Ankündigung • Jul 28
Adani Energy Solutions Limited has filed a Follow-on Equity Offering. Adani Energy Solutions Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 21,700,000
Price(minimum): INR 1698.15
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Jul 22
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: EPS: ₹9.57 (up from ₹4.27 in 1Q 2026). Revenue: ₹98.5b (up 45% from 1Q 2026). Net income: ₹11.5b (up 124% from 1Q 2026). Profit margin: 12% (up from 7.5% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 16
Price target increased by 11% to ₹1,607 Up from ₹1,448, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₹1,690. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₹25.50 for next year compared to ₹19.00 last year. Ankündigung • May 26
IntelliSmart Infrastructure Reportedly Enters Final Leg Of Sale Process With Adani Energy Solutions, GMR Smart Electricity Distribution, Genus Power Infrastructures And Partners Group In Shortlist India's leading smart meter platform IntelliSmart Infrastructure (IntelliSmart Infrastructure Private Limited) has entered the final leg of its sale process, with an Adani Group entity in the four-bidder shortlist for the next round of negotiations, multiple people aware of the development told ET. The proposed transaction is expected to value IntelliSmart at an equity valuation of around $400 million (INR 37,000 million). Adani Energy Solutions Limited (NSEI:ADANIENSOL), GMR Smart Electricity Distribution (Gmr Smart Electricity Distribution Private Limited), GIC-backed Genus Power Infrastructures Limited (BSE:530343) and Swiss fund Partners Group Holding AG (SWX:PGHN) have advanced to the second round of discussions, with binding bids expected by mid-June. The shortlisted bidders have commenced due diligence, sources said. IntelliSmart, jointly owned by National Investment and Infrastructure Fund Limited (NIIF) and financially stressed Energy Efficiency Services Limited (EESL), had attracted nearly 10 initial bids and 4-5 potential buyers were likely to be shortlisted for detailed due diligence, ET reported last month. Emails sent to Adani, GMR, Genus Power, Partners Group and NIIF did not elicit any response till press time. NIIF holds a 51% stake in IntelliSmart, while EESL owns the remaining 49%. Price Target Changed • Apr 27
Price target increased by 8.0% to ₹1,220 Up from ₹1,129, the current price target is an average from 8 analysts. New target price is 15% below last closing price of ₹1,437. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹25.76 for next year compared to ₹19.00 last year. Ankündigung • Apr 24
Adani Energy Solutions Limited, Annual General Meeting, Jun 25, 2026 Adani Energy Solutions Limited, Annual General Meeting, Jun 25, 2026, at 12:30 Indian Standard Time. Reported Earnings • Apr 24
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹19.00 (up from ₹9.05 in FY 2025). Revenue: ₹283.3b (up 19% from FY 2025). Net income: ₹22.8b (up 115% from FY 2025). Profit margin: 8.1% (up from 4.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1,158, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 22x in the Electric Utilities industry in India. Total returns to shareholders of 12% over the past three years. Ankündigung • Apr 03
Big Global Investors, Local Cos Reportedly Eye IntelliSmart as Smart Meter Push Gains Pace in India More than half a dozen potential suitors including global investors Brookfield Corporation (TSX:BN), Macquarie Group Limited (ASX:MQG), KKR & Co. Inc. (NYSE:KKR), and Actis LLP are in early-stage talks to acquire IntelliSmart Infrastructure Private Limited, said people familiar with the matter, reflecting strong investor interest in India's growing market for smart meters. Homegrown smart meter manufacturers such as Adani Energy Solutions Limited (NSEI:ADANIENSOL), I Squared Capital-owned Polaris Smart Metering Private Limited, GIC-backed Genus Power Infrastructures Limited (BSE:530343), and Apraava Energy Private Limited are also evaluating the opportunity, the people said. IntelliSmart is owned 51% by
India's sovereign wealth fund National Investment and Infrastructure Fund Limited (NIIF) and 49% by debt-laden Energy Energy Efficiency Services Limited (EESL). Promoters of IntelliSmart are seeking an enterprise valuation of about $700 million (INR 65,200 million), the people said. Deloitte is managing the sale process, with the interested parties expected to submit non-binding bids within a few weeks. A spokesperson for Macquarie declined to comment. NIIF, EESL, KKR, Brookfield, Actis, Adani Energy, Apraava, Polaris, and Genus didn't respond to queries. However, a large debt pile is believed to have prompted the sale of IntelliSmart. Ankündigung • Apr 02
