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Adani Ports &Special

₹1338.8 3 | 0.2%

Market Cap ₹289189 Cr.

Stock P/E 35.7

P/B 9.9

Current Price ₹1338.8

Book Value ₹ 135.9

Face Value 2

52W High ₹1425

Dividend Yield 0.45%

52W Low ₹ 659.9

Adani Ports &Special Research see more...

Overview Inc. Year: 1998Industry: Port

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, Tuna, Krishnapatnam, Dighi, and Vizhinjam port locations. It additionally presents car logistics, inland waterways, rail operation, warehousing, and agriculture logistics services, as well as operates multi-modal logistics parks; and gives capital, maintenance, and inland water dredging services. In addition, it's miles worried within the operation, improvement, upkeep, development, and extension of software offerings, including electricity distribution; provision of passenger airline, dredging, and warehousing / storage facilities and other associated services, as well as sanatorium and associated services; and possession and operation of harbour tugs, barges, other port crafts, ocean towage, and offshore support vessels, as well as gives marine services, along with pilotage, laying, and protection of buoys. The company was formerly known as Mundra Port and Special Economic Zone Limited and changed its name to Adani Ports and Special Economic Zone Limited in January 2012. Adani Ports and Special Economic Zone Limited become incorporated in 1998 and is established in Ahmedabad, India. Adani Ports and Special Economic Zone Limited was previously a subsidiary of Adani Enterprises Limited.

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Adani Ports &Special Share Price

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Peer Comparison

Adani Ports &Special Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Adani Ports &Special Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 3361 4350 3909 4619 4879 6534 5336 4643 4377 4206 5237
Other Income 203 682 738 1248 1485 1607 2398 3030 2985 2539 3088
Total Income 3564 5032 4648 5867 6364 8141 7735 7673 7362 6745 8325
Total Expenditure 891 1612 1302 1312 1332 2326 1998 3209 1506 2553 4413
Operating Profit 2673 3420 3346 4555 5032 5815 5737 4464 5856 4193 3912
Interest 442 754 709 930 1198 1218 1477 1879 2327 2509 2770
Depreciation 342 456 489 519 541 471 474 553 619 600 613
Exceptional Income / Expenses 0 0 0 0 0 -297 -122 0 0 -612 -1558
Profit Before Tax 1889 2210 2148 3106 3293 3829 3664 2032 2910 472 -1028
Provision for Tax 135 194 -35 142 192 1421 1026 97 982 324 -549
Profit After Tax 1754 2016 2183 2965 3101 2408 2638 1934 1928 148 -479
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1754 2016 2183 2965 3101 2408 2638 1934 1928 148 -479
Adjusted Earnings Per Share 8.8 9.7 10.5 14.3 15 11.6 12.7 9.5 9.5 0.7 -2.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 25% 4% -4% 5%
Operating Profit CAGR -7% -4% -8% 4%
PAT CAGR -424% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 101% 20% 27% 19%
ROE Average -2% 3% 6% 15%
ROCE Average 2% 6% 7% 12%

Adani Ports &Special Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 6704 9336 11203 13566 16865 18283 20492 19865 21801 30011 28703
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7405 7861 8499 10247 16161 18840 18082 24638 30950 40627 44062
Other Non-Current Liabilities 1176 1838 1759 -428 -1007 -289 -86 -192 243 -69 -641
Total Current Liabilities 2970 1869 4346 6488 5477 2868 8132 6548 5081 6963 6323
Total Liabilities 18255 20904 25807 29873 37495 39702 46620 50858 58075 77532 78446
Fixed Assets 8782 8537 8462 8524 8390 7957 9074 10583 10282 10039 10190
Other Non-Current Assets 4770 7521 11318 15430 19126 21529 25270 29857 39845 52873 61477
Total Current Assets 4631 4784 5983 5920 9980 10216 12275 10418 7948 14621 6584
Total Assets 18255 20904 25807 29873 37495 39702 46620 50858 58075 77532 78446

Adani Ports &Special Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 214 554 92 443 700 548 484 3851 4408 3311 4828
Cash Flow from Operating Activities 1370 1602 1990 1713 2313 2411 3214 3170 3042 3012 2714
Cash Flow from Investing Activities -2446 -2314 -3556 -2954 -4181 -550 -2403 -31 -7967 -8803 -4025
Cash Flow from Financing Activities 1417 250 1917 1498 1717 -1926 2555 -2581 3827 7308 -3452
Net Cash Inflow / Outflow 341 -462 351 257 -151 -64 3367 558 -1098 1517 -4763
Closing Cash & Cash Equivalent 554 92 443 700 548 484 3851 4408 3311 4828 65

