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

Financial Highlights

Mar 2021 INRUSD
Revenue394,911.70M5,319.74M
Gross Profit34,089.70M459.21M
Operating income20,026.60M269.77M
Income before tax10,858M146.26M
Net income9,226.40M124.28M
EBITDA25,398M342.12M
Diluted EPS8.380.11
Dividends Per Share10.01
Total Assets516,428.60M7,063.35M
Total liabilities324,631.30M4,440.08M
Total equity171,585.70M2,346.83M
Operating cash flow32,038.30M431.57M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 365,271M 358,234.40M 403,213.80M 433,473M 394,911.70M
Gross Profit 27,386.50M 23,226.60M 32,719.40M 42,356.80M 34,089.70M
Operating income 17,127.40M 13,774.10M 19,848.30M 21,652.80M 20,026.60M
Income before tax 11,176.70M 4,392.20M 3,679.10M 11,223.30M 10,858M
Net income 10,265.40M 7,096.40M 6,263.60M 11,381.70M 9,226.40M
EBITDA 20,282M 20,413.30M 23,746M 26,373.40M 25,398M
Diluted EPS 8.98 6.88 6.52 10.34 8.38
Dividends Per Share 0.40 0.40 0.40 1 1
Total Assets 476,894M 564,947.10M 425,361.80M 468,983.60M 516,428.60M
Total liabilities 329,088.60M 402,107.30M 268,709.10M 281,998.40M 324,631.30M
Total equity 141,359.70M 150,891.70M 147,559.40M 169,465.70M 171,585.70M
Operating cash flow -1,517.10M 17,677.80M 21,999M 13,804.80M 32,038.30M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 5,447.16M 5,556.94M 5,764.91M 6,113.34M 5,319.74M
Gross Profit 408.40M 360.29M 467.80M 597.36M 459.21M
Operating income 255.41M 213.66M 283.77M 305.37M 269.77M
Income before tax 166.67M 68.13M 52.60M 158.28M 146.26M
Net income 153.08M 110.07M 89.55M 160.51M 124.28M
EBITDA 302.45M 316.65M 339.50M 371.94M 342.12M
Diluted EPS 0.13 0.10 0.09 0.14 0.11
Dividends Per Share 0.00 0.00 0.00 0.01 0.01
Total Assets 7,344.17M 8,661.95M 6,140.19M 6,199.28M 7,063.35M
Total liabilities 5,067.96M 6,165.23M 3,878.87M 3,727.61M 4,440.08M
Total equity 2,176.94M 2,313.52M 2,130.05M 2,240.09M 2,346.83M
Operating cash flow -22.62M 274.21M 314.52M 194.69M 431.57M

Valuation Measures

Mar 2021
PER122.87
ROA1.87%
ROE5.41%
Operating margin5.07%
Profit margin2.33%

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 (56.4%)
  • Adani Tradeline LLP (9.0%)
  • Elara Capital Plc (Investment Management) (6.2%)
  • HSZ (Hong Kong) Ltd. (4.7%)
  • M.M. Warburg Bank (Schweiz) AG (4.2%)
  • Flourishing Trade & Investment Ltd. (3.0%)
  • Afro Asia Trade & Investments Ltd. (2.7%)
  • Worldwide Emerging Market Holding Ltd. (2.7%)
  • ADANI GAUTAMBHAI SHANTILAL FAMILY (0.8%)
  • 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

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Competitors

    Last Updated on 21 Jan, 2022

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