Adani Enterprises Ltd.

BSE: ADANIENT512599ISIN INE423A01024

Commodities
Trading - Minerals
BSE 100

Share price

₹2,705.00+115.00 (+4.44%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: —
52W low: —
Off 52W high: —
1M return: -5.35%
3M return: -10.87%
6M return: +6.52%
1Y return: —
20D avg volume: 97,375
50 DMA: ₹2,825.15
200 DMA: ₹2,611.29

Key ratios Consolidated

Market cap: ₹3,66,103 Cr
Current price: ₹2,705.00
52W high / low: — / —
Face value: ₹1.00
P/E: 68.84
P/B: 3.74
EPS (TTM): ₹39.29
Book value / share: ₹723.64
ROE: —
ROCE: 9.60%
Operating margin: —
Net margin: —
Debt / equity: 1.27
Net debt: ₹1,07,435 Cr
Interest cover: 3.25
Dividend yield: 0.05%
Dividend / share (TTM): ₹1.30
Payout: 3.31%
Cash conversion cycle: 39.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	37,216	32,924	32,439	24,820	21,249	21,961	26,966	22,848	22,608	25,472	29,180	28,336
	807.49	622.28	747.80	655.85	595.56	475.42	635.78	652.12	588.11	594.32	450.27	490.15
	38,023	33,546	33,187	25,475	21,844	22,437	27,602	23,501	23,196	26,067	29,630	28,827
	36,021	32,252	32,458	24,176	21,030	20,970	26,289	22,925	20,787	23,831	28,309	26,466
	16,858	14,255	11,828	7,596	4,962	3,393	3,590	2,568	1,792	1,760	2,824	1,438
	8,686	7,343	7,341	7,462	6,953	7,399	10,978	9,068	9,669	10,100	13,354	14,855
	1,098	1,094	903.44	894.17	897.62	962.77	756.75	741.48	742.28	878.39	622.14	548.52
	2,296	2,421	1,646	1,626	1,711	1,035	1,796	2,141	909.83	1,130	1,513	596.78
	2,018	1,926	2,103	1,372	1,377	1,284	1,236	1,006	1,035	934.08	811.47	759.86
	6,532	7,074	7,750	7,037	6,909	7,017	7,605	—	—	—	—	—
	2,002	1,295	728.82	1,300	814.35	1,466	1,313	575.56	2,409	2,236	1,322	2,361
	0.00	-2,644	0.00	5,632	3,583	0.00	1,313	0.00	0.00	0.00	-627.37	0.00
	2,002	-1,349	728.82	6,932	4,398	1,466	2,626	575.56	2,409	2,236	694.25	2,361
	947.32	219.04	853.72	1,405	1,001	571.25	1,284	588.44	512.37	583.60	430.12	443.15
	1,221	-1,462	-166.79	5,727	3,414	976.48	1,382	228.64	1,989	1,772	352.25	1,973
	11.05	-8.91	-1.71	46.78	27.38	6.02	32.98	0.07	14.87	12.33	3.48	16.57
Key metrics
	6,316	2,998	4,479	9,929	7,485	3,786	5,659	3,723	4,354	4,300	3,018	3,717
	17.00%	9.10%	13.80%	40.00%	35.20%	17.20%	21.00%	16.30%	19.30%	16.90%	10.30%	13.10%
	3.30%	-4.40%	-0.50%	23.10%	16.10%	4.40%	5.10%	1.00%	8.80%	7.00%	1.20%	7.00%
	1.90%	—	1.20%	—	3.50%	—	2.90%	—	—	—	—	—
	75.10%	49.90%	20.30%	8.60%	-6.00%	-13.80%	-7.60%	-19.40%	—	—	—	—
	-64.20%	-249.70%	-112.10%	2,404.60%	71.60%	-44.90%	292.40%	-88.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	1,27,398	1,00,469	97,895	96,421	1,36,978	69,420	39,537	43,403	40,379	37,382
	2,833	2,475	2,470	1,861	1,197	1,013	753.80	683.65	571.96	602.82
	1,30,232	1,02,943	1,00,365	98,282	1,38,175	70,433	40,291	44,086	40,951	37,984
	1,24,907	98,634	93,832	92,641	1,34,556	69,481	38,946	43,163	40,425	37,103
	50,537	27,778	9,711	7,831	4,052	2,503	1,949	1,750	1,223	676.76
