As Adani Group stocks rocket downward, we take a look at the implications for their pledged shares by promoters. This screener looks at Adani Group stocks’ promoter holding pledges and annual debt-equity ratio.

Adani Group has pledged 100% of their stake as promoters of Ambuja Cements. The cement & cement products company has a high forward PE ratio of 50X, which is higher than its current PE. Analysts forecast its profits falling by 20% YoY in FY23. 

The group has also pledged 25% of their stake in Adani Power. In Q3FY23, the promoters pledged an additional 14.1% of their shares in this electric utilities company. It has the second-highest annual debt-to-equity ratio of 8.9X among listed Adani group companies.

Adani Transmission has a promoters pledge ratio of 6.6%. The electric utilities company stands a risk of seeing more of its promoter holding being pledged to lenders, as it has fallen over 35% over the past week. 

Adani Green Energy is also at risk of seeing more promoter pledges due to its recent crash of 36% till January 31. This player has the highest annual debt-to-equity ratio of 43.9 among Adani group companies, and its return on capital (ROCE) is nearly half of its sector average.  

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