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Adani Enterprises Limited
(ADANIENT)
Adani Enterprises Limited (ADANIENT) vs. iShares MSCI India ETF (INDA)
Adani Enterprises Limited Business Overview & Revenue Model
Adani Enterprises Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 943.84B | 978.95B | 964.21B | 1.28T | 694.20B | 395.37B |
| Gross Profit | 457.95B | 465.25B | 460.30B | 340.53B | 157.03B | 92.89B |
| EBITDA | 126.04B | 135.37B | 108.81B | 84.74B | 36.88B | 24.72B |
| Net Income | 63.79B | 70.99B | 32.41B | 24.73B | 7.77B | 9.23B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.98T | 1.61T | 1.41T | 1.02T | 516.43B |
| Cash, Cash Equivalents and Short-Term Investments | 66.03B | 92.18B | 45.48B | 80.25B | 18.60B | 15.37B |
| Total Debt | 0.00 | 918.19B | 653.10B | 532.00B | 416.04B | 161.77B |
| Total Liabilities | -564.70B | 1.42T | 1.17T | 1.04T | 748.32B | 327.33B |
| Stockholders Equity | 564.70B | 503.14B | 390.76B | 330.51B | 222.57B | 171.59B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -246.10B | -120.54B | 29.02B | -102.62B | -454.50M |
| Operating Cash Flow | 0.00 | 45.61B | 102.64B | 176.26B | 13.85B | 40.94B |
| Investing Cash Flow | 0.00 | -262.59B | -190.82B | -168.60B | -174.87B | -79.02B |
| Financing Cash Flow | 0.00 | 219.47B | 88.79B | -11.98B | 159.01B | 31.09B |
Adani Enterprises Limited Technical Analysis
Adani Enterprises Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹2.33T | 7.46 | ― | 6.92% | -0.76% | -10.84% | |
73 Outperform | ₹3.13T | 13.18 | ― | 2.65% | 1.68% | 7.60% | |
72 Outperform | ₹3.18T | 8.82 | ― | 5.15% | 0.10% | -10.18% | |
68 Neutral | ₹2.39T | 9.37 | ― | 1.83% | -0.93% | 42.85% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹2.79T | 23.15 | ― | ― | -0.70% | -5.41% | |
61 Neutral | ₹2.79T | 43.62 | ― | 0.06% | -11.91% | 39.82% |
Adani Enterprises Limited Corporate Events
Adani Enterprises Limited has announced the incorporation of a wholly owned subsidiary, Adani Skills & Education Limited, aimed at enhancing skill development and education. This strategic move is designed to upskill Adani employees and new talent, benefiting the Adani Group and its partners by providing training, seminars, and various educational programs, thereby strengthening its position in the education and skill development sector.
Adani Enterprises Limited announced a significant change in its subsidiary structure, with Astraan Defence Limited (ADL), a wholly-owned subsidiary, allocating 49% of its equity shares to MSM Group S. R. O. This strategic move reduces Agneya Systems Limited’s stake in ADL from 100% to 51%, indicating a shift towards a joint venture model that could enhance ADL’s capabilities and market reach.
Adani Enterprises Limited announced the completion of a significant transaction involving its subsidiary, Adani Airport Holdings Limited (AAHL). AAHL has divested a 25% stake in World Plate Collective Cuisines Limited (WPCCL) to AJ Holding Limited, a UAE-based food and beverage company. This transaction, which was finalized on December 2, 2025, results in AAHL and AJ Holding holding WPCCL shares in a 75:25 ratio. The divestment is part of Adani’s strategic realignment, potentially impacting its operational focus and market positioning in the food and beverage sector.
Adani Enterprises Limited has announced the completion of its divestment of the entire stake in PT Adani Global (Indonesia) through its subsidiaries Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore). This strategic move marks the cessation of PT Adani Global and its subsidiaries as step-down subsidiaries of the company, potentially impacting its operations and market positioning by streamlining its business focus.
