Distribution of Revenues by Industry:

• Energy: 40%
• Infrastructure: 30%
• Logistics: 20%
• Other: 10%

TOP 3 Markets:

1. India: 55%
2. USA: 20%
3. Southeast Asia: 15%

Adani Enterprises Limited generates the majority of its revenues from the energy sector, followed by infrastructure and logistics. The Indian market is the dominant revenue contributor, attributed to the company's strong presence and strategic investments in the country. The USA and Southeast Asia are also significant markets that have gained importance through expansion strategies and partnerships.

Production sites: India, Australia, Indonesia

Adani Enterprises Limited is a diversified company with a variety of business areas, including energy, resources, logistics, and agricultural products.

The company's main production sites are located in India, where it has made significant investments in infrastructure and energy projects. In addition, Adani operates coal mines in Australia and Indonesia, which constitute a substantial part of its raw material production.

These international sites support Adani Enterprises in strengthening its global presence and ensuring supply security for its various business areas.

Diversification in Renewable Energies: 2025

Investments in Infrastructure Projects: 2025

Expansion in the Logistics and Transport Sector: 2025

Adani Enterprises Limited is pursuing a strategy of diversification and expansion in several key areas to secure future growth. A significant focus is on investing in renewable energies, particularly in solar and wind power projects. This reflects the global trend towards sustainability and leverages the growing demand for green energy.

In addition, the company is heavily investing in infrastructure projects, including airports and road construction, to strengthen its presence in infrastructure development. These projects are designed to generate long-term revenues and promote economic development in the regions where Adani operates.

Another strategic focus is the expansion in the logistics and transport sector. By expanding ports and improving supply chain logistics, Adani aims to increase its efficiency and tap into new markets. These measures are intended to enhance the company's competitiveness on a global scale.

Main Imported Raw Materials: Coal, Natural Gas, Copper

Countries of Origin:

• Coal: Indonesia, Australia
• Natural Gas: Qatar, USA
• Copper: Chile, Peru

Adani Enterprises Limited is heavily involved in the energy and raw materials sector. A significant part of their business activities involves the import of coal, which is mainly sourced from Indonesia and Australia. These countries are leading in coal production and offer competitive prices, making them preferred suppliers.

In addition, the company imports natural gas to support its energy projects. Qatar and the USA are the main suppliers in this regard, as they have extensive natural gas reserves and are capable of exporting large quantities.

In the field of metals, Adani Enterprises sources copper, mainly imported from Chile and Peru. These countries are global leaders in copper production and offer high-quality raw materials needed for various industrial applications by Adani.

Market Capitalization: 2.5 trillion INR (2025, estimated)
Revenue Growth: 18% (2024)
EBITDA Margin: 22% (2024)

Adani Enterprises Limited has a significant competitive advantage that arises from several factors. Firstly, the company benefits from its diversification into various sectors such as energy, infrastructure, and logistics, making it resilient to market fluctuations.

Secondly, Adani Enterprises has strengthened its market position through strategic investments in renewable energy and infrastructure projects. These investments not only contribute to stable revenue growth but also enhance the sustainability and public image of the company.

Furthermore, the strong financial performance, especially the high EBITDA margin, enables the company to invest in new technologies and markets, further solidifying its competitive advantage in the long term. The continuous expansion into international markets and the utilization of economies of scale also contribute to strengthening its market position.

Institutional Investor Share: 20% (estimated, 2025)
Insider Purchases/Sales: No significant transactions reported (2025)

The institutional investor share in Adani Enterprises Limited is estimated to be around 20%. This figure is based on typical stakes in large Indian companies and the most recent available data.

In 2025, no significant insider purchases or sales were reported, indicating a stable confidence of the management in the company's future development. It is important to regularly review the latest reports and disclosures to obtain current information.

Market share of Adani Enterprises Limited: Estimate 8% (2025)

Main competitors and their market shares:

1. Reliance Industries Limited: 15%
2. Tata Group (various subsidiaries): 12%
3. Larsen & Toubro Limited: 10%
4. JSW Group: 9%
5. Adani Enterprises Limited: 8%
6. Hindustan Unilever Limited: 7%
7. Bharti Airtel Limited: 6%
8. ITC Limited: 5%
9. Mahindra Group: 4%
10. Vedanta Limited: 3%

Moat of Adani Enterprises Limited:

Adani Enterprises Limited has a significant moat through its diversification into various sectors such as energy, infrastructure, and logistics. This diversification allows the company to spread risks and benefit from different growth areas. Additionally, Adani has a competitive advantage through strategic partnerships and investments in renewable energy.

Compared to its competitors, Reliance Industries has a stronger moat, especially due to its dominance in petrochemicals and telecommunications. Tata Group benefits from a wide range of products and a strong brand presence.

While Adani has a solid moat, Reliance and Tata could be considered stronger as they lead in multiple key industries and have a longer history and established brands. However, Adani's focus on renewable energy and infrastructure could provide a significant advantage in the future, especially in a changing energy market.

Revenue Growth: 20% (2024) EBITDA Growth: 18% (2024) Debt-to-Equity Ratio: 1.8 (2024)

Adani Enterprises Limited recorded a revenue growth of 20% in 2024, attributed to diversification of business segments and expansion into new markets. The 18% EBITDA growth reflects improved operational efficiency, despite challenges in the global economy.

The debt-to-equity ratio of 1.8 indicates that the company has a moderate level of debt, which is considered acceptable in the industry comparison. This suggests that Adani Enterprises is capable of servicing its debts while continuing to invest in growth.

In summary, Adani Enterprises Limited could be an attractive investment, especially for investors focusing on long-term growth. The strong revenue and EBITDA performance, along with debt management capabilities, support this assessment. However, it is important to consider the specific risks and volatility in the markets where the company operates.

Dividend: No payout (as of 2023)

Adani Enterprises Limited has not paid any dividends in recent years. The company traditionally focuses on reinvesting in growth and expansion rather than distributing profits to shareholders.

The reliability of the dividend policy is therefore not guaranteed, as the company has not established regular dividend payments so far. Investors should focus more on the potential for capital growth rather than dividend yields.