Adani Ports and Special Economic Zone Ltd (ADANIPORTS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532921 | NSE: ADANIPORTS | Port | Large Cap

Adani Ports &Special Share Price

1,497.70 -7.20 -0.48%
as on 05-Dec'25 09:52

Adani Ports and Special Economic Zone Ltd (ADANIPORTS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532921 | NSE: ADANIPORTS | Port | Large Cap

DeciZen - make an informed investing decision on Adani Ports &Special

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Adani Ports and Special Economic Zone stock performance -

Key Ratios
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P/E Ratio (CD):
27.18
Market Cap:
3,25,079.3 Cr.
52-wk low:
1,011
52-wk high:
1,548.6

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10 Year X-Ray of Adani Ports &Special: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.4%14.7%15.6%13.8%11.5%14.1%10.8%10.8%13.3%15.5%-
Value Creation
Index
0.20.30.40.20.00.30.00.00.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7,1098,43911,32310,92511,43912,55017,11920,85226,71130,47534,746
Sales YoY Gr.-18.7%34.2%-3.5%4.7%9.7%36.4%21.8%28.1%14.1%-
Adj EPS 14.21819.421.124.421.827.227.738.649.355.4
YoY Gr.-26.7%8%8.9%15.4%-10.5%24.5%2%39.2%28%-
BVPS (₹) 64.483.8100.9118.5125.3149.8180.9210.1244.3288.3310.5
Adj Net
Profit
2,9343,7184,0154,3754,9514,4325,7375,9838,33010,65811,959
Cash Flow from Ops. 2,3814,0635,6086,0297,4027,55610,42011,90015,01817,226-
Debt/CF from Ops. 9.45.544.64.14.64.44.33.12.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.6%21.7%21.2%14.1%
Adj EPS 14.9%15.2%22%28%
BVPS18.1%18.1%16.8%18%
Share Price 19.4% 27% 18.8% 17.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
24.22420.819.219.715.815.813.716.918.518.5
Op. Profit
Mgn %
65.164.263.264.762.563.660.861.659.560.460
Net Profit
Mgn %
40.443.835.640.543.535.833.929.131.234.934.4
Debt to
Equity
1.71.31.11.11.21.11.21.10.90.70.6
Working Cap
Days
560549446517522464334315265236111
Cash Conv.
Cycle
6488971006955284-0-30

Recent Performance Summary

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Latest Financials - Adani Ports and Special Economic Zone Ltd.

Standalone Consolidated
TTM EPS (₹) 9.6 55.4
TTM Sales (₹ Cr.) 8,209 34,746
BVPS (₹.) 138.3 310.5
Reserves (₹ Cr.) 29,445 66,646
P/BV 10.88 4.85
PE 157.55 27.18
From the Market
52 Week Low / High (₹) 1011.00 / 1548.60
All Time Low / High (₹) 50.00 / 1607.95
Market Cap (₹ Cr.) 3,25,079
Equity (₹ Cr.) 432
Face Value (₹) 2
Industry PE 133.8

Management X-Ray of Adani Ports &Special:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.022.441.721.701.550.030.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Adani Ports &Special - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Adani Ports &Special

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7,1098,43911,32310,92511,43912,55017,11920,85226,71130,475
Operating Expenses 2,5353,0254,4994,3345,9344,5667,5948,01810,84712,069
Manufacturing Costs1,8202,1663,2352,7313,0903,2374,8685,6247,1068,116
Material Costs0000000000
Employee Cost 2763834475305476157791,1781,8962,009
Other Costs 4394768161,0732,2977151,9461,2161,8451,944
Operating Profit 4,5745,4156,8246,5925,5057,9839,52412,83315,86418,407
Operating Profit Margin (%) 64.3%64.2%60.3%60.3%48.1%63.6%55.6%61.5%59.4%60.4%
Other Income 8021,3181,0111,4052,4332,6852,2391,7841,5512,169
Interest 1,1941,3931,2571,4281,9512,2552,5604,4802,8973,059
Depreciation 1,0631,1601,1881,3731,6802,1073,0993,4253,8884,379
Exceptional Items 00-155-69-590-405-1,273-374-249
Profit Before Tax 3,1194,1795,2345,1264,2446,2925,7175,48710,09413,030
Tax 2832871,5441,0814591,243764961,9901,968
Profit After Tax 2,8373,8923,6904,0453,7855,0494,9535,3918,10411,061
PAT Margin (%) 39.9%46.1%32.6%37.0%33.1%40.2%28.9%25.9%30.3%36.3%
Adjusted EPS (₹)14.018.917.719.318.524.623.124.637.651.4
Dividend Payout Ratio (%)8%7%11%1%17%20%22%20%16%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 13,50517,52621,06924,53825,62330,60838,38345,55652,94562,435
Share Capital 580580580414573573589599599599
Reserves 12,92516,94620,48924,12425,05130,03537,79444,95752,34661,837
Minority Interest1241391502102201465393136115982538
Debt19,45321,25521,40226,42928,33933,87545,06648,49538,59136,843
Long Term Debt15,82017,99320,62919,88326,18132,93639,69146,51737,66335,831
Short Term Debt3,6333,2627736,5462,1579405,3741,9789281,012
Trade Payables4034564905727291,0141,1602,2961,9122,721
Others Liabilities 3,6982,2172,9543,7506,0847,62013,32714,85621,95328,906
Total Liabilities 37,18341,59446,06555,49960,99474,58298,3281,12,5631,16,9991,33,443