Adani Energy Solutions Limited to Report Q4, 2026 Results on Apr 23, 2026 Adani Energy Solutions Limited announced that they will report Q4, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,017, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Electric Utilities industry in India. Total loss to shareholders of 14% over the past three years. Ankündigung • Jan 23
Adani Energy Solutions Limited Announces Change of Chief Digital Officer, Effective January 22, 2026 Adani Energy Solutions Limited appointed Venkata Rama Srinivas Gutta as Chief Digital Officer on 22nd January, 2026. Dr. Srinivas Gutta is an eminent Digital Innovation leader with nearly three decades of global experience across strategy, venture creation, and digital proposition development. Dr. Srinivas Gutta's impactful tenure at Philips included pioneering breakthroughs in video surveillance, biometrics, and ambient lighting—most notably the award-winning AmbiLight TV—and leading strategic transformation initiatives for over 60,000 employees. Renowned for his passion and customer-centric leadership, Dr. Gutta excels in building high-performing teams, leveraging emerging technologies, and delivering innovative solutions that exceed expectations. Academically, he holds a Ph.D. and M.S. in Computer Science from George Mason University, USA, with specialisation in Machine Learning and Computer Vision, and a B.E. from NIE Mysore. His prolific output includes over 50 publications, more than 150 US patents, and numerous prestigious awards, reflecting his unwavering commitment to digital transformation and innovation excellence. Dr. Arivarasu Selvaraj ceased as Chief Digital Officer due to Organisational restructuring on 22nd January, 2026. Reported Earnings • Jan 23
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹4.60 (down from ₹4.85 in 3Q 2025). Revenue: ₹67.3b (up 15% from 3Q 2025). Net income: ₹5.52b (down 1.7% from 3Q 2025). Profit margin: 8.2% (down from 9.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Ankündigung • Jan 05
Adani Energy Solutions Limited to Report Q3, 2026 Results on Jan 22, 2026 Adani Energy Solutions Limited announced that they will report Q3, 2026 results on Jan 22, 2026 Reported Earnings • Oct 28
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹4.44 (down from ₹6.09 in 2Q 2025). Revenue: ₹67.7b (up 9.4% from 2Q 2025). Net income: ₹5.34b (down 21% from 2Q 2025). Profit margin: 7.9% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Ankündigung • Oct 18
Adani Energy Solutions Limited to Report Q2, 2026 Results on Oct 27, 2025 Adani Energy Solutions Limited announced that they will report Q2, 2026 results on Oct 27, 2025 Buy Or Sell Opportunity • Sep 17
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₹826. The fair value is estimated to be ₹1,043, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Jul 25
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹4.27 (up from ₹13.11 loss in 1Q 2025). Revenue: ₹68.2b (up 112% from 1Q 2025). Net income: ₹5.12b (up ₹19.7b from 1Q 2025). Profit margin: 7.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Ankündigung • Jul 18
Adani Energy Solutions Limited to Report Q1, 2026 Results on Jul 24, 2025 Adani Energy Solutions Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Board Change • Jul 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hemant Nerurkar was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 02
Adani Energy Solutions Limited Announces Resignation of Amiya Chandra as Non-Executive & Independent Director, Effective July 02, 2025 Adani Energy Solutions Limited announced that Dr. Amiya Chandra (DIN: 10827510) Non-Executive & Independent Director of the Company has tendered his resignation from the directorship of the Company vide letter dated July 02, 2025 with immediate effect due to personal exigencies that require immediate and sustained attention. Ankündigung • Jun 26
Adani Energy Solutions Limited Approves Board Appointments Adani Energy Solutions Limited at its AGM held on June 25, 2025, approved the appointment of Mr. Hemant Nerurkar as an Independent Director of the Company for the first term of three Years., Mrs. Chandra Iyengar as an Independent Director of the Company for the first term of 3 Years, Dr. Amiya Chandra as an Independent Director of the Company for the first term of 3 Years and Mr. Kandarp Patel as whole-time Director of the Company. Price Target Changed • Apr 28
Price target decreased by 7.1% to ₹1,314 Down from ₹1,415, the current price target is an average from 4 analysts. New target price is 42% above last closing price of ₹925. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₹29.37 for next year compared to ₹9.05 last year. Reported Earnings • Apr 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹9.05 (down from ₹10.20 in FY 2024). Revenue: ₹244.5b (up 47% from FY 2024). Net income: ₹10.6b (down 6.8% from FY 2024). Profit margin: 4.3% (down from 6.8% in FY 2024). Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Ankündigung • Apr 24
