Raw Materials

Adani Enterprises

ADANIENTNSEMega CapParent: Adani Group

Live₹2,520syncing…

Diversified incubator group with copper, aluminium, solar, data center and infrastructure exposure.

Market Cap

₹3.26L cr

Price

2520

1Y -2%

Direct exposure

25/100

0–100 directness

Sell / Avoid

Fundamental

16/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

30/ 100

Trend, momentum, volume and relative strength composite

Valuation

22/ 100

Higher = cheaper vs peers and own history

Final composite

27/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Adani Enterprises · ADANIENT

₹2,520-14.68% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

16/ 100D

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 36

Red flags -20

Growth quality/ 20

0.0

Rev 1Y -9.4% · 3Y CAGR -27.9%

Margin & profitability/ 15

15.0

EBITDA 16.4% · PAT 44.3%

Return on capital/ 20

15.8

ROCE 13% · ROE 43%

Cash flow quality/ 15

0.0

OCF/EBITDA -89% · FCF yield -3.1%

Leverage discipline/ 10

2.0

Net Debt/EBITDA 2.40x

Reinvestment runway/ 8

3.4

ROCE × retention proxy

Accounting quality/ 7

0.0

OCF conversion proxy

Governance/ 5

0.0

Pledge 5.0% · Risk 50/100

Red flags (4)

− Promoter pledgePledge 5.0%-8
− Weak cash conversionOCF/EBITDA -89% < 50%-4
− Declining revenueRev 1Y -9.4%-4
− Governance risk elevatedRisk score 50/100-6

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

30/ 100D

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 44

Red flags -14

Trend structure/ 20

7.7

Below 200DMA · -4% from 52W high

Momentum velocity/ 15

9.8

RSI(14) 46 · 1M 0.0%

Volume dynamics/ 15

13.5

Bucket: Mega Cap

Relative strength/ 15

2.0

RS vs Nifty -22%

MA cluster/ 10

0.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

7.0

RSI(14) 46; ideal 50-60

Volatility profile/ 8

3.6

Bucket: Mega Cap

Pattern integrity/ 7

0.0

Trend continuation proxy

Red flags (2)

− Below 200 DMALong-term trend broken-10
− Underperforming NiftyRS -22%-4

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Raw Materials · 25/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 50/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Indirect semicon linkage via copper/aluminium/data centers with elevated balance sheet and governance risks.

Bull case

+Diversified incubator
+Copper/aluminium scale
+Data center build-out

Bear case

−Net debt
−Governance overhangs
−Promoter pledge

Key monitorables

Net debt trajectoryPledge releaseCapex discipline

Semiconductor exposure

How direct, how visible

Primary segment

Raw Materials

All segments

Raw Materials, Power & Infrastructure

Exposure type

Ancillary

Policy beneficiary

Possible

Import substitution

Medium / Low

Governance risk score

50/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

-9.4%

Rev CAGR (3Y)

-27.9%

EBITDA margin

16.4%

PAT margin

44.3%

ROCE

13%

ROE

43%

OCF / EBITDA

-89%

Net Debt / EBITDA

2.4x

Promoter holding

73.9%

Promoter pledge

5.0%

Valuation

P/E (TTM)

33.9

Forward P/E

70.0

EV/EBITDA

77.6

EV/Sales

12.7

P/B

12.2

FCF Yield

-3.1%

Dividend Yield

0.10%

Hist. percentile

70%

Peer percentile

80%

Technicals

RSI(14)

1M return

0.0%

1Y return

-2%

From 52W high

-4%

RS vs Nifty

-22%

>200 DMA

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹25.7k cr	₹25.7k cr	₹28.3k cr	₹33.7k cr	₹68.6k cr	₹27.3k cr	₹13.8k cr
↳ YoY growth	+0.0%	-9.4%	-15.9%	-50.9%	+151.0%	+98.7%	—
EBITDA	₹4.5k cr	₹4.2k cr	₹4.6k cr	₹3.1k cr	₹1.8k cr	₹1.4k cr	₹1.2k cr
↳ EBITDA margin	17.5%	16.4%	16.2%	9.2%	2.6%	5.1%	8.4%
PAT	₹11.4k cr	₹11.4k cr	₹6.0k cr	₹2.8k cr	₹1.6k cr	₹721 cr	₹369 cr
↳ PAT margin	44.3%	44.3%	21.3%	8.4%	2.4%	2.6%	2.7%
OCF	₹-3.2k cr	₹-3.7k cr	₹508 cr	₹11.2k cr	₹2.1k cr	₹1.6k cr	₹601 cr
↳ OCF / EBITDA	-72.1%	-88.9%	11.1%	363.0%	116.3%	111.6%	52.0%
FCF (= OCF − capex)	₹-18.7k cr	₹-10.2k cr	₹-2.0k cr	₹-4.8k cr	₹-1.0k cr	₹240 cr	₹601 cr
Total Equity	₹62.8k cr	₹26.7k cr	₹16.6k cr	₹13.9k cr	₹4.7k cr	₹4.1k cr	₹3.8k cr
Total Assets	₹82.2k cr	₹50.3k cr	₹42.2k cr	₹40.1k cr	₹21.7k cr	₹13.0k cr	₹13.9k cr
↳ ROE	18.1%	42.6%	36.3%	20.4%	34.3%	17.5%	9.8%
↳ ROA	13.8%	22.6%	14.3%	7.1%	7.5%	5.5%	2.7%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.8%

Promoter

74.7%

Mutual Funds

2.7%

FII

10.8%

Public

7.8%

Promoter holding trend

74.7

Mar

74.9

Jun

74.0

Sep

74.0

Dec

74.0

Mar

74.0

Jun

74.0

Sep

74.0

Dec

74.7

Mar

Δ:+0.0% over 9 quarters

Commentary

·Persistent small promoter pledge ~0.8%
·Promoter stable at ~74-75%
·Watch pledge trajectory given Adani group leverage history

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Acceptable returns on capital, room for sharper allocation.

ROCE 13%, div yield 0.1%

Promoter holding

Promoter has strong skin in the game.

73.9%

Promoter pledge

Pledging active — track changes quarterly.

5.0%

Debt discipline

Watch — leverage building.

Net Debt/EBITDA 2.40x

Cash conversion

Weak cash conversion — investigate working capital and quality of earnings.

OCF/EBITDA -89%

Governance composite

Material governance overhang; high bar before owning.

50/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Optionality from policy and segment leadership, even if near-term technicals are mixed. Patience is being demanded of holders.

What we think it's missing

The market is correctly cautious. Variant perception works against you here — wait for governance signals to clear.

Thesis killers

×Leverage surprise — capex overrun without corresponding revenue ramp
×Working capital blowout disclosed in next quarterly result
×Pledging escalates further or promoter sells in open market
×Multiple compression on a single weak earnings print
×Auditor change, CFO exit, or RPT disclosure that requires explanation

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation