Projected Income Statement: ADAI POWE

Forecast Balance Sheet: ADAI POWE

Fiscal Period: March 2022 2024 2025 2026 2027 2028 2029
Net Debt 1 - - - 477,440 575,060 857,301 1,040,480
Change - - - - 20.45% 49.08% 21.37%
Announcement Date 05/05/22 01/05/24 30/04/25 29/04/26 - - -
1INR in Million
Estimates

Cash Flow Forecast: ADAI POWE

Fiscal Period: March 2022 2025 2026 2027 2028 2029
CAPEX 1 - 115,590 233,501 272,200 393,905 387,135
Change - - 102.01% 16.57% 44.71% -1.72%
Free Cash Flow (FCF) 1 67,982 99,421 -28,364 -51,373 -132,776 -123,981
Change - - -128.53% -81.12% -158.46% 6.62%
Announcement Date 05/05/22 30/04/25 29/04/26 - - -
1INR in Million
Estimates

Forecast Financial Ratios: ADAI POWE

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 35.42% - - 37.91% 36.52% 37.31% 40.2% 40.82%
EBIT Margin (%) 24.17% - - 30.24% 28.1% 30.02% 31.53% 31.07%
EBT Margin (%) 23.73% - - 29.11% 28.58% 25.66% 26.63% 25.83%
Net margin (%) 17.72% - - 23.02% 23.66% 19.66% 21.52% 19.62%
FCF margin (%) 24.53% - - 17.69% -5.23% -8.2% -18.54% -14.55%
FCF / Net Income (%) 138.41% - - 76.84% -22.1% -41.7% -86.16% -74.17%

Profitability

        
ROA - - - - - - - -
ROE 30.87% - - 26.01% 21.16% 16.9% 17.08% 16.57%

Financial Health

        
Leverage (Debt/EBITDA) - - - - 2.41x 2.46x 2.98x 2.99x
Debt / Free cash flow - - - - -16.83x -11.19x -6.46x -8.39x

Capital Intensity

        
CAPEX / Current Assets (%) - - - 20.57% 43.05% 43.43% 55% 45.43%
CAPEX / EBITDA (%) - - - 54.25% 117.89% 116.39% 136.82% 111.3%
CAPEX / FCF (%) - - - 116.26% -823.22% -529.85% -296.67% -312.25%

Items per share

        
Cash flow per share 1 - - - - - 8.461 9.754 12.08
Change - - - - - - 15.28% 23.87%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 - - - 29.22 33.67 41.14 48.35 55.38
Change - - - - 15.24% 22.17% 17.54% 14.53%
EPS 1 - - 10.32 6.464 6.62 6.375 8.091 8.923
Change - - - -37.39% 2.41% -3.69% 26.9% 10.29%
Nbr of stocks (in thousands) - - 19,284,695 19,284,695 19,284,695 19,284,695 19,284,695 19,284,695
Announcement Date - - 01/05/24 30/04/25 29/04/26 - - -
1INR
Estimates
2027 *2028 *
P/E 33.5x 26.4x
PBR 5.19x 4.42x
EV / Sales 7.49x 6.95x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
CCC
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
213.66INR
Average target price
252.56INR
Spread / Average Target
+18.20%

Quarterly revenue - Rate of surprise