diversified

Adani Enterprises

ADANIENT · Nifty 50

2,951.9

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 39.7 (38%ile of 5Y range 12-112). Trading near median.
Sector Positiondiversified sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score45/100 (WEAK). 3 positive flags, 7 concerns.
Historical Context158 similar technical setups. Average outcome: -14.5% decline. 0% positive.
Revenue TrendRevenue growing at 20.3% YoY. Strong revenue growth — 20.3% YoY

Fundamental

45/100

WEAK

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

Adani Enterprises scores 45/100 on fundamentals (weak). Adani Enterprises: PE below historical average. BROAD EXPANSION regime.

Fundamental Score: 45/100 · WEAK · 1 signals detected

DuPont Analysis

ROE 7.6% broken into three drivers. Each shows how efficiently the company generates returns.

ROE7.6%=
7.8%Net Margin
×
0.3xTurnover
×
3.2xLeverage

ROE of 7.59% is modest margin-driven and stable. Net margin of 7.8% × asset turnover of 0.3x × leverage of 3.2x.

What This Means

Net margin of 7.8% means the company keeps ₹7.8 as profit for every ₹100 of revenue. This is a moderate-margin business. Asset turnover of 0.30x means the company generates ₹0.30 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 3.2x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

38.5%

Operating

18.1%

Net

7.8%

declining

Gross margin 38.5% → operating margin 18.1% → net margin 7.8%. Margins are DECLINING. Check if input costs are rising or competition is pressuring pricing.

Financial Health

Earnings Quality

WEAK

Cash flow only covers 0.4x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.

Debt Sustainability

ADEQUATE

Interest covered only 2.8x — stretched. Rising rates could pressure profitability. Debt/EBITDA at 7.5x is high — monitor leverage.

Free Cash Flow

MODERATE

FCF margin negative at -39.1% — spending more than earning. Check capex cycle.

Key Watchpoints

🟢

Breaks above ₹3099 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹2804 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 39.7

Valuation normalization

🟢

Diversified sector entering leadership

Sector rotation signal

Detected Patterns

⚠️ Low Earnings Quality: Cash flow only 0.4x earnings — weak cash conversion

Risk Flags

🔴 3 Critical⚠️ 4 Warning3 Positive10 total flags
🔴Unusual items are 151% of net income
Earnings Quality

One-off items significantly inflating reported profit. Core earnings may be much lower.

🔴Cash covers only 11% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

🔴Operating cash flow significantly below net income
Cash Flow

OCF is only 0.4x net income. Profit not converting to cash — aggressive accounting possible.

⚠️Special charges present in income statement
Earnings Quality

Special charges of ₹9053K Cr. May indicate restructuring, impairment, or one-time costs.

⚠️Working capital changes are 428% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️Audit risk elevated: 9/10
Governance

Potential accounting concerns. Cross-check with earnings quality flags.

⚠️Board risk elevated: 8/10
Governance

Governance structure concerns. Independent director representation may be weak.

Assets relatively new (11% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

Receivables decreasing — 6.7% of revenue
Cash Flow

Collection cycle changing. Collection improving — positive for cash flow.

High promoter holding: 77%
Governance

Strong insider alignment. Promoters have significant skin in the game.

🔴 3 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
Our margin analysis (declining) matches news reports of cost/margin pressure

50 articles scanned for fundamental themes

Facts

P/E Ratio
39.7HIGH
P/B Ratio
4.7HIGH
ROE
13.7%HIGH
Market Cap
₹40083990.8L CrHIGH
From 52W High
96% of high
Promoter Holding
77.3%MODERATE
Institutional
15.3%
Adani Enterprises Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight