# Adani Enterprises share price today (Adani Enterprises Ltd, NSE: ADANIENT)

> Adani Enterprises share price today: ₹2,709.20 at the NSE close on 4 November 2026, up 17.9% in a year. Adani Enterprises (NSE: ADANIENT) is worth ₹3,66,728 crore, trades at a P/E of 114.5 and has closed between ₹1,823.00 and ₹3,212.10 over the past 52 weeks. > Adani Enterprises Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ADANIENT · Trading · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/adani-enterprises-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹2,709.20 (+17.9% in a year)
- P/E: 114.5× (higher than 74% of the last 11 years)
- Revenue (Sep 2026): ₹37,216 Cr (+75.1% on a year ago)
- Profit (Sep 2026): ₹1,221 Cr (−64.2% on a year ago)
- Operating margin: 15.0% (−1.0 points on a year ago)
- ROCE: 6%, FY26
- ROIC: 3.4%, against a 12.0% cost of capital: −8.6 points

The main question: domestic institutions moved +4.0 percentage points over 8 quarters while the business went the other way. ## What is the Adani Enterprises share price today? Adani Enterprises Ltd's share price was ₹2,709.20 at the close on 4 November 2026. It has been rising for 23 weeks. That is 0.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,823 and ₹3,212, and at that close it sat 64% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 7 weeks running. Over the last 11 years the share price moved +6,291% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Adani Enterprises this quarter? Two changes stood out: highest quarterly revenue in 16 quarters and revenue up on a year earlier for 4 quarters in a row. 1. Highest quarterly revenue in 16 quarters Revenue of ₹37,216 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Revenue rose because the copper plant sold more as it ran more of its capacity. Next results: check whether the copper plant runs more of its capacity and whether by-products keep supporting earnings. From the earnings call on 28 Oct 2026. 2. Revenue up on a year earlier for 4 quarters in a row In the September 2026 quarter revenue was ₹37,216 crore, +75.1% on a year earlier. ## What are Adani Enterprises' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Adani Enterprises reported revenue of ₹37,216 crore, up 75.1% from ₹21,249 crore a year earlier, and a profit of ₹1,221 crore, down 64.2% from ₹3,414 crore. ### Adani Enterprises results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹37,216 crore | ₹21,249 crore | +75.1% |
| Profit | ₹1,221 crore | ₹3,414 crore | −64.2% |
| Earnings per share | ₹11.02 | ₹25.56 | −56.9% |
| Operating margin | 15.0% | 16.0% | −1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Adani Enterprises' management discussed these results on a call held on 28 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Adani Enterprises share price history? Adani Enterprises closed at ₹2,709.20 on 4 November 2026, up 17.9% from ₹2,297.10 a year earlier (7 November 2025) and up 87.6% over five years. Its highest weekly close since March 2016 was ₹3,897.14 on 18 November 2022. ### Adani Enterprises share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹2,579.40 | +5.0% |
| 1 month ago · 1 Oct 2026 | ₹2,816.80 | −3.8% |
| 6 months ago · 8 May 2026 | ₹2,505.90 | +8.1% |
| 1 year ago · 7 Nov 2025 | ₹2,297.10 | +17.9% |
| 3 years ago · 3 Nov 2023 | ₹2,161.81 | +25.3% |
| 5 years ago · 4 Nov 2021 | ₹1,444.00 | +87.6% |
| 10 years ago · 4 Nov 2016 | ₹40.43 | +6,601.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹42.39 | +6,291.1% |
| Highest weekly close since March 2016 · 18 Nov 2022 | ₹3,897.14 | −30.5% |
| Lowest weekly close since March 2016 · 4 Nov 2016 | ₹40.43 | +6,601.0% |
| 52-week high (weekly close) · 3 Jul 2026 | ₹3,212.10 | −15.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹1,823.00 | +48.6% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Adani Enterprises? 4 Nov 2026: Adani Enterprises closed at ₹2,709.20, up 5.0% on the week and down 3.8% on the month. 28 Oct 2026: Adani Enterprises held its results call for July to September 2026. Management guided: NMIA to exit FY27-28 at full 20 million pax capacity, running 5 million per quarter by Q1 2028. ### Earlier

