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 ₹ 2,92,742 Cr.
- Current Price ₹ 1,355
- High / Low ₹ 1,621 / 754
- Stock P/E 29.4
- Book Value ₹ 244
- Dividend Yield 0.44 %
- ROCE 12.9 %
- ROE 18.1 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 19.3%
- Company's median sales growth is 18.7% of last 10 years
- Company's working capital requirements have reduced from 26.3 days to 19.2 days
Cons
- Stock is trading at 5.55 times its book value
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,577 | 4,830 | 6,152 | 7,109 | 8,439 | 11,323 | 10,925 | 11,873 | 12,550 | 17,119 | 20,852 | 26,711 | 28,023 | |
1,195 | 1,910 | 2,250 | 2,532 | 3,021 | 4,166 | 4,330 | 5,926 | 3,862 | 7,591 | 9,905 | 11,121 | 11,429 | |
Operating Profit | 2,382 | 2,919 | 3,902 | 4,577 | 5,418 | 7,157 | 6,596 | 5,947 | 8,688 | 9,528 | 10,947 | 15,589 | 16,594 |
OPM % | 67% | 60% | 63% | 64% | 64% | 63% | 60% | 50% | 69% | 56% | 52% | 58% | 59% |
344 | 685 | 686 | 730 | 1,037 | 844 | 1,289 | 1,928 | 1,967 | 1,832 | 327 | 671 | 682 | |
Interest | 542 | 977 | 1,175 | 1,124 | 1,116 | 1,579 | 1,385 | 1,951 | 2,255 | 2,544 | 2,363 | 2,733 | 2,584 |
Depreciation | 422 | 649 | 912 | 1,063 | 1,160 | 1,188 | 1,373 | 1,680 | 2,107 | 3,099 | 3,425 | 3,888 | 3,951 |
Profit before tax | 1,762 | 1,978 | 2,501 | 3,119 | 4,179 | 5,234 | 5,126 | 4,244 | 6,292 | 5,717 | 5,487 | 9,639 | 10,740 |
Tax % | 7% | 12% | 7% | 9% | 7% | 30% | 21% | 11% | 20% | 13% | 2% | 16% | |
1,639 | 1,741 | 2,324 | 2,856 | 3,902 | 3,690 | 4,045 | 3,785 | 5,049 | 4,953 | 5,391 | 8,104 | 9,092 | |
EPS in Rs | 8.10 | 8.40 | 11.18 | 13.99 | 18.89 | 17.74 | 19.27 | 18.52 | 24.58 | 23.13 | 24.58 | 37.55 | 42.16 |
Dividend Payout % | 12% | 12% | 10% | 8% | 7% | 11% | 1% | 17% | 20% | 22% | 20% | 16% |
Compounded Sales Growth | |
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10 Years: | 19% |
5 Years: | 20% |
3 Years: | 29% |
TTM: | 27% |
Compounded Profit Growth | |
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10 Years: | 18% |
5 Years: | 17% |
3 Years: | 21% |
TTM: | 35% |
Stock Price CAGR | |
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10 Years: | 18% |
5 Years: | 28% |
3 Years: | 22% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 401 | 414 | 414 | 414 | 414 | 414 | 414 | 406 | 406 | 422 | 432 | 432 |
Reserves | 5,993 | 8,351 | 10,351 | 13,091 | 17,112 | 20,489 | 23,958 | 25,051 | 30,035 | 41,399 | 44,957 | 52,346 |
11,620 | 12,979 | 17,776 | 22,342 | 22,214 | 22,370 | 27,712 | 30,242 | 35,855 | 47,935 | 53,434 | 49,470 | |
3,022 | 2,933 | 3,541 | 2,538 | 3,629 | 3,960 | 4,228 | 6,217 | 8,285 | 8,572 | 13,740 | 14,751 | |
Total Liabilities | 21,035 | 24,677 | 32,082 | 38,385 | 43,369 | 47,233 | 56,311 | 61,917 | 74,582 | 98,328 | 112,563 | 116,999 |
11,382 | 13,163 | 20,527 | 20,883 | 21,054 | 22,670 | 28,121 | 32,715 | 48,291 | 62,553 | 72,224 | 75,148 | |
CWIP | 2,951 | 2,025 | 1,276 | 1,967 | 4,514 | 4,545 | 4,483 | 3,216 | 3,697 | 4,023 | 6,637 | 10,936 |
Investments | 222 | 63 | 260 | 545 | 1,161 | 1,079 | 782 | 1,178 | 2,236 | 3,161 | 7,432 | 4,289 |
6,480 | 9,426 | 10,020 | 14,990 | 16,641 | 18,938 | 22,924 | 24,808 | 20,358 | 28,591 | 26,271 | 26,627 | |
Total Assets | 21,035 | 24,677 | 32,082 | 38,385 | 43,369 | 47,233 | 56,311 | 61,917 | 74,582 | 98,328 | 112,563 | 116,999 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,379 | 1,132 | 3,057 | 2,381 | 4,063 | 5,608 | 6,029 | 7,402 | 7,556 | 10,420 | 11,900 | 15,018 | |
-5,136 | -2,510 | -2,485 | -4,153 | -2,629 | -3,846 | -4,368 | -749 | -14,064 | -5,493 | -16,716 | -6,768 | |
4,138 | 772 | -237 | 2,170 | -1,325 | -1,889 | 2,313 | -4,256 | 3,514 | -586 | -2,734 | -7,800 | |
Net Cash Flow | 381 | -606 | 335 | 398 | 109 | -127 | 3,975 | 2,397 | -2,994 | 4,341 | -7,550 | 450 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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Debtor Days | 73 | 70 | 76 | 125 | 116 | 139 | 93 | 98 | 85 | 54 | 69 | 50 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 73 | 70 | 76 | 125 | 116 | 139 | 93 | 98 | 85 | 54 | 69 | 50 |
Working Capital Days | 147 | 199 | 106 | 71 | 248 | 244 | 145 | 60 | 23 | 45 | 15 | 19 |
ROCE % | 11% | 14% | 14% | 13% | 14% | 17% | 14% | 12% | 14% | 11% | 10% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under Regulation 74(5) for Q2 2024.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Oct
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
3 Oct - APSEZ reports cargo handling growth of 14% YoY in Sep'24.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Oct - Newspaper publication for dispatch of Postal Ballot Notice.
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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Aug 2024TranscriptPPT
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Oct 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]