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Adani Ports &Special Overview

Adani Ports and Special Economic Zone Ltd, together with its subsidiaries, develops, operates, and maintains port infrastructure facilities in India. It also engages in the ports related infrastructure improvement activities; and improvement of infrastructure at contiguous Special Economic Zone at Mundra. The enterprise operates 12 ports and terminals with 64 berths to facilitate the handling of dry bulk, liquid cargo, crude oil, packing containers, ro-ro, and task shipment at Mundra, Hazira, Dahej, Dhamra, Vizag, Murmugao, Kattupalli, Ennore, ...Read More

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Adani Ports &Special Key Financials

Market Cap ₹327600 Cr.

Stock P/E 29.6

P/B 4.9

Current Price ₹1421.9

Book Value ₹ 291.3

Face Value 2

52W High ₹1548.6

Dividend Yield 0.49%

52W Low ₹ 1011

Adani Ports &Special Share Price

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Volume
Price

Adani Ports &Special Quarterly Price

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Adani Ports &Special Peer Comparison

Adani Ports &Special Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 6248 6646 6920 6897 7560 7067 7964 8488 9126 9167
Other Income 395 305 614 303 495 305 223 281 620 837
Total Income 6642 6952 7534 7200 8054 7372 8187 8770 9746 10004
Total Expenditure 2494 2787 2734 2867 2743 2698 3186 3576 3631 3617
Operating Profit 4148 4165 4800 4333 5311 4674 5001 5194 6115 6387
Interest 633 715 976 604 484 659 899 622 1170 1223
Depreciation 950 974 985 979 1012 1077 1106 1185 1255 1264
Exceptional Income / Expenses 0 -455 0 -374 -145 -52 -28 -24 0 0
Profit Before Tax 2566 2020 2839 2376 3670 2887 2969 3363 3690 3900
Provision for Tax 371 304 533 326 485 473 501 509 537 570
Profit After Tax 2195 1716 2306 2050 3184 2414 2467 2854 3153 3330
Adjustments -80 32 -97 -10 -72 31 53 160 161 -221
Profit After Adjustments 2115 1748 2208 2040 3113 2445 2520 3014 3315 3109
Adjusted Earnings Per Share 9.8 8.1 10.2 9.4 14.4 11.3 11.7 14 15.3 14.4

Adani Ports &Special Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 6152 7109 8439 11323 10925 11439 12550 17119 20852 26711 30475 34745
Other Income 686 802 1318 1011 1405 2433 2685 2239 1784 1551 2169 1961
Total Income 6838 7911 9757 12334 12331 13872 15235 19358 22636 28261 32644 36707
Total Expenditure 2250 2535 3025 4499 4334 5934 4566 7594 8018 10847 12069 14010
Operating Profit 4588 5376 6732 7835 7997 7938 10669 11764 14617 17415 20575 22697
Interest 1175 1194 1393 1257 1428 1951 2255 2560 4480 2897 3059 3914
Depreciation 912 1063 1160 1188 1373 1680 2107 3099 3425 3888 4379 4810
Exceptional Income / Expenses 0 0 0 -155 -69 -59 0 -405 -1273 -374 -249 -52
Profit Before Tax 2501 3119 4179 5234 5126 4244 6292 5717 5487 10094 13030 13922
Provision for Tax 177 283 287 1544 1081 459 1243 764 96 1990 1968 2117
Profit After Tax 2324 2837 3892 3690 4045 3785 5049 4953 5391 8104 11061 11804
Adjustments -10 61 19 -16 -55 -21 -54 -67 -82 7 31 153
Profit After Adjustments 2314 2897 3912 3674 3990 3763 4994 4886 5309 8111 11092 11958
Adjusted Earnings Per Share 11.2 14 18.9 17.7 19.3 18.5 24.6 23.1 24.6 37.5 51.3 55.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 21% 22% 17%
Operating Profit CAGR 18% 20% 21% 16%
PAT CAGR 36% 31% 24% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% 22% 22% 21%
ROE Average 19% 16% 16% 19%
ROCE Average 16% 13% 13% 13%

Adani Ports &Special Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 10768 13505 17526 21069 24538 25623 30608 41988 45556 52945 62435
Minority's Interest 159 124 139 150 210 220 1465 393 1361 1598 2538
Borrowings 13850 15820 17993 20629 19883 26181 32936 39691 46517 37663 35831
Other Non-Current Liabilities 1836 -163 -621 208 516 1273 2337 4887 6599 8330 11653
Total Current Liabilities 5469 7897 6556 4009 10352 7696 7121 11063 11009 16415 20938
Total Liabilities 32082 37183 41594 46065 55499 60994 74582 98328 112563 116999 133443
Fixed Assets 20527 20883 21054 22670 28121 32715 48291 62553 70922 73803 88157
Other Non-Current Assets 4677 9240 8633 9108 12747 13460 13383 17687 24045 25724 26341
Total Current Assets 6791 7060 11907 14287 14631 14820 12553 16190 15655 17286 18757
Total Assets 32082 37183 41594 46065 55499 60994 74582 98328 112563 116999 133443

