Adani Enterprise Q2 FY21increased by 76% to Rs 951cr
Table of Contents
About Adani Enterprise:
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business conglomerates. AEL is a fast-growing company with a diversified business portfolio comprising integrated resources management and mining services, solar modules manufacturing as well as edible oil business. Through its efficient, competitive and profitable B2B and B2C operations, the company is enhancing access to basic services such as
electricity through timely coal supplies, helping to create a clean environment, delivering quality food grain and providing a healthy cooking medium. In doing so, Adani Enterprises is playing a key role in fostering a better future for the people.
| Symbol: ADANIENT | Industry: Trading |
| Market cap: 38,49,335.29 | Face value: 1 |
| P/E Ratio: 254.88 | Sector P/E ratio: 37.35 |
| EPS: 1.13 | Credit Rating: CARE A |
BUSINESS HIGHLIGHT Q2 FY2021
MINING SERVICES:
- Production volume at Parsa Kente mine in Chhattisgarh increased by 7% at 3.2 MMT.
- GP III mine, Chhattisgarh was commenced in Q3 FY20 and the volume was 0.2 MMT.
- Talabira II & III mine, Odisha was commenced in Q1 FY21 and the volume was 0.1 MMT.
Solar Manufacturing:
- Volume increased by 50% at 418 MW due to increased sales in Domestic Content Requirement (DCR) and Engineering Procurement and Construction (EPC) segment.
- With strong order book the company will continue to focus on these segments to have sustainable growth
Agro:
- In food business, the company has maintained its leadership position with its “Fortune” brand and continues to lead the refined edible oil market with more than 20% market share.
Roads:
- The company has signed five concession agreements with NHAI under Hybrid Annuity Model for construction of roads aggregating to 200+ KMs, two of which were signed in July 20 each one in the state of Andhra Pradesh and Madhya Pradesh.
- The project completion status in Bilaspur-Pathrapali project at Chhattisgarh is about 50%.
Airport Services:
- The company has won bids for six airports at Ahmedabad, Mangaluru, Lucknow, Trivandrum, Jaipur and Guwahati.
| VALUE AT RISK | |
| Security VaR | 22.85 |
| VaR Margin | 22.85 |
| Extreme Loss Rate | 3.50 |
| Adhoc Margin | 13.65 |
| Dept-Equity Ratio | 1.09 |
| Debt service coverage ratio | 1.32 |
| Interest service coverage ratio | 2.30 |
| Net worth | RS.3,885.41 crores |
| Net profit after tax | RS.124.82 crores |
shareholder pattern
Shareholders value increased at CAGR of 90% in last 3 years.
