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 ₹ 83,759 Cr.
- Current Price ₹ 697
- High / Low ₹ 1,348 / 697
- Stock P/E 188
- 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 4.33 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.00%
- 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.842 Cr.
* 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 200
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 | 1,883 | |
| 0 | 23 | 208 | 785 | 841 | 848 | 881 | 765 | 742 | 716 | 1,504 | 1,817 | |
| Operating Profit | 0 | 0 | 66 | 25 | -5 | -15 | -23 | -10 | -2 | -28 | 13 | 66 |
| OPM % | 1% | 24% | 3% | -1% | -2% | -3% | -1% | -0% | -4% | 1% | 4% | |
| 0 | 1 | 147 | 799 | 775 | 802 | 796 | 679 | 701 | 615 | 995 | 842 | |
| Interest | 0 | 19 | 270 | 819 | 794 | 733 | 767 | 690 | 763 | 416 | 348 | 463 |
| 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 | 445 |
| Tax % | 0% | 0% | 21% | 0% | 21% | 0% | 0% | 0% | 0% | 10% | ||
| 0 | -18 | -57 | 4 | -25 | 42 | 6 | -21 | -65 | 170 | 595 | 445 | |
| 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 | 3.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 26% |
| TTM: | 191% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 211% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -29% |
| 1 Year: | -4% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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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Clarification On News Item Appearing In CNBCTV18
13h - Clarification on US SEC allegations against Adani directors.
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Clarification sought from Adani Energy Solutions Ltd
14h - Exchange has sought clarification from Adani Energy Solutions Ltd on November 21, 2024, with reference to news appeared in https://www.cnbctv18.com/ dated November 21, 2024 quoting …
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Announcement under Regulation 30 (LODR)-Acquisition
1d - Adani Energy Solutions acquires 100% of Pune-III Transmission Limited.
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Statement Of Deviation Or Variation For The Quarter Ended On
September 30, 2024 - Funds Raised Through QIP
13 Nov - No deviation in fund utilization for Q3 2024.
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Statement Of Deviation Or Variation For The Quarter Ended On
September 30, 2024 - Funds Raised Through QIP
13 Nov - No deviation in fund utilization for Q3 2024.
Annual reports
Concalls
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Nov 2023TranscriptPPTREC
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Aug 2023Transcript PPT
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Nov 2021TranscriptPPT
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Oct 2020TranscriptNotesPPT
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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
Service Portfolio
Power Transmission (31% of revenues): Under this segment, it owns and operates various High voltage AC transmission lines and substations of 132kV, 220kV, 400kV, and 765kV voltage levels and also High Voltage DC transmission lines and substations of +/- 500kV voltage levels.