The recent correction in equity markets has done little to dent the sky-high valuation of Adani Group companies. Adani Group companies remain some of the most expensive stocks on the bourses, with a combined price-to-earnings (P/E) multiple of 105.3x and a price-to-book value (P/BV) ratio of 15.3x.
The seven listed companies in Adani Group had a combined market capitalisation (m-cap) of ₹14.44 trillion on Tuesday, against a combined net profit of ₹13,715 crore in 2021-22 (FY22), and a combined net worth of ₹94,442.5 crore at the end of FY22.
The Adani Ports and Special Economic Zone is yet to declare its results for FY22. Its net worth is at the end of September 2021 (first half of FY22), while its net profit in the sample is trailing 12 months ended December 2021.
This story is from the May 25, 2022 edition of Business Standard.
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This story is from the May 25, 2022 edition of Business Standard.
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