Adani Enterprises Ltd.

NSE: ADANIENT · Metals & Mining

₹2,745.80+0.46%06 Nov 2026

Check figures: unusual quarterly results in DEC '25 (₹5,627.02 cr vs a typical ₹362.37 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Adani Enterprises Ltd. — computed from its filings, no language model

Market cap₹3,71,671 cr

Current price₹2,745.80

High / Low₹3,212 / ₹1,759

P/E64.8

P/B3.79

Book value₹723.6

ROE5.9%

ROCE8.4%

Debt / equity0.99

Dividend yield0.04%

EPS (TTM)₹42.39

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	37,382	40,379	43,403	39,537	69,420	1,36,978	96,421	97,895	1,00,469
EBITDA	2,310	1,969	2,284	2,505	3,713	8,828	11,377	14,252	13,989
Operating margin	6.2%	4.9%	5.3%	6.3%	5.3%	6.4%	11.8%	14.6%	13.9%
Interest	1,306	1,625	1,572	1,377	2,526	3,970	4,555	5,978	6,019
Depreciation	725	390	472	537	1,248	2,436	3,042	4,211	6,135
Profit before tax	698	368	1,122	1,086	952	3,250	4,925	10,479	13,525
Tax	207	145	324	340	477	1,041	1,632	2,969	3,831
Net profit	757	717	1,138	-712	777	2,473	3,241	7,099	9,339
EPS ₹	6.89	5.69	10.35	8.39	7.06	21.78	27.24	60.55	75.66
Operating cash flow	—	—	—	—	1,385	17,626	10,311	4,530	2,357
Capex	—	—	—	—	11,647	14,725	22,366	29,171	33,369
Dividend paid	—	—	—	—	110	114	137	148	150
Total assets	56,495	42,536	46,898	51,643	1,01,760	1,41,488	1,60,732	1,98,136	2,61,600
Equity	15,089	14,756	16,947	17,159	22,257	33,051	39,076	50,314	80,926

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	10,234	9,155	10,430	13,237	10,561	8,464	10,948	13,429	5,265	9,126	11,620	13,525	12,579	13,218	18,758	24,866	38,175	26,612	31,346	25,438	22,517	28,336	29,180	25,472	22,608	22,848	26,966	21,961	21,249	24,820	32,439	32,924	37,216
Operating profit	656	442	443	707	772	378	757	378	64	765	772	904	796	883	772	1,262	1,869	1,629	3,587	2,524	2,430	3,227	3,195	3,706	3,766	3,070	3,710	3,310	3,307	3,642	3,731	5,019	5,509
Operating margin	6.4%	4.8%	4.2%	5.3%	7.3%	4.5%	6.9%	2.8%	1.2%	8.4%	6.6%	6.7%	6.3%	6.7%	4.1%	5.1%	4.9%	6.1%	11.4%	9.9%	10.8%	11.4%	11.0%	14.5%	16.7%	13.4%	13.8%	15.1%	15.6%	14.7%	11.5%	15.2%	14.8%
Other income	343	111	118	236	124	163	127	269	237	186	167	164	152	379	206	276	266	339	370	371	549	490	450	594	588	652	636	475	596	656	748	622	807
Interest	354	395	492	337	354	375	323	520	313	304	323	436	443	754	708	622	934	596	1,525	1,103	1,343	597	1,513	1,130	910	2,141	1,796	1,035	1,711	1,626	1,646	2,421	2,296
Depreciation	163	158	-34	109	100	110	122	141	125	124	132	156	126	320	354	449	531	592	895	714	757	760	811	934	1,035	1,006	1,236	1,284	1,377	1,372	2,103	1,926	2,018
Profit before tax	299	0	105	337	771	-75	440	-14	-138	524	404	296	380	189	-84	468	670	780	1,168	1,079	791	2,361	694	2,236	2,409	576	2,626	1,466	4,398	6,932	729	-1,349	2,002
Tax	96	-19	60	127	272	-32	118	-33	11	124	118	86	183	67	14	213	231	143	445	360	398	443	430	584	512	588	1,284	571	1,001	1,405	854	219	947
Net profit	188	172	92	283	601	50	383	61	30	362	297	30	271	212	-12	304	461	820	722	674	228	1,888	451	1,454	1,742	58	3,845	734	3,199	5,627	-221	-1,160	1,492
EPS ₹	1.71	1.56	0.84	2.58	5.47	0.45	3.88	0.56	0.27	3.30	2.70	2.13	2.47	1.93	-0.11	2.77	8.10	7.21	6.34	5.91	2.00	16.57	3.49	12.30	14.82	0.04	32.98	6.02	27.38	46.78	-1.71	-8.91	11.05
Revenue YoY	—	—	—	29.3%	—	-7.5%	5.0%	1.5%	-50.1%	7.8%	6.1%	0.7%	138.9%	44.8%	61.4%	83.8%	188.8%	41.9%	26.1%	—	-41.0%	6.5%	-6.9%	0.1%	0.4%	-19.4%	-7.6%	-13.8%	-6.0%	8.6%	20.3%	49.9%	75.1%
Profit YoY	—	—	—	50.5%	—	-71.2%	315.2%	-78.4%	-95.0%	632.1%	-22.5%	-51.2%	811.2%	-41.4%	-103.9%	918.1%	117.0%	—	137.4%	—	-50.6%	130.3%	-37.6%	115.8%	664.5%	-96.9%	753.3%	-49.5%	83.7%	9628.6%	-105.7%	-258.0%	-53.4%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Adani Enterprises Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	11,575	11,585	2,927	5,282	11,891	11,789	14,933	8,149	8,595
Operating profit	591	482	-126	179	155	-746	90	302	569
Operating margin	5.1%	4.2%	-4.3%	3.4%	1.3%	-6.3%	0.6%	3.7%	6.6%
Other income	13	30	528	462	613	1,204	1,280	924	687
Interest	285	216	75	222	303	761	927	709	792
Depreciation	12	13	13	30	58	59	82	79	79
Profit before tax	375	288	264	387	611	-362	432	480	386
Tax	48	33	-5	25	91	-184	25	-17	164
Net profit	326	254	269	362	520	-179	407	496	222

