Fundamentals scanner
Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
Adani Enterprises
EnergyBearish- Market cap
- ₹4,31,887 Cr
- P/E
- 52.6x
- ROE
- —
- Debt / equity
- 1.20
What the company does
Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments. The company engages in the integrated ecosystem for manufacturing green hydrogen, including solar cells, modules, and wind turbine generators; construction, operation, and maintenance of airports and road assets; commercial mining activities; supply of bunker fuels to shipping vessels; manufacture and supply of defense equipment; copper cathodes and cast rods; digital labs; and copper smelting and refinery, as well metals manufacturing. It also provides procurement and logistics services for minerals, as well as mining services. In addition, the company is involved in the sourcing, storage, and marketing of apples, grapes, pomegranates, stone fruits, digital mandi, and frozen peas; wastewater treatment, recycling, reuse projects; the operation of a news network; and Infrastructure Development and Water Resource Management. Further, it holds a portfolio of small arms, ammunition, unmanned aerial vehicles, counter-drone systems, missiles, and aircraft services. It also provides education, training and skill development. The company has strategic alliance with Jabil Inc. to build AI data center infrastructure platform in India. Adani Enterprises Limited was formerly known as Adani Exports Ltd. and changed its name to Adani Enterprises Limited in September 2006. The company was founded in 1988 and is headquartered in Ahmedabad, India.
Valuation — what you are paying
How the price compares to earnings, assets and cash generation.
- P/E (trailing)52.6xWeak
You are paying 52.6 years of current profit for each share. The earnings yield is 1.9%.
- P/B (price to book)4.8xFair
The market values the company at 4.8× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
- EV / EBITDA33.3xWeak
This is the only common multiple that accounts for debt — it is what an actual acquirer would look at, because they would inherit the borrowings.
- Dividend yield0.04%Weak
Pays 0.04% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Profitability — is this a good business?
Returns on capital and margins, the numerical shadow of a moat.
- Return on equity—No data
Not available.
- Return on assets—No data
Not available.
- Operating margin9.4%Fair
Keeps ₹9.4 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
- Net margin6.5%Fair
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Financial strength — can it survive a bad year?
Leverage and liquidity. This is where fragility shows up first.
- Debt to equity1.20Fair
A conservative balance sheet that can absorb a downturn without a crisis.
- Current ratio—No data
Not available.
- Total debt₹1,06,622 CrNo data
Against cash of ₹9808.40 Cr. Net debt is what matters, not gross borrowings.
- Free cash flow—No data
Not available.
Growth — is it getting bigger?
Revenue and earnings momentum, and how the two compare.
- Revenue growth (yoy)+49.9%Strong
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
- Earnings growth (yoy)—No data
Not available.
- Revenue (TTM)₹1,11,431 CrNo data
EBITDA of ₹14954.58 Cr and operating cash flow of —.
- PEG ratio—No data
Not available.
Financial statements
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹1,00,469 Cr | ₹97894.75 Cr | ₹1,08,723 Cr | ₹1,36,978 Cr |
| Cost of revenue | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Gross profit | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating expenses | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating income | — | — | — | — |
| Interest expense | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Net profit | ₹0.00 | ₹7099.00 Cr | ₹3240.78 Cr | ₹2472.94 Cr |