1 hr ago
Brokerages See Up to 25% Upside in Adani Enterprises
A report says Adani Enterprises may have significant room for its share price to rise.
MOFSL is positive about the company’s airports, new-energy and data-centre businesses.
It says a transaction involving Adani Airport Holdings brings in global investors and money for expansion.
The brokerage expects the company’s revenue and profits to grow strongly through FY29.
It also expects the airport business to expand quickly.
Navi Mumbai International Airport has started operating with initial capacity for 20 million passengers a year.
More income could come from shopping, services and other airport activities.
Development around airports in Mumbai and Ahmedabad could create additional long-term revenue.
MOFSL and Jefferies are cited as seeing up to 25% upside in Adani Enterprises shares.
MOFSL said the Adani Airport Holdings transaction brings in global investors and growth capital.
The brokerage expects Adani Enterprises revenue, EBITDA and PAT to grow about 22%, 29% and 82%, respectively, over FY26-29.
Adani Airport Holdings revenue and EBITDA are forecast to grow at 21% and 24% CAGRs over FY26-29.
MOFSL identified airport expansion, non-aeronautical monetisation and city-side development as key growth drivers.
- Who
- Adani Enterprises, Adani Airport Holdings, MOFSL and Jefferies.
- What
- Brokerages reportedly see up to 25% upside in Adani Enterprises shares, while MOFSL forecasts strong growth across its businesses.
- Where
- The cited airport projects include locations in Mumbai and Ahmedabad, with Navi Mumbai International Airport also highlighted.
- When
- The forecasts cover FY26-29; city-side development is expected to progress over the next two to three years.
- Why
- Growth is expected from airport expansion, non-aeronautical monetisation, city-side development, new energy, data centres and increasing cash generation.
Key facts
- Reported share upside
- Up to 25%, according to the article headline.
- Adani Enterprises forecast
- Revenue, EBITDA and PAT are expected to grow about 22%, 29% and 82%, respectively, over FY26-29.
- Airport business forecast
- Adani Airport Holdings revenue and EBITDA are expected to grow at 21% and 24% CAGRs over FY26-29.
- Navi Mumbai airport
- Operations began with initial Phase I capacity of 20 million passengers per annum.
- Airport growth drivers
- Passenger-traffic growth, non-aeronautical monetisation and city-side development.
- City-side timeline
- Phase I at Mumbai and Ahmedabad airports is expected to be completed over the next two to three years.
Sources
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