Adani Enterprises Limited (ADANIENT)

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Adani Enterprises Limited (ADANIENT) · mywealthgrid

About

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

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.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	34,008	36,608	37,382	40,379	43,403	39,537	69,420	1,36,978	96,421	97,895	1,00,469
COGS	28,422	30,982	30,877	33,321	34,660	30,248	53,718	1,02,913	50,391	51,369	54,109
Gross profit	5,586	5,627	6,505	7,057	8,742	9,289	15,703	34,065	46,030	46,525	46,360
	4,234	3,698	3,978	4,897	6,216	6,485	11,677	25,024	34,653	31,766	32,113
	1,352	1,929	2,527	2,161	2,526	2,804	4,026	9,041	11,377	14,760	14,246
OPM %	4%	5.3%	6.8%	5.4%	5.8%	7.1%	5.8%	6.6%	11.8%	15.1%	14.2%
Depreciation	—	315	725	390	472	537	1,248	2,436	3,042	4,211	6,135
Interest	1,357	1,257	1,306	1,625	1,572	1,377	2,526	3,970	4,555	5,978	6,019
	1,122	734	305	505	882	495	1,013	828	1,146	6,403	11,690
Profit before tax	—	—	801	650	1,364	1,385	1,264	3,463	4,967	10,974	13,782
Tax	78	271	207	145	324	340	477	1,041	1,632	2,969	3,831
Tax %	—	—	25.8%	22.2%	23.8%	24.5%	37.7%	30.1%	32.9%	27.1%	27.8%
	1,000	925	594	506	1,040	1,046	788	2,422	3,335	8,005	9,951
PAT margin %	2.9%	2.5%	1.6%	1.3%	2.4%	2.7%	1.1%	1.8%	3.5%	8.2%	9.9%
EPS (₹)	9.2	—	6.9	5.7	10.4	8.4	7.1	21.8	27.2	60.6	75.7
EPS adjusted (₹)	9.2	8.4	6.9	6.5	10.4	-6.5	7.1	21.7	28.4	61.5	72.3
	4.4%	—	5.8%	7%	9.7%	11.9%	14.2%	5.5%	4.8%	2.1%	1.7%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	110	110	110	110	110	110	110	114	114	115	129
Reserves	11,928	14,026	14,979	14,646	16,837	17,049	22,147	32,937	38,962	50,199	80,797
Minority interest	98	562	778	388	1,263	1,751	4,672	4,839	5,110	6,156	8,252
	18,979	19,853	16,872	9,951	11,653	16,051	41,024	38,320	50,124	76,236	1,13,702
	10,494	13,138	23,755	17,441	17,036	16,681	33,808	65,278	66,422	65,429	58,720
Total equity & liabilities	41,610	47,689	56,495	42,536	46,898	51,643	1,01,760	1,41,488	1,60,732	1,98,136	2,61,600
	7,553	13,631	10,519	8,998	—	10,806	30,076	56,813	65,738	77,038	1,14,890
CWIP	5,278	7,731	5,526	5,765	7,231	8,686	19,564	17,699	21,931	31,857	28,815
Investments	714	1,042	1,461	1,511	1,952	5,534	4,339	6,378	8,941	10,109	9,712
	28,065	25,285	38,989	26,262	37,715	26,616	47,781	60,598	64,122	79,132	1,08,183
Total assets	41,610	47,689	56,495	42,536	46,898	51,643	1,01,760	1,41,488	1,60,732	1,98,136	2,61,600

Segment results

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.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Integrated Resources Management	28,362.46	2,205.49	4,667.49	7,726.69	—	—
New Energy Ecosystem	15,399	3,609

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.5%	20.1%	23.5%	22.6%	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.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.61%	72.61%	72.61%	74.72%	74.89%	73.97%	73.97%	73.97%	73.97%	73.97%	74.67%	74.84%
	14.53%	14.65%	14.41%	11.74%	11.3%	11.73%	11.71%	11.54%	11.72%	11.65%	10.8%	8.77%
	5.65%	5.44%	5.77%	6.02%	6.45%	6.61%	6.86%	7.04%	6.83%	6.72%	6.7%	9.33%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	7.21%	7.3%	7.21%	7.52%	7.36%	7.69%	7.46%	7.45%	7.48%	7.66%	7.83%	7.06%
No. of shareholders	—	—	—	—	—	—	—	—	6,18,413	6,42,614	6,64,882	5,96,414

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

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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
Jatin JalundhwalaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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
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

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

20

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
2	0	0	₹147.5	2,900

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

117

across 19 fund houses

Held by these funds

3.87%

of the company's equity

All mutual funds

5.4%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

117 schemes · 19 fund houses

		Shares
Aggressive Hybrid FundNEW	SBI Mutual Fund	74.61 L	2,133.14	2.41%	0.574%	—
Nifty 50 ETF	SBI Mutual Fund	55.97 L	1,600.33	0.75%	0.43%	+29,427
Focused Fund	SBI Mutual Fund	49 L	1,400.96	2.73%	0.377%	-0
ELSS Tax Saver Fund	SBI Mutual Fund	34.34 L	981.9	3.09%	0.264%	-0
Large and Midcap Fund	SBI Mutual Fund	34.27 L	979.77	2.31%	0.263%	-0
MultiCap Fund	SBI Mutual Fund	29.48 L	842.79	3.44%	0.227%	-0
Large Cap Fund	SBI Mutual Fund	29.1 L	832	1.51%	0.224%	-0
Arbitrage FundNEW	SBI Mutual Fund	22.71 L	649.34	1.37%	0.175%	—

