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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 2020 INRUSD
Revenue433,473M6,113.34M
Gross Profit42,356.80M597.36M
Operating income21,652.80M305.37M
Income before tax11,223.30M158.28M
Net income11,381.70M160.51M
EBITDA26,373.40M371.94M
Diluted EPS10.340.14
Dividends Per Share----
Total Assets468,983.60M6,199.28M
Total liabilities281,998.40M3,727.61M
Total equity169,465.70M2,240.09M
Operating cash flow13,804.80M194.69M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 339,294M 365,271M 358,234.40M 403,213.80M 433,473M
Gross Profit 29,244.50M 27,386.50M 23,226.60M 32,719.40M 42,356.80M
Operating income 15,849.10M 17,127.40M 13,774.10M 19,848.30M 21,652.80M
Income before tax 10,557.80M 11,176.70M 4,392.20M 3,679.10M 11,223.30M
Net income 10,107.20M 10,265.40M 7,096.40M 6,263.60M 11,381.70M
EBITDA 18,993.60M 20,282M 20,413.30M 23,746M 26,373.40M
Diluted EPS 9.19 8.98 6.88 6.52 10.34
Dividends Per Share 0.40 0.40 0.40 0.40 --
Total Assets 417,560.90M 476,894M 564,947.10M 425,361.80M 468,983.60M
Total liabilities 282,814.40M 329,088.60M 402,107.30M 268,709.10M 281,998.40M
Total equity 133,776.10M 141,359.70M 150,891.70M 147,559.40M 169,465.70M
Operating cash flow 45,499.40M -1,517.10M 17,677.80M 21,999M 13,804.80M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 5,182.36M 5,447.16M 5,556.94M 5,764.91M 6,113.34M
Gross Profit 446.67M 408.40M 360.29M 467.80M 597.36M
Operating income 242.07M 255.41M 213.66M 283.77M 305.37M
Income before tax 161.25M 166.67M 68.13M 52.60M 158.28M
Net income 154.37M 153.08M 110.07M 89.55M 160.51M
EBITDA 290.10M 302.45M 316.65M 339.50M 371.94M
Diluted EPS 0.14 0.13 0.10 0.09 0.14
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 6,305.42M 7,344.17M 8,661.95M 6,140.19M 6,199.28M
Total liabilities 4,270.66M 5,067.96M 6,165.23M 3,878.87M 3,727.61M
Total equity 2,020.10M 2,176.94M 2,313.52M 2,130.05M 2,240.09M
Operating cash flow 694.95M -22.62M 274.21M 314.52M 194.69M

Valuation Measures

Mar 2020
PER13.29
ROA2.54%
ROE7.18%
Operating margin4.99%
Profit margin2.62%

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) (6.3%)
  • HSZ (Hong Kong) Ltd. (4.4%)
  • M.M. Warburg Bank (Schweiz) AG (4.2%)
  • Acropolis Trade & Investments Ltd. (2.7%)
  • Afro Asia 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

  • Adani Road Transport Ltd.
  • 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.

Competitors

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