Skip to main content
Swing Capital

Adani Ports & Special Economic Zone Ltd

NSE: ADANIPORTS BSE: 532921Infra

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.

₹1,774
52W: ₹1290 — ₹1824
PE 213 · Book ₹268 · +562% vs book
Market Cap₹4,08,699 Cr
Stock P/E213Price to Earnings
ROCE8.19%Return on Capital
ROE4.16%Return on Equity
Div. Yield0.43%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 77.5%

Weaknesses

  • −Stock is trading at 6.56 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 6.55% over last 3 years.
  • −Earnings include an other income of Rs.2,868 Cr.

Shareholding Pattern

Promoters68.02%
FIIs13.25%
DIIs13.86%
Public4.89%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.89%65.89%65.89%65.89%65.89%65.89%68.02%▲2.168.02%
FIIs15.19%15.22%▲0.013.94%▼1.313.43%▼0.513.53%▲0.113.61%▲0.113.1%▼0.513.25%▲0.2
DIIs12.48%13.26%▲0.814.2%▲0.914.73%▲0.515.15%▲0.415.03%▼0.113.89%▼1.113.86%▼0.0
Public6.44%5.62%▼0.85.96%▲0.35.94%▼0.05.46%▼0.55.48%▲0.04.99%▼0.54.89%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8871,9641,8901,8032,1822,1311,8392,0581,8622,773
Expenses7038328225365387206095425491,261
Operating Profit1,1841,1321,0681,2671,6441,4121,2291,5161,3131,511
OPM %63%58%57%70%75%66%67%74%71%55%
Net Profit525623776572409798505449425199
EPS ₹2.432.883.592.651.893.72.342.081.840.86

AI Insights

Revenue Trend

Mar 2026 revenue at ₹8,535Cr, up 7.9% YoY. OPM at 65%.

Debt Position

Borrowings at ₹48,004Cr. Debt-to-equity ratio: 0.78x. Moderate leverage.

Capex Cycle

CWIP at ₹1,136Cr (10% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 13.86% (+1.41pp change). FIIs: 13.25% (-3.74pp change). Promoters hold 68.02%.

Margin & Efficiency

ROCE declining from 14% (Mar 2015) to 8% (Mar 2026). Working capital days: -96.

Valuation

PE 213x with 8.19% ROCE. Price is 562% above book value of ₹268. Dividend yield: 0.43%.

Recent Announcements