Financials Adani Energy Solutions Limited Bombay S.E.

Equities

ADANIENSOL

INE931S01010

Electric Utilities

Market Closed - Bombay S.E. 06:00:49 2024-04-26 am EDT 5-day change 1st Jan Change
1,062 INR +1.09% Intraday chart for Adani Energy Solutions Limited +1.99% +1.49%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 239,099 207,919 999,067 2,604,515 1,107,740 1,185,601 - -
Enterprise Value (EV) 1 239,099 452,999 1,242,173 2,604,515 1,107,740 1,185,601 1,185,601 1,185,601
P/E ratio 94.5 x 64.3 x 101 x 266 x - - - -
Yield - - - - - - - -
Capitalization / Revenue 3.27 x 1.82 x 10.1 x 23.1 x 8.33 x 8.85 x 8.48 x 8.01 x
EV / Revenue 3.27 x 1.82 x 10.1 x 23.1 x 8.33 x 8.85 x 8.48 x 8.01 x
EV / EBITDA 8.37 x 4.63 x 23.6 x 53.3 x 19.9 x 21 x 19.2 x 17.9 x
EV / FCF 17,166,396 x 7,774,052 x -594,718,568 x -2,763,411,404 x - - - -
FCF Yield 0% 0% -0% -0% - - - -
Price to Book - 2.45 x - - - 9.31 x 8.48 x 7.75 x
Nbr of stocks (in thousands) 1,099,810 1,099,810 1,099,810 1,099,810 1,115,493 1,115,493 - -
Reference price 2 217.4 189.0 908.4 2,368 993.0 1,063 1,063 1,063
Announcement Date 5/28/19 5/9/20 5/6/21 5/5/22 5/29/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 73,054 114,160 99,263 112,575 132,927 133,898 139,756 147,962
EBITDA 1 28,581 44,866 42,330 48,886 55,532 56,492 61,666 66,418
EBIT - 33,126 32,043 - - - - -
Operating Margin - 29.02% 32.28% - - - - -
Earnings before Tax (EBT) 1 8,402 11,067 16,199 17,005 17,117 14,462 16,583 17,649
Net income 1 5,592 7,418 12,240 12,046 12,563 10,793 12,376 13,172
Net margin 7.65% 6.5% 12.33% 10.7% 9.45% 8.06% 8.86% 8.9%
EPS 2.300 2.940 9.020 8.900 - - - -
Free Cash Flow 13,928 26,745 -1,680 -942.5 - - - -
FCF margin 19.07% 23.43% -1.69% -0.84% - - - -
FCF Conversion (EBITDA) 48.73% 59.61% - - - - - -
FCF Conversion (Net income) 249.08% 360.54% - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 5/28/19 5/9/20 5/6/21 5/5/22 5/29/23 - - -
1INR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 25,970 27,266 28,296 25,414 29,120 29,747 31,319 32,515 35,517 33,577
EBITDA 1 10,042 10,340 11,070 11,590 11,680 11,912 12,130 12,410 13,180 15,685
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income 1 - - 4,354 2,726 2,670 2,296 - - - 3,894
Net margin - - 15.39% 10.73% 9.17% 7.72% - - - 11.6%
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 2/4/21 5/6/21 8/5/21 10/29/21 2/3/22 5/5/22 8/3/22 11/2/22 2/6/23 5/29/23
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 245,080 243,106 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - 5.462 x 5.743 x - - - - -
Free Cash Flow 13,928 26,745 -1,680 -943 - - - -
ROE (net income / shareholders' equity) 7.93% 8.97% 14.1% 12.8% 11.6% 8.7% 9.1% 8.8%
ROA (Net income/ Total Assets) - 2.05% - - - - - -
Assets 1 - 361,862 - - - - - -
Book Value Per Share 2 - 77.30 - - - 114.0 125.0 137.0
Cash Flow per Share - 21.50 - - - - - -
Capex 1 11,986 27,627 39,523 - - 57,000 21,000 85,000
Capex / Sales 16.41% 24.2% 39.82% - - 42.57% 15.03% 57.45%
Announcement Date 5/28/19 5/9/20 5/6/21 5/5/22 5/29/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,063 INR
Average target price
1,365 INR
Spread / Average Target
+28.43%
Consensus

Quarterly revenue - Rate of surprise

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