Whalesbook
Toh scene yeh hai ki Adani Enterprises, yani AEL, FY27 tak ₹40,000 Crore invest karne wala hai. Isme se ₹17,000 Crore sirf airports ke liye jayega. Ahmedabad airport mein naya terminal banega aur Navi Mumbai airport ka kaam bhi tezi se hoga. Plan hai ki 12 se 18 mahine mein Navi Mumbai airport full capacity par aa jaye. Iske alawa, Mumbai, Ahmedabad, Lucknow aur Jaipur airports par bhi facilities improve hongi.
Airports ka business waise bhi mast chal raha hai. FY26 mein, aeronautical revenue 26% aur non-aeronautical revenue 31% badha hai passenger traffic badhne ki wajah se.
Ab baaki paisa kahan jayega? Toh ₹10,000 Crore company apni 'New Energy' ventures mein lagayegi, khaas kar green hydrogen mein. Adani Group ka goal hai ki FY28 tak bada green hydrogen producer ban jaye.
Fir hai ₹9,000 Crore jo Polyvinyl Chloride (PVC) business ke liye hai. Isse Adani petrochemicals sector mein enter kar raha hai aur Reliance Industries ko takkar dega. Mundra, Gujarat mein 1 million tonne per annum capacity wala plant FY28 tak start ho sakta hai.
Aur ₹4,000 Crore natural resources aur mining mein invest honge. Is sab se lagbhag 80% EBITDA secure, long-term contracted businesses se aa raha hai, matlab predictable earnings.
Market bhi India mein aviation sector ko lekar kaafi bullish hai, lagbhag 11.72% CAGR grow karne ka expect hai 2026 se 2034 tak. Analysts bhi excited hain, jaise Jefferies ne 'Buy' rating di hai aur target price ₹2,600 rakha hai, matlab 18% upside potential dekh rahe hain.
Par haan, risk bhi hai bhai! Itna bada capex manage karna easy nahi hoga. Company ka debt-to-EBITDA ratio 3.9 times hai, toh leverage manage karna padega. Green hydrogen jaise complex businesses mein challenges hain aur Reliance jaise bade players se PVC mein competition bhi tight rahega. Agar kisi bhi project mein late hua ya cost badh gayi, toh thoda impact investors ke sentiment par pad sakta hai.