The net debt on Adani Group is about Rs 19 lakh crore, which has been planned to be repaid in 3 years and preparations are on to redeem the same among investors.
There are crores of youth in the country whose annual salary package is not Rs 10 lakh. On the other hand, Gautam Adani, who is in trouble, has made a plan to repay the loan of Rs 9 lakh every minute in 3 years. Adani Group expects to pay 23 billion dollars i.e. about 19 lakh crores in the next 3 years. The group is confident that their port to energy business will grow by more than 20 percent.
In about a month, the group has met banks, bond holders as well as investors from America to Singapore. So that the credibility that came after the report of Hindenburg Research can be increased, as well as the confidence of investors can be won. Since the report of Hindenburg Research, the market cap of Adani Group companies has suffered a loss of Rs 135 crore.
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Adani Group’s planning
PTI quoted sources as saying that Adani Group has told about the growth of the group in its meeting. The group is focusing on reducing debt rather than speeding up growth with efficiency in its energy business. The group believes that a 20 per cent increase in EBITDA of group companies will go a long way in reducing debt.
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What is the Debt-Ebitda Ratio
According to PTI sources, from 2013 to 2022, that is, in 10 years, Adani group companies have seen an annual growth of 22 percent. Now by the year 2025, with a 20 per cent increase in earnings, the debt-Ebitda ratio will come down to 3 per cent from the current 7.6 per cent. Debt/Ebitda ratio shows the ability of the company to pay back its debt. Higher the ratio means higher the debt.
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37 percent loan in bond form
According to PTI sources, the company management has assured investors that the debt ratio will come down as the revenue increases. Adani Group pre tax income is Rs 61,200 crore, while its net debt is Rs 1.89 lakh crore. The management has said that it has repaid $500 million in debt so far and will repay most of the debt in three to four years with increased earnings. 37 percent of the debt on Adani Group is in the form of bonds and 31 percent is from public sector banks. The loan of private banks is 8 percent.
