Mundra Port and Special Economic Zone (MPSEZ), Indiaâ€™s largest private port and special economic zone, was incorporated as Gujarat Adani Port (GAPL) in 1998 to develop a private port at Mundra, on the west coast of India. The company commenced commercial operations in October 2001....
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Adani Ports and Special Economic Zone Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Adani Ports and Special Economic Zone Ltd. should be analysed on a Consolidated basis
1. Is Adani Ports &Special a good quality company?
MoneyWorks4Me analysed the past 10-year performance of Adani Ports &Special and arrived at the following conclusion:
Past 10 year's financial track record indicates that Adani Ports &Special is a average quality company. However, for specific investment actions please connect with your investment advisor.
2. Is current market price of Adani Ports &Special a good price to buy it?
The 5-year analysis of Adani Ports &Special's performance infers:
Adani Ports &Special earnings have grown by 16.4%, whereas share price has appreciated 2.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.
3. What is Adani Ports &Special share price return in the past 10 years ?
We analysed the performance of Adani Ports &Special share prices over the last 10 years. Here is what we found out:
Adani Ports &Special share price has appreciated 7.4% annually over the past ten years.
Mundra Port and Special Economic Zone (MPSEZ), Indiaâ€™s largest private port and special economic zone, was incorporated as Gujarat Adani Port (GAPL) in 1998 to develop a private port at Mundra, on the west coast of India. The company commenced commercial operations in October 2001. Mundra Special Economic Zone (MSEZ) was incorporated in November 2003, to set up an SEZ at Mundra. MSEZ was merged with GAPL in April 2006. The company was renamed as Mundra Port and Special Economic, to
Mundra Port and Special Economic Zone (MPSEZ), Indiaâ€™s largest private port and special economic zone, was incorporated as Gujarat Adani Port (GAPL) in 1998 to develop a private port at Mundra, on the west coast of India. The company commenced commercial operations in October 2001. Mundra Special Economic Zone (MSEZ) was incorporated in November 2003, to set up an SEZ at Mundra. MSEZ was merged with GAPL in April 2006. The company was renamed as Mundra Port and Special Economic, to reflect the nature of business.
The company is promoted by Adani Group. The group is a business behemoth based in India having a global footprint with interests in Infrastructure, Power, Global Trading, Logistics, Energy, Port & SEZ, Mining, Oil & Gas, Agri Business, FMCG products, Real Estate Development, Bunkering, et al.Business of the company:Mundra Port, Indiaâ€™s largest private port, provides cargo handling and other value-added port services. The port offers a number of locational and logistical advantages.The company offers following facilities:Dry Cargo Handling & StorageThe Mundra Port has state-of-the-art facilities for the handling and warehousing of dry cargo.
4 Gottwald and 4 Liebherr mobile harbour cranes with a handling capacity of 750 tons per hour (TPH) per crane
22 bagging lines capable of 1008 TPH in total.
One 1,000 TPH ship loader
3.6 km long import and export conveyor system capable of handling 1,500 TPH of import and 1,000 TPH of export cargo
2 mobile hoppers for direct discharge into the import conveyors
6 mobile hoppers for direct discharge into dumpers
Wheat cleaning and rice sorting systems
State of the art fully mechanised fertiliser cargo complex
03 Nos 20 MTS goliath cranes with vacuum handling pipe attachments capable of handling 8â€ to 56â€ diameter of pipes
60 Nos 40 ft trailers for internal transportation.
4 Nos 32 MTS kalmar forklifts.
Wheat cleaning facility with a capacity of 1,200 MT / day
Rice sorting and grading facilities with a capacity of 500 MT / day
8 weighbridges for dry cargo
2 in-motion rail weighbridges
21 closed godowns ad measuring 1,37,000 Sq.Mts. for wheat, rice, sugar, de-oiled cakes (DOC), fertilizer, fertilizer raw materials (FRM), etc
8,80,000 Sq. Mts Of well demarcated open storage space for steel sheets, plate, coils, scrap, clinker, salt, coal, coke, bentonite, etc
26,000 Sq. Mtr of open storage alongside rail siding
Liquid Cargo Handling & Storage:
Mundra Port is one of the most facilitated ports for the offloading and warehousing of liquid cargo with the following facilities:
9 Nos. Dock Pipelines with diameters ranging from 8 inch to 24 inch (including 8' dia Stainless Steel line), connecting Liquid berths to the shore tanks.
