Adani Transmission Ltd (ADANITRANS) is one of the leading private sector companies in India that operates in the power transmission and distribution sector. The company owns and operates over 17,000 circuit kilometers of transmission lines and over 12,000 megawatts of substation capacity across 18 states and one union territory in India. The company also has a presence in the renewable energy sector through its subsidiary Adani Green Energy Ltd (ADANIGREEN). Here is complete detail on Adani Transmission Share Price History from past few years.
Contents
Since it was listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in July 2015, the price of Adani Transmission shares has been all over the place. The company debuted at a price of Rs 66.15 per share on NSE and Rs 66.35 per share on BSE. Since then, the share price has witnessed many ups and downs, reaching a high of Rs 934.70 per share on May 25, 2023 and a low of Rs 66.00 per share on February 12, 2016.
The share price performance of Adani Transmission has been influenced by various factors such as the company’s financial results, expansion plans, regulatory developments, market conditions, industry trends, and investor sentiment. Some of the key events that have impacted the share price movement of Adani Transmission are:
From 2015 to 2013
- In October 2015, Adani Transmission acquired two transmission assets from Reliance Infrastructure Ltd for Rs 1,000 crore, adding 1,900 circuit kilometers of transmission lines to its portfolio.
- In November 2016, Adani Transmission reported a net loss of Rs 67.96 crore for the quarter ended September 30, 2016, due to higher finance costs and depreciation expensesâ”.
- In February 2017, Adani Transmission completed the acquisition of GMR Energy’s transmission projects for Rs 100 crore, adding another 1,280 circuit kilometers of transmission lines to its network.
- In May 2017, Adani Transmission announced a plan to raise up to Rs 5,000 crore through a qualified institutional placement (QIP) to fund its growth plans.
- In August 2017, Adani Transmission reported a net profit of Rs 122.71 crore for the quarter ended June 30, 2017, registering a growth of 42% year-on-year.
- In November 2017, Adani Transmission acquired Reliance Infrastructure’s Mumbai power distribution business for Rs 18,800 crore, marking its entry into the power distribution sector.
Year 2018
- In January 2018, Adani Transmission raised Rs 3,000 crore through a QIP at a price of Rs 255.50 per share.
- In March 2018, Adani Transmission completed the acquisition of KEC International’s transmission assets for Rs 227.5 crore, adding another 1,400 circuit kilometers of transmission lines to its portfolio.
- In May 2018, Adani Transmission reported a net profit of Rs 189.22 crore for the quarter ended March 31, 2018, registering a growth of 77% year-on-year.
- In July 2018, Adani Transmission signed an agreement with Essel Infra projects Ltd to acquire its power transmission projects for Rs 3,370 crore.
- In October 2018, Adani Transmission reported a net profit of Rs 178.39 crore for the quarter that ended September 30, 2018, registering a growth.
- In December 2018, Adani Transmission reported a net profit of Rs 189.97 crore for the quarter ended December 31, 2018, registering a growth of 77% year-on-year.
Year 2019
- In March 2019, Adani Transmission announced a plan to raise up to Rs 3,000 crore through a rights issue to reduce its debt and fund its expansion plans.
- In May 2019, Adani Transmission reported a net profit of Rs 204.31 crore for the quarter ended March 31, 2019, registering a growth of 8% year-on-year.
- In August 2019, Adani Transmission reported a net profit of Rs 213.42 crore for the quarter ended June 30, 2019, registering a growth of 26% year-on-year.
- In November 2019, Adani Transmission reported a net profit of Rs 230.81 crore for the quarter ended September 30, 2019, registering a growth of 22% year-on-year.
- In February 2020, Adani Transmission reported a net profit of Rs 204.69 crore for the quarter ended December 31, 2019, registering a decline of 7% year-on-year.
- In May 2020, Adani Transmission reported a net profit of Rs 94.41 crore for the quarter ended March 31, 2020, registering a decline of 54% year-on-year due to the impact of the COVID-19 pandemic on its operations and revenues.
