Adani Power is 6th group company to enter 1 Trillion club

Adani Power enters 1 Trillion club

by 5paisa Research Team Last Updated: Apr 29, 2022, 07:25 PM IST

Adani Power, the thermal power generator of the Ahmedabad based Adani group, has become the sixth company in the group to cross the Rs.1 trillion (100,000 crore) market capitalization benchmark. This landmark was hit by Adani Power after the stock spiked by 5% on Monday to touch a high of Rs.272, amidst a market where the stocks were falling like nine pins across the board. The stock of Adani Power is up 170% since start of Jan-22.

Adani Power, incidentally, is the largest private thermal power producer in India with installed capacity of 12,450 MW. Only NTPC (a public sector player) has a higher capacity than Adani Power, although it is substantially larger at 69,000 MW.

Adani Power has thermal power plants located in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh apart from a 40 MW solar power project in Gujarat. Thermal power plants are coal based plants, which still account for a chunk of power generation in India.
 

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It is not just Adani Power that has risen sharply. If  you look from the lows of March 2020, the entire Adani group market is up multi-fold. That has pushed the Adani Group to become the third largest group in India in terms of market capitalization after the Tata group and Reliance Industries. The table below captures the market cap of the major stocks in the Adani group as of 26th April.
 

Adani Stock

Market Price

Market Cap

Free Float MCAP

Sector

Adani Green Power Ltd

Rs.2,896.50

Rs.453,017 crore

Rs.99,664 crore

Sustainable Energy

Adani Transmission Ltd

Rs.2,697.45

Rs.296,327 crore

Rs.74,082 crore

Power Transmission

Adani Total Gas Ltd

Rs.2,523.00

Rs.277,482 crore

Rs.69,371 crore

LPG/CNG/PNG supplier

Adani Enterprises Ltd

Rs.2,353.40

Rs.258,829 crore

Rs.64,707 crore

Trading / Incubating

Adani Ports and SEZ Ltd

Rs.889.80

Rs.187,959 crore

Rs.67,665 crore

Ports, Port Services

Adani Power Ltd

Rs.285.75

Rs.110,212 crore

Rs.20,940 crore

Thermal Power

Adani Wilmar Ltd

Rs.802.80

Rs.104,338 crore

Rs.9,390 crore

Edible Oil / FMCG

 

Data Source: BSE

While Adani Power entered the Rs.1 trillion club on Monday 25th April, Adani Wilmar (which just came out with its IPO) has also crossed the Rs.1 trillion market cap landmark on Tuesday 26th April.

As we write, the total market cap of the Adani group listed entities has touched a new high of Rs.16.88 trillion or approximately $221 billion. Not surprisingly, Gautam Adani has just crossed Warren Buffett in terms of personal wealth.
 

Check - Adani Power Share Price


The next big event for Adani Power could be if it is included in the MSCI India Index and it is almost meeting all the criteria to be included. Such an inclusion could bring in a lot more of international recognition for the business group and a lot more of interest from passive funds in the stock of Adani Power.

The MSCI index review announcement is expected to happen on May 13th and the re-balancing could be from May 31st. As of 26th April, all the seven listed stocks in the Adani group have officially crossed the landmark Rs.1 trillion market cap mark.

Also read: How ICICI Bank is closing the valuation gap with HDFC Bank

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