People are comparing the Tata group with Adani, saying that Tata's have more debt.
So why is it that Adani's are being targeted?
This is a rhetoric that is increasingly being played out.
Important for common citizens like us to understand the reality.
[A thread...]
So why is it that Adani's are being targeted?
This is a rhetoric that is increasingly being played out.
Important for common citizens like us to understand the reality.
[A thread...]
[1] Here are some numbers (debt or total borrowing) for 2 major groups in India:
Adani's Total Debt= 222,000Cr
Tata's Debt= 340,000Cr
Adani's Total Debt= 222,000Cr
Tata's Debt= 340,000Cr
[2] Debt should be seen in context of your earning (in fact profits/take-home)
For example: if you make 10Lakh/year, but your total debt is 1Cr, it might be a problem.
But, if you make 1Cr, and have a debt of 1.5Cr, maybe it is fine.
This is fairly common sensical.
For example: if you make 10Lakh/year, but your total debt is 1Cr, it might be a problem.
But, if you make 1Cr, and have a debt of 1.5Cr, maybe it is fine.
This is fairly common sensical.
[3] So let's see how much profits each of these conglomerates are making:
For Adani Group: (roughly picking 2022/2021- if 2022 numbers not available)
Adani Enterprise= 788Cr
Adani Green= 489Cr
Adani Transmission= 1236Cr
Adani Ports= 4795Cr
Adani Power= 4912Cr
For Adani Group: (roughly picking 2022/2021- if 2022 numbers not available)
Adani Enterprise= 788Cr
Adani Green= 489Cr
Adani Transmission= 1236Cr
Adani Ports= 4795Cr
Adani Power= 4912Cr
Adani Total Gas= 505Cr
Adani Wilmar= 808Cr
Ambuja cement = 3711Cr
Acc= 1863Cr
Total Profit= 19,000 Cr
TCS's profits alone last year were: 38,449Cr (forget about other listed firms they have)
Adani Wilmar= 808Cr
Ambuja cement = 3711Cr
Acc= 1863Cr
Total Profit= 19,000 Cr
TCS's profits alone last year were: 38,449Cr (forget about other listed firms they have)
Plus the stellar/clean reputation that Tata's have built over time is unmatched.
This is not a personal attack on Adani's. I deeply respect whatever they have built.
I am simply trying to bring more clarity on the topic.
This is not a personal attack on Adani's. I deeply respect whatever they have built.
I am simply trying to bring more clarity on the topic.
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