Adani Enterprises Ltd (ADANIENT) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.30%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 10.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: -3.4%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹2,619.49

200-Day DMA ● Overlay

₹2,429.48

14-Day RSI ● Overlay

53.1 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹3.81 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

161.0x

Price / EPS

Book Value (₹) Assets

₹627.0

P/B: 4.5x

ROE (%) Quality

-3.4%

Net Profit / Equity

ROCE (%) Efficiency

5.8%

EBIT / Capital

Dividend Yield Yield

0.05%

Face Value: ₹10

Debt / Equity Solvency

1.32x

Manageable

EPS (TTM) Per Share

₹17.50

Trailing 12M

OPM (%) Spread

14.0%

EBITDA Margin

Free Cash Flow Cash

-₹30,993 Cr

CFO - Capex

About Adani Enterprises Ltd

Adani Enterprises is the flagship incubator company of the Adani Group, focusing on energy, infrastructure, roads, airports, and data centers.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.1% × Turnover: 0.85x × Leverage: 2.32x = ROE: -3.38%

✓ Company Strengths (Pros)

• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.32x.
• Commanding an elevated valuation multiple with P/E at 161.0x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹1.11 Lakh Cr

Latest PAT

₹7,513 Cr

EPS (TTM)

₹17.50

OPM %

14.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹22,644 Cr	₹19,546 Cr	₹25,050 Cr	₹29,180 Cr	₹25,472 Cr	₹22,608 Cr	₹22,848 Cr	₹26,966 Cr	₹21,961 Cr	₹21,249 Cr	₹24,820 Cr	₹32,439 Cr	₹32,924 Cr
Operating Profit (EBITDA)	₹2,525 Cr	₹2,430 Cr	₹3,226 Cr	₹3,195 Cr	₹3,706 Cr	₹3,766 Cr	₹3,070 Cr	₹3,710 Cr	₹3,310 Cr	₹3,307 Cr	₹3,642 Cr	₹3,731 Cr	₹5,019 Cr
OPM %	11.0%	12.0%	13.0%	11.0%	15.0%	17.0%	13.0%	14.0%	15.0%	16.0%	15.0%	12.0%	15.0%
Interest Expense	₹1,103 Cr	₹1,343 Cr	₹597.00 Cr	₹1,513 Cr	₹1,130 Cr	₹910.00 Cr	₹2,141 Cr	₹1,796 Cr	₹1,035 Cr	₹1,711 Cr	₹1,626 Cr	₹1,646 Cr	₹2,421 Cr
Depreciation	₹714.00 Cr	₹757.00 Cr	₹760.00 Cr	₹811.00 Cr	₹934.00 Cr	₹1,035 Cr	₹1,006 Cr	₹1,236 Cr	₹1,284 Cr	₹1,377 Cr	₹1,372 Cr	₹2,103 Cr	₹1,926 Cr
Profit before Tax (PBT)	₹1,079 Cr	₹791.00 Cr	₹2,361 Cr	₹696.00 Cr	₹2,232 Cr	₹2,403 Cr	₹572.00 Cr	₹5,259 Cr	₹1,466 Cr	₹4,398 Cr	₹6,932 Cr	₹729.00 Cr	-₹1,349 Cr
Net Profit (PAT)	₹677.00 Cr	₹333.00 Cr	₹1,973 Cr	₹352.00 Cr	₹1,772 Cr	₹1,989 Cr	₹229.00 Cr	₹4,015 Cr	₹976.00 Cr	₹3,414 Cr	₹5,727 Cr	-₹167.00 Cr	-₹1,462 Cr
EPS in ₹	₹5.28	₹1.78	₹14.79	₹3.53	₹11.39	₹13.64	₹0.45	₹29.74	₹6.85	₹24.74	₹43.53	₹-0.81	₹-8.92

