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Adani Enterprises

BSE:512599
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
512599
BSE
₹279B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Adani Enterprises Limited, together with its subsidiaries, engages in the coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation and transmission, gas distribution, and edible oil and agro commodities businesses in India and internationally. The last earnings update was 15 days ago. More info.


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512599 Share Price and Events
7 Day Returns
2.4%
BSE:512599
1.1%
IN Trade Distributors
-0.6%
IN Market
1 Year Returns
115.4%
BSE:512599
59.1%
IN Trade Distributors
11.1%
IN Market
512599 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adani Enterprises (512599) 2.4% 14.8% 26.5% 115.4% 166.4% -62.6%
IN Trade Distributors 1.1% 9.3% 20.2% 59.1% 56.4% -58.3%
IN Market -0.6% -0.5% 3% 11.1% 18% 25.7%
1 Year Return vs Industry and Market
  • 512599 outperformed the Trade Distributors industry which returned 59.1% over the past year.
  • 512599 outperformed the Market in India which returned 11.1% over the past year.
Price Volatility
512599
Industry
5yr Volatility vs Market

512599 Value

 Is Adani Enterprises undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Adani Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Adani Enterprises.

BSE:512599 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:512599
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.957 (1 + (1- 35%) (34.25%))
1.114
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.114 * 7.85%)
15.22%

Discounted Cash Flow Calculation for BSE:512599 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Adani Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:512599 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.22%)
2020 19,535.00 Analyst x1 16,954.28
2021 42,532.00 Analyst x1 32,036.70
2022 28,141.00 Analyst x1 18,396.59
2023 29,489.44 Est @ 4.79% 16,731.33
2024 31,051.86 Est @ 5.3% 15,290.35
2025 32,807.14 Est @ 5.65% 14,020.52
2026 34,743.07 Est @ 5.9% 12,886.35
2027 36,853.59 Est @ 6.07% 11,863.36
2028 39,137.13 Est @ 6.2% 10,934.09
2029 41,595.48 Est @ 6.28% 10,085.70
Present value of next 10 years cash flows ₹159,199.00
BSE:512599 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹41,595.48 × (1 + 6.48%) ÷ (15.22% – 6.48%)
₹506,665.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹506,665.77 ÷ (1 + 15.22%)10
₹122,851.73
BSE:512599 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹159,199.00 + ₹122,851.73
₹282,050.73
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹282,050.73 / 1,099.81
₹256.45
BSE:512599 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹256.45
Current discount Discount to share price of ₹257.50
= -1 x (₹257.50 - ₹256.45) / ₹256.45
-0.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Adani Enterprises is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Adani Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adani Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:512599 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹12.37
BSE:512599 Share Price ** BSE (2020-02-20) in INR ₹257.5
India Trade Distributors Industry PE Ratio Median Figure of 86 Publicly-Listed Trade Distributors Companies 15.98x
India Market PE Ratio Median Figure of 2,610 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Adani Enterprises.

BSE:512599 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:512599 Share Price ÷ EPS (both in INR)

= 257.5 ÷ 12.37

20.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adani Enterprises is overvalued based on earnings compared to the IN Trade Distributors industry average.
  • Adani Enterprises is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Adani Enterprises's expected growth come at a high price?
Raw Data
BSE:512599 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-7.2%per year
Asia Trade Distributors Industry PEG Ratio Median Figure of 46 Publicly-Listed Trade Distributors Companies 1.45x
India Market PEG Ratio Median Figure of 409 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

BSE:512599 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.81x ÷ -7.2%

-2.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adani Enterprises earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adani Enterprises's assets?
Raw Data
BSE:512599 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹142.33
BSE:512599 Share Price * BSE (2020-02-20) in INR ₹257.5
India Trade Distributors Industry PB Ratio Median Figure of 129 Publicly-Listed Trade Distributors Companies 0.63x
India Market PB Ratio Median Figure of 3,604 Publicly-Listed Companies 0.85x
BSE:512599 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:512599 Share Price ÷ Book Value per Share (both in INR)

= 257.5 ÷ 142.33

1.81x

* Primary Listing of Adani Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adani Enterprises is overvalued based on assets compared to the IN Trade Distributors industry average.
X
Value checks
We assess Adani Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Adani Enterprises has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