	30,832	29,155	39,814	43,676	99,188	55,149	27,842	32,600	32,598	30,972
	3,989	3,658	3,119	2,331	1,877	1,181	829.31	682.48	656.40	607.21
	7,990	6,019	5,978	4,555	3,970	2,526	1,377	1,572	1,625	1,306
	7,418	6,135	4,211	3,042	2,436	1,248	537.14	472.06	389.77	—
	28,393	28,713	29,155	—	—	—	—	—	4,011	3,411
	5,325	4,309	6,533	5,640	3,619	952.05	1,345	923.58	525.92	881.71
	2,988	9,215	3,946	-715.37	-369.32	0.00	-258.89	198.75	-157.98	-183.49
	8,313	13,525	10,479	4,925	3,250	952.05	1,086	1,122	367.94	698.22
	3,425	3,831	2,969	1,632	1,041	476.68	339.65	324.33	144.54	206.96
	5,319	9,951	8,005	3,335	2,422	787.70	1,046	1,040	505.91	594.20
	47.21	75.66	60.67	27.23	21.78	7.06	8.39	10.35	5.69	—
Key metrics
	23,722	25,679	20,668	12,522	9,656	4,726	3,000	3,167	2,383	2,004
	18.62%	25.60%	21.10%	13.00%	7.00%	6.80%	7.60%	7.30%	5.90%	5.40%
	4.18%	9.90%	8.20%	3.50%	1.80%	1.10%	2.60%	2.40%	1.30%	1.60%
	—	9.60%	10.90%	—	—	—	—	—	—	—
	36.95%	2.60%	1.50%	-29.60%	97.30%	75.60%	-8.90%	7.50%	8.00%	—
	-11.37%	24.30%	140.00%	37.70%	207.40%	-24.70%	0.60%	105.60%	-14.90%	—
	—	-31,012	-24,641	—	—	—	—	—	—	—
	—	0.24	0.57	—	—	—	—	—	—	—
	—	1.27	1.35	—	—	—	—	—	—	—
	—	1,07,435	73,131	—	—	—	—	—	—	—
	—	39.9	-3.5	—	—	—	—	—	—	—
Balance sheet
	—	2,61,600	1,98,136	—	—	—	—	—	—	—
	—	60,959	40,726	—	—	—	—	—	—	—
	—	6,267	3,106	—	—	—	—	—	—	—
	—	12,543	9,616	—	—	—	—	—	—	—
	—	18,713	10,287	—	—	—	—	—	—	—
	—	8,501	6,586	—	—	—	—	—	—	—
	—	98,374	67,155	—	—	—	—	—	—	—
	—	20,290	20,868	—	—	—	—	—	—	—
	—	58,912	47,383	—	—	—	—	—	—	—
	—	1,13,702	76,236	—	—	—	—	—	—	—
	—	19,524	11,635	—	—	—	—	—	—	—
	—	94,178	64,601	—	—	—	—	—	—	—
	—	89,178	56,470	—	—	—	—	—	—	—
Cash flow
	—	2,357	4,530	—	—	—	—	—	—	—
	—	-28,438	-26,259	—	—	—	—	—	—	—
	—	28,484	21,947	—	—	—	—	—	—	—
	—	33,369	29,171	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	5,968	5,954	6,810	5,304	5,066	5,876	6,165	6,157	6,587	7,801	9,210	11,247
	1,163	869.51	919.02	647.01	542.85	492.38	494.21	429.92	358.81	321.13	346.48	377.11
	7,130	6,823	7,729	5,951	5,609	6,368	6,659	6,587	6,946	8,122	9,557	11,624
	5,534	5,369	7,101	5,396	4,913	5,688	6,026	5,859	6,094	7,301	8,520	10,660
	0.00	0.00	0.00	0.00	2,840	0.00	0.00	—	—	—	—	—
	4,059	3,135	4,763	3,436	0.00	3,991	3,999	3,449	4,539	5,375	6,671	9,657
	303.03	340.30	231.57	223.00	245.88	309.30	181.91	161.68	182.81	312.59	171.14	154.01
	266.23	294.41	408.55	519.52	469.80	349.63	339.58	289.84	206.44	172.72	207.82	167.90
	50.19	48.46	57.44	46.41	42.71	41.75	40.98	37.56	38.73	37.57	37.41	35.51
	1,215	1,353	2,009	1,100	1,064	1,118	1,420	—	—	—	—	—
	1,596	1,454	628.00	555.06	696.42	680.35	632.89	727.64	852.16	821.35	1,036	964.54
	0.00	-2,644	0.00	5,871	3,729	0.00	3,870	—	—	—	—	—
	1,596	-1,190	628.00	6,426	4,425	680.35	4,503	727.64	852.16	821.35	1,036	964.54
	371.65	299.56	284.44	129.91	190.76	176.31	227.54	189.39	218.63	215.33	261.20	246.08
