Adani Enterprises Ltd
ADANIENTAdani Enterprises Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Domestic institutions moved +4.3 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 85th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −104.2% year on year, and 81% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Adani Enterprises Ltd trades at ₹3,161, in a confirmed uptrend and 8 weeks into that stage. That is +25.4% against its own 200-day average. It sits at 96% of a 52-week range of ₹1,823 to ₹3,212. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹3,161 it trades +25.4% versus its 200-day average and sits at 96% of its 52-week range (₹1,823–₹3,212).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +7,356% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 85th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Adani Enterprises Ltd trades at 156.7× P/E, at the pricey end of its own range (85th percentile). Its long-run median P/E is 66.3×, measured across 10.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 156.7× is at the pricey end of its own range (85th percentile), against a long-run median of 66.3× measured over 10.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +31.4% against a +25.6% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +18.5%/yr price move, ~+16.8%/yr came from earnings growth and ~+1.7 pp from the multiple (expanding); over 10y, of the +50.7%/yr price move, ~+8.3%/yr came from earnings growth and ~+42.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Adani Enterprises Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +173.3% at its peak to +24.3% but is still expanding, ROCE slipping at 6.0%. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +2.6% | −7.6% | +20.5% | +11.4% |
| Profit | +24.3% | +60.2% | +56.9% | +25.8% |
| EPS | +31.4% | +55.3% | +57.4% | +24.3% |
| Share price | +25.6% | +11.1% | +18.5% | +50.7% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
47.1/100 — rank 22 of 48 in Trading · 89% evidence confidence
Adani Enterprises Ltd scores 47.1 out of 100 against the 48 companies it is compared with in Trading, ranking 22. Price leads the evidence: RS versus the benchmark is 31.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 12.2 + 8.8 + 8.4 + 17.7 = 47.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Adani Enterprises Ltd reported ₹32,439 Cr of revenue in the Mar 26 quarter, +20.3% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 11.4% a year. The last full year, FY26, came in at ₹1,00,469 Cr. The last four reported quarters add to ₹1,00,469 Cr.
Adani Enterprises Ltd reported ₹32,439 Cr of revenue in the Mar 26 quarter, +20.3% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 11.4% a year. The last full year, FY26, came in at ₹1,00,469 Cr. The last four reported quarters add to ₹1,00,469 Cr.
FY26 revenue came in at ₹1,00,469 Cr (+2.6% on the year), capping 10 years at 11.4% compound. The latest quarter (Mar 26) printed ₹32,439 Cr, +20.3% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +2.3% growth against the decade's 11.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +2.6% over the last 4 quarters against +2.1%/yr over the last 8 — stabilising; TTM profit +24.3% vs +72.7%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (−2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Adani Enterprises Ltd's operating margin is 12.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0% to 19.0%. The current quarter sits inside that band.
Adani Enterprises Ltd's operating margin is 12.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0% to 19.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, −2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–19.0%.
🚨 Why the margin moved: operating margin went −2.3 pp year on year while gross margin went −6.6 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −104.2% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Adani Enterprises Ltd posted a net loss of ₹167 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹9,951 Cr. The 10-year compound rate is 25.8%. That loss is 0.5% of the quarter's revenue. The same quarter a year earlier earned ₹4,015 Cr. 1 of the last 12 reported quarters were loss-making.
Adani Enterprises Ltd posted a net loss of ₹167 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹9,951 Cr. The 10-year compound rate is 25.8%. That loss is 0.5% of the quarter's revenue. The same quarter a year earlier earned ₹4,015 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹−167 Cr, −104.2% year on year. On the full year, FY26 printed ₹9,951 Cr (+24.3%), and the 10-year compound rate is 25.8%.
🚨 Why profit moved: revenue contributed +20.3% and the margin −2.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +580.9% vs revenue +2.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 81% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 81% of Adani Enterprises Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,357 Cr of operating cash against ₹9,951 Cr of profit. After ₹44,286 Cr of capital spending, ₹−41,929 Cr was left as free cash.
FY26: operating cash of ₹2,357 Cr against reported profit of ₹9,951 Cr, leaving free cash of ₹−41,929 Cr after ₹44,286 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 81% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 81%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: the bigger cash user is investment — capital spending ran 7.4× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹99,409 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Adani Enterprises Ltd's cash conversion cycle runs −13 days in FY26, down from −10 days in FY21. Capital spending ran ₹99,409 Cr over the last 3 years. At FY26 sales of ₹1,00,469 Cr each day of that cycle holds about ₹275 Cr, so roughly ₹−3,578 Cr sits inside the business at any moment.
FY26: debtors at 46 days, inventory at 126 days — roughly 4.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −13 days, tighter than FY21's −10.
The full loop: cash goes out to suppliers and production on day 0; stock waits 126 days to sell; customers pay about 46 days after that; and suppliers themselves are paid at 185 days — netting out to the −13-day cycle.
