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Adani Enterprises Limited ADANIENT.NS

IN · National Stock Exchange of India · XNSE · stock · Energy · website

Adani Enterprises Limited statistics & valuation

Market cap₹4.32T
P / E46.2×
P / S4.3×
P / B5.3×
Net margin9.3%
FCF margin-30.9%
Net debt₹1.00T
Enterprise value USD$55.9B
Earnings yield EBIT/EV1.6%
Return on capital4.2%
Graham number -67.2%₹995.18

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹995.18); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.90% 3.40% 7.30% 9.30% 2023202420252026
Gross margin (%)
16.20% 32.30% 33.50% 26.10% 2023202420252026
Operating margin (%)
5.40% 9.40% 10.70% 8.40% 2023202420252026
Return on equity (%)
7.50% 8.30% 14.10% 11.50% 2023202420252026
Shares outstanding
1.35B 1.35B 1.35B 1.35B 2023202420252026
Net debt (₹)
₹511.30B ₹630.04B ₹883.67B ₹1.00T 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
1.70% 2.00% 3.60% 3.60% 2023202420252026
Free cash flow margin (%)
2.30% -12.50% -26.00% -30.90% 2023202420252026
Debt / equity (×)
1.60× 1.67× 1.82× 1.32× 2023202420252026
EPS (₹)
₹21.12 ₹26.41 ₹58.79 ₹73.59 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Adani Enterprises Limited trades at about 41.2× earnings — below its 10-year norm (10-year range 32.7×–115.7×, median 91.2×).

32.7× 115.7×

Shaded band = 10-year range (32.7×–115.7×); dot = today's 41.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin26.1%33.5%32.3%16.2%
Operating margin8.4%10.7%9.4%5.4%
Net margin9.3%7.3%3.4%1.9%
FCF margin-30.9%-26.0%-12.5%2.3%
Return on assets3.6%3.6%2.0%1.7%
Return on equity11.5%14.1%8.3%7.5%
Debt / equity0.94×1.28×1.12×0.98×
Current ratio1.040.860.830.83

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.