Business Standard

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

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


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

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

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