COST &

A Project Adani Enterprises LTD.

Submitted By : Under Guidance Of :

Shubhamjeet Raj (BM- 017257) Mr. Gaurav Dawar
Shubhangi Gupta (BM-017258)
Swati Kumari (BM-017277)
Sristi Srivastava (BM-017271)
Somya jash (BM-017300)
Urvashi Agarwal (BM-017287)
 COMPANY PROFILE

The Adani Group is one of India’s leading business houses with revenue of over $11 billion.

Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key
industry verticals - resources, logistics, energy and agro. The integrated model is well adapted to the infrastructure
challenges of the emerging economies.

Adani Group’s growth and vision has always been in sync with the idea of Nation Building. We live in the same
communities where we operate and take our responsibility towards contributing to the betterment of the society very
seriously. Through Adani Foundation, we ensure development and progress is sustainable and inclusive; not just for
the people living in these areas, but the environment on the whole. At Adani, we believe in delivering benefits that
transcend our immediate stakeholders.
 Chairman of Adani Enterprises

Mr. Gautam Adani is the Chairman and Founder of the Adani Group. Under his visionary stewardship, the Group
has emerged as India’s largest ports and logistics business, largest private power and transmission player, largest solar
power generation and manufacturing company, largest integrated coal management company and largest agriculture
business.

Mr. Adani’s leadership of the Group has been driven by one core principle – nation building. In line with this
philosophy, each of the Group’s businesses is focused on helping build world-class integrated infrastructure
capabilities that India needs to accelerate its growth.
 Managing Director

Mr. Rajesh Adani has been a vital part of the Adani Group since its inception. With strong leadership and
interpersonal skills, he heads the Group’s operations and has been responsible for developing its business relationships.

His proactive and personalised approach toward the business and his competitive spirit have contributed greatly to
the growth of the Group and its diverse businesses. He currently spearheads the Group’s Energy vertical.
 Board of Directors

 Vinay Prakash (Chief Executive Officer-Mining & Coal) :-

A mechanical engineering graduate, PG Diploma in Operations & Materials Management, and an MBA in
Finance, Mr. Vinay Prakash has diversified experience across power plant maintenance, port marketing,
shipping & logistics, materials management, coal mining and trading.

 Dr. Priti Adani (chair person) :-

A Bachelor in Dental Surgery (BDS), Dr Priti Adani is modestly treading a path hitherto less travelled, both
in the education as well as corporate social responsibility (CSR) space. Under the Adani Foundation banner,
she spearheads the Adani Group’s CSR and philanthropic initiatives, delivering the promise of the Group’s
‘Thinking big, doing better’ philosophy on the ground.

 Malay mahadevia (Director- HR) :-

Dr Malay Mahadevia joined Adani in 1992 and worked on developing Mundra port from conceptualization to
commissioning.
Dr Mahadevia has been awarded 'Outstanding Manager of the Year' by Ahmedabad Management Association
in the year 2002. In 2008, he was conferred PhD by Gujarat University in the field of "Coastal Ecology around
Mundra area".

 Vneet S. Jain (CEO) :-

A mechanical engineering graduate from Government Engineering College, Haryana, Mr Vneet S Jaain has
been leading power projects including all facets from conceptualization to commissioning and operation.

 Ameet H. Desai (CFO) :-

Mr. Ameet Desai has rich and diversified experience of over 27 years in the fields of Corporate Finance, Mergers &
Acquisitions, Strategy Formulation and Execution, Resource Mobilization, running Business Operations, etc. He has been
working with Adani Group for almost nine years,during which, he was the member of the Board of APSEZ and APL. In his
responsibility as CFO-Infrastructure, he successfully led IPOs for the Port and Power Company and also handled SAP
implementation, QIP of AEL, setting-up of legal function for the Infrastructure business of the group.
 SHARE HOLDING PATTERN

CATEGORY OF
Total Number of Shares Percentage ShareHolding (%)
SHAREHOLDER

Promoter

Indian Promoter 72,95,26,379 66.33

Foreign Promoter 9,44,37,100 8.59

Total Promoter 82,39,63,479 74.92

Non Promoter

Institutions

Mutual Funds / UTI 68,32,000 0.62

FI/Bank/Insurance 59,75,317 0.54

Govt. 0 0

FII 0 0

Other 21,75,06,106 19.78

Total Institutions 23,03,13,423 20.94

Non-Institution

Bodies Corporate 75,34,203 0.69

Individuals (upto Rs.

2,79,92,034 2.55
1 lakh)
Individuals (in
7,92,174 0.07
excess of Rs. 1 lakh)

NRIs/OCBs 61,39,358 0.56

Others 3,18,59,620 2.89

Total Non-
4,55,33,181 4.14
Institution
Total Non
27,58,46,604 25.08
Promoter
Depository
0 0
Receipts
Total 1,09,98,10,083 100
 BRIEF OVERVIEW OF COMPANY BUSINESS

Adani Group established in 1988 as a trading Company, the Adani Group’s foray into infrastructure building began
in 1998. In the span of two decades, the Group has emerged as India’s largest ports and logistics business, largest
private power and transmission player, largest solar power generation and manufacturing company, largest
integrated coal management company, and largest agriculture business. The Group is comprised of 4 publicly traded
companies with combined revenues of $12 billion and a CAGR of 25% over the past 5 years.

