Adani Energy Solutions (NSE: ADANIENSOL) share: Brokerages seem bullish on Gautam Adani Group company – Adani Energy Solutions Limited.
Domestic brokerage house has estimated an increase of about 60 percent on this stock.
According to the brokerage, this Adani company is ready to expand in India’s power transmission and distribution (T&D) sector. Because of this, the stock is expected to rise.
What Is The Target Price?
The Brokerage initiated coverage of Adani Energy Solutions, with a price target of ₹1633 over the next 24 months.
Currently, the price of this share is at the level of Rs 1000. The share had touched the level of Rs 1250 in January this year, which is also a 52-week high.
In December 2023 and November 2023, the stock gained over 20 percent and 13% respectively.
The stock’s 52-week low is Rs ₹686.90. Accordingly, the stock has increased by more than 47 percent.
What Did The Brokerage Say?
Brokerage stated in its report Adani Energy Solutions is the leading private T&D company managing 20,422 Circuit Kilometer (CKM), transmission lines, and 54 600 MVA power transformation capability.
According to the brokerage, the company has a 35 percent market share of TBCB-based power transmission assets.
The company has 37 transmission assets as of January 2024 (28 are operational and nine are under construction).
Conditions Favourable For The Industry
The brokerage said- It is expected that the Government of India will open bidding for power transmission lines worth ₹10 lakh crore in the next 10 years.
Adani Group company will benefit from this. Ventura’s revenue from power transmission and EBITDA are expected to grow at CAGRs of 18.7% and 19.7%, respectively.
About Adani Energy Solutions Ltd Company
Adani Energy Solutions Limited is an Indian-based company. The company is a private-sector power distribution and transmission company that is engaged in creating commissioning, installing operating, and repairing electric power transmission networks.
The segments of the company are Transmission, GTD Business, and Trading. Its Transmission segment is responsible for providing transmission lines to facilitate power transmission.
This GTD Business segment is involved in the generation, transmission, and as well as distribution (GTD) for power-related companies that are located in Mumbai City (Mumbai GTD Business) and Mundra distribution.
Trading is primarily involved in the trading of products. The total operating revenues of the company are 688.00 crores and the equity capital of the company totals 1115.49 crores.
Fundamental Analysis of Adani Energy Solutions Ltd
| Market Cap | ₹ 1,12,598 Cr |
| Current Price | ₹ 1,009 |
| 52-wk High | ₹ 1,250 |
| 52-wk Low | ₹ 686 |
| Stock P/E | 96.6 |
| Book Value | ₹ 107 |
| Dividend | 0.00 % |
| ROCE | 10.2 % |
| ROE | 11.6 % |
| Face Value | ₹ 10.0 |
| P/B Value | 9.46 |
| OPM | 34.7 % |
| EPS | ₹ 10.4 |
| Debt | ₹ 36,031 Cr. |
| Debt to Equity | 3.03 |
Adani Energy Solutions Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1200 | ₹1400 |
| 2025 | ₹1425 | ₹1600 |
| 2026 | ₹1622 | ₹1725 |
| 2027 | ₹1800 | ₹1898 |
| 2028 | ₹1922 | ₹2054 |
| 2029 | ₹2200 | ₹2415 |
| 2030 | ₹2545 | ₹2701 |
Adani Energy Solutions Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.19% |
| Mar 2023 | 71.64% |
| June 2023 | 68.27% |
| Sept 2023 | 73.22% |
| Dec 2023 | 73.22% |
| FII Holding | |
| Dec 2022 | 19.32% |
| Mar 2023 | 21.04% |
| June 2023 | 19.65% |
| Sept 2023 | 17.74% |
| Dec 2023 | 17.49% |
| DII Holding | |
| Dec 2022 | 3.78% |
| Mar 2023 | 3.80% |
| June 2023 | 3.82% |
| Sept 2023 | 3.87% |
| Dec 2023 | 3.82% |
| Public Holding | |
| Dec 2022 | 2.72% |
| Mar 2023 | 3.51% |
| June 2023 | 8.26% |
| Sept 2023 | 5.17% |
| Dec 2023 | 5.46% |
Adani Energy Solutions Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7,305 Cr |
| 2020 | ₹ 11,416 Cr |
| 2021 | ₹ 9,926 Cr |
| 2022 | ₹ 11,258 Cr |
| 2023 | ₹ 15,258 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 559 Cr |
| 2020 | ₹ 706 Cr |
| 2021 | ₹ 1,290 Cr |
| 2022 | ₹ 1,236 Cr |
| 2023 | ₹ 1,254 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 3.87 |
| 2020 | 4.51 |
| 2021 | 4.23 |
| 2022 | 4.35 |
| 2023 | 2.93 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 2% |
| 3 Years: | 21% |
| Current Year: | 9% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 11% |
| 3 Years: | 13% |
| Last Year: | 12% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 28% |
| 3 Years: | 5% |
| Current Year: | 18% |
Conclusion
This article is a complete guide about Adani Energy Solutions Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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