Is Adani Ports and Special Economic Zone a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Adani Ports and Special Economic Zone Ltd is a good quality company .

Is Adani Ports and Special Economic Zone undervalued or overvalued?

The key valuation ratios of Adani Ports and Special Economic Zone Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Adani Ports and Special Economic Zone share price return in the past 10 years?

Adani Ports and Special Economic Zone Ltd share price has appreciated 16.1% annually (CAGR) over the past ten years.

Is Adani Ports and Special Economic Zone a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Adani Ports and Special Economic Zone Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Adani Ports and Special Economic Zone?

The latest standalone P/E ratio of Adani Ports and Special Economic Zone as of 03-Dec-2024 is 105.18.

What is the P/B ratio of Adani Ports and Special Economic Zone?

The latest standalone P/B ratio of Adani Ports and Special Economic Zone as of 03-Dec-2024 is 8.93.

What is the 52-week high and low of Adani Ports and Special Economic Zone?

The 52-week high of Adani Ports and Special Economic Zone is Rs. 1607.95 and the 52-week low is Rs. 858.25.

What is the TTM revenue of Adani Ports and Special Economic Zone?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Ports and Special Economic Zone is Rs. 7543.26 (Cr.).

Adani Ports and Special Economic Zone Ltd - Stock Valuation and Financial Performance

Name: Adani Ports and Special Economic Zone
Brand: Adani Ports and Special Economic Zone

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

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Adani Ports &Special Share Price

₹1,288.80 73.20 6.02%
as on 03-Dec'24 16:59

10 Year X-Ray of Adani Ports &Special:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	14.7%	13.4%	14.7%	15.6%	13.8%	11.5%	14.1%	10.8%	10.8%	13.3%	-
Value Creation Index ⓘ	0.3	0.2	0.3	0.4	0.2	0.0	0.3	0.0	0.0	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,152	7,109	8,439	11,323	10,925	11,439	12,550	17,119	20,852	26,711	28,443
Sales YoY Gr.	-	15.6%	18.7%	34.2%	-3.5%	4.7%	9.7%	36.4%	21.8%	28.1%	-
Adj EPS ⓘ	11.4	14.2	18	19.4	21.1	24.4	21.8	27.2	27.7	38.5	45.4
YoY Gr.	-	24.1%	26.7%	8%	8.9%	15.4%	-10.5%	24.5%	2%	39%	-
BVPS (₹) ⓘ	51.6	65.2	84.6	101.7	118.5	126.1	150.7	181.7	210.9	245.1	264.7
Adj Net Profit ⓘ	2,363	2,934	3,718	4,015	4,375	4,951	4,432	5,737	5,983	8,316	9,805
Cash Flow from Ops. ⓘ	3,057	2,381	4,063	5,608	6,029	7,402	7,556	10,420	11,900	15,018	-
Debt/CF from Ops. ⓘ	5.8	9.4	5.5	4	4.6	4.1	4.6	4.4	4.3	3.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	17.7%	19.6%	28.6%	28.1%
Adj EPS ⓘ	14.5%	12.8%	20.9%	39%
BVPSⓘ	18.9%	15.7%	17.6%	16.2%
Share Price	16.1%	28.9%	20.5%	55.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	24.2	24.2	24	20.8	19.2	19.7	15.8	15.8	13.7	16.9	17.8
Op. Profit Mgn % ⓘ	64.6	65.1	64.2	63.2	64.7	62.5	63.6	60.8	61.6	59.4	61.9
Net Profit Mgn % ⓘ	38.6	40.4	43.8	35.6	40.5	43.5	35.8	33.9	29.1	31.1	34.5
Debt to Equity ⓘ	1.7	1.7	1.3	1.1	1.1	1.2	1.1	1.2	1.1	0.9	0.7
Working Cap Days ⓘ	537	560	549	446	517	522	464	334	315	265	111
Cash Conv. Cycle ⓘ	38	64	88	97	100	69	55	28	4	-4	9

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.80%

Sales growth is growing at healthy rate in last 3 years 28.63%

Net Profit is growing at healthy rate in last 3 years 20.86%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth is good in last 4 quarters at 22.72%

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Latest Financials - Adani Ports and Special Economic Zone Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.6	45.4
TTM Sales (₹ Cr.)	7,543	28,443
BVPS (₹.) ⓘ	136.1	264.7
Reserves (₹ Cr.) ⓘ	28,970	56,744
P/BV ⓘ	8.93	4.59
PE ⓘ	105.18	26.78