	1,224	-890.34	343.56	6,296	4,234	504.04	4,275	534.59	627.99	602.26	776.71	718.46
	9.07	-6.84	2.66	52.63	36.69	4.37	37.04	4.70	5.56	5.31	6.80	6.31
Key metrics
	1,913	-847.03	1,094	6,992	4,938	1,072	4,883	1,055	1,097	1,032	1,282	1,168
	32.00%	-14.20%	16.10%	131.80%	97.50%	18.20%	79.20%	17.10%	16.70%	13.20%	13.90%	10.40%
	20.50%	-15.00%	5.00%	118.70%	83.60%	8.60%	69.40%	8.70%	9.50%	7.70%	8.40%	6.40%
	2.20%	—	1.50%	—	10.70%	—	13.30%	—	—	—	—	—
	17.80%	1.30%	10.50%	-13.80%	-23.10%	-24.70%	-33.10%	-45.30%	—	—	—	—
	-71.10%	-276.60%	-92.00%	1,077.70%	574.30%	-16.30%	450.40%	-25.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	24,036	23,056	26,709	32,012	67,325	26,824	13,359	16,209	15,541	9,550
	3,598	2,601	1,604	1,667	1,268	503.50	391.92	410.33	382.30	616.21
	27,634	25,657	28,313	33,679	68,592	27,328	13,751	16,619	15,924	10,166
	23,401	23,098	25,279	29,884	66,307	26,214	12,983	15,965	15,276	9,677
	0.00	0.00	0.00	—	—	—	—	—	—	—
	15,393	15,030	17,362	21,982	57,222	26,608	10,125	12,304	13,230	8,508
	1,098	1,010	838.99	702.03	651.90	381.84	312.17	275.87	239.36	235.34
	1,489	1,748	1,009	638.19	665.21	571.33	505.93	381.01	581.07	666.35
	202.50	188.30	154.85	142.59	131.04	124.73	121.51	120.97	101.19	87.41
	5,676	5,290	4,810	—	—	—	—	—	1,347	833.07
	4,233	2,560	3,034	3,795	2,285	1,113	768.11	654.21	648.02	488.94
	3,227	9,600	3,870	—	-71.67	—	-212.85	315.34	-20.82	-181.05
	7,460	12,159	6,904	3,795	2,214	1,113	555.26	969.55	627.20	307.89
	1,086	781.42	850.89	952.36	591.01	392.55	186.45	270.66	142.29	96.91
	6,974	11,378	6,040	2,844	1,623	720.70	368.81	698.89	487.24	197.03
	57.52	93.26	52.80	24.94	14.29	6.55	3.35	6.35	4.41	—
Key metrics
	9,151	14,095	8,068	4,576	3,010	1,809	1,183	1,472	1,309	1,062
	38.07%	61.10%	30.20%	14.30%	4.50%	6.70%	8.90%	9.10%	8.40%	11.10%
	29.01%	49.30%	22.60%	8.90%	2.40%	2.70%	2.80%	4.30%	3.10%	2.10%
	—	19.80%	21.70%	—	—	—	—	—	—	—
	3.32%	-13.70%	-16.60%	-52.50%	151.00%	100.80%	-17.60%	4.30%	62.70%	—
	-26.97%	88.40%	112.40%	75.30%	125.20%	95.40%	-47.20%	43.40%	147.30%	—
	—	-4,457	-4,547	—	—	—	—	—	—	—
	—	-0.28	-0.61	—	—	—	—	—	—	—
	—	0.17	0.47	—	—	—	—	—	—	—
	—	8,308	12,443	—	—	—	—	—	—	—
	—	26.9	-70.6	—	—	—	—	—	—	—
Balance sheet
	—	82,225	50,338	—	—	—	—	—	—	—
	—	32,352	23,978	—	—	—	—	—	—	—
	—	2,512	237.37	—	—	—	—	—	—	—
	—	4,108	2,292	—	—	—	—	—	—	—
	—	2,066	1,897	—	—	—	—	—	—	—
	—	1,313	948.23	—	—	—	—	—	—	—
	—	880.76	1,058	—	—	—	—	—	—	—
	—	4,475	9,354	—	—	—	—	—	—	—
	—	11,871	13,837	—	—	—	—	—	—	—
	—	10,820	12,681	—	—	—	—	—	—	—
	—	3,840	3,218	—	—	—	—	—	—	—
	—	6,980	9,462	—	—	—	—	—	—	—
	—	62,779	26,699	—	—	—	—	—	—	—
Cash flow
	—	-3,240	-3,714	—	—	—	—	—	—	—
	—	-15,491	-6,466	—	—	—	—	—	—	—
	—	21,006	9,941	—	—	—	—	—	—	—
	—	1,217	832.96	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -30.04%
Sales CAGR 5Y: +11.53%
Profit CAGR 3Y: +91.40%
Profit CAGR 5Y: +98.54%
Sales YoY (TTM): +3.32%
Profit YoY (TTM): -26.97%

