Cash flow Adani Enterprises Limited

Equities

ADANIENT

INE423A01024

Diversified Industrial Goods Wholesale

Market Closed - Bombay S.E. Other stock markets 05:22:15 2025-01-24 am EST			5-day change	1st Jan Change
2,318.00 ^INR	-2.96%		-3.31%	-8.35%

Jan. 24	Sri Lanka revokes power purchase deal with Adani Group, AFP reports	RE
Jan. 16	Hindenburg Research, the terror of the markets, announces its dissolution

e95acfb0cc0bf839c9833.9Bec_5IC1p2bZPFj4Gal_01CR2-mhO9QAWizjwaUy0M.q1_2hv9jo-usNKAMtCXJtzkTNw7i0aogWDDp2kfNszGbQ_2L0DqTrvlToA

Published financial data: ADANI ENTERPRISES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	434B	395B	694B	1,370B	964B
Total Revenues	434B	395B	694B	1,370B	964B
Cost of Goods Sold, Total	347B	302B	537B	1,029B	504B
Gross Profit	87.42B	92.89B	157B	341B	460B
Selling General & Admin Expenses, Total	64.58B	67.84B	120B	252B	347B
Exploration / Drilling Costs, Total	-	-	-	-	-
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	4.72B	5.37B	12.48B	24.36B	30.42B
Other Operating Expenses	-396M	-140M	-309M	-405M	-437M
Other Operating Expenses, Total	68.9B	73.07B	132B	276B	377B
Operating Income	18.52B	19.82B	24.96B	64.32B	83.78B
Interest Expense, Total	-13.54B	-11.84B	-20.35B	-35.4B	-41.87B
Interest And Investment Income	5.24B	4.32B	7.7B	8.38B	10.58B
Net Interest Expenses	-8.3B	-7.52B	-12.65B	-27.01B	-31.29B
Income (Loss) On Equity Invest.	2.42B	2.99B	3.12B	2.13B	406M
Currency Exchange Gains (Loss)	159M	2.83B	-	-	-
Other Non Operating Income (Expenses)	-2.02B	-1.84B	-3.26B	-1.43B	448M
EBT, Excl. Unusual Items	10.78B	16.28B	12.17B	38.01B	53.35B
Restructuring Charges	-	-	-	-32.5M	-
Gain (Loss) On Sale Of Investments	118M	18.3M	19.1M	106M	1.11B
Gain (Loss) On Sale Of Assets	526M	33.3M	15.7M	19.7M	1.88B
Asset Writedown	-1.3B	-794M	-	-	-
Legal Settlements	3.28B	-	-	-	-
Other Unusual Items	232M	-1.68B	441M	-3.47B	-6.68B
EBT, Incl. Unusual Items	13.64B	13.85B	12.64B	34.63B	49.66B
Income Tax Expense	3.24B	3.4B	4.77B	10.41B	16.32B
Earnings From Continuing Operations	10.4B	10.46B	7.88B	24.22B	33.34B
Earnings Of Discontinued Operations	-	-	-	-	12.3M
Net Income to Company	10.4B	10.46B	7.88B	24.22B	33.35B
Minority Interest	982M	-1.23B	-111M	513M	-945M
Net Income - (IS)	11.38B	9.23B	7.77B	24.73B	32.41B
Preferred Dividend and Other Adjustments	-	-	-	-	1.35B
Net Income to Common Incl Extra Items	11.38B	9.23B	7.77B	24.73B	31.05B
Net Income to Common Excl. Extra Items	11.38B	9.23B	7.77B	24.73B	31.04B
Per Share Items
Net EPS - Basic	10.35	8.39	7.06	21.78	27.24
Basic EPS - Continuing Operations	10.35	8.39	7.06	21.78	27.23
Basic Weighted Average Shares Outstanding	1.1B	1.1B	1.1B	1.14B	1.14B
Net EPS - Diluted	10.35	8.39	7.06	21.78	27.24
Diluted EPS - Continuing Operations	10.35	8.39	7.06	21.78	27.23
Diluted Weighted Average Shares Outstanding	1.1B	1.1B	1.1B	1.14B	1.14B
