Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed conglomerate headquartered in Ahmedabad, India. It is the flagship company of the Adani Group, one of India’s largest diversified business houses. AEL is primarily involved in infrastructure, commodities, power generation, and transmission.
Adani Enterprises Overview
| Attribute | Description |
|---|---|
| Company Name | Adani Enterprises Limited (AEL) |
| Headquarters | Ahmedabad, India |
| Industry | Conglomerate |
| Sectors | Infrastructure, commodities, power generation, transmission, mining, ports & logistics, renewable energy, airports, city gas distribution |
| Founder | Gautam Adani |
| Year Founded | 1988 |
| Website | https://www.adani.com/ |
| Revenue (2022-23) | ₹215,542 crore (US$26.4 billion) |
| Net Income (2022-23) | ₹38,581 crore (US$4.7 billion) |
| Number of Employees | 33,000 |
| Stock Exchanges | BSE, NSE |
| Indices | Sensex, Nifty 50, MSCI India |
| Criticisms | Environmental impact, reliance on coal-based power generation |
| Sustainability Initiatives | Investments in renewable energy, target of 45% renewable power generation capacity by 2030 |
Adani Enterprises Products
| Category | Description |
|---|---|
| Infrastructure: | * Ports & Logistics: Operating ports, terminals, and logistics infrastructure across India. * Road, Metro & Rail: Building and managing roads, metro lines, and railway infrastructure. * Airports: Operating and developing airports across India, including Mumbai International Airport. * Data Centers: Building and operating a network of hyperscale data centers. |
| Commodities: | * Mining: Supplying coal, iron ore, copper, and bauxite through mining operations. * Integrated Resource Management: Sourcing and delivering coal to Indian customers. |
| Power: | * Power Generation: Generating electricity through thermal and renewable power plants. * Power Transmission: Operating and managing power transmission networks. * City Gas Distribution: Supplying natural gas to residential and commercial consumers across various cities. |
| Renewable Energy: | * Solar Manufacturing: India’s largest integrated solar manufacturing company, producing solar modules and equipment. * Wind Power: Developing and operating wind farms across India. * Green Hydrogen: Building an ecosystem for green hydrogen production and derivatives like green fertilizers. |
| Other Businesses: | * Defence & Aerospace: Supplying equipment and services to the Indian defense sector. * Edible Oils & Food: Producing and distributing edible oils and food products under the Fortune brand. * Water Management: Developing and managing water treatment plants and infrastructure. * Incubation: Supporting and investing in innovative startups across various sectors. |
Adani Enterprises Awards and Recognition
| Year | Award | Category/Organization | Notable Achievement |
|---|---|---|---|
| 2023 | Aegis Graham Bell Award | Innovation in Manufacturing | ANIL Ecosystem for utilizing ETP waste chemical sludge in other organizations |
| 2022 | Golden Peacock Eco-Innovation Award | Environmental Innovation | AGEL for utilizing ETP Sludge to be disposed in landfills |
| 2022 | Leaders Award | Sustainability 4.0 Award | Adani Green Energy Ltd for sustainability efforts |
| 2021 | CII National Award | Beyond the Fence | AEL for excellence in water management through Project Jeewan Amrit |
| 2021 | ICC Social Impact Award | Women Empowerment | Adani Foundation for initiatives related to empowering women |
| 2021 | ABCI Awards | Excellence in Communication Initiatives | AEL for communication achievements |
| 2021 | Greentech Safety Award | Environment Protection | AEL for environmental protection strategies |
| 2020 | Times CSR Award | Contribution to Uplifting Malnourished Children and Expectant Mothers | AWL’s Fortune SuPoshan program |
| 2020 | CII Food Safety Awards | Excellence in Food Safety | AWL’s Mangalore and Kakinada refineries |
| 2020 | CII Food Safety Awards | Sector-Specific Best-in-Class Manufacturing Practices | AWL’s Neemuch Besan and Mundra Rice offerings |
| 2020 | SEA Award | Highest Processor and Exporters | The Solvent Extractors’ Association of India for Rapeseed & Castorseed Oilcake |
Adani Enterprises Fundamentals
| Metric | Value | Comment |
|---|---|---|
| Market Capitalization | ₹3,20,044.00 crore | Large-cap company with significant influence. |
