Adani Enterprises Ltd logo

Adani Enterprises Ltd

ADANIENT NSE

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]

AI Verdict: HOLD Confidence: 4%

Adani Enterprises trades at a PE of 39.7x with a weak 3-year ROE of just 2% and negative TTM profit growth of -199%, making the valuation hard to justify on fundamentals. However, the stock has delivered a 10-year CAGR of 51% and all 2 analyst ratings are Buy, reflecting confidence in its long-term platform value across new energy, airports, and data centers.

Key Fundamentals

LargecapTrading MineralsMetals & Mining
Market Cap
4.0L Cr
Volatility
Moderate
P/E Ratio
42.05
EBITDA
₹16,464 Cr
Return on Equity
7.45%
Debt to Equity
1.51
Book Value
₹613.03
EPS
₹37.44
52W High
₹3,091.7
52W Low
₹1,753

Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 4.90 times its book value
  • Company has low interest coverage ratio.
  • 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.11,688 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 2d ago
HOLD
Risk high

Adani Enterprises trades at a PE of 39.7x with a weak 3-year ROE of just 2% and negative TTM profit growth of -199%, making the valuation hard to justify on fundamentals. However, the stock has delivered a 10-year CAGR of 51% and all 2 analyst ratings are Buy, reflecting confidence in its long-term platform value across new energy, airports, and data centers.

Bull Case 7
  • Exceptional long-term wealth creation with 10-year stock CAGR of 51%, far outpacing broader market returns
  • 100% analyst Buy consensus — all 2 rated analysts recommend buying the stock
  • Strong 5-year compounded sales growth of 21% indicating robust revenue scaling across business verticals
  • 1-year stock return of 28% demonstrates continued market confidence despite Hindenburg headwinds
  • Market cap of Rs 3,88,614 Cr positions it as an incubator platform with scale advantages in airports, green hydrogen, data centers, and roads
  • 5-year stock CAGR of 16% shows sustained compounding even through the 2023 short-seller crisis
  • TTM revenue still growing at 3% despite aggressive capex phase across multiple new-age businesses
Bear Case 8
  • TTM compounded profit growth is -199%, indicating a sharp earnings decline or swing to losses
  • 3-year ROE of only 2% is extremely poor for a company trading at 4.96x price-to-book
  • Last year ROE turned negative at -3%, showing capital is being destroyed rather than generating returns
  • PE ratio of 39.7x is expensive given near-zero earnings growth and negative profit trajectory
  • Low interest coverage ratio signals debt servicing pressure on operating profits
  • Other income of Rs 11,688 Cr inflates reported earnings — core operating profit is much weaker
  • Company may be capitalizing interest costs, flattering reported profits and understating true operating expenses
  • 3-year compounded sales growth is -8%, indicating revenue contraction on a medium-term basis

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • JAL takeover drives 52-week high May 25

    Stock hit ₹2,858.8 (52-week high), up 4.87% after NCLT approved ₹14,535 crore resolution plan for Jaypee Assets Limited. Q4 FY26 revenue jumped 20.3% to ₹32,439 crore YoY.

  • Jabil AI data center alliance Jun 15

    Adani Enterprises and Jabil Inc announced a strategic alliance to build vertically integrated AI data center infrastructure in India, targeting multi-GW manufacturing capacity.

  • Bengaluru Tunnel Road contract Jun 1

    Secured a significant contract for the Bengaluru Tunnel Road Project, enhancing urban connectivity and adding to infrastructure portfolio. Contract value not yet disclosed.

Neutral 7
  • Group sets ambitious FY31 targets Jun 24

    At AGM, outlined targets including Rs 915b revenue for Adani Ports by FY31, 3GW data center platform by 2030, 45GW power capacity with Rs 2t capex, and 10GW nuclear by 2035.

  • AdaniConnex acquires Madhuvanti Build Jun 12

    AdaniConnex (JV of Adani Enterprises) acquired 100% of Madhuvanti Build Estate for ₹765.25 crore on June 11, 2026, for infrastructure development including land and licenses.

  • Portus Ventures acquisition Jun 8

    Subsidiary AACL to acquire 100% of Portus Ventures for INR 1.40 lakhs, with completion by June 17, 2026.

  • Investor meet at Navi Mumbai Jun 5

    Held in-person investor and analyst interaction on June 10, 2026, at Navi Mumbai International Airport.

  • Dividend record date set May 28

    Fixed June 12, 2026 as record date for final dividend for FY 2025-26, subject to approval at 34th AGM on June 24.

  • No share encumbrance confirmed May 25

    Promoter group confirms zero encumbrance on shares for FY26, with total promoter holding at 74.67%.

  • BRSR filed, emissions down 57% May 29

    Submitted FY26 Business Responsibility and Sustainability Report showing 57% reduction in operational emission intensity.

TL;DR: Adani Enterprises is on a strong footing with its stock hitting a 52-week high on successful JAL resolution execution, robust Q4 revenue growth of 20.3%, and aggressive expansion into AI data centers via the Jabil alliance. No material headwinds emerged in recent news, with Bernstein expressing comfort on debt and promoter metrics. The group's ambitious multi-year targets (3GW data centers, 45GW power, 10GW nuclear) signal heavy capex ahead, making execution and leverage management key watchpoints going forward.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
28,944
22,644
19,546
25,050
29,180
25,472
22,608
22,848
26,966
21,961
21,249
24,820
32,439
Expenses
25,337
20,119
17,116
21,824
25,985
21,767
18,842
19,778
23,256
18,651
17,942
21,178
28,709
Operating Profit
3,607
2,525
2,430
3,226
3,195
3,706
3,766
3,070
3,710
3,310
3,307
3,642
3,731
OPM %
12%
11%
12%
13%
11%
15%
17%
13%
14%
15%
16%
15%
12%
Other Income
-15
370
461
491
-176
591
583
648
4,582
475
4,179
6,288
748
Interest
1,525
1,103
1,343
597
1,513
1,130
910
2,141
1,796
1,035
1,711
1,626
1,646
Depreciation
895
714
757
760
811
934
1,035
1,006
1,236
1,284
1,377
1,372
2,103
PBT
1,172
1,079
791
2,361
696
2,232
2,403
572
5,259
1,466
4,398
6,932
729
Tax %
38%
33%
50%
19%
62%
26%
21%
103%
24%
39%
23%
20%
117%
Net Profit
781
677
333
1,973
352
1,772
1,989
229
4,015
976
3,414
5,727
-167
EPS in Rs
5.66
5.28
1.78
14.79
3.53
11.39
13.64
0.45
29.74
5.68
24.74
43.53
-1.71
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
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
OPM %
19%
5%
5%
6%
5%
5%
6%
5%
7%
12%
15%
14%
Other Income
792
1,044
749
363
504
872
494
1,012
834
1,146
6,403
11,688
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
Depreciation
3,522
314
315
664
390
472
537
1,248
2,436
3,042
4,211
6,135
PBT
2,663
1,056
1,079
487
459
1,122
1,086
952
3,247
4,926
10,466
13,525
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
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
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 Mar 2026
Promoters 74.67%
FIIs 10.80%
DIIs 6.70%
Others 4.46%
Public 3.37%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
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%
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%
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%
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%
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%
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

Documents

1
Concall - Oct 2017 Oct 2017
2
Concall - Jul 2022 Jul 2022
3
Concall - Nov 2023 Nov 2023
4
Concall - Aug 2024 Aug 2024
5
Concall - Jan 2025 Jan 2025

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 Commodities sector within the Metals & Minerals Trading 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 ₹400486.89 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 42.05. 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 ₹3,091.7. 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 7.45%. 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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