Normalized Basic EPS	7.02	8.13	6.81	21.37	28.42
Normalized Diluted EPS	7.02	8.13	6.81	21.37	28.42
Dividend Per Share	1	1	1	1.2	1.3
Payout Ratio	13.53	-	15.72	4.8	4.22
Supplemental Items
EBITDA	22.75B	24.72B	36.88B	84.84B	109B
EBITA	19.05B	20.64B	26.95B	67.13B	87.11B
EBIT	18.52B	19.82B	24.96B	64.32B	83.78B
EBITDAR	-	24.85B	37.44B	85.42B	109B
Total Revenues (As Reported)	441B	403B	704B	1,382B	983B
Effective Tax Rate - (Ratio)	23.77	24.52	37.7	30.06	32.86
Total Current Taxes	2.41B	1.24B	3.91B	7.7B	16.06B
Total Deferred Taxes	830M	2.17B	853M	2.71B	250M
Normalized Net Income	7.72B	8.94B	7.49B	24.27B	32.4B
Interest on Long-Term Debt	337M	312M	303M	8.39B	11.64B
Non-Cash Pension Expense	4.1M	8.5M	26.1M	54.9M	80.1M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	-	126M	567M	576M	304M
Imputed Operating Lease Interest Expense	-	82.48M	315M	344M	172M
Imputed Operating Lease Depreciation	-	44.02M	252M	232M	132M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	21.25B	6.66B	9.12B	18.82B	23.07B
Short Term Investments	9.63B	7.67B	7.56B	6.26B	6.2B
Trading Asset Securities, Total	540M	285M	620M	1.65B	14.54B
Total Cash And Short Term Investments	31.41B	14.61B	17.3B	26.73B	43.81B
Accounts Receivable, Total	135B	124B	143B	133B	106B
Other Receivables	5.85B	6.12B	5.49B	13.6B	11.54B
Notes Receivable	19.6B	14.13B	14.53B	45.23B	13.83B
Total Receivables	161B	145B	163B	192B	131B
Inventory	25.62B	17.57B	67.88B	69.18B	94.87B
Prepaid Expenses	1.42B	1.04B	2.95B	4.37B	3.24B
Other Current Assets, Total	22.45B	21.77B	58.27B	78.94B	95.52B
Total Current Assets	242B	200B	309B	371B	369B
Gross Property Plant And Equipment	154B	163B	434B	722B	881B
Accumulated Depreciation	-17.55B	-19.24B	-30.8B	-47.13B	-74.71B
Net Property Plant And Equipment	137B	143B	403B	675B	806B
Long-term Investments	19.16B	64.84B	58.56B	100B	123B
Goodwill	1.39B	1.52B	3.01B	8.87B	10.4B
Other Intangibles, Total	39.74B	51.46B	130B	125B	192B
Accounts Receivable Long-Term	90.1M	-	-	-	4.36B
Loans Receivable Long-Term	9.46B	31.99B	62.37B	45.77B	23B
Deferred Tax Assets Long-Term	2.73B	765M	1.74B	2.09B	1.46B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	17.8B	22.89B	49.28B	87.14B	77.57B
Total Assets	469B	516B	1,018B	1,415B	1,607B
Liabilities
Accounts Payable, Total	118B	118B	176B	285B	247B
Accrued Expenses, Total	2.73B	4.35B	5.96B	10.05B	18.84B
Short-term Borrowings	81.37B	57.7B	194B	42.42B	48.97B
Current Portion of Long-Term Debt	7.67B	7.08B	8.48B	14.88B	15.08B
Current Portion of Leases	187M	125M	636M	12.96B	12.67B
Current Income Taxes Payable	495M	243M	1.68B	1.01B	1.53B
Unearned Revenue Current, Total	17.36B	13.76B	20.56B	27.69B	52.3B
Other Current Liabilities	4.94B	14.01B	30.98B	53.55B	50.43B
Total Current Liabilities	233B	215B	438B	448B	447B
Long-Term Debt	35.16B	95.23B	216B	326B	437B
Long-Term Leases	4.32B	1.63B	5.17B	136B	139B