Adani Ports &Special Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 8.76 9.74 10.55 14.31 14.97 11.63 12.74 9.52 9.49 0.7 -2.22
CEPS(Rs) 10.47 11.94 12.91 16.82 17.58 13.9 15.03 12.24 12.54 3.54 0.62
DPS(Rs) 1 1 1.1 1.1 1.3 2 0.2 3.2 5 5 5
Book NAV/Share(Rs) 33.09 44.79 53.89 65.51 81.44 88.28 98.95 97.77 107.3 125.01 132.87
Core EBITDA Margin(%) 73.5 62.93 66.7 71.6 72.7 64.4 62.56 30.88 65.59 39.31 15.74
EBIT Margin(%) 69.36 68.14 73.08 87.38 92.06 77.25 96.34 84.21 119.63 70.87 33.25
Pre Tax Margin(%) 56.21 50.81 54.95 67.25 67.49 58.61 68.65 43.76 66.47 11.22 -19.63
PAT Margin (%) 52.19 46.35 55.84 64.18 63.55 36.86 49.43 41.66 44.05 3.51 -9.15
Cash Profit Margin (%) 62.38 56.82 68.34 75.42 74.63 44.06 58.32 53.57 58.19 17.76 2.55
ROA(%) 11.16 10.3 9.35 10.65 9.2 6.24 6.11 3.97 3.54 0.22 -0.61
ROE(%) 29.74 25.36 21.38 23.98 20.38 13.7 13.61 9.59 9.25 0.61 -1.74
ROCE(%) 17.68 17.87 13.9 15.41 13.5 13.37 12.26 8.3 10.03 4.57 2.31
Receivable days 52.34 65.05 73.68 91.27 125.43 141.85 177.71 158.9 156.98 117.78 82.11
Inventory Days 8.13 9.66 15.05 12.02 24.23 24.76 33.82 28 6.72 6.66 5.52
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 15.85 19.25 29.21 17.3 22.7 30.5 29.68 26.4 74.06 1108.07 0
Price/Book(x) 4.19 4.19 5.72 3.78 4.17 4.02 3.82 2.57 6.55 6.19 4.75
Dividend Yield(%) 0.72 0.53 0.36 0.44 0.38 0.56 0.05 1.27 0.71 0.65 0.79
EV/Net Sales(x) 10.58 10.88 19.19 14.34 18.25 14.13 18.63 16.26 39.55 48.04 34.75
EV/Core EBITDA(x) 13.31 13.84 22.43 14.54 17.69 15.87 17.33 16.92 29.57 48.2 46.51
Net Sales Growth(%) 35.42 29.43 -10.14 18.16 5.62 33.92 -18.33 -12.99 -5.73 -3.91 24.51
EBIT Growth(%) 57.68 27.16 -3.61 41.27 11.28 12.38 1.85 -23.94 33.92 -43.07 -41.59
PAT Growth(%) 49.01 14.94 8.28 35.79 4.59 -22.33 9.54 -26.67 -0.33 -92.35 -424.91
EPS Growth(%) 49.01 11.23 8.28 35.73 4.59 -22.33 9.54 -25.26 -0.33 -92.64 -417.69
Debt/Equity(x) 1.26 0.96 1.05 1.17 1.2 1.1 1.22 1.45 1.55 1.7 1.66
Current Ratio(x) 1.56 2.56 1.38 0.91 1.82 3.56 1.51 1.59 1.56 2.1 1.04
Quick Ratio(x) 1.53 2.48 1.34 0.89 1.73 3.44 1.43 1.58 1.55 2.09 1.03
Interest Cover(x) 5.28 3.93 4.03 4.34 3.75 4.14 3.48 2.08 2.25 1.19 0.63
Total Debt/Mcap(x) 0.3 0.23 0.18 0.31 0.29 0.27 0.32 0.57 0.24 0.27 0.35

Adani Ports &Special Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 63.83 65.55 66.02 66.02 65.13 61.03 62.89 65.53 65.89 65.89
FII 15.27 14.26 14.24 14.33 13.76 17.98 16.98 13.82 14.71 14.97
DII 15.9 15.35 15.08 15.38 14.49 13.04 12.45 13.28 12.01 11.84
Public 4.99 4.84 4.65 4.27 6.62 7.95 7.68 7.37 7.38 7.3
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Stock is trading at 9.9 times its book value.
  • Earnings include an other income of Rs. 3088 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.

Adani Ports &Special News

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