Company File · BSE 512599 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Adani Enterprises Ltd.
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE423A01024 · ADANIENT · Metals & Mining › Metals & Minerals Trading
About the business
What does Adani Enterprises do? It is the flagship of the Adani group, which uses it to start & grow new businesses. What is an incubator? A parent that builds a business until it can stand alone. Its main businesses include airports, coal mining & trading, roads, data centres & solar panel & wind turbine manufacturing. Past incubated businesses such as Adani Ports & Adani Green were later listed separately.
Price & valuation · BSE close, 19 Oct 2026
Usual 142.7×
Below its usual level
- Sales growth
- +49.9%
- Profit
- Turned to loss
- Op. margin
- 15.2%
- P/E
- 140.4×
- Usual P/E
- 142.7×
- Price/book
- 4.03×
- ROCE
- 11.6%
- ROE
- 13.7%
- Debt/equity
- 1.27×
- Promoter
- 71.97%
- Pledged
- 0.79%
The latest earnings call · Apr to Jun 2026 · transcript filed 5 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/E without one-offs 140.4× vs 142.7×), earns low returns on capital (ROCE 11.6%) and borrows ₹1.27 for every ₹1 of shareholders' money.
What you pay Valuation
Leaving out one-off items, buyers pay about ₹140 for every ₹1 the company earned per share over the last year. Below its 1-year median of 142.7×.
Leaves out one-off gains of ₹6,571 crore over the last 12 months (profit before tax & those items, taxed at 25%); P/E on reported profit 58.
Latest BSE close ÷ last four quarters' EPS without one-off items: profit before tax & exceptional items, taxed at 25%, for the company's own shareholders, on the share count behind its reported EPS. Used when one-off items come to more than a quarter of 12-month pre-tax profit. As of 19th October 2026.
The share price is 4.0 times the accounting value of each share. Above its 1-year median of 4.0×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 3.2 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 29.4 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
EPS fell 33.7% over the latest financial year vs the year before, from ₹37.06 to ₹24.57 a share without one-offs, so PEG does not apply.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹1.30 a share in the last 12 months (1 payout), 0.05% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹11.6 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
For every ₹100 of shareholders' money, the company earned about ₹13.7 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
Needs reported tax expense that reconciles with profit; not yet available for these periods.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Operating profit covered interest costs about 2 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
For every ₹1 of shareholders' money, it has borrowed ₹1.27.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 71.97% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding fell by 2.70 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202671.97%
- Mar 202674.67%
- Dec 202573.97%
Promoters have pledged 0.79% of their shares (77 lakh shares), 0.57% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.79%
- Mar 20260.80%
- Dec 20250.81%
After paying for new plant & equipment, operations left ₹-31,012 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹-31,012 Cr
- FY25₹-24,641 Cr
Each share has a face (nominal) value of ₹1. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 135.34 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. The latest results filing gives 130.16 crore. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹3,59,471 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹4,61,363 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹7,513 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹45.80 over the last year.
Sum of the last four quarters' basic EPS. Earlier quarters' EPS is restated on the latest share count after a split or bonus. As of 30th June 2026.
Each share is backed by about ₹659 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹14.1 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
It lost about ₹4.4 on every ₹100 of sales last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 49.9% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Profit turned into a loss, so a growth rate would mislead.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 1.03 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 46 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 68 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
24.5% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹0.24 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹1,01,892 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
Needs reported tax expense that reconciles.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Needs four consecutive quarters.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹15,698 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹33,369 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹1,13,702 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 10.66%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 10.62%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹3,245.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 6th July 2026.
The lowest price in the last year was ₹1,753.45.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 30th March 2026.
The share price moved 4.2% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 3% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 135.34 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Consolidated
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue from operations | 21,249 | 24,820 | 32,439 | 32,924 |
| EBITDA | 3,307 | 3,642 | 3,731 | 5,019 |
| Operating margin | 15.6% | 14.7% | 11.5% | 15.2% |
| One-off items | +3,583 | +5,632 | – | −2,644 |
| Profit after tax | 3,414 | 5,727 | -166.8 | -1,462 |
| Profit after tax without one-offs | 727.0 | 1,503 | -166.8 | 521.5 |
| Basic EPS (₹) | 27.38 | 46.78 | -1.71 | -8.91 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 19
- 13 Oct 2026Press Release / Media Release
- 7 Oct 2026Credit Rating
- 1 Oct 2026Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
Quarterly results 1
Conference calls 6
- 7 Oct 2026Analyst / Investor Meet - Intimation
- 7 Sep 2026Analyst / Investor Meet - Intimation
- 24 Aug 2026Analyst / Investor Meet - Intimation
Investor presentations 0
None in the filings we hold.
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