TickerSutra

NSE: ADANIENT · BSE: 512599 · ISIN INE423A01024

Adani Enterprises Limited stock analysis

Adani Enterprises Limited ranks #3055 in the TickerSutra evidence-ranked universe with a score of 42/100 and 95% data confidence. The latest captured fundamentals show ROCE of 5.8%, quarterly sales growth of 49.9% and quarterly profit growth of -35.8%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE42/100

Avoid / exit review

#3055 of 5,430 ranked equities
Market capitalisation₹4,02,087.4cr
ROCE5.8%
Quarterly sales growth49.9%
Quarterly profit growth-35.8%
P/E ratio169.4×
Promoter pledge0.8%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline

Risks and constraints

  • Debt/equity is above 0.5×
  • CFO/EBITDA is below 0.6×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹69,420cr₹3,714cr₹788cr5.0%
2023₹1,27,540cr₹8,818cr₹2,422cr7.0%
2024₹96,421cr₹11,377cr₹3,335cr12.0%
2025₹97,895cr₹14,252cr₹8,005cr15.0%
2026₹1,00,469cr₹13,991cr₹9,951cr14.0%
TTM₹1,11,431cr₹15,698cr₹7,513cr14.0%
Debt / equity1.32×
CFO / EBITDA0.17×
Operating margin14.0%
Free cash flow₹-30,993cr
Sales CAGR · 3Y-7.6%
Profit CAGR · 3Y60.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts2 negative catalysts16 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Backward integrationHigh severity · 4 mentions
Positive catalyst

Adoption of cutting-edge technologies at our road monitoring centre is another measure that is helping in strengthening our operational excellence for each of our constituent businesses. Way Forward FY 2026-27 Scaling up of Operations in Airports business FY 2028-29 Optimisation of extended capacity of Adani solar business FY 2029-30 Augmentation of CSD activities in Airport business Material Topics M6 M17M11 Capital

Export market updatesHigh severity · 11 mentions
Constructive

Adani Solar's cumulative capacity will reach 10 GW of cell and 10 GW of modules by FY 2026-27. With a proven execution track record, strong customer relationships, and process-driven manufacturing, Adani Solar has positioned itself as a trusted supplier for both domestic and export markets. The Company continues to strengthen capabilities in efficiency improvement, yield enhancement, and supply chain indigenisation,

Market share gainHigh severity · 4 mentions
Positive catalyst

Impact on Value ANIL ’s integrated New Energy ecosystem is designed to unlock substantial value by enabling cost-efficient decarbonisation across hard to abate sectors. Large scale backward integration and expansion into high value derivatives, including green ammonia and methanol, strategically position ANIL for market leadership, global offtake opportunities, and sustained long-term growth. This end-to-end ecosyste

Margin expansionHigh severity · 1 mention
Positive catalyst

As one of the early adopters of TOPCon technology in India, Adani Solar reinforces its commitment to indigenous solar manufacturing. Adani Solar is well-positioned to sustain healthy growth and margin improvement, supported by: ƒ Capacity expansion ƒ Strong policy support for domestic manufacturing ƒ Clear demand visibility for solar modules Strategic Direction (FY 2029-30) ƒ Drive cost competitiveness at par with gl

Capacity expansion plansHigh severity · 23 mentions
Positive catalyst

Implications Customers accelerating decarbonisation may prefer low carbon products and services. Conversely, renewable equipment, green hydrogen and green data centers see growing demand but require capacity expansion and technological readiness. Implications Reputational damage may reduce investor confidence, impact access to capital, influence customer purchasing decisions, and create vulnerabilities in strategic p

Regulatory updatesModerate severity · 74 mentions
Constructive

Key Impacts ƒ Sea-level rise increases the risk of flooding, erosion, and permanent inundation of coastal assets, disrupting operations and damaging infrastructure ƒ Higher exposure to storm surges and saltwater intrusion can raise maintenance costs, impair utilities, and reduce asset lifespans ƒ Disruptions to ports, transport networks, and coastal supply chains may affect logistics, business continuity, and insuran

Regulatory approvalModerate severity · 9 mentions
Positive catalyst

The successful execution of NMIAL highlights AEL 's strong project management capability in delivering large, complex infrastructure assets. The Company adopted an integrated approach spanning design, engineering, procurement, construction, financing, and stakeholder coordination, enabling effective management of challenges such as land acquisition, regulatory approvals, and multi-agency dependencies. Backed by disci

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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