Adani Power (NSE: ADANIPOWER) Share Price: Adani Power shares saw an increase in price early on Wednesday morning, after the Adani Group company got approval from CCI to acquire Lanco Amarkantak Power Limited.
The stock is up approximately 4 percent, to Rs 543 in the early trade.
The stock opened today at Rs 529 and within a couple of minutes, it was at the price of 538.80 and closed at Rs 513.50. Adani Power’s 52-week highest is 589.45 and the lowest is 166.40.
Adani Power has risen by over 5 percent in the past five days.
This share is part of Adani Group, which was showing negative returns during the month, that ended in June it has earned impressive returns of more than 43 percent over the last six months.
However, over one year, it has nearly tripled the amount of money it has given its shareholders. An increase of around 194 percent was recorded in the last year.
Lanco Amarkantak Power going through the bankruptcy process A part of the Lanco Group is in the business of producing thermal power in India.
Lanco Amarkantak Power is currently working through the corporate resolution procedure under the Insolvency and Bankruptcy Code, 2016 (IBC).
Adani Power Limited will acquire 100 percent equity shares in the capital Lanco Amarkantak Power.
In the opinion of CCI, the proposed deal will not have any negative effect on the competition of any important market within India.
In the past, Adani Power had gotten the blessing from the committee of creditors to approve the resolution plan to purchase the bankrupt Lanco Amarkantak Power.
Bid Amounting To 4101 Crores:
Adani Power has reportedly won the bid of Rs 4,101 crore for the company with a debt burden.
Lanco Amarkantak has two thermal power plants of 300-300 MW each located in Chhattisgarh.
This agreement will increase the power capacity of Adani Power.
About Adani Power Ltd Company
Adani Power Limited is a holding company.
The company is a power generator in India with an energy generation capacity of 12450 megawatts (MW) consisting of 12.410 MW thermal power stations and the 40MW solar energy project.
It is focused on coal trading and power generation.
The Company has constructed and manages through its subsidiaries more than 9.240 MW worth of power plant capacity including a 4,620 MW power plant of APMuL located in Mundra in Gujarat,
and the 3,300 MW plant of APML located at Tiroda located in Maharashtra and one of 1,320MW from APRL in Kawai situated in Rajasthan.
The Company also owns three thermal power stations with an aggregate capacity of around 3,170 MW.
This includes one 1,200 MW plant from UPCL in Udupi in Karnataka as well as the 1,370 MW plant of REL in Raipur within Chhattisgarh and the 600 MW power plant at REGL located in Raigarh located in Chhattisgarh.
The subsidiaries of the Company comprise Adani Power (Jharkhand) Limited, Pench Thermal Energy (MP) Limited, Mahan Energen Limited, Adani Power Dahej Limited and Kutchh Power Generation Limited.
Fundamental Analysis of Adani Power Ltd
| Market Cap | ₹ 1,99,268 Cr. |
| Current Price | ₹ 513.50 |
| 52-wk High | ₹ 589 |
| 52-wk Low | ₹166 |
| Stock P/E | 8.54 |
| Book Value | ₹ 105 |
| Dividend | 0.00 % |
| ROCE | 15.8 % |
| ROE | 44.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.92 |
| OPM | 32.3 % |
| EPS | ₹ 60.5 |
| Debt | ₹ 32,367 Cr. |
| Debt to Equity | 0.80 |
| Promoters Holding | |
| Dec 2022 | 74.97% |
| Mar 2023 | 74.97% |
| June 2023 | 74.97% |
| Sept 2023 | 70.02% |
| Dec 2023 | 71.75% |
| FII Holding | |
| Dec 2022 | 12.88% |
| Mar 2023 | 11.70% |
| June 2023 | 11.95% |
| Sept 2023 | 17.51% |
| Dec 2023 | 15.86% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.01% |
| June 2023 | 0.04% |
| Sept 2023 | 0.76% |
| Dec 2023 | 1.18% |
| Public Holding | |
| Dec 2022 | 12.15% |
| Mar 2023 | 13.32% |
| June 2023 | 13.04% |
| Sept 2023 | 11.72% |
| Dec 2023 | 11.20% |
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 | ₹23,884 Cr |
| 2020 | ₹26,468 Cr |
| 2021 | ₹26,221 Cr |
| 2022 | ₹27,711 Cr |
| 2023 | ₹47,230 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-984 Cr |
| 2020 | ₹-2,275 Cr |
| 2021 | ₹1,270 Cr |
| 2022 | ₹4,912 Cr |
| 2023 | ₹23,334 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | -151.14 |
| 2020 | -24.5 |
| 2021 | 99.58 |
| 2022 | 8.86 |
| 2023 | 2.56 |
Last 10 Years’ Profit Growth:
| 10 Years: | 21% |
| 5 Years: | 48% |
| 3 Years: | 120% |
| Current Year: | 130% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 24% |
| 3 Years: | 34% |
| Last Year: | 45% |
Sales Growth Over 10 Years:
| 10 Years: | 19% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Current Year: | 21% |
Conclusion
This article is a complete guide about Adani Power 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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