Adani Enterprises
- P/E
- 141.2x
- 52-week range
- 1,753 – 3,245
- ROE
- −3%
- ROCE
- 6%
- Sector
- Metals & Minerals Trading
- Industry
- Trading - Minerals
- Listed on
- NSE, BSE
About
Adani Enterprises Limited is an India-based integrated infrastructure company that operates with various businesses spanning across integrated resource management, mining services and commercial mining, new energy ecosystem, data center, airports, roads, copper, digital, food Fast-Moving Consumer Goods (FMCG) and others. Its segments include integrated resources management, mining services, commercial mining, new energy ecosystem, airport, road, and others. The Integrated Resources Management provides end-to-end procurement and logistics services. The Mining segment includes mining service contracts for nine coal blocks with a capacity of approximately 100 plus millinewton (Mn) metric tons per annum. The Airport segment is engaged in the construction, operations, and maintenance of airports. The New Energy Ecosystem provides cell and module manufacturing. The Road segment is engaged in the construction, operations, and maintenance of road assets. It also operates in duty free business.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Trading - Minerals: 3 companies →Adani Enterprises against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)141.2 against a typical 66.6: pricier than most peers (1st = cheapest).3rd of 3
- Sales growth+49.9% against a typical +49.9% from a year earlier.2nd of 3
- Profit growth−249.8% against a typical −55.7% from a year earlier.3rd of 3
- Share price, 3 months−17.7% against a typical −21.3%.1st of 3
Latest announcements
Exchange filings and their impact on the company.
- Strong operating rebound led by copper ramp plus Rs 15,000 cr QIP strengthens balance sheet despite lower headline profit.
Adani Enterprises reported Q2 FY27 consolidated revenue of Rs 37,216 cr, up 75% YoY, and PBT before exceptional items of Rs 2,002 cr, led by a sharp ramp in copper to Rs 14,772 cr. PAT was Rs 1,221 cr versus Rs 3,414 cr last year which had included a Rs 3,583 cr exceptional gain, while H1 included a Rs 2,644 cr OFAC settlement. During the quarter it completed a Rs 15,000 cr QIP at Rs 2,883 per share and signed for up to 5.54% stake sale in Adani Airport Holdings, strengthening the balance sheet for ongoing airports, copper and new-energy capex.
- Adani and Jabil signed a non-binding 50:50 MoU to make AI data-centre hardware in India, with no near-term financials.
Adani Enterprises and US-based Jabil signed a non-binding MoU on 13 October 2026 for a proposed 50:50 joint venture to manufacture AI racks, servers, networking, power and cooling equipment in India. The venture targets multi-gigawatt manufacturing capacity to serve India's 5-8 GW data-centre demand by 2030 and export markets. The JV is subject to definitive agreements and approvals, with no investment or financial terms disclosed, so near-term earnings impact is negligible but it adds hardware manufacturing to Adani's data-centre and energy strategy.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA to AA- by 2 agencies- CARE raised its rating on 7 Oct 2026. ICRA may follow.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA | Stable | 7 Oct 2026 |
| ICRA | [ICRA]AA- | Stable | 27 May 2026 |
| Acuite | — | — | 27 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Oct 2026 | ▲ Upgrade1 notch | CARE AA- → CARE AA | Medium | CARE | ₹ 30,214.92 Cr. | |
| 27 May 2026 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 26,245 Cr. | |
| 27 May 2026 | Rating action | — | — | Acuite | ₹ 2,000 Cr. | |
| 23 Dec 2025 | Reaffirmed | CARE AA- | — | CARE | ₹ 29,164.5 Cr. | |
| 22 Dec 2025 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 26,020 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 28 Oct 2026 | QIP | Allotted | ₹ 15,000 Cr. | ₹ 2,883 | −13.99% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 30 Apr 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 3 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 11 Nov 2025 | Fund Raising | Notice of the meeting of the Rights Issue Committee of the Board of Directors of Adani Enterprises Limited (the Company ) to be held on Tuesday, November 11, 2025 to consider and approve various matters in connection with the Rights Issue |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Oct 2025 | Fund Raising | To consider Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,546 | 25,050 | 29,180 | 25,472 | 22,608 | 22,848 | 26,966 | 21,961 | 21,249 | 24,820 | 32,439 | 32,924 |
| Expenses | 17,116 | 21,824 | 25,985 | 21,767 | 18,842 | 19,778 | 23,256 | 18,651 | 17,942 | 21,178 | 28,709 | 27,905 |
| Operating Profit | 2,430 | 3,226 | 3,195 | 3,706 | 3,766 | 3,070 | 3,710 | 3,310 | 3,307 | 3,642 | 3,731 | 5,019 |
| OPM % | 12% | 13% | 11% | 15% | 17% | 13% | 14% | 15% | 16% | 15% | 12% | 15% |
| Other Income | 461 | 491 | −176 | 591 | 583 | 648 | 4,582 | 475 | 4,179 | 6,288 | 748 | −2,022 |
| Interest | 1,343 | 597 | 1,513 | 1,130 | 910 | 2,141 | 1,796 | 1,035 | 1,711 | 1,626 | 1,646 | 2,421 |
| Depreciation | 757 | 760 | 811 | 934 | 1,035 | 1,006 | 1,236 | 1,284 | 1,377 | 1,372 | 2,103 | 1,926 |
| Profit before tax | 791 | 2,361 | 696 | 2,232 | 2,403 | 572 | 5,259 | 1,466 | 4,398 | 6,932 | 729 | −1,349 |
| Tax % | 50% | 19% | 62% | 26% | 21% | 103% | 24% | 39% | 23% | 20% | 117% | 16% |
| Net Profit | 333 | 1,973 | 352 | 1,772 | 1,989 | 229 | 4,015 | 976 | 3,414 | 5,727 | −167 | −1,462 |
| EPS in Rs | 1.78 | 14.79 | 3.53 | 11.39 | 13.64 | 0.45 | 29.74 | 6.85 | 24.74 | 43.53 | −0.81 | −8.92 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 21%
- 3 Years
- −8%
- TTM
- 18%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −36%
- 10 Years
- 51%
- 5 Years
- 17%
- 3 Years
- 5%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 4%
- 3 Years
- 2%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Adani Enterprises | ₹ 2,479.80 | — | 141.2x | — | −3% | — |
| Coal India | ₹ 397.75 | ₹ 2,45,123 Cr. | 8.5x | 2.2x | 28.5% | 21.1% |
| Bharat Coking Coal Ltd | ₹ 29.78 | ₹ 13,869 Cr. | 142.2x | 2.9x | — | 0.9% |
| Sindhu Trade Links | ₹ 18.53 | ₹ 2,856 Cr. | 91.7x | 2.2x | 2.5% | 11% |
| Emergent Industrial Solutions | ₹ 482.80 | ₹ 221 Cr. | 152.3x | 6.7x | 4.6% | 0.3% |
| Stratmont Industries | ₹ 51.30 | ₹ 146 Cr. | 69.8x | 5.7x | 8.5% | 1.4% |
Management
- Gautam Shantilal Adani
- Executive Chairman of the Board
- Jugeshinder Singh
- Chief Financial Officer
- Jatin Rameshchandra Jalundhwala
- Company Secretary and Compliance Officer, Joint President - Legal
- Rajesh Shantilal Adani
- Managing Director, Executive Director
- Pranav Vinod Adani
- Executive Director
- Vinay Prakash
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.