Adani Group Debt Analysis | Fundamental Analysis | CA Rachana Ranade
CA Rachana Phadke RanadeSeptember 10, 202200:11:52

Adani Group Debt Analysis | Fundamental Analysis | CA Rachana Ranade

🔴Update: After we shot the video, CreditSight came up with another report wherein they acknowledged their mistake about Adani Group Debt calculation. A link of the same is given below:
https://economictimes.indiatimes.com/industry/banking/finance/creditsights-acknowledges-calculation-errors-in-its-analysis-of-adani-groups-debt/articleshow/94079008.cms

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad.
The Group's diverse businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.

Lately, this group has been under huge discussion about over leverage balance sheets. Latest research report from CreditSight has been a center of attraction in the investor community.
In this video we have tried to throw some light on Who is CreditSights?, What is their view on any of the group companies?, What does the debt composition of Adani Group looks like? And Does the Group have the capacity to repay the debt?

To know the answers to all the questions, stay tuned till the end of the video.
Reference links used:
1. Links to Annual Report
Adani Enterprises Limited: AEL-04-07-22_F.pdf (adanienterprises.com)

Adani Ports and Special Economic Zone: FY22.pdf (adaniports.com)

Adani Power Limited: FY22.pdf (adanipower.com)

Adani Total Gas Limited: FY22.pdf (adanigas.com)

Adani Green Energy Limited: FY22.pdf (adanigreenenergy.com)

Adani Transmission: Adani-Tansmission-high.pdf (adanitransmission.com)

2. About CreditSight: https://know.creditsights.com/about/

3. What is Market Perform: https://www.investopedia.com/terms/m/marketperform.asp#:~:text=Market%20perform%20is%20a%20sell,issued%20by%20other%20equity%20analysts

4. View of Fitch on Adani group companies: https://www.fortuneindia.com/enterprise/fitch-upgrades-outlook-on-4-adani-group-cos-affirms-ratings/108615

5. Economic Times Article of Adani group debt: https://economictimes.indiatimes.com/news/company/corporate-trends/adani-group-reaches-out-to-creditsights-on-debt-concerns/articleshow/93991765.cms

6. Business Standard Article:
https://www.business-standard.com/article/companies/adani-group-cites-reduced-debt-load-to-rebut-overleveraged-view-122090500768_1.html

What is covered?
00:00 - Start
00:12 - Introduction
02:26 - Who is CreditSights?
03:25 - What is their view on any of the group companies?
05:16 - What does the debt composition look like?
07:55 - Does the Group have the capacity to repay the debt?
11:07 - Conclusion

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