Adani Ports and Special Economic Zone Ltd
ADANIPORTSAdani Ports and Special Economic Zone Ltd
ADANIPORTSPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
33.53 | 5.58 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
51.13 | 7.14 | 0.47% |
Forecast & Ratings
Detailed Forecast from 15 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Adani Ports and Special Economic Zone Limited is a port infrastructure company engaged in the business of developing, operating and maintaining the Port and Port-based related infrastructure facilities.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 7,841.32 | 9,479.46 | 12,333.89 | 12,287.78 | 13,871.92 | 14,519.83 | 19,359.90 | 22,452.40 | 28,209.98 | 29,678.75 | ||||||||||
Raw Materials | 0.00 | 111.02 | 129.87 | 140.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12,403.21 | ||||||||||
Power & Fuel Cost | 375.30 | 397.42 | 419.41 | 565.51 | 767.98 | 764.75 | 995.74 | 1,025.43 | 1,228.57 | |||||||||||
Employee Cost | 275.81 | 383.14 | 447.32 | 529.81 | 546.52 | 615.05 | 779.43 | 1,178.17 | 1,896.40 | |||||||||||
Selling & Administrative Expenses | 187.31 | 252.58 | 321.51 | 386.41 | 416.37 | 475.31 | 807.53 | 823.01 | 1,423.02 | |||||||||||
Operating & Other expenses | 1,696.20 | 1,880.50 | 3,014.62 | 2,780.73 | 4,266.21 | 2,010.08 | 5,416.84 | 8,151.55 | 7,402.02 | |||||||||||
EBITDA | 5,306.70 | 6,454.80 | 8,001.16 | 7,884.89 | 7,874.84 | 10,654.64 | 11,360.36 | 11,274.24 | 16,259.97 | 17,275.54 | ||||||||||
Depreciation/Amortization | 1,062.96 | 1,160.19 | 1,188.37 | 1,373.48 | 1,680.28 | 2,107.34 | 3,099.30 | 3,424.71 | 3,888.46 | 3,950.75 | ||||||||||
PBIT | 4,243.74 | 5,294.61 | 6,812.79 | 6,511.41 | 6,194.56 | 8,547.30 | 8,261.06 | 7,849.53 | 12,371.51 | 13,324.79 | ||||||||||
Interest & Other Items | 1,124.30 | 1,115.74 | 1,578.66 | 1,385.19 | 1,950.64 | 2,255.29 | 2,543.92 | 2,362.64 | 2,732.94 | 2,584.31 | ||||||||||
PBT | 3,119.44 | 4,178.87 | 5,234.13 | 5,126.22 | 4,243.92 | 6,292.01 | 5,717.14 | 5,486.89 | 9,638.57 | 10,740.48 | ||||||||||
Taxes & Other Items | 222.28 | 267.35 | 1,560.51 | 1,136.00 | 480.79 | 1,297.71 | 831.11 | 178.04 | 1,527.93 | 1,631.73 | ||||||||||
Net Income | 2,897.16 | 3,911.52 | 3,673.62 | 3,990.22 | 3,763.13 | 4,994.30 | 4,886.03 | 5,308.85 | 8,110.64 | 9,108.75 | ||||||||||
EPS | 13.99 | 18.89 | 17.74 | 19.27 | 18.34 | 24.58 | 23.58 | 24.85 | 37.55 | 42.17 | ||||||||||
DPS | 1.10 | 1.30 | 2.00 | 0.20 | 3.20 | 5.00 | 5.00 | 5.00 | — | 11.00 | ||||||||||
Payout ratio | 0.08 | 0.07 | 0.11 | 0.01 | 0.17 | 0.20 | 0.21 | 0.20 | 0.00 | 0.26 |
Company Updates
Investor Presentation
Investor Presentation
Peers & Comparison
IndustrialsPorts
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Adani Ports and Special Economic Zone Ltd | 37.65 | 5.58 | — |
JSW Infrastructure Ltd | 59.11 | 8.30 | 0.17% |
Gujarat Pipavav Port Ltd | 30.29 | 4.48 | 3.41% |
Natura Hue Chem Ltd | 25.83 | 0.32 | — |
Price Comparison
Compare ADANIPORTS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Adani Ports and Special Economic Zone Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3397% | Percentage of the fund’s portfolio invested in the stock 2.92% | Change in the portfolio weight of the stock over the last 3 months 2.92% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 20/31 (+9) |
Kotak Equity Arbitrage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1300% | Percentage of the fund’s portfolio invested in the stock 0.74% | Change in the portfolio weight of the stock over the last 3 months 0.43% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 26/181 (+26) |
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1287% | Percentage of the fund’s portfolio invested in the stock 0.41% | Change in the portfolio weight of the stock over the last 3 months 0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 88/293 (-1) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹6.00
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateJul 28, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Jul 28, 2023
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹5.00
Ex DateEx Date
Jul 14, 2022
Cash Dividend
Ex DateEx DateJun 24, 2021
Dividend/Share
₹5.00
Ex DateEx Date
Jun 24, 2021
Cash Dividend
Ex DateEx DateMar 16, 2020
Dividend/Share
₹3.20
Ex DateEx Date
Mar 16, 2020
