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Adani Enterprises

Company Background

Adani Enterprises, founded in 1988, is the flagship company of emerging Indian conglomerate Adani group. The group was built by Gautam Adani from India's western state of Gujarat. Today, the group is the country's top importer of coal and a leader in port development and electric power generation. Adani Enterprises presides over the group.

The group started out as an importer, growing sharply through its involvement with the development and management of Mundra port in Gujarat during the 1990s. Through running the port on its own, the amount of coal the group handled increased markedly. In 2008, the group acquired an interest in a coal mine in Indonesia and then another in Australia in 2011. At present, the group is expanding its power generation business through Adani Power, a subsidiary of Adani Enterprises, aggressively purchasing power stations in India.

Gautam Adani, the resourceful architect of the group, serves as Adani Enterprises chairman. Together with his family, he holds a stake of around 70% in the company. As Narendra Modi, former chief minister of Gujarat for over 10 years, has become India's prime minister, the Adani group is expected to grow further.

Business Summary

Adani Enterprises Ltd. engages in the business of coal and power trading. It operates through the following segments: Integrated Coal Management, Mining and Services, Solar Manufacturing, Shipping, Uncubating Business, and Others. The company was founded by Gautam Shantilal Adani in 1988 and is headquartered in Ahmedabad, India.

Financial Highlights

Mar 2019 INRUSD
Revenue403,213.80M5,764.91M
Gross Profit32,819.30M469.23M
Operating income19,848.30M283.77M
Income before tax3,679.40M52.60M
Net income6,263.60M89.55M
EBITDA23,746M339.50M
Diluted EPS6.520.09
Dividends Per Share0.400.00
Total Assets424,075.50M6,121.62M
Total liabilities267,422.80M3,860.30M
Total equity147,559.40M2,130.05M
Operating cash flow21,999M314.52M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 642,814M 339,294M 365,271M 358,234.40M 403,213.80M
Gross Profit 124,226.60M 29,244.50M 27,386.50M 23,226.60M 32,819.30M
Operating income 92,603.30M 15,849.10M 17,127.40M 13,774.10M 19,848.30M
Income before tax 26,633.20M 10,557.80M 11,176.70M 4,392.20M 3,679.40M
Net income 19,480.50M 10,107.20M 10,265.40M 7,096.40M 6,263.60M
EBITDA 127,821.90M 18,993.60M 20,282M 20,413.30M 23,746M
Diluted EPS 17.71 9.19 8.98 6.88 6.52
Dividends Per Share 1.40 0.40 0.40 0.40 0.40
Total Assets 1,308.58B 417,560.90M 476,894M 564,947.10M 424,075.50M
Total liabilities 1,010.28B 282,814.40M 329,088.60M 402,107.30M 267,422.80M
Total equity 257,084.80M 133,776.10M 141,359.70M 150,891.70M 147,559.40M
Operating cash flow 13,895.40M 45,499.40M -1,517.10M 17,677.80M 21,999M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 10,513.21M 5,182.36M 5,447.16M 5,556.94M 5,764.91M
Gross Profit 2,031.72M 446.67M 408.40M 360.29M 469.23M
Operating income 1,514.52M 242.07M 255.41M 213.66M 283.77M
Income before tax 435.58M 161.25M 166.67M 68.13M 52.60M
Net income 318.60M 154.37M 153.08M 110.07M 89.55M
EBITDA 2,090.52M 290.10M 302.45M 316.65M 339.50M
Diluted EPS 0.28 0.14 0.13 0.10 0.09
Dividends Per Share 0.02 0.00 0.00 0.00 0.00
Total Assets 20,910.18M 6,305.42M 7,344.17M 8,661.95M 6,121.62M
Total liabilities 16,143.63M 4,270.66M 5,067.96M 6,165.23M 3,860.30M
Total equity 4,108.01M 2,020.10M 2,176.94M 2,313.52M 2,130.05M
Operating cash flow 227.25M 694.95M -22.62M 274.21M 314.52M

Valuation Measures

Mar 2019
PER22.59
ROA1.26%
ROE4.19%
Operating margin4.92%
Profit margin1.55%

Key executives

  • Executive Director & Managing Director: Rajesh Shantilal Adani
  • Chief Financial Officer: Jugeshinder Singh
  • Secretary & Joint President-Legal: Jatin R. Jalundhwala
  • Executive Director: Vinay Prakash
  • Head-Human Resources: Vikas Joshi

Shareholders

  • ADANI SB FAMILY (56.4%)
  • Parsa Kente Rail Infra Pvt Ltd. (9.0%)
  • Elara Capital Plc (Investment Management) (6.1%)
  • HSZ (Hong Kong) Ltd. (4.3%)
  • M.M. Warburg Bank (Schweiz) AG (4.0%)
  • Afro Asia Trade & Investments Ltd. (2.7%)
  • Universal Trade & Investments Ltd. (2.7%)
  • Worldwide Emerging Market Holding Ltd. (2.7%)
  • The Vanguard Group, Inc. (0.8%)
  • ADANI GAUTAMBHAI SHANTILAL FAMILY (0.8%)

Contact Details

Related Companies

  • Galilee Biodiversity Co. Pty Ltd.
  • Gare Pelma III Collieries Ltd.
  • Adani Transport Ltd.
  • Adani Shipping (India) Pvt Ltd.
  • Adani Water Ltd.
  • Mahaguj Power LLP
  • Adani Tradecom LLP
  • Mundra Copper Ltd.
  • Adani Infrastructure Pty Ltd.
  • Chendipada Collieries Pvt Ltd.
  • Adani Tradewing LLP
  • Gidhmuri Paturia Collieries Pvt Ltd.
  • Galilee Transmission Pty Ltd.
  • Prayagraj Water Pvt Ltd.
  • Kutchh Power Generation Ltd.
  • Adani Enterprises Ltd. /3 Sub/
  • Adani Enterprises Ltd. /Subsidiaries 4/
  • Adani Agri Logistics (Samastipur) Ltd.
  • Adani Agri Logistics (Darbhanga) Ltd.
  • Adani Agri Logistics (Dahod) Ltd.
  • Adani Defence Systems & Technologies Ltd.
  • Bailadila Iron Ore Mining Pvt Ltd.
  • Adani Resources Pvt Ltd.
  • Rajasthan Collieries Ltd.
  • Adani Cementation Ltd.
  • Bilaspur Pathrapali Road Pvt Ltd.
  • Adani Pharmachem Pvt Ltd.
  • Talabira (Odisha) Mining Pvt Ltd.
  • Natural Growers Pvt Ltd.
  • Adani Global Limited

Competitors

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