Adani Energy Solutions Limited, Annual General Meeting, Jun 25, 2025 Adani Energy Solutions Limited, Annual General Meeting, Jun 25, 2025, at 12:30 Indian Standard Time. Ankündigung • Mar 25
Adani Energy Solutions Limited Announces Chief Digital Officer Changes Adani Energy Solutions Limited announced changes in senior management personnel (SMP). Dr. Arivarasu Selvaraj has been Appointed as Chief Digital Officer, effective 24 March, 2025. Dr. Selvaraj has been with Adani Group for over 3 years. In his last role, he was the Chief Digital Officer for Adani Total Gas Limited (ATGL). He has over 27 years of experience globally. Prior to joining Adani Group he has worked with Columbus, Recconix, Wipro, Microland, Datapro etc. He has done his B.E. (Computer Science & Engineering) from Kuvempu University and Advanced Management Program from IIM, Bangalore. He has done his Doctorate Program in Artificial Intelligence from ISB, Hyderabad and is also a certified executive coach. The company announced cessation of Mr. Kamal Ajitsaria as Chief Digital Officer due to organizational restructuring, effective 24 March, 2025. Ankündigung • Mar 22
Adani Energy Solutions Limited (NSEI:ADANIENSOL) acquired PFC Consulting Limited from Power Finance Corporation Limited (NSEI:PFC) for approximately INR 190 million. Adani Energy Solutions Limited (NSEI:ADANIENSOL) acquired PFC Consulting Limited from Power Finance Corporation Limited (NSEI:PFC) for approximately INR 190 million on March 20, 2025. A cash consideration of INR 186.51 million will be paid by Adani Energy Solutions Limited. As part of consideration, INR 186.51 million is paid towards common equity of PFC Consulting Limited.
Adani Energy Solutions Limited (NSEI:ADANIENSOL) completed the acquisition of PFC Consulting Limited from Power Finance Corporation Limited (NSEI:PFC) for approximately INR 190 million on March 20, 2025. Reported Earnings • Jan 24
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ₹4.85 (up from ₹2.92 in 3Q 2024). Revenue: ₹58.3b (up 28% from 3Q 2024). Net income: ₹5.62b (up 73% from 3Q 2024). Profit margin: 9.6% (up from 7.1% in 3Q 2024). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Lisa MacCallum was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Price Target Changed • Nov 20
Price target decreased by 9.6% to ₹1,487 Down from ₹1,645, the current price target is an average from 4 analysts. New target price is 71% above last closing price of ₹872. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₹16.16 for next year compared to ₹10.20 last year. Reported Earnings • Oct 23
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹6.09 (up from ₹2.47 in 2Q 2024). Revenue: ₹63.6b (up 73% from 2Q 2024). Net income: ₹6.75b (up 145% from 2Q 2024). Profit margin: 11% (up from 7.5% in 2Q 2024). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year. Ankündigung • Oct 15
Adani Energy Solutions Limited (NSEI:ADANIENSOL) acquired Jamnagar Transmission Limited from PFC Consulting Limited. Adani Energy Solutions Limited (NSEI:ADANIENSOL) entered into share purchase agreement to acquire Jamnagar Transmission Limited from PFC Consulting Limited on October 14, 2024. A cash consideration will be paid by Adani Energy Solutions Limited.
Adani Energy Solutions Limited (NSEI:ADANIENSOL) completed the acquisition of Jamnagar Transmission Limited from PFC Consulting Limited on October 15, 2024. Price Target Changed • Sep 20
Price target increased by 29% to ₹1,808 Up from ₹1,400, the current price target is an average from 2 analysts. New target price is 80% above last closing price of ₹1,007. The company is forecast to post earnings per share of ₹18.90 for next year compared to ₹10.20 last year. Ankündigung • Aug 05
Adani Energy Solutions Limited has completed a Follow-on Equity Offering in the amount of INR 83.731 billion. Adani Energy Solutions Limited has completed a Follow-on Equity Offering in the amount of INR 83.731 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 85,789,959
Price\Range: INR 976
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Jul 26
First quarter 2025 earnings released: ₹7.39 loss per share (vs ₹1.57 profit in 1Q 2024) First quarter 2025 results: ₹7.39 loss per share (down from ₹1.57 profit in 1Q 2024). Revenue: ₹54.9b (up 50% from 1Q 2024). Net loss: ₹8.24b (down ₹9.99b from profit in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Ankündigung • May 23
Adani Energy Solutions Limited announced a financing transaction Adani Energy Solutions Limited announced a private placement to issue common shares on May 22, 2024. The transaction will include participation from a qualified institutions placement, preferential issue, or any other method or combination of methods as may be permitted under applicable laws The transaction is subject to general shareholders which to be held on May 27, 2024 and to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company. Reported Earnings • May 01
