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Adani Ports and Special Economic Zone Limited

ADANIPORTSNSE
Market snapshot · 2026-08-12 20:31 UTC

1,665.00

₹-3.20 (-0.19%)

MARKET CAP

₹3.84L Cr

STOCK P/E

28.4x

52W HIGH

₹1,891.10

52W LOW

₹1,290.50

BOOK VALUE

₹416.50

EPS

₹58.55

ROE

SECTOR

Industrials

DEBT/EQUITY

64.05

VOLUME

14.94L

P/B RATIO

4.00x

PEG RATIO

11.85

Sector

Industrials

Themes

PortsAdani GroupLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹1,874.20₹1,729.36₹1,584.52₹1,439.68₹1,294.84VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Adani Ports is an infrastructure company operating ports, terminals, logistics, and Mundra’s contiguous Special Economic Zone. Bulk, container, liquid, crude, LPG/LNG, and dry-bulk cargo handling drive port revenue, while rail, parks, warehousing, auto, road, and agri logistics extend monetisation. Cargo volumes rose 33% year-on-year in February, supporting 27.1% revenue growth and improving asset utilisation. Profit growth of 15.5% lagged revenue, while stable margins indicate limited operating leverage. ROE is unavailable, but debt/equity of 64.05 implies substantial leverage and potential pressure on equity returns. At 28.4 times earnings, valuation is broadly fair against the sector, despite positive sentiment and growth expectations. The key open question is whether proposed Gujarat port investments can proceed without regulatory or project-execution delays.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ADANIPORTS.

24.00 analysts

Price Forecast

Current
₹1,665
High Target
₹2,200
▲ +32.1%
Median Target
₹2,035
▲ +22.2%
Low Target
₹1,766
▲ +6.1%
Now₹1,665High ₹2,200Median ₹2,035Low ₹1,766Aug '25Now12M Target
Price history (1Y)
Analyst target range
24 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,462 - ₹2,06880%
6M₹1,421 - ₹2,32180%
12M₹1,400 - ₹2,80280%
Realized vol: +27.1% · Drift: +21.0%

Revenue Forecast

₹ Cr
Jun '26Current₹2,244.0
Sep 2026 ETrend estimate range
High₹2,500.4Base₹2,315.1Low₹2,129.9
Sep '25: ₹2,058.0 · Dec '25: ₹1,862.0 · Mar '26: ₹2,773.0 · Jun '26: ₹2,244.0 · Sep '26: ₹2,315.1 · Dec '26: ₹2,094.7
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,058.01,862.02,773.02,244.02,315.12,094.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹6.76
Sep 2026 ETrend estimate range
High₹2.84Base₹2.53Low₹2.23
Sep '25: ₹2.08 · Dec '25: ₹1.84 · Mar '26: ₹0.86 · Jun '26: ₹6.76 · Sep '26: ₹2.53 · Dec '26: ₹2.24
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2.081.840.866.762.532.24
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
68%
Analyst Consensus
Positive

From 24 analysts

Mean upside+22.1%

Fundamentals

Strong

Fundamentals institutional score is 94 using growth durability 94.3.

Valuation

Fairly valued

Valuation institutional score is 58 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 82 using mean target upside 22.1%; dispersion penalty 8.5; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 40 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 5 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,033.2 target
Mean Upside+22.1%
Technical Score40%
Fundamental Score94%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 22.7% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.34). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹78.16. Applying the stock's normalized valuation corridor produces a fair range of ₹1,574.14 to ₹1,964.16, with base value near ₹1,811.75 (+8.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹78.16

