Adani Enterprises Profit and Loss

Mar-13 Mar-14 Mar-15

Sales + 39,356 46,375 54,947
Expenses + 34,355 40,354 45,564
Operating Profit 5,001 6,021 9,383
OPM % 13% 13% 17%
Other Income + 545 1,775 1,157
Interest 1,826 3,492 5,703
Depreciation 1,224 2,298 3,223
Profit before tax 2,496 2,005 1,614
Tax % 19% 39% -64%
Net Profit + 2,020 1,218 2,646
EPS in Rs 16.72 14.67 20.19
Dividend Payout % 6% 10% 7%
Balance Sheet
Mar-12 Mar-13 Mar-14 Mar-15
Equity Capital 110 110 110
Reserves 19,363 21,286 23,647
Borrowings + 69,479 69,332 71,980
Other Liabilities + 18,008 21,143 22,365
Total Liabilities 106,960 111,871 118,102
Fixed Assets + 37,735 48,770 70,579
CWIP 37,221 29,248 13,574
Investments 542 323 288
Other Assets + 31,463 33,529 33,661
Total Assets 106,960 111,871 118,102
Cash Flow Statement
Mar-12 Mar-13 Mar-14 Mar-15
Cash from Operating Activity - 645 7,666 8,228
Profit from operations 4,671 6,037 9,460
Receivables -3,225 263 -4,354
Inventory -619 1,481 -192
Payables 3,817 2,789 2,297
Loans Advances -3,732 -2,336 1,657
Other WC items 0 0 0
Working capital changes -3,759 2,197 -592
Direct taxes -434 -568 -640
Other operating items 0 0 0
Exceptional CF items 167 0 0
Cash from Investing Activity - -34,827 -14,790 -8,007
Fixed assets purchased -31,574 -15,741 -11,362
Fixed assets sold 61 273 169
Investments purchased -228 -10 0
Investments sold 19 817 34
Investment income 2 23 34
Interest received 360 572 736
Dividends received 7 0 0
Investment in group cos 0 0 0
Redemp n Canc of Shares 0 0 0
Acquisition of companies 0 0 0
Other investing items -3,476 -723 2,382
Cash from Financing Activity - 34,872 7,199 -1,109
Proceeds from shares 0 0 0
Proceeds from borrowings 39,397 25,996 12,372
Repayment of borrowings -3,166 -15,181 -9,006
Interest paid fin -1,198 -3,440 -5,384
Dividends paid -172 -182 -259
Financial liabilities 0 0 0
Share application money 0 0 0
Application money refund 0 0 0
Other financing items 11 6 1,169
Net Cash Flow 690 75 -888
Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
64,465 34,008 36,533 35,924 40,379
52,015 32,325 34,631 33,886 38,409
12,450 1,684 1,902 2,038 1,969
19% 5% 5% 6% 5%
792 1,044 749 363 504
7,056 1,357 1,257 1,250 1,625
3,522 314 315 664 390
2,663 1,056 1,079 487 459
14% 7% 25% 23% 32%
2,298 1,000 925 594 506
17.71 9.19 8.98 6.89 6.52
8% 4% 4% 6% 6%

Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

110 110 110 110 110
25,618 13,268 14,026 14,979 14,646
83,571 19,169 20,846 17,637 11,243
21,420 9,132 12,630 23,679 16,537
130,718 41,679 47,611 56,405 42,536
83,834 10,473 13,668 10,555 9,020
6,733 7,705 7,731 5,526 5,765
744 805 1,042 1,461 1,511
39,407 22,696 25,170 38,864 26,240
130,718 41,679 47,611 56,405 42,536

Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

8,532 5,112 774 2,942 3,236
12,601 1,775 2,344 3,462 2,129
-5,251 2,818 -3,965 -532 -2,109
-165 -133 -352 -713 -369
2,549 81 3,395 288 4,110
-369 0 0 0 0
0 802 -427 688 -223
-3,235 3,568 -1,350 -270 1,409
-834 -231 -220 -250 -211
0 0 0 0 -91
0 0 0 0 0
-11,465 -1,825 -1,460 -7,649 2,487
-9,557 -5,920 -4,167 -7,305 -1,772
405 30 20 11 7
-401 8 -52 0 0
0 0 0 6 243
2 0 0 0 0
872 754 651 547 476
15 177 4 4 3
 0 -40 -73 -80 -324
0 45 0 0 1,270
-2,243 -52 0 0 0
-558 3,173 2,157 -832 2,584
3,445 -3,448 716 5,120 -6,158
0 0 0 0 0
30,297 4,772 4,266 15,069 3,031
-18,760 -6,518 -2,547 -8,484 -7,636
-7,941 -1,494 -1,581 -1,726 -1,606
-146 -208 0 -53 -53
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
-5 0 577 313 105
512 -161 30 413 -436
Mar-21 Mar-22 Mar-23
43,403 39,537 69,420
41,108 37,031 65,707
2,294 2,506 3,714
5% 6% 5%
872 494 1,012
1,572 1,377 2,526
472 537 1,248
1,122 1,086 952
29% 31% 50%
1,040 1,046 788
10.35 8.39 7.06
10% 12% 14%

Mar-21 Mar-22 Mar-23 Sep-23

110 110 110 114
16,837 17,049 22,147 32,937
12,419 16,227 41,604 53,200
17,509 18,231 37,726 55,027
46,875 51,617 101,586 141,278
10,476 10,838 30,123 56,881
7,347 8,825 23,544 24,025
1,952 5,503 4,292 6,310
27,099 26,451 43,627 54,062
46,875 51,617 101,586 141,278

Mar-21 Mar-22 Mar-23

2,454 4,043 1,385
3,182 2,355 4,122
455 -248 -2,939
173 343 -5,024
-870 1,985 7,188
0 0 0
-219 -280 -1,757
-461 1,800 -2,532
-267 -112 -205
0 0 0
0 0 0
-1,082 -8,611 -17,041
-2,901 -4,139 -11,647
180 780 2
-40 0 -32
0 222 89
0 0 0
459 322 821
0 0 0
 -253 -3,488 -363
0 0 0
0 0 -1,484
1,474 -2,308 -4,426
-221 3,109 15,901
0 0 0
4,435 7,520 18,364
-3,255 -3,047 -270
-1,532 -1,212 -2,601
-186 0 -110
-40 -18 -107
0 0 0
0 0 0
357 -135 626
1,151 -1,459 246
 Profit and Loss A/C - Adani Enterprises
Years Mar-13 Mar-14 Mar-15 Mar-16

Sales ₹ 39,356.0 ₹ 46,375.0 ₹ 54,947.0 ₹ 64,465.0

Sales Growth 17.83% 18.48% 17.32%

Expenses ₹ 34,355.0 ₹ 40,354.0 ₹ 45,564.0 ₹ 52,015.0

Operating Profit ₹ 5,001.0 ₹ 6,021.0 ₹ 9,383.0 ₹ 12,450.0

Operating Profit Growth 20.40% 55.84% 32.69%

OPM % 12.71% 12.98% 17.08% 19.31%

Other Income ₹ 545.0 ₹ 1,775.0 ₹ 1,157.0 ₹ 792.0

Interest 1,826.0 3,492.0 5,703.0 7,056.0

Depreciation ₹ 1,224.0 ₹ 2,298.0 ₹ 3,223.0 ₹ 3,522.0

Depreciation % of Sales 3.11% 4.96% 5.87% 5.46%

Profit before tax ₹ 2,496.0 ₹ 2,006.0 ₹ 1,614.0 ₹ 2,664.0

PBT Growth (19.63%) (19.54%) 65.06%

Tax % 19.00% 39.00% -64.00% 14.00%

Net Profit ₹ 2,021.76 ₹ 1,223.66 ₹ 2,646.96 ₹ 2,291.04

Net Profit Growth (39.48%) 116.31% (13.45%)

EPS in Rs ₹ 16.7 ₹ 14.7 ₹ 20.2 ₹ 17.7

EPS Growth (12.26%) 37.63% (12.28%)

