Skip to main content
Swing Capital

Adani Enterprises Ltd

NSE: ADANIENT BSE: 512599Energy

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]

₹2,657
52W: ₹1753 — ₹2803
PE 144 · Book ₹486 · +447% vs book
Market Cap₹3,45,624 Cr
Stock P/E144Price to Earnings
ROCE7.6%Return on Capital
ROE5.35%Return on Equity
Div. Yield0.05%Face Value ₹1

Weaknesses

  • −Stock is trading at 5.51 times its book value
  • −The company has delivered a poor sales growth of 11.7% over past five years.
  • −Company has a low return on equity of 9.55% over last 3 years.
  • −Earnings include an other income of Rs.12,201 Cr.
  • −Dividend payout has been low at 3.06% of profits over last 3 years
  • −Debtor days have increased from 48.2 to 65.0 days.
  • −Working capital days have increased from 140 days to 268 days

Shareholding Pattern

Promoters74.67%
FIIs10.8%
DIIs6.7%
Public7.84%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.72%74.89%▲0.273.97%▼0.973.97%73.97%73.97%73.97%74.67%▲0.7
FIIs11.73%11.31%▼0.411.72%▲0.411.71%▼0.011.55%▼0.211.72%▲0.211.64%▼0.110.8%▼0.8
DIIs6.02%6.46%▲0.46.61%▲0.26.86%▲0.37.04%▲0.26.84%▼0.26.71%▼0.16.7%▼0.0
Public7.53%7.36%▼0.27.68%▲0.37.45%▼0.27.44%▼0.07.47%▲0.07.66%▲0.27.84%▲0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales7,9619,2107,8016,5876,1576,1655,8765,0665,3046,810
Expenses7,1718,2757,0905,8485,5325,6455,2964,4004,8306,635
Operating Profit789935711739625519579666474175
OPM %10%10%9%11%10%8%10%13%9%3%
Net Profit7187776026285354,2755044,2346,296344
EPS ₹5.636.084.724.924.1433.073.932.7648.72.66

AI Insights

Revenue Trend

Mar 2026 revenue at ₹23,056Cr, down 13.3% YoY. OPM at 8%.

Debt Position

Borrowings at ₹11,008Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹632Cr (22% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 6.7% (+1.24pp change). FIIs: 10.8% (-8.54pp change). Promoters hold 74.67%.

Margin & Efficiency

ROCE improving from 8% (Mar 2015) to 8% (Mar 2026). Working capital days: 268.

Valuation

PE 144x with 7.6% ROCE. Price is 447% above book value of ₹486. Dividend yield: 0.05%.

Recent Announcements