Adani Energy Solutions Ltd (AESL), the power transmission arm of Adani Group, has an enterprise value of $18.5 billion. According to a report, the company's profit before tax is expected to grow 29 per cent annually over the next three years due to strong business growth.
AESL has a diversified portfolio comprising smart metering business besides transmission and distribution assets.
“AESL has an enterprise value of $18.5 billion. We believe AESL is a very attractive way to invest in the fast-growing energy markets in India,” global brokerage firm Cantor Fitzgerald said in a report.
The company believes that AESL offers growth unlike any other publicly traded utility/energy company in the US, Europe or Asia. “We estimate that the company's total revenue will grow at an average rate of 20 per cent per annum from the previous fiscal (2023-24) to fiscal (2026-27) and adjusted earnings before interest, tax, depreciation and amortization (EBITDA) will grow at an average rate of 28.8 per cent per annum.”
In comparison, other peers are growing revenues in the low single digits and EBITDA in the mid single digits.
According to the report, AESL is growing much faster than its competitors and they believe AESL is a more diversified business.
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