Adani Ports & Special Economic Zone Ltd

Adani Ports Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adani Ports & Special Economic Zone Ltd

₹ 921 4.84%
05 Dec 9:44 a.m.
adaniports.com BSE: 532921 NSE : ADANIPORTS
About

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.

Key Points

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]

Website BSE NSE
  • 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
Edit ratios

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,082 1,305 1,192 1,211 976 1,079 1,058 1,255 1,221 1,378 1,384 1,427 1,530
-98 203 381 746 332 378 938 1,642 1,399 980 391 451 848
Operating Profit 1,180 1,103 811 465 645 701 120 -387 -179 398 993 976 681
OPM % 109% 84% 68% 38% 66% 65% 11% -31% -15% 29% 72% 68% 45%
598 612 478 519 536 777 75 597 515 428 -100 450 416
Interest 564 614 661 533 630 660 671 653 632 650 744 683 619
Depreciation 156 156 153 156 148 154 149 154 155 152 152 160 165
Profit before tax 1,058 944 475 294 402 665 -625 -597 -451 23 -4 583 313
Tax % 34% 34% 32% 36% 31% 27% 4% 36% 34% 51% 5,299% 32% 37%
696 623 323 188 278 483 -602 -384 -298 11 192 394 196
EPS in Rs 3.42 3.06 1.59 0.92 1.36 2.37 -2.85 -1.82 -1.41 0.05 0.89 1.82 0.91
Raw PDF

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
10 Years: 5%
5 Years: -4%
3 Years: 4%
TTM: 24%
Compounded Profit Growth
10 Years: 8%
5 Years: 7%
3 Years: 23%
TTM: 800%
Stock Price CAGR
10 Years: 18%
5 Years: 19%
3 Years: 25%
1 Year: -2%
Return on Equity
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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
63.74% 63.74% 63.79% 63.83% 63.83% 65.55% 66.02% 64.56% 65.13% 61.03% 62.89% 65.53%
17.75% 17.90% 15.72% 15.29% 15.27% 14.26% 14.24% 14.03% 13.77% 17.99% 16.99% 13.83%
15.67% 14.83% 14.84% 15.83% 15.88% 15.32% 15.06% 15.00% 14.46% 13.02% 12.45% 13.27%
0.08% 0.07% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00%
2.76% 3.46% 5.62% 5.02% 4.99% 4.84% 4.65% 6.39% 6.62% 7.95% 7.66% 7.37%
No. of Shareholders 2,90,6244,05,9407,16,2716,16,1146,22,2376,26,7917,27,2287,33,1487,32,36010,98,59610,24,1119,44,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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