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 ₹ 1,98,981 Cr.
- Current Price ₹ 921
- High / Low ₹ 925 / 395
- Stock P/E 85.3
- Book Value ₹ 131
- Dividend Yield 0.56 %
- ROCE 7.46 %
- ROE 12.2 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 181%
- Promoter holding has increased by 2.64% over last quarter.
- Company's working capital requirements have reduced from 200 days to 50.9 days
Cons
- Stock is trading at 6.73 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.33% over past five years.
- Company has a low return on equity of 8.05% over last 3 years.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,482 | 3,361 | 4,350 | 3,909 | 4,619 | 4,879 | 6,534 | 5,336 | 4,643 | 4,377 | 4,206 | 5,237 | 5,718 | |
770 | 886 | 1,612 | 1,302 | 1,312 | 1,332 | 2,025 | 1,550 | 1,628 | 1,506 | 1,653 | 1,966 | 2,671 | |
Operating Profit | 1,712 | 2,476 | 2,738 | 2,607 | 3,307 | 3,547 | 4,509 | 3,787 | 3,016 | 2,871 | 2,553 | 3,271 | 3,048 |
OPM % | 69% | 74% | 63% | 67% | 72% | 73% | 69% | 71% | 65% | 66% | 61% | 62% | 53% |
40 | 198 | 682 | 738 | 1,173 | 1,285 | 1,310 | 2,218 | 3,030 | 2,985 | 1,012 | -1,006 | 1,195 | |
Interest | 209 | 442 | 754 | 709 | 854 | 998 | 1,519 | 1,867 | 3,460 | 2,327 | 2,494 | 2,680 | 2,697 |
Depreciation | 274 | 342 | 456 | 489 | 519 | 541 | 471 | 474 | 553 | 619 | 600 | 613 | 630 |
Profit before tax | 1,270 | 1,889 | 2,210 | 2,148 | 3,106 | 3,293 | 3,829 | 3,664 | 2,032 | 2,910 | 472 | -1,028 | 915 |
Tax % | 7% | 7% | 9% | -2% | 5% | 6% | 37% | 28% | 5% | 34% | 69% | 53% | |
1,177 | 1,754 | 2,016 | 2,183 | 2,964 | 3,101 | 2,408 | 2,638 | 1,934 | 1,928 | 148 | -479 | 793 | |
EPS in Rs | 5.88 | 8.76 | 9.74 | 10.55 | 14.31 | 14.97 | 11.63 | 12.74 | 9.52 | 9.49 | 0.70 | -2.22 | 3.67 |
Dividend Payout % | 17% | 11% | 10% | 10% | 8% | 9% | 17% | 2% | 34% | 53% | 716% | -225% |
Compounded Sales Growth | |
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10 Years: | 5% |
5 Years: | -4% |
3 Years: | 4% |
TTM: | 24% |
Compounded Profit Growth | |
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10 Years: | 8% |
5 Years: | 7% |
3 Years: | 23% |
TTM: | 800% |
Stock Price CAGR | |
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10 Years: | 18% |
5 Years: | 19% |
3 Years: | 25% |
1 Year: | -2% |
Return on Equity | |
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10 Years: | 13% |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 401 | 401 | 414 | 414 | 414 | 414 | 414 | 414 | 406 | 406 | 422 | 432 | 432 |
Reserves | 4,818 | 6,300 | 8,919 | 10,786 | 13,152 | 16,451 | 17,703 | 19,912 | 19,292 | 21,228 | 29,422 | 28,104 | 27,782 |
Preference Capital | 3 | 3 | 3 | 3 | 0 | 0 | 258 | 266 | 264 | 272 | 282 | 292 | |
6,173 | 8,365 | 8,957 | 11,765 | 15,508 | 20,207 | 20,027 | 24,894 | 28,802 | 33,846 | 44,793 | 47,525 | 47,069 | |
1,785 | 3,189 | 2,614 | 2,842 | 2,055 | 2,176 | 2,689 | 2,204 | 3,312 | 3,078 | 3,612 | 3,664 | 3,291 | |
Total Liabilities | 13,177 | 18,255 | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 78,574 |
5,805 | 8,782 | 8,537 | 8,462 | 8,524 | 8,390 | 7,957 | 9,074 | 10,583 | 10,282 | 10,039 | 10,190 | 10,262 | |
CWIP | 2,447 | 1,132 | 661 | 663 | 857 | 1,458 | 1,627 | 775 | 675 | 590 | 614 | 638 | 662 |
Investments | 1,838 | 1,327 | 1,786 | 4,965 | 5,313 | 10,410 | 10,542 | 13,957 | 15,616 | 21,695 | 33,748 | 45,973 | 45,233 |
3,087 | 7,014 | 9,919 | 11,717 | 16,436 | 18,990 | 20,708 | 23,619 | 24,939 | 25,991 | 33,849 | 22,926 | 22,417 | |
Total Assets | 13,177 | 18,255 | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 78,574 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,287 | 1,370 | 1,602 | 1,990 | 1,713 | 2,313 | 2,411 | 3,214 | 3,170 | 3,042 | 3,012 | 2,714 | |
-3,819 | -2,446 | -2,314 | -3,556 | -2,954 | -4,181 | -550 | -2,403 | -31 | -7,967 | -8,803 | -4,025 | |
2,681 | 1,417 | 250 | 1,917 | 1,498 | 1,717 | -1,926 | 2,555 | -2,581 | 3,827 | 7,308 | -3,452 | |
Net Cash Flow | 149 | 341 | -462 | 351 | 257 | -151 | -64 | 3,367 | 558 | -1,098 | 1,517 | -4,763 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 78 | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 89 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 36 | 78 | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 89 |
Working Capital Days | -189 | 145 | 245 | 209 | 148 | 393 | 350 | 409 | 175 | 63 | 486 | 51 |
ROCE % | 16% | 17% | 17% | 14% | 15% | 13% | 15% | 13% | 12% | 10% | 7% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18h - Media Release regarding "APSEZ records 42% YoY growth in Nov''23 cargo volumes and AICTPL becomes the first terminal in India to handle over 3,00,000 containers …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Transcript of Earnings call pertaining to the Unaudited Financial Results for the quarter and half year ended 30th September, 2023.
- Audio Recording Of Analysts/Investors Call Pertaining To The Unaudited Financial Results Of The Company. 9 Nov
- Outcome Of Board Meeting Held On 9Th November, 2023. 9 Nov
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Announcement under Regulation 30 (LODR)-Change in Directorate
9 Nov - Appointment of Mr. Rajkumar Beniwal, IAS, Vice Chairman and Chief Executive Officer, Gujarat Maritime Board (DIN: 07195658)as an additional director (Non-Executive, Non Independent) of the …
Annual reports
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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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Financial Year 2011
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Concalls
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 2021Transcript PPT
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Sep 2021Transcript PPT
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Jul 2021Transcript PPT
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Dec 2020Transcript PPT
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May 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019Transcript PPT
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May 2019TranscriptPPT
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Mar 2019TranscriptNotesPPT
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Feb 2019Transcript PPT
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Oct 2018TranscriptPPT
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Aug 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Mar 2017TranscriptPPT
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Oct 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
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]