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	2,569	3,166	3,919	2,395	3,115	3,174	2,891	2,723	3,078	2,801	2,983	834	647	666	780	1,058	1,616	1,201	1,407	2,860	2,308	3,301	3,422	2,779	3,192	3,119	2,699	4,057	3,329	4,229	3,318	2,406	1,980	1,751	2,012	2,146	1,798	1,867	2,785	3,024	2,406	2,891
Operating profit	84	144	179	164	152	146	130	157	152	89	84	37	-9	-21	-134	16	32	82	49	122	35	3	-5	-212	-319	-42	-173	-6	18	94	-15	101	54	128	19	244	119	93	114	97	79	230
Operating margin	3.3%	4.5%	4.6%	6.9%	4.9%	4.6%	4.5%	5.8%	4.9%	3.2%	2.8%	4.5%	-1.4%	-3.2%	-17.1%	1.6%	2.0%	6.8%	3.5%	4.3%	1.5%	0.1%	-0.1%	-7.6%	-10.0%	-1.4%	-6.4%	-0.2%	0.5%	2.2%	-0.4%	4.2%	2.7%	7.3%	0.9%	11.3%	6.6%	5.0%	4.1%	3.2%	3.3%	7.9%
Other income	1	23	3	1	5	2	4	3	10	7	10	99	229	53	146	130	87	97	148	79	231	140	165	253	372	221	358	254	456	290	279	167	356	164	237	226	209	152	100	122	117	118
Interest	33	23	72	78	92	80	35	69	71	46	31	30	20	12	12	27	51	92	51	47	50	73	132	158	218	206	179	219	240	236	232	184	182	170	172	210	203	194	184	166	192	155
Depreciation	3	3	3	3	3	3	3	3	3	3	4	3	3	4	4	5	4	7	13	15	14	15	14	14	15	15	15	22	20	18	21	20	20	18	20	19	19	20	21	21	21	23
Profit before tax	48	141	107	84	66	65	159	87	103	43	54	102	147	15	-1	114	64	79	131	441	201	54	-86	-131	-180	-43	-9	7	213	129	83	64	206	149	60	241	106	31	8	31	-16	170
Tax	10	21	-1	17	-1	9	22	9	16	13	-4	18	22	5	-50	19	18	29	-40	20	59	24	-12	5	-78	0	-111	5	1	9	10	-6	-9	3	-5	44	25	56	39	8	0	41
Net profit	38	121	108	67	67	56	137	79	88	30	57	84	125	10	50	95	46	50	171	422	142	30	-74	-136	-102	-43	102	1	212	121	73	70	215	146	65	197	81	-25	-31	23	-16	129
EPS ₹	1.54	4.90	4.38	2.72	2.71	2.27	5.54	3.19	3.54	0.61	1.15	1.60	1.21	0.10	0.44	0.86	0.42	0.46	1.55	3.83	1.29	0.27	-0.67	-1.24	-0.93	-0.39	0.93	0.01	1.93	1.10	0.66	0.63	1.96	1.33	0.59	1.79	0.73	-0.23	-0.28	0.21	-0.15	1.18
Revenue YoY	—	—	—	—	21.3%	0.3%	-26.2%	13.7%	-1.2%	-11.8%	3.2%	-69.4%	-79.0%	-76.2%	-73.9%	26.8%	149.9%	80.4%	80.4%	170.2%	42.8%	174.8%	143.3%	-2.8%	38.3%	-5.5%	-21.1%	46.0%	4.3%	35.6%	22.9%	-40.7%	-40.5%	-58.6%	-39.3%	-10.8%	-9.2%	6.6%	38.4%	40.9%	33.8%	54.8%
Profit YoY	—	—	—	—	76.1%	-53.7%	26.6%	17.6%	31.6%	-45.5%	-58.1%	6.9%	42.1%	-66.1%	-13.3%	12.8%	-63.2%	385.9%	243.3%	344.1%	208.5%	-40.6%	-143.2%	-132.2%	-172.0%	-243.2%	—	—	—	—	-28.8%	6677.7%	1.4%	21.2%	-10.7%	182.1%	-62.5%	-117.2%	-147.4%	-88.3%	-120.3%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	7.8%	7.0%	8.9%	6.5%	3.1%	4.9%	4.4%	4.2%	5.6%	4.7%	2.9%	3.5%	8.1%	6.7%	9.6%	8.3%	10.3%	13.2%	8.8%	14.1%	12.7%	14.5%	24.8%	11.5%	9.2%	5.9%
ROCE	11.3%	10.9%	11.6%	9.4%	6.1%	7.9%	7.8%	7.4%	9.4%	9.7%	9.4%	5.5%	11.0%	10.6%	12.7%	10.6%	12.0%	11.2%	11.0%	10.9%	10.2%	10.8%	14.8%	10.0%	9.3%	8.4%
Net margin	2.6%	2.4%	3.0%	2.5%	1.4%	2.2%	1.9%	1.8%	2.1%	1.6%	0.9%	1.1%	2.2%	2.3%	3.3%	3.1%	3.8%	5.2%	3.7%	7.3%	6.8%	8.4%	14.1%	9.3%	6.7%	4.5%
EBITDA margin	5.4%	5.4%	6.0%	5.3%	4.1%	5.1%	5.0%	6.3%	6.9%	6.6%	5.8%	5.3%	7.9%	9.6%	10.9%	10.8%	11.9%	13.2%	13.7%	14.6%	14.7%	14.4%	14.7%	13.9%	14.1%	14.1%
Debt / equity	0.67	0.67	0.67	0.69	0.69	0.69	0.69	0.94	0.94	0.94	0.94	1.84	1.16	1.15	1.15	1.28	1.28	1.52	1.52	1.52	1.52	1.70	1.70	1.41	1.41	0.99
Interest coverage	1.77	1.73	2.06	1.71	1.14	1.56	1.53	1.79	2.06	1.65	1.33	1.38	1.89	1.84	2.18	2.08	2.33	2.86	2.04	2.31	2.20	2.36	3.50	3.25	2.45	2.04
Asset turnover	1.02	1.00	1.02	0.93	0.81	0.83	0.84	0.77	0.91	0.99	1.12	0.68	0.86	0.71	0.73	0.66	0.66	0.58	0.55	0.49	0.48	0.42	0.43	0.38	0.43	0.43

