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Last 84.80 INR
Change Today -2.35 / -2.70%
Volume 2.7M
ADE On Other Exchanges
Symbol
Exchange
Natl India
As of 5:25 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

adani enterprises ltd (ADE) Snapshot

Open
87.80
Previous Close
87.15
Day High
87.80
Day Low
84.10
52 Week High
06/3/15 - 574.25
52 Week Low
07/28/15 - 79.80
Market Cap
93.3B
Average Volume 10 Days
3.8M
EPS TTM
17.71
Shares Outstanding
1.1B
EX-Date
07/31/15
P/E TM
4.8x
Dividend
1.40
Dividend Yield
1.65%
Current Stock Chart for ADANI ENTERPRISES LTD (ADE)

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adani enterprises ltd (ADE) Details

Adani Enterprises Limited, together with its subsidiaries, is engaged 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 is also engaged 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 in marketing fruits under the brand name of Farm-Pik. In addition, it owns and operates Mundra port, which handle bulk, container, and oil cargo; develops and operates 10 terminals and 28 berths to handle bulk and container cargo, and 2 single point mooring facilities at the ports of Mundra, Dahej, and Hazira; 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 combined installed capacity of 8,580 megawatt (MW) comprising 4,620 MW at Mundra, Gujarat; 2,640 MW at Tiroda, Maharashtra; and 1,320 MW at Kawai, Rajasthan. Additionally, it operates transmission networks of HVDC and D/C transmission lines; operates approximately 40 MW solar power at Kutch, Gujarat; and distributes gas through a network of approximately 410 km of steel pipeline and 4,100 km of polyethylene pipeline, as well as through CNG stations to industrial units, households, and commercial units in Ahmedabad and Vadodara. The company was founded in 1988 and is based in Ahmedabad, India.

Founded in 1988

adani enterprises ltd (ADE) Top Compensated Officers

Managing Director, Executive Director, Chairm...
Total Annual Compensation: 21.3M
Executive Chairman and Chairman of Securities...
Total Annual Compensation: 15.3M
Compensation as of Fiscal Year 2014.

adani enterprises ltd (ADE) Key Developments

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.

Adani Group to Set Up 650 MW Solar Power Plant in Tamil Nadu

The Adani group announced that the company entered into an agreement with Tamil Nadu government to set up a nearly 650 MW solar power park at Ramanathapuram-Kamudhi belt with an estimated investment of INR 45,360 million. As part of this agreement, the state government would buy the entire 648 MW solar power to be produced by the company at a price of INR 7.01, a unit fixed by TN Electricity Regulatory Commission (TNERC) in September 2014. The agreement with Adani group is for 25 years and the group would soon begin work once it get necessary approvals from both central and state governments. The company is expected to promote the park under different entities and the power production would go on stream in the first quarter of next year. With Adani's 648 MW power, Tamil Nadu government so far signed agreements with 32 players for purchasing 1,084 MW till date. Earlier 31 players signed pact with the government for a combined capacity of 436 MW. The agreements are part of the state government's solar policy, unveiled in 2012, sought for purchase of 3,000 MW in three years (by 2015 - each year 1,000 MW) at a rate fixed by TNERC. In addition to the above, there are around 107 solar power producers with a combined capacity of 2,722.50 MW have already shown interest and registered with the state government to set up plants. Out of those, 53 players with a combined capacity of 1,132 MW power, have already done the feasibility study and hope to sign the pact in the near future. Power purchase agreements would be signed with other players once they submit requirement documents, including caution deposit, land deal agreements among other things, the state government statement said further. To facilitate smooth transmission of power generated at the park, the government will invest INR 4,350.50 million to set up 400KV sub station at Ramanathapuram/Kamudhi area and will also spend INR 475.0 million for new substation at Tiruchuzhi. In addition to this, another INR 2,080.50 million will be spent towards substation and transmission lines at Ramanathapuram, Virudunagar and Sivaganga districts.

GFH Financial Group Inks a Deal with Adani Group to Develop an Economic Development Zone in Mumbai

GFH Financial Group has inked a deal with Adani Group to develop an economic development zone in Mumbai. As per the agreement, the financial group's unit Energy City Navi Mumbai (ECNM) and Adani Group will work jointly in creating the master plan for the lands of Phases II and III of the project, which will render world class business infrastructure for local and international services, IT and energy companies. Adani Group will develop the core infrastructure on these lands and will also commence the pre-sales and construction works on the site, after receiving approval for the master plan. On the other hand, investors will get a 15% revenue share from sales made by Adani Group on the development on these lands and less local taxes, if any. The partnership with Adani, further demonstrates efforts to move forward with development strategy for landmark project in India.

 

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ADE

Industry Average

Valuation ADE Industry Range
Price/Earnings 4.8x
Price/Sales 0.1x
Price/Book 0.4x
Price/Cash Flow 1.7x
TEV/Sales NM Not Meaningful
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