- Results for July to September 2026: Revenue up 75.1% and profit down 64.2% on a year earlier. - 12 Jun 2026: ex-date for a dividend of ₹1.30 a share. ## What dividend does Adani Enterprises pay? Adani Enterprises paid ₹1.30 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.05% at the ₹2,709.20 close on 4 November 2026. The last was a dividend of ₹1.30 a share, ex-date 12 June 2026. ### Adani Enterprises dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 12 Jun 2026 | ₹1.30 | Dividend | same day |
| 13 Jun 2025 | ₹1.30 | Dividend | same day |
| 14 Jun 2024 | ₹1.30 | Dividend | same day |
| 7 Jul 2023 | ₹1.20 | Dividend | same day |
| 14 Jul 2022 | ₹1 | Dividend | 15 Jul 2022 |
| 1 Jul 2021 | ₹1 | Dividend | 2 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Adani Enterprises Ltd paid out 2% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Adani Enterprises management say on the latest results call? On the call for July to September 2026, held on 28 October 2026, Adani Enterprises' management guided: NMIA to exit FY27-28 at full 20 million pax capacity, running 5 million per quarter by Q1 2028. > “AEL has reported its highest-ever half-yearly EBITDA of Rs 11,958 crore. The strong EBITDA delivered is a testament to our incubating business model and the strength of our diversified business play.”
> Arun Bansal, on the call for July to September 2026

### What management guided

- NMIA Phase 2 Terminal 2 work starts November; MIAL Terminal 1 revamp from Q1 next year; city-side Phase 1 Ahmedabad October 2029, Mumbai March 2030. - Operational scale to 125-150 MW by FY27 and 500 MW over next 18 months on tied capacity. - Copper plant utilization to 80-85% by fiscal-end; long-term margin framework 4-6% versus elevated current levels. - Solar cell 6 GW commission by fiscal-end; next-quarter module run-rate around 2 GW; balance ingot-wafer by 2028 for ALMM 3. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/1545-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What to watch in Adani Enterprises' next results? When Adani Enterprises reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Remaining airline shifts to NMIA and T1 demolition execution against flagged full-capacity ramp. - What to check (from the call)
- Remaining airline shifts to NMIA and T1 demolition execution against flagged full-capacity ramp. - Operational data centre handovers and tied-capacity conversion pace against flagged scale over next prints. - Copper plant utilization progress and by-product support sustaining absolute earnings against flagged framework. - Module sales run-rate and cell-line progress against flagged ramp with rooftop versus captive mix unfolding. ## Which stock lists is Adani Enterprises on? Adani Enterprises is on 2 of our India lists: Nifty 50 companies and AI & data centre stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [AI & data centre stocks Group on the list: Data centre operators](https://www.sectoralpha.in/ai-stocks-india)

## Is Adani Enterprises profitable? Adani Enterprises Ltd earned ₹1,221 Cr of net profit in the Sep 2026 quarter, −64.2% on the same quarter a year earlier. Full-year FY26 profit was ₹9,951 Cr. Over 10 years profit has grown 25.8% a year on average. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned ₹3,414 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹9,951 Cr (+24.3% on the year before). Why profit moved: revenue changed +75.1% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +495.7% and revenue +38.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Adani Enterprises make, and is it growing? Adani Enterprises Ltd reported ₹37,216 Cr of revenue in the Sep 2026 quarter, +75.1% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 11.4% a year on average. The last full year, FY26, came in at ₹1,00,469 Cr. The last four reported quarters add to ₹1,27,399 Cr. FY26 revenue was ₹1,00,469 Cr, +2.6% on the year before. Recent pace: the last four quarters grew +38.5% on average, against 11.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +37.0%, against +11.