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	110	110	110	110	110	110	110	110	114	114	114	114	114	115	115	129	135
Other equity / reserves	25,618	13,268	14,026	14,979	14,646	16,837	17,049	22,147	31,438	32,937	36,558	38,962	41,782	50,199	53,941	80,797	97,817
Total equity	25,728	13,378	14,136	15,089	14,756	16,947	17,159	22,257	31,552	33,051	36,672	39,076	41,896	50,314	54,056	80,926	97,952
Borrowings	74,900	18,015	19,853	16,872	9,951	11,653	16,051	41,024	40,024	38,320	42,102	50,124	63,858	76,236	92,065	1,13,702	97,294
Current liabilities	—	19,971	—	—	22,509	23,289	—	—	49,054	44,803	45,085	44,058	51,308	47,383	48,636	58,912	72,394
Non-current liabilities	—	8,322	—	—	4,883	5,400	—	—	37,861	58,795	61,325	71,894	81,790	94,282	1,11,194	1,13,510	1,18,750
Total assets	1,30,859	41,756	47,689	56,495	42,536	46,898	51,643	1,01,760	1,23,091	1,41,488	1,48,150	1,60,732	1,81,768	1,98,136	2,21,408	2,61,600	2,94,858
Property, plant & equipment	78,443	—	—	—	—	—	—	—	31,996	34,988	35,662	58,699	43,753	67,155	52,584	98,374	81,909
Capital work-in-progress	6,733	7,705	7,731	5,526	5,765	7,231	8,686	19,564	15,037	17,699	22,348	21,931	29,745	31,857	41,329	28,815	37,634
Investments	744	767	1,042	1,461	1,511	1,952	5,503	4,292	4,831	6,310	7,735	8,701	10,322	9,887	10,028	9,428	14,088
Inventories	4,082	1,300	1,652	2,343	2,669	2,562	1,757	6,788	10,021	6,918	7,520	9,487	10,891	10,287	13,331	18,713	27,429
Receivables	15,319	10,187	12,742	12,099	14,307	13,147	11,983	13,712	15,974	12,553	7,586	9,793	6,921	9,616	7,713	12,543	13,773
Cash & equivalents	3,651	—	—	—	—	—	—	—	1,144	1,882	1,640	2,307	1,245	3,106	4,412	6,267	7,958

