Adani Group has surpassed Mukesh Ambani Group in terms of market valuation, becoming the second most valuable Indian listed conglomerate.
The overall market capitalization of Adani Group’s seven listed companies is Rs 19.73 trillion, whereas Ambani-owned companies have an MCap of Rs 17.82 trillion. With a market valuation of Rs 22.05 trillion, Tata Group is India’s most valuable listed conglomerate.
Despite the increased debt, investors continued to buy Adani Group firms once they developed and diversified into several businesses, resulting in future profits visibility. The Adani Group’s gross debt increased by 41% to Rs 2.2 trillion as of March 31, 2022, from Rs 1.55 trillion the previous year.
Adani Power Ltd has increased by 333 percent this year, Adani Total Gas Ltd by 98 percent, Adani Green Energy Ltd by 98 percent, Adani Transmission Ltd by 107 percent, Adani Ports and SEZ by 17 percent, and Adani Enterprises Ltd by 81 percent. Adani Wilmar Ltd went public in February at a share price of Rs 230. It has increased by 217 percent since then.
Four Adani Group companies have a market capitalization.
The Adani Group has spawned a number of successful businesses, including transmission, renewable energy, and city gas distribution. Its current areas of concentration include telecommunications, airports, data centres, solar manufacturing, highways, defence, and green companies.
According to analysts, some of the current businesses’ fundamentals have improved, while others have made announcements about joining new sectors.
Stocks of Ambani’s Reliance Group are also trading higher, with most experts predicting more gains. According to the company’s most recent annual report, the FY22 fiscal year saw record profitability and margins for RIL’s consolidated activities, with expanding scale in consumer industries complemented by recovery in oil to chemicals. Consumer operations (retail + digital) now account for 15/10% of consolidated revenues/EBIT, up from 15% in 2010.