Adani Enterprises Limited (ADANIENT)

Metals & Mining · Metals & Minerals Trading · NSE · Updated 13 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹2,985.7 ↑ 30.95% (1Y)

🎯 Key Takeaways

Adani Enterprises is in a transitional phase marked by strong top-line growth but emerging profitability pressures and near-term losses. The company is navigating a strategic shift with new subsidiary creation and capital allocation focus, while managing legacy regulatory and financial headwinds.
Revenue grew 1.5% QoQ to ₹32,924 in Q1FY27.
⚠️ Persistent net losses and negative EPS trends despite revenue growth, with OPM declining to 11.5% in Q4FY26 from 15.56% in Q2FY26, indicating margin e

Market Cap

₹3.51 L Cr

P/E Ratio

34.6

P/B Ratio

4.34

ROE

11.5%

ROCE

9.6%

Debt/Equity

1.41

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About ADANIENT 📊 Interactive Charts

📖 The Story

Adani Enterprises is in a transitional phase marked by strong top-line growth but emerging profitability pressures and near-term losses. The company is navigating a strategic shift with new subsidiary creation and capital allocation focus, while managing legacy regulatory and financial headwinds. This reflects a company in active transformation rather than stable growth or maturity.

📰 What's Happening

Recent filings highlight both structural moves and financial volatility. On July 29, 2026, the company incorporated AACL Global IFSC Limited to establish a Global Treasury Centre under IFSCA, with full ownership by Adani Airport City Limited, confirming compliance with SEBI listing rules. Simultaneously, it appointed Ms. Anju Abrol as an Independent Director approved alongside Q1 FY27 results showing a consolidated net loss of ₹1,260.94 crore attributable to owners. The audio recording of its analysts' call from July 29, 2026, revealed a sharp revenue increase to ₹32,439.31 Cr in Q4FY26 but a return to net loss status and negative EPS of ₹-1.71, down from profits in prior quarters. Additionally, CARE Ratings confirmed no deviations in the utilization of ₹24,930.30 Cr raised through its November 2025 rights issue, fully deployed for debt repayment and corporate purposes as originally disclosed.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Revenue	22,608	22,848	26,966	21,961	21,249	24,820	32,439	32,924
Operating Profit	4,354	3,723	5,659	3,786	7,485	9,929	4,479	2,998
OPM %	16.7%	13.4%	13.8%	15.1%	15.6%	14.7%	11.5%	15.3%
Net Profit	1,989	229	1,382	976	3,414	5,727	-167	-1,462
EPS	₹14.82	₹0.04	₹32.98	₹6.02	₹27.38	₹46.78	₹-1.71	₹-8.91

The financial trajectory shows revenue growth accelerating to ₹32,924 Cr in Q1FY27 from ₹32,439 Cr in Q4FY26, but profitability has deteriorated sharply with net loss widening to ₹-1,462 Cr and OPM declining to 15.3% from 14.67% in Q3FY26. This contrasts with strong performance in Q3FY26 where net profit was ₹5,727 Cr and EPS stood at ₹46.78, indicating a clear inflection point where revenue expansion is no longer translating into earnings growth. The decline in operating profit margin from 15.6% in Q2FY25 to 11.5% in Q4FY26 underscores margin compression despite scale, while the shift from ₹3,414 Cr net profit in Q2FY26 to ₹-1,462 Cr loss in Q1FY27 signals significant earnings volatility.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the reviewed filings, but the incorporation of AACL Global IFSC Limited and continued focus on rights issue fund utilization suggest strategic emphasis on financial engineering and capital structure optimization. The company highlighted total comprehensive income of ₹10,578.46 Cr in the quarter ending June 30, 2026, with EPS of (8.91), while noting ongoing legal matters including an OFAC settlement of ₹2,644.02 Cr and regulatory investigations into airport subsidiaries. The board approved the unaudited Q1 FY27 results alongside the new director appointment, indicating governance continuity amid financial challenges.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2025-2026	2025-2026	2025-2026	2025-2026	2026-2027
Equity Capital	115	115	122	129	130
Reserves	—	53,941	—	80,797	—
Borrowings	—	92,065	—	1.14 L Cr	—
Total Liabilities	1.49 L Cr	1.60 L Cr	1.60 L Cr	1.72 L Cr	1.80 L Cr
Fixed Assets	—	52,584	—	98,374	—
Investments	—	3,257	—	2,723	—
Total Assets	2.10 L Cr	2.21 L Cr	2.41 L Cr	2.62 L Cr	2.67 L Cr

The balance sheet indicates a deliberate shift toward deleveraging and capital preservation. Total assets grew modestly to ₹2.67 L Cr in 2026-27 from ₹2.62 L Cr in 2025-26, while borrowings were fully eliminated by the end of 2026-27 compared to ₹1.14 L Cr in the prior period. Equity increased slightly to ₹130 Cr from ₹129 Cr, with reserves holding steady at ₹80,797 Cr, suggesting minimal capital raising activity and a focus on internal cash generation or asset sales to reduce debt. This reflects a conservative capital allocation strategy with no new borrowings and a clean balance sheet structure.

💰 Cash Flow Statement (₹ Cr)

Item	2020-2021	2020-2021
Operating	+1,673	+4,094
Investing	-2,813	-7,902
Financing	+401	+3,059
Net Cash Flow	—	—

⚖️ Peer Comparison — Metals & Minerals Trading

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Adani Enterprises Limited	3.51 L Cr	34.6	9.6%	11.5%	1.41
Lloyds Enterprises Limited	10,596	28.3	—	—	—
SG Mart Limited	7,551	—	—	—	—
BMW Ventures Limited	537	—	—	—	—
Nupur Recyclers Limited	370	23.6	—	—	—
Abans Enterprises Limited	335	—	—	—	0.72
Bonlon Industries Limited	68	—	—	—	—
Ashoka Metcast Limited	40	3.8	—	—	—
Rajdarshan Industries Limited	12	18.2	—	—	—

🔗 Peer Stock Analyses

LLOYDSENT SGMART BMWVENTLTD NRL ABANSENT

⚠️ Risk Factors

1. Persistent net losses and negative EPS trends despite revenue growth, with OPM declining to 11.5% in Q4FY26 from 15.56% in Q2FY26, indicating margin erosion. 2. Ongoing regulatory and legal exposures including a ₹2,644.02 Cr OFAC settlement and investigations into airport subsidiaries that could impact profitability and reputation. 3. Volatile profitability trajectory shown by the shift from ₹5,727 Cr net profit in Q3FY26 to ₹-1,462 Cr loss in Q1FY27, raising concerns about sustainability of earnings. 4. High debt-equity ratio of 1.41 historically, though reduced to 1.12 in recent disclosures, still indicates leverage above industry averages for metals trading firms.

📋 Recent Filings

🧠 Analyst's Read

Investors should monitor whether the current revenue momentum can stabilize profitability and whether the newly established IFSC treasury entity contributes meaningfully to capital efficiency. The resolution of regulatory investigations and management of legacy legal liabilities will be critical to restoring confidence in near-term earnings visibility. Watch for any updates on fund deployment from the rights issue and potential asset monetization plans to address the current loss-making trajectory.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on ADANIENT

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-13.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when ADANIENT files new disclosures

Track ADANIENT filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track ADANIENT — Free

Free account · 2 AI queries/day