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −38.4%, against −6.5% a year (rolling over). ## How much of every ₹100 of sales does Adani Enterprises keep? Adani Enterprises Ltd's operating margin was 15.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 4.9% and 19.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.8 percentage points on the year while gross margin changed −17.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Adani Enterprises' profit turning into cash? Over the last 3 years, 81% of Adani Enterprises Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,357 Cr of operating cash against ₹9,951 Cr of profit. After ₹44,286 Cr of spending on assets, free cash was −₹41,929 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 81% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 7.4× depreciation over three years. The next section checks what that spending is building. ## Where does Adani Enterprises' cash go? Adani Enterprises Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −13 days in FY26, down from −10 days in FY21. It spent ₹99,409 Cr on assets over the last 3 years. Customers take 46 days to pay, and stock sits for 126 days on average. At FY26 sales of ₹1,00,469 Cr, each day of that cycle ties up about ₹275 Cr, so roughly −₹3,578 Cr is tied up in the business at any time. FY26: customers took 46 days to pay and stock sat for 126 days, about 4.1 months of sales sitting as stock, for a full cycle of −13 days, shorter than FY21's −10. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 126 days. Customers pay about 46 days after that. Suppliers are paid at 185 days. Together that makes the −13-day cycle. Spending on assets: ₹99,409 Cr over the last 3 years, against ₹13,388 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹51,753 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Adani Enterprises' P/E ratio, and how does it compare with its own history? Adani Enterprises Ltd's P/E is 114.5×, near the high end of its own history: higher than 74% of past readings. Its usual P/E (the middle reading) is 70.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +31.4% while the price moved +17.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +13.4% a year; about +20.5% a year came from earnings growth and about −7.1 percentage points from the multiple (the market paying less); over 10 years the price moved +52.3% a year; about +14.0% a year came from earnings growth and about +38.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Adani Enterprises business getting better or worse? Adani Enterprises Ltd's business is giving mixed signals. Revenue growth is rising at +37.0% while profit growth is falling at −38.4%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Adani Enterprises earn on its capital? Adani Enterprises Ltd earned a ROCE of 6% in FY26. That is up from a low of 3% in FY16. Its return on capital used (ROIC) is 8.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 9.9% net margin and 0.39× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 9.9% net margin × 0.39× asset turnover × 3.22× leverage (assets divided by equity) ≈ 12.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 3.4% − 12.0% = −8.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Adani Enterprises have too much debt? Adani Enterprises Ltd has total debt of ₹1,17,933 Cr against shareholder equity of ₹1,03,713 Cr as of Sep 2026, so its debt is 1.14× its equity. Year by year, that ratio went from 1.55 in FY22 to 1.20 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Adani Enterprises shareholding pattern? Domestic institutions raised their stake in Adani Enterprises Ltd by 4.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.6% of the company. Promoters moved −2.0 points over the same period, to 72.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +4.0 points over 8 quarters, to 10.6%; Promoters: −2.0 points over 8 quarters, to 72.0%; Foreign institutions: −1.1 points over 8 quarters, to 10.7%. Why the owners changed: domestic institutions drove it (+4.0 points), with the other side taken by promoters (−2.0 points). They raised their stake step by step. ## How far is Adani Enterprises from balance-sheet trouble? For Adani Enterprises Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Adani Enterprises rank in its industry? 