ADANIENT · NSE
Adani Enterprises Limited
₹3,020
+3.31% (+₹96.8)
Prev. close
₹2,923.2
Volume
16,28,125
Delivery %
55.9%
As of
18 Sept 2026
Price history
Motilal Oswal Analysis · Motilal Oswal Financial Services · 31 Aug 2026
“Bullish on Adani Enterprises (AEL) with a sum-of-the-parts (SoTP) based target price of ₹3,880, implying a 22% upside from current levels. This target bakes in steep premiums for AEL's unlisted airport, new-energy, and data-centre businesses, leaving earnings growth to drive further valuation expansion. However, a holding-company discount could be introduced post-listing of key businesses from 2027-2031, similar to Reliance Industries.”
Analyst sentiment
Analysts lean bullish
7 analyst stances · last 90 days · one per analyst
Trackable
6 · 5 bull / 1 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Neutral on Adani Energy Solutions with a 'Hold' rating and a target price of ₹1,752 per share, indicating a 29.87% upsid…” | PL Capital AnalysisPL Capital | Adani Energy Solutions Ltd | PENDING | ||||
| “Maintains a 'Buy' rating on Adani Enterprises with a target price of ₹3,830, projecting a 30% rally from current levels,…” | Jefferies AnalysisJefferies | Adani Enterprises Ltd | PENDING | ||||
| “Bullish on Adani Enterprises (AEL) with a sum-of-the-parts (SoTP) based target price of ₹3,880, implying a 22% upside fr…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Enterprises Ltd | PENDING | ||||
“Bullish on Adani Enterprises (AEL) with a sum-of-the-parts (SoTP) based target price of ₹3,880, implying a 22% upside from current levels. This target bakes in steep premiums for AEL's unlisted airport, new-energy, and data-centre businesses, leaving earnings growth to drive further valuation expansion. However, a holding-company discount could be introduced post-listing of key businesses from 2027-2031, similar to Reliance Industries.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Bullish on Adani Enterprises (AEL) with a target price of ₹3,638. This target already assigns rich valuations to AEL's k…” | Morgan Stanley AnalysisMorgan Stanley India | Adani Enterprises | PENDING | ||||
| “Recommends buying Adani Enterprises for intraday trading at ₹3169, targeting ₹3300, with a stop loss at ₹3100.” | Vaishali ParekhPrabhudas Lilladher | Adani Enterprises | PENDING | ||||
| “Initiated coverage on Adani Enterprises (AEL) with a Buy rating and a sum-of-the-parts target price of ₹3,880, indicatin…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Enterprises Ltd | PENDING | ||||
| “Initiated coverage on Adani Enterprises with a 'buy' rating and a target price of ₹3,880 per share, representing a 25% u…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Enterprises Ltd | PENDING | ||||
| “Bullish on Adani Energy Solutions, reaffirming an 'Overweight' rating and a target price of ₹1,943. This positive stance…” | Morgan Stanley AnalysisMorgan Stanley India | Adani Energy Solutions Ltd | PENDING | ||||
| “Bullish on Adani Enterprises, which has shown a strong recovery from the ₹3,000 zone and is trading above major EMAs, ma…” | Virat JagadBonanza Portfolio | Adani Enterprises | PENDING | ||||
| “Bullish on Adani Enterprises, citing the easing of the Adani Group’s legal and reputational overhang, coupled with the s…” | Samir AroraHelios Capital | Adani Enterprises | NOT GRADED | ||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Adani Energy Solutions with a target price of ₹2,060, implying 53% upside. Management is upbeat on the tradin…” | Jefferies AnalysisJefferies | Adani Energy Solutions Ltd | PENDING |
Fundamentals
About Adani Enterprises Limited
Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments. The company engages in the integrated ecosystem for manufacturing green hydrogen, including solar cells, modules, and wind turbine generators; construction, operation, and maintenance of airports and road assets; commercial mining activities; supply of bunker fuels to shipping vessels; manufacture and supply of defense equipment; copper cathodes and cast rods; digital labs; and copper smelting and refinery, as well metals manufacturing. It also provides procurement and logistics services for minerals, as well as mining services. In addition, the company is involved in the sourcing, storage, and marketing of apples, grapes, pomegranates, stone fruits, digital mandi, and frozen peas; wastewater treatment, recycling, reuse projects; the operation of a news network; and Infrastructure Development and Water Resource Management. Further, it holds a portfolio of small arms, ammunition, unmanned aerial vehicles, counter-drone systems, missiles, and aircraft services. It also provides education, training and skill development. The company has strategic alliance with Jabil Inc. to build AI data center infrastructure platform in India. Adani Enterprises Limited was formerly known as Adani Exports Ltd. and changed its name to Adani Enterprises Limited in September 2006. The company was founded in 1988 and is headquartered in Ahmedabad, India.
