Adani Enterprises Limited
NSE: ADANIENT · Metals & Minerals Trading · sector
₹2,508.00NSE close 2026-10-26
Key numbers
Market cap₹3,26,441 cr
Price₹2,508.00
52w high / low₹3,245 / ₹1,753
P/E39.5xSector median 41.6x
P/B4.0xSector median 2.9x
Book value₹621.7
Dividend yield0.04%Sector median 0.04%
ROE11.3%Sector median 6.0%
ROCE9.3%Sector median 5.0%
OPM20.0%Sector median 10.0%
Debt / equity1.41xSector median 0.71x
EV/EBITDA19.1xSector median 1,000.2x
Interest cover2.5x
Current ratio1.03x
Sales growth 3y-9.8%Sector median +29.9%
Profit growth 3y+55.7%Sector median +39.1%
PEG0.76x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 2 companies in Metals & Minerals Trading (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹14,316 cr vs borrowings ₹1,13,702 cr (FY26): borrowings are higher by ₹99,386 cr.
- Borrowings rose in each of the last 3 years (₹38,320 cr → ₹1,13,702 cr).
- Operating profit covered interest 2.5x in the last 12 months.
- 0.79% of the promoters' shares are pledged (0.6% of all shares).
- Promoter holding fell by 2.00 percentage points in a year, to 71.97% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,508.00 on 2026-10-26: -22.7% from the 52-week high, +43.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,160.70 · low ₹1,833.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22,608 | 22,848 | 26,966 | 21,961 | 21,249 | 24,820 | 32,439 | 32,924 |
| EBITDA | 3,766 | 3,070 | 5,023 | 3,310 | 6,890 | 9,274 | 3,731 | 2,375 |
| OPM % | 16.7% | 13.4% | 18.6% | 15.1% | 32.4% | 37.4% | 11.5% | 7.2% |
| Other income | 588 | 652 | 636 | 475 | 596 | 656 | 748 | 622 |
| Net profit | 1,742 | 58 | 3,845 | 734 | 3,199 | 5,627 | -221 | -1,160 |
| EPS (₹) | 14.82 | 0.04 | 32.98 | 6.02 | 27.38 | 46.78 | -1.71 | -8.91 |
| Revenue YoY | -6.0% | +8.6% | +20.3% | +49.9% | ||||
| Profit YoY | +83.7% | +9,628.6% | -105.7% | -258.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 69,420 | 1,36,978 | 96,421 | 97,895 | 1,00,469 | 1,11,431 |
| EBITDA | 3,713 | 8,459 | 10,661 | 18,198 | 23,204 | 22,269 |
| Net profit | 777 | 2,473 | 3,241 | 7,099 | 9,339 | 7,445 |
| EPS (₹) | 7.06 | 21.78 | 27.24 | 60.55 | 75.66 | 63.54 |
| Revenue growth | +97.3% | -29.6% | +1.5% | +2.6% | +18.1% | |
| Profit growth | +218.4% | +31.0% | +119.1% | +31.6% | +16.7% | |
| Dividend / share (₹) | 1.00 | 1.00 | 1.20 | 1.30 | 1.30 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -9.8% | +20.5% | +18.1% |
| Net profit | +55.7% | – | +16.7% |
| EPS | +51.5% | +55.2% | – |
| Share price | – | -6.0% (2y) | +1.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 33,051 | 39,076 | 50,314 | 80,926 |
| Borrowings | – | 38,320 | 50,124 | 76,236 | 1,13,702 |
| Cash & equivalents | – | 5,539 | 8,523 | 9,218 | 14,316 |
| Total assets | – | 1,41,488 | 1,60,732 | 1,98,136 | 2,61,600 |
| Fixed assets | – | 34,988 | 58,699 | 67,155 | 98,374 |
| Capital work in progress | – | 17,699 | 21,931 | 31,857 | 28,815 |
| Investments | – | 6,145 | 171 | 234 | 216 |
| Receivables | – | 12,553 | 9,793 | 9,616 | 12,543 |
| Inventory | – | 6,918 | 9,487 | 10,287 | 18,713 |
| Payables | – | 28,547 | 24,669 | 20,868 | 20,290 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,385 | 17,626 | 10,311 | 4,530 | 2,357 |
| Cash from investing | -17,487 | -16,860 | -19,082 | -26,259 | -28,438 |
| Cash from financing | 15,901 | -1,198 | 8,879 | 21,947 | 28,484 |
| Capex | 11,647 | 14,725 | 22,366 | 29,171 | 33,369 |
| Free cash flow | -10,262 | 2,902 | -12,055 | -24,641 | -31,012 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.5% | 8.3% | 14.1% | 11.5% |
| ROCE % | – | 10.1% | 10.6% | 13.0% | 10.0% |
| Debtor days | – | 33 | 37 | 36 | 46 |
| Inventory days | – | 25 | 69 | 73 | 126 |
| Payable days | – | 101 | 179 | 148 | 137 |
| Cash conversion cycle (days) | – | -43 | -73 | -39 | 35 |
| Working capital days | – | -21 | -29 | -25 | 7 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.97% |
| FIIs | 10.66% |
| DIIs | 10.62% |
| of which Mutual funds | 6.62% |
| of which Insurance | 3.73% |
| Government | 0.00% |
| Public (non-institutions) | 6.74% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.97% | 73.97% | 73.97% | 73.97% | 74.67% | 74.84% | 71.97% | 71.97% |