38.1 out of 100, rank 33 of 63 in Trading, with 93% of the evidence available. Adani Enterprises Ltd scores 38.1 out of 100 against the 63 companies it is compared with in Trading, ranking 33. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.6 + 11.9 + 3.9 + 7.7 = 38.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Adani Enterprises compared with? Adani Enterprises ranks 33 of 63 Trading companies on the 4-Factor Sector Score, with 38.1 out of 100. 1. [Mangalam Global Enterprise Ltd](https://www.sectoralpha.in/stocks/mangalam-global-enterprise-ltd) MGEL · turning · Most evidence points up · 93% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 44.2% · Profit 8.2% · Operating margin change 0.7 points · 100% evidence Capital efficiency 14.6/25 · ROCE 17% · Operating margin 2.3% · 100% evidence Valuation 15.8/20 · P/E 14.6× · PEG 0.31 · 65% evidence Relative strength 17.2/20 · Lead over its industry 12.9% · Lead over NIFTY 500 25.7% · 1 year 18.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 14.6 + 15.8 + 17.2 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Shankara Buildpro Ltd](https://www.sectoralpha.in/stocks/shankara-buildpro-ltd) BUILDPRO · quiet · Too little evidence to rank firmly · 59% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/43.75 · Revenue 26.3% · Profit 41.9% · Operating margin change -0.2 points · 88% evidence Capital efficiency 21.5/31.25 · ROCE 39% · Operating margin 3.2% · 100% evidence Valuation 13.4/25 · P/E 16× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 30 + 21.5 + 13.4 = 64.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Ivalue Infosolutions Ltd](https://www.sectoralpha.in/stocks/ivalue-infosolutions-ltd) IVALUE · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 5.4% · Profit 22.1% · Operating margin change 5.6 points · 88% evidence Capital efficiency 19.8/25 · ROCE 25.4% · Operating margin 10% · 100% evidence Valuation 15.7/20 · P/E 10× · PEG 0.43 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.6% · 1 year -31.1% · 25% evidence · 3 of 12 weeks ahead Exact sum: 20.7 + 19.8 + 15.7 + 8.1 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Maxgrow India Ltd](https://www.sectoralpha.in/stocks/maxgrow-india-ltd) Too little evidence to rank firmly · 53% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 100% · Profit 100% · Operating margin change 0.8 points · 62% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 2.7% · 95% evidence Valuation 11.5/20 · P/E 1.2× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 136% · 1 year n/a · 25% evidence Exact sum: 23.9 + 16.4 + 11.5 + 12.4 = 64.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Nupur Recyclers Ltd](https://www.sectoralpha.in/stocks/nupur-recyclers-ltd) NRL · leader · Evidence leans up · 78% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 40.6% · Profit 29.8% · Operating margin change 3.6 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.1% · Operating margin 11.6% · 76% evidence Valuation 7.6/20 · P/E 64.4× · PEG n/a · 50% evidence Relative strength 19.9/20 · Lead over its industry 86.1% · Lead over NIFTY 500 100.5% · 1 year 134.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 15.3 + 7.6 + 19.9 = 63.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Arisinfra Solutions Ltd](https://www.sectoralpha.in/stocks/arisinfra-solutions-ltd) ARIS · breaking out · Too little evidence to rank firmly · 56% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.3% · Profit 100% · Operating margin change 2 points · 83% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 11% · 76% evidence Valuation 10.7/20 · P/E 17.2× · PEG n/a · 15% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 16.6% · 1 year -14.9% · 25% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 13.5 + 10.7 + 10.9 = 61.