110
114
114
115
129
Reserves
25,618
13,268
14,026
14,979
14,646
16,837
17,049
22,147
32,937
38,962
50,199
80,797
Borrowings
83,571
19,169
20,846
17,637
11,243
12,419
16,227
41,604
53,200
65,310
91,473
1,06,622
Other Liabilities
21,420
9,132
12,630
23,679
16,537
17,509
18,231
37,726
55,027
56,200
56,056
73,321
Total Liabilities
1,30,718
41,679
47,611
56,405
42,536
46,875
51,617
1,01,586
1,41,278
1,60,586
1,97,843
2,60,868
Fixed Assets
83,834
10,473
13,668
10,555
9,020
10,476
10,838
30,123
56,881
65,978
77,260
1,15,174
CWIP
6,733
7,705
7,731
5,526
5,765
7,347
8,825
23,544
24,025
35,180
51,516
51,753
Investments
744
805
1,042
1,461
1,511
1,952
5,503
4,292
6,310
8,701
9,887
9,428
Other Assets
39,407
22,696
25,170
38,864
26,240
27,099
26,451
43,627
54,062
50,728
59,180
84,513
Total Assets
1,30,718
41,679
47,611
56,405
42,536
46,875
51,617
1,01,586
1,41,278
1,60,586
1,97,843
2,60,868
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
8,532
5,112
774
2,942
3,236
2,454
4,043
1,385
17,626
10,312
4,513
2,357
Investing
-11,465
-1,825
-1,460
-7,649
2,487
-1,082
-8,611
-17,041
-15,459
-18,767
-26,417
-27,680
Financing
3,445
-3,448
716
5,120
-6,158
-221
3,109
15,901
-1,198
8,879
22,655
28,484
Net Cash Flow
512
-161
30
413
-436
1,151
-1,459
246
970
424
751
3,161
Free Cash Flow
-621
-778
-3,373
-4,352
1,471
-268
684
-10,260
2,972
-11,934
-25,002
-30,993
CFO/OP
75
317
52
157
175
119
166
43
210
106
46
36
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
87
109
127
123
129
111
111
72
36
37
36
46
Inventory Days
35
17
19
28
29
27
21
46
27
69
73
126
Days Payable
89
69
101
104
133
126
142
120
111
179
151
185
Cash Conversion Cycle
33
57
46
47
26
11
-10
-2
-49
-73
-42
-13
Working Capital Days
-81
-2
-19
-8
-10
-21
-31
-89
-38
-61
-59
-45
ROCE %
9%
3%
7%
6%
7%
9%
8%
7%
9%
10%
9%
6%

Shareholding Pattern

As of Jul 2026
Promoters 71.97%
DIIs 10.75%
FIIs 10.52%
Others 3.93%
Public 2.84%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
74.92%
74.92%
74.92%
74.92%
74.92%
72.28%
72.28%
72.63%
72.63%
69.23%
67.65%
72.61%
72.61%
72.61%
74.72%
74.89%
73.97%
73.97%
73.97%
73.97%
73.97%
74.67%
74.84%
71.97%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.41%
11.74%
11.30%
11.73%
11.71%
11.54%
11.72%
11.65%
10.80%
8.77%
10.52%
DIIs
0.75%
2.14%
3.87%
4.95%
5.66%
5.37%
5.65%
5.30%
5.45%
5.16%
5.46%
5.64%
5.44%
5.77%
6.02%
6.45%
6.61%
6.86%
7.04%
6.83%
6.72%
6.70%
9.33%
10.75%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
2.75%
2.62%
2.47%
2.32%
2.24%
2.20%
2.18%
2.22%
2.09%
3.61%
3.38%
2.96%
2.96%
2.86%
3.18%
3.11%
3.28%
3.13%
3.07%
3.11%
3.31%
3.37%
2.97%
2.84%
Others
21.59%
20.31%
18.75%
17.81%
17.18%
20.14%
19.89%
19.86%
19.83%
22.00%
23.51%
18.79%
18.99%
4.35%
4.34%
4.24%
4.40%
4.33%
4.37%
4.36%
4.35%
4.46%
4.08%
3.93%
No. of Shareholders
1,48,923
2,22,685
2,14,588
2,45,611
2,26,071
2,31,966
2,34,308
2,63,609
2,53,432
7,46,605
6,61,255
5,66,232
5,61,309
5,37,342
6,43,975
5,84,928
6,67,210
6,55,946
6,21,739
6,18,413
6,24,868
6,64,882
5,96,414
5,88,595

Documents

Frequently Asked Questions about Adani Enterprises Ltd

What does Adani Enterprises Ltd do?
Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence.[1]
Where is Adani Enterprises Ltd (ADANIENT) listed?
Adani Enterprises Ltd is listed on the Indian stock exchanges. It is listed on NSE: ADANIENT and BSE: 512599. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Adani Enterprises Ltd belong to?
Adani Enterprises Ltd operates in the Metals & Mining sector within the Trading Minerals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Adani Enterprises Ltd?
Adani Enterprises Ltd has a market capitalisation of approximately ₹393133.50 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Adani Enterprises Ltd?
The Price-to-Earnings (PE) ratio of Adani Enterprises Ltd is 51.59. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Adani Enterprises Ltd?
Over the past 52 weeks, Adani Enterprises Ltd has traded between a low of ₹1,753 and a high of ₹3,245. This range helps investors understand the stock's price volatility and recent trading levels.
Does Adani Enterprises Ltd pay dividends?
Yes, Adani Enterprises Ltd has a dividend yield of 0.04%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Adani Enterprises Ltd?
Adani Enterprises Ltd has a Return on Equity (ROE) of 10.87%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Adani Enterprises Ltd on Tapetide?
On Tapetide, you can view Adani Enterprises Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence.[1]

Website adani.com
CEO Mr. Gautambhai Shantilal Adani S.Y. B.Com
Employees 11,571
Listed 1994-11-25
Face Value ₹ 1
Issued Size 1,15,41,80,729

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