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 |
---|---|---|
28.41 | 5.09 | 0.47% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
47.66 | 6.65 | 0.57% |
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 ₹
All values in ₹
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 | 30,053.44 | ||||||||||
Raw Materials | 0.00 | 111.02 | 129.87 | 140.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11,849.14 | ||||||||||
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 | 18,204.30 | ||||||||||
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 | 4,052.85 | ||||||||||
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 | 14,151.45 | ||||||||||
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 | 2,591.32 | ||||||||||
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 | 11,560.13 | ||||||||||
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 | 1,754.23 | ||||||||||
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 | 9,805.90 | ||||||||||
EPS | 13.99 | 18.89 | 17.74 | 19.27 | 18.34 | 24.58 | 23.58 | 24.85 | 37.55 | 45.39 | ||||||||||
DPS | 1.10 | 1.30 | 2.00 | 0.20 | 3.20 | 5.00 | 5.00 | 5.00 | 6.00 | 6.00 | ||||||||||
Payout ratio | 0.08 | 0.07 | 0.11 | 0.01 | 0.17 | 0.20 | 0.21 | 0.20 | 0.16 | 0.13 |
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 | 34.34 | 5.09 | 0.47% |
JSW Infrastructure Ltd | 53.61 | 7.53 | 0.19% |
Gujarat Pipavav Port Ltd | 24.52 | 3.62 | 4.21% |
Natura Hue Chem Ltd | 32.08 | 0.39 | — |
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
Dec 2023
Mar 2024
Jun 2024
Sep 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 0.3958% | Percentage of the fund’s portfolio invested in the stock 3.03% | Change in the portfolio weight of the stock over the last 3 months 0.58% | 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 17/34 (+4) |
UTI Nifty200 Momentum 30 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1400% | Percentage of the fund’s portfolio invested in the stock 4.80% | Change in the portfolio weight of the stock over the last 3 months -0.30% | 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 5/31 (-1) |
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 0.1338% | Percentage of the fund’s portfolio invested in the stock 0.39% | Change in the portfolio weight of the stock over the last 3 months -0.04% | 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 124/299 (+2) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Dividend Cuts
ADANIPORTS has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.47%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.65 every year
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
On a year-to-date (YTD) basis, the company has handled cargo volumes of 257.7 MMT of total cargo, up 8% YoY. This growth was supported by containers (up 19% YoY), followed by liquids & gas (up 9% YoY). The company's YTD Oct'24 logistics rail volumes have grown by 11% YoY to 0.36 million TEUs and GPWIS volumes have risen by 18% YoY to 12.5 MMT. Adani Ports & Special Economic Zone (APSEZ) 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. APSEZ's consolidated net profit jumped 39.86% to Rs 2,445 crore on 6.32% rise in revenue from operations to Rs 7067.02 crore in Q2 FY25 over Q2 FY24. The scrip fell 2.11% to currently trade at Rs 1364.60 on the BSE. Powered by Capital Market - Live
Adani Ports & Special Economic Zone announced that during the month of October 2024, the company handled 37.9 MMT of total cargo. YTD October 2024, the company handled 257.7 MMT of total cargo (+8% YoY). This growth was supported by containers, which was up 19% YoY, followed by liquids & gas (+9%). YTD October 2024, logistics rail volumes grew 11% YoY to 0.36 Mn TEUs and GPWIS volumes grew 18% YoY to 12.5 MMT. Powered by Capital Market - Live
Profit before exceptional items and tax gained 16.51% year on year (YoY) to Rs 2,936.94 crore in the quarter ended 30 September 2024. The company reported an exceptional loss of Rs 51.77 crore in Q2 FY25. The company's EBITDA (excluding forex) jumped 13% to Rs 4,369 crore in September 2024 quarter as compared to Rs 3,880 crore registered in Q2 FY24. Domestic ports contributed Rs 4,089 crore to EBITDA and Logistics contribution was at Rs 156 crore. The company said that with 70% domestic port EBITDA margins, APSEZ is one of the most profitable port operator globally. During the quarter, APSEZ recorded a cargo volume of 101.2 million metric tons (MMT), registering growth of 10% YoY. The company informed the exchanges that it is well-positioned to hit the upper end of FY25 EBITDA guidance of Rs 17,000-18,000 crore. On half year basis, the company's net profit jumped 43.88% to Rs 5,557.83 crore on 8.75% rise in revenue from operations to Rs 14,023.34 crore in H1 FY25 over H1 FY24. APSEZ clocked 220 MMT of cargo volume (up 9% YoY) in H1 FY25. The growth was primarily driven by Containers (up 19% YoY). Mundra port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1 FY25). The company handled 0.31 million Twenty-foot Equivalent Units (TEUs) rail volume (up 11% YoY) and 10.7 MMT GPWIS volume (up 20% YoY). APSEZ operating revenue grew by 13% YoY to Rs 14,627 crore. Ports revenue increased by 11% YoY to Rs 12,824 crore, Logistics revenue increased by 17% YoY to Rs 1,159 crore in H1 FY25. Net debt to trailing twelve months (TTM) EBITDA ratio at 2x (vs 2.3x in FY24). CRISIL assigned 'AAA' rating to APSEZ. India Ratings upgraded APSEZ's long-term issuer rating to 'AAA'. The company has completed the acquisition of Gopalpur Port and Astro Offshore, and also signed two new port concession agreements. Ashwani Gupta, whole-time director & CEO of APSEZ, said, 'We are pleased to witness continued growth across our operations, with our existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo. During the quarter, we also diversified our marine fleet, adding 26 offshore support vessels. Our logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agri-silos. Mundra Port's remarkable milestone of crossing 100 MMT in 181 days and our cargo volume trajectory reaffirm our confidence in delivering our FY25 cargo guidance and hitting the upper end of our EBITDA guidance for the year. These results underscore APSEZ's commitment to sustainable growth and operational excellence.' 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 scrip rose 0.34% to currently trade at Rs 1,357.75 on the BSE.Powered by Capital Market - Live
Net profit of Adani Ports & Special Economic Zone rose 39.89% to Rs 2445.00 crore in the quarter ended September 2024 as against Rs 1747.85 crore during the previous quarter ended September 2023. Sales rose 6.33% to Rs 7067.02 crore in the quarter ended September 2024 as against Rs 6646.41 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7067.026646.41 6 OPM %59.9355.13 - PBDT4013.513495.15 15 PBT2936.942520.68 17 NP2445.001747.85 40 Powered by Capital Market - Live
Adani Ports & Special Economic Zone will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
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
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%