Consolidated

Sales CAGR 3Y: -9.82%
Sales CAGR 5Y: +20.50%
Profit CAGR 3Y: +60.17%
Profit CAGR 5Y: +56.92%
Sales YoY (TTM): +36.95%
Profit YoY (TTM): -11.37%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.97%

Quarter	September 2026	07 Jul 2026	June 2026
Promoter %	71.97%	71.96%	74.84%

Holder	Type	Holding	Previous	Change
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)	Promoter Group	47.43%	47.43%	0.00%
Adani Tradeline Private Limited	Promoter Group	8.89%	8.89%	0.00%
Life Insurance Corporation Of India	Public	3.25%	3.25%	0.00%
Kempas Trade And Investment Ltd	Promoter Group	3.06%	3.06%	0.00%
Green Enterprises Investment Holding Rsc Limited	Public	2.97%	2.97%	0.00%
Flourishing Trade And Investment Ltd	Promoter Group	2.81%	2.81%	0.00%
Sbi Aggressive Hybrid Fund	Public	2.69%	—	—
Afro Asia Trade And Investments Limited	Promoter Group	2.50%	2.50%	0.00%
Worldwide Emerging Market Holding Limited	Promoter Group	2.50%	2.50%	0.00%
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund	Public	1.82%	1.98%	-0.16%
Emerging Market Investment Dmcc	Promoter Group	1.59%	1.59%	0.00%
Infinite Trade And Investment Ltd	Promoter Group	1.38%	2.01%	-0.63%
Quant Mutual Fund - Quant Small Cap Fund	Public	1.27%	1.30%	-0.03%
Adani Infra (India) Limited	Promoter Group	0.92%	0.66%	+0.26%
Adani Properties Private Limited	Promoter Group	0.39%	0.01%	+0.38%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Adani Enterprises Ltd.	3,66,103	2,705.00	68.84	9.60%	+36.95% TTM	-11.37% TTM	—
STARLINEPS ENTERPRISES LIMITED S	315	7.31	731.00	1.10%	+52.74% TTM	-86.33% TTM	+267.34%
Rajdarshan Industries Ltd.	11	34.96	-169.79	0.20%	-24.00% TTM	-175.00% TTM	-27.06%