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 7 periods

	FY15‡	FY18‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	8,532	2,942	1,385	17,626	10,311	4,530	2,357
Cash from investing	-11,760	-7,706	-17,487	-16,860	-19,082	-26,259	-28,438
Cash from financing	3,445	5,120	15,901	-1,198	8,879	21,947	28,484
Capex	—	—	11,647	14,725	22,366	29,171	33,369
Free cash flow	—	—	-10,262	2,902	-12,055	-24,641	-31,012
Dividends paid	146	53	110	114	137	148	150

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹81,909 cr28%

CWIP

₹37,634 cr13%

Investments

₹14,088 cr5%

Inventories

₹27,429 cr9%

Receivables

₹13,773 cr5%

Cash & equivalents

₹7,958 cr3%

Other assets

₹1,12,066 cr38%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.1%

6 months+9.2%

1 year+8.2%

3Y CAGR+6.9%

5Y CAGR+11.9%

10Y CAGR+50.9%

50-day avg₹2,812.28

200-day avg₹2,617.44

RSI (14)54

Compare Adani Enterprises Ltd. with

Adani Enterprises vs JSW Steel Adani Enterprises vs Hindustan Zinc Adani Enterprises vs Tata Steel Adani Enterprises vs Hindalco Industries

FAQs

What is the share price of Adani Enterprises Ltd.?

Adani Enterprises Ltd. (ADANIENT) closed at ₹2,745.80 on NSE on 06 Nov 2026.

What is the market cap of Adani Enterprises Ltd.?

₹3,71,671 crore at the latest close.

What is the P/E ratio of Adani Enterprises Ltd.?

64.8, on trailing-twelve-month earnings from its filings.

How fast is Adani Enterprises Ltd. growing?

Adani Enterprises Ltd.: revenue has compounded at -9.8% a year over three years; net profit at 55.7% a year. Latest-quarter revenue is up 75.1% year on year, profit down 53.4%.

How profitable is Adani Enterprises Ltd.?

On a trailing-twelve-month basis return on equity is 5.9%, return on capital employed 8.4%, operating margin 14.1%, net margin 4.5%.

How much debt does Adani Enterprises Ltd. have?

Adani Enterprises Ltd. is moderately geared: debt to equity is 0.99 with borrowings of ₹97,294 cr against cash of ₹7,958 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.0 times.

Financials parsed from Adani Enterprises Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.