Dividend Payout % 6.00% 10.00% 7.00% 8.00%

Retained Earnings ₹ 1,900.45 ₹ 1,101.29 ₹ 2,461.67 ₹ 2,107.76

Ploughback Ratio 94.00% 90.00% 93.00% 92.00%

Balance Sheet - Adani Enterprises

Years Mar-13 Mar-14 Mar-15 Mar-16
Equity Capital ₹ 110.0 ₹ 110.0 ₹ 110.0 ₹ 110.0

Reserves ₹ 19,363.0 ₹ 21,286.0 ₹ 23,647.0 ₹ 25,618.0

Borrowings ₹ 69,479.0 ₹ 69,332.0 ₹ 71,980.0 ₹ 83,571.0

Other Liabilities ₹ 18,008.0 ₹ 21,143.0 ₹ 22,365.0 ₹ 21,420.0

Total Liabilities and Equity ₹ 106,960.0 ₹ 111,871.0 ₹ 118,102.0 ₹ 130,718.0

Fixed Assets ₹ 37,735.0 ₹ 48,770.0 ₹ 70,579.0 ₹ 83,834.0

CWIP ₹ 37,221.0 ₹ 29,248.0 ₹ 13,574.0 ₹ 6,733.0

Investments ₹ 542.0 ₹ 323.0 ₹ 288.0 ₹ 744.0

Other Assets ₹ 31,463.0 ₹ 33,529.0 ₹ 33,661.0 ₹ 39,407.0

Total Assets ₹ 106,960.0 ₹ 111,871.0 ₹ 118,102.0 ₹ 130,718.0

Cash Flow Statement - Adani Enterprises

Years Mar-13 Mar-14 Mar-15 Mar-16

Operating Activities

Profit from operations ₹ 4,671.0 ₹ 6,037.0 ₹ 9,460.0 ₹ 12,601.0

Receivables ₹ (3,225.0) ₹ 263.0 ₹ (4,354.0) ₹ (5,251.0)

Inventory ₹ (619.0) ₹ 1,481.0 ₹ (192.0) ₹ (165.0)

Payables ₹ 3,817.0 ₹ 2,789.0 ₹ 2,297.0 ₹ 2,549.0

Loans Advances ₹ (3,732.0) ₹ (2,336.0) ₹ 1,657.0 ₹ (369.0)

Other WC items - - - -

Working capital changes ₹ (3,759.0) ₹ 2,197.0 ₹ (592.0) ₹ (3,235.0)

Direct taxes ₹ (434.0) ₹ (568.0) ₹ (640.0) ₹ (834.0)

Other operating items - - - -

Exceptional CF items ₹ 167.0 - - -

Cash Flow from Operating Activities ₹ 645.0 ₹ 7,666.0 ₹ 8,228.0 ₹ 8,532.0

Investing Activities

Fixed assets purchased ₹ (31,574) ₹ (15,741) ₹ (11,362) ₹ (9,557)

Fixed assets sold ₹ 61 ₹ 273 ₹ 169 ₹ 405

Investments purchased ₹ (228) ₹ (10) - ₹ (401)

Investments sold ₹ 19 ₹ 817 ₹ 34 -

Investment income ₹2 ₹ 23 ₹ 34 ₹2

Interest received ₹ 360 ₹ 572 ₹ 736 ₹ 872

Dividends received ₹7 - - ₹ 15

Investment in group cos - - - -

Redemp n Canc of Shares - - - -

Acquisition of companies - - - ₹ (2,243)

Other investing items ₹ (3,476) ₹ (723) ₹ 2,382 ₹ (558)

Cash Flow from Investing Activities ₹ (34,829) ₹ (14,789) ₹ (8,007) ₹ (11,465)

Financing Activities

Proceeds from shares - - - -

Proceeds from borrowings ₹ 39,397 ₹ 25,996 ₹ 12,372 ₹ 30,297

Repayment of borrowings ₹ (3,166) ₹ (15,181) ₹ (9,006) ₹ (18,760)

Interest paid fin ₹ (1,198) ₹ (3,440) ₹ (5,384) ₹ (7,941)

Dividends paid ₹ (172) ₹ (182) ₹ (259) ₹ (146)

Financial liabilities - - - -

Share application money - - - -

Application money refund - - - -

Other financing items ₹ 11 ₹6 ₹ 1,169 ₹ (5)

