Adani Enterprises

    ADANIENT
    Infra
    ₹2,477.00
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹3.35 L Cr

    P/E
    39.93
    Day range
    ₹2,462.10 – ₹2,551.10
    52-week range
    ₹1,753.00 – ₹3,245.00
    Volume
    17.87 L
    Open
    ₹2,545.00
    Prev close
    ₹2,550.00

    Latest results · Q1 FY27(consolidated)Revenue ₹32,924 Cr+49.9%Profit ₹-1,462 Cr-249.7%Margin -4.4%YoY vs the same quarter last year

    2 red flags to read up on

    • medium

      Promoter holding falling

      71.97%, down 2.00 pts since 2025-12-31 · 30 Sept 2026

    • medium

      Material exchange filing

      Clarification sought from Adani Enterprises Ltd · 29 Sept 2026

    From NSE and BSE filings. A flag is a reason to read the filing, not a rating.

    ADANIENT in NSE indices and F&O

    F&O margin for one lot of ADANIENT (309 shares)

    Research profile

    Factor percentiles

    Value32
    Quality28
    Momentum—
    Low volatility—

    Derived metrics

    Earn. yield
    2.5%
    Graham no.
    ₹490.91
    vs Graham
    -80.2%
    ROE ÷ P/B
    3.7%
    Magic Formula
    #543
    Piotroski
    2/6
    FCF yield
    -9.2%

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 188 in Infra
    Largest Infra companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Larsen & ToubroLT₹5.02 L Cr30.254.5918.3%15.0%12.0%1.15+6.7%
    Adani PortsADANIPORTS₹3.92 L Cr29.064.2116.2%14.0%58.0%0.66+18.6%
    Adani EnterprisesADANIENT₹3.35 L Cr39.934.0715.2%6.0%15.0%1.32+49.9%
    UltraTech CementULTRACEMCO₹3.25 L Cr38.094.4311.1%13.0%16.0%0.40+18.8%
    Grasim IndustriesGRASIM₹1.96 L Cr34.511.9010.2%8.0%23.0%2.20+21.4%
    InterGlobe AviationINDIGO₹1.76 L Cr19.6325.56-29.3%5.0%13.0%11.15+19.9%
    DLFDLF₹1.63 L Cr35.633.6010.0%6.0%1.8%0.01-23.3%
    Tata MotorsTMCV₹1.46 L Cr34.779.5426.0%36.0%10.0%0.25+36.3%
    Sector median₹12,817 Cr32.004.3415.0%17.0%15.0%0.18+19.8%

    Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 7d ago

    Headlines about Adani Enterprises from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    141.0
    EPS (TTM)
    ₹62.01
    Price / Book
    3.95
    ROE (FY26)
    15.2%
    ROCE (latest year)
    6%
    Dividend yield
    0.05%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    -7.6%
    Profit 3Y CAGR
    +60.2%
    Revenue YoY (Jun 2026)
    +49.9%
    Profit YoY (Jun 2026)
    -249.8%
    Operating margin
    15.0%
    Net margin
    -4.4%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    -10K Cr0 Cr10K Cr20K Cr30K Cr40K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%9%18%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • DII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-40K Cr-20K Cr0 Cr20K Cr40K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%20%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x1x2x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY18FY19FY20FY21FY22FY23FY24FY25FY26FY27₹0₹0.5₹1₹1.5

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales19,54625,05029,18025,47222,60822,84826,96621,96121,24924,82032,43932,924
    Expenses17,11621,82425,98521,76718,84219,77823,25618,65117,94221,17828,70927,905
    Operating Profit2,4303,2263,1953,7063,7663,0703,7103,3103,3073,6423,7315,019
    OPM %12%13%11%15%17%13%14%15%16%15%12%15%
    Other Income461491-1765915836484,5824754,1796,288748-2,022
    Interest1,3435971,5131,1309102,1411,7961,0351,7111,6261,6462,421
    Depreciation7577608119341,0351,0061,2361,2841,3771,3722,1031,926
    Profit before tax7912,3616962,2322,4035725,2591,4664,3986,932729-1,349
    Tax %50%19%62%26%21%103%24%39%23%20%117%16%
    Net Profit3331,9733521,7721,9892294,0159763,4145,727-167-1,462
    EPS in Rs₹1.78₹14.79₹3.53₹11.39₹13.64₹0.45₹29.74₹6.85₹24.74₹43.53₹-0.81₹-8.92

    From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days46

    -65 days since Mar 2021

    Inventory Days126

    +105 days since Mar 2021

    Days Payable185

    +43 days since Mar 2021

    Cash Conversion Cycle-13

    -3 days since Mar 2021

    Working Capital Days-45

    -14 days since Mar 2021

    Strengths, risks & growth

    Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence. [1]

    Strengths

    None flagged by the checklist.