Adani Enterprises Limited announced that its wholly owned subsidiary, Adani Airport Holdings Limited, has taken over operational control of AGHPort Aviation Services Private Limited, making it a subsidiary of Adani Airport Holdings and a step-down subsidiary of Adani Enterprises. This strategic move is expected to enhance Adani’s positioning in the aviation sector, potentially impacting its market operations and stakeholder interests positively by expanding its airport management capabilities.
Adani Enterprises Limited has announced a meeting for its equity shareholders, scheduled for December 29, 2025, to discuss and potentially approve a Composite Scheme of Amalgamation. This scheme involves the amalgamation of several Adani group companies, including Adani Green Technology Limited, Adani Emerging Businesses Private Limited, Adani Tradecom Limited, and Adani New Industries Limited. The meeting will be conducted via video conferencing, and shareholders are provided with electronic voting options to facilitate their participation. This amalgamation is a strategic move that could streamline operations and enhance the company’s market positioning, potentially impacting stakeholders by creating a more integrated business structure.
Adani Enterprises Limited, through its joint venture AdaniConneX Private Limited, has signed a Share Purchase Agreement to acquire a 100% stake in Trade Castle Tech Park Private Limited (TCTPPL). This acquisition, valued at INR 231.34 crore, aims to bolster AdaniConneX’s infrastructure development capabilities, as TCTPPL owns a significant land parcel and holds key licenses necessary for commencing infrastructure activities. The acquisition is expected to be completed by the end of November 2025, marking a strategic move for AdaniConneX to enhance its market positioning in the infrastructure sector.
Adani Enterprises Limited has announced a significant restructuring of its shareholding in AWL Agri Business Limited. The company, through its subsidiary Adani Commodities LLP, has executed a termination agreement with Lence Pte. Ltd., a subsidiary of Wilmar International Limited, leading to the sale of 168,958,219 equity shares, representing 13% of AWL’s equity share capital, to Lence. Additionally, Adani Commodities LLP has sold another 90,977,502 equity shares, representing 7% of AWL’s equity share capital, via a Bulk Deal on the stock exchange. Following these transactions, Adani Enterprises and its affiliates have requested reclassification from ‘Promoter’ to ‘Public’ shareholder status in AWL, indicating a strategic shift in their investment approach.
Adani Enterprises Limited has announced its upcoming interactions with investors and analysts, scheduled for late November 2025. The company will host the Adani Annual Conference 2025 in Singapore and participate in the Trust’s India Debt Capital Market Summit 2025 in Mumbai. These events are significant for stakeholders as they provide insights into the company’s strategic direction and financial outlook, potentially impacting its market positioning and investor relations.
Adani Enterprises Limited announced a Rights Issue of 13,85,01,687 partly paid-up equity shares at an issue price of ₹1,800 each, raising up to ₹24,930.30 crores. This move aims to strengthen the company’s capital base and provide opportunities for eligible shareholders to increase their holdings. The Rights Issue is set in a 3-for-25 ratio for shareholders as of November 17, 2025, and has received necessary approvals from SEBI and stock exchanges. This strategic financial initiative is expected to enhance Adani Enterprises’ market position and offer significant implications for its stakeholders.
Adani Enterprises Limited has announced that its wholly owned subsidiary, Adani Airport Holdings Limited (AAHL), has executed a Share Purchase Agreement and Joint Venture Agreement with World Plate Collective Cuisines Limited (WPCCL) and AJ Holding Limited. This agreement involves the divestment of a 25% stake in WPCCL by AAHL, resulting in a new equity shareholding structure of 75:25 between AAHL and AJ Holding. The transaction is expected to streamline AAHL’s operations and potentially enhance its strategic positioning in the market.