The domestic equity benchmarks traded with significant losses in morning trade. The Nifty traded below the 25,550 mark. Realty shares extend losses for the fourth consecutive trading session. Trading was volatile due to weekly F&O series expiry today. At 10:30 ST, the barometer index, the S&P BSE Sensex tumbled 894.98 points or 1.06% to 83,371.99. The Nifty 50 index slipped 272.50 points or 1.06% to 25,524.40 In the broader market, the S&P BSE Mid-Cap index shed 0.91% and the S&P BSE Small-Cap index declined 0.98%. The market breadth was weak. On the BSE, 1,201 shares rose and 2,478 shares fell. A total of 140 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.09% to 12.84. New Listing: Shares of KRN Heat Exchanger and Refrigeration were currently trading at Rs 472.30 at 10:25 IST on the BSE, representing a premium of 114.68% as compared with the issue price of Rs 220. The scrip was listed at Rs 470, exhibiting a premium of 113.64% to the issue price. So far, the stock has hit a high of 497 and a low of 450. On the BSE, over 15.11 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index declined 2.39% to 1,070.60. The index tumbled 5.36% in four consecutive trading sessions. Phoenix Mills (down 4.72%), Brigade Enterprises (down 3.45%), Macrotech Developers (down 3.36%), Godrej Properties (down 1.62%), Sobha (down 1.39%), Oberoi Realty (down 1.32%), DLF (down 1.23%), Raymond (down 1.17%), Mahindra Lifespace Developers (down 0.8%) and Prestige Estates Projects (down 0.61%) declined. Stocks in Spotlight: Adani Ports and Special Economic Zone (APSEZ) fell 1.06%. The company said that it has handled a total cargo volume of 37.5 million metric tonnes (MMT) in September 2024, which is higher by 14% on YoY basis. NMDC shed 0.99%. The state-owned miner's iron ore production increased by 1.33% to 3.04 million tonnes (MT) in September 2024 as against 3 MT produced in September 2023. Maruti Suzuki India slipped 2.15%. The company has recorded total sales increased 1.87% to 1,84,727 units in September 2024 as against 1,81,343 units sold in September 2023. Powered by Capital Market - Live
Adani Ports & Special Economic Zone (APSEZ) announced that during Sep'24, APSEZ handled 37.5 MMT of total cargo (+14% YoY). The growth in cargo was primarily driven by containers, which was up 31% YoY, followed by liquids & gas (+11%) cargo. During H1 FY25, APSEZ handled 219.8 MMT of total cargo (+8.5% YoY), clocking its highest ever H1 cargo. This growth was supported by containers, which was 19% YoY, followed by liquids & gas (+8%) cargo. With Vizhinjam and Gopalpur contributing to cargo volume during the second half of the financial year, we are on track to deliver on our FY25 cargo guidance, despite disruption in Gangavaram port during the first quarter., the company added. Mundra Port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1). Sweating of logistics assets continued with H1 FY25 rail volumes growing by 11% YoY to 0.31 Mn TEUs and GPWIS volumes growing by 20% YoY to 10.7 MMT. Powered by Capital Market - Live
The growth in cargo was primarily driven by containers, which was up 31% YoY, followed by liquids & gas (+11%) cargo. During H1 FY25, APSEZ handled 219.8 MMT of total cargo (up 8.5% YoY), clocking its highest ever H1 cargo. This growth was supported by containers, which was higher by 19% YoY, followed by liquids & gas (up 8%) cargo. With Vizhinjam and Gopalpur contributing to cargo volume during the second half of the financial year, we are on track to deliver on our FY25 cargo guidance, despite disruption in Gangavaram port during the first quarter. The Mundra Port recorded cargo volumes of 101.1 MMT in H1 FY25. Sweating of logistics assets continued with H1 FY25 rail volumes growing by 11% YoY to 0.31 million twenty-foot equivalent units (TEUs) and general purpose wagon investment scheme (GPWIS) volumes growing by 20% YoY to 10.7 MMT. 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. The company's consolidated net profit surged 47.2% to Rs 3,112.83 crore on 11.34% rise in revenue from operations to Rs 6,956.32 crore in Q1 FY25 over Q1 FY24. The scrip shed 0.05% to currently trade at Rs 1466 on the BSE. Powered by Capital Market - Live
Adani Ports and Special Economic Zone has issued unsecured senior notes (Notes) from time to time, which are currently listed on Singapore Stock Exchange (SGX) as well as on the India International Exchange (IFSC) (India INX), as per following details:  Particulars Listed on SGX  Listed on India INX  U.S.$500,000,000 4.0% Senior Notes due 2027 Yes  -   U.S.$750,000,000 4.20% Senior Notes due 2027  Yes    Yes   U.S.$750,000,000 4.375% Senior Notes due 2029   Yes     -   U.S.$500,000,000 3.10% Senior Notes due 2031  Yes     Yes   U.S.$300,000,000 3.828% Senior Notes due 2032   Yes     Yes   U.S.$450,000,000 5.00% Senior Notes due 2041   Yes     Yes       The Company has on 23 September, 2024, listed the aforesaid Notes on the NSE IFSC (NSEIX).Powered by Capital Market - Live
