MarketFriction

Adani Enterprises Ltd

NSE ADANIENT · BSE 512599 · Trading - Minerals
₹2,816.80 -2.98%
NSE close2026-10-01
52 week range1,753.00 - 3,245.00
Market cap₹4,02,361 Cr.
P/E169
Nifty 50Nifty 100Nifty 200Nifty 500Nifty Metal No price band Delivery 42.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales19,54625,05029,18025,47222,60822,84826,96621,96121,24924,82032,43932,924
Expenses17,11621,82425,98521,76718,84219,77823,25618,65117,94221,17828,70927,905
Operating Profit2,4303,2263,1953,7063,7663,0703,7103,3103,3073,6423,7315,019
OPM %12%13%11%15%17%13%14%15%16%15%12%15%
Other Income461491-1765915836484,5824754,1796,288748-2,022
Interest1,3435971,5131,1309102,1411,7961,0351,7111,6261,6462,421
Depreciation7577608119341,0351,0061,2361,2841,3771,3722,1031,926
Profit before tax7912,3616962,2322,4035725,2591,4664,3986,932729-1,349
Tax %50%19%62%26%21%103%24%39%23%20%117%16%
Net Profit3331,9733521,7721,9892294,0159763,4145,727-167-1,462
EPS in Rs1.7814.793.5311.3913.640.4529.746.8524.7443.53-0.81-8.92
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales34,00836,53335,92440,37943,40339,53769,420127,54096,42197,895100,469111,431
Expenses32,32534,63133,88638,40941,10837,03165,707118,72285,04483,64386,47895,733
Operating Profit1,6841,9022,0381,9692,2942,5063,7148,81811,37714,25213,99115,698
OPM %5.0%5%6%4.9%5%6%5%7%12%15%14%14%
Other Income1,0447493635048724941,0128341,1466,40311,6889,193
Interest1,3571,2571,2501,6251,5721,3772,5263,9694,5555,9786,0197,405
Depreciation3143156643904725371,2482,4363,0424,2116,1356,777
Profit before tax1,0561,0794874591,1221,0869523,2474,92610,46613,52510,709
Tax %7%25%23%32%29%31%50%32%33%28%28%
Net Profit1,0009255945061,0401,0467882,4223,3358,0059,9517,513
EPS in Rs8.218.026.155.829.247.496.3019.3025.3755.0272.3158.54
Dividend Payout %4%4%6%6%10%12%14%6%5%2%2%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%21%-8%18%
Compounded Profit Growth%%%-36%
Stock Price CAGR53%16%8%22%
Return on Equity4%4%2%-3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital110110110110110110110110114114115129
Reserves25,61813,26814,02614,97914,64616,83717,04922,14732,93738,96250,19980,797
Borrowings83,57119,16920,84617,63711,24312,41916,22741,60453,20065,31091,473106,622
Other Liabilities21,4209,13212,63023,67916,53717,50918,23137,72655,02756,20056,05673,321
Total Liabilities130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843260,868
Fixed Assets83,83410,47313,66810,5559,02010,47610,83830,12356,88165,97877,260115,174
CWIP6,7337,7057,7315,5265,7657,3478,82523,54424,02535,18051,51651,753
Investments7448051,0421,4611,5111,9525,5034,2926,3108,7019,8879,428
Other Assets39,40722,69625,17038,86426,24027,09926,45143,62754,06250,72859,18084,513
Total Assets130,71841,67947,61156,40542,53646,87551,617101,586141,278160,586197,843260,868
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8,5325,1127742,9423,2362,4544,0431,38517,62610,3124,5132,357
Cash from Investing Activity-11,465-1,825-1,460-7,6492,487-1,082-8,611-17,041-15,459-18,767-26,417-27,680
Cash from Financing Activity3,445-3,4487165,120-6,158-2213,10915,901-1,1988,87922,65528,484
Net Cash Flow512-16130413-4361,151-1,4592469704247513,161
Free Cash Flow-621-778-3,373-4,3521,471-268684-10,2602,972-11,934-25,002-30,993
CFO/OP75%317%52%157%175%119%166%43%210%106%46%36%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days871091271231291111117236373646
Inventory Days3517192829272146276973126
Days Payable8969101104133126142120111179151185
Cash Conversion Cycle335746472611-10-2-49-73-42-13
Working Capital Days-81-2-19-8-10-21-31-89-38-61-59-45
ROCE %9%3%7%6%7%9%8%7%9%10%9%6%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters72.61%72.61%74.72%74.89%73.97%73.97%73.97%73.97%73.97%74.67%74.84%71.97%
FIIs14.65%14.41%11.73%11.31%11.72%11.71%11.55%11.72%11.64%10.80%8.77%10.51%
DIIs5.44%5.77%6.02%6.46%6.61%6.86%7.04%6.84%6.71%6.70%9.34%10.75%
Public7.30%7.22%7.53%7.36%7.68%7.45%7.44%7.47%7.66%7.84%7.06%6.78%
No. of Shareholders5,61,3095,37,3426,43,9755,84,9286,67,2106,55,9466,21,7396,18,4136,42,6146,64,8825,96,4145,88,595

