Two companies from the Adani Group—Adani Green and Adani Enterprises—have become some of the fastest and most reliable ways to grow money among the top 100 companies in India over the past five years. This amazing success continues even after facing big challenges, like serious allegations involving Hindenburg and bribery.
According to a study by Motilal Oswal, Adani Green is on the top as the quickest wealth creator, with prices growing at an impressive 118% each year from 2019 to 2024. Adani Enterprises and Adani Power are also in the top 10 for fast wealth growth.
In 2019, there were 2,852 smaller companies, but by 2024, only Adani Green moved into the big leagues.
Adani Green Energy is a leader in renewable energy in India, working on big solar and wind power projects. Other big wealth creators in the last five years include Dixon Technologies, Linde India, and Varun Beverages.
If you had invested Rs 10 lakh in these top 10 wealth creators back in 2019, that money would have grown to Rs 1.75 crore by 2024, with a yearly growth rate of 77%. In comparison, the Nifty 50 index only grew by 14%.
The great performance of Adani Green and other Adani companies has helped improve the overall returns in the utility sector, which is usually slow-growing. This sector is now the third-largest for wealth creation.
The report mentions that nine out of ten fastest wealth creators saw their price-to-earnings (P/E) ratio increase a lot. In fact, five of them had P/E ratios over 100, which means people are willing to pay a high price for their profits. It’s a sign that money is chasing few stocks, so it’s important to be careful.
In the study, Adani Enterprises was recognized as the best overall wealth creator. The study looked at three categories—biggest, fastest, and consistent wealth creators. When scores were tied, the annual price growth decided the winner. Adani Enterprises clearly took the top spot.