Details
Sector
Energy
Industry
Thermal Coal
CEO
Dr. Vinay Prakash Goel
Headquarters
Ahmedabad
Employees
10,463
Website
adanienterprises.comExchange
View on NSE ↗Key stats
Market cap
₹4.16 L Cr
P/E ratio (TTM)
50.8
Dividend yield
0.04%
EPS (TTM)
₹57.52
Beta (1Y · daily vs NIFTY 50)
1.58
Beta (5Y · monthly vs NIFTY 50)
1.59
Shares float
35.29 Cr
EPS · quarter ended Jun 2026
₹-8.91
Upcoming earnings
28 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹39,537.13 Cr | ₹69,420.18 Cr | ₹1.37 L Cr | ₹96,420.98 Cr | ₹97,894.75 Cr | ₹1.00 L Cr | |
| EBITDA | — | ₹4,725.71 Cr | ₹8,677.43 Cr | ₹11,686.52 Cr | ₹19,577.67 Cr | ₹25,679.12 Cr |
| ₹923.00 Cr | ₹776.56 Cr | ₹2,472.94 Cr | ₹3,240.78 Cr | ₹7,099.00 Cr | ₹9,339.47 Cr | |
| Diluted EPS | ₹8.39 | ₹7.06 | ₹21.12 | ₹26.41 | ₹58.79 | ₹73.59 |
EBITDA has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Net income for at least one year shown could not be independently verified against the company's own annual report — the two sources disagree for at least one overlapping year, so the year(s) this deck cannot verify are left blank rather than shown with an unverified number.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹51,617.00 Cr | ₹1.02 L Cr | ₹1.41 L Cr | ₹1.61 L Cr | ₹1.98 L Cr | ₹2.61 L Cr | |
| ₹16,227.06 Cr | ₹41,604.03 Cr | ₹53,012.60 Cr | ₹65,310.15 Cr | ₹91,472.60 Cr | ₹1.07 L Cr | |
| Stockholders' equity | ₹17,159.00 Cr | ₹22,256.51 Cr | ₹33,051.00 Cr | ₹39,076.00 Cr | ₹50,314.00 Cr | ₹80,926.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹4,093.53 Cr | ₹1,385.28 Cr | ₹17,626.00 Cr | ₹10,312.00 Cr | ₹4,513.00 Cr | ₹2,357.00 Cr | |
| Investing cash flow | ₹-7,902.39 Cr | ₹-17,487.38 Cr | ₹-16,860.09 Cr | ₹-19,082.18 Cr | ₹-26,966.61 Cr | ₹-28,438.01 Cr |
| ₹3,058.59 Cr | ₹15,901.42 Cr | ₹-1,197.52 Cr | ₹8,878.68 Cr | ₹22,655.34 Cr | ₹28,484.47 Cr | |
| Capital expenditure | ₹-4,138.98 Cr | ₹-11,647.48 Cr | ₹-14,725.00 Cr | ₹-22,366.00 Cr | ₹-29,879.00 Cr | ₹-33,369.00 Cr |
| End cash position | ₹666.15 Cr | ₹912.23 Cr | ₹1,882.33 Cr | ₹2,306.55 Cr | ₹3,105.78 Cr | ₹6,266.67 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 15 | Sep 18–Mar 22(4Q) | May 22–Jun 22(2Q) | Sep 22–Dec 22(2Q) | Mar 23 | Jun 23 | Sep 23–Mar 24(3Q) | Jun 24 | Sep 24 | Dec 24–Dec 25(6Q) | Mar 26 | Jun 26 | Jul 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75.00% | 74.92% | 72.28% | 72.63% | 69.23% | 67.65% | 72.61% | 74.72% | 74.89% | 73.97% | 74.67% | 74.84% | 71.97% |
| Public | 25.00% | 25.08% | 27.72% | 27.37% | 30.77% | 32.35% | 27.39% | 25.28% | 25.11% | 26.03% | 25.33% | 25.16% | 28.03% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Energy
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Reliance Industries Limited | ₹16.84 L Cr | ₹1,226.4 | 22.5 | 1.86 | 8.9% | 0.44 | +9.6% | -13.3% |
| Adani Enterprises Limited | ₹4.16 L Cr | ₹3,020 | 50.8 | 5.14 | 11.5% | 1.32 | +2.6% | +25.7% |
| Oil & Natural Gas Corporation Limited | ₹2.92 L Cr | ₹232.8 | 6.7 | 0.79 | 11.1% | 0.47 | -0.6% | -1.2% |
| Coal India Limited | ₹2.58 L Cr | ₹409.9 | 8.3 | 2.16 | 26.1% | 0.12 | +0.1% | +4.3% |
| Indian Oil Corporation Limited | ₹1.90 L Cr | ₹137 | 5.5 | 0.86 | 19.2% | 0.60 | +2.6% | -6.9% |
| Bharat Petroleum Corporation Limited | ₹1.30 L Cr | ₹307 | 7.6 | 1.29 | 25.8% | 0.54 | +2.6% | -5.1% |
| Oil India Limited | ₹77,654.26 Cr | ₹475.7 | 9.3 | 1.34 | 11.4% | 0.65 | +4.4% | +19.2% |
| Hindustan Petroleum Corporation Limited | ₹74,601.46 Cr | ₹359 | 44.7 | 1.14 | 27.5% | 0.85 | +1.0% | -12.1% |
| Aegis Logistics Limited | ₹47,518.38 Cr | ₹1,415.4 | 38.0 | 7.85 | 14.8% | 0.69 | +26.1% | +80.4% |
| Petronet LNG Limited | ₹42,517.51 Cr | ₹292.6 | 10.1 | 1.91 | 17.6% | 0.11 | -14.5% | +4.6% |
| Aegis Vopak Terminals Limited | ₹32,901.81 Cr | ₹310.7 | 108.0 | 7.67 | 7.2% | 0.87 | +17.0% | +27.3% |
| Mangalore Refinery and Petrochemicals Limited | ₹28,702.31 Cr | ₹165.38 | 9.1 | 2.02 | 13.6% | 1.08 | -6.4% | +26.2% |
Ranked by market cap within Energy, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
47 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.