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹64,465 Cr	₹34,008 Cr	₹36,533 Cr	₹35,924 Cr	₹40,379 Cr	₹43,403 Cr	₹39,537 Cr	₹69,420 Cr	₹1.28 Lakh Cr	₹96,421 Cr	₹97,895 Cr	₹1.00 Lakh Cr	₹1.11 Lakh Cr
Expenses	₹52,015 Cr	₹32,325 Cr	₹34,631 Cr	₹33,886 Cr	₹38,409 Cr	₹41,108 Cr	₹37,031 Cr	₹65,707 Cr	₹1.19 Lakh Cr	₹85,044 Cr	₹83,643 Cr	₹86,478 Cr	₹95,733 Cr
Operating Profit	₹12,450 Cr	₹1,684 Cr	₹1,902 Cr	₹2,038 Cr	₹1,969 Cr	₹2,294 Cr	₹2,506 Cr	₹3,714 Cr	₹8,818 Cr	₹11,377 Cr	₹14,252 Cr	₹13,991 Cr	₹15,698 Cr
OPM %	19%	5%	5%	6%	4.9%	5%	6%	5%	7%	12%	15%	14%	14%
Interest	₹7,056 Cr	₹1,357 Cr	₹1,257 Cr	₹1,250 Cr	₹1,625 Cr	₹1,572 Cr	₹1,377 Cr	₹2,526 Cr	₹3,969 Cr	₹4,555 Cr	₹5,978 Cr	₹6,019 Cr	₹7,405 Cr
Depreciation	₹3,522 Cr	₹314.00 Cr	₹315.00 Cr	₹664.00 Cr	₹390.00 Cr	₹472.00 Cr	₹537.00 Cr	₹1,248 Cr	₹2,436 Cr	₹3,042 Cr	₹4,211 Cr	₹6,135 Cr	₹6,777 Cr
Profit before Tax	₹2,663 Cr	₹1,056 Cr	₹1,079 Cr	₹487.00 Cr	₹459.00 Cr	₹1,122 Cr	₹1,086 Cr	₹952.00 Cr	₹3,247 Cr	₹4,926 Cr	₹10,466 Cr	₹13,525 Cr	₹10,709 Cr
Net Profit	₹2,298 Cr	₹1,000 Cr	₹925.00 Cr	₹594.00 Cr	₹506.00 Cr	₹1,040 Cr	₹1,046 Cr	₹788.00 Cr	₹2,422 Cr	₹3,335 Cr	₹8,005 Cr	₹9,951 Cr	₹7,513 Cr
EPS in Rs	15.81	8.21	8.02	6.15	5.82	9.24	7.49	6.30	19.30	25.37	55.02	72.31	58.54

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹110.00 Cr	₹114.00 Cr	₹114.00 Cr	₹115.00 Cr	₹129.00 Cr
Reserves & Surplus	₹25,618 Cr	₹13,268 Cr	₹14,026 Cr	₹14,979 Cr	₹14,646 Cr	₹16,837 Cr	₹17,049 Cr	₹22,147 Cr	₹32,937 Cr	₹38,962 Cr	₹50,199 Cr	₹80,797 Cr
Borrowings (Debt)	₹83,571 Cr	₹19,169 Cr	₹20,846 Cr	₹17,637 Cr	₹11,243 Cr	₹12,419 Cr	₹16,227 Cr	₹41,604 Cr	₹53,200 Cr	₹65,310 Cr	₹91,473 Cr	₹1.07 Lakh Cr
Total Liabilities	₹1.31 Lakh Cr	₹41,679 Cr	₹47,611 Cr	₹56,405 Cr	₹42,536 Cr	₹46,875 Cr	₹51,617 Cr	₹1.02 Lakh Cr	₹1.41 Lakh Cr	₹1.61 Lakh Cr	₹1.98 Lakh Cr	₹2.61 Lakh Cr
Fixed Assets	₹83,834 Cr	₹10,473 Cr	₹13,668 Cr	₹10,555 Cr	₹9,020 Cr	₹10,476 Cr	₹10,838 Cr	₹30,123 Cr	₹56,881 Cr	₹65,978 Cr	₹77,260 Cr	₹1.15 Lakh Cr
Total Assets	₹1.31 Lakh Cr	₹41,679 Cr	₹47,611 Cr	₹56,405 Cr	₹42,536 Cr	₹46,875 Cr	₹51,617 Cr	₹1.02 Lakh Cr	₹1.41 Lakh Cr	₹1.61 Lakh Cr	₹1.98 Lakh Cr	₹2.61 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹8,532 Cr	₹5,112 Cr	₹774.00 Cr	₹2,942 Cr	₹3,236 Cr	₹2,454 Cr	₹4,043 Cr	₹1,385 Cr	₹17,626 Cr	₹10,312 Cr	₹4,513 Cr	₹2,357 Cr
Cash from Investing (CFI)	-₹11,465 Cr	-₹1,825 Cr	-₹1,460 Cr	-₹7,649 Cr	₹2,487 Cr	-₹1,082 Cr	-₹8,611 Cr	-₹17,041 Cr	-₹15,459 Cr	-₹18,767 Cr	-₹26,417 Cr	-₹27,680 Cr
Cash from Financing (CFF)	₹3,445 Cr	-₹3,448 Cr	₹716.00 Cr	₹5,120 Cr	-₹6,158 Cr	-₹221.00 Cr	₹3,109 Cr	₹15,901 Cr	-₹1,198 Cr	₹8,879 Cr	₹22,655 Cr	₹28,484 Cr
Free Cash Flow (FCF)	-₹621.00 Cr	-₹778.00 Cr	-₹3,373 Cr	-₹4,352 Cr	₹1,471 Cr	-₹268.00 Cr	₹684.00 Cr	-₹10,260 Cr	₹2,972 Cr	-₹11,934 Cr	-₹25,002 Cr	-₹30,993 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	87	109	127	123	129	111	111	72	36	37	36	46
Inventory Days	35	17	19	28	29	27	21	46	27	69	73	126
Cash Conversion Cycle (Days)	33	57	46	47	26	11	-10	-2	-49	-73	-42	-13
ROCE %	9%	3%	7%	6%	7%	9%	8%	7%	9%	10%	9%	6%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹267.27 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹2,714.50

