North India Statesman
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The debt of the Adani Group, led by the country's leading industrialist Gautam Adani, has increased significantly. The gross debt increased to Rs 2.41 lakh crore in the year ending March 31, 2024.
This figure was Rs 2.27 lakh crore in the financial year 2022-23. Of course, there has been a slight reduction in the net debt of the group. Which has come down to Rs 1.82 lakh crore in the financial year 2023-24. This figure was Rs 1.87 lakh crore in the last financial year.
Adani Group's net debt to EBITDA ratio improved, which is an important measure for the company to reduce debt. Which has come down to 2.19t in FY 2023-24.
Other financial institutions, including banks and local lenders, have collectively provided an amount of Rs 88,100 crore to the Adani Group as long-term and working capital loans till FY 2023-24. This figure also includes long-term debt of Rs 75,877 crore and working capital of Rs 12,223 crore. These home loans are a large part of the group's total debt. This includes both long-term and working capital loan amounts. The company's long-term debt accounted for 92 per cent of the gross debt. That is, the company has a total debt of Rs 2.41 lakh. In which the long-term debt amount is Rs 2.22 lakh crore. While the remaining eight per cent or Rs 19,819 crore is working capital loan.
The share of loans taken from Indian banks and financial institutions in the total amount borrowed by Adani Group is 36 percent. While five percent is of loans taken from domestic capital market. Apart from this, international funding also plays an important role in this financing. 29 percent of the total loan is of loans taken from global capital markets. Also, 26 percent of the total loan is of loans taken from foreign banks.