Dedicated pump with individual tank for road tanker loading (88 pumps)
88 loading bays for uninterrupted delivery from every tank i.e. 3 road tanker simultaneous loading from individual tank and 12 unloading bays.
Bulk Bitumen storage tank facility inside port. 2 tanks each of 3000 Kiloliter and one service tank of 430 KL
Fire fighting, nitrogen, hot water circulation, effluents treatment plant (ETP) and oil-water separator systems
9 pump houses and 7 Weighbridges in the liquid terminal
Tank terminal with 97 tanks with total storage volume of 4,25,624 kiloliter for storage of various liquids like edible oils, petroleum products, bitumen in bulk and chemicals.
All Pipelines with cup pigging system for pushing pipe line product and effective cleaning of pipe line.
Export pumps installed 300x4 Nos. and 500x 3 Nos. cu.m/HR for export from tank to vessel.
Encl-9 tanks (16 nos.) with Radar Gauges and Mass flow meters at delivery end.
Rail connectivity for vegetable oil loading/unloading
Project Cargo:Mundra Port has many advantages for project cargo handling like:
Capability to handle oversized and overweight cargo
Availability of exclusive sea front/berthing as well as common user berths
Opportunity for on-site manufacturing and assembly in the port backup area
Backed with SEZ facilities to set up units in SEZ
Provision for barge operations
Multiple berth options with possibility of priority berthing of chartered vessels possible
The port has 7 railway sidings and two dedicated diesel locomotives
It can handle double stack container trains
A 64 km private railway line has been developed which connects the port with the national network at Adipur. Adipur falls on the broad gauge from Mumbai to Bhuj. Adani also has equity stakes in the Kutch Rail Company Ltd. (KRCL), a project by the Indian railways to shorten the distance between the northern hinterland (including Delhi and commercially important cities like Ludhiana) and Mundra Port by providing a broad gauge connection between Palanpur and Adipur.
Road Transport:The Port road is connected to NH 8A. The existing 10 km long external Four lane road connecting Mundra Port is having navigational guidance through various signboards and landmarks at appropriate points.Rail Over Bridge:To streamline, ease and speed up the ever-increasing road traffic flow, a four lane 1.5 long dedicated Rail Over Bridge (RoB) is already commissioned within the port area. This is the first private four lane RoB within port area in India capable of withstanding a load bearing capacity of 100 MT .Marine Services:The company provides the following marine services to vessels:
Fresh water services
Bunker services (fuel â€“ HSD / gas oil and lubes) at a competitive price
Reception facilities for sludge and slop
Garbage collection facilities
Fire fighting services on demand
Fresh provisions and stores
Bonded store items
Sign-on and sign-off facility with direct flights to Mumbai
The portâ€™s own fleet of tugs.
Bunkering:The Adani Group, promoters of the Mundra Port, run Adani Bunkering Services which offers all grades of fuel oil and gas oil as per ISO specification at globally competitive price. The advantages of bunkering at Mundra Port are as follows.
Compliance with MARPOL Annex VI requirements
Services offered are at par with International Standards, by virtue of two owned-barges and oil terminal inside Mundra Port
ISO 9001-2008 accredited Bunker Supply Chain Management ensures the quality of bunker fuels
Internationally acclaimed 24x7 environment-friendly services ensures meeting bunker fuel requirements in time
Two dock lines of 24â€ and 12â€ for discharge of Cargo, loading of barges and Bunker supply
Besides Mundra Port, Chemoil Adaniâ€™s bunkering facilities can be provided at Kandla, Sikka, Jamnagar and Vadinar
Road Tank Wagon supplies are available for alongside jetties
Chemoil Adani Bunkering has procured orders for other Indian Ports such as Mumbai, JNPT, Goa, Cochin, Haldia, Chennai, Vizag and New Mangalore.
Ship Repair Facility:
Ship Repair Facility at Mundra was constructed and made operational. The first tug docked for dry docking maintenance was Tug Khusboo. Meanwhile, Air Bags technology for Upslip and Downslip were also used first time at MUNDRA.