Adani Ports & Special Economic Zone Ltd (ADANIPORTS) AI Stock Analysis

• Market Cap: ₹3.03T
• Dividend Yield: 0.5%
• Average Volume (3M): 111.88K
• Price to Earnings (P/E): 26.8
• Beta (1Y): 1.49
• Revenue Growth: 19.06%
• EPS Growth: 23.99%
• Country: IN
• Employees: 3,129
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): 15.34
• Shares Outstanding: 2,160,139,000
• 10 Day Avg. Volume: 106,684
• 30 Day Avg. Volume: 111,883
• PEG Ratio: 0.62
• Price to Book (P/B): 4.06
• Price to Sales (P/S): 8.33
• P/FCF Ratio: 27.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,628.00
• Price Target Upside: 16.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: ₹1,476.00 ▲(5.49% Upside)

Adani Ports & Special Economic Zone Ltd shows strong financial performance with consistent revenue growth and profitability, which is the most significant factor in its stock score. However, the technical analysis indicates bearish momentum, and the valuation suggests moderate pricing with a low dividend yield, which weigh down the overall score.

Adani Ports & Special Economic Zone Ltd Business Overview & Revenue Model

Company Description

Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure facilities in India. It also engages in the ports related infrastructure development activities; and development of infrastructure at contiguous Special Economic Zone at Mundra. The company operates 13 domestic ports, which handle dry cargo, liquid cargo, crude, and containers in Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha. In addition, the company operates rail, cold storage, warehouse, inland waterways, trucking, air freight stations, and logistics parks. Further, the company is involved in power distribution, generation, and transmission infrastructure business; gas distribution; and ownership and operation of harbor tugs, barges, port crafts, ocean towage, and offshore support vessel. Additionally, the company offers non-scheduled passenger airline, dredging, and hospital and related services; and marine services, such as pilotage, laying, and maintenance of buoys. The company as incorporated in 1998 and is headquartered in Ahmedabad, India.

How the Company Makes Money

Adani Ports & Special Economic Zone Ltd generates revenue primarily through port operations and logistics services. Key revenue streams include port handling charges, which are fees for loading and unloading cargo, and storage charges for keeping goods in the port facilities. Additionally, the company earns income from leasing land and infrastructure within its special economic zones to various industries. Significant partnerships with shipping lines, logistics companies, and government entities further bolster its revenue. The growth in international trade and the expansion of its port capacity also contribute to increased earnings.

Adani Ports & Special Economic Zone Ltd Financial Statement Overview

Summary

Adani Ports & Special Economic Zone Ltd demonstrates strong financial performance with robust revenue growth and profitability. The company has effectively managed its leverage, improving financial stability. However, attention to free cash flow variability and potential cost pressures is warranted.

Income Statement

Adani Ports & Special Economic Zone Ltd has demonstrated strong revenue growth with a 5.51% increase in the latest period, supported by robust gross and net profit margins of 66.93% and 36.40% respectively. The EBIT and EBITDA margins are also healthy, indicating efficient operations. However, the slight decline in EBITDA margin from the previous year suggests potential cost pressures.

Balance Sheet

The company maintains a solid balance sheet with a debt-to-equity ratio of 0.82, showing improved leverage management compared to previous years. Return on equity stands at 17.77%, reflecting effective use of equity capital. The equity ratio of 46.13% indicates a balanced asset structure, though the high total debt level remains a potential risk.

Cash Flow

Adani Ports exhibits strong cash flow management with significant free cash flow growth. The operating cash flow to net income ratio of 1.55 indicates robust cash generation relative to earnings. The free cash flow to net income ratio of 0.53 suggests good cash conversion, though the variability in free cash flow growth rates over the years highlights potential volatility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	326.45B	304.75B	267.11B	208.52B	171.19B	124.25B
Gross Profit	171.85B	202.19B	153.99B	162.50B	83.72B	87.13B
EBITDA	201.29B	200.95B	169.28B	114.57B	113.59B	105.43B
Net Income	112.94B	110.92B	81.11B	53.09B	48.86B	49.94B
Balance Sheet
Total Assets	0.00	1.35T	1.19T	1.15T	996.86B	754.64B
Cash, Cash Equivalents and Short-Term Investments	60.73B	60.98B	49.81B	63.53B	93.24B	58.31B
Total Debt	0.00	514.54B	491.67B	532.68B	473.54B	350.43B
Total Liabilities	-649.73B	703.59B	643.75B	678.46B	573.05B	433.90B
Stockholders Equity	649.73B	624.35B	529.45B	455.56B	419.88B	306.08B
Cash Flow
Free Cash Flow	0.00	91.77B	76.01B	28.08B	60.51B	52.04B
Operating Cash Flow	0.00	172.26B	150.18B	119.33B	98.00B	75.56B
Investing Cash Flow	0.00	-97.87B	-69.47B	-196.04B	-52.82B	-141.43B
Financing Cash Flow	0.00	-69.16B	-78.00B	-27.34B	-5.86B	35.14B

Adani Ports & Special Economic Zone Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1399.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIPORTS, the sentiment is Neutral. The current price of 1399.2 is below the 20-day moving average (MA) of 1407.46, above the 50-day MA of 1371.23, and above the 200-day MA of 1280.37, indicating a neutral trend. The MACD of 10.25 indicates Positive momentum. The RSI at 51.44 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ADANIPORTS.

Adani Ports & Special Economic Zone Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GPPL	76 Outperform	₹78.80B	20.13	―	5.04%	-2.68%	2.01%
SCI	72 Outperform	₹104.39B	11.52	―	2.94%	0.87%	13.45%
TCI	70 Outperform	₹92.77B	21.72	―	0.82%	11.32%	20.27%
CONCOR	69 Neutral	₹405.52B	31.26	―	2.39%	1.18%	1.88%
ADANIPORTS	69 Neutral	₹3.03T	26.80	―	0.50%	19.06%	23.99%
JSWINFRA	62 Neutral	₹631.15B	40.12	―	0.44%	20.43%	39.34%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Adani Ports & Special Economic Zone Ltd Corporate Events

Adani Ports Launches Logistics Park in Kochi, Boosting Kerala’s Industrial Growth

Adani Ports and Special Economic Zone Ltd (APSEZ) has commenced the development of the Adani Logistics Park in Kalamassery, Kochi, as part of the Invest in Kerala initiative. This 70-acre project, with an investment of over ₹600 crore, aims to transform Kerala into a logistics and industrial hub, enhancing export capabilities and supporting sectors like e-commerce, pharmaceuticals, and automotive. The park will feature sustainable and smart logistics solutions, creating over 1,500 jobs and fostering local economic growth. This development marks a significant milestone in APSEZ’s expansion into a fully integrated transport and logistics business, strengthening its presence in southern India and supporting local manufacturing and regional growth.

Adani Ports Announces Late Results of Cash Tender Offers

Adani Ports & Special Economic Zone Ltd announced the late results of its cash tender offers for its Senior Notes, aiming to purchase up to $450 million in aggregate principal amount across three different notes due in 2027 and 2029. This move is part of the company’s strategic financial management, potentially impacting its debt profile and providing insights into its liquidity management and market positioning.

Adani Ports Releases Q1 FY26 Earnings Call Transcript

Adani Ports & Special Economic Zone Ltd has released the transcript of its earnings call for the quarter ending June 30, 2025. This announcement provides insights into the company’s unaudited financial results, both standalone and consolidated, reflecting its operational performance and financial health during the specified period. Stakeholders and investors can access the detailed transcript for a comprehensive understanding of the company’s financial standing.

Adani Ports