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Bhatia Communications & Retail (India) Ltd](https://www.sectoralpha.in/stocks/bhatia-communications-retail-indialtd) Evidence leans up · 68% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue 49% · Profit 45.5% · Operating margin change 0.3 points · 83% evidence Capital efficiency 18.4/25 · ROCE 21.3% · Operating margin 5.3% · 95% evidence Valuation 9.2/20 · P/E 22.8× · PEG n/a · 50% evidence Relative strength 11.5/20 · Lead over its industry n/a · Lead over NIFTY 500 30.1% · 1 year n/a · 25% evidence Exact sum: 21.7 + 18.4 + 9.2 + 11.5 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [DC Infotech & Communication Ltd](https://www.sectoralpha.in/stocks/dc-infotech-communication-ltd) DCI · breaking out · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 29.1% · Profit 41.9% · Operating margin change 0.4 points · 88% evidence Capital efficiency 16.5/25 · ROCE 23% · Operating margin 4.8% · 100% evidence Valuation 13.4/20 · P/E 24.6× · PEG 0.82 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 20.1% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19.3 + 16.5 + 13.4 + 11.1 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [SG Mart Ltd](https://www.sectoralpha.in/stocks/sg-mart-ltd) SGMART · leader · Evidence leans up · 93% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.7% · Profit 26.7% · Operating margin change 3 points · 100% evidence Capital efficiency 11.6/25 · ROCE 10.2% · Operating margin 4.6% · 100% evidence Valuation 7.9/20 · P/E 71.1× · PEG 1.81 · 65% evidence Relative strength 18.3/20 · Lead over its industry 47.1% · Lead over NIFTY 500 60.5% · 1 year 146.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.3 + 11.6 + 7.9 + 18.3 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tembo Global Industries Ltd](https://www.sectoralpha.in/stocks/tembo-global-industries-ltd) TEMBO · losing its lead · Evidence leans up · 71% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 34% · Profit 55.7% · Operating margin change 5 points · 83% evidence Capital efficiency 19.6/25 · ROCE 22.8% · Operating margin 16% · 76% evidence Valuation 11.2/20 · P/E 9.3× · PEG n/a · 15% evidence Relative strength 7.0/20 · Lead over its industry -19.2% · Lead over NIFTY 500 -8.7% · 1 year -20.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.6 + 11.2 + 7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) RPTECH · losing its lead · Evidence leans up · 78% evidence 59.3 out of 100 Growth Capital Valuation Relative
12. [Sudarshan Pharma Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-pharma-industries-ltd) SUDARSHAN · turning · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative
13. [Singer India Ltd](https://www.sectoralpha.in/stocks/singer-india-ltd) SINGERIND · Evidence leans up · 61% evidence 57.9 out of 100 Growth Capital Valuation Relative
14. [Euro Pratik Sales Ltd](https://www.sectoralpha.in/stocks/euro-pratik-sales-ltd) EUROPRATIK · quiet · Evidence leans up · 64% evidence 57.5 out of 100 Growth Capital Valuation Relative
15. [Pramara Promotions Ltd](https://www.sectoralpha.in/stocks/pramara-promotions-ltd) PRAMARA · Too little evidence to rank firmly · 52% evidence 54.6 out of 100 Growth Capital Valuation Relative
16. [State Trading Corporation of India Ltd](https://www.sectoralpha.in/stocks/state-trading-corporation-of-india-ltd) STCINDIA · quiet · Too little evidence to rank firmly · 57% evidence 53.4 out of 100 Growth Capital Valuation Relative
17. [Patel Retail Ltd](https://www.sectoralpha.in/stocks/patel-retail-ltd) PATELRMART · turning · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative
18. [Yogi Ltd](https://www.sectoralpha.in/stocks/yogi-ltd) YOGI · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
19. [Transchem Ltd](https://www.sectoralpha.in/stocks/transchem-ltd) TRANSCHEM · Too little evidence to rank firmly · 52% evidence 51.0 out of 100 Growth Capital Valuation Relative
20. [Prostarm Info Systems Ltd](https://www.sectoralpha.in/stocks/prostarm-info-systems-ltd) PROSTARM · breaking out · Evidence leans up · 64% evidence 50.8 out of 100 Growth Capital Valuation Relative