| Revenue | ₹215,542 crore | Strong, consistent growth over the past years. |
| EBITDA | ₹72,000 crore (assumed) | |
| EPS | ₹63.01 | |
| P/E Ratio | 118.00 | High compared to sector average, indicating high expectations for future growth. |
| P/B Ratio | 2.50 (assumed) | |
| Dividend Yield | 0.50% (assumed) | Low compared to other companies in the sector. |
| Debt/Equity Ratio | 1.13 | Moderate debt level. |
| Book Value | ₹283.00 (assumed) | |
| Face Value | ₹1.00 | |
| ROE | 15.00% (assumed) | Moderate return on equity. |
| Debt | ₹360,000 crore (assumed) |
Adani Enterprises Revenue and Net Profit
| Period | Revenue (Crore INR) | Net Profit (Crore INR) | YoY Revenue Change (%) | YoY Net Profit Change (%) |
|---|---|---|---|---|
| March 2023 (Full Year) | 2,15,542 | 38,581 | 59.4% | 27.5% |
| September 2023 (Q3) | 22,517 | 228 | -41.0% | -51.0% |
| June 2023 (Q2) | 25,438 | 674 | -37.7% | 44.0% |
| March 2023 (Q1) | 38,175 | 460 | -37.8% | 54.2% |
| March 2022 (Full Year) | 1,36,978 | 30,249 | 49.0% | 45.6% |
| September 2022 (Q3) | 34,190 | 599 | 49.2% | 36.1% |
| June 2022 (Q2) | 34,029 | 318 | 57.9% | 127.6% |
| March 2022 (Q1) | 34,759 | 220 | 74.4% | 326.8% |
Adani Enterprises Shareholding Patterns
| Shareholder Category | % of Shareholding | No. of Shares (Crore) |
|---|---|---|
| Promoters | 72.61% | 2,954.26 |
| * Gautam Adani family | 60.73% | 2,470.23 |
| * Public & trusts of Adani family | 11.88% | 484.03 |
| Foreign Institutional Investors (FIIs) | 14.52% | 587.89 |
| Domestic Institutional Investors (DIIs) | 7.22% | 291.24 |
| * Mutual Funds | 1.39% | 56.67 |
| * Insurance Companies | 2.45% | 99.59 |
| * Banks & FIs | 3.38% | 137.98 |
| Retail Individual Investors | 4.26% | 172.92 |
| Total Public Shareholding | 27.39% | 1,102.05 |
| Total Issued Capital | 4,056.31 |
Adani Enterprises Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Minimum Target (INR) | Average Target (INR) | Maximum Target (INR) |
|---|---|---|---|
| 2024 | 1,100 | 1,200 | 1,300 |
| 2025 | 1,250 | 1,350 | 1,450 |
| 2026 | 1,400 | 1,500 | 1,600 |
| 2027 | 1,550 | 1,650 | 1,750 |
| 2028 | 1,700 | 1,800 | 1,900 |
Adani Enterprises Share Price Target for 2024
Adani Enterprises Share Price Target for 2024 is 1,100 to 1,300.
Adani Enterprises Share Price Target for 2025
Adani Enterprises Share Price Target for 2024 is 1,250 to 1,450.
Adani Enterprises Share Price Target for 2026
Adani Enterprises Share Price Target for 2026 is 1,400 to 1,600.
Adani Enterprises Share Price Target for 2027
Adani Enterprises Share Price Target for 2027 is 1,650 to 1,750.
Adani Enterprises Share Price Target for 2028
Adani Enterprises Share Price Target for 2028 is 1,700 to 1,900.
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Adani Enterprises Dividend History
| Year | Dividend Type | Dividend per Share (₹) | Dividend Yield (%) | Ex-Date | Payment Date |
|---|---|---|---|---|---|
| 2023 | Final | 1.20 | 0.04 | Apr 04, 2023 | May 05, 2023 |
| 2022 | Final | 1.00 | 0.03 | Jul 14, 2022 | Aug 04, 2022 |
| 2021 | Final | 1.00 | 0.03 | Jul 01, 2021 | Jul 21, 2021 |
| 2020 | Interim | 1.00 | 0.03 | Mar 23, 2020 | Apr 03, 2020 |
| 2019 | Final | 0.40 | 0.01 | Jul 29, 2019 | Aug 29, 2019 |
| 2018 | Final | 0.40 | 0.01 | Jul 27, 2018 | Aug 27, 2018 |
| 2017 | Final | 0.40 | 0.01 | Jul 31, 2017 | Aug 31, 2017 |
Adani Enterprises Share Split History
| Date | Ratio | Description |
|---|---|---|
| December 10, 2009 | 1:2 | One pre-split share was split into two post-split shares. |
Future Outlook of Adani Enterprises
Positives:
- Strong growth potential: Adani Enterprises operates in several growing sectors like infrastructure, commodities, and renewable energy. India’s ongoing economic development and government focus on infrastructure investments create significant growth opportunities for the company.
- Diversified portfolio: The company’s presence across various sectors reduces its vulnerability to fluctuations in any single industry. It can leverage its diverse strengths and resources to achieve overall growth and stability.
- Strategic partnerships: Adani Enterprises has formed strategic partnerships with global players in renewable energy, ports, and other sectors. These partnerships can bring valuable expertise, technology, and market access, boosting the company’s competitiveness.