Fixed Assets

Gross Block22,00023,46326,46933,25239,53757,07074,07685,62891,6601,09,756
Accumulated Depreciation1,1162,4103,7995,1316,8238,77911,52314,70717,85821,599
Net Fixed Assets 20,88321,05422,67028,12132,71548,29162,55370,92273,80388,157
CWIP 1,9674,5144,5454,4833,2163,6974,0236,63710,93611,706
Investments 5451,1611,0797821,1782,2363,1617,4324,2894,659
Inventories212657520807288992396452438522
Trade Receivables2,4362,6934,3102,7903,2022,9262,5213,9573,6674,432
Cash Equivalents 1,2781,9772,9685,9677,3144,70110,6674,3347,6326,606
Others Assets 9,8629,5389,97212,54813,08111,73915,00718,83016,23617,360
Total Assets 37,18341,59446,06555,49960,99474,58298,3281,12,5631,16,9991,33,443

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 2,3814,0635,6086,0297,4027,55610,42011,90015,01817,226
PBT 3,1194,1795,2345,1264,2446,2925,7175,48710,09413,030
Adjustment 1,4121,8332,0801,9783,0171,7284,9048,1346,2056,032
Changes in Working Capital -1409-1226-70732991408758-874-10-370
Tax Paid -742-723-999-1,107-850-873-960-847-1,272-1,465
Cash Flow From Investing Activity -4,153-2,639-3,846-4,424-750-14,143-5,282-19,560-6,947-9,787
Capex -2,110-3,748-2,698-2,887-3,558-2,348-3,646-8,937-7,390-7,998
Net Investments -448-1,086-1,0361,3851,213-1,184-4,583-801-1112,690
Others -1,5952,194-113-2,9221,595-10,6112,947-9,822554-4,479
Cash Flow From Financing Activity 2,170-1,325-1,8892,313-4,2563,514-586-2,734-7,800-6,916
Net Proceeds from Shares 000000909946235387
Net Proceeds from Borrowing 2,3935012,404-1,6555,1366,6414,9515,735-3,654-2,810
Interest Paid -1,233-1,088-1,164-1,472-1,924-1,938-2,551-2,371-2,809-2,579
Dividend Paid -456-1-269-418-700-0-1,027-1,093-1,080-1,336
Others 1,465-737-2,8605,859-6,768-1,189-2,869-5,951-493-577
Net Cash Flow 39898-1273,9192,396-3,0734,553-10,394271523

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.6225.3619.2917.815.1418.0614.4312.916.5119.23
ROCE (%)13.4214.7415.6413.7511.4914.110.810.8413.315.51
Asset Turnover Ratio0.210.210.260.220.20.190.20.20.230.24
PAT to CFO Conversion(x)0.841.041.521.491.961.52.12.211.851.56
Working Capital Days
Receivable Days96111113119968958575249
Inventory Days12191922171915766
Payable Days0000000000

Adani Ports and Special Economic Zone Ltd Stock News

Adani Ports and Special Economic Zone Ltd FAQs

The current trading price of Adani Ports &Special on 05-Dec-2025 09:52 is ₹1,497.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Adani Ports &Special stood at ₹3,25,079.3.
The latest P/E ratio of Adani Ports &Special as of 04-Dec-2025 is 157.6.
The latest P/B ratio of Adani Ports &Special as of 04-Dec-2025 is 10.88.
The 52-week high of Adani Ports &Special is ₹1,548.6 and the 52-week low is ₹1,011.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Ports &Special is ₹8,209 ( Cr.) .

About Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across many domestic ports in various maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is not only best-in-class, but also capable of handling the largest vessels calling at Indian shores. The company’s ports are equipped to handle diverse cargos, from dry cargo, liquid cargo, crude to containers.

Through its subsidiary Adani Logistics Ltd., APSEZ operates three logistics parks located at Patli in Haryana, Kila-Raipur in Punjab and Kishangarh in Rajasthan. Over the years, APSEZ has evolved into a provider of integrated port infrastructure services, of which the Mundra SEZ in Gujarat is a landmark validation. The Mundra Economic Hub offers investment options as the largest multi-product SEZ, Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone.

The Company’s integrated services across three verticals, i.e. Ports, Logistics and SEZ, has enabled it to forge alliances with leading Indian businesses making APSEZ an undisputed leader in the Indian port sector. Along with its expertise in providing end-to-end logistics solutions, operational excellence, low-cost operations and synergies through acquisitions, the Company is backed by a young and dynamic workforce that propels it to greater heights.

Business area of the company

The Company is primarily engaged in one business segment, namely developing, operating and maintaining the Ports services, Ports related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra, as determined by chief operating decision maker, in accordance with Ind-AS 108 “Operating Segments”.