DCF Fair Value

₹267.27

Graham Number

₹496.87

Margin of Safety

-86.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹267.27

Premium / Overvalued (Margin: -86.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹260	₹258	₹255	₹253
10%	₹265	₹263	₹260	₹258
12%	₹270	₹267	₹265	₹263
14%	₹275	₹272	₹270	₹267

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹267	Fairly Valued
Benjamin Graham Number	₹497	Market Priced
Historical Sector P/E	₹385	Premium
EV / EBITDA Multiplier	₹2,850	In-Line
Free Cash Flow Yield Model	₹2,660	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 3/9 (Caution / High Leverage)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

3 / 9 Pass

Altman Z-Score

2.44 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.32x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 14.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

71.97%

FIIs (Foreign)

10.51%

DIIs (Domestic)

10.75%

Government

0.15%

Public / Retail

6.78%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Jul 2026
+ Promoters	72.61%	72.61%	74.72%	74.89%	73.97%	73.97%	73.97%	73.97%	73.97%	74.67%	74.84%	71.97%
+ FIIs (Foreign Portfolio)	14.65%	14.41%	11.73%	11.31%	11.72%	11.71%	11.55%	11.72%	11.64%	10.80%	8.77%	10.51%
+ DIIs (Mutual Funds / Insurance)	5.44%	5.77%	6.02%	6.46%	6.61%	6.86%	7.04%	6.84%	6.71%	6.70%	9.34%	10.75%
+ Public (Retail & HNIs)	7.30%	7.22%	7.53%	7.36%	7.68%	7.45%	7.44%	7.47%	7.66%	7.84%	7.06%	6.78%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Energy & Conglomerate.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

ADANIENT Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

ADANIENT Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

ADANIENT Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹3,474.56

Accelerated market share capture in Energy & Conglomerate, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹3,040.24

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 161x P/E.

🐻 Bear Case (15%) -12.0%

₹2,388.76

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Energy & Conglomerate)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:51 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Adani Enterprises Ltd (ADANIENT)	Target Stock	₹2,714.50	+0.30%	161.0x	-3.4%	5.8%	1.32	₹3.81 Lakh Cr
Reliance Industries Ltd (RELIANCE)	Oil to Chemicals, Retail & Telecom	₹1,335.40	+0.83%	21.2x	8.9%	10.3%	0.45	₹15.80 Lakh Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
Bharti Airtel Ltd (BHARTIARTL)	5G Mobile Networks & Fiber Broadband	₹2,109.00	+1.78%	34.8x	20.3%	17.6%	1.31	₹10.87 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	0.00	₹8.81 Lakh Cr
Tata Consultancy Services Ltd (TCS)	IT Services & Consulting	₹2,472.10	-0.13%	14.0x	51.8%	63.0%	0.11	₹7.51 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:51:41 IST	✓ Live Sync
Financial Statements (10Y)	Adani Enterprises Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Adani Enterprises Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Adani Enterprises Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Energy & Conglomerate)

Metric Explainer

Stock DNA Methodology

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