Adani Ports & Special Economic Zone Ltd
Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.
- Market Cap ₹ 2,73,599 Cr.
- Current Price ₹ 1,267
- High / Low ₹ 1,621 / 994
- Stock P/E 111
- Book Value ₹ 141
- Dividend Yield 0.47 %
- ROCE 8.07 %
- ROE 8.24 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 8.99 times its book value
- Company has a low return on equity of 9.18% over last 3 years.
- Earnings include an other income of Rs.2,408 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Marine Port & Services Industry: Miscellaneous
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,350 | 3,909 | 4,619 | 4,879 | 6,534 | 5,336 | 4,643 | 4,377 | 4,206 | 5,237 | 6,807 | 8,005 | |
1,612 | 1,302 | 1,312 | 1,332 | 2,025 | 1,550 | 1,628 | 1,506 | 1,653 | 1,966 | 2,382 | 3,249 | |
Operating Profit | 2,738 | 2,607 | 3,307 | 3,547 | 4,509 | 3,787 | 3,016 | 2,871 | 2,553 | 3,271 | 4,425 | 4,756 |
OPM % | 63% | 67% | 72% | 73% | 69% | 71% | 65% | 66% | 61% | 62% | 65% | 59% |
682 | 738 | 1,173 | 1,285 | 1,310 | 2,218 | 3,030 | 2,985 | 1,012 | -1,006 | 1,526 | 2,408 | |
Interest | 754 | 709 | 854 | 998 | 1,519 | 1,867 | 3,460 | 2,327 | 2,494 | 2,680 | 2,763 | 2,944 |
Depreciation | 456 | 489 | 519 | 541 | 471 | 474 | 553 | 619 | 600 | 613 | 656 | 661 |
Profit before tax | 2,210 | 2,148 | 3,106 | 3,293 | 3,829 | 3,664 | 2,032 | 2,910 | 472 | -1,028 | 2,532 | 3,560 |
Tax % | 9% | -2% | 5% | 6% | 37% | 28% | 5% | 34% | 69% | -53% | 31% | 31% |
2,016 | 2,183 | 2,964 | 3,101 | 2,408 | 2,638 | 1,934 | 1,928 | 148 | -479 | 1,738 | 2,457 | |
EPS in Rs | 9.74 | 10.55 | 14.31 | 14.97 | 11.63 | 12.74 | 9.52 | 9.49 | 0.70 | -2.22 | 8.05 | 11.37 |
Dividend Payout % | 10% | 10% | 8% | 9% | 17% | 2% | 34% | 53% | 716% | -225% | 75% | 62% |
Compounded Sales Growth | |
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10 Years: | 7% |
5 Years: | 12% |
3 Years: | 24% |
TTM: | 18% |
Compounded Profit Growth | |
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10 Years: | 1% |
5 Years: | 5% |
3 Years: | 60% |
TTM: | 20% |
Stock Price CAGR | |
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10 Years: | 14% |
5 Years: | 34% |
3 Years: | 14% |
1 Year: | -5% |
Return on Equity | |
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10 Years: | 11% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 414 | 414 | 414 | 414 | 414 | 414 | 406 | 406 | 422 | 432 | 432 | 432 |
Reserves | 8,919 | 10,786 | 13,152 | 16,451 | 17,703 | 19,912 | 19,292 | 21,228 | 29,422 | 28,104 | 28,756 | 30,005 |
8,960 | 11,768 | 15,508 | 20,207 | 20,285 | 25,160 | 29,066 | 34,118 | 45,075 | 47,818 | 49,973 | 51,580 | |
2,612 | 2,839 | 2,055 | 2,176 | 2,431 | 1,938 | 3,048 | 2,806 | 3,330 | 3,372 | 3,594 | 4,443 | |
Total Liabilities | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 82,755 | 86,459 |
8,537 | 8,462 | 8,524 | 8,390 | 7,957 | 9,074 | 10,583 | 10,282 | 10,039 | 10,190 | 10,041 | 11,459 | |
CWIP | 661 | 663 | 857 | 1,458 | 1,627 | 775 | 675 | 590 | 614 | 638 | 810 | 836 |
Investments | 1,786 | 4,965 | 5,313 | 10,410 | 10,542 | 13,957 | 15,616 | 21,695 | 33,748 | 45,973 | 46,125 | 52,398 |
9,919 | 11,717 | 16,436 | 18,990 | 20,708 | 23,619 | 24,939 | 25,991 | 33,849 | 22,926 | 25,780 | 21,767 | |
Total Assets | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 82,755 | 86,459 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,602 | 1,990 | 1,713 | 2,313 | 2,411 | 3,214 | 3,170 | 3,042 | 3,012 | 2,714 | 3,743 | 5,471 | |
-2,314 | -3,556 | -2,954 | -4,181 | -550 | -2,403 | -31 | -7,967 | -8,803 | -4,025 | -1,994 | -2,533 | |
250 | 1,917 | 1,498 | 1,717 | -1,926 | 2,555 | -2,581 | 3,827 | 7,308 | -3,452 | -1,468 | -2,820 | |
Net Cash Flow | -462 | 351 | 257 | -151 | -64 | 3,367 | 558 | -1,098 | 1,517 | -4,763 | 281 | 118 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Debtor Days | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 71 | 67 | 59 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 71 | 67 | 59 |
Working Capital Days | 245 | 209 | 148 | 393 | 350 | 409 | 175 | 63 | 486 | 51 | 34 | -28 |
ROCE % | 17% | 14% | 15% | 13% | 15% | 13% | 12% | 10% | 7% | 7% | 7% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
2h - April 2025 cargo volume up 4% YoY; container volume +21%, rail volume +17% YoY.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22h - Audio recording link of Q4 and FY25 earnings call released by Adani Ports.
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Appointment Of Secretarial Auditor Of The Company.
1d - Approved FY25 audited results; Rs.7/share dividend recommended; director re-appointed; AGM set for June 24, 2025.
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Change In Internal Auditor Of The Company.
1d - Audited FY25 results with Rs. 7/share dividend and director re-appointment announced.
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Announcement under Regulation 30 (LODR)-Change in Management Control
1d - Audited FY25 results: Net profit Rs. 11,061 Cr; Dividend Rs. 7/share; Director re-appointment; AGM on June 24, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptNotesPPT
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Oct 2021Transcript PPT
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Dec 2020Transcript PPT
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Nov 2019TranscriptPPT
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May 2019TranscriptPPT
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Mar 2019TranscriptNotesPPT
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Oct 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Business Verticals
The Co.’s business verticals include a comprehensive network of ports & terminals (82% of total revenue), Logistics (8%), SEZ & Ports (6%) and Operations and Maintenance (4%). [1] The integrated service offered by the company has enabled it to forge an alliance with leading business and has evolved to be the market leader of the Indian port Industry. [2]