512599 Future Performance

 How is Adani Enterprises expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adani Enterprises expected to grow at an attractive rate?
  • Adani Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 6.5%.
Growth vs Market Checks
  • Adani Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Adani Enterprises's revenues are expected to decrease over the next 1-3 years, this is below the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:512599 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:512599 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -7.2%
BSE:512599 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.7%
India Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average -1.4%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
India Market Earnings Growth Rate Market Cap Weighted Average 21.5%
India Market Revenue Growth Rate Market Cap Weighted Average 9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:512599 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:512599 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 411,827 29,255 12,533 1
2021-03-31 449,653 43,641 12,862 2
2020-03-31 441,506 24,639 15,606 1
2020-02-20
BSE:512599 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 432,104 13,604
2019-09-30 426,919 55,843 10,264
2019-06-30 433,823 11,128
2019-03-31 403,787 33,267 6,264
2018-12-31 382,823 6,948
2018-09-30 372,322 9,221
2018-06-30 367,036 8,648
2018-03-31 359,239 29,424 7,096
2017-12-31 399,197 7,899
2017-09-30 385,871 7,794
2017-06-30 370,981 7,834
2017-03-31 365,329 7,741 10,265

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adani Enterprises's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Adani Enterprises's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:512599 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Adani Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512599 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 11.40 11.40 11.40 1.00
2021-03-31 11.71 11.71 11.70 2.00
2020-03-31 14.20 14.20 14.20 1.00
2020-02-20
BSE:512599 Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 12.37
2019-09-30 9.34
2019-06-30 10.12
2019-03-31 5.70
2018-12-31 6.32
2018-09-30 8.37
2018-06-30 7.86
2018-03-31 6.45
2017-12-31 7.18
2017-09-30 7.09
2017-06-30 7.12
2017-03-31 9.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Adani Enterprises is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Adani Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Adani Enterprises has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

512599 Past Performance

  How has Adani Enterprises performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Adani Enterprises's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Adani Enterprises's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Adani Enterprises's 1-year earnings growth exceeds its 5-year average (95.8% vs -24%)
  • Adani Enterprises's earnings growth has exceeded the IN Trade Distributors industry average in the past year (95.8% vs 30.2%).
Earnings and Revenue History
Adani Enterprises's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Adani Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:512599 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 432,103.50 13,604.40 58,208.10
2019-09-30 426,918.50 10,264.30 55,421.20
2019-06-30 433,822.50 11,128.30 53,646.20
2019-03-31 403,786.60 6,263.60 50,884.50
2018-12-31 382,823.20 6,947.70 41,572.60
2018-09-30 372,321.50 9,220.50 41,321.10
2018-06-30 367,035.50 8,647.80 41,316.50
2018-03-31 359,239.20 7,096.40 38,913.80
2017-12-31 399,196.90 7,899.40 38,071.20
2017-09-30 385,871.30 7,793.50 37,852.50
2017-06-30 370,980.80 7,833.60 37,478.30
2017-03-31 365,328.60 10,265.40 36,975.90
2016-12-31 432,843.20 9,354.10 50,205.70
2016-09-30 425,739.40 8,056.50 50,365.20
2016-06-30 440,547.70 10,412.60 50,539.10
2016-03-31 339,318.30 10,107.20 38,710.20
2015-12-31 492,140.50 16,114.90 38,657.90
2015-09-30 566,554.10 18,595.50 40,162.20
2015-06-30 593,322.40 17,709.80 41,124.80
2015-03-31 645,818.80 19,480.50 89,704.10
2014-12-31 646,783.10 40,587.00 34,782.70
2014-09-30 605,156.90 36,830.50 33,765.80
2014-06-30 600,360.30 30,558.10 33,220.50
2014-03-31 550,668.80 22,207.70 32,721.50
2013-12-31 502,831.70 -1,532.70 35,194.70
2013-09-30 502,492.20 1,946.40 34,575.30
2013-06-30 469,627.60 9,318.00 34,101.30
2013-03-31 464,624.10 16,129.80 29,059.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Adani Enterprises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Adani Enterprises used its assets more efficiently than the IN Trade Distributors industry average last year based on Return on Assets.
  • Adani Enterprises has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Adani Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Adani Enterprises has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

512599 Health

 How is Adani Enterprises's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Adani Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adani Enterprises's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Adani Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Adani Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Adani Enterprises Company Filings, last reported 1 month ago.

