Adani Enterprises Limited operates in metals and minerals trading within India's materials sector. With a market cap of ₹3.95 lakh crore and quarterly revenues around ₹32,000 crore, it is a large-scale trading entity. The company maintains stable operating margins of 11–15%, though recent profitability has been volatile.
Founded
1988
Face value
₹1
Market cap
₹3,66,438 Cr
P/E
49.2×
P/B
4.5×
Dividend yield
0.1%
ROE
14.2%
ROCE
5.8%
Debt / equity
1.41
OPM
13.9%
EPS (TTM)
₹57.6
Book value
₹626.2
52-week high
—
52-week low
—
Key insights
Company research notes and source-linked reviews
Key risks
Net profit swung from ₹5,726 Cr profit (Dec 2025) to ₹1,461 Cr loss (Jun 2026) despite maintained OPM of 15.25%, suggesting working-capital volatility or significant one-time charges; verify the source.
High leverage (D/E 1.41) amplifies downside exposure in commodity downturns typical to trading operations.
Expensive valuation at PE 53.03 leaves little room for earnings disappointment or margin compression.
As a trading business, profitability is sensitive to commodity price cycles; verify near-term price and demand outlook for metals and minerals.
Generated analysis · source review pending
Growth drivers
Quarterly revenue grew from ₹21,961 Cr (Jun 2025) to ₹32,924 Cr (Jun 2026), suggesting volume or price expansion; verify whether this trend is sustainable or cyclical.
Operating margin stability at 13.92% average (range 11–15%) across cycles indicates operational efficiency; if margins persist, profitability scales with revenue.
Commodity price recovery could expand trading margins if metals and minerals prices rise from current levels; verify price trends and sector outlook.
If recent profit losses are working-capital timing rather than structural margin compression, cash and earnings could recover in future quarters.
Generated analysis · source review pending
2,528 historical price candles were omitted because the exchange source has not been verified.
₹2,816.8-5.3%1Y
Quick read
rule-based
Pros
+Profit CAGR of 55.7% over the last 3 years
+Revenue CAGR of 20.5% over the last 5 years
+High promoter holding of 74.8% with no pledge
Cons
−Weak interest coverage of 1.7×
−Low dividend payout of 4.5% of profit
Research score
Structured signal from quality, growth, valuation and momentum.
33/100
Business quality
21
Growth
50
Valuation
29
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
Reported profit and loss, balance sheet, cash flow and growth history.
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Ratios
Annual operating, return, leverage and working-capital ratios.
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
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Events
Upcoming dates and the company’s corporate-action history.
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Announcements
Latest exchange announcements, filings and downloadable documents.
End of day 30 Sept 2026 · underlying ₹2,903.4 · volume and open interest in contracts
3
Expiry
Close
Chg
% Chg
Settlement
Open interest
Change in OI
Volume
Lot size
History
27 Oct 2026
₹2,902.5
-23.5
-0.8%
₹2,902.5
49,793
-222
4,194
309
23 Nov 2026
₹2,917.5
-15.2
-0.5%
₹2,917.5
3,160
+40
111
309
29 Dec 2026
₹2,941.2
-75.9
-2.5%
₹2,941.2
34
+34
38
309
24.9%
47.7%
47.5%
46.1%
EBITDA margin %
4.9%
5.3%
6.3%
5.4%
6.4%
11.8%
14.6%
13.9%
EBIT margin %
3.9%
4.2%
5%
3.6%
4.7%
8.6%
10.3%
7.8%
PAT margin %
1.3%
2.4%
2.7%
1.1%
1.8%
3.5%
8.2%
9.9%
Working capital
Receivable days
129
111
111
72
33
37
36
46
Inventory days
29
27
21
46
25
69
73
126
Payable days
0
124
142
120
101
179
148
137
NWC days
159
13
-10
-2
-43
-73
-39
35
Leverage
Current ratio
—
—
0.93
0.71
0.83
0.83
0.86
1.03
Debt to EBITDA
5.05
5.1
6.41
11.05
4.34
4.41
5.35
8.13
Debt to equity
0.67
0.69
0.94
1.84
1.16
1.28
1.52
1.41
Interest coverage
1.3
1.6
2
1.4
1.9
2.2
2.1
1.7
Asset turnover
0.95
0.93
0.77
0.68
0.97
0.6
0.49
0.38
Return ratios
Return on assets %
1.2%
2.2%
2%
0.8%
1.7%
2.1%
4%
3.8%
Return on capital employed %
—
—
9%
7.9%
9.8%
9.6%
9.4%
5.8%
Return on equity %
3.4%
6.1%
6.1%
3.5%
7.3%
8.5%
15.9%
12.3%
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Promoter holding up 2.23 percentage points since Sep 2023.
