Financials Adani Enterprises Limited

Equities

ADANIENT

INE423A01024

Diversified Industrial Goods Wholesale

Market Closed - Bombay S.E. 06:15:05 2024-04-26 am EDT 5-day change 1st Jan Change
3,080 INR -1.17% Intraday chart for Adani Enterprises Limited +1.79% +8.10%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 162,057 151,279 1,133,739 2,216,887 1,995,002 3,511,089 - -
Enterprise Value (EV) 1 162,057 151,279 1,133,739 2,216,887 1,995,002 4,009,859 4,366,078 4,706,294
P/E ratio 22.6 x 13.3 x 123 x 286 x 80.3 x 91 x 56.9 x 37.3 x
Yield - - - - - - - -
Capitalization / Revenue 0.4 x 0.35 x 2.87 x 3.19 x 1.46 x 3.37 x 2.72 x 2.28 x
EV / Revenue 0.4 x 0.35 x 2.87 x 3.19 x 1.46 x 3.85 x 3.39 x 3.06 x
EV / EBITDA 8.23 x 6.62 x 45.3 x 59.7 x 22.6 x 30.6 x 24.4 x 18.7 x
EV / FCF 10.4 x -33.8 x -2,494 x -21.6 x 68.8 x 157 x 54.3 x 27.3 x
FCF Yield 9.59% -2.96% -0.04% -4.63% 1.45% 0.64% 1.84% 3.66%
Price to Book - 0.89 x - - - - - -
Nbr of stocks (in thousands) 1,099,810 1,099,810 1,099,810 1,099,810 1,140,001 1,140,001 - -
Reference price 2 147.4 137.6 1,031 2,016 1,750 3,080 3,080 3,080
Announcement Date 5/29/19 5/6/20 5/5/21 5/3/22 5/4/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 403,787 434,026 395,371 694,202 1,369,778 1,040,684 1,289,571 1,537,113
EBITDA 1 19,688 22,843 25,050 37,130 88,280 130,948 179,210 252,104
EBIT 1 - - - - - 78,108 115,558 174,879
Operating Margin - - - - - 7.51% 8.96% 11.38%
Earnings before Tax (EBT) 1 3,679 11,233 10,860 9,520 32,499 57,285 87,822 134,581
Net income 1 7,171 11,382 9,226 7,766 24,729 39,781 63,608 97,671
Net margin 1.78% 2.62% 2.33% 1.12% 1.81% 3.82% 4.93% 6.35%
EPS 2 6.520 10.35 8.390 7.060 21.78 33.84 54.16 82.58
Free Cash Flow 1 15,544 -4,476 -454.5 -102,622 29,017 25,530 80,350 172,170
FCF margin 3.85% -1.03% -0.11% -14.78% 2.12% 2.45% 6.23% 11.2%
FCF Conversion (EBITDA) 78.95% - - - 32.87% 19.5% 44.84% 68.29%
FCF Conversion (Net income) 216.75% - - - 117.34% 64.18% 126.32% 176.28%
Dividend per Share - - - - - - - -
Announcement Date 5/29/19 5/6/20 5/5/21 5/3/22 5/4/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 S1 2025 S2 2026 S1
Net sales 1 116,204 135,251 125,788 132,180 187,579 248,655 408,442 381,752 266,122 313,460 - 239,250 284,972 - 290,230 - - -
EBITDA 1 7,720 9,037 7,964 8,826 7,717 12,620 17,424 18,694 16,292 35,871 - 26,730 38,340 - 41,300 - - -
EBIT 1 - - - - - - - - - - - 5,870 15,450 - 21,050 - - -
Operating Margin - - - - - - - - - - - 2.45% 5.42% - 7.25% - - -
Earnings before Tax (EBT) 1 - - - - - - - - - - - 5,870 15,450 - 21,050 - - -
Net income 1 - - - - - - 4,695 4,609 8,201 7,225 9,018 3,700 9,730 - 14,910 - - -
Net margin - - - - - - 1.15% 1.21% 3.08% 2.3% - 1.55% 3.41% - 5.14% - - -
EPS 2 - - - - - - - - - - 7.910 3.070 8.110 - 12.42 - - -
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 2/3/21 5/5/21 8/3/21 10/27/21 2/14/22 5/3/22 8/4/22 11/3/22 2/14/23 5/4/23 11/2/23 - - - - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 498,770 854,989 1,195,205
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 3.809 x 4.771 x 4.741 x
Free Cash Flow 1 15,544 -4,476 -455 -102,622 29,017 25,530 80,350 172,170
ROE (net income / shareholders' equity) 4.84% 6.29% 6.45% 3.94% 8.94% 11.5% 13.2% 14.7%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - 154.0 - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 - - - 116,475 147,247 233,710 294,735 329,180
Capex / Sales - - - 16.78% 10.75% 22.46% 22.86% 21.42%
Announcement Date 5/29/19 5/6/20 5/5/21 5/3/22 5/4/23 - - -
1INR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
3,080 INR
Average target price
4,244 INR
Spread / Average Target
+37.80%
Consensus
  1. Stock Market
  2. Equities
  3. ADANIENT Stock
  4. Financials Adani Enterprises Limited