1–8 of 117

1 / 15

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

19

Final dividend12 Jun 2026 · ex-date₹1.3
Final dividend13 Jun 2025 · ex-date₹1.3
Final dividend14 Jun 2024 · ex-date₹1.3
Dividend dividend7 Jul 2023 · ex-date₹1.2
Final dividend14 Jul 2022 · ex-date₹1
Dividend dividend1 Jul 2021 · ex-date₹1
Interim dividend23 Mar 2020 · ex-date₹1
Final dividend29 Jul 2019 · ex-date₹0.4
Final dividend27 Jul 2018 · ex-date₹0.4
Dividend dividend31 Jul 2017 · ex-date₹0.4
Interim dividend22 Mar 2016 · ex-date₹0.4
Final dividend31 Jul 2015 · ex-date₹1.4
Dividend dividend31 Jul 2014 · ex-date₹1.4
Dividend dividend30 Jul 2013 · ex-date₹1.4
Dividend dividend2 Aug 2012 · ex-date₹1
Dividend dividend3 Aug 2011 · ex-date₹1
Dividend dividend12 Aug 2010 · ex-date₹1
Dividend dividend20 Aug 2009 · ex-date₹1
Final dividend18 Sept 2008 · ex-date₹0.6

1

Board meeting to consider results29 Jul 2026

1

Bonus 1:110 Dec 2009 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

45 announcementsExport CSV

1 Oct 2026, 4:09 pmOthers

Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017) PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.5%	20.1%	23.5%	22.6%	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%

Calls	Strike	Puts
2	0	0	₹147.5	2,900

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Adani Enterprises LimitedADANIENTADANIENT	₹3,66,438 Cr	₹4,80,139 Cr	₹1,11,431 Cr	₹15,698 Cr	13.9%	₹7,445 Cr	9.9%	5.8%	14.2%	35
Lloyds Enterprises LimitedLLOYDSENTLLOYDSENT	₹11,900 Cr	₹12,623 Cr	₹1,988 Cr	₹182 Cr	6.6%	₹-381 Cr	23.7%	10.6%	8.6%	160
Sg Mart LimitedSGMARTSGMART	₹9,352 Cr	₹9,583 Cr	₹6,480 Cr	₹160 Cr	2.2%	₹124 Cr	1.8%	11.9%	7%	10
Bmw Ventures LimitedBMWVENTLTDBMWVENTLTD	₹441 Cr	₹699 Cr	₹2,403 Cr	₹84 Cr	3.6%	₹40 Cr	1.7%	23%	11.5%	93
Starlineps Enterprises LtdSTARLENTSTARLENT	₹339 Cr	₹343 Cr	₹97 Cr	₹6 Cr	6.1%	₹1 Cr	1.2%	7.2%	1.1%	120
Abans Enterprises LimitedABANSENTABANSENT	₹193 Cr	₹348 Cr	₹13,813 Cr	₹-5 Cr	-0%	₹4 Cr	0%	8.5%	1.9%	4
Emergent Industrial Solutions LtdEMERGENTEMERGENT	₹183 Cr	₹183 Cr	₹432 Cr	₹1 Cr	0.2%	₹1 Cr	0.3%	11.2%	4.6%	15
La Tim Metal & Industries LtdLATIMMETALLATIMMETAL	₹133 Cr	₹184 Cr	₹390 Cr	₹16 Cr	4%	₹-7 Cr	2.1%	23.6%	15.5%	82
Bonlon Industries LimitedBONLONBONLON	₹66 Cr	₹104 Cr	₹651 Cr	₹6 Cr	1%	₹3 Cr	0.4%	6.6%	2.9%	24
RR MetalMakers India LtdRRMETALRRMETAL	₹39 Cr	₹52 Cr	₹52 Cr	₹5 Cr	0.2%	₹2 Cr	-0.8%	3.1%	-7.6%	39
Ashoka Metcast LimitedASHOKAMETASHOKAMET	₹36 Cr	₹94 Cr	₹26 Cr	₹5 Cr	23.4%	₹13 Cr	39%	10%	9.3%	1,369
Chennai Ferrous Industries LtdCHENFERROCHENFERRO	₹25 Cr	₹25 Cr	₹46 Cr	₹6 Cr	0.9%	₹5 Cr	2.6%	3.5%	6.3%	-7

Date	Category	Subject	Filing
1 Oct 2026, 4:09 pm	Others Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)	Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)	PDF
1 Oct 2026, 3:06 pm	Others	Rumour verification - Regulation 30(11)	PDF
30 Sept 2026, 5:04 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Rights Issue Committee Meeting Held On Wednesday, September 30, 2026	PDF
30 Sept 2026, 11:05 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
29 Sept 2026, 4:11 pm	Company Update Clarification	Clarification sought from Adani Enterprises Ltd	—
29 Sept 2026, 8:47 am	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) Reg, 2015	PDF
22 Sept 2026, 7:39 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) Reg, 2015	PDF
22 Sept 2026, 1:58 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	774	2,932	4,094	1,385	17,626	10,311	4,530	2,357
	-1,229	-7,696	-7,902	-17,487	-16,860	-19,082	-26,259	-28,438
	716	5,120	3,059	15,901	-1,198	8,879	21,947	28,484
Net cash flow	30	413	-750	-201	-431	107	219	2,403
Free cash flow	—	—	-45	-10,262	2,902	-12,055	-24,641	-31,012
CFO / Operating profit %	40.1%	127%	163.4%	37.3%	199.7%	90.6%	31.8%	16.9%

Adani Enterprises Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain20

Fund holders

Documents

Announcements

Events

Dividends19

Board meetings1

Bonus issues1

Announcements

Dividends19

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain20

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Airport · revenue

3

20

19

1

1

19

1

1

3

20