Adani Power Ltd

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

Adani Power Ltd

₹ 476 -9.15%
21 Nov 4:00 p.m.
adani.com BSE: 533096 NSE: ADANIPOWER
About

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. [1][2]

Key Points

Business Overview
Adani Power is a part of Adani Group. It is India’s largest private thermal power producer with a current capacity of 15210 MW at its 8 power plants. [1]

Market Position
In terms of output, the Company accounted for 6% of India’s total power generation from thermal power plants and 16% of all the power generated by private sector thermal power plants as of FY23. [2]

Website BSE NSE
  • Market Cap ₹ 1,83,648 Cr.
  • Current Price ₹ 476
  • High / Low ₹ 897 / 380
  • Stock P/E 14.5
  • Book Value ₹ 145
  • Dividend Yield 0.00 %
  • ROCE 32.2 %
  • ROE 57.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 88.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.8%
  • Debtor days have improved from 106 to 84.6 days.
  • Promoter holding has increased by 2.26% over last quarter.

Cons

* 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 Next 50 BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty100 ESG Nifty India Consumption

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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
5,184 5,361 10,598 13,723 7,044 7,764 10,242 11,006 12,991 12,991 13,364 14,956 13,339
4,020 3,590 5,366 8,003 6,096 6,295 8,335 7,491 7,819 8,346 8,514 8,761 8,063
Operating Profit 1,163 1,771 5,232 5,720 948 1,470 1,907 3,514 5,171 4,645 4,850 6,194 5,276
OPM % 22% 33% 49% 42% 13% 19% 19% 32% 40% 36% 36% 41% 40%
388 233 2,710 1,786 1,402 526 553 7,103 1,945 364 518 518 724
Interest 976 1,015 1,035 823 818 946 746 883 888 797 820 811 807
Depreciation 785 784 774 816 833 838 817 935 1,004 1,002 990 996 1,059
Profit before tax -210 204 6,133 5,866 699 212 898 8,800 5,224 3,210 3,558 4,906 4,134
Tax % 10% -7% 24% 19% 0% 96% -484% 0% -26% 15% 23% 20% 20%
-231 218 4,645 4,780 696 9 5,242 8,759 6,594 2,738 2,737 3,913 3,298
EPS in Rs -0.60 0.57 12.04 12.39 1.80 0.02 13.59 22.71 17.10 7.10 7.10 10.14 8.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,692 15,328 18,683 25,377 22,616 20,304 23,884 26,468 26,221 27,711 38,773 50,351 54,650
5,732 10,735 14,005 16,575 16,635 14,868 18,901 20,734 17,533 17,830 28,677 32,124 33,685
Operating Profit 960 4,593 4,678 8,802 5,980 5,436 4,983 5,734 8,688 9,881 10,096 18,228 20,965
OPM % 14% 30% 25% 35% 26% 27% 21% 22% 33% 36% 26% 36% 38%
215 137 1,188 -201 -3,666 754 2,448 323 1,909 3,908 4,216 9,883 2,124
Interest 1,703 4,162 4,864 5,560 5,902 5,570 5,657 5,315 5,106 4,095 3,334 3,388 3,235
Depreciation 1,290 1,937 1,818 2,666 2,672 2,699 2,751 3,006 3,202 3,118 3,304 3,931 4,046
Profit before tax -1,818 -1,370 -816 375 -6,260 -2,079 -976 -2,265 2,289 6,577 7,675 20,792 15,808
Tax % 26% -79% 0% -47% -1% -0% 1% 0% 45% 25% -40% -0%
-2,295 -291 -816 551 -6,174 -2,103 -984 -2,275 1,270 4,912 10,727 20,829 12,686
EPS in Rs -9.59 -1.01 -2.84 1.65 -16.01 -5.45 -2.55 -5.90 3.29 12.73 27.81 54.00 32.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 16%
3 Years: 24%
TTM: 30%
Compounded Profit Growth
10 Years: 60%
5 Years: 88%
3 Years: 153%
TTM: -38%
Stock Price CAGR
10 Years: 26%
5 Years: 51%
3 Years: 68%
1 Year: 23%
Return on Equity
10 Years: 26%
5 Years: 39%
3 Years: 48%
Last Year: 57%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 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 2,393 2,872 2,872 3,334 3,857 3,857 3,857 3,857 3,857 3,857 3,857 3,857 3,857
Reserves 1,900 3,671 2,853 4,134 -857 -2,968 3,855 2,624 9,256 14,600 26,019 39,288 52,097
41,795 44,150 44,742 52,729 52,484 52,835 46,980 55,199 52,519 49,145 42,350 34,616 37,705
8,599 8,045 8,008 15,597 16,027 15,804 13,293 13,346 13,175 14,379 13,596 14,248 17,125
Total Liabilities 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 92,009 110,784
29,089 46,365 45,080 56,941 54,391 52,137 50,419 55,846 52,851 53,274 51,451 63,016 71,147
CWIP 18,976 3,660 191 88 125 120 350 2,347 6,439 10,270 12,880 925 9,455
Investments 22 115 357 0 164 0 3 3 20 183 654 374 321
6,600 8,599 12,846 18,765 16,831 17,271 17,213 16,830 19,495 18,254 20,836 27,694 29,863
Total Assets 54,688 58,739 58,474 75,794 71,511 69,528 67,985 75,025 78,806 81,981 85,821 92,009 110,784

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,001 3,238 5,824 5,257 4,725 5,101 5,610 5,598 7,014 10,233 8,431 14,170
-4,064 -4,700 -4,737 -2,692 -1,212 -520 -984 -2,304 -2,188 774 1,545 3,481
861 1,631 -1,144 -2,713 -3,539 -4,600 -4,663 -2,377 -5,655 -10,338 -10,408 -16,864
Net Cash Flow -203 169 -58 -148 -26 -19 -37 917 -828 669 -433 787

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 37 68 179 124 109 131 115 165 126 109 85
Inventory Days
Days Payable
Cash Conversion Cycle 41 37 68 179 124 109 131 115 165 126 109 85
Working Capital Days -430 -131 -38 40 -5 -7 18 31 136 98 74 73
ROCE % -0% 6% 7% 11% 6% 6% 9% 7% 12% 16% 16% 32%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 70.02% 71.75% 71.75% 72.71% 74.96%
11.03% 11.31% 12.56% 13.23% 12.88% 11.70% 11.95% 17.51% 15.86% 15.91% 14.73% 12.66%
5.53% 5.56% 5.00% 0.00% 0.00% 0.01% 0.04% 0.76% 1.18% 1.41% 1.42% 1.52%
8.46% 8.15% 7.47% 11.80% 12.15% 13.32% 13.04% 11.72% 11.20% 10.93% 11.14% 10.84%
No. of Shareholders 11,42,69711,74,86315,02,71314,76,87214,88,29517,90,67516,70,03615,03,34714,60,76714,26,24917,90,38417,42,783

* 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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