    Risks

    • Stock is trading at 3.95 times its book value
    • Company has low interest coverage ratio.
    • Promoter holding has decreased over last quarter: -2.87%
    • Company has a low return on equity of 7.31% over last 3 years.
    • Company might be capitalizing the interest cost
    • Earnings include an other income of Rs.9,193 Cr.
    • Dividend payout has been low at 2.83% of profits over last 3 years

    Compounded Sales Growth

    10 Years
    +11%
    5 Years
    +21%
    3 Years
    -8%
    TTM
    +18%

    Compounded Profit Growth

    10 Years
    +11%
    5 Years
    +22%
    3 Years
    +3%
    TTM
    -36%

    Stock Price CAGR

    10 Years
    +50%
    5 Years
    +10%
    3 Years
    +4%
    1 Year
    +2%

    Return on Equity

    10 Years
    +7%
    5 Years
    +7%
    3 Years
    +7%
    Last Year
    +4%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter73.97%74.67%74.84%71.97%-2.87 pp
    FII11.64%10.80%8.77%10.66%+1.89 pp
    DII6.71%6.70%9.34%10.62%+1.28 pp
    Public7.66%7.84%7.06%6.75%-0.31 pp

    Filed with NSE for Sept 2026: promoters 71.97%, public 28.03% · XBRL filing

    Analysts & fund holdings

    100%
    100% recommend buy
    4 analysts cover the stock
    Valuation vs Trading Companies & Distributors
    P/E39.9 vs 41.1
    Sector P/B5.66
    Beta1.36

    Who holds the shares, quarter by quarter

    Mutual funds 6.62% (-0.11 pp)
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Jul 26
    Sept 26
    • Promoters72.0%
    • Foreign institutions10.7%
    • Mutual funds6.6%
    • Insurance3.7%
    • Other domestic institutions0.3%
    • Retail2.5%
    • Others4.2%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Aggressive Hybrid Fund0.59%2.51%+0.42 pp
    Quant Small Cap Fund0.43%4.36%+0.61 pp
    SBI Focused Fund0.42%3.04%-0.11 pp
    SBI Large & Midcap Fund0.28%2.46%+0.17 pp
    SBI ELSS Tax Saver Fund0.24%2.93%+1.31 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    2 of 6 tested

    • Return on assets positive — failed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — failed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — passed
    • Current ratio improving — passed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — failed
    • Asset turnover improving — failed
    Free cash flow
    -₹31,012 Cr
    FCF yield
    -9.2%
    Cash conversion
    0.24
    Accruals ratio
    0.029
    Net debt
    ₹1.00 L Cr
    Net debt / equity
    1.24
    EV / sales
    3.91
    Capex intensity
    33.2%
    Revenue CAGR
    20.3%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Model simulation

    30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.

    Research
    Research output, not advice. Model output for research only. Not investment advice, not a price target, and not a prediction of actual returns. Generated by a statistical model from past prices; past patterns do not determine future prices.

    Lower edge (10th percentile)

    ₹2,238.44

    -9.6%

    Upper edge (90th percentile)

    ₹2,469.1

    -0.3%

    The marker is the last close, ₹2,477. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹2,328.84 (-6.0%), which is the centre of the simulation and not an expected or target price.

    The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.

    Insider trades

    Last 12 months, market trades
    No market trades
    0 buys · ₹0
    0 sells · ₹0
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,36,000₹120 Cr3 Oct 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,00,000₹108 Cr29 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy2,50,000₹88.9 Cr29 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,00,000₹111 Cr27 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,00,000₹111 Cr27 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,25,000₹125 Cr22 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,00,000₹110 Cr22 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,00,000₹113 Cr21 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy5,00,000₹179 Cr19 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy2,25,000₹84.1 Cr19 Sept 2022
    Spitze Trade and Investment Ltd
    Promoter Group · Market Purchase
    		Buy3,50,000₹128 Cr19 Sept 2022
    Spitze Trade and Investment Ltd
    Employees/Designated Employees · Market Purchase
    		Buy5,00,000₹175 Cr14 Sept 2022