Unearned Revenue Non Current	5.76B	2.7B	33.85B	47.63B	58.61B
Pension & Other Post Retirement Benefits	314M	413M	858M	1.27B	1.59B
Deferred Tax Liability Non Current	233M	261M	26.06B	29.8B	29.34B
Other Non Current Liabilities	8.2B	12.26B	28.32B	47.51B	53.02B
Total Liabilities	287B	327B	748B	1,036B	1,165B
Common Stock, Total	1.1B	1.1B	1.1B	1.14B	1.14B
Additional Paid In Capital	9.83B	9.83B	25.18B	102B	102B
Retained Earnings	122B	131B	137B	161B	191B
Comprehensive Income and Other	36.25B	29.17B	59.16B	66.47B	96.29B
Total Common Equity	169B	172B	223B	331B	391B
Minority Interest	12.63B	17.51B	46.72B	48.39B	51.1B
Total Equity	182B	189B	269B	379B	442B
Total Liabilities And Equity	469B	516B	1,018B	1,415B	1,607B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.1B	1.1B	1.1B	1.14B	1.14B
ECS Total Common Shares Outstanding	1.1B	1.1B	1.1B	1.14B	1.14B
Book Value / Share	154.09	156.01	196.55	289.92	319.75
Tangible Book Value	128B	119B	89.75B	197B	188B
Tangible Book Value Per Share	116.68	107.84	75.78	172.82	141.8
Total Debt	129B	162B	424B	532B	653B
Net Debt	97.29B	147B	406B	505B	609B
Debt Equivalent of Unfunded Proj. Benefit Obligation	326M	438M	972M	1.43B	1.81B
Debt Equivalent Oper. Leases	-	1.01B	4.54B	4.61B	2.43B
Minority Interest, Total (Incl. Fin. Div)	12.63B	17.51B	46.72B	48.39B	51.1B
Equity Method Investments, Total	16.93B	36.7B	42.29B	59.75B	70.75B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	964M	1.46B	2.4B	1.11B	13.43B
Inventories - Work In Process, Total	2.38B	2.96B	5.01B	4.69B	18.67B
Inventories - Finished Goods, Total	21.4B	12.34B	58.48B	62.07B	59.26B
Inventories - Others	882M	818M	1.99B	1.31B	3.51B
Land - (BS)	4.59B	5.25B	5.56B	6.84B	4.58B
Buildings, Total	10.34B	11.91B	115B	139B	45.87B
Machinery, Total	58.28B	51.67B	76.65B	117B	183B
Full Time Employees	2.04K	790	5.05K	6.65K	8.68K
Assets on Operating Lease - Gross	534M	528M	601M	601M	3.83B
Assets on Operating Lease - Accumulated Depreciation	-61.9M	-79M	-102M	-131M	-324M
Accumulated Allowance for Doubtful Accounts (Supple)	1.38B	738M	849M	1.13B	926M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	11.38B	9.23B	7.77B	24.73B	32.41B
Depreciation & Amortization - CF	4.1B	4.46B	10.36B	21.38B	26.57B
Amortization of Goodwill and Intangible Assets - (CF)	531M	825M	1.99B	2.81B	3.33B
Depreciation & Amortization, Total	4.63B	5.29B	12.35B	24.19B	29.9B
Amortization of Deferred Charges, Total - (CF)	86.6M	83.8M	124M	168M	526M
(Gain) Loss From Sale Of Asset	-425M	-27.3M	-11.7M	-63.2M	-1.98B
(Gain) Loss on Sale of Investments - (CF)	-118M	-18.3M	-19.1M	-106M	-1.11B
Asset Writedown & Restructuring Costs	1.3B	794M	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-1.7M	-1.7M	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	1.31B	491M	190M	1.18B	1.96B
Net Cash From Discontinued Operations	-	-	-	-	-465M