Fundamentals

Market Cap₹ 4,02,361 Cr.
Current Price₹ 2,973
Stock P/E169
Book Value₹ 627
ROCE5.80 %
ROE-3.38 %
Dividend Yield0.04 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)-36%
Consolidated figures.
Valuation
Market capRs 364,123 Cr
Enterprise valueRs 458,935 Cr
P/E (TTM)48.16x
Price to book4.50x
Price to sales3.27x
EV / EBITDA18.44x
EV / EBIT25.34x
EV / sales4.12x
Price to cash flow154.49x
Earnings yield2.08%
Dividend yield0.05%
P/E, 3-year average56.62x
P/B, 3-year average5.67x
P/E, 5-year average105.00x
P/B, 5-year average6.50x
Profitability
Operating margin (excl. other income)13.93%
Operating margin (incl. other income)25.56%
EBITDA margin22.34%
Pre-tax margin9.61%
Net profit margin6.79%
Net margin, latest quarter-3.52%
ROE14.23%
ROCE11.87%
ROA4.07%
ROE, 3-year average13.04%
ROCE, 3-year average11.72%
ROA, 3-year average3.40%
ROE, 5-year average10.40%
ROCE, 5-year average10.39%
ROA, 5-year average2.65%
ROIC (approx.)7.39%
Tax rate28.33%
Other income / net worth14.44%
Growth
Sales growth (latest year)2.63%
Profit growth (latest year)31.32%
Sales CAGR, 3 years-7.64%
Sales CAGR, 5 years20.50%
Profit CAGR, 3 years55.92%
Profit CAGR, 5 years58.88%
Sales growth QoQ1.49%
Sales growth YoY (latest quarter)49.92%
Profit growth YoY (latest quarter)-231.07%
Per share
EPS (TTM)Rs 58.49
EPS (latest year)Rs 72.25
EPS (latest quarter)Rs -8.98
EPS, 3-year averageRs 54.09
EPS, 5-year averageRs 38.19
Book value per shareRs 626.03
Sales per shareRs 862.02
Cash flow per shareRs 18.23
Free cash flow per shareRs -239.76
Dividend per share (latest year)Rs 1.30
Dividend per share, 3-year averageRs 1.30
Dividend per share, 5-year averageRs 1.22
Dividends
Dividend payout1.80%
Dividend payout, 3-year average2.83%
Dividend payout, 5-year average5.64%
Efficiency
Asset turnover0.39x
Fixed asset turnover0.87x
Inventory turnover3.84x
Inventory days95 days
Debtor days46 days
Debtors turnover8.01x
Creditor days185 days
Cash conversion cycle-13 days
Working capital days-45 days
Leverage
Total debtRs 106,622 Cr
Cash and bankRs 11,809 Cr
Net debtRs 94,812 Cr
Debt to equity1.32x
Net debt / EBITDA3.81x
Interest coverage2.45x
Current ratio (filing 2026-03-31)1.03x
Quick ratio (filing 2026-03-31)0.72x
Trade payables (filing 2026-03-31)Rs 20,290 Cr
Owners' fund to total sources31.02%
Debt to assets40.87%
Cash flow
Cash from Operating Activity (latest year)Rs 2,357 Cr
Cash from Investing Activity (latest year)Rs -27,680 Cr
Cash from Financing Activity (latest year)Rs 28,484 Cr
Net Cash Flow (latest year)Rs 3,161 Cr
Free cash flow (latest year)Rs -30,993 Cr
FCFE (approx.: FCF + change in debt)Rs -15,844 Cr
Cash from ops / profit, 5 years1.48x
Sales to cash flow42.63x
Statement figures
Net sales (TTM)Rs 111,431 Cr
Net sales (latest year)Rs 100,469 Cr
Sales (latest quarter)Rs 32,924 Cr
Operating profit excl. other income (latest year)Rs 13,991 Cr
Operating profit (latest quarter)Rs 5,019 Cr
Other income (TTM)Rs 9,193 Cr
EBITDA (TTM)Rs 24,891 Cr
PBDT (TTM)Rs 17,486 Cr
Profit before tax (TTM)Rs 10,709 Cr
Tax (latest year)Rs 3,831 Cr
Net profit (TTM)Rs 7,561 Cr
Net profit (latest year)Rs 9,339 Cr
Net profit (latest quarter)Rs -1,160 Cr
Depreciation (TTM)Rs 6,777 Cr
Depreciation (latest quarter)Rs 1,926 Cr
Interest (TTM)Rs 7,405 Cr
Cost of goods sold (latest year)Rs 71,862 Cr
Total expenditure (latest year)Rs 86,478 Cr
Total income (latest year)Rs 112,157 Cr
Share capitalRs 129 Cr
ReservesRs 80,797 Cr
Shareholders' fundsRs 80,926 Cr