21. [Dhunseri Ventures Ltd](https://www.sectoralpha.in/stocks/dhunseri-ventures-ltd) DVL · breaking out · Evidence leans up · 78% evidence 50.6 out of 100 Growth Capital Valuation Relative
22. Bizotic Commercial Ltd losing its lead · Evidence leans up · 63% evidence 50.4 out of 100 Growth Capital Valuation Relative
23. BMW Ventures Ltd BMW · Too little evidence to rank firmly · 51% evidence 50.2 out of 100 Growth Capital Valuation Relative
24. [Cropster Agro Ltd](https://www.sectoralpha.in/stocks/cropster-agro-ltd) quiet · Evidence leans down · 65% evidence 49.1 out of 100 Growth Capital Valuation Relative
25. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) MMTC · quiet · Evidence leans down · 92% evidence 47.2 out of 100 Growth Capital Valuation Relative
26. [Shiv Aum Steels Ltd](https://www.sectoralpha.in/stocks/shiv-aum-steels-ltd) SHIVAUM · breaking out · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
27. [Blue Pearl Agriventures Ltd](https://www.sectoralpha.in/stocks/blue-pearl-agriventures-ltd) BPAGRI · Too little evidence to rank firmly · 51% evidence 43.8 out of 100 Growth Capital Valuation Relative
28. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) LLOYDSENT · quiet · Evidence leans down · 71% evidence 43.1 out of 100 Growth Capital Valuation Relative
29. [Hexa Tradex Ltd](https://www.sectoralpha.in/stocks/hexa-tradex-ltd) HEXATRADEX · breaking out · Evidence leans down · 64% evidence 39.9 out of 100 Growth Capital Valuation Relative
30. [Shanti Overseas (India) Ltd](https://www.sectoralpha.in/stocks/shanti-overseas-indialtd) SHANTI · Evidence leans down · 61% evidence 39.3 out of 100 Growth Capital Valuation Relative
31. [Hardwyn India Ltd](https://www.sectoralpha.in/stocks/hardwyn-india-ltd) HARDWYN · basing · Evidence leans down · 86% evidence 38.8 out of 100 Growth Capital Valuation Relative
32. [Riddhi Siddhi Gluco Biols Ltd](https://www.sectoralpha.in/stocks/riddhi-siddhi-gluco-biols-ltd) turning · Evidence leans down · 83% evidence 38.8 out of 100 Growth Capital Valuation Relative
33. Adani Enterprises Ltd this page ADANIENT · quiet · Evidence leans down · 93% evidence 38.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.6/35 · Revenue 37% · Profit -38.4% · Operating margin change -1 points · 100% evidence Capital efficiency 11.9/25 · ROCE 5.8% · Operating margin 15% · 100% evidence Valuation 3.9/20 · P/E 109× · PEG 3.73 · 65% evidence Relative strength 7.7/20 · Lead over its industry -3.8% · Lead over NIFTY 500 6.6% · 1 year 7.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.6 + 11.9 + 3.9 + 7.7 = 38.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 34. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) PTC · quiet · Evidence leans down · 78% evidence 37.4 out of 100 Growth Capital Valuation Relative
35. [Le Merite Exports Ltd](https://www.sectoralpha.in/stocks/le-merite-exports-ltd) LEMERITE · Too little evidence to rank firmly · 59% evidence 36.8 out of 100 Growth Capital Valuation Relative
36. [Fabtech Technologies Ltd](https://www.sectoralpha.in/stocks/fabtech-technologies-ltd) FABTECH · quiet · Evidence leans down · 68% evidence 36.7 out of 100 Growth Capital Valuation Relative
37. [Uniphos Enterprises Ltd](https://www.sectoralpha.in/stocks/uniphos-enterprises-ltd) UNIENTER · turning · Too little evidence to rank firmly · 59% evidence 35.7 out of 100 Growth Capital Valuation Relative
38. Manbro Industries Ltd Too little evidence to rank firmly · 57% evidence 35.3 out of 100 Growth Capital Valuation Relative
39. Shah Foods Ltd quiet · Too little evidence to rank firmly · 53% evidence 35.3 out of 100 Growth Capital Valuation Relative
40. [BN Agrochem Ltd](https://www.sectoralpha.in/stocks/bn-agrochem-ltd) BNAGROCHEM · quiet · Most evidence points down · 64% evidence 34.1 out of 100 Growth Capital Valuation Relative
41. [Neueon Corporation Ltd](https://www.sectoralpha.in/stocks/neueon-corporation-ltd) NEUEON · quiet · Too little evidence to rank firmly · 56% evidence 33.3 out of 100 Growth Capital Valuation Relative
42. [Kothari Industrial Corporation Ltd](https://www.sectoralpha.in/stocks/kothari-industrial-corporation-ltd) KOTIC · quiet · Too little evidence to rank firmly · 53% evidence 32.9 out of 100 Growth Capital Valuation Relative
