Adani Enterprises 4th Adani Group company to cross Rs 4 trillion in market capitalization

13 Sep 2022 , 02:46 PM

As the stock reached a new high on the BSE during Tuesday’s intra-day session, Adani Enterprises became the fourth listed firm of the Gautam Adani Group to cross Rs 4 trillion in market capitalization (market cap).

According to statistics, Adani Enterprises was ranked 15th overall in terms of market cap at 01:24 PM on the BSE, with a market valuation of Rs 4.04 trillion. With a market worth of Rs. 4.48 trillion, Adani Transmission tops the list of group firms, followed by Adani Total Gas (Rs. 3.96 trillion), and Adani Green Energy (Rs 3.72 trillion).

Adani Total Gas’ greatest market cap was Rs 4.20 trillion on August 30, 2022, but Adani Green Energy’s record high market cap was Rs4.83 trillion on April 19, 2022. Adani Enterprises’ stock price increased by 24% during the course of the last month, while the Nifty 50 index only rose by 2%. Compared to a 15% increase in the benchmark index, Adani Enterprises has increased 70% in just three months.

Adani Enterprises’ participation in the premier Nifty 50 index was announced by the National Stock Exchange (NSE) on September 1. From September 30, Adani Enterprises will replace Shree Cement in the benchmark index, the most closely watched stock indicator in the nation.

Adani Enterprises, the parent company of the Gautam Adani Group, is one of the most rapidly expanding diversified companies that offer a wide variety of goods and services. The corporation acts as an incubator, creating new companies in the transportation and logistics, energy, and utility sectors.

Adani Enterprises, through Adani New Industries Limited, is driving the decarbonization of industries and transportation (ANIL). A large amount of wealth may be unlocked in the management of airports, roadways, data centers, and water infrastructure, among other next-generation Adani Enterprises strategic business initiatives.

The financials do not accurately depict the real potential of each company sector because the majority of Adani Enterprises’ new enterprises are still in the investment or early stages of profitability. A survey by Ventura Research estimates that India alone would need 11.2 million tonnes of green hydrogen by 2030, representing a market potential of more than Rs 1.75 trillion.

However, the company doesn’t want to remain just a commodity player. It will use 60% of production for captive purposes to manufacturing value-added products. It will also have backward integration. Adani Enterprises will use its captive renewable energy in hydrogen manufacturing. Adani Enterprises is targeting 2.5 million tonnes of capacity, which can roughly meet around 22% of India’s green H2 demand.

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