Shares of Adani Group, which has business interests across various sectors including mining, integrated resources management (IRM), infrastructure (airports, roads, rail/metro, water, data centers), solar manufacturing, agriculture, and defence, surged by over 7 percent after Ventura Securities set a target price suggesting significant upside potential.
Price Movement
During Tuesday’s trading session, Adani Enterprises Ltd’s share price opened at a flatter note at Rs.2,577.75 per share from its previous close of Rs.2,592.35 apiece. The price has since retreated to Rs.2,569.55 per share.
What happened
Adani Enterprises’ shares are gaining traction among investors, with Ventura Securities projecting a price target of Rs.3,801 for the stock over the next two years, reflecting an upside potential of 47 percent.
Despite a one-year delay in the company’s green H2 project, Ventura sees a potential upside of nearly 26 percent, with a SOTP value of Rs 3,029 even excluding the value of the green H2 segment. Ventura also noted that recent volatility in the stock has increased its beta, but as volatility decreases, beta should lower, improving valuations.
Additionally, Adani Enterprises plans a capital expenditure of Rs 6.5-7 lakh crore over the next decade to expand into airports, data centers, copper production, and the green hydrogen sector, primarily funded through debt.
Ventura projects the company’s revenue, EBITDA, and net earnings to grow at a CAGR of 17.5 percent, 37.5 percent, and 45.8 percent, respectively, from FY24-27, reaching Rs 1.56 lakh crore, Rs 28,563 crore, and Rs 9,245 crore.
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Financial Performance
In its latest financial update, Adani Enterprises Ltd reported a revenue of Rs.22,608 crore for Q2 FY25, marking a 16 percent increase from Rs.19,546 crore in the same quarter of the previous year. Net profit saw a remarkable rise of 500 percent, reaching Rs.1,989 crore, compared to Rs.333 crore in the same period last year.
Company Profile
Adani Enterprises Ltd (AEL), established in 1988, is the flagship company of the Adani Group. It acts as an incubator for a variety of businesses, with a primary focus on sectors such as mining, integrated resource management, infrastructure, and renewable energy.
Over time, AEL has successfully spun off several key ventures into independent listed entities, including Adani Power, Adani Transmission, and Adani Green Energy.
Written by – Siddesh S Raskar
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Shares of Adani Group, which has business interests across various sectors including mining, integrated resources management (IRM), infrastructure (airports, roads, rail/metro, water, data centers), solar manufacturing, agriculture, and defence, surged by over 7 percent after Ventura Securities set a target price suggesting significant upside potential. Price Movement During Tuesday’s trading session, Adani Enterprises Ltd’s share
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