Total assetsRs 260,868 Cr
Net blockRs 115,174 Cr
Capital work in progressRs 51,753 Cr
InvestmentsRs 9,428 Cr
ReceivablesRs 12,543 Cr
InventoryRs 18,713 Cr
Other liabilitiesRs 73,321 Cr
Shares outstanding (crore)129.27
Ownership
Promoter holding71.97% (-2.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 48.2 is at the 52th percentile of its own 8.8-year range (median 45.2, low 15.2, high 364.7).
P/B 4.50 is at the 39th percentile (median 6.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodADANIENTNifty 50Difference
1 week-2.9%-2.8% -0.1 pts
1 month-1.6%-6.8% +5.1 pts
3 months-12.3%-7.6% -4.7 pts
6 months+60.2%+0.4% +59.7 pts
1 year+9.3%-9.9% +19.2 pts
2 years-7.5%-13.6% +6.1 pts
3 years+16.7%+14.2% +2.5 pts
5 years+93.1%+27.9% +65.2 pts
251 mutual fund schemes hold about ₹22,660 Cr. Over three months 179 bought more and 26 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Aggressive Hybrid Fund2.41%2,133 +31%
Quant Small Cap Fund4.30%1,528 +31%
SBI Focused Fund2.73%1,401 -1%
SBI ELSS Tax Saver Fund3.09%982 +118%
SBI Large & Midcap Fund2.31%980 +15%
SBI Multicap Fund3.44%843 +194%
SBI Large Cap Fundd1.51%832 +41%
SBI Arbitrage Fund1.37%649 -3%
HDFC Flexi Cap Fund0.51%580 +100%
Quant Flexi Cap Fund7.87%579 +4%
Quant Multi Asset Allocation Fund6.86%448 -2%
Quant ELSS Tax Saver Fund2.73%368 +5%
Motilal Oswal Midcap Fund0.81%346 +100%
Quant Multi Cap Fund4.43%342 +8%
Kotak Large & Mid Cap Fund0.99%319 +100%
Quant Large Cap Fund8.08%290 -0%
SBI Children's Fund-Investment Plan3.68%286 -4%
Edelweiss Arbitrage Fund1.78%264 +34%
ICICI Pru Large Cap Fund0.32%254 +100%
Mahindra Manulife Multi Cap Fund3.23%248 +18%
Motilal Oswal Large & Midcap Fund1.22%246 +100%
Nippon India Arbitrage Fund1.40%245 +25%
ICICI Pru Arbitrage Fund0.69%242 +3%
Nippon India Arbitrage Fund(M1.40%236 +25%
Helios Flexi Cap Fund2.62%229 +18%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 30% vs sales +3% in 2026
lookInventory outrunning sales Inventory grew 82% vs sales +3% in 2026
lookProfit leans on other income Other income was 86% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-09-29: Adani Enterprises Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-04-30: Adani Enterprises Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-09-28Spitze Trade and Investment LtdPromoter Groupbuy336,000Rs 119.73 CrMarket Purchase
2022-09-27Spitze Trade and Investment LtdPromoter Groupbuy250,000Rs 88.87 CrMarket Purchase
2022-09-23Spitze Trade and Investment LtdPromoter Groupbuy300,000Rs 111.07 CrMarket Purchase
2022-09-22Spitze Trade and Investment LtdPromoter Groupbuy300,000Rs 110.69 CrMarket Purchase
2022-09-21Spitze Trade and Investment LtdPromoter Groupbuy300,000Rs 110.08 CrMarket Purchase
2022-09-20Spitze Trade and Investment LtdPromoter Groupbuy325,000Rs 125.19 CrMarket Purchase
2022-09-19Spitze Trade and Investment LtdPromoter Groupbuy300,000Rs 113.46 CrMarket Purchase
2022-09-16Spitze Trade and Investment LtdPromoter Groupbuy225,000Rs 84.06 CrMarket Purchase
2022-09-15Spitze Trade and Investment LtdPromoter Groupbuy350,000Rs 128.15 CrMarket Purchase
2022-09-14Spitze Trade and Investment LtdPromoter Groupbuy500,000Rs 179.16 CrMarket Purchase
2022-09-13Spitze Trade and Investment LtdEmployees/Designated Employebuy500,000Rs 175.16 CrMarket Purchase
2022-09-07Gelt bery Trade and Investment LtdPromoter Groupbuy140Rs 0.05 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹32,924 Cr +49.9% vs Jun 2025. Net loss ₹1,462 Cr.