From the Market
52 Week Low / High (₹)	858.25 / 1607.95
All Time Low / High (₹)	50.00 / 1607.95
Market Cap (₹ Cr.)	2,62,587
Equity (₹ Cr.)	432
Face Value (₹)	2
Industry PE ⓘ	102.9

Management X-Ray of Adani Ports &Special:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

13.07

17.80

17.31

4.66

4.02

2.44

1.72

1.70

1.55

0.03

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

Valuation of Adani Ports &Special

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Adani Ports &Special

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	6,152	7,109	8,439	11,323	10,925	11,439	12,550	17,119	20,852	26,711
Operating Expenses ⓘ	2,250	2,535	3,025	4,499	4,334	5,934	4,566	7,594	8,018	10,847
Manufacturing Costs	1,649	1,820	2,166	3,235	2,731	3,090	3,237	4,868	5,624	7,106
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	237	276	383	447	530	547	615	779	1,178	1,896
Other Costs ⓘ	364	439	476	816	1,073	2,297	715	1,946	1,216	1,845
Operating Profit ⓘ	3,902	4,574	5,415	6,824	6,592	5,505	7,983	9,524	12,833	15,864
Operating Profit Margin (%)	63.4%	64.3%	64.2%	60.3%	60.3%	48.1%	63.6%	55.6%	61.5%	59.4%
Other Income ⓘ	686	802	1,318	1,011	1,405	2,433	2,685	2,239	1,784	1,551
Interest ⓘ	1,175	1,194	1,393	1,257	1,428	1,951	2,255	2,560	4,480	2,897
Depreciation ⓘ	912	1,063	1,160	1,188	1,373	1,680	2,107	3,099	3,425	3,888
Exceptional Items ⓘ	0	0	0	-155	-69	-59	0	-405	-1,273	-374
Profit Before Tax ⓘ	2,501	3,119	4,179	5,234	5,126	4,244	6,292	5,717	5,487	10,094
Tax ⓘ	177	283	287	1,544	1,081	459	1,243	764	96	1,990
Profit After Tax	2,324	2,837	3,892	3,690	4,045	3,785	5,049	4,953	5,391	8,104
PAT Margin (%)	37.8%	39.9%	46.1%	32.6%	37.0%	33.1%	40.2%	28.9%	25.9%	30.3%
Adjusted EPS (₹)	11.2	14.0	18.9	17.7	19.3	18.5	24.6	23.1	24.6	37.6
Dividend Payout Ratio (%)	10%	8%	7%	11%	1%	17%	20%	22%	20%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	10,768	13,505	17,526	21,069	24,538	25,623	30,608	38,383	45,556	52,945
Share Capital ⓘ	417	414	414	414	414	406	406	422	432	432
Reserves ⓘ	10,351	13,091	17,112	20,655	24,124	25,217	30,202	37,960	45,124	52,513
Minority Interest	159	124	139	150	210	220	1465	393	1361	1598
Debt	15,155	19,453	21,255	21,402	26,429	28,339	33,875	45,066	48,495	38,591
Long Term Debt	13,850	15,820	17,993	20,629	19,883	26,181	32,936	39,691	46,517	37,663
Short Term Debt	1,306	3,633	3,262	773	6,546	2,157	940	5,374	1,978	928
Trade Payables	362	403	456	490	572	729	1,014	1,160	2,296	2,167
Others Liabilities ⓘ	5,638	3,698	2,217	2,954	3,750	6,084	7,620	13,327	14,856	21,698
Total Liabilities ⓘ	32,082	37,183	41,594	46,065	55,499	60,994	74,582	98,328	1,12,563	1,16,999
Fixed Assets
Gross Block	24,750	22,000	23,463	26,469	33,252	39,537	57,070	74,076	85,628	91,660
Accumulated Depreciation	4,223	1,116	2,410	3,799	5,131	6,823	8,779	11,523	14,707	17,858
Net Fixed Assetsⓘ	20,527	20,883	21,054	22,670	28,121	32,715	48,291	62,553	70,922	73,803
CWIP ⓘ	1,266	1,967	4,514	4,545	4,483	3,216	3,697	4,023	6,637	10,936
Investmentsⓘ	260	545	1,161	1,079	782	1,178	2,236	3,161	7,432	4,289
Inventories	259	212	657	520	807	288	992	396	452	438
Trade Receivables	1,288	2,436	2,693	4,310	2,790	3,202	2,926	2,521	3,957	3,667
Cash Equivalents	634	1,278	1,977	2,968	5,967	7,314	4,701	10,667	4,334	7,632
Others Assetsⓘ	7,848	9,862	9,538	9,972	12,548	13,081	11,739	15,007	18,830	16,236
Total Assets ⓘ	32,082	37,183	41,594	46,065	55,499	60,994	74,582	98,328	1,12,563	1,16,999

