From ammunition manufacturing to developing a new energy ecosystem, Adani Enterprises Limited is now a global business company. Under the leadership of Gautam Adani, the company has ventured into Fast-Moving Consumer Goods (FMCG), commercial mining and developing infrastructure all over the country.
Over the past 1 year, the combined market capitalization of 10 Adani firms has experienced a remarkable 114% surge. The business has jumped from Rs 7.58 lakh crore in 2023 to Rs 16.22 lakh crore in February 2024. Read on to learn more about the company and revived share prices after the Hindenburg report.
Story Stages
Adani Enterprise Financial Analysis
As of February 2024, Gautam Adani’s net worth climbed $2.7 billion to $100.7 billion which has been highest since the release of the Hindenburg report. The company recorded the following results of earnings in March 2023 showing the exponential growth of the company in the past 2 years.
| Category | March 2023 | March 2022 |
| Gross Income | 67,309 cr | 26, 817 cr |
| Basic EPS | 24.57 | 9.63 |
| Total Operating Revenue | 67, 324 cr | 26,824 cr |
Adani Enterprise Price Analysis
Shares of Adani Enterprises Ltd. rose and the company witnessed a 130% surge in profit. The profit after tax (PAT) of Adani Power is Rs 18,902 crores which has made this company the most profitable. As of March ‘24 Adani Enterprise share price is Rs 3000+. Here is the Adani Enterprise share price chart:
The yearly range of the share price has been Rs 1,103.75 to Rs 3,344. The company’s EPS in 2023 stands at Rs. 22 which is higher than earnings per share of 2022 of Rs. 7.
Should One Invest in Adani Enterprise Stock?
Adani Enterprises is a stable company and the current political scenario supports the growth. There has been a stellar performance of various companies listed in the Adani group.
For example, Ambuja Cements stood out as the top performer with a surge of 1835% in consolidated net profit. The company earned Rs 987 crore as compared to Rs 51 crore in the second quarter of FY 2024.
For the same period, Adani Power witnessed an 848% hike in YoY net profits and Adani Green Energy reported a hike of 149% in net profit which eventually led to a total of 87% surge YoY. Before investing in any of the subsidiaries, research their business and performance for proper understanding.
However, staying updated is a must as the company is subject to global economic fluctuations. Also, your risk profile and preferences should match for making investment decisions.
The Bottom Line
Adani Enterprises is a firm that has made its presence felt in all sectors of the economy. The company’s motto ‘Growth with Goodness’, Adani has stabilized its position as a global market leader. Subsidiaries like Ambuja Cement, Adani Green Energy, Adani Ports and Special Economic Zones are making substantial profits.