Cash Flow from Financing Activities ₹ 34,872 ₹ 7,199 ₹ (1,108) ₹ 3,445

Net Cash Flow to the firm ₹ 688 ₹ 76 ₹ (887) ₹ 512

ss A/C - Adani Enterprises
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

₹ 34,008.0 ₹ 36,533.0 ₹ 35,924.0 ₹ 40,379.0 ₹ 43,403.0 ₹ 39,537.0 ₹ 69,420.0

(47.25%) 7.42% (1.67%) 12.40% 7.49% (8.91%) 75.58%

₹ 32,325.0 ₹ 34,631.0 ₹ 33,886.0 ₹ 38,409.0 ₹ 41,108.0 ₹ 37,031.0 ₹ 65,707.0

₹ 1,683.0 ₹ 1,902.0 ₹ 2,038.0 ₹ 1,970.0 ₹ 2,295.0 ₹ 2,506.0 ₹ 3,713.0

(86.48%) 13.01% 7.15% (3.34%) 16.50% 9.19% 48.16%

4.95% 5.21% 5.67% 4.88% 5.29% 6.34% 5.35%

₹ 1,044.0 ₹ 749.0 ₹ 363.0 ₹ 504.0 ₹ 872.0 ₹ 494.0 ₹ 1,012.0

1,357.0 1,257.0 1,250.0 1,625.0 1,572.0 1,377.0 2,526.0

₹ 314.0 ₹ 315.0 ₹ 664.0 ₹ 390.0 ₹ 472.0 ₹ 537.0 ₹ 1,248.0

0.92% 0.86% 1.85% 0.97% 1.09% 1.36% 1.80%

₹ 1,056.0 ₹ 1,079.0 ₹ 487.0 ₹ 459.0 ₹ 1,123.0 ₹ 1,086.0 ₹ 951.0

(60.36%) 2.18% (54.87%) (5.75%) 144.66% (3.29%) (12.43%)

7.00% 25.00% 23.00% 32.00% 29.00% 31.00% 50.00%

₹ 982.08 ₹ 809.25 ₹ 374.99 ₹ 312.12 ₹ 797.33 ₹ 749.34 ₹ 475.50

(57.13%) (17.60%) (53.66%) (16.77%) 155.46% (6.02%) (36.54%)

₹ 9.2 ₹ 9.0 ₹ 6.9 ₹ 6.5 ₹ 10.4 ₹ 8.4 ₹ 7.1

(48.11%) (2.29%) (23.27%) (5.37%) 58.74% (18.94%) (15.85%)

4.00% 4.00% 6.00% 6.00% 10.00% 12.00% 14.00%

₹ 942.80 ₹ 776.88 ₹ 352.49 ₹ 293.39 ₹ 717.60 ₹ 659.42 ₹ 408.93

96.00% 96.00% 94.00% 94.00% 90.00% 88.00% 86.00%

eet - Adani Enterprises

Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
 ₹ 110.0 ₹ 110.0 ₹ 110.0 ₹ 110.0 ₹ 110.0 ₹ 110.0 ₹ 110.0