BSE:512599 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 169,083.80 95,684.70 31,192.80
2019-09-30 169,083.80 95,684.70 31,192.80
2019-06-30 151,437.10 116,317.00 14,245.20
2019-03-31 151,437.10 112,432.00 14,245.20
2018-12-31 148,111.10 160,927.40 28,771.10
2018-09-30 148,111.10 160,927.40 28,771.10
2018-06-30 155,884.20 183,547.00 15,615.30
2018-03-31 158,670.30 176,366.90 15,615.30
2017-12-31 151,040.30 224,244.40 29,543.30
2017-09-30 151,040.30 224,244.40 29,543.30
2017-06-30 146,982.20 212,268.60 15,301.10
2017-03-31 146,982.20 208,457.20 15,412.90
2016-12-31 141,748.10 178,268.30 21,132.70
2016-09-30 141,748.10 178,268.30 21,132.70
2016-06-30 135,009.20 205,630.00 20,894.40
2016-03-31 134,628.40 191,693.50 11,457.80
2015-12-31 130,811.70 185,675.60 25,104.10
2015-09-30 130,811.70 185,675.60 25,104.10
2015-06-30 298,296.60 835,706.40 42,419.40
2015-03-31 298,296.60 835,494.30 42,419.40
2014-12-31 284,759.00 726,323.70 77,104.00
2014-09-30 284,759.00 726,323.70 77,104.00
2014-06-30 282,378.40 719,799.20 38,654.10
2014-03-31 282,378.40 719,587.10 38,654.10
2013-12-31 248,140.50 706,812.00 62,763.80
2013-09-30 248,140.50 706,812.00 62,763.80
2013-06-30 246,925.90 694,643.50 72,653.40
2013-03-31 246,298.40 693,004.40 72,653.50
  • Adani Enterprises's level of debt (54.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (255.3% vs 54.3% today).
  • Debt is well covered by operating cash flow (60.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Adani Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Adani Enterprises has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

512599 Dividends

 What is Adani Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.16%
Current annual income from Adani Enterprises dividends.
If you bought ₹2,000 of Adani Enterprises shares you are expected to receive ₹3 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Adani Enterprises's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Adani Enterprises's dividend is below the markets top 25% of dividend payers in India (2.55%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:512599 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 0.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1402 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:512599 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31
2020-02-20
BSE:512599 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-07-15 0.400 0.231
2019-05-29 0.400 0.267
2018-07-16 0.400 0.266
2018-05-10 0.400 0.330
2017-07-17 0.400 0.271
2017-05-24 0.400 0.311
2016-03-15 0.400 0.499
2015-05-13 1.400 1.639
2014-07-14 1.400 0.268
2014-05-19 1.400 0.294
2013-07-15 1.400 0.631
2013-05-20 1.400 0.689
2012-08-09 1.000 0.454
2011-08-10 1.000 0.320
2010-08-12 1.000 0.154
2009-05-20 0.500 0.116

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adani Enterprises is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • Adani Enterprises is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Adani Enterprises's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Adani Enterprises's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Adani Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Adani Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adani Enterprises has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

512599 Management

 What is the CEO of Adani Enterprises's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rajeshbhai Adani
COMPENSATION ₹41,900,000
AGE 55
CEO Bio

Mr. Rajeshbhai Shantilal Adani, B.Com., serves as the Managing Director at Adani Wilmar Limited. Mr. Adani has been the Managing Director of Adani Power Limited since April 01, 2008 and served as its Chief Executive Officer until December 12, 2015. He serves as Managing Director of Adani Enterprises Limited. He is a Co-Owner of S.B. Adani Family Trust. He has been associated with Adani Enterprises Limited since its incorporation in 1988. He handles the marketing and finance aspects of Adani Enterprises Limited and is responsible for developing the business relationships of Adani Enterprises Limited. He served as the Managing Director of Adani Power Maharashtra Limited until March 1, 2011. Mr. Adani serves as Chairman of the Board of Adani Chemicals Limited, a subsidiary of Adani Enterprises Limited. He has been an Executive Director of Adani Transmissions Limited since June 17, 2015. He has been an Executive Director of Adani Power Limited since June 12, 2007. He serves as an Executive Director of Adani Enterprises Ltd. Mr. Adani is in-charge of the operations of the Group and is responsible for developing its business relationships. He has been a Non-Independent & Non-Executive Director of Adani Ports and Special Economic Zone Limited since May 26, 1998. He serves as a Director of Adani Green Energy Limited. He was a Director of Adani Gas Limited since January 8, 2010 until October 22, 2018. He serves as Director of Adani Welspun Exploration Limited. Mr. Adani serves as a Director of Adani Wilmar Limited. He served as a Director of Adani Agri Fresh Limited. He served as a Director of Adani Power Maharashtra Limited until March 1, 2011. He served as a Director of Adani Power Rajasthan Limited until March 1, 2011. He holds a bachelor's degree in Commerce from the Gujarat University.