Rorix Holdings (Rorix), the Abu Dhabi-based global trade facilitation and finance company, announces the signing of a Memorandum of Understanding (MOU) during the UAE-India Business Forum with Adani Ports and Special Economic Zone (Adani Ports). This strategic partnership aims to leverage the strengths of both organizations to integrate advanced technologies into their logistics and trading platforms and create synergies that will transform the commodities market ecosystem. Powered by Capital Market - Live
This strategic partnership aims to leverage the strengths of both organizations to integrate advanced technologies into their logistics and trading platforms and create synergies that will transform the commodities market ecosystem. Rorix Holdings, a subsidiary of International Holding Company / Sirius International Holding, is dedicated to revolutionizing trade finance, consulting, commodities exchange, and trade insurance sectors. Dr. Thani bin Ahmed Al Zeyoudi, executive chairman of Rorix Holdings, stated, 'Our partnership with Adani Ports will create an innovative and efficient commodities market ecosystem. By combining our expertise in regulated financial platforms and market infrastructure with Adani Ports' strength in logistics and port management, we aim to revolutionize the way commodities are traded, stored, and managed.' Karan Adani, managing director of APSEZ said, 'This partnership represents a unique opportunity to transform the commodities trade landscape. By leveraging next-generation technologies and combining our expertise, we aim to redefine how commodities markets operate. The collaboration between Rorix and Adani Ports is a significant step towards our ambition to become one of the largest integrated transport and logistics infrastructure companies globally, providing comprehensive end-to-end services.' 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. The company's consolidated net profit surged 47.2% to Rs 3,112.83 crore on 11.34% rise in revenue from operations to Rs 6,956.32 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. APSEZ will develop the berth under DBFOT (design, build, finance, operate, and transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300 meters long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27. Ashwani Gupta, whole-time director and CEO, APSEZ, said: Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that we already handle. The berth will further consolidate our position on the western coast and enhance our ability to service customers in Gujarat and north India. 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. The company's consolidated net profit surged 47.2% to Rs 3,112.83 crore on 11.34% in revenue from operations to Rs 6,956.32 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Adani Ports & Special Economic Zone (APSEZ) has signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal (DPACCCTL), that will carry out operations at the berth. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300m long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27. Powered by Capital Market - Live
Adani Ports & Special Economic Zone announced that India Ratings & Research has reaffirmed the rating as 'IND AA+/Stable' of 'The Dhamra Port Company', a subsidiary of the Company.Powered by Capital Market - Live
Adani Ports & Special Economic Zone announced that during the month of August 2024, the company recorded 36.1 MMT of total cargo. This represents 5% YoY growth, despite operations at Mundra port and Tuna terminal being impacted for 4 days equivalent due to inclement weather in the Kutch region. The growth in cargo was primarily driven by containers (+11% YoY). Kattupalli Port handled its highest ever monthly volume of 1.4 MMT in August 2024. During the first five months of the financial year, APSEZ clocked 182.4 MMT of total cargo (+7% YoY). The growth in cargo was primarily driven by Containers (+17%) and Liquids & Gas (+7%). Sweating of logistics assets continued with YTD August 2024 rail volumes growing by 13% YoY to 0.26 Mn TEUs and GPWIS volumes growing by 23% YoY to 9.08 MMT.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 18.52%
Decreasing Market Share
Over the last 5 years, market share decreased from 86.24% to 84.68%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 15.24%, vs industry avg of 16.42%