Activity

Compare
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Rajdarshan Industries Ltd100.19 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 1.30 Per Share
2025-11-17Rights 3:25 @ Premium Rs 1799/-
2025-06-13Dividend - Rs 1.30 Per Share
2024-06-14Dividend - Rs 1.30 Per Share
2023-07-07Dividend - Rs 1.20 Per Share
2022-07-14Dividend - Re 1 Per Share
2021-07-01 Dividend - Re 1 Per Share
2020-06-17 Annual General Meeting
2020-03-23 Interim Dividend - Re 1 Per Share
2019-07-29 Annual General Meeting/Dividend - Rs 0.40 Per Share
2018-09-06 Scheme Of Arrangement
2018-07-27 Annual General Meeting/Dividend Re 0.40 Per Share
2018-04-05 Scheme Of Arrangement
2017-07-31 Annual General Meeting/Dividend - Re 0.40 Per Share
2016-08-01 Annual General Meeting
2016-03-22 Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2015-07-31Annual General Meeting/ Dividend - Rs 1.40/- Per Share
2015-06-03Scheme Of Arrangement
2014-07-31Annual General Meeting/Dividend Rs 1.40/- Per Share
2013-07-30Annual General Meeting And Dividend Rs.1.40 Per Share
2012-08-02Annual General Meeting And Dividend Re.1/- Per Share
2011-08-03Dividend-Re.1/- Per Share
2010-08-12Annual General Meeting And Dividend Re.1/- Per Share
2010-03-23Rights 1:16 @Prem Rs.474
2009-12-10Bonus 1:10.5000
2009-08-20Agm/Div-Re.1/- Per Share
2008-09-18Agm/Dividend - 60%
2007-09-21Agm
2007-03-22Interim Dividend-45% Purpose Revised
2006-07-24Agm/Final Dividend-45%
DateTypeWhat it says
2026-10-01News clarificationThe Exchange has sought clarification from Adani Enterprises Limited with respect to recent news item captioned Adani Airport Holdings raises $120 mil...
2026-09-30Board meeting outcomeOutcome of Rights Issue Committee Meeting held on Wednesday September 30, 2026.
2026-09-30Committee Meeting UpdatesOutcome of Rights Committee Meeting held on Wednesday, September 30, 2026.
2026-09-29News clarificationThe Exchange has sought clarification from Adani Enterprises Limited with respect to recent news item captioned Adani Airport Holdings raises $120 mil...
2026-09-29Regulatory actionAction(s) taken or orders passed
2026-09-26AcquisitionAcquisition of 50% stake of Monvarex Aluminium Holding RSC Ltd. by Adani Global Limited, a wholly owned subsidiary of the Company
2026-09-22Regulatory actionAction(s) taken or orders passed
2026-09-21Shareholder meetingNotice of Postal Ballot
2026-09-09Press ReleaseA press release dated September 09, 2026, titled "Adani Airports to raise USD 1 billion of primary equity from marquee global investors".
