Adani Enterprises

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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	INR	USD
Revenue	403,213.80M	5,764.91M
Gross Profit	32,819.30M	469.23M
Operating income	19,848.30M	283.77M
Income before tax	3,679.40M	52.60M
Net income	6,263.60M	89.55M
EBITDA	23,746M	339.50M
Diluted EPS	6.52	0.09
Dividends Per Share	0.40	0.00
Total Assets	424,075.50M	6,121.62M
Total liabilities	267,422.80M	3,860.30M
Total equity	147,559.40M	2,130.05M
Operating cash flow	21,999M	314.52M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 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 2015	Mar 2016	Mar 2017	Mar 2018	Mar 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
PER	22.59
ROA	1.26%
ROE	4.19%
Operating margin	4.92%
Profit margin	1.55%

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

Website:http://www.adanienterprises.com
Address: Adani House, Near Mithakhali Circle Six Roads, Ahmedabad, 380009, India
Phone: +91.79.26565555

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Competitors

Last Updated on 5 Dec, 2019