Rs 57,561 crore order book: Adani Group-backed Power Company Completes 100 per cent Acquisition of Mahan Transmission Ltd; Stock Price Jumped Over 8 per cent Today
With a PE ratio of 61, the company trades at a premium compared to the industry PE of 30.6. The company has ROCE of 9.03 per cent and ROE of 8.59 per cent.
Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement to acquire 100 per cent equity shares of Mahan Transmission Limited (MTL) from REC Power Development and Consultancy Limited. This acquisition aligns with AESL's strategy to enhance shareholder value through both organic and inorganic growth opportunities. MTL, a transmission service provider, will play a crucial role in evacuating 1,230 MW of power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district, feeding into the state grid.
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The acquisition was completed with cash consideration, with equity shares acquired at a face value of Rs. 10 each. MTL, incorporated in India and registered with the Registrar of Companies, New Delhi, on November 20, 2024, is set to bolster AESL's transmission capabilities significantly. This strategic move is expected to strengthen AESL's position in the electric utilities sector, furthering its growth and operational efficiency.
Adani Energy Solutions Limited (AESL), part of the Adani portfolio, is India's largest private transmission company, operating across various segments of the energy domain, including power transmission, distribution, smart metering, and cooling solutions. The company serves over 12 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. AESL's power transmission segment operates 29 projects across 14 states, with a project pipeline worth Rs. 27,300 crore. The company aims to expand its transmission assets to 30,000 circuit kilometres by 2030. In FY24, AESL commissioned several key projects, enhancing its transformation capacity by 10,000 MVA. The company also focuses on smart metering, capturing a 20 per cent market share across nine projects. In H1 FY25, AESL incurred a capex of Rs. 4,400 crore, with a significant portion allocated to transmission. The company's consolidated net debt stood at Rs. 27,500 crore as of Q2 FY25. AESL projects an EBITDA growth of over 15% and has guided a capex of Rs. 6,000 crore for FY25.
On Thursday, March 27, 2025, the current stock price of Adani Energy Solutions Limited was Rs 865.35. The 52-week High is Rs 1,261, and the 52-week Low is Rs 601.15.
Adani Energy Solutions Limited has a market capitalisation of Rs 1,04,974.12 crore.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 5,830.26 crore, reflecting a YoY growth of 27.78 per cent compared to Rs 4,562.73 crore in December 2023.The operating profit stood at Rs 1,660.74 crore, marking a 12.93 per cent increase from Rs 1,470.64 crore in the same quarter last year. The profit after tax (PAT) increased by 72.91 per cent to Rs 561.78 crore from Rs 324.90 crore in December 2023.
In FY24, the company posted a revenue of Rs 16,607.36 crore, registering a 24.94 per cent growth compared to Rs 13,292.72 crore in FY23. The net profit for the year stood at Rs 1,137.28 crore, down 9.48 per cent from Rs 1,256.33 crore in the previous financial year.
As of December 2024, the shareholding pattern is as follows: Promoters hold 69.94 per cent, FIIs have 17.34 per cent, DIIs own 5.85 per cent, and the public holds 6.87 per cent.
With a PE ratio of 61, the company trades at a premium compared to the industry PE of 30.6. The company has ROCE of 9.03 per cent and ROE of 8.59 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.