Adani Energy Solutions revenue growth forecast

Description

Adani Energy Solutions Ltd., the power transmission arm of the Adani Group, is valued at $18.5 billion at the enterprise level. A robust business growth trajectory is expected to drive a 29% compound annual growth in its pre-tax profits over the next three years, according to a report.

AESL boasts a diverse portfolio that encompasses transmission and distribution assets, along with a smart metering division.

“With an enterprise value of $18.5 billion, we consider AESL a highly appealing opportunity in the fast-growing energy markets of India,” stated Cantor Fitzgerald, a global brokerage that has initiated coverage of the company.

The brokerage believes AESL has exceptional growth potential relative to other publicly traded utility and energy companies in the US, Europe, and Asia. “We project total revenue to increase at a compound annual growth rate (CAGR) of 20% from FY24 to FY27, with adjusted EBITDA expected to grow at a CAGR of 28.8%.”

This contrasts with peers experiencing low single-digit revenue growth and mid-single-digit EBITDA growth.Read More-https://voiceofentrepreneur.life/