In money terms: at FY26 sales of ₹1,00,469 Cr, each day of the cycle holds about ₹275 Cr — so the −13-day loop keeps roughly ₹−3,578 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹99,409 Cr over the last 3 fiscal years against ₹13,388 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹51,753 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 6% and the ROIC − WACC spread is −8.6 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Adani Enterprises Ltd earns a ROCE of 6% in FY26. That is up from a trough of 3% in FY16. Return on invested capital clears the cost of that capital by −8.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 9.9% net margin on 0.39× asset turns.
FY26 ROCE is 6%, recovered from a FY16 trough of 3% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 9.9% net margin × 0.39× asset turns × 3.22× balance-sheet leverage ≈ 12.4% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 3.4% − 12.0% = a −8.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 1.32.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Adani Enterprises Ltd carries total debt of ₹1,06,622 Cr against shareholder equity of ₹89,178 Cr as of Mar 26, a debt-to-equity of 1.20. On the annual view that ratio went from 1.55 in FY22 to 1.20 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹1,06,622 Cr against shareholder equity of ₹89,178 Cr — a debt-to-equity of 1.20. On the annual view, debt-to-equity went from 1.55 (FY22) to 1.20 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 4.3 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 4.3 points of Adani Enterprises Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 10.8% of the company. Promoters moved −2.9 points over the same window, to 72.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +4.3 points over 8 quarters to 10.8%; Promoters: −2.9 points over 8 quarters to 72.0%; Foreign institutions: −0.8 points over 8 quarters to 10.5%.
Why the register moved: domestic institutions drove it (+4.3 points), absorbed on the other side by promoters (−2.9 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Adani Enterprises Ltd: the Z-score reads 1.65. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
🚨 Why it matters: a Z-score of 1.65 is inside the distress zone — the balance sheet is a real risk, not a detail.
The safety line in one sentence: the Z-score reads 1.65.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Adani Enterprises Ltd this page | 156.7× | ₹4.1L Cr | Mixed | |||
| Lloyds Enterprises Ltd | 1,079.0× | ₹11,894 Cr | Turning around | |||
| RRP Semiconductor Ltd | — | ₹11,877 Cr | No read | |||
| MMTC Ltd | 92.2× | ₹9,228 Cr | No read | |||
| SG Mart Ltd | 72.3× | ₹8,993 Cr | Mixed | |||
| Rashi Peripherals Ltd | 18.5× | ₹5,139 Cr | Consistent | |||
| PTC India Ltd | 8.0× | ₹4,866 Cr | Mixed | |||
| Euro Pratik Sales Ltd | 37.2× | ₹3,083 Cr | No read | |||
| Shankara Buildpro Ltd | 23.1× | ₹2,998 Cr | No read | |||
| Blue Pearl Agriventures Ltd | 5,705.0× | ₹2,795 Cr | No read | |||
| BN Agrochem Ltd | 78.2× | ₹2,688 Cr | No read | |||
| Onix Solar Energy Ltd | 34.7× | ₹2,300 Cr | No read | |||
| Aayush Art and Bullion Ltd | 227.0× | ₹1,790 Cr | No read | |||
| Onix Solar Energy Ltd | 117.0× | ₹1,779 Cr | No read | |||
| Kothari Industrial Corporation Ltd | — | ₹1,761 Cr | No read | |||
| Kothari Industrial Corporation Ltd | — | ₹1,728 Cr | No read | |||
| Aayush Art and Bullion Ltd | 882.0× | ₹1,702 Cr | Mixed | |||
| Keto Motors Ltd | — | ₹1,603 Cr | No read | |||
| Le Merite Exports Ltd | 87.0× | ₹1,177 Cr | — | — | — | — |
| Arisinfra Solutions Ltd | 18.5× | ₹1,007 Cr | No read | |||
| Sudarshan Pharma Industries Ltd | 43.2× | ₹1,006 Cr | No read | |||
| Tembo Global Industries Ltd | 10.8× | ₹984 Cr | Mixed | |||
| A-1 Ltd | 383.0× | ₹947 Cr | Deteriorating | |||
| Bizotic Commercial Ltd | 86.4× | ₹936 Cr | — | — | — | — |
| Neueon Corporation Ltd | — | ₹930 Cr | No read | |||
| Shah Foods Ltd | 276.0× | ₹908 Cr | — | — | — | — |
| Hexa Tradex Ltd | — | ₹857 Cr | No read | |||
| Dhunseri Ventures Ltd | 9.4× | ₹854 Cr | Deteriorating | |||
| Vision Infra Equipment Solutions Ltd | 24.9× | ₹774 Cr | — | — | — | — |
| Hardwyn India Ltd | 58.5× | ₹773 Cr | Improving | |||
| Yogi Ltd | 36.9× | ₹765 Cr | No read | |||
| Patel Retail Ltd | 19.1× | ₹746 Cr | No read | |||
| Yogi Ltd | 39.1× | ₹741 Cr | No read | |||
| Nupur Recyclers Ltd | 51.0× | ₹725 Cr | Mixed | |||
| Mardia Samyoung Capillary Tubes Company Ltd | 687.0× | ₹707 Cr | No read | |||
| State Trading Corporation of India Ltd | 15.9× | ₹707 Cr | No read | |||
| Uniphos Enterprises Ltd | 33.0× | ₹683 Cr | No read | |||
| Cropster Agro Ltd | 43.7× | ₹679 Cr | No read | |||
| Fabtech Technologies Ltd | 13.7× | ₹666 Cr | No read | |||
| Sudarshan Pharma Industries Ltd | 28.7× | ₹609 Cr | No read |
Frequently asked questions
What is Adani Enterprises Ltd's share price today?