Adani Enterprises Limited announced the signing of a Securities Purchase Agreement by its subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), with ENERGICO FZCO for the divestment of their entire stake in PT Adani Global (Indonesia). This transaction, valued at USD 125 million, is expected to be completed by November 30, 2025. The divestment will result in PT Adani Global (Indonesia) and its subsidiaries ceasing to be part of Adani Enterprises, impacting the company’s consolidated revenue and net worth by 0.83% and 1.11% respectively. This strategic move is likely to streamline Adani’s operations and potentially reallocate resources towards its core business areas.
Adani Enterprises Limited has announced the incorporation of a new subsidiary, Morsagar Bisalpur Water Limited, which will focus on infrastructure development and water resource management. This move aims to design, finance, develop, construct, operate, and maintain the Mor Sagar Artificial Reservoir and its feeder system in Rajasthan under a Hybrid Annuity Model, with Adani holding a 74% stake in the new entity. This strategic expansion into water resource management is expected to bolster Adani’s positioning in the infrastructure sector and enhance its capabilities in managing large-scale water projects, potentially benefiting stakeholders through improved resource management and infrastructure development.
Adani Enterprises Limited has announced the incorporation of a wholly owned subsidiary named Munger Sultanganj Road Limited (MSRL) in India. This new entity will focus on the development, maintenance, and management of the Ganga Path project in Bihar, which is expected to enhance the company’s infrastructure portfolio and strengthen its position in the infrastructure sector.
Adani Enterprises Limited has announced the incorporation of a new wholly-owned subsidiary, Adani Ropeways Limited, in India. This strategic move aims to develop and promote ropeway projects across the country, enhancing the company’s infrastructure portfolio. The new entity, which is yet to commence operations, will focus on providing comprehensive support for the development, construction, and maintenance of ropeway projects, potentially strengthening Adani’s position in the infrastructure sector.
Adani Enterprises Limited has announced the incorporation of a wholly owned subsidiary, Sultanganj Sabour Road Limited (SSRL), in India. This new entity will focus on constructing the Ganga Path connecting Sultanganj-Bhagalpur-Sabour Road in Bihar using a Hybrid Annuity Mode. This strategic move is expected to enhance Adani’s infrastructure capabilities and strengthen its position in the Indian market, potentially benefiting stakeholders by expanding the company’s project portfolio.
Adani Enterprises Limited announced the results of a postal ballot, which included the approval of a material modification in a related party transaction and the appointment of Mr. Bharat Kanaiyalal Sheth as an Independent Director for three years. These decisions, facilitated through an e-voting process, reflect the company’s ongoing efforts to enhance governance and strategic direction, potentially impacting its operational and market positioning.
Adani Enterprises Limited has submitted a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter and half-year ending on September 30, 2025. This submission, confirmed by their Registrar and Share Transfer Agent, MUFG Intime India Private Limited, ensures that the securities received for dematerialization have been processed correctly, maintaining compliance with regulatory standards. This move underscores Adani Enterprises’ commitment to regulatory compliance and transparency, potentially reinforcing stakeholder confidence.
Adani Enterprises Limited announced that its wholly owned subsidiary, Adani Road Transport Limited, has signed a share purchase agreement to acquire 100% stakes in Yashodhan Highways Private Limited and KN Highways Development Private Limited. This strategic move is aimed at expanding Adani’s footprint in the road transport sector, subject to regulatory approvals and customary conditions, potentially strengthening its market position and offering new opportunities for stakeholders.
Adani Enterprises Limited has launched a 100-day campaign named ‘Saksham Niveshak’ to engage shareholders in updating their KYC details and related information. This initiative aims to prevent the transfer of unpaid or unclaimed dividends to the Investor Education and Protection Fund (IEPF), aligning with the Ministry of Corporate Affairs’ directive to enhance shareholder awareness and engagement.
Adani Enterprises Limited has announced its schedule for upcoming interactions with investors and analysts, which includes the Adani Annual Conference 2025 in London and the Jefferies 4th India Forum in Gurgaon. These events are crucial for the company as they provide an opportunity to engage with stakeholders, potentially impacting its market positioning and investor relations.