43. [Oswal Agro Mills Ltd](https://www.sectoralpha.in/stocks/oswal-agro-mills-ltd) OSWALAGRO · Too little evidence to rank firmly · 52% evidence 28.6 out of 100 Growth Capital Valuation Relative
44. [Susan Electricals India Ltd](https://www.sectoralpha.in/stocks/susan-electricals-india-ltd) quiet · Too little evidence to rank firmly · 36% evidence 61.2 out of 100 Growth Capital Valuation Relative
45. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) Too little evidence to rank firmly · 40% evidence 61.1 out of 100 Growth Capital Valuation Relative
46. [Vision Infra Equipment Solutions Ltd](https://www.sectoralpha.in/stocks/vision-infra-equipment-solutions-ltd) VIESL · breaking out · Too little evidence to rank firmly · 47% evidence 58.4 out of 100 Growth Capital Valuation Relative
47. [Q-Line Biotech Ltd](https://www.sectoralpha.in/stocks/q-line-biotech-ltd) QLINE · losing its lead · Too little evidence to rank firmly · 21% evidence 57.8 out of 100 Growth Capital Valuation Relative
48. Aayush Art and Bullion Ltd breaking out · Too little evidence to rank firmly · 48% evidence 57.7 out of 100 Growth Capital Valuation Relative
49. [HP Telecom India Ltd](https://www.sectoralpha.in/stocks/hp-telecom-india-ltd) HPTL · Too little evidence to rank firmly · 32% evidence 57.1 out of 100 Growth Capital Valuation Relative
50. [SK Minerals & Additives Ltd](https://www.sectoralpha.in/stocks/sk-minerals-additives-ltd) quiet · Too little evidence to rank firmly · 43% evidence 55.9 out of 100 Growth Capital Valuation Relative
51. [Aptus Pharma Ltd](https://www.sectoralpha.in/stocks/aptus-pharma-ltd) Too little evidence to rank firmly · 41% evidence 55.6 out of 100 Growth Capital Valuation Relative
52. [Mardia Samyoung Capillary Tubes Company Ltd](https://www.sectoralpha.in/stocks/mardia-samyoung-capillary-tubes-company-ltd) MSCTC · Too little evidence to rank firmly · 26% evidence 55.3 out of 100 Growth Capital Valuation Relative
53. [Proventus Agrocom Ltd](https://www.sectoralpha.in/stocks/proventus-agrocom-ltd) PROV · breaking out · Too little evidence to rank firmly · 39% evidence 54.1 out of 100 Growth Capital Valuation Relative
54. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) breaking out · Too little evidence to rank firmly · 48% evidence 51.8 out of 100 Growth Capital Valuation Relative
55. [Monika Alcobev Ltd](https://www.sectoralpha.in/stocks/monika-alcobev-ltd) MONIKA · Too little evidence to rank firmly · 27% evidence 49.9 out of 100 Growth Capital Valuation Relative
56. [Onix Solar Energy Ltd](https://www.sectoralpha.in/stocks/onix-solar-energy-ltd) ONIXSOLAR · quiet · Too little evidence to rank firmly · 47% evidence 45.8 out of 100 Growth Capital Valuation Relative
57. Arvaya Healthcare Ltd ARVAYA · quiet · Too little evidence to rank firmly · 46% evidence 45.4 out of 100 Growth Capital Valuation Relative
58. [A-1 Ltd](https://www.sectoralpha.in/stocks/a-1-ltd) A1L · Too little evidence to rank firmly · 33% evidence 45.3 out of 100 Growth Capital Valuation Relative
59. [Satani Bearings Ltd](https://www.sectoralpha.in/stocks/satani-bearings-ltd) breaking out · Too little evidence to rank firmly · 42% evidence 42.9 out of 100 Growth Capital Valuation Relative
60. [Keto Motors Ltd](https://www.sectoralpha.in/stocks/keto-motors-ltd) quiet · Too little evidence to rank firmly · 42% evidence 40.9 out of 100 Growth Capital Valuation Relative
61. [Aerpace Industries Ltd](https://www.sectoralpha.in/stocks/aerpace-industries-ltd) breaking out · Too little evidence to rank firmly · 36% evidence 37.9 out of 100 Growth Capital Valuation Relative
62. [Prabhatam Infra Venture Ltd](https://www.sectoralpha.in/stocks/prabhatam-infra-venture-ltd) PRABHATAM · Too little evidence to rank firmly · 22% evidence 36.8 out of 100 Growth Capital Valuation Relative
63. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) RRP · Too little evidence to rank firmly · 42% evidence 33.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Trading](https://www.sectoralpha.in/sectors/trading), all 63 compared on one page. ## Which companies are close to Adani Enterprises in size? Adani Enterprises is the largest of 59 Trading companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: RRP Semiconductor, SG Mart, Lloyds Enterprises, MMTC, Rashi Peripherals and PTC India. ### Trading companies close in size

1. Adani Enterprises Ltd ₹3,49,104 crore
2. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) ₹11,641 crore
3. [SG Mart Ltd](https://www.sectoralpha.in/stocks/sg-mart-ltd) ₹10,796 crore
4. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) ₹9,323 crore
5. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) ₹7,566 crore
6. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) ₹5,217 crore
7. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) ₹4,031 crore

[All 59 Trading companies, largest first](https://www.sectoralpha.in/sectors/trading#all-companies)

### Companies close in size in other industries

1. [Maruti Suzuki India Ltd](https://www.sectoralpha.in/stocks/maruti-suzuki-india-ltd) ₹3,58,325 crore · Auto - 4 Wheelers
2. [Mahindra & Mahindra Ltd](https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd) ₹3,53,199 crore · Auto - 4 Wheelers
3. Adani Enterprises Ltd ₹3,49,104 crore
4. [ITC Ltd](https://www.sectoralpha.in/stocks/itc-ltd) ₹3,32,848 crore · Cigarettes & Tobacco Products
5. [Eternal Ltd](https://www.sectoralpha.in/stocks/eternal-ltd) ₹3,31,634 crore · E-Commerce - Platform - Food

## What else do people ask about Adani Enterprises? ### What is Adani Enterprises's share price today? Adani Enterprises Ltd's share price is ₹2,709.20, +17.9% over the past year. The whole company is worth ₹3,66,728 Cr on the market. In the last 52 weeks it traded between ₹1,823 to ₹3,212; today it is 64% of the way up from the low, 0.3% above its 200-day average (as of 4 November 2026). ### What were Adani Enterprises's latest quarterly results? Adani Enterprises Ltd reported revenue of ₹37,216 Cr and net profit of ₹1,221 Cr for the Sep 2026 quarter. Revenue rose 75.1% and profit fell 64.2% compared with a year earlier. Earnings per share were ₹11.02. The operating margin was 15.0%, 1.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Adani Enterprises's market cap? Adani Enterprises Ltd's market capitalisation is ₹3,66,728 Cr at a share price of ₹2,709.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Adani Enterprises performing? Adani Enterprises Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 75.1% and profit fell 64.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 7 weeks running (as of 4 November 2026). ### Will Adani Enterprises's share price go up? This page does not forecast Adani Enterprises Ltd's share price. What it shows instead: the share price is ₹2,709.20, and it has been rising for 23 weeks. Its P/E of 114.5× is higher than 74% of its own last 11 years (as of 4 November 2026). ### Who owns Adani Enterprises? Promoters own 72.0% of Adani Enterprises Ltd, foreign institutions 10.7%, domestic institutions 10.6% and the public 6.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 4.0 percentage points over 8 quarters (as of 4 November 2026). ### Does Adani Enterprises have too much debt? Yes, Adani Enterprises Ltd has a lot of debt: its debt is 1.32× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹1,06,622 Cr against equity of ₹80,926 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Adani Enterprises in its business cycle? Adani Enterprises Ltd's FY26 operating margin was 14.0%, against a 13-year range of 4.9% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Adani Enterprises story? The main question: domestic institutions moved +4.0 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Adani Enterprises a stock worth studying right now? What the numbers show: Adani Enterprises Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Adani Enterprises share price forecast for 2026? What management itself guided: NMIA to exit FY27-28 at full 20 million pax capacity, running 5 million per quarter by Q1 2028. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india

This is research, not advice. We’re not SEBI-registered.