₹ 13,268.0 ₹ 14,026.0 ₹ 14,979.0 ₹ 14,646.0 ₹ 16,837.0 ₹ 17,049.0 ₹ 22,147.0

₹ 19,169.0 ₹ 20,846.0 ₹ 17,637.0 ₹ 11,243.0 ₹ 12,419.0 ₹ 16,227.0 ₹ 41,604.0

₹ 9,132.0 ₹ 12,630.0 ₹ 23,679.0 ₹ 16,537.0 ₹ 17,509.0 ₹ 18,231.0 ₹ 37,726.0

₹ 41,679.0 ₹ 47,611.0 ₹ 56,405.0 ₹ 42,536.0 ₹ 46,875.0 ₹ 51,617.0 ₹ 101,586.0

₹ 10,473.0 ₹ 13,668.0 ₹ 10,555.0 ₹ 9,020.0 ₹ 10,476.0 ₹ 10,838.0 ₹ 30,123.0

₹ 7,705.0 ₹ 7,731.0 ₹ 5,526.0 ₹ 5,765.0 ₹ 7,347.0 ₹ 8,825.0 ₹ 23,544.0

₹ 805.0 ₹ 1,042.0 ₹ 1,461.0 ₹ 1,511.0 ₹ 1,952.0 ₹ 5,503.0 ₹ 4,292.0

₹ 22,696.0 ₹ 25,170.0 ₹ 38,864.0 ₹ 26,240.0 ₹ 27,099.0 ₹ 26,451.0 ₹ 43,627.0

₹ 41,679.0 ₹ 47,611.0 ₹ 56,405.0 ₹ 42,536.0 ₹ 46,875.0 ₹ 51,617.0 ₹ 101,586.0

ement - Adani Enterprises

Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

₹ 1,775.0 ₹ 2,344.0 ₹ 3,462.0 ₹ 2,129.0 ₹ 3,182.0 ₹ 2,355.0 ₹ 4,122.0

₹ 2,818.0 ₹ (3,965.0) ₹ (532.0) ₹ (2,109.0) ₹ 455.0 ₹ (248.0) ₹ (2,939.0)

₹ (133.0) ₹ (352.0) ₹ (713.0) ₹ (369.0) ₹ 173.0 ₹ 343.0 ₹ (5,024.0)

₹ 81.0 ₹ 3,395.0 ₹ 288.0 ₹ 4,110.0 ₹ (870.0) ₹ 1,985.0 ₹ 7,188.0

- - - - - - -

₹ 802.0 ₹ (427.0) ₹ 688.0 ₹ (223.0) ₹ (219.0) ₹ (280.0) ₹ (1,757.0)

₹ 3,568.0 ₹ (1,350.0) ₹ (270.0) ₹ 1,409.0 ₹ (461.0) ₹ 1,800.0 ₹ (2,532.0)

₹ (231.0) ₹ (220.0) ₹ (250.0) ₹ (211.0) ₹ (267.0) ₹ (112.0) ₹ (205.0)

- - - ₹ (91.0) - - -

- - - - - - -
₹ 5,112.0 ₹ 774.0 ₹ 2,942.0 ₹ 3,327.0 ₹ 2,454.0 ₹ 4,043.0 ₹ 1,385.0

₹ (5,920) ₹ (4,167) ₹ (7,305) ₹ (1,772) ₹ (2,901) ₹ (4,139) ₹ (11,647)

₹ 30 ₹ 20 ₹ 11 ₹7 ₹ 180 ₹ 780 ₹2

₹8 ₹ (52) - - ₹ (40) - ₹ (32)

- - ₹6 ₹ 243 - ₹ 222 ₹ 89

- - - - - - -

₹ 754 ₹ 651 ₹ 547 ₹ 476 ₹ 459 ₹ 322 ₹ 821

₹ 177 ₹4 ₹4 ₹3 - - -

₹ (40) ₹ (73) ₹ (80) ₹ (324) ₹ (253) ₹ (3,488) ₹ (363)

₹ 45 - - ₹ 1,270 - - -

₹ (52) - - - - - ₹ (1,484)

₹ 3,173 ₹ 2,157 ₹ (832) ₹ 2,584 ₹ 1,474 ₹ (2,308) ₹ (4,426)

₹ (1,825) ₹ (1,460) ₹ (7,649) ₹ 2,487 ₹ (1,081) ₹ (8,611) ₹ (17,040)

- - - - - - -

₹ 4,772 ₹ 4,266 ₹ 15,069 ₹ 3,031 ₹ 4,435 ₹ 7,520 ₹ 18,364

₹ (6,518) ₹ (2,547) ₹ (8,484) ₹ (7,636) ₹ (3,255) ₹ (3,047) ₹ (270)

₹ (1,494) ₹ (1,581) ₹ (1,726) ₹ (1,606) ₹ (1,532) ₹ (1,212) ₹ (2,601)

₹ (208) - ₹ (53) ₹ (53) ₹ (186) - ₹ (110)

- - - - ₹ (40) ₹ (18) ₹ (107)

- - - - - - -

- - - - - - -

- ₹ 577 ₹ 313 ₹ 105 ₹ 357 ₹ (135) ₹ 626

₹ (3,448) ₹ 715 ₹ 5,119 ₹ (6,159) ₹ (221) ₹ 3,108 ₹ 15,902

₹ (161) ₹ 29 ₹ 412 ₹ (345) ₹ 1,152 ₹ (1,460) ₹ 247