Adani Enterprises Limited (ADANIENT) Fair Value & Analysis
Energy · IN · Market cap ₹4.5T (≈ $47.6B) · ISIN INE423A01024
What is Adani Enterprises Limited really worth?
Below-average quality, and trading another 230% above our fair value of ₹891.11.
Risks
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from ₹901.17 to ₹891.11 (−1.1%) since Jul 13, 2026. Share price −3.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹891.11). The favourable scenario is already priced in.
- Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹1,191 – ₹4,158 · fair‑value band ₹630.82 – ₹891.11 · the ₹2,938 price screens above the ₹891.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Adani Enterprises Limited (ADANIENT) currently trades at ₹2,938, while our model-based Fair Value estimate is ₹891.11, implying the stock looks roughly 229.7% overvalued today. The Quality Score stands at 18/100 (below-average quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of ₹901.17 per share, and 0 of the 14 models we run sit above the ₹2,938 price. Bear case: the Multiples group reads lowest at ₹278.96, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Adani Enterprises Limited generated revenue of ₹1.0T at a net margin of 9.3%. Revenue grew 20.3% year over year. It earns a return on equity of 13.7%. Net debt stands at ₹948B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹630.82 (bear case) to ₹891.11 (bull case); at ₹2,938, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −22% fair-value upside, at −70%, ADANIENT screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹31.24 per share, which is 3.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: Growth Earnings (₹901.17) versus Dividend Discount (₹19.08). Highest evidence: Residual Income (69).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 23 · Market factors (momentum, volatility) 69
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments.
Full company description
Adani Enterprises Limited, together with its subsidiaries, operates in the new energy ecosystem, data center, airports, roads, copper and PVC, and other sectors in India and internationally. It operates through the Integrated Resources Management (IRM), Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, copper, and Others segments. The company engages in the integrated ecosystem for manufacturing green hydrogen, including solar cells, modules, and wind turbine generators; construction, operation, and maintenance of airports and road assets; commercial mining activities; supply of bunker fuels to shipping vessels; manufacture and supply of defense equipment; copper cathodes and cast rods; digital labs; and copper smelting and refinery, as well metals manufacturing. It also provides procurement and logistics services for minerals, as well as mining services. In addition, the company is involved in the sourcing, storage, and marketing of apples, grapes, pomegranates, stone fruits, digital mandi, and frozen peas; wastewater treatment, recycling, reuse projects; the operation of a news network; and Infrastructure Development and Water Resource Management. Further, it holds a portfolio of small arms, ammunition, unmanned aerial vehicles, counter-drone systems, missiles, and aircraft services. It also provides education, training and skill development. The company was founded in 1988 and is headquartered in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Adani Enterprises Limited reported revenue of ₹1.0T in FY2026 versus ₹694B in FY2022, a compound +9.7%/yr. Reported net income was ₹93.4B in FY2026, compounding +86.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
of which total revenue +9.1 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ADANIENT screens 230% overvalued. Compare with China Shenhua Energy Company →
Peer Group
Thermal Coal · 99 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Thermal Coal median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥48.05 | ¥34.97 | −27% |
| PT Bayan Resources Tbk., BYAN | 15,325 IDR | 3,542 IDR | −77% |
| Shaanxi Coal Industry Company 601225 | ¥25.08 | ¥23.90 | −5% |
| Yankuang Energy Group 600188 | ¥21.60 | ¥13.24 | −39% |
| Coal India Limited COALINDIA | ₹417.85 | ₹464.01 | +11% |
| 533278 533278 | ₹406.50 | ₹660.78 | +63% |
| China Coal Energy Company 601898 | ¥13.93 | ¥13.91 | +0% |
| PT Dian Swastatika Sentosa Tbk, DSSA | 1,145 IDR | 352.75 IDR | −69% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥26.48 | ¥20.72 | −22% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.27 | ¥7.20 | −56% |
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