Other Operating Activities, Total	10.98B	6.6B	18.77B	32.71B	41.69B
Change In Accounts Receivable	4.55B	-2.48B	-29.39B	-20.64B	13.2B
Change In Inventories	1.73B	3.43B	-50.24B	-1.3B	-25.69B
Change In Accounts Payable	-8.7B	20.35B	71.88B	128B	-28.46B
Change in Other Net Operating Assets	-2.19B	-2.8B	-17.57B	-12.67B	40.66B
Cash from Operations	24.54B	40.94B	13.85B	176B	103B
Capital Expenditure	-29.01B	-41.39B	-116B	-147B	-224B
Sale of Property, Plant, and Equipment	1.8B	7.8B	18.7M	699M	1.2B
Cash Acquisitions	-	-	-14.84B	-9.14B	-132M
Divestitures	-	-	-	277M	1.59B
Investment in Marketable and Equity Securities, Total	-7.74B	-31.58B	-21.01B	-15.25B	-35.36B
Net (Increase) Decrease in Loans Originated / Sold - Investing	7.13B	-17.07B	-30.77B	-4.02B	54.17B
Other Investing Activities, Total	4.59B	3.22B	8.21B	6.08B	11.37B
Cash from Investing	-23.23B	-79.02B	-175B	-169B	-191B
Short Term Debt Issued, Total	11.61B	-	54.96B	-	6.53B
Long-Term Debt Issued, Total	32.74B	75.2B	129B	303B	219B
Total Debt Issued	44.35B	75.2B	184B	303B	225B
Short Term Debt Repaid, Total	-	-13.37B	-	-151B	-
Long-Term Debt Repaid, Total	-32.96B	-17.78B	-3.77B	-200B	-122B
Total Debt Repaid	-32.96B	-31.15B	-3.77B	-351B	-122B
Issuance of Common Stock	-	-	5.1B	77B	26.24B
Repurchase of Common Stock	-	-	-	-6.4B	-
Common Dividends Paid	-1.54B	-	-1.22B	-1.19B	-1.37B
Common & Preferred Stock Dividends Paid	-1.54B	-	-1.22B	-1.19B	-1.37B
Other Financing Activities, Total	-12.06B	-13.47B	-24.73B	-33.29B	-39.17B
Cash from Financing	-2.21B	30.59B	159B	-11.98B	88.79B
Foreign Exchange Rate Adjustments	12.41B	-7.08B	4.47B	14.01B	3.64B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	11.51B	-14.59B	2.46B	9.7B	4.24B
Supplemental Items
Cash Interest Paid	15.32B	12.12B	26.01B	33.42B	40.55B
Cash Income Tax Paid (Refund)	2.99B	1.12B	2.05B	9.1B	17.08B
Levered Free Cash Flow	-13.48B	627M	-122B	-15.02B	-155B
Unlevered Free Cash Flow	-5.01B	8.02B	-109B	7.1B	-129B
Change In Net Working Capital	-7.7B	-31.66B	20.9B	-89.78B	-11.72B
Net Debt Issued / Repaid	11.4B	44.05B	180B	-48.1B	103B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.59	2.51	2.03	3.31	3.47
Return on Total Capital	4	3.74	2.99	5.04	5.22
Return On Equity %	6.24	5.63	3.44	7.47	8.12
Return on Common Equity	7.18	5.41	3.94	8.94	8.61
Margin Analysis
Gross Profit Margin %	20.14	23.5	22.62	24.87	47.74
SG&A Margin	14.88	17.16	17.27	18.42	35.94
EBITDA Margin %	5.24	6.25	5.31	6.19	11.26
EBITA Margin %	4.39	5.22	3.88	4.9	9.03
EBIT Margin %	4.27	5.01	3.6	4.7	8.69
Income From Continuing Operations Margin %	2.4	2.64	1.13	1.77	3.46
Net Income Margin %	2.62	2.33	1.12	1.81	3.36
Net Avail. For Common Margin %	2.62	2.33	1.12	1.81	3.22
Normalized Net Income Margin	1.78	2.26	1.08	1.77	3.36
Levered Free Cash Flow Margin	-3.11	0.16	-17.58	-1.1	-16.11
Unlevered Free Cash Flow Margin	-1.16	2.03	-15.74	0.52	-13.4
Asset Turnover