Awards and Recognition

2016:

  • Dun and Bradstreet - India’s Leading Infrastructure Company Port Category - Infra Awards 2016.
  • Sea Port of the Year - Private at Logistic Asia Award 2016.
  • Sea Port of the Year - Liquid Terminal at Logistic Asia Award 2016.
  • Samudra Manthan Awards 2016 for Private Port of the Year.
  • Container Handling Port of the year at 7th all India Maritime and Logistics Awards.
  • Private Port/Terminal of the Year Award at India Seatrade Award 2016.
  • Best Port of the year (Non Containerized) Award at India Maritime Awards.
  • Best Port of the year (Containerised) Gujarat Star Awards.
  • Won Gold in “1st Annual EKDKN Exceed Award 2017”.
  • MALA Awards - Port/Maritime Personality of the year awarded to a senior official of the Company.
  • Global Ports Forum award for Port/Terminal Visionary of The Year 2017 awarded to a senior official of the Company.
  • Global Ports Forum award for Container Terminal Operator of the year 2017.
  • Sliver Trophy - “FINEST INDIA SKILLS & TALENT AWARD 2017” category of “Best Fire Safe Company – Services” after its launch for the first time in India.
  • Golden Peacock Award for Corporate Social Responsibility for the year 2016.

2017:

  • Golden Peacock Award for Occupational Health & Safety at 19th World Congress Global Conference
  • Private Port of the Year by Sea Trade Award
  • Best Environment Protection Award by Maritime Nation India Environment Protection Award
  • Best Terminals and Ports Operator at the 11th Express, Logistics & Supply Chain Leadership Awards
  • Best Shipping Port of the Year award at India Cargo
  • Gold at ‘Best Simulation based Learning Programme’ at CLO award organized by Leapvault with knowledge associate Tata Institute of Social Sciences
  • Commendation for Significant Achievement by CII-ITC Sustainability Awards 2017 for Domain Excellence - CSR
  • Gold Award in ‘2nd Annual EKDKN EMINENT Award 2017’ - Ek Kam Desh Ke Nam (EKDKN) CSR category in port sector
  • Silver Award - Innovation under the category of Transport & Logistics from OSH India Global Safety Conference - A UBM Event
    Silver Plaque at 30th World Ports Conference organized by International Association of Ports and Harbours
  • Gold and Silver Awards in 31st National Convention on Quality Concepts for Dahej and Haizra Ports

2018:

  • Golden Peacock Environment Management Award 2018 in the Port category
  • The All India Maritime and Logistics Awards (MALA) 2018 in the ‘Best Container Handling Terminal of the Year’ category
  • Behaviour Based Safety Award 2018 in the ‘Port’ category
  • The Gujarat Junction Award 2019 in the ‘Port of the Year - Containerised Cargo’ category
  • 12th ELSC Leadership Awards and 6th Procurement Excellence Awards’

2019:

  • Mundra Port was awarded a ‘Zero Waste Port’ certificate by Libero Assurance

2020:

  • The company’s three schools were recognised and appreciated at the recently held Samagra Shiksha Empowering Awards 2020, for providing quality and value-based primary education to the underprivileged.

Milestones

2015:

  • Adani begins development of India’s First Transhipment Port at Vizhinjam
  • Adani Ports commissions Tuna Tekra bulk terminal at Kandla in a record time of 24 months

2016:

  • Adani Ports and Terminal Investment to jointly develop a major transhipment hub at Mundra

2017:

  • Adani Ports, Mundra set National Record for the ‘largest parcel size of containers handled in one vessel’
  • Adani Ports begins Berth Construction at India’s First Transhipment Port at Vizhinjam
  • Adani Ports form JV with France’s CMA CGM to operate Container Terminal at Mundra Port
  • Adani Logistics commissions multimodal logistics park in Punjab and dedicates it to the nation

2018:

  • Adani and Total Join Forces to become a major integrated downstream player in the Indian Energy Market
  • Adani Logistics Ltd. (ALL) and NYK Auto Logistics (India) Private Ltd. (NALI) Announce Formation of Rail Logistics Joint Venture
  • APSEZ completes acquisition of Kattupalli port - Southern India’s new EXIM gateway - from L&T
  • Adani Ports signs a long term regasification pact with Indian Oil for Dhamra LNG terminal
  • Adani Ports Expands Dhamra Port Capacity Four Fold to 100 million tonne per annum

2019:

  • Adani Forays into Cold Chain Logistics with INR 296 Cr acquisition of Snowman Logistics
  • APSEZ & Wilhelmshaven Freight Village Container Terminal to jointly promote trade and shipping
  • Adani becomes 1st Indian port operator to record 200 MMT cargo movement

2020:

  • Adani Ports and SEZ Ltd. completes Rs. 12000 cr acquisition of Krishnapatnam Port Company Ltd. (KPCL).
  • APSEZ becomes the first Indian port to sign up for Science Based Targets Initiative (SBTi)
  • First Container vessel carrying Export Cargo from India to Bangladesh
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