Filings & corporate actions

Recent announcements

Earning Call Transcript - Investor Call for unaudited financial results for the quarter and half year ended on 30.09.20263 Nov 2026 · Company Update / Earnings Call Transcript
Monitoring Agency Report - Funds raised through QIP Issue29 Oct 2026 · Company Update / Monitoring Agency Report
Monitoring Agency Report - Funds raised through Rights issue29 Oct 2026 · Company Update / Monitoring Agency Report
Submission of Audio recording of Analyst / investor call pertaining to unaudited financial results for the quarter and half year ended on September 30, 202628 Oct 2026 · Company Update / General
Statement of Deviation for funds raised through Rights Issue28 Oct 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Statement of Deviation - QIP Issue28 Oct 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Submission of Revised Media Release for unaudited financial results for the quarter and half year ended on September 30, 202628 Oct 2026 · Company Update / Press Release / Media Release (Revised)
Media Release on unaudited financial results for the quarter and half year ended on September 30, 202628 Oct 2026 · Company Update / Press Release / Media Release
Intimation for investor presentation on unaudited financial results for the quarter and half year ended on September 30, 202628 Oct 2026 · Company Update / Investor Presentation
Clarification on outcome of Board Meeting held on October 28, 202628 Oct 2026 · Company Update / General
Intimation for Asset Cover Certificate28 Oct 2026 · Others / Reg. 54 - Asset Cover details
Financial Results for the quarter and half year ended on September 30, 202628 Oct 2026 · Result / Financial Results
Outcome of the meeting of the Board of Directors of Adani Enterprises Limited held on October 28, 202628 Oct 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Postal Ballot24 Oct 2026 · AGM/EGM / Postal Ballot
Voting Results and Scrutinizer''s report on the postal ballot24 Oct 2026 · AGM/EGM / Postal Ballot
Intimation of submission of Media Release13 Oct 2026 · Company Update / Press Release / Media Release
Adani Enterprises Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....13 Oct 2026 · Board Meeting / Board Meeting
Intimation of updates on Credit Rating under Reg. 30(6) of SEBI Regulations7 Oct 2026 · Company Update / Credit Rating
Intimation under Reg. 74(5) of SEBI (DP) Regulations 20187 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for interaction with Investors / Analyst.7 Oct 2026 · Company Update / Analyst / Investor Meet
Issue of advertisement in newspaper regarding the reminder notice for payment of outstanding calls on partly paid up equity shares of the Company pursuant to rights issue of the Company5 Oct 2026 · Company Update / Newspaper Publication
Disclosure pursuant to Chapter XIV of SEBI master Circular dated May 22, 20241 Oct 2026 · Others / Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
Intimation for Rumour verification under Reg 30(11)1 Oct 2026 · Others
Outcome of Rights Issue Committee Meeting held on Wednesday, September 30, 202630 Sep 2026 · Others / Outcome without intimation
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Adani Properties Pvt Ltd & Others30 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has sought clarification from Adani Enterprises Ltd on September 29, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 29, 2026 quoting ....29 Sep 2026 · Company Update / Clarification
Disclosure under Regulation 30 of SEBI (LODR) Reg, 201529 Sep 2026 · Company Update / General
Intimation for Closure of Trading window26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation for acquisition of 50% stake of Monvarex Aluminium Holding RSC Ltd by Adani Global Limited, a wholly owned subsidiary of the Company26 Sep 2026 · Company Update / Acquisition
Disclosure under Reg 30 of SEBI (LODR) Reg, 201522 Sep 2026 · Company Update / General
Intimation of newspaper advertisement for dispatch of notice of postal ballot22 Sep 2026 · Company Update / Newspaper Publication
Intimation for dispatch of notice of Postal Ballot21 Sep 2026 · AGM/EGM / Postal Ballot
Intimation for Press Release - Adani Airport to raise USD 1 billion of primary equity from Marquee global investors9 Sep 2026 · Company Update / Press Release / Media Release
Intimation relating to entering into Shareholders'' Agreement by the Company9 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Intimation of Investor / Analyst Meet7 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of acquisition of Chandenvalle Infra Park Limited by AdaniConnex Private Limited, a joint venture of the Company27 Aug 2026 · Company Update / Acquisition
Intimation for Investor / Analyst Meet24 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation relating to change in Directorate of the Company21 Aug 2026 · Company Update / Change in Management
Intimation of Investor / Analyst Meet20 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation for acquisition of Path Highways LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani GRICL Limited, a step down subsidiary of the Company13 Aug 2026 · Company Update / Acquisition

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.3000	12 Jun 2026	12 Jun 2026	—
Right Issue of Equity Shares	17 Nov 2025	17 Nov 2025	—
Final Dividend - Rs. - 1.3000	13 Jun 2025	13 Jun 2025	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results