Adani Energy Solutions Ltd
AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is India's largest private transmission company.[1]
- Market Cap ₹ 1,03,262 Cr.
- Current Price ₹ 860
- High / Low ₹ 1,348 / 588
- Stock P/E 209
- Book Value ₹ 161
- Dividend Yield 0.00 %
- ROCE 6.94 %
- ROE 5.60 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 72.1% CAGR over last 5 years
Cons
- Stock is trading at 5.30 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 3.21% over last 3 years.
- Earnings include an other income of Rs.951 Cr.
- Promoter holding has decreased over last 3 years: -4.97%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Part of BSE 500 Nifty 200 Nifty 500 Nifty LargeMidcap 250 Nifty Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 23 | 274 | 810 | 835 | 833 | 858 | 755 | 740 | 688 | 1,517 | 1,346 | |
0 | 23 | 208 | 785 | 841 | 848 | 881 | 765 | 742 | 716 | 1,504 | 1,306 | |
Operating Profit | 0 | 0 | 66 | 25 | -5 | -15 | -23 | -10 | -2 | -28 | 13 | 40 |
OPM % | 1% | 24% | 3% | -1% | -2% | -3% | -1% | -0% | -4% | 1% | 3% | |
0 | 1 | 147 | 799 | 775 | 802 | 796 | 679 | 701 | 615 | 995 | 951 | |
Interest | 0 | 19 | 270 | 819 | 794 | 733 | 767 | 690 | 763 | 416 | 348 | 496 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | -18 | -57 | 5 | -25 | 54 | 6 | -21 | -65 | 170 | 659 | 494 |
Tax % | 0% | 0% | 21% | 0% | 21% | 0% | 0% | 0% | 0% | 10% | ||
0 | -18 | -57 | 4 | -25 | 42 | 6 | -21 | -65 | 170 | 595 | 494 | |
EPS in Rs | 0.00 | -0.16 | -0.51 | 0.04 | -0.22 | 0.39 | 0.05 | -0.19 | -0.59 | 1.53 | 5.33 | 4.22 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 26% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 72% |
3 Years: | 211% |
TTM: | -14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | -29% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 2% |
3 Years: | 3% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
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Equity Capital | 0.05 | 1,090 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,100 | 1,115 | 1,115 | 1,201 |
Reserves | 0 | -18 | 1,149 | 1,021 | 2,753 | 4,059 | 3,711 | 2,987 | 2,877 | 9,211 | 9,806 | 18,161 |
0 | 2,627 | 5,304 | 7,976 | 7,797 | 7,154 | 7,856 | 7,864 | 8,549 | 2,602 | 5,166 | 6,231 | |
0 | 12 | 68 | 683 | 597 | 498 | 268 | 234 | 141 | 38 | 308 | 706 | |
Total Liabilities | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 | 26,299 |
0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 9 | 9 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 4 | 33 |
Investments | 0 | 3,683 | 3,686 | 3,815 | 3,783 | 6,958 | 5,984 | 6,203 | 6,681 | 6,721 | 9,030 | 11,044 |
0 | 28 | 3,934 | 6,964 | 8,463 | 5,852 | 6,948 | 5,981 | 5,984 | 6,237 | 7,352 | 15,213 | |
Total Assets | 0 | 3,711 | 7,621 | 10,779 | 12,247 | 12,811 | 12,934 | 12,185 | 12,666 | 12,966 | 16,395 | 26,299 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | -11 | 57 | -15 | 50 | 23 | -17 | -22 | 3 | -15 | -209 | |
0 | -3,683 | -3,747 | -2,311 | -246 | -266 | 1,971 | 191 | 240 | -1,665 | -2,001 | |
0 | 3,694 | 3,691 | 2,325 | 703 | -234 | -1,184 | -961 | -248 | 1,681 | 2,210 | |
Net Cash Flow | 0 | 0 | 2 | -0 | 506 | -477 | 770 | -793 | -6 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | 15 | |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 412 | 102 | 50 | 13 | 4 | 41 | 0 | 0 | 1 | 15 | |
Working Capital Days | 354 | 142 | 165 | -64 | -101 | 250 | 125 | 350 | 280 | 178 | |
ROCE % | 0% | 4% | 9% | 7% | 7% | 6% | 5% | 6% | 5% | 7% |
Documents
Announcements
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Closure of Trading Window
2d - Closure of trading window until financial results announcement.
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Announcement under Regulation 30 (LODR)-Acquisition
27 Mar - Executed Share Purchase Agreement for 100% of Mahan Transmission.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Mar - Company to hold investor meetings in Sydney.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Mar - Change in Chief Digital Officer due to restructuring.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Mar - Acquisition of 100% equity shares of Mundra I Transmission Limited.
Annual reports
Concalls
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPTREC
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Sep 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Dec 2019TranscriptPPT
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Aug 2019Transcript PPT
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May 2019TranscriptPPT
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Sep 2017TranscriptPPT
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Jul 2016TranscriptNotesPPT
Business Segments
1) Power Distribution (55% in H1 FY25 vs 62% in FY22): [1] [2] The company has a power distribution network of 485 sq km, serving 12 Mn+ consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. It has applied for licenses in 3 new areas including Navi Mumbai and Kutch, near existing DISCOMs in Mumbai and Mundra SEZ, and western UP, spanning Ghaziabad to Jewar-Bulandshahr. [3] [4]