Adani Enterprises Limited (IN:ADANIENT)
:ADANIENT
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Adani Enterprises Limited
(ADANIENT)
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Rating:61Neutral
Price Target:
₹2,863.00
▲(25.54% Upside)
Action:Reiterated
Date:05/15/26
Technical strength (price above key moving averages with positive MACD and solid RSI) supports the score, but it is held back by financial risk—especially the FY2026 cash flow deterioration and elevated leverage. Valuation signals are mixed due to a negative P/E and a low dividend yield.
Positive Factors
Platform / Incubator Model
Adani Enterprises’ role as the Group flagship incubator across trading, mining services, logistics, infrastructure and new-energy platforms provides durable optionality. Building and scaling asset-intensive platforms enables cross-selling, phased capital deployment, and value realization via transfers or spin-offs, supporting diversified long-term growth beyond single-commodity cycles.
Negative Factors
Weak Cash Generation
The reversal to negative operating cash flow and deeply negative free cash flow in FY2026 is a structural concern for an asset-heavy builder. Persistent weak cash generation undermines the ability to self-fund capex and working-capital needs, raises reliance on external financing, and heightens execution and funding risk across multi-year infrastructure projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform / Incubator Model
Adani Enterprises’ role as the Group flagship incubator across trading, mining services, logistics, infrastructure and new-energy platforms provides durable optionality. Building and scaling asset-intensive platforms enables cross-selling, phased capital deployment, and value realization via transfers or spin-offs, supporting diversified long-term growth beyond single-commodity cycles.
Read all positive factors
Adani Enterprises Limited (ADANIENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.51T
Dividend Yield0.06%
Average Volume (3M)75.01K
Price to Earnings (P/E)23.2
Beta (1Y)1.24
Revenue Growth2.63%
EPS Growth30.26%
CountryIN
Employees8,676
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)67.21
Shares Outstanding1,291,893,200
10 Day Avg. Volume34,871
30 Day Avg. Volume75,012
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.68
Price to Sales (P/S)2.16
P/FCF Ratio-6.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)40.5
Revenue Forecast (FY)₹1.32T
Adani Enterprises Limited Business Overview & Revenue Model
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 bu...
How the Company Makes Money
Adani Enterprises makes money through multiple business lines that combine trading/marketing income with infrastructure and services revenue. Key revenue streams typically include: (1) Integrated Resource Management (IRM): revenue from sourcing, i...
Adani Enterprises Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 930.24B | 1.00T | 978.95B | 964.21B | 1.28T | 694.20B |
| Gross Profit | 429.38B | 365.66B | 465.25B | 460.30B | 340.53B | 157.03B |
| EBITDA | 164.97B | 139.89B | 135.37B | 108.81B | 84.74B | 36.88B |
| Net Income | 78.36B | 93.39B | 70.99B | 32.41B | 24.73B | 7.77B |
Balance Sheet | ||||||
| Total Assets | 2.21T | 2.62T | 1.98T | 1.61T | 1.41T | 1.02T |
| Cash, Cash Equivalents and Short-Term Investments | 120.69B | 143.16B | 92.18B | 45.48B | 80.25B | 18.60B |
| Total Debt | 1.09T | 1.07T | 918.19B | 653.10B | 532.00B | 416.04B |
| Total Liabilities | 1.60T | 1.72T | 1.42T | 1.17T | 1.04T | 748.32B |
| Stockholders Equity | 540.56B | 809.26B | 503.14B | 390.76B | 330.51B | 222.57B |
Cash Flow | ||||||
| Free Cash Flow | -124.52B | -350.72B | -246.10B | -120.54B | 29.02B | -102.62B |
| Operating Cash Flow | 6.28B | -17.03B | 45.61B | 102.64B | 176.26B | 13.85B |
| Investing Cash Flow | -127.50B | -283.29B | -262.59B | -190.82B | -168.60B | -174.87B |
| Financing Cash Flow | 130.58B | 324.35B | 219.47B | 88.79B | -11.98B | 159.01B |
Adani Enterprises Limited Technical Analysis
Positive
2280.50
Price Trends
2218.78
Positive
2190.42
Positive
2264.78
Positive
Market Momentum
140.37
Negative
72.17
Negative
76.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIENT, the sentiment is Positive. The current price of 2280.5 is below the 20-day moving average (MA) of 2535.82, above the 50-day MA of 2218.78, and above the 200-day MA of 2264.78, indicating a bullish trend. The MACD of 140.37 indicates Negative momentum. The RSI at 72.17 is Negative, neither overbought nor oversold. The STOCH value of 76.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ADANIENT.
Adani Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹2.81T | 6.40 | ― | 6.62% | 4.76% | -12.06% | |
77 Outperform | ₹3.65T | 7.55 | ― | 5.21% | 0.23% | -2.60% | |
73 Outperform | ₹1.97T | 4.43 | ― | 4.90% | 3.47% | 209.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹3.77T | 14.56 | ― | 2.66% | -0.38% | 15.48% | |
65 Neutral | ₹4.23T | 18.08 | ― | ― | -1.75% | -0.85% | |
61 Neutral | ₹3.51T | 23.25 | ― | 0.06% | 2.63% | 30.26% |
* Energy Sector Average
IN:ADANIENT
Adani Enterprises Limited
2,718.00
250.72
10.16%
IN:ADANIPOWER
Adani Power Limited
219.30
107.61
96.35%
IN:COALINDIA
Coal India Ltd.