Adani Enterprises Ltd trades at ₹3,161, +25.6% over the past year. The company is valued at ₹4,09,597 Cr. The stock sits at 96% of its 52-week range of ₹1,823–₹3,212, +25.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 24 July 2026.
What were Adani Enterprises Ltd's latest quarterly results?
Adani Enterprises Ltd reported revenue of ₹32,439 Cr and a net loss of ₹167 Cr for the Mar 26 quarter. Revenue rose 20.3% and profit fell 104.2% year on year. Earnings per share were ₹−1.71. The operating margin was 12.0%, 2.0 pp lower than a year earlier. — as of 24 July 2026.
What is Adani Enterprises Ltd's revenue?
Adani Enterprises Ltd reported revenue of ₹32,439 Cr in the Mar 26 quarter, +20.3% year on year. For the full FY26 fiscal year, revenue was ₹1,00,469 Cr (+2.6%). Over the last 10 years revenue compounded at 11.4% a year. — as of 24 July 2026.
What is Adani Enterprises Ltd's profit?
Adani Enterprises Ltd earned ₹−167 Cr of net profit in the Mar 26 quarter, −104.2% year on year. Full-year FY26 profit was ₹9,951 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is Adani Enterprises Ltd's market cap?
Adani Enterprises Ltd's market capitalisation is ₹4,09,597 Cr at a share price of ₹3,161. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Adani Enterprises Ltd's P/E ratio?
Adani Enterprises Ltd trades at a P/E of 156.7×, at the 85th percentile of its own 10-year range, against a long-run median of 66.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Adani Enterprises Ltd pay a dividend?
Yes — Adani Enterprises Ltd's dividend payout was 2% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Adani Enterprises Ltd overvalued?
On its own history, Adani Enterprises Ltd looks expensive against its own history: its P/E of 156.7× sits at the 85th percentile of its 10-year range (long-run median 66.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Adani Enterprises Ltd growing?
Not right now — Adani Enterprises Ltd's latest numbers are shrinking: latest-quarter revenue +20.3% year on year, profit −104.2%, and the margin −2.0 pp at 12.0%. The 10-year compound rates are 11.4% (revenue) and 25.8% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Adani Enterprises Ltd performing?
Adani Enterprises Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 20.3% and profit fell 104.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Adani Enterprises Ltd in?
Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +173.3% at its peak to +24.3% but is still expanding, ROCE slipping at 6.0%. The read comes from the last 12 quarters of growth (revenue growth +2.6% latest, profit growth +24.3% latest, eps growth +30.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Adani Enterprises Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +25.4% versus its 200-day average and at 96% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Adani Enterprises Ltd beating the market?
On recent form, yes — Adani Enterprises Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +7,356% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Adani Enterprises Ltd's share price go up?
This page publishes no price forecast for Adani Enterprises Ltd. What it measures instead: the share price is ₹3,161, the price is in a confirmed uptrend 8 weeks in. Its P/E of 156.7× sits at the 85th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Adani Enterprises Ltd?
Promoters hold 72.0% of Adani Enterprises Ltd, foreign institutions 10.5%, domestic institutions 10.8% and the public 6.8% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 4.3 points over 8 quarters. — as of 24 July 2026.
Does Adani Enterprises Ltd have too much debt?
It carries real leverage — Adani Enterprises Ltd's debt-to-equity is 1.32, and operating profit covers the interest bill 2×. FY26 borrowings were ₹1,06,622 Cr against equity of ₹80,926 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Adani Enterprises Ltd's capex?
Adani Enterprises Ltd spent ₹99,409 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹44,286 Cr, with ₹51,753 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Adani Enterprises Ltd's cash flow?
Adani Enterprises Ltd generated ₹2,357 Cr of operating cash flow in FY26 and ₹−41,929 Cr of free cash flow after ₹44,286 Cr of capital spending. Reported profit that year was ₹9,951 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Adani Enterprises Ltd's profit real cash?
Yes — over the last 3 fiscal years, 81% of Adani Enterprises Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,357 Cr against reported profit of ₹9,951 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Adani Enterprises Ltd?
On the balance sheet, the Z-score reads 1.65 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 24 July 2026.
Where is Adani Enterprises Ltd in its business cycle?
Adani Enterprises Ltd's FY26 operating margin was 14.0%, against a 13-year band of 5.0%–19.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Adani Enterprises Ltd story?
The sharpest disagreement: Domestic institutions moved +4.3 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Adani Enterprises Ltd a stock worth studying right now?
This is not investment advice. The machine read: Adani Enterprises Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.