Adani Group firms valuation grows 88% in 6 months

Adani Group Companies made the maximum gain in terms of value between October 30, 2021 and April 30, 2022, as per the Burgundy Private Hurun India 500 report.

During the review period, Adani Group companies surpassed all others by a huge margin. The group companies increased their value by 88.1 per cent in the review period against an increase of just 2 per cent by the top 500 companies.

The nine companies in the Adani Group have a combined value of Rs 17.6 lakh crore and constitute 7.6 per cent of the total value of 500 top companies.

By absolute value, the biggest gainers were Adani Green Energy and Adani Total Gas. In just six months Adani Green moved up the ranking -from 16th to the 6th spot. Adani Green gained 139 per cent or Rs 2,62,238 crore and reached a value of Rs 4,50,874 crore. Adani Power reported a growth of 157.8 per cent or Rs 66,185 crore, while Adani Wilmar grew by 189.8 per cent or Rs 66,427 crore during the period.

The total value of the top 500 companies in India increased by 2 per cent from Rs 221 lakh crore to Rs 232 lakh crore during the period. With a value of Rs 18.9 lakh crore, Reliance Industries is India's most valuable company, followed by Tata Consultancy Services with Rs 12.9 lakh crore and HDFC Bank with Rs 7.7 lakh crore.

During the six month period, the value of Reliance Industries increased by 13.4 per cent or Rs 2.2 lakh crore, while the total value of TCS declined marginally by 0.9 per cent and HDFC Bank declined by 15.2 per cent.

Total value of 219 companies declined during the review period. Ten companies remained flat and 36 dropped out from the list. Nine companies grew by more than 100 per cent—Vedant Fashions by 313.9 per cent, Adani Wilmar 189 per cent and BillDesk 172.9 per cent.

"Despite two major events like the Russia-Ukraine war and the interest rate hike by the US Federal Reserve, companies in the Burgundy Private Hurun India 500 Special Report gained 2 per cent during the six months. Nasdaq declined 16 per cent during the review period, while Hang Seng dropped by 19 per cent. Sensex reported only a 4 per cent decline. Indian companies have weathered the storm and performed better than their global peers," said Anas Rahman Junaid, managing director and chief researcher, Hurun India.