Full year 2024 earnings released: EPS: ₹10.20 (vs ₹11.10 in FY 2023) Full year 2024 results: EPS: ₹10.20 (down from ₹11.10 in FY 2023). Revenue: ₹172.2b (up 30% from FY 2023). Net income: ₹11.4b (down 8.0% from FY 2023). Profit margin: 6.6% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.9% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in India are expected to grow by 8.5%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Apr 23
Adani Energy Solutions Limited to Report Q4, 2024 Results on Apr 30, 2024 Adani Energy Solutions Limited announced that they will report Q4, 2024 results on Apr 30, 2024 Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹2.92 (vs ₹4.26 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.92 (down from ₹4.26 in 3Q 2023). Revenue: ₹48.2b (up 36% from 3Q 2023). Net income: ₹3.25b (down 32% from 3Q 2023). Profit margin: 6.7% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹868, the stock trades at a trailing P/E ratio of 74.5x. Average forward P/E is 18x in the Electric Utilities industry in India. Total returns to shareholders of 129% over the past three years. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: ₹2.47 (vs ₹1.85 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.47 (up from ₹1.85 in 2Q 2023). Revenue: ₹37.7b (up 16% from 2Q 2023). Net income: ₹2.76b (up 34% from 2Q 2023). Profit margin: 7.3% (up from 6.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 27
Adani Energy Solutions Limited to Report Q2, 2024 Results on Nov 06, 2023 Adani Energy Solutions Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Ankündigung • Aug 18
Adani Energy Solutions Limited (NSEI:ADANITRANS) entered into definitive documents to acquire KPS1 Transmission Limited from Megha Engineering & Infrastructures Limited. Adani Energy Solutions Limited (NSEI:ADANITRANS) entered into definitive documents to acquire KPS1 Transmission Limited from Megha Engineering & Infrastructures Limited on August 17, 2023. The transaction is expected to close within 15 days. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: ₹1.57 (vs ₹1.50 in 1Q 2023) First quarter 2024 results: EPS: ₹1.57. Revenue: ₹37.7b (up 20% from 1Q 2023). Net income: ₹1.75b (down 5.9% from 1Q 2023). Profit margin: 4.6% (down from 5.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Electric Utilities industry in India. Ankündigung • Jul 25
Adani Transmission Limited to Report Q1, 2024 Results on Jul 31, 2023 Adani Transmission Limited announced that they will report Q1, 2024 results on Jul 31, 2023 Ankündigung • Jun 26
Adani Transmission Limited, Annual General Meeting, Jul 19, 2023 Adani Transmission Limited, Annual General Meeting, Jul 19, 2023, at 11:00 Indian Standard Time. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹11.10 (vs ₹8.90 in FY 2022) Full year 2023 results: EPS: ₹11.10 (up from ₹8.90 in FY 2022). Revenue: ₹132.9b (up 18% from FY 2022). Net income: ₹12.6b (up 28% from FY 2022). Profit margin: 9.5% (in line with FY 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 24
Adani Transmission Limited to Report Q4, 2023 Results on May 29, 2023 Adani Transmission Limited announced that they will report Q4, 2023 results on May 29, 2023 Ankündigung • May 13
Adani Reportedly in Talks for $2 Billion - $2.5 Billion Stake Sales in 3 Group Cos Adani Group is in discussions with potential investors to raise $2 billion - $2.5 billion via share sales in Adani Enterprises Limited (BSE:512599), Adani Transmission Limited (NSEI:ADANITRANS) and Adani Green Energy Limited (NSEI:ADANIGREEN), said people aware of the matter. This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people cited above. Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹4.26 (vs ₹1.85 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.26 (up from ₹1.85 in 3Q 2022). Revenue: ₹37.2b (up 28% from 3Q 2022). Net income: ₹4.75b (up 78% from 3Q 2022). Profit margin: 13% (up from 9.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 62%. The fair value is estimated to be ₹1,631, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 8.7% in 2 years. Earnings is forecast to grow by 138% in the next 2 years. Ankündigung • Jan 19
Adani Transmission Limited (NSEI:ADANITRANS) completed the acquisition of WRSR Power Transmission Limited from REC Power Development and Consultancy Limited. Adani Transmission Limited (NSEI:ADANITRANS) bid to acquire WRSR Power Transmission Limited from REC Power Development and Consultancy Limited on December 30, 2022. The Board of Directors of the REC Limited approved the sale. The acquisition is expected to complete during the financial year 2022-23.