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • dividend
      ₹1.30

      Dividend - Rs 1.30 Per Share

      12 Jun 2026
      ex-date
    • rights
      Not available — not reported in this filing

      Rights 3:25 @ Premium Rs 1799/-

      17 Nov 2025
      ex-date
    • dividend
      ₹1.30

      Dividend - Rs 1.30 Per Share

      13 Jun 2025
      ex-date
    • dividend
      ₹1.30

      Dividend - Rs 1.30 Per Share

      14 Jun 2024
      ex-date
    • dividend
      ₹1.20

      Dividend - Rs 1.20 Per Share

      7 Jul 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      14 Jul 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      1 Jul 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      17 Jun 2020
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      23 Mar 2020
      ex-date
    • dividend
      ₹0.40

      Annual General Meeting/Dividend - Rs 0.40 Per Share

      29 Jul 2019
      ex-date
    • other
      Not available — not reported in this filing

      Scheme Of Arrangement

      6 Sept 2018
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend Re 0.40 Per Share

      27 Jul 2018
      ex-date
    • other
      Not available — not reported in this filing

      Scheme Of Arrangement

      5 Apr 2018
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 0.40 Per Share

      31 Jul 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      1 Aug 2016
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.40/- Per Share (Purpose Revised)

      22 Mar 2016
      ex-date
    • dividend
      ₹1.40

      Annual General Meeting/ Dividend - Rs 1.40/- Per Share

      31 Jul 2015
      ex-date
    • other
      Not available — not reported in this filing

      Scheme Of Arrangement

      3 Jun 2015
      ex-date
    • dividend
      ₹1.40

      Annual General Meeting/Dividend Rs 1.40/- Per Share

      31 Jul 2014
      ex-date
    • dividend
      ₹1.40

      Annual General Meeting And Dividend Rs.1.40 Per Share

      30 Jul 2013
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Intimation of submission of Media Release

    Board MeetingPrice-sensitive
    Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026.

    Adani Enterprises Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation of updates on Credit Rating under Reg. 30(6) of SEBI Regulations

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Intimation under Reg. 74(5) of SEBI (DP) Regulations 2018

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation for interaction with Investors / Analyst.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Issue of advertisement in newspaper regarding the reminder notice for payment of outstanding calls on partly paid up equity shares of the Company pursuant to rights issue of the Company

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

    Disclosure pursuant to Chapter XIV of SEBI master Circular dated May 22, 2024

    Others
    Rumour verification - Regulation 30(11)

    Intimation for Rumour verification under Reg 30(11)

    Others
    Board Meeting Outcome for Outcome Of Rights Issue Committee Meeting Held On Wednesday, September 30, 2026

    Outcome of Rights Issue Committee Meeting held on Wednesday, September 30, 2026

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Adani Properties Pvt Ltd & Others

    Company UpdatePrice-sensitive
    Clarification sought from Adani Enterprises Ltd

    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 ....

    Company Update
    Disclosure Under Regulation 30 Of SEBI (LODR) Reg, 2015

    Disclosure under Regulation 30 of SEBI (LODR) Reg, 2015

    Insider Trading / SAST
    Closure of Trading Window

    Intimation for Closure of Trading window

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Intimation for acquisition of 50% stake of Monvarex Aluminium Holding RSC Ltd by Adani Global Limited, a wholly owned subsidiary of the Company

    Company Update
    Disclosure Under Regulation 30 Of SEBI (LODR) Reg, 2015

    Disclosure under Reg 30 of SEBI (LODR) Reg, 2015

    Filed with BSE (scrip 512599); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    Regulatory orders

    • Adjudication order

      Adjudication Order in the matter of M/s. M/s. Adani Exports Limited (Now known as Adani Enterprises Ltd) in respect of M/s. V and S Intermediaries

      29 Sept 2011
      Read on SEBI
    • Adjudication order

      Adjudication Order in the matter of M/s. M/s. Adani Exports Limited (Now known as Adani Enterprises Ltd) in respect of M/s. Rajesh Jhaveri

      27 Sept 2011
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of ESS ESS Intermediaries Pvt. Ltd. in the matter of Adani Enterprises Ltd

      30 Dec 2010
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of Samir P Shah in the matter of Adani Enterprises Ltd

      30 Dec 2010
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of Falguni Shah in the matter of Adani Enterprises Ltd

      30 Dec 2010
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 30 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Adani Enterprises: common questions

    Answered from the figures on this page.

    Adani Enterprises last traded at ₹2,477.00 (NSE, as of 25 Oct 2026). The last session moved it down 2.86%.

    Adani Enterprises is valued at about ₹3.35 lakh crore (NSE, as of 25 Oct 2026).

    Adani Enterprises trades at a price-to-earnings ratio of 39.93 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Adani Enterprises has traded between ₹1,753.00 and ₹3,245.00 over the past 52 weeks, to 25 Oct 2026. It is currently 49% of the way up that range.

    Adani Enterprises (ADANIENT) is classified under Infra on this site's screener.