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Last 88.65 INR
Change Today +6.90 / 8.44%
Volume 9.5M
ADE On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 7:05 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

adani enterprises ltd (ADE) Snapshot

Open
82.05
Previous Close
81.75
Day High
90.40
Day Low
81.25
52 Week High
06/3/15 - 574.25
52 Week Low
07/28/15 - 79.80
Market Cap
97.5B
Average Volume 10 Days
3.6M
EPS TTM
17.71
Shares Outstanding
1.1B
EX-Date
07/31/15
P/E TM
5.0x
Dividend
1.40
Dividend Yield
1.58%
Current Stock Chart for ADANI ENTERPRISES LTD (ADE)

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adani enterprises ltd (ADE) Details

Adani Enterprises Limited, together with its subsidiaries, engages in the trading, power, ports, agro, and other businesses in India and internationally. It is involved in mining, processing, acquisition, exploration, and development of various coal properties in India, Indonesia, and Australia; trading of coal to various central and state utilities, and private power producers; and oil and gas exploration activities. The company also engages in handling, storage, and transportation of food grains, as well as horticulture produce; and import and sale of apple, pear, kiwi, orange, grapes, etc., as well as marketing fruits under the Farm-Pik brand name. In addition, it owns and operates Mundra port, which handle bulk, container, and crude oil cargo; develops and operates 16 terminals and 39 berths to handle bulk and container cargo, and 2 single point mooring facilities at the ports of Mundra, Dahej, Hazira, Kandla, Goa, Vizag, and Dhamra; and provides infrastructure, leasing, and logistics services, as well as marine, handling intra-port transport, storage, and value added and evacuation services for terminal operators, shipping lines and agents, exporters, importers, and other port users. Further, the company develops and operates various power projects with a combined installed capacity of 10,440 megawatt (MW) comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; and 1200 MW at Udupi, Karnataka. Additionally, it operates transmission networks of HVDC and D/C transmission lines; operates approximately 40 MW solar power at Kutch, Gujarat; distributes gas through a network of approximately 345 km of steel pipeline and 4,986 km of polyethylene pipeline to industrial units, households, and commercial units in Ahmedabad and Vadodara, Gujarat; and operates 62 CNG stations in Ahmedabad and Vadodara, Gujarat, as well as Faridabad, Haryana. The company was founded in 1988 and is based in Ahmedabad, India. Adani Enterprises Limited operates as a subsidiary of S.B. Adani Family Trust.

Founded in 1988

adani enterprises ltd (ADE) Top Compensated Officers

Managing Director, Executive Director, Chairm...
Total Annual Compensation: 22.2M
Executive Chairman and Chairman of Securities...
Total Annual Compensation: 16.0M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: 18.2M
Compensation as of Fiscal Year 2015.

adani enterprises ltd (ADE) Key Developments

Adani Seeks Finance

Adani Enterprises Limited (BSE:512599) said that it is planning to raise up to INR 60 billion through issuance of securities to sustain rapid business growth. Adani also aims to raise its borrowing limit to up to INR 120 billion to keep pace with the expanding business operations. Adani Enterprises will approach its shareholders with these resolutions later this month at Adani's AGM. "The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long-term resources, if necessary in order to sustain rapid growth in the business, for business expansion and to improve the financial leveraging strength of the company," it said in a BSE filing. The filing further said: "The proposed resolution seeks the enabling authorization of the members to the Board of Directors to raise funds to the extent of INR 60 billion or its equivalent in any one or more currencies... by way of issuance of equity shares and/or any instruments or securities... and/or convertible preference shares and/or convertible debentures..." The special resolution also seeks to empower the Board of Directors to undertake a Qualified Institutional Placement (QIP) with Qualified Institutional Buyers (QIBs) as defined by SEBI, it added. "Further, in view of expanding business operations of the company, it is necessitated to enhance the borrowing limits by authorizing Board of the Directors or Committee thereof to borrow monies up to INR 120 billion in excess of and in addition to the paid-up capital and free reserves of the Company," the filing said.

Adani Enterprises Limited expected to report Q1 2016 results on July 30, 2015. This event was calculated by Capital IQ (Created on July 23, 2015).

Adani Enterprises Limited expected to report Q1 2016 results on July 30, 2015. This event was calculated by Capital IQ (Created on July 23, 2015).

Adani Signs Memorandum of Understanding with the Tamil Nadu Generation and Distribution to Develop 648MW Solar Park in Tamil Nadu, India

Adani Group has signed a memorandum of understanding with the Tamil Nadu Generation and Distribution to develop 648MW of solar park in the Indian State, with an investment of INR 45.36 billion ($715.7 million). The two firms will develop five solar power generation centers in Kamudhi, Ramanathapuram district of Tamil Nadu. Tangedco will purchase the power generated by these facilities at a price of INR 7.01 per unit. The company has earlier signed power purchase agreements with 31 private firms for generation of 436MW of solar power projects.

 

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Industry Analysis

ADE

Industry Average

Valuation ADE Industry Range
Price/Earnings 4.5x
Price/Sales 0.1x
Price/Book 0.3x
Price/Cash Flow 1.6x
TEV/Sales NM Not Meaningful
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