| Promoter group | % |
|---|---|
| Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust) | 47.43% |
| Adani Tradeline Private Limited | 8.89% |
| Kempas Trade And Investment Ltd | 3.06% |
| Flourishing Trade And Investment Ltd | 2.81% |
| Afro Asia Trade And Investments Limited | 2.50% |
| Worldwide Emerging Market Holding Limited | 2.50% |
| Emerging Market Investment Dmcc | 1.59% |
| Infinite Trade And Investment Ltd | 1.38% |
| Adani Infra (India) Limited | 0.92% |
| Adani Properties Private Limited | 0.39% |
| Spitze Trade And Investment Limited | 0.33% |
| Hibiscus Trade And Investment Ltd | 0.17% |
| Gautambhai Shantilal Adani | 0.00% |
| Rajeshbhai Shantilal Adani | 0.00% |
| Jeet Gautam Adani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 3.25% |
| Green Enterprises Investment Holding Rsc Limited | 2.97% |
| Sbi Aggressive Hybrid Fund | 2.69% |
| Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund | 1.82% |
| Quant Mutual Fund - Quant Small Cap Fund | 1.27% |
5,72,522 shareholders. Pledged: 0.79% of promoter shares.
Peers in Metals & Minerals Trading
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIENT | ₹3,26,441 cr | 39.5x | 4.0x | 11.3% | 9.3% | 20.0% | -9.8% | 0.04% |
| STARLENT | ₹302 cr | 43.8x | 1.8x | 0.6% | 0.8% | 0.1% | +69.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Integrated Resources Management | ₹28,362 cr | 27.5% | ₹2,206 cr | 7.8% |
| New Energy Ecosystem | ₹15,399 cr | 15.0% | ₹3,609 cr | 23.4% |
| Copper | ₹15,284 cr | 14.8% | ₹-403 cr | -2.6% |
| Other | ₹14,290 cr | 13.9% | ₹8,578 cr | 60.0% |
| Airport | ₹13,215 cr | 12.8% | ₹2,770 cr | 21.0% |
| Road | ₹6,347 cr | 6.2% | ₹680 cr | 10.7% |
| Commercial Mining | ₹5,642 cr | 5.5% | ₹-2,080 cr | -36.9% |
| Mining Services | ₹4,446 cr | 4.3% | ₹1,710 cr | 38.5% |
| Unallocable | ₹0 cr | – | ₹2,475 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 1.30 Per Share |
| 2025-11-17 | Rights | Rights 3:25 @ Premium Rs 1799/- |
| 2025-06-13 | Dividend | Dividend - Rs 1.30 Per Share |
| 2024-06-14 | Dividend | Dividend - Rs 1.30 Per Share |
| 2023-07-07 | Dividend | Dividend - Rs 1.20 Per Share |
| 2022-07-14 | Dividend | Dividend - Re 1 Per Share |
| 2021-07-01 | Dividend | Dividend - Re 1 Per Share |
| 2020-06-17 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Re 1 Per Share |
| 2019-07-29 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2018-09-06 | Restructuring | Scheme Of Arrangement |
| 2018-07-27 | Dividend | Annual General Meeting/Dividend Re 0.40 Per Share |
| 2018-04-05 | Restructuring | Scheme Of Arrangement |
| 2017-07-31 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2016-08-01 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Re 0.40/- Per Share (Purpose Revised) |
| 2015-07-31 | Dividend | Annual General Meeting/ Dividend - Rs 1.40/- Per Share |
| 2015-06-03 | Restructuring | Scheme Of Arrangement |
| 2014-07-31 | Dividend | Annual General Meeting/Dividend Rs 1.40/- Per Share |
| 2013-07-30 | Dividend | Annual General Meeting And Dividend Rs.1.40 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Integrated Resources Management: End-to-end procurement & logistics services of minerals
- New Energy Ecosystem: Integrated ecosystem for manufacturing green hydrogen (Including Solar Cells, Modules & Wind Turbine Generators)
- Copper: Copper smelting and refinery along with allied metals manufacturing
- Airport Business: Construction, operation & maintenance of Airports
- Road Business: Construction, operation & maintenance of road assets
- Commercial Mining: Commercial Mining activities
- Mining Services: Mine Development & Operations (MDO)
- Defence & Aerospace: Manufacturing and supply of Defence equipment
- Bunkering: Supply of bunker fuels to shipping vessels
| Sector | Commodities |
| Industry | Metals & Minerals Trading |
| Sub-industry | Trading - Minerals |
| Symbol | ADANIENT |
| BSE code | 512599 |
| ISIN | INE423A01024 |
| Face value | ₹1.0 |
| Incorporated | 1993-01-01 |
| Website | www.adanienterprises.com |
| Plants (India / abroad) | 44 / 7 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.