Financial

Adani Group and Hindenburg Controversy !!

The Adani Group and Hindenburg controversy pertains to allegations made by the investment research firm Hindenburg Research against the Adani Group, a large Indian conglomerate with businesses in sectors such as energy, logistics, and infrastructure.

In June 2021, Hindenburg Research published a report titled "The Adani Group: [in] Good Company?" in which it made several claims of impropriety by the Adani Group. Some of the allegations made by Hindenburg Research include:

• That the Adani Group had inflated its profits by using opaque accounting practices, and that it had artificially inflated the value of its ports and power businesses.
• That the Adani Group had links to companies that had been sanctioned by the US government for their ties to the Myanmar military junta, and that it had been involved in the illegal export of coal to Myanmar.
• That the Adani Group had been involved in environmental and labor violations at its Australian coal mines, and that it had misled investors about the progress of its Carmichael coal mine project in Australia.

The Adani Group has denied these allegations and has said that they are "blatantly erroneous" and "lack any real substance". The Group has also accused Hindenburg Research of having a vested interest in spreading false information about the Group, and has threatened legal action against the firm.

The controversy has raised concerns about the governance practices of Indian conglomerates, as well as the environmental and social impact of the Adani Group's businesses. It has also highlighted the role of investment research firms in uncovering potential financial wrongdoing by companies.

Here are fine fundamentals and ratio analysis of Top Most Adani Shares

ADANI ENTERPRISE

Parent organisations: Adani Enterprises Ltd

MD/CEO: Mr Rajesh Adani

Founded in: 1993

FUNDAMENTALS

CMP- 1879.50

Mkt Cap: 1,83,227Cr

P/E Ratio (TTM): 88.24

P/B Ratio: 7.94

Industry P/E: 24.73

Debt to Equity: 1,31

ROE: 3.94%

EPS (TTM): 18.21

Div.Yield: 0.06%

Book Value: 276.78

Face Value: 1

SHAREHOLDING PATTERN

Promoters: 72.63

Foreign Institutions: 15.39

Retail: 6.54

Other domestic Institution: 4.25

Mutul Fund: 1.19

ADANI GREEN ENERGY.

Parent organisations:Adani Green Energy  Ltd

MD/CEO: Mr Vineet Jain

Founded in: 2015

FUNDAMENTALS

CMP: 561.75

Mkt Cap: 84,746Cr

P/E Ratio (TTM): 143.99

P/B Ratio: 32.01

Industry P/E: 17.21

Debt to Equity: 7.70

ROE: 20.40% 

EPS (TTM): 3.72

Div.Yield: NA

Book Value: 42.67

Face Value: 10

SHAREHOLDING PATTERN

Promoters: 60.75%

Retail: 22.71%

Foriegn Institution: 15.14%

Other Domestic Institutions: 1.28%

Mutul Fund: 0.12% 

ADANI POWER LTD

Parent organisations: Adani Power Ltd

MD/CEO: Mr Anil Sardana

Founded in: 1996

FUNDAMENTALS

CMP: 169.30

Mkt Cap: 62,193Cr

P/E Ratio (TTM): 6.14

P/B Ratio: 3.37

Industry P/E: 17.21

Debt to Equity: 1.87

ROE: 31.12%

EPS (TTM): 26.26

Div.Yield: NA

Book Value: 62.75

Face Value: 10

SHAREHOLDING PATTERN

Promoters: 74.97%

Retail: 12.15%

Foreign Institution: 12.88%

Other Domestic institutions: 00

Mutul Fund: 00

ADANI TOTAL GAS LTD

Parent organisations:Adani Total Gas  Ltd

MD/CEO: NA

Founded in: 2005

FUNDAMENTALS

CMP: 781.30

Mkt Cap: 81,837Cr

P/E Ratio (TTM): 154.38

P/B Ratio: 33.87

Industry P/E: 15.41

Debt to Equity: 0.45

ROE: 23.42

EPS (TTM): 4.82

Div.Yield: 0.03%

Book Value: 24.43

Face Value: 1

SHAREHOLDING PATTERN

Promoters: 74.80%

Retail: 1.86%

Other domestic Institution: 5.96

Foreign Institutions: 17.25%

Mutul Fund: 0.13%

ADANI TRANSMISSION LTD.

Parent organisations: Adani Transmission Ltd

MD/CEO: Mr Anil Sardana

Founded in: 2013

FUNDAMENTALS

CMP: 744.15

Mkt Cap: 7901Cr

P/E Ratio (TTM): 73.09

P/B Ratio: 7.86

Industry P/E: 10.07

Debt to Equity: 3.16

ROE: 12.79%

EPS (TTM): 9.70%

Div.Yield: NA

Book Value: 96.70

Face Value:10

SHAREHOLDING PATTERN

Promoters: 74.19%

Retail: 2.71%

Other domestic Institution: 3.65%

Foreign Institutions: 19.32%

Mutul Fund: 0.13

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD

Parent organisations: Adani Port and Special Economic Zone Ltd

MD/CEO: Mr Goutam Adani

Founded in: 1998

FUNDAMENTALS

CMP: 684.65

Mkt Cap: 1,34,555Cr

P/E Ratio (TTM): 25.60

P/B Ratio: 3.13

Industry P/E: 13.17

Debt to Equity: 1.07

ROE: 13.49%

EPS (TTM): 24.33

Div.Yield: 0.80%

Book Value: 205.43

Face Value: 2

SHAREHOLDING PATTERN

Promoters: 65.13% 

Retail: 6.97%

Other domestic Institution: 9.71%

Foreign Institutions: 13.76%

Mutul Fund: 4.43% 

ADANI WILMAR

Parent organisations: Adani Wilmar Ltd

MD/CEO: Mr Angshu Mallick

Founded in: 1999

FUNDAMENTALS

CMP : 418.55

Mkt Cap: 51,812Cr

P/E Ratio (TTM): 70.48

P/B Ratio: 6.81

Industry P/E: 18.83

Debt to Equity: 0.40

ROE: 14.74

EPS (TTM): 5.66

Div.Yield: NA

Book Value: 60.26

Face Value: 1

SHAREHOLDING PATTERN

Promoters: 87.94%

Retail: 10.35%

Other domestic Institution: 0.12%

Foreign Institutions: 1.57%

Mutul Fund: 0.02%

Thank You !