In Friday’s trading session, the shares of one of the Adani stocks specialising in developing, managing, and operating large-scale infrastructure projects jumps up to 2 percent following the acquisition of a 26 percent stake in Gidhmuri Paturia Collieries Private Limited (GPCPL).
Price action
With a market capitalization of 2,77,216 Crores on Friday, the shares of Adani Enterprises Limited rose by 1.66 percent making a high of Rs 2,446.15 compared to its previous closing price of Rs 2,400.25.
What Happened
Adani Enterprises Limited specializes in developing, managing, and operating large-scale infrastructure projects, including ports, airports, highways, and power generation.
Adani Enterprises Limited (AEL) has acquired a 26 percent stake in Gidhmuri Paturia Collieries Private Limited (GPCPL) from Sainik Mining and Allied Services Limited for the purpose of developing and operating coal and mineral mines.
AEL acquired 2,600 equity shares, each with a face value of Rs.10, constituting 26 percent of the share capital of GPCPL. Following this acquisition, GPCPL has become a wholly owned subsidiary of AEL.
About the company
Adani Enterprises Limited is one of the leading multinational conglomerates with a diversified portfolio spanning various sectors such as energy, infrastructure, logistics, and agribusiness. Established in 1993, AEL is the flagship company of the Adani Group and plays a pivotal role in driving the group’s growth and expansion.
The company specializes in developing, managing, and operating large-scale infrastructure projects, including ports, airports, highways, and power generation. It has a strong presence in the coal mining and trading sectors, along with significant investments in renewable energy, such as solar and wind power.
AEL is also involved in the aerospace and defense sectors, providing specialized services and solutions. It has made notable strides in transforming key sectors of the Indian economy, positioning itself as a global leader in the infrastructure and energy industries.
Shareholding Pattern
Adani Enterprises Limited has a well-diversified ownership structure. The promoters hold 74.89 percent of the company, Foreign Institutional Investors (FIIs) own 11.30 percent, Domestic Institutional Investors (DIIs) hold 6.45 percent and the remaining 7.35 percent is held by the public, ensuring broad market participation in the company’s equity.
Operational Performance (FY 23-24)
Adani has shown strong growth across various sectors. In its Industries Ecosystem business, the solar manufacturing segment has successfully launched India’s first large-scale monocrystalline ingot and wafer unit with a 2 GW capacity. In the airports sector, passenger traffic increased by 19 percent, reaching 88.6 million passengers across seven operational airports, compared to 74.4 million previously.
The roads business saw an 81 percent increase in construction, with 514.8 lane-kms completed, up from 284.1 lane-kms. In mining services, production volume grew by 10%, reaching 32.5 million metric tons (MMT) compared to 29.7 MMT. However, the Integrated Resource Management (IRM) business saw a slight decline, with volumes at 82.1 MMT, down from 88.1 MMT in FY 2022-23
Financials
The company’s revenue rose by 0.5 percent from Rs 23,066 crore to Rs 23,196 crore in Q2FY24-25. Meanwhile, Net profit inclined from Rs 227.82 crores to Rs 1,741.75 crore during the same period.
Key Financial ratios
Adani Enterprises Limited has an Return on Equity (RoE) of 13.31 percent and a Return on Capital Employed (RoCE) of 8.91 percent. Furthermore, the company’s debt-to-equity ratio is 1.92.
Written by Sridhar J
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