Adani Enterprises Limited, a constituent of the Adani Group, is a publicly-listed Indian multinational holding company. Its headquarters are located in Ahmedabad. The company is primarily engaged in the mining and trading of coal and iron ore. It has a diverse range of business interests through its subsidiaries, including airport operations, edible oils, road, rail, and water infrastructure, data centers, and solar manufacturing, among other sectors.
In this article, we will delve into the factors that are likely to influence Adani Enterprises’ share price over the next several years and provide our take on the company’s potential target price for 2023 to 2030. We will also discuss the company’s growth prospects, market trends, and the impact of macroeconomic factors on its share price. So, whether you are a seasoned investor or just starting out, this article will provide valuable insights into Adani Enterprises and its future prospects.
ADANI ENTERPRISES IN RECENT NEWS
- Adani Enterprises Stock Soars 100% from its 52-Week Low in Just 4 Days, Market Cap Surpasses Rs 2 Lakh Crore
- Majority of Adani Companies See Declines; Adani Enterprises Narrows Initial Losses to End 4% Down
- Adani Enterprises witnessed a decline of almost 3% in its stock price as its shares were placed under the short-term ASM (Additional Surveillance Measure) framework, resulting in the drop.
- Gautam Adani plans to generate $3.5 billion through a share sale in three of his group companies.
- Adani Enterprises’ profit jumps more than 135% as it gradually recovers from Hindenburg.
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ADANI ENTERPRISES SHARE PRICE TARGET 2023
|ADANI ENTERPRISES SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Based on the available data, Adani Enterprises is expected to see significant growth in its share price throughout 2023, with a bullish outlook and an upward trend. The minimum and maximum share price projections for the year indicate a potential growth range of over 40% to nearly 70%. The projected share price targets for Adani Enterprises in 2023 indicate a fluctuating range between the maximum and minimum prices throughout the year. The maximum price target for Adani Enterprises’ shares is expected to reach as high as ₹2,605.00, while the minimum price target could be as low as ₹1,652.24.
ADANI ENTERPRISES SHARE PRICE TARGET 2024
|ADANI ENTERPRISES SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
According to the data, Adani Enterprises is projected to continue its upward trend into 2024, with the minimum and maximum share price targets indicating a growth range of over 25% to nearly 60%. The months of October and November are expected to see particularly strong growth, with predicted increases of over 11% and 12%. This positive outlook, combined with the company’s continued expansion and growth, suggests that 2024 could be another year of strong performance for Adani Enterprises’ stock. The minimum share price target for the year is estimated at ₹1,037.03, while the maximum share price target is projected at ₹3,480.61.
ADANI ENTERPRISES SHARE PRICE TARGET 2025
|ADANI ENTERPRISES SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The outlook for Adani Enterprises’ share price in 2025 remains bullish, with the maximum target price expected to reach ₹4,222.04 and the minimum target price expected to be ₹3,247.72. Throughout the year, the share price is predicted to show a consistent uptrend, with steady growth percentages ranging from 4.7% to 13.6%. With strong performance expected throughout the year, Adani Enterprises remains a profitable investment opportunity for investors looking to capitalize on the company’s growth in the coming years.
ADANI ENTERPRISES SHARE PRICE TARGET 2026 TO 2030
|ADANI ENTERPRISES SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
ADANI ENTERPRISES share price target for 2026 to 2030 shows a varying trend, with maximum and minimum prices ranging from ₹2,955.43 to ₹10,343.99 and ₹2,068.80 to ₹7,240.79 respectively. The share price of ADANI ENTERPRISES in 2026 has a maximum target of ₹2,955.43 and a minimum target of ₹2,068.80. The trend continues to show a decrease in 2027 with a maximum target of ₹2,512.11 and a minimum target of ₹1,758.48.
However, in 2028, the share price of ADANI ENTERPRISES shows a significant increase with a maximum target of ₹4,521.80 and a minimum target of ₹3,165.26. The upward trend continues in 2029 with a maximum target of ₹9,288.48 and a minimum target of ₹6,501.94. The share price reaches its peak in 2030 with a maximum target of ₹10,343.99 and a minimum target of ₹7,240.79.
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FINANCIAL STRENGTH OF ADANI ENTERPRISES (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||74.81||-8.61||7.66||12.14||-2.02|
|Total Expenses Growth (%)||78.40||-9.77||6.77||12.91||-1.03|
|Profit after Tax (PAT)||776.56||922.64||1,138.17||717.14||757.25|
|PAT Growth (%)||-15.83||-18.94||58.71||-5.30||-23.34|
|Operating Profit Margin (%)||5.00||6.88||5.75||5.32||5.46|
|Net Profit Margin (%)||1.11||2.33||2.62||1.77||2.10|
|Basic EPS (₹)||7.06||8.39||10.35||6.52||6.89|
Adani Enterprises has shown remarkable growth over the past five years, as indicated by the financial statement. The total revenue of the company in FY 2022 was ₹70,432.69, which showed a significant growth of 74.81% from the previous year. On the other hand, the total expenses of the company also increased by 78.40% in the same period.
Despite the increase in expenses, Adani Enterprises managed to maintain its profit after tax (PAT) of ₹776.56, which showed a slight decline of 15.83% from the previous year. The operating profit margin for the company in FY 2022 was 5.00%, while the net profit margin was 1.11%. The basic EPS (Earnings Per Share) for the company in FY 2022 was ₹7.06.
The company showed a minimum of -23.34% PAT growth in FY 2018, whereas the maximum of 58.71% PAT growth was observed in FY 2020. Overall, Adani Enterprises has demonstrated steady growth in terms of revenue, expenses, and profit margins over the last five years.
ADANI ENTERPRISES SHARE PRICE BY EXPERTS
- Aswath Damodaran’s evaluation of Adani Enterprises’ valuation as seen by Basant Maheshwari.
- According to Deven Choksey, the top Adani stocks have the potential to witness an appreciation of around 15-20% from their current levels.
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The ADANI ENTERPRISES’s share price target for 2023 is 2486.07 INR.
The ADANI ENTERPRISES’s share price target for 2026 is 2955.43 INR.
The ADANI ENTERPRISES’s share price target for 2030 is 10343.99 INR.
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THE BOTTOM LINE: ADANI ENTERPRISES SHARE PRICE TARGET
Based on the financial performance of ADANI ENTERPRISES over the last five years, it can be concluded that the company has experienced both ups and downs in terms of growth. During this period, the company has recorded a significant increase in total revenue growth, with a maximum growth of 74.81% in FY 2022 and a minimum growth of -8.61% in FY 2021.
However, despite the growth in revenue, the company’s Profit after Tax (PAT) has shown fluctuations, with a maximum growth of 58.71% in FY 2020 and a minimum growth of -15.83% in FY 2022. Additionally, the company’s basic EPS has also fluctuated, with a maximum of 10.35 in FY 2020 and a minimum of 7.06 in FY 2022.
In conclusion, it is difficult to determine if ADANI ENTERPRISES shares are a good investment based on the financial performance of the last five years. While the company has shown growth in revenue and has experienced positive PAT growth at times, the fluctuations in PAT and basic EPS indicate a certain level of uncertainty. As with any investment, it is important to conduct thorough research and consider various factors before making a decision.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.