56 deals · 23 Sept 2021 – 25 Sept 2026
Date
Client
Type
Venue
Side
Quantity
Price
Value
25 Sept 2026
INFINITE TRADE AND INVESTMENT LTD
Block
NSE
Sell
86,00,000
₹2,905.00
₹2,498.30 Cr
25 Sept 2026
INFINITE TRADE AND INVESTMENT LTD
Bulk
NSE
Sell
86,00,000
₹2,905.00
₹2,498.30 Cr
25 Sept 2026
ADANI PROPERTIES PVT LTD
Block
NSE
Buy
51,50,000
₹2,905.00
₹1,496.08 Cr
25 Sept 2026
ADANI INFRA (INDIA) LIMITED
Block
NSE
Buy
34,50,000
₹2,905.00
₹1,002.23 Cr
5 Jun 2026
SBI MUTUAL FUND
Block
NSE
Buy
1,64,39,984
₹2,913.40
₹4,789.62 Cr
5 Jun 2026
GQG PARTNERS EMERGING MARKETS EQUITY FUND
Block
NSE
Sell
1,64,39,984
₹2,913.40
₹4,789.62 Cr
14 May 2026
SBI MUTUAL FUND
Block
NSE
Buy
58,92,423
₹2,435.60
₹1,435.16 Cr
14 May 2026
GQG PARTNERS EMERGING MARKETS EQUITY FUND
Block
NSE
Sell
58,92,423
₹2,435.60
₹1,435.16 Cr
18 Nov 2025
GQG PARTNERS INTERNATIONAL EQUITY CIT
Block
NSE
Buy
25,88,090
₹2,462.00
₹637.19 Cr
18 Nov 2025
RELIANCE TRUST INSTITUTIONAL RETIREMENT TRUST SERIES ELEVEN
Block
NSE
Sell
25,88,090
₹2,462.00
₹637.19 Cr
1–10 of 56
1 / 6
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. Gautam S. AdaniExecutive Director-Chairperson related to Promoter
Mr. Rajesh S. AdaniExecutive Director-MD
Mr. Pranav V. AdaniExecutive Director
Mr. Vinay PrakashExecutive Director
Mr. V. SubramanianNon-Executive - Independent Director
Mrs. Vijaylaxmi JoshiNon-Executive - Independent Director
Mr. Omkar GoswamiNon-Executive - Independent Director
Mr. Bharat Kanaiyalal ShethNon-Executive - Independent Director
Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
The Exchange has sought clarification from Adani Enterprises Ltd on September 29, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 29, 2026 quoting ....29 Sept 2026 · Clarification
Conversion Of Partly Paid-Up Rights Equity Shares Into Fully Paid-Up Equity Shares In Relation To The Rights Issue ('Rights Issue') By Adani Enterprises Limited (The 'Company'), Upon Receipt Of The Call Monies, As Applicable
Conversion Of Partly Paid-Up Rights Equity Shares Into Fully Paid-Up Equity Shares In Relation To The Rights Issue ('Rights Issue') By Adani Enterprises Limited (The 'Company'), Upon Receipt Of The Call Monies, As Applicable
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.