Adani Energy Solutions Ltd

Adani Energy Sol Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Energy Solutions Ltd

₹ 784 1.61%
15 Jan 12:35 p.m.
adanienergysolutions.com BSE: 539254 NSE: ADANIENSOL
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 94,175 Cr.
  • Current Price ₹ 784
  • High / Low ₹ 1,348 / 588
  • Stock P/E 63.5
  • Book Value ₹ 175
  • Dividend Yield 0.00 %
  • ROCE 9.00 %
  • ROE 8.59 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.8% over last 3 years.
  • Company might be capitalizing the interest cost
  • 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 Nifty LargeMidcap 250 BSE 500 BSE 200 BSE Dollex 200 Nifty Next 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,541 2,912 2,975 3,132 3,251 3,552 3,358 3,664 3,674 4,563 4,707 5,379 6,184
1,587 2,011 2,029 2,459 2,088 2,074 2,154 2,395 2,324 3,092 3,141 3,728 4,469
Operating Profit 954 901 945 673 1,164 1,478 1,203 1,269 1,350 1,471 1,566 1,651 1,715
OPM % 38% 31% 32% 22% 36% 42% 36% 35% 37% 32% 33% 31% 28%
335 424 436 653 198 230 502 108 93 262 204 -1,395 176
Interest 540 560 650 740 714 697 630 616 641 760 750 811 813
Depreciation 353 363 370 384 398 410 416 419 432 458 468 498 484
Profit before tax 396 402 362 202 250 600 660 343 370 515 552 -1,053 594
Tax % 27% 31% 35% 17% 22% 20% 33% 47% 23% 32% 31% 13% -30%
289 277 237 168 194 478 440 182 284 348 381 -1,191 773
EPS in Rs 2.48 2.43 2.09 1.67 1.85 4.26 3.49 1.57 2.47 2.91 3.24 -7.39 5.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 131 2,194 2,876 3,944 7,305 11,416 9,926 11,258 13,293 16,607 20,832
0 29 267 893 1,118 4,528 7,158 5,976 7,051 8,775 10,896 14,430
Operating Profit 0 101 1,927 1,983 2,826 2,778 4,258 3,950 4,206 4,518 5,711 6,402
OPM % 78% 88% 69% 72% 38% 37% 40% 37% 34% 34% 31%
0 3 70 22 111 336 261 1,115 1,286 1,583 611 -753
Interest 0 73 957 904 886 1,391 2,238 2,117 2,365 2,781 2,767 3,134
Depreciation 0 37 560 569 579 882 1,174 1,329 1,427 1,608 1,776 1,907
Profit before tax 0 -5 480 532 1,472 840 1,107 1,620 1,700 1,712 1,780 608
Tax % 34% 23% 22% 22% 33% 36% 20% 27% 25% 33%
0 -7 368 416 1,143 559 706 1,290 1,236 1,281 1,196 312
EPS in Rs 0.00 -0.06 3.35 3.79 10.39 5.08 6.74 11.13 10.95 11.26 10.20 4.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 19%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: -5%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: -27%
1 Year: -32%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 11%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 -7 1,572 1,847 4,957 6,943 7,399 7,819 8,813 10,634 11,526 19,784
0 9,701 8,585 8,975 10,428 20,137 24,246 27,095 29,902 34,270 37,070 39,009
0 708 489 890 781 4,379 6,966 7,219 7,650 7,913 8,827 9,113
Total Liabilities 0 11,492 11,746 12,811 17,265 32,558 39,711 43,234 47,464 53,932 58,538 69,107
0 10,573 10,060 9,853 9,291 24,412 24,924 26,987 30,272 32,645 38,920 38,186
CWIP 0 10 258 1,343 2,353 694 2,212 5,255 5,060 6,200 3,003 4,355
Investments 0 0 20 105 0 336 313 442 561 1,370 766 1,608
0 909 1,407 1,510 5,621 7,117 12,262 10,550 11,572 13,716 15,849 24,958
Total Assets 0 11,492 11,746 12,811 17,265 32,558 39,711 43,234 47,464 53,932 58,538 69,107

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -35 1,544 2,189 2,198 2,591 5,437 3,784 4,097 3,777 6,038
0 -1,864 -816 -1,730 -3,192 -3,050 -5,643 -4,009 -3,936 -4,699 -4,943
0 1,902 -722 -455 1,589 38 1,250 -745 -235 923 -543
Net Cash Flow 0 3 6 4 596 -421 1,045 -969 -75 2 551

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1,255 30 24 24 36 32 37 35 39 34
Inventory Days
Days Payable
Cash Conversion Cycle 1,255 30 24 24 36 32 37 35 39 34
Working Capital Days -1,768 1 -9 -22 -94 54 -5 -30 1 19
ROCE % 1% 13% 12% 17% 10% 11% 11% 10% 10% 9%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
74.92% 73.87% 73.87% 74.19% 71.64% 68.27% 73.22% 73.22% 73.22% 74.95% 69.94% 69.94%
20.57% 20.01% 19.93% 19.32% 21.04% 19.65% 17.74% 17.49% 17.49% 15.53% 18.66% 17.34%
3.21% 3.43% 3.59% 3.78% 3.80% 3.82% 3.87% 3.82% 3.80% 3.97% 5.38% 5.85%
1.30% 2.70% 2.61% 2.72% 3.51% 8.26% 5.17% 5.46% 5.49% 5.54% 6.03% 6.87%
No. of Shareholders 88,9411,25,7331,27,0951,52,4323,22,8514,26,1354,21,0574,76,6264,78,1254,93,6214,50,2835,49,520

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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