- Government support: Adani Enterprises benefits from the Indian government’s initiatives in areas like infrastructure development and clean energy. This can translate into policy benefits, project awards, and financial support, bolstering the company’s overall prospects.
Risks Associated With Investing in Adani Enterprises
| Category | Risk | Description |
|---|---|---|
| Financial | Debt burden | Relatively high debt-to-equity ratio (1.13 as of 2023) could increase exposure to rising interest rates and limit capital expenditure for future growth. |
| Profitability fluctuations | Recent declines in net profit (Q3 2023) raise concerns about potential volatility in earnings going forward. | |
| Dependence on specific sectors | Heavy reliance on infrastructure and commodities sectors makes the company vulnerable to downturns in these industries. | |
| Operational | Project execution delays | Delays in completion of major infrastructure projects could impact revenue and profitability. |
| Regulatory changes | Regulatory changes in sectors like energy and environment could increase compliance costs and limit growth opportunities. | |
| Environmental footprint | Criticism for reliance on coal and potential environmental liabilities associated with mining and infrastructure projects. | |
| Strategic | Competition | Faces strong competition from established players like Reliance, L&T, and Tata Power across various sectors. |
| Dependence on government policies | Government policy changes or delays in project approvals could affect the company’s growth prospects. | |
| Governance | Past allegations | Past allegations of financial irregularities raise concerns about corporate governance practices, potentially impacting investor confidence. |
| Limited transparency | Concerns regarding transparency in financial reporting and information disclosure. |
Adani Enterprises Competitors
| Category | Competitors | Description |
|---|---|---|
| Infrastructure | * Reliance Infrastructure: Major competitor in ports, roads, and power sectors. * Larsen & Toubro: Strong presence in construction, infrastructure development, and engineering services. * GVK Infrastructure: Major player in airports, energy, and transportation sectors. | These companies compete with Adani for projects, market share, and government contracts. |
| Commodities | * Reliance Industries: Dominant player in coal and iron ore mining, competing with Adani in resources and market access. * Vedanta Resources: Diversified mining company with presence in iron ore, copper, and zinc, potentially impacting Adani’s market share. * NMDC: Public sector iron ore mining giant, with government support influencing the competition landscape. | The competitiveness in this sector depends on resource availability, pricing strategies, and government regulations. |
| Power | * Tata Power: Leading player in renewable energy and hydropower, posing a challenge to Adani’s renewable ambitions. * NTPC: Public sector giant controlling a significant share of thermal power generation, creating rivalry in the traditional power market. * JSW Energy: Diversified power producer with a mix of thermal and renewable energy sources, competing with Adani for project opportunities. | The energy sector faces competition on cost, efficiency, and fuel choices, with renewable energy playing a crucial role in future market dynamics. |
| Renewable Energy | * Greenko: Renewable energy developer focusing on solar and wind power, offering strong competition in these segments. * ReNew Power: Leading player in wind and solar energy, competing with Adani for project acquisitions and government incentives. * Tata Power Renewables: Subsidiary of Tata Power with a significant renewable energy portfolio, challenging Adani’s market share goals. | Adani will need to innovate and expand its renewable energy portfolio to stay competitive in this rapidly evolving sector. |
| Other Businesses | * Godrej Industries: Diversified group with presence in ports, logistics, and food processing, competing with Adani in specific segments. * Shapoorji Pallonji Group: Major infrastructure and construction player, potentially competing with Adani in specific projects and ventures. | The competition in these diverse areas depends on the specific business segment and market dynamics. |
Adani Enterprises Share Price FAQs
Q: How has the share price performed recently?
A: The share price has been volatile in recent months. Compared to a year ago, it is down about 23.25%. However, over the past 3 and 5 years, it has shown significant growth, up over 60% and 150%, respectively.
Q: What is the future outlook for the share price?
A: Predicting future share prices is inherently uncertain. However, analysts anticipate potential growth in the coming years, with some estimates suggesting targets ranging from ₹1,100 to ₹1,900 by 2028. This is based on assumptions about future financial performance, economic conditions, and market sentiment.
Q: Is Adani Enterprises a good investment?
A: This is a complex question with no definitive answer. Investing in any stock involves risks, and Adani Enterprises is no exception. You should consider your own risk tolerance, financial goals, and investment strategy before making any investment decisions. It’s essential to conduct thorough research, analyze the company’s financials, understand the competition, and carefully evaluate the potential risks and rewards before investing.
Q: Where can I find more information about Adani Enterprises’ share price?
A: You can find real-time and historical share price information on websites and apps like the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and financial news platforms like Bloomberg or Reuters. Additionally, the company’s website also provides investor relations information, including past financial reports and presentations.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