456.45
79.92
21.23%
IN:IOC
Indian Oil Corp. Ltd.
139.50
4.86
3.61%
IN:NTPC
NTPC Limited
388.45
53.88
16.10%
IN:ONGC
Oil & Natural Gas Corp. Ltd.
290.00
56.82
24.37%
Adani Enterprises Limited Corporate Events
Adani Enterprises Publishes FY26 Earnings Call Transcript for Investors
May 7, 2026
Adani Enterprises Limited has notified stock exchanges that it has released the transcript of its earnings call discussing audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026. The company has pro...
Adani Enterprises’ FY26 Results Mark Shift to Core Infrastructure-Led Growth
Apr 30, 2026
Adani Enterprises reported consolidated EBITDA of Rs. 16,464 crore for FY26, with 80% now generated from its core infrastructure and mining services portfolio, underscoring a strategic shift toward stable, long-term contracted businesses. Total in...
Adani Enterprises pivots to core infra as FY26 EBITDA reaches Rs 16,464 crore
Apr 30, 2026
Adani Enterprises Limited reported its audited results for the quarter and fiscal year ended 31 March 2026, highlighting consolidated EBITDA of Rs. 16,464 crore and total income up 3% year-on-year to Rs. 1,02,943 crore. The company said 80% of EBI...
Adani Enterprises Files CARE-Monitored Report on Rs 24,930 Crore Rights Issue
Apr 30, 2026
Adani Enterprises Limited has submitted a Monitoring Agency Report for the quarter and year ended 31 March 2026, in line with SEBI’s disclosure regulations. The report, issued by CARE Ratings Limited and reviewed by the company’s audit...
Google, AdaniConneX and Airtel Launch Gigawatt-Scale AI Hub in Visakhapatnam
Apr 28, 2026
Google has broken ground on a major AI hub in Visakhapatnam, Andhra Pradesh, positioned as its largest investment yet in India’s digital future and a driver of economic and environmental resilience. Developed in strategic partnership with Ad...
Adani Enterprises Sets April 30 Board Meet to Approve FY26 Results and Consider Fundraising
Apr 20, 2026
Adani Enterprises has scheduled a board meeting for 30 April 2026 to review and approve its audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026, and to consider a potential dividend for FY 2025-2...
Adani Enterprises Boosts Airport-City Real Estate Push With Three New Subsidiaries
Apr 18, 2026
Adani Enterprises, via its step-down wholly owned subsidiary Adani Airport City Limited, has incorporated three new wholly owned units: Adani Navi Mumbai Airport City Limited, Adani Guwahati Airport City Limited, and Adani Ahmedabad Airport City L...
Adani Enterprises Converts 2.54 Lakh Partly Paid Rights Shares to Fully Paid Equity
Apr 6, 2026
Adani Enterprises Limited has converted a total of 2,54,053 partly paid-up rights equity shares into fully paid-up equity shares of face value ₹1.00 each, following the receipt of due call monies from shareholders. This includes 20,583 share...
Adani Enterprises’ Subsidiary Sells 50% Stake in Vishakha Industries to Promoter-Group Firm
Mar 31, 2026
Adani Enterprises said its wholly owned subsidiary Adani Agri Fresh Limited has sold its entire 50% stake in Vishakha Industries Private Limited, effective March 31, 2026. The stake sale, completed the same day the agreement was signed, fetched Rs...
Adani Enterprises Secures Tribunal-Backed Plan to Acquire Jaiprakash Associates
Mar 19, 2026
Adani Enterprises has announced that India’s National Company Law Tribunal, Allahabad Bench, has formally uploaded its order approving the company’s resolution plan to acquire Jaiprakash Associates Limited, which has been undergoing in...
Adani Enterprises Corrects Date of Defence Unit’s Share Purchase Agreement
Mar 2, 2026
Adani Enterprises has clarified an earlier stock exchange disclosure regarding a share purchase agreement executed by its wholly owned subsidiary, Adani Defence Systems Technologies Ltd, with Punj Lloyd Aviation Ltd. The company stated that the c...
Adani Defence Moves to Near-Full Ownership of Air Works With Additional Stake Buy
Mar 1, 2026
Adani Enterprises’ wholly owned subsidiary Adani Defence Systems Technologies Ltd has signed a share purchase agreement with Punj Lloyd Aviation Ltd to acquire an additional 14.2% stake in Air Works India (Engineering) Private Ltd. ADSTL al...
Adani Defence to Acquire Punj Lloyd’s Malanpur Unit via Slump Sale
Mar 1, 2026
Adani Defence Systems Technologies Ltd, a wholly owned subsidiary of Adani Enterprises, has signed a Business Transfer Agreement with Punj Lloyd Ltd for the acquisition of a defence manufacturing unit in Malanpur, Madhya Pradesh. The deal, struct...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.