- In August 2020, Adani Transmission reported a net profit of Rs 355.40 crore for the quarter ended June 30, 2020, registering a growth of
Here is year wise growth of Adani Transmission Share Price:
| Year | Price (Rs) | Growth (%) |
|---|---|---|
| 2015 | 66.15 | – |
| 2016 | 66.00 | -0.23% |
| 2017 | 197.00 | 198.48% |
| 2018 | 223.00 | 13.20% |
| 2019 | 332.00 | 48.88% |
| 2020 | 417.00 | 25.60% |
| 2021 | 1,500.00 | 259.71% |
| 2022 | 2,500.00 | 66.67% |
| 2023 | 811.95 | -67.52% |
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| Date | Price (Rs) | Open (Rs) | High (Rs) | Low (Rs) | Volume | Chg% |
|---|---|---|---|---|---|---|
| Jun 23, 23 | 759.85 | 790.85 | 790.85 | 757 | – | – |
| Jun 22, 23 | 805.30 | 810.30 | 810.3 | 805.30 | – | – |
| Jun 21, 23 | 806.3 | 808.85 | 805.3 | 805.30 | – | – |
| Jun 20, 23 | 811.95 | 815.35 | 817.40 | 805.15 | 574.11K | 0.66% |
| Jun 19, 23 | 806.60 | 819.00 | 827.00 | 801.00 | 1.44M | -0.53% |
| Jun 16, 23 | 810.90 | 818.00 | 834.90 | 795.65 | 6.36M | -0.47% |
| Jun 15, 23 | 814.70 | 814.95 | 840.00 | 805.65 | 1.55M | 0.76% |
| Jun 14, 23 | 808.55 | 825.85 | 828.50 | 806.00 | 748.75K | -1.76% |
| Jun 13, 23 | 823.00 | 835.00 | 835.05 | 820.20 | 511.12K | -0.89% |
| Jun 12, 23 | 830.40 | 841.00 | 842.00 | 828.05 | 712.44K | -0.04% |
Explanation
The table shows the year wise growth of Adani Transmission share price from 2015 to 2023. Adani Transmission Share Price has increased significantly from Rs 66.15 in 2015 to Rs 2,500.00 in 2022, registering a compound annual growth rate (CAGR) of 86.67%. The share price has also outperformed the Nifty 50 index, which has grown at a CAGR of 14.28% in the same period.
Contribution
The share price growth of Adani Transmission can be attributed to various factors such as its strong financial performance, its aggressive expansion strategy, its entry into new segments such as power distribution and renewable energy, its favorable regulatory environment, and its positive market sentiment. The company has also benefited from the increasing demand for power transmission and distribution services in India, which is expected to grow at a CAGR of 8.8% from 2020 to 2025.
COVID-19 pandemic
However, the share price has also faced some challenges and volatility due to factors such as the COVID-19 pandemic, which affected its operations and revenues in 2020 and 2021, the high debt level of the company, which stood at Rs 25,000 crore as of March 31, 2021, the competition from other players in the sector such as Power Grid Corporation of India Ltd (POWERGRID), Sterlite Power Transmission Ltd (STPL), and Tata Power Company Ltd (TATA POWER), and the regulatory uncertainties and risks associated with the power sector in India.
The share price has declined sharply from Rs 2,500.00 in 2022 to Rs 811.95 in 2023, registering a negative growth of -67.52%. This can be explain by the recent controversies and allegations surrounding the Adani Group, which have raised doubts about the corporate governance and transparency of the group companies. The share price has also been affect by the market correction and profit booking by investors after the steep rally in the previous years.
The future outlook of Adani Transmission’s share price depends on various factors such as its ability to maintain its growth momentum, its ability to reduce its debt level and improve its profitability, its ability to diversify its revenue streams and enter new markets, its ability to cope with the changing regulatory and competitive landscape, and its ability to restore investor confidence and trust.
Adani Transmission current share price is Rs 757.50 as of June 23, 2023, down by 5.83% from its previous close of Rs 804.40. The share price has fallen by 67.52% from its 52-week high of Rs 2,500.00 achieved on May 25, 2023. The share price has also underperformed the Nifty 50 index, which has gained 0.33% on June 23, 2023. Share price has been affected by the recent controversies and allegations surrounding the Adani Group, which have raised doubts about the corporate governance and transparency of the group companies.