Adani Enterprises Ltd.
Metals · NSE
52-week range
₹1,753 – ₹2,695
From 52w high
-7.0%
RSI (14)
73.2
vs SMA 50 / 200
↑ 50 · ↑ 200
Adani Enterprises (NSE: ADANIENT) is the flagship incubator of the Adani Group, currently trading at Rs 2505.90 — above its 50-DMA (Rs 2126.15) and 200-DMA (Rs 2285.05) after a 12.46% 3-month run. The stock carries a trailing PE of 33.96 and a debt-to-equity ratio of 119.56, alongside a Q4 FY26 net loss of Rs 221 crore that reversed the prior year's profit.
- ✓Revenue has grown at a 5-year CAGR of 20.3%, reflecting the group's aggressive expansion across airports, green hydrogen, roads, and defence segments.
- ✓Price is 7.02% below its 52-week high, and current levels sit above both the 50-DMA (Rs 2126.15) and the 200-DMA (Rs 2285.05), indicating the stock has recovered substantially from its recent trough.
- ✓Jefferies raised its price target following Q4 results, citing EBITDA growth at the segment level, while the group simultaneously announced a three-layer organisational restructure aimed at faster decision-making.
- ✓A dividend was announced alongside Q4 results, marking a return of cash to shareholders despite the reported net loss for the quarter.
- ✗The debt-to-equity ratio of 119.56 is extreme; combined with FCF positive in only 1 of the tracked years and a rising debt trend, the balance sheet leaves limited buffer if revenue growth slows or credit conditions tighten.
- ✗Q4 FY26 swung to a net loss of Rs 221 crore from a profit in the prior year period — a material year-on-year reversal that the headline revenue growth rate does not reflect.
- ✗Quality score of 22 ranks 4th out of 6 sector peers with usable data; TATASTEEL (44), HINDALCO (38), and JSWSTEEL (36) all score meaningfully higher on the composite quality measure.
- ✗ROE of 13.66% has not exceeded 15% in any tracked year, and with the forward PE at 44.14 — higher than the trailing PE of 33.96 — the stock prices in earnings improvement that the recent quarterly result does not yet support.
- ·Adani Enterprises reported Q4 FY26 net loss of Rs 221 crore (vs profit a year earlier); the company simultaneously announced a dividend, and Jefferies raised its price target citing EBITDA growth at the segment level.
- ·The Adani Group announced a three-layer organisational structure in May 2026 intended to accelerate decision-making and execution, communicated as a governance and efficiency measure.
- ·New subsidiaries were incorporated in April 2026, continuing the group's pattern of incubating new businesses within the flagship entity, which contributed to a 1.1% share price move on the announcement date.
- ?Given that D/E of 119.56 is accompanied by FCF positive in only 1 tracked year, what is the specific debt maturity profile and how does the group plan to service obligations if capital markets tighten?
- ?The 5-year revenue CAGR of 20.3% is high, but earnings growth data is unavailable and Q4 FY26 turned to a loss — does the conglomerate model systematically front-load capital costs in ways that defer profit recognition, or does the loss reflect structural margin pressure?
- ?With only 2 analysts tracked and peer ROE data missing entirely, how representative is the available coverage in assessing ADANIENT relative to capital-intensive conglomerate peers outside the Metals sector classification?
- ?The organisational restructure and new subsidiary formations signal continued expansion — at what point does the incubation pipeline become a source of earnings stability rather than an ongoing drag on consolidated margins?
PE
34.0
Forward PE
44.1
ROE
+13.7%
Profit margin
+9.3%
D/E
119.56
Dividend yield
+0.1%
Quality score
22/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
1/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.