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Adani Enterprises Limited
(ADANIENT)
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Rating:51Neutral
Price Target:
₹2,525.00
▼(-14.58% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak and inconsistent cash flow (negative operating cash flow and deeply negative free cash flow) alongside a leveraged balance sheet, despite improving profitability on the income statement. Technical signals are broadly neutral, while valuation is demanding due to the high P/E with only a modest dividend yield.
Positive Factors
Revenue Growth
Renewed revenue growth indicates improving demand and operating scale across the company’s infrastructure, resources, and emerging businesses. If sustained, this expansion can support stronger earnings capacity, improve absorption of fixed costs, and provide a broader base for future investment.
Negative Factors
Weak Cash Generation
The reversal from strong operating cash flow in FY2023–FY2024 to negative cash generation raises a fundamental earnings-to-cash conversion concern. Deeply negative free cash flow can increase reliance on external funding and restrict the company’s ability to finance growth without adding financial pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Renewed revenue growth indicates improving demand and operating scale across the company’s infrastructure, resources, and emerging businesses. If sustained, this expansion can support stronger earnings capacity, improve absorption of fixed costs, and provide a broader base for future investment.
Read all positive factors
Adani Enterprises Limited (ADANIENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.37T
Dividend Yield0.05%
Average Volume (3M)66.44K
Price to Earnings (P/E)39.0
Beta (1Y)1.38
Revenue Growth18.06%
EPS Growth17.23%
CountryIN
Employees8,676
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)63.87
Shares Outstanding1,353,430,200
10 Day Avg. Volume56,145
30 Day Avg. Volume66,443
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.68
Price to Sales (P/S)2.16
P/FCF Ratio-6.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)62.96
Revenue Forecast (FY)₹1.43T
Adani Enterprises Limited Business Overview & Revenue Model
Company Description
Adani Enterprises Limited (ADANIENT.NS) is a highly diversified Indian conglomerate with a significant operational footprint both domestically and internationally. The company is deeply embedded across various critical sectors. In energy and resou...
How the Company Makes Money
Adani Enterprises makes money primarily through a mix of (1) operating revenues from its infrastructure and resources businesses and (2) value creation from incubating, scaling, and, in some cases, demerging or transferring businesses into other A...
Adani Enterprises Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.11T | 1.00T | 978.95B | 964.21B | 1.28T | 694.20B |
| Gross Profit | 376.90B | 365.66B | 465.25B | 460.30B | 340.53B | 157.03B |
| EBITDA | 273.13B | 268.54B | 142.78B | 114.20B | 88.58B | 37.44B |
| Net Income | 74.45B | 93.39B | 70.99B | 32.41B | 24.73B | 7.77B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.62T | 1.98T | 1.61T | 1.41T | 1.02T |
| Cash, Cash Equivalents and Short-Term Investments | 98.08B | 143.16B | 92.18B | 45.48B | 80.25B | 18.60B |
| Total Debt | 0.00 | 1.07T | 918.19B | 653.10B | 532.00B | 416.04B |
| Total Liabilities | -891.78B | 1.72T | 1.42T | 1.17T | 1.04T | 748.32B |
| Stockholders Equity | 891.78B | 809.26B | 503.14B | 390.76B | 330.51B | 222.57B |
Cash Flow | ||||||
| Free Cash Flow | -124.52B | -350.72B | -246.10B | -120.54B | 29.02B | -102.62B |
| Operating Cash Flow | 6.28B | -17.03B | 45.61B | 102.64B | 176.26B | 13.85B |
| Investing Cash Flow | -127.50B | -283.29B | -262.59B | -190.82B | -168.60B | -174.87B |
| Financing Cash Flow | 130.58B | 324.35B | 219.47B | 88.79B | -11.98B | 159.01B |
Adani Enterprises Limited Technical Analysis
Negative
2955.90
Price Trends
2874.07
Negative
2961.80
Negative
2600.19
Negative
Market Momentum
-108.21
Positive
29.68
Positive
17.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIENT, the sentiment is Negative. The current price of 2955.9 is above the 20-day moving average (MA) of 2695.58, above the 50-day MA of 2874.07, and above the 200-day MA of 2600.19, indicating a bearish trend. The MACD of -108.21 indicates Positive momentum. The RSI at 29.68 is Positive, neither overbought nor oversold. The STOCH value of 17.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ADANIENT.
Adani Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹2.46T | 7.99 | ― | 5.32% | 12.66% | -5.85% | |
70 Outperform | ₹1.86T | 5.39 | ― | 6.27% | 13.47% | 99.32% | |
62 Neutral | ₹2.94T | 10.54 | ― | 2.97% | 2.36% | 15.88% | |
62 Neutral | ₹16.24T | 21.66 | ― | 0.50% | 15.00% | -8.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹859.90B | 41.93 | ― | 0.43% | 35.37% | -10.03% | |
51 Neutral | ₹3.37T | 38.99 | ― | 0.05% | 18.06% | 17.23% |
* General Sector Average
IN:ADANIENT
Adani Enterprises Limited
2,482.00
25.65
1.04%
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392.90
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129.70
-25.11
-16.22%
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482.50
-50.24
-9.43%
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302.10
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-10.81%
IN:RELIANCE
Reliance Industries Limited
1,158.50
-338.63
-22.62%
Adani Enterprises Limited Corporate Events
Adani Enterprises Completes Postal Ballot to Confirm New Independent Director
Oct 24, 2026
Adani Enterprises Limited has reported to the stock exchanges that it has completed a postal ballot process conducted through remote e-voting for its shareholders. The exercise was undertaken in line with SEBI listing regulations, Companies Act pr...
Adani Enterprises Settles SEBI Proceedings With No Material Financial Impact
Sep 22, 2026
Adani Enterprises Limited has disclosed that the Securities and Exchange Board of India has issued a settlement order following a settlement application by the company under SEBI’s settlement regulations. The order relates to alleged past vi...
Adani Enterprises Brings Global Investors Into Airport Unit With 5.54% Stake Sale
Sep 9, 2026
Adani Enterprises Limited has entered into a shareholders’ agreement with its subsidiary Adani Airport Holdings Limited and a group of global institutional investors, including Alpha Wave, Premji Invest, Temasek and various BlackRock funds. ...
Adani Airports Secures USD 1 Billion Equity to Fund Major Expansion
Sep 9, 2026
Adani Airport Holdings Limited, a subsidiary of Adani Enterprises Limited and one of India’s largest private airport operators, has entered into binding agreements to raise about USD 1 billion (₹9,825 crore) in primary equity from a co...
Adani Enterprises Announces Scheduled Exit of Independent Director V. Subramanian in 2026
Aug 21, 2026
Adani Enterprises Limited has announced that independent director V. Subramanian will complete his second term and step down from the board at the close of business on 21 August 2026, in line with SEBI listing regulations governing independent dir...
Adani Enterprises Secures Full Control of Flight Simulation Units
Aug 4, 2026
Adani Defence Systems Technologies Limited, a wholly owned subsidiary of Adani Enterprises, has completed the acquisition of the remaining 44.6% stake in Flight Simulation Solutions Private Limited. As a result, Flight Simulation Solutions and it...
Adani Enterprises Posts Q1 FY27 Call Recording for Investors
Jul 29, 2026
Adani Enterprises Limited has notified stock exchanges that it has released the audio recording of its analysts and investors call discussing unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The call, he...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.