Adani Transmission Limited (NSEI:ADANITRANS) completed the acquisition of WRSR Power Transmission Limited from REC Power Development and Consultancy Limited on January 17, 2023. Price Target Changed • Nov 16
Price target increased to ₹2,966 Up from ₹221, the current price target is an average from 2 analysts. New target price is 9.3% below last closing price of ₹3,270. Stock is up 76% over the past year. The company is forecast to post earnings per share of ₹13.20 for next year compared to ₹8.90 last year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Additional Non-Executive Independent Director Lisa MacCallum was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: ₹1.85 (vs ₹1.90 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.85 (down from ₹1.90 in 2Q 2022). Revenue: ₹32.5b (up 28% from 2Q 2022). Net income: ₹2.06b (down 24% from 2Q 2022). Profit margin: 6.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Reported Earnings • Jul 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.90 (down from ₹9.02 in FY 2021). Revenue: ₹112.6b (up 13% from FY 2021). Net income: ₹9.78b (down 1.4% from FY 2021). Profit margin: 8.7% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 13%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.90. Revenue: ₹112.6b (up 13% from FY 2021). Net income: ₹12.0b (up 21% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in India. Price Target Changed • Apr 27
Price target increased to ₹1,010 Up from ₹221, the current price target is provided by 1 analyst. New target price is 63% below last closing price of ₹2,714. Stock is up 157% over the past year. The company is forecast to post earnings per share of ₹10.10 for next year compared to ₹9.02 last year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Additional Non-Executive Independent Director Lisa MacCallum was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹1.85 (down from ₹3.08 in 3Q 2021). Revenue: ₹30.9b (up 19% from 3Q 2021). Net income: ₹2.67b (down 33% from 3Q 2021). Profit margin: 8.7% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 14%, compared to a 10% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Additional Non-Executive Independent Director Lisa MacCallum was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2022 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹26.8b (up 24% from 2Q 2021). Net income: ₹2.73b (up 32% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021). Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. MD, CEO & Executive Director Anil Sardana was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Aug 20
Insider recently sold ₹9.8m worth of stock On the 17th of August, Anil Gupta sold around 10k shares on-market at roughly ₹983 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,123, the stock trades at a forward P/E ratio of 103x. Average forward P/E is 16x in the Electric Utilities industry in India. Total returns to shareholders of 563% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹3.50 (vs ₹1.29 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: ₹28.3b (up 16% from 1Q 2021). Net income: ₹4.35b (up 14% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS ₹9.02 (vs ₹3.26 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹99.3b (down 13% from FY 2020). Net income: ₹9.92b (up 177% from FY 2020). Profit margin: 10.0% (up from 3.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 106% per year, which means it is well ahead of earnings. Major Estimate Revision • May 13
Consensus EPS estimates fall to ₹10.10 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₹123.5b to ₹120.1b. EPS estimate also fell from ₹11.30 to ₹10.10. Net income forecast to shrink 9.3% next year vs 13% growth forecast for Electric Utilities industry in India . Consensus price target up from ₹221 to ₹245. Share price rose 6.4% to ₹1,204 over the past week. Reported Earnings • May 10
Full year 2021 earnings released: EPS ₹9.02 (vs ₹3.26 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹99.3b (down 13% from FY 2020). Net income: ₹12.2b (up 241% from FY 2020). Profit margin: 12% (up from 3.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 94% per year, which means it is well ahead of earnings. Executive Departure • Feb 09
Chief Financial Officer has left the company On the 2nd of February, Kaushal Shah's tenure as Chief Financial Officer ended after 5.3 years in the role. We don't have any record of a personal shareholding under Kaushal's name. Kaushal is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS ₹3.08 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹27.3b (down 1.6% from 3Q 2020). Net income: ₹4.78b (up 135% from 3Q 2020). Profit margin: 18% (up from 7.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 61%. Over the next year, revenue is forecast to grow 13%, compared to a 11% growth forecast for the Electric Utilities industry in India. Ankündigung • Jan 29
Adani Transmission Limited to Report Q3, 2021 Results on Feb 04, 2021 Adani Transmission Limited announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Jan 20
New 90-day high: ₹456 The company is up 56% from its price of ₹293 on 22 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 28% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₹441 The company is up 70% from its price of ₹260 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 26% over the same period. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue and earnings miss expectations Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 61%. Over the next year, revenue is forecast to grow 10%, compared to a 7.4% growth forecast for the Electric Utilities industry in India. Is New 90 Day High Low • Nov 05
New 90-day high: ₹299 The company is up 20% from its price of ₹250 on 07 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹341 per share. Ankündigung • Oct 28
Adani Transmission Limited to Report Q2, 2021 Results on Nov 05, 2020 Adani Transmission Limited announced that they will report Q2, 2021 results on Nov 05, 2020