Adani Group, surrounded by allegations of allegedly paying bribe for a big contract, has a debt of Rs 2.41 lakh crore. International capital market (foreign bonds) and global banks have 55% stake in it. 33% stake is held by domestic financial institutions, NBFCs and public sector banks.
As of Friday, the market cap of all the 10 listed companies of Adani Group is Rs 11.94 lakh crore. This means the company has debt at 20.10% of total assets. The outstanding loans of government banks constitute 15% of the total debt.
According to the balance sheet of the companies, Adani Group has cash of Rs 59,791 crore. Accordingly, this group has net liabilities of Rs 1.81 lakh crore. The cash balance of these companies is 24.77% of the total debt. This is enough to repay the loan for 30 months. In this sense, there is no immediate risk for the banks giving loans to Adani Group.
The group took 33% loan from government banks, NBFCs.
| bank/institution/market | Part |
| International Capital Markets (Bonds) | 29% |
| Global Bank | 26% |
| Government Financial Institutions, NBFCs | 18% |
| Government Bank of India | 15% |
| Domestic Capital Markets (Bonds) | 5% |
| Indian Private Bank | 4% |
| Other | 3% |
Source: Presentation of Adani Group companies to investors after the first quarter
Total debt increased by 6.16% in one year, but net debt decreased
- Adani Group's debt increased by 6.16% to Rs 2.41 lakh crore in 2023-24.
- Last financial year, net debt (except cash balance) declined by 3.20% to Rs 1.81 lakh crore, which was earlier Rs 1.87 lakh crore.
Total outstanding of domestic banks Rs 88,100 crore The group owes Rs 88,100 crore to Indian banks and institutions. This is 36% of the total debt on this corporate group. Of this, Rs 75,877 crore is term loan, while Rs 12,233 is working capital loan. International Capital Markets has the largest share of 29% in the total debt on Adani Group companies, which has been raised through bonds. Regarding which the American regulator has shown strictness.
Graphics Source: VaskarAssets