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,057	2,381	4,063	5,608	6,029	7,402	7,556	10,420	11,900	15,018
PBT ⓘ	2,501	3,119	4,179	5,234	5,126	4,244	6,292	5,717	5,487	10,094
Adjustment ⓘ	1,444	1,412	1,833	2,080	1,978	3,017	1,728	4,904	8,134	6,205
Changes in Working Capital ⓘ	-401	-1409	-1226	-707	32	991	408	758	-874	-10
Tax Paid ⓘ	-487	-742	-723	-999	-1,107	-850	-873	-960	-847	-1,272
Cash Flow From Investing Activity ⓘ	-2,485	-4,153	-2,639	-3,846	-4,424	-750	-14,143	-5,282	-19,560	-6,947
Capex	-1,784	-2,110	-3,748	-2,698	-2,887	-3,558	-2,348	-3,646	-8,937	-7,390
Net Investments	34	-448	-1,086	-1,036	1,385	1,213	-1,184	-4,583	-801	-111
Others ⓘ	-736	-1,595	2,194	-113	-2,922	1,595	-10,611	2,947	-9,822	554
Cash Flow From Financing Activityⓘ	-237	2,170	-1,325	-1,889	2,313	-4,256	3,514	-586	-2,734	-7,800
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	909	946	235
Net Proceeds from Borrowing ⓘ	397	2,393	501	2,404	-1,655	5,136	6,641	4,951	5,735	-3,654
Interest Paid ⓘ	-1,200	-1,233	-1,088	-1,164	-1,472	-1,924	-1,938	-2,551	-2,371	-2,809
Dividend Paid ⓘ	-207	-456	-1	-269	-418	-700	0	-1,027	-1,093	-1,080
Others ⓘ	774	1,465	-737	-2,860	5,859	-6,768	-1,189	-2,869	-5,951	-493
Net Cash Flow ⓘ	335	398	98	-127	3,919	2,396	-3,073	4,553	-10,394	271

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	24.04	23.46	25.09	19.12	17.74	15.09	17.96	14.36	12.84	16.45
ROCE (%)	14.7	13.42	14.74	15.64	13.75	11.49	14.1	10.8	10.84	13.3
Asset Turnover Ratio	0.22	0.21	0.21	0.26	0.22	0.2	0.19	0.2	0.2	0.23
PAT to CFO Conversion(x)	1.32	0.84	1.04	1.52	1.49	1.96	1.5	2.1	2.21	1.85
Working Capital Days
Receivable Days	66	96	111	113	119	96	89	58	57	52
Inventory Days	13	12	19	19	22	17	19	15	7	6
Payable Days	0	0	0	0	0	0	0	0	0	0

Adani Ports and Special Economic Zone Ltd Stock News

Adani Ports and Special Economic Zone Ltd FAQs

What is the share price of Adani Ports &Special?

Company share prices are keep on changing according to the market conditions. The closing price of Adani Ports &Special on 03-Dec-2024 16:59 is ₹1,288.8.

What is the market cap of Adani Ports &Special?

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 03-Dec-2024 16:59 the market cap of Adani Ports &Special stood at ₹2,62,586.5.

What is the P/E ratio of Adani Ports &Special?

The latest P/E ratio of Adani Ports &Special as of 03-Dec-2024 16:59 is 105.2.

What is the P/B ratio of Adani Ports &Special?

The latest P/B ratio of Adani Ports &Special as of 03-Dec-2024 16:59 is 8.93.

What is the 52-week high and low of Adani Ports &Special?

The 52-week high of Adani Ports &Special is ₹1,608 and the 52-week low is ₹858.2.

What is the TTM revenue of Adani Ports &Special?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Ports &Special is ₹7,543 ( 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