Analysts have adjusted their price target for Adani Enterprises downward by ₹30 to ₹2,965. This change reflects improved profit margins and stronger revenue growth projections, but also a slightly lower calculated fair value.
What's in the News
- Adani Enterprises added to the FTSE All-World Index, increasing its visibility to global investors.
- The company is likely to be the highest bidder to acquire Jaiprakash Associates through insolvency proceedings. This could potentially accelerate sector consolidation.
- Several new subsidiaries have been incorporated, including Brahmani Barrage Water Limited, Munger Sultanganj Road Limited, and Morsagar Bisalpur Water Limited. These moves mark continued expansion in infrastructure and water resource management.
- Adani Enterprises filed a significant Follow-on Equity Offering amounting to INR 250 billion to support growth initiatives.
- The group is in discussions to acquire hydro power assets from Statkraft India and is pursuing a majority stake in Shree Digvijay Cement Company, signaling ongoing interests in the energy and cement sectors.
Valuation Changes
- Fair Value has decreased modestly, from ₹2,995 to ₹2,965.
- Discount Rate has edged slightly lower, moving from 15.52% to 15.49%.
- Revenue Growth is projected higher, increasing from 18.26% to 19.23%.
- Net Profit Margin has improved, rising from 4.13% to 4.32%.
- Future P/E has fallen significantly, from 97.59x to 77.43x.
Disclaimer
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