Adani Enterprises houses energy & utility, infrastructure (including airports), minerals, metals and mining and direct-to-consumer businesses. AEL has a market cap of Rs 3.6 lakh crore. Its shares were trading at Rs 3,186 a piece, still 21% below its all-time high of Rs 4,019 prices achieved in November 2022. It has debt of Rs 56,664 crore as of June 30, 2024, up from Rs 50,124 crore at the end of March quarter. It has been able to improve its net debt/EBIDTA ratio from the high of 5.2 times at the end of FY22 to 2.1 times at the end of first quarter of FY25.
Recently, Adani Energy Solutions (AESL) raised Rs 8,373 crore via QIP route. This marks AESL’s first equity raise in capital market since its demerger and listing from Adani Enterprises Limited in July 2015.
