Business Standard

Adani Group companies' sky-high valuations unfazed by market correction

Group's stocks trading at a P/E of 105.3x

Adani
Premium

Adani Group companies reported a combined return-on-equity (RoE) or networth of 14.5 per cent in FY22.

Krishna Kant Mumbai
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 Rs 14.44 trillion on Tuesday, against a combined net profit of Rs 13,715 crore in 2021-22 (FY22), and combined networth of Rs 94,442.5 crore at the end of FY22.

The Adani Ports and Special Economic Zone is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 25 2022 | 1:32 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com