Adani Foundation is the Group’s Corporate Social Responsibility arm and has increasingly become a key area of
focus for Mr. Adani. The Adani Foundation’s healthcare programs touch the lives of over 200,000 people every
year. The sustainable livelihood programs have made over 35,000 people and their families self-reliant and the
Foundation has improved the lives of over 500,000 people across 177 villages by helping provide better roads,
drinking water, and other basic facilities. Ms. Priti Adani, the wife of Mr. Adani is the Chair Person of the Adani
Foundation.
 Competitor of Adani

 MMTC Ltd

 PTC India

 Swan Energy

 STC India

 Ind Motor Parts

 Uniphos Ent

 Control Print

 Sakuma Exports

 Sicagen India

 Kothari Petro

 High Ground Ent

 UB Holdings

 Urja Global

 Khaitan

 JIK Industries

 Surana Corp

 Farmax Ind
Employee Benefit Expenses

Name of companies 2016-17 2015-16 2014-15 2013-14

Adani Ent. LTD. 2.87 3.14 1.16 1.25
MMTC LTD. 1.67 1.60 1.04 0.74
PTC LTD. 0.20 0.20 0.15 0.13

INTERPRETATION: (Adani Ent. Ltd.)

The Employees Benefit Expenses of Adani Ent. in 2013-14 is 1.25% while in 2014-15 it
decreases to 1.16% due to increase in salaries & bonus and staff welfare expenses and
decrease in contributions to provident & other funds .
In 2014-2015 it is 1.16% while in 2015-2016 it increases to 3.14% due to increase in salaries
& bonus, contribution to provident & other funds and staff welfare expenses.
In 2015-2016 it is 3.14% while in 2016-2017 it again decreases to 2.87% due to increase in
salaries & bonus and contributions to provident & other funds and decrease in staff welfare
expenses.

Adani Ltd. Vs MMTC Ltd. Vs PTC Ltd.

In 2015-2016 Adani Ent. Ltd had 3.14%, MMTC had 1.60% and PTC Ltd had 0.20%. PTC
has lower employee benefit expenses because it had lower salary & wages and staff welfare
expenses as compared to Adani Ent. MMTC had also lower employee benefit percent
compared to Adani Ent. Although, Adani Ltd. had lower employee benefit expenses in
2016 as compared to MMTC Ltd.
In
Finance cost
Name of companies 2016-17 2015-16 2014-15 2013-14

Adani Ent. LTD. 9.21 8.69 6.21 6.45

MMTC LTD. 0.18 0.23 0.09 0.26
PTC LTD. 0.95 0.82 0.007 0.02

INTERPRETATION: (Adani Ent.)

In 2013-2014 it is 6.45% while in 2014-2015 it decreases to 6.21% due to increase in

interest and bank commission/ charges and decrease in exchange rate difference (including
premium).
In 2014-2015 it is 6.21% while in 2015-2016 it increases to 8.69% due to increase in
exchange rate difference (including premium) and decrease in interest and other borrowing
costs.
In 2015-2016 it is 8.69% while in 2016-2017 it increases to 9.21% due to increase in
interest and bank commission/ charges and decrease in exchange rate difference (including
premium).

Adani Ltd. Vs MMTC Ltd. Vs PTC Ltd.

In 2015-2016 the finance cost of Adani Ltd. is 8.69%, MMTC had 0.23% and PTC Ltd. had
0.89% . PTC Ltd. has lower interest (0.79cr ) in 2016 as compare to ADANI ltd (602.07cr).
MMTC has higher interest expenses (291.87cr) in 2016 as compare to PTC. As a result
PTC had ratio of finance cost to total revenue is lower among three.
Depreciation & Amortization
Name of companies 2016-17 2015-16 2014-15 2013-14

Adani Ent. LTD. 1.15 0.97 0.54 0.50

MMTC LTD. 0.05 0.04 0.09 0.04
PTC LTD. 0.019 0.02 0.031 0.036

INTERPRETATION: (Adani Ent.)

In 2013-2014 it is 0.50% while in 2014-2015 it increases to 0.54% due to increased by

22crore from 2013-2014 to 2014-2015.
From 2015 to 2016 it increases 0.54% to 0.97% but there is decreased in depreciation and
amortization by 2crore in 2016 it means there is overall increase in total expenses.
From 2016 to 2017 it increases 0.97% to 1.15% but there is decrease in depreciation and
amortization from 79.36 crore to 78.86 it means there is over all increase in total expenses.

Adani Ltd. Vs MMTC Ltd. Vs PTC Ltd.

In 2015-2016 Adani Ltd. had 0.97%, PTC had 0.02% while MMTC had 0.04%. Adani Ltd.
had more depreciation and amotization expenses (79.22cr) as compare to PTC Ltd. which
had 3.49cr and MMTC Ltd. which had 46.29cr.

Other Expenses
Name of companies 2016-17 2015-16 2014-15 2013-14

Adani Ent. LTD. 3.54 5.48 16.40 19.2

MMTC LTD. 0.45 0.43 0.45 0.20
PTC LTD. 0.34 0.21 0.21 0.30
INTERPRETATION: (Adani Ent.)
In 2013-2014 it is 19.2 % while in 2014-2015 it decreases to 16.40% due to increases in other
expenses from 2268.33 cr to 2449cr.
In 2014-2015 it is 16.40% while in 2015-16 it decreases to 5.48% due to decreases in operating
and other expenses from 2449cr to 1446cr.
In 2015-2016 it is 5.48% while in 2016-17 it decreases to 3.45% due to decreases in operating and
other expenses from 1446cr to 1047cr.

Adani Ltd. Vs MMTC Ltd. Vs PTC Ltd.

In 2015-2016 Adani Ltd. had 5.48%, MMTC had 0.43%, PTC had 0.21%. PTC had lower
other expenses (27cr) in 2016 as compare to Adani Ltd. which has 1444cr and MMTC
which had 8516.59cr. The lower in other expenses for PTC is due to lower in expense for
rent, insurance, repair to building, repair to machinery, bank charges, advertisement,
security and donations as compare to other two companies.