Adani Ports &Special Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 150 445 842 950 823 4798 7195 4335 8676 1126 1576
Cash Flow from Operating Activities 3057 2381 4063 5608 6029 7402 7556 10420 11900 15018 17226
Cash Flow from Investing Activities -2485 -4153 -2639 -3846 -4424 -750 -14143 -5282 -19560 -6947 -9787
Cash Flow from Financing Activities -237 2170 -1325 -1889 2313 -4256 3514 -586 -2734 -7800 -6916
Net Cash Inflow / Outflow 335 398 98 -127 3919 2396 -3073 4553 -10394 271 523
Closing Cash & Cash Equivalent 485 843 950 823 4798 7195 4201 8676 1126 1576 3406

Adani Ports &Special Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.18 13.99 18.89 17.74 19.27 18.52 24.58 23.13 24.58 37.55 51.35
CEPS(Rs) 15.63 18.83 24.4 23.56 26.16 26.9 35.22 38.12 40.81 55.52 71.48
DPS(Rs) 1.1 1.1 1.3 2 0.2 3.2 5 5 5 6 7
Book NAV/Share(Rs) 51.58 64.41 83.83 100.93 118.49 125.3 149.83 180.92 210.12 244.33 288.26
Core EBITDA Margin(%) 63.43 64.34 64.16 60.27 60.33 48.12 63.62 55.64 61.55 59.39 60.4
EBIT Margin(%) 59.76 60.67 66.02 57.33 59.99 54.15 68.11 48.35 47.8 48.64 52.79
Pre Tax Margin(%) 40.66 43.88 49.52 46.23 46.92 37.1 50.14 33.4 26.31 37.79 42.75
PAT Margin (%) 37.78 39.9 46.12 32.59 37.02 33.09 40.23 28.93 25.85 30.34 36.3
Cash Profit Margin (%) 52.6 54.86 59.87 43.08 49.59 47.77 57.02 47.04 42.28 44.9 50.66
ROA(%) 8.19 8.19 9.88 8.42 7.97 6.5 7.45 5.73 5.11 7.06 8.83
ROE(%) 24.04 23.62 25.36 19.29 17.8 15.14 18.06 14.43 12.9 16.51 19.23
ROCE(%) 14.69 13.42 14.74 15.64 13.75 11.49 14.1 10.8 10.84 13.3 15.51
Receivable days 65.59 95.6 110.92 112.87 118.59 95.6 89.11 58.07 56.7 52.09 48.5
Inventory Days 12.72 12.09 18.79 18.98 22.17 17.47 18.62 14.79 7.42 6.08 5.74
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 27.55 17.71 17.99 19.99 19.62 13.57 28.59 33.47 25.71 35.73 23.02
Price/Book(x) 5.97 3.85 4.05 3.51 3.19 2.01 4.69 4.28 3.01 5.49 4.1
Dividend Yield(%) 0.36 0.44 0.38 0.56 0.05 1.27 0.71 0.65 0.79 0.45 0.59
EV/Net Sales(x) 13.15 10.2 10.76 8.2 9.14 6.47 13.8 11.61 8.77 12.3 9.67
EV/Core EBITDA(x) 17.63 13.49 13.48 11.85 12.49 9.32 16.23 16.9 12.51 18.87 14.32
Net Sales Growth(%) 27.38 15.55 18.72 34.17 -3.51 4.7 9.71 36.41 21.81 28.1 14.09
EBIT Growth(%) 24.43 17.32 29.19 16.5 0.97 -5.49 37.98 -3.17 20.42 30.34 23.84
PAT Growth(%) 33.51 22.03 37.21 -5.2 9.62 -6.43 33.4 -1.89 8.84 50.33 36.49
EPS Growth(%) 33.03 25.13 35.01 -6.08 8.62 -3.87 32.72 -5.9 6.25 52.78 36.76
Debt/Equity(x) 1.66 1.65 1.27 1.05 1.12 1.17 1.14 1.19 1.11 0.87 0.73
Current Ratio(x) 1.24 0.89 1.82 3.56 1.41 1.93 1.76 1.46 1.42 1.05 0.9
Quick Ratio(x) 1.19 0.87 1.72 3.43 1.34 1.89 1.62 1.43 1.38 1.03 0.87
Interest Cover(x) 3.13 3.61 4 5.16 4.59 3.18 3.79 3.23 2.22 4.48 5.26
Total Debt/Mcap(x) 0.28 0.44 0.32 0.3 0.35 0.59 0.24 0.28 0.37 0.16 0.18

Adani Ports &Special Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 65.53 65.89 65.89 65.89 65.89 65.89 65.89 65.89 65.89 68.02
FII 13.82 14.71 14.97 15.18 15.21 13.93 13.42 13.51 13.6 13.09
DII 13.28 12.01 11.84 12.49 13.27 14.21 14.73 15.15 15.04 13.9
Public 7.37 7.38 7.3 6.44 5.63 5.96 5.95 5.45 5.47 4.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Adani Ports &Special News

Adani Ports &Special Pros & Cons

Pros

  • Company has delivered good profit growth of 23% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Stock is trading at 4.9 times its book value.
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