2026-09-09AgreementsEntering to into shareholders agreement by the Company
2026-09-07Concall / analyst meetSchedule of meet
2026-08-27AcquisitionAcquisition of Chandenvalle Infra Park Limited by AdaniConneX Private Limited, a joint venture of the Company
2026-08-26Suspension of TradingMembers of the Exchange are hereby informed that the trading in Non-Convertible Debentures of Adani Enterprises Limited shall be suspended w.e.f. Augu...
2026-08-24Concall / analyst meetSchedule of meet
2026-08-21Change in ManagementMr. V. Subramanian shall be completing his second term as an Independent Director of the Company and consequently, he shall cease to be an Independent...
2026-08-20Concall / analyst meetSchedule of meet
2026-08-13AcquisitionAcquisition of Path Highway LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani Road GRICL Limited, a wholly owned...
2026-08-08AcquisitionAdani Airport City Limited, a step down wholly owned subsidiary of the Company has incorporated wholly owned subsidiary namely AACL Global IFSC Limite...
2026-08-06Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetTranscript
2026-08-05AcquisitionIncorporation of wholly owned subsidiary company by Adani Airport Holdings Limited, wholly owned subsidiary of the company.
2026-08-04AcquisitionAcquisition
2026-07-29Concall / analyst meetLink of Recording
2026-07-29Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-07-29Monitoring Agency ReportMonitoring Agency Report for the quarter ended on 30th June, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.68
Max pain (expiry 2026-10-27)2,900
Largest call open interest at2,900
Largest put open interest at2,800
Implied volatility, at the money30.8%
Underlying at snapshot2,816.80
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-305
2026-09-295,057
2026-09-283
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Adani Enterprises Ltd?

Adani Enterprises Ltd (ADANIENT) has a market capitalisation of Rs 4,02,361 Cr. at the 2026-10-01 close.

What is the P/E ratio of Adani Enterprises Ltd?

Adani Enterprises Ltd trades at a P/E of 169 on trailing twelve-month profit, at the 2026-10-01 close.

What were Adani Enterprises Ltd's latest quarterly results?

In the Jun 2026 quarter, Adani Enterprises Ltd sales was Rs 32,924 Cr (+49.9% vs Jun 2025) with a net loss of Rs 1,462 Cr.

What is the 52-week high and low of Adani Enterprises Ltd?

The 52-week high is Rs 3,245.00 and the 52-week low is Rs 1,753.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03