ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Distribution Services

Adani Enterprises Ltd.

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. is engaged 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 Gautambhai Shantilal Adani in 1988 and is headquartered in Ahmedabad, India.

Financial Highlights

Mar 2022 INRUSD
Revenue693,829.50M9,311.94M
Gross Profit49,605.70M665.76M
Operating income27,316M366.61M
Income before tax9,518.80M127.75M
Net income7,765.60M104.22M
EBITDA39,793.80M534.07M
Diluted EPS7.060.09
Dividends Per Share10.01
Total Assets1,017.60B13,429.25M
Total liabilities719,924.10M9,500.81M
Total equity222,565.10M2,937.18M
Operating cash flow-3,945.60M-52.95M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 358,234.40M 403,213.80M 433,473M 394,911.70M 693,829.50M
Gross Profit 23,226.60M 32,719.40M 42,356.80M 34,089.70M 49,605.70M
Operating income 13,774.10M 19,848.30M 21,652.80M 20,026.60M 27,316M
Income before tax 4,392.20M 3,679.10M 11,223.30M 10,858M 9,518.80M
Net income 7,096.40M 6,263.60M 11,381.70M 9,226.40M 7,765.60M
EBITDA 20,413.30M 23,746M 26,373.40M 25,398M 39,793.80M
Diluted EPS 6.88 6.52 10.34 8.38 7.06
Dividends Per Share 0.40 0.40 1 1 1
Total Assets 564,947.10M 425,361.80M 468,983.60M 516,428.60M 1,017.60B
Total liabilities 402,107.30M 268,709.10M 281,998.40M 324,631.30M 719,924.10M
Total equity 150,891.70M 147,559.40M 169,465.70M 171,585.70M 222,565.10M
Operating cash flow 17,677.80M 21,999M 13,804.80M 32,038.30M -3,945.60M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 5,556.94M 5,764.91M 6,113.34M 5,319.74M 9,311.94M
Gross Profit 360.29M 467.80M 597.36M 459.21M 665.76M
Operating income 213.66M 283.77M 305.37M 269.77M 366.61M
Income before tax 68.13M 52.60M 158.28M 146.26M 127.75M
Net income 110.07M 89.55M 160.51M 124.28M 104.22M
EBITDA 316.65M 339.50M 371.94M 342.12M 534.07M
Diluted EPS 0.10 0.09 0.14 0.11 0.09
Dividends Per Share 0.00 0.00 0.01 0.01 0.01
Total Assets 8,661.95M 6,140.19M 6,199.28M 7,063.35M 13,429.25M
Total liabilities 6,165.23M 3,878.87M 3,727.61M 4,440.08M 9,500.81M
Total equity 2,313.52M 2,130.05M 2,240.09M 2,346.83M 2,937.18M
Operating cash flow 274.21M 314.52M 194.69M 431.57M -52.95M

Valuation Measures

Mar 2022
PER285.47
ROA1.01%
ROE3.94%
Operating margin3.93%
Profit margin1.11%

Key executives

  • Managing Director & Executive Director: Rajesh Shantilal Adani
  • Chief Financial Officer: Jugeshinder Singh
  • Secretary & Joint President-Legal: Jatin R. Jalundhwala
  • Investor Relations Contact: Vimal Dhami

Shareholders

  • ADANI SB FAMILY (54.4%)
  • Adani Tradeline Pvt Ltd (8.7%)
  • Elara Capital Plc (Investment Management) (6.0%)
  • HSZ (Hong Kong) Ltd. (4.5%)
  • M.M. Warburg Bank (Schweiz) AG (4.1%)
  • Flourishing Trade & Investment Ltd. (2.9%)
  • Afro Asia Trade & Investments Ltd. (2.6%)
  • Worldwide Emerging Market Holding Ltd. (2.6%)
  • ADANI GAUTAMBHAI SHANTILAL FAMILY (0.7%)
  • The Vanguard Group, Inc. (0.7%)

Contact Details

  • Website:http://www.adanienterprises.com
  • Address: Adani Corporate House, S. G. Highway, Near Vaishno Devi Circle, Ahmedabad, 382421, India
  • Phone: +91.79.26565555

Related Companies

  • Adani Road STPL Ltd.
  • Adani Cement Industries Ltd.
  • Adani Petrochemicals Ltd.
  • Alluvial Natural Resources Pvt Ltd.
  • AMG Media Networks Ltd.
  • Mundra Aluminium Ltd.
  • Mundra Windtech Ltd.
  • Bilaspur Patharpali Road Pvt Ltd.
  • Urja Maritme, Inc.
  • Aashna Maritme, Inc.
  • Aanya Maritme, Inc.
  • Kutch Copper Ltd.
  • Gare Palma II Collieries Pvt Ltd.
  • Adani Railways Transport Ltd.
  • Adani Iron Ore Mining Pvt Ltd.
  • Kurmitar Iron Ore Mining Pvt Ltd.
  • Adani Metro Transport Ltd.
  • Stratatech Mineral Resources Pvt Ltd.
  • Jaipur International Airport Ltd.
  • Adani Ahmedabad International Airport Ltd.
  • Adani Mangaluru International Airport Ltd.
  • TRV (Kerala) International Airport Ltd.
  • Guwahati International Airport Ltd.
  • Kurmitar Mining Pvt Ltd.
  • Adani Lucknow International Airport Ltd.
  • Adani Airport Holdings Ltd.
  • Gare Pelma II Mining Pvt Ltd.
  • Adani Road Transport Ltd.
  • Gare Pelma III Collieries Ltd.
  • Adani Transport Ltd.

Competitors

    Last Updated on 4 Oct, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more