Total group EBITDA grew 40 per cent year-on-year in FY20 (over 5-year CAGR 27 per cent), the group raised fresh funds from equity/debt/strategic investors, promoters in group companies, increased stake And group MCAP increased. ,” Jeffery said in a note. "The group is back in expansion mode and is eyeing US$9 billion of capital expenditure over the next decade."
The US-based brokerage said the group's leverage was at a multi-year low.
Net debt at the group level (loans related to 8 companies and cement business acquisition) remained stable at Rs 2.2 lakh crore, compared to Rs 2.3 lakh crore in FY20.Net debt/EBITDA has improved to 3.3x EBITDA compared to 5x by FY20. year on year. Year. ," I had said.
Adani Ports and Adani Power saw a decline in net debt in FY2024.The increase in leverage for Adani Enterprises and Adani Green was due to new capital expenditure projects undertaken by the companies. In FY24, group flagship Adani Enterprises started solar module manufacturing, a wind turbine facility and an ingot wafer unit as part of the copper smelter. Adani Cement said the promoters have invested more money in the company, while Adani Cement said Sanghi has completed the acquisition of the cement. Completed Adani Ports acquired Gopalpur port, Adani Power commissioned 1.6 GW Godda power plant, Adani Green added 2.8 GW renewable energy capacity and began operation of a solar power project in Khavra, Gujarat and Adani Energy Solutions commissioned 1,244 circuits. Did it.Kilometers of transmission lines were installed.
Going forward, Jefferies said, "Adani Enterprises is ramping up its captive manufacturing capacity towards starting green hydrogen production by FY27; Navi Mumbai airport likely to be operational by 4QFY25; data center projects are ramping up. "
As Adani Cement looks to double capacity, Adani Ports has outlined its 5-year business road map targeting EBITDA growth at 18 per cent CAGR during FY 24-29. The company is targeting 1 billion tonnes of cargo volume by 2030 (15 per cent CAGR), with the expansion the EBITDA of the ports is expected to grow at 16 per cent CAGR. Adani Green has increased its 2030 power capacity.Now the target is from 45 GW to 50 GW, which also includes 5 GW pumped hydro.
Adani Total plans to develop new business areas for gas transportation and mining sector, including LNG storage networks and EV charging facilities. Commodity firm Adani Wilmar is focused on distribution expansion, enhancing alternative channels and improving the mix of premium brands. Jefferies has recommended 'buy' on four group companies - Adani Enterprises, Adani Ports & SEZ, Adani Energy Solutions and Ambuja Cements.
The US-based brokerage said the group's leverage was at a multi-year low.
Net debt at the group level (loans related to 8 companies and cement business acquisition) remained stable at Rs 2.2 lakh crore, compared to Rs 2.3 lakh crore in FY20.Net debt/EBITDA has improved to 3.3x EBITDA compared to 5x by FY20. year on year. Year. ," I had said.
Adani Ports and Adani Power saw a decline in net debt in FY2024.The increase in leverage for Adani Enterprises and Adani Green was due to new capital expenditure projects undertaken by the companies. In FY24, group flagship Adani Enterprises started solar module manufacturing, a wind turbine facility and an ingot wafer unit as part of the copper smelter. Adani Cement said the promoters have invested more money in the company, while Adani Cement said Sanghi has completed the acquisition of the cement. Completed Adani Ports acquired Gopalpur port, Adani Power commissioned 1.6 GW Godda power plant, Adani Green added 2.8 GW renewable energy capacity and began operation of a solar power project in Khavra, Gujarat and Adani Energy Solutions commissioned 1,244 circuits. Did it.Kilometers of transmission lines were installed.
Going forward, Jefferies said, "Adani Enterprises is ramping up its captive manufacturing capacity towards starting green hydrogen production by FY27; Navi Mumbai airport likely to be operational by 4QFY25; data center projects are ramping up. "
As Adani Cement looks to double capacity, Adani Ports has outlined its 5-year business road map targeting EBITDA growth at 18 per cent CAGR during FY 24-29. The company is targeting 1 billion tonnes of cargo volume by 2030 (15 per cent CAGR), with the expansion the EBITDA of the ports is expected to grow at 16 per cent CAGR. Adani Green has increased its 2030 power capacity.Now the target is from 45 GW to 50 GW, which also includes 5 GW pumped hydro.
Adani Total plans to develop new business areas for gas transportation and mining sector, including LNG storage networks and EV charging facilities. Commodity firm Adani Wilmar is focused on distribution expansion, enhancing alternative channels and improving the mix of premium brands. Jefferies has recommended 'buy' on four group companies - Adani Enterprises, Adani Ports & SEZ, Adani Energy Solutions and Ambuja Cements.