Forward P/E

21.3x

Base Fair Value

₹1,811.75

Fair Range

₹1,574.14 - ₹1,964.16

Upside To Base

+8.8%

Estimate Source

Live forward EPS

Growth Estimate

+2.4%

P/E
Strongly Overvalued

5Y Average

18.74

Current

28.44

Overvalued

25.13

Undervalued

20.14

EV/EBITDA
Strongly Overvalued

5Y Average

12.52

Current

19.01

Overvalued

16.20

Undervalued

8.59

P/B
Strongly Undervalued

5Y Average

4.86

Current

4.00

Overvalued

5.59

Undervalued

4.13

Peers & Comparison

Sector: Industrials · Theme: Ports

Ports Peers8 peers
Avg P/E: 44.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.3x
Fair
-15% vs avg
+40.0%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.6x
Undervalued
-67% vs avg
+49.8%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
30.2x
Undervalued
-33% vs avg
-3.9%
HCL TECHNOLOGIES LTD
HCLTECHIT Services & Consulting
+3.0%13.0%
21.2x
Undervalued
-53% vs avg
-9.0%
BAJAJ AUTO LIMITED
BAJAJ-AUTOTwo Wheelers
+64.0%16.3%
27.8x
Undervalued
-38% vs avg
+42.1%
CG POWER AND IND SOL LTD
CGPOWERHeavy Electrical Equipments
+14.0%9.8%
112.0x
Premium
+149% vs avg
+31.4%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
51.2x
Fair
+14% vs avg
+44.4%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
63.8x
Premium
+42% vs avg
+12.1%
WHY THESE PEERS

ADANI PORT & SEZ LTD trades at a discount (28.4x vs peer avg 44.9x), suggesting potential undervaluation relative to the Ports cohort. Peers include EICHER MOTORS LTD, HINDALCO INDUSTRIES LTD, DR. REDDY S LABORATORIES — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.24K CrJun 2026

Latest net profit

₹1.56K CrJun 2026

Latest EPS

₹6.76Jun 2026

Net margin

71.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%20.0%40.0%60.0%80.0%0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr30.00K Cr60.00K Cr90.00K Cr1.20L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,4271,5301,8871,9641,8901,8032,1822,1311,8392,0581,8622,7732,244
Expenses +4518487038328225365387206495425491,261660
Operating Profit9766811,1841,1321,0681,2671,6441,4121,1901,5161,3131,5111,585
OPM %68%45%63%58%57%70%75%66%65%74%71%55%71%
Other Income +4504165885248525405214955951,0334977431,260
Interest6836197946676647711,4026057521,8741,0282,005779
Depreciation160165168162164163163170163166166192182
Profit before tax5833138108261,0928725991,131870509616571,884
Tax %32%37%35%25%29%34%32%29%31%12%31%-250%17%
Net Profit +3941965256237765724097985974494251991,557
EPS in Rs1.820.912.432.883.592.651.893.702.762.081.840.866.76
Raw PDF
YOY Sales Growth %13.72%25.33%36.89%41.90%32.51%17.83%15.66%8.54%-2.73%14.16%-14.65%30.09%22.04%
Employee Cost %6.05%4.66%3.49%5.58%4.66%4.38%3.23%2.97%4.68%3.48%3.39%4.61%2.52%
Exceptional items0000000000-76-790
Other income normal4504165885248525405214955951,0335728221,260
Exceptional items AT0000000000-52-790
Profit excl Excep3941965256237765724097985974494772781,557
Profit for PE3941965256237765724097985974494772781,557
Profit for EPS3941965256237765724097985974494251991,557
YOY Profit Growth %202%166%4,510%-64%97%192%-22%28%-23%-21%17%-65%161%

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +65.89%65.89%68.02%68.02%66.03%
FIIs +13.53%13.61%13.10%13.25%15.58%
DIIs +15.15%15.03%13.89%13.86%13.60%
Public +5.46%5.48%4.99%4.89%4.79%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Update On ESG Rating

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 06, 2026PDFCompany Reports Open

Operational Performance Update

Aug 03, 2026PDFCompany Reports Open

Transcript Of Earnings Call Pertaining To The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended June 30, 2026

Aug 03, 2026PDFCompany Reports Open