CEO Compensation
  • Rajeshbhai's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rajeshbhai's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Adani Enterprises management team in years:

2
Average Tenure
57
Average Age
  • The tenure for the Adani Enterprises management team is about average.
Management Team

Gautam Adani

TITLE
Executive Chairman
COMPENSATION
₹21M
AGE
57

Rajeshbhai Adani

TITLE
MD & Director
COMPENSATION
₹42M
AGE
55

Pranav Adani

TITLE
Executive Director
COMPENSATION
₹30M
AGE
41

Vinay Goel

TITLE
CEO of Coal & Mining and Executive Director
COMPENSATION
₹154M
AGE
46

Jugeshinder Singh

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Sudipta Bhattacharya

TITLE
Group CTO & CEO of Adani Group North America
AGE
52

Jatin Jalundhwala

TITLE
Joint President of Legal
COMPENSATION
₹15M
AGE
59

Paresh Chaudhry

TITLE
Group President of Corporate Communication
AGE
63
TENURE
2 yrs

Panda Kishore

TITLE
Group President of Human Resources
AGE
64
TENURE
12 yrs

Pradeep Bhargava

TITLE
Head of Management Assurance & Audit Services
AGE
60
Board of Directors Tenure

Average tenure and age of the Adani Enterprises board of directors in years:

3.3
Average Tenure
59
Average Age
  • The tenure for the Adani Enterprises board of directors is about average.
Board of Directors

Gautam Adani

TITLE
Executive Chairman
COMPENSATION
₹21M
AGE
57

Rajeshbhai Adani

TITLE
MD & Director
COMPENSATION
₹42M
AGE
55

Pranav Adani

TITLE
Executive Director
COMPENSATION
₹30M
AGE
41
TENURE
4.8 yrs

Vinay Goel

TITLE
CEO of Coal & Mining and Executive Director
COMPENSATION
₹154M
AGE
46
TENURE
2.5 yrs

Hemant Nerurkar

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
71
TENURE
4.5 yrs

Venkataraman Subramanian

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
71
TENURE
3.5 yrs

Vijaylaxmi Joshi

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
61
TENURE
3.2 yrs

Narendra Mairpady

TITLE
Additional Non Executive Independent Director
COMPENSATION
₹1M
AGE
65
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Adani Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Adani Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

512599 News

Simply Wall St News

Where Adani Enterprises Limited's (BOM:512599) Earnings Growth Stands Against Its Industry

Examining Adani Enterprises Limited's (BOM:512599) past track record of performance is a valuable exercise for investors. … Below, I will assess 512599's latest performance announced on 31 March 2018 and weigh these figures against its longer term trend and industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -11.17%, indicating the rate at which 512599 is growing has slowed down

Simply Wall St -

512599 Company Info

Description

Adani Enterprises Limited, together with its subsidiaries, engages in the coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation and transmission, gas distribution, and edible oil and agro commodities businesses in India and internationally. The company trades in coal; offers bunkering and integrated coal management services; imports fruits, apple, pear, citrus, kiwi, and grapes; and markets its apple under the FARM-PIK brand, as well as food grains. It is also involved in the mining, processing, acquisition, exploration, and development of various coal properties, including Parsa East and Kanta Basan coal block, Kente Extension coal block, Parsa coal block, and Jitpur coal block; a coal mining concession in Indonesia; and the Carmichael Coal mine in the Galilee Basin in Queensland, Australia, as well as solar PV manufacturing business. In addition, company offers edible oils, basmati rice, pulses, soya chunks, and besan and atta, as well as lauric and bakery fats, castor oil derivatives, oleo chemicals, and soya value added products under the Fortune, King’s, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha, and Aadhar brands. Further, it manufactures fighter aircraft, unmanned aerial systems, and helicopters; develops avionics and systems, aero structures and components, aerospace composites, and radar and electronic warfare systems, as well as constructs rail transit systems; and engages in the mining of minerals and ores activities. The company was founded in 1988 and is based in Ahmedabad, India. Adani Enterprises Limited is a subsidiary of S.B. Adani Family Trust.

Details
Name: Adani Enterprises Limited
512599
Exchange: BSE
Founded: 1988
₹279,406,751,586
1,099,810,083
Website: http://www.adanienterprises.com
Address: Adani Enterprises Limited
Adani House,
Near Mithakhali Six Roads,
Ahmedabad,
Gujarat, 380009,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 512599 Equity Shares Mumbai Stock Exchange IN INR 02. Jul 2001
NSEI ADANIENT Equity Shares National Stock Exchange of India IN INR 02. Jul 2001
Number of employees
Current staff
Staff numbers
0
Adani Enterprises employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 12:33
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/02/05
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.