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 ₹ 128,949 Cr.
- Current Price ₹ 597
- High / Low ₹ 988 / 537
- Stock P/E
- Book Value ₹ 134
- Dividend Yield 0.84 %
- ROCE 7.16 %
- ROE 4.06 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 147%
- Debtor days have improved from 133 to 93.9 days.
Cons
- Stock is trading at 4.46 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.89%
- The company has delivered a poor sales growth of -2.92% over past five years.
- Company has a low return on equity of 7.35% over last 3 years.
- Earnings include an other income of Rs.1,965 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: Infrastructure Developers & Operators Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,885 | 2,482 | 3,361 | 4,350 | 3,909 | 4,619 | 4,879 | 6,534 | 5,336 | 4,643 | 4,377 | 4,206 | 4,611 | |
575 | 770 | 886 | 1,612 | 1,302 | 1,312 | 1,332 | 2,025 | 1,550 | 1,628 | 1,506 | 1,503 | 4,357 | |
Operating Profit | 1,310 | 1,712 | 2,476 | 2,738 | 2,607 | 3,307 | 3,547 | 4,509 | 3,787 | 3,016 | 2,871 | 2,703 | 255 |
OPM % | 69% | 69% | 74% | 63% | 67% | 72% | 73% | 69% | 71% | 65% | 66% | 64% | 6% |
120 | 40 | 198 | 682 | 738 | 1,173 | 1,285 | 1,310 | 2,218 | 3,030 | 2,985 | 1,012 | 1,965 | |
Interest | 145 | 209 | 442 | 754 | 709 | 854 | 998 | 1,519 | 1,867 | 3,460 | 2,327 | 2,494 | 2,616 |
Depreciation | 208 | 274 | 342 | 456 | 489 | 519 | 541 | 471 | 474 | 553 | 619 | 600 | 611 |
Profit before tax | 1,077 | 1,270 | 1,889 | 2,210 | 2,148 | 3,106 | 3,293 | 3,829 | 3,664 | 2,032 | 2,910 | 622 | -1,008 |
Tax % | 8% | 7% | 7% | 9% | -2% | 5% | 6% | 37% | 28% | 5% | 34% | 52% | |
Net Profit | 986 | 1,177 | 1,754 | 2,016 | 2,183 | 2,964 | 3,101 | 2,408 | 2,638 | 1,934 | 1,928 | 298 | -802 |
EPS in Rs | 4.92 | 5.88 | 8.76 | 9.74 | 10.55 | 14.31 | 14.97 | 11.63 | 12.74 | 9.52 | 9.49 | 1.41 | -3.71 |
Dividend Payout % | 18% | 17% | 11% | 10% | 10% | 8% | 9% | 17% | 2% | 34% | 53% | 355% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | -3% |
3 Years: | -8% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | -20% |
3 Years: | -29% |
TTM: | -122% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 6% |
3 Years: | 16% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
3 Years: | 7% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
403 | 403 | 403 | 417 | 417 | 414 | 414 | 672 | 680 | 670 | 679 | 704 | 422 | |
Reserves | 3,891 | 4,818 | 6,300 | 8,919 | 10,786 | 12,986 | 16,285 | 17,703 | 19,912 | 19,292 | 21,228 | 25,993 | 27,851 |
2,710 | 6,173 | 8,365 | 8,957 | 11,765 | 15,508 | 20,207 | 20,027 | 24,894 | 28,802 | 33,846 | 44,793 | 45,225 | |
1,508 | 1,785 | 3,189 | 2,614 | 2,842 | 2,221 | 2,342 | 2,689 | 2,204 | 3,312 | 3,078 | 3,462 | 4,131 | |
Total Liabilities | 8,509 | 13,177 | 18,255 | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 74,671 | 77,629 |
5,306 | 5,805 | 8,782 | 8,537 | 8,462 | 8,524 | 8,390 | 7,957 | 9,074 | 10,583 | 10,282 | 10,039 | 9,827 | |
CWIP | 1,077 | 2,447 | 1,132 | 661 | 663 | 857 | 1,458 | 1,627 | 775 | 675 | 590 | 614 | 898 |
Investments | 715 | 1,838 | 1,327 | 1,786 | 4,965 | 5,313 | 10,410 | 10,542 | 13,957 | 15,616 | 21,695 | 36,372 | 36,519 |
1,412 | 3,087 | 7,014 | 9,919 | 11,717 | 16,436 | 18,990 | 20,708 | 23,619 | 24,939 | 25,991 | 27,646 | 30,385 | |
Total Assets | 8,509 | 13,177 | 18,255 | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 74,671 | 77,629 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,259 | 1,287 | 1,370 | 1,602 | 1,990 | 1,713 | 2,313 | 2,411 | 3,214 | 3,170 | 3,042 | 3,012 | |
-484 | -3,819 | -2,446 | -2,314 | -3,556 | -2,954 | -4,181 | -550 | -2,403 | -31 | -7,967 | -8,803 | |
-914 | 2,681 | 1,417 | 250 | 1,917 | 1,498 | 1,717 | -1,926 | 2,555 | -2,581 | 3,827 | 7,308 | |
Net Cash Flow | -139 | 149 | 341 | -462 | 351 | 257 | -151 | -64 | 3,367 | 558 | -1,098 | 1,517 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 36 | 78 | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 51 | 36 | 78 | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 |
Working Capital Days | -223 | -189 | 145 | 245 | 209 | 148 | 393 | 350 | 409 | 175 | 63 | -29 |
ROCE % | 17% | 16% | 17% | 17% | 14% | 15% | 13% | 15% | 13% | 12% | 10% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jan - Newspaper Advertisement pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Jan - Acquisition of Haifa Port Company Ltd. (HPC) successfully concluded
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 31st December, 2022
- Certificate For The Quarter Ended September 30, 2022 Pursuant To The SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 Dated August 10, 2021 4 Jan
- Announcement under Regulation 30 (LODR)-Monthly Business Updates 4 Jan
Annual reports
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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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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Oct 2021Transcript PPT
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Dec 2020Transcript PPT
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Nov 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Oct 2016TranscriptPPT
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May 2016TranscriptPPT
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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]