Brokerage agency Cantor has initiated an “obese” ranking on the corporate with a goal worth of Rs 2,251, which suggests an upside potential of 129% in FY2026.
Cantor predicts that from fiscal 2024 to fiscal 2027, the corporate’s income will develop at a compound annual progress fee of 20%, and adjusted EBITDA will develop at a compound annual progress fee of 28.8%.
The brokerage makes use of relative valuations to worth Adani Vitality, with friends buying and selling at a median CY25/FY26E EV/EBITDA a number of of 10.9x, whereas the corporate trades at 12.8x.
On a growth-adjusted foundation, Cantor arrived at a goal worth of Rs 2,251 primarily based on a FY26 EV/EBITDA a number of of 26.5x.
“The transmission enterprise will see sturdy progress because it completes its 9 lately awarded initiatives over the following 18-24 months. Because the transmission enterprise continues to develop its regulated property, the distribution enterprise ought to be capable to develop at or close to double digits. progress. In the meantime, working revenue grew 47% to Rs 5,379 crore, Cantor famous.
Following its latest funding spherical, Adani Vitality is now well-funded to drive progress in all main areas.
“Finally, we imagine the inventory is engaging at present ranges. On a growth-adjusted foundation, the inventory is at the moment buying and selling at a 60% low cost to friends, and we imagine it ought to commerce according to that,” it stated .
