ADANIPORTSServices

Adani Ports and Special Economic Zone Limited

Port & Port services · ISIN INE742F01042 · BSE 532921 · NSE EQ · FV ₹2
Last price
₹1,738
+0.84%today
What this company does

Adani Ports and Special Economic Zone Limited operates in Port & Port services, part of the Services sector. It booked ₹10,821 cr of revenue in its latest quarter (Q1 FY27) and kept 33.5% of sales as profit. It is the largest of 4 Port & Port services companies we track, by market value.

61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 50–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns68

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality94

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation30

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 33% net margin
Sales up 19% vs last year
Profit up 6,774% vs last year
Promoters hold 66%
No promoter shares pledged
Strong 15% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ADANIPORTS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 9% a year, it would become
₹19.11 lakh

The slider starts at 9%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,738 +0.84%
latest close · 2026-09-17
1-year return
+140.9%
52-wk low ₹65252-wk high ₹1,857
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio27.7Average
LowAverageHigh
P/B ratio4.17High
Below bookModerateHigh
EV / EBITDA15.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.1%Strong
WeakFairStrong ▸15%
Return on capital13.4%Fair
WeakFairStrong
Net margin33.5%Strong
ThinDecentStrong
EBITDA margin68.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.56Moderate
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.39Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4.00 L cr
Book value
₹417
EPS
₹15.71
latest quarter
Net debt
₹49,941 cr
owes more than its cash
Enterprise value
₹4.50 L cr
EBITDA
₹29,574 cr
annualised
EBIT
₹22,729 cr
annualised
Operating margin
52.5%
Return on assets
7.8%
Earnings yield
3.62%
P/S
9.25
Sales / share
₹187.9
Tax rate
14.3%
Face value
₹2
Shares
230.4 cr
Working capital
₹6,214 cr
Current assets
₹21,975 cr
Current liabilities
₹15,760 cr
Delivery %
59.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹349₹553, midpoint ₹438

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹10,821 cr
Other Income₹853 cr
Total Income₹11,674 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹682 cr
Finance Costs₹1,087 cr
Depreciation & Amortisation₹1,711 cr
Other Expenses₹3,599 cr
Total Expenses₹7,079 cr
Profit before Tax₹4,595 cr
Tax Expense₹658 cr
Share of JV / Associates₹-288 cr
Net Profit₹3,650 cr
Net margin on total income31.3%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹682 cr6.0%
Finance costs₹1,087 cr9.5%
Depreciation & amortisation₹1,711 cr15.0%
Other expenses₹3,599 cr31.6%
Tax expense₹658 cr5.8%
Profit for the period₹3,650 cr32.1%
Total income ₹11,674 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue9,705 cr10,738 cr10,821 cr
Total income9,939 cr11,489 cr11,674 cr
Expenses6,283 cr7,938 cr7,079 cr
Profit before tax3,510 cr3,490 cr4,595 cr
Tax568 cr392 cr658 cr
Net profit (owners' share)3,054 cr1,239 cr3,620 cr
Net margin (owners' share, on revenue)31.5%11.5%33.5%
EPS (₹)14.0414.4515.71
YoY (latest quarter): total income +23.9% · net profit +6,773.7%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1.85 L cr
Shareholder equity
₹96,125 cr
parent shareholders
Total debt
₹55,103 cr
Cash
₹5,162 cr
Cash flow · H1 FY26
Operating
₹9,503 cr
Investing
₹-9,953 cr
Financing
₹421 cr
Peer comparison
Port & Port services · by market value
CompanyPriceMarket capP/E
Adani Ports and Special Economic Zone Limitedthis company₹1,738₹4.00 L cr27.7
JSW Infrastructure Limited₹327₹75,897 cr49.5
Gujarat Pipavav Port Limited₹163₹7,860 cr13.3
Allcargo Terminals Limited₹25₹642 cr25.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.43%
trailing 12 months
Dividend / share (TTM)
₹7.5
Last dividend
₹7.5
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹7.5 / share12 Jun 2026
Dividend₹7 / share13 Jun 2025
Dividend₹6 / share14 Jun 2024
Dividend₹5 / share28 Jul 2023
Dividend₹5 / share14 Jul 2022
Dividend₹5 / share24 Jun 2021
Who owns it · 2026-06-30
No pledge
Promoter
66.0%
FII / Foreign
15.6%
DII / Domestic
13.6%
Retail / others
4.8%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRESURGENT TRADE AND INVESTMENT LTD · Promoter Group20.00 L · ₹147.6 cr2 Jun 23
BoughtVikram Jaisinghani · Employees/Designated Employees1,000 · ₹5.5 L22 Feb 23
BoughtVikram Jaisinghani · Employees/Designated Employees1,000 · ₹5.7 L20 Feb 23
Bulk / block deals
short · NSE17 Sep 26
short · NSE914 Sep 26
short · NSE13 Sep 26
Stake changes
BoughtCarmichael Rail and Port Singapore HOlding Pvt Ltd · promoter→ 6.24% · 14.38 cr23 Dec 25
BoughtEmerging Market Investment DMCC · promoter→ 6.31% · 1.44 cr23 Dec 25
SoldLife Insurance Corporation of India→ 7.34% · 3.89 cr10 Dec 25
Promoter pledges
ReleasedShares released by Catalyst Trusteeship Ltd. which were pledged for the benefit of Tata Capital Financial Services Ltd.5.50 L · 8.49% held31 Mar 22
PledgedCatalyst Trusteeship Ltd. for original debentureholders being Barclays Merchant Bank (Singapore) Limited, Credit Suisse AG, Singapore Branch & Credit Suisse Finance (India) Pvt. Ltd.73.00 L · 8.92% held25 Feb 22
PledgedHero Fincorp Ltd18.00 L · 9.14% held4 Feb 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 2 Feb 2026
See the official result
1
Approval of material related party transaction(s) proposed to be entered into by Abbot Point Port Holdings Pte. Ltd., a wholly owned subsidiary of the Company, with related parties of the Company, during the financial year 2025-26.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
57.50 cr votes for, 35,103 against · 0% of mutual funds and other big investors said no
2
Approval of material related party transaction(s) proposed to be entered into by Adani Vizhinjam Port Private Limited, a wholly owned subsidiary of the Company with related party of the Company.
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 50%
55.53 cr votes for, 1.61 cr against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 66.0% between them · as of 2026-06-30
Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust)30.85%
Carmichael Rail And Port Singapore Holdings Pte. Ltd.6.24%
Adani Tradeline Private Limited6.00%
Emerging Market Investment Dmcc5.91%
Flourishing Trade And Investment Ltd5.40%
Afro Asia Trade And Investments Limited3.90%
Adani Rail Infra Private Limited3.07%
Resurgent Trade And Investment Ltd2.30%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹5,000 cr raised in May 2025 by private placement

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.