Adani Group stocks have experienced substantial trading discounts, with some shares falling over 50% in value, primarily due to a series of challenges that began with the Hindenburg Research report in January 2023 alleging stock manipulation and accounting fraud. The situation worsened with recent U.S. prosecutors indictments of Gautam Adani and other executives on bribery charges related to solar energy contracts. This led to widespread investor panic and massive sell-offs, affecting companies like Adani Green Energy, Adani Total Gas, and Adani Power.
The combination of ongoing investigations, governance concerns, regulatory scrutiny, and broader economic uncertainties has created a high-risk perception among investors, keeping the stock valuations depressed.
1. Adani Power Ltd
India’s largest private thermal power producer with 15,250 MW capacity. Established in 1996, it provides reliable energy through thermal and solar sources, focusing on sustainability and advanced technologies to ensure energy security.
The company reported impressive growth in FY2024, with revenue rising by 30% to Rs. 50,351 crore from Rs. 38,773 crore in FY2023. Profits more than doubled, surging by 94% to Rs. 20,829 crore compared to Rs. 10,727 crore in FY2023.
The stock is trading at Rs. 495.50, down 3.76% today and 44.68% below its 52-week high.
2. Adani Green Energy Ltd
A leading renewable energy company with 10,934 MW capacity, specialising in solar and wind projects. It drives affordable green energy solutions and supports global decarbonisation efforts as a key player in renewables.
The company achieved strong growth in FY2024, with revenue increasing by 19% to Rs. 9,220 crore from Rs. 7,776 crore in FY2023. Profits grew by 30% to Rs. 1,260 crore, up from Rs. 973 crore in FY2023.
The stock is trading at Rs. 999, down 1.29% today and 54.04% below its 52-week high.
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3. Adani Wilmar Ltd
A top edible oil brand in India, operating large-scale refineries. Jointly owned by Adani Group and Wilmar International, it offers diverse cooking oils and food products, emphasising quality, sustainability, and market growth.
The company faced a decline in FY2024, with revenue dropping 11% to Rs. 49,243 crore from Rs. 55,262 crore in FY2023. Profits fell sharply by 54% to Rs. 278 crore compared to Rs. 607 crore in FY2023.
The stock is trading at Rs. 259, up 2.84% today and 39.66% below its 52-week high.
4. Adani Total Gas Ltd
Specialises in city gas distribution across 52 regions in India. It provides clean energy solutions to millions, focusing on innovative, sustainable growth while expanding the country’s natural gas infrastructure.
The company reported modest growth in FY2024, with revenue increasing by 2% to Rs. 4,475 crore from Rs. 4,378 crore in FY2023. Profits grew by 22% to Rs. 668 crore, up from Rs. 546 crore in FY2023.
The stock is trading at Rs. 619.50, down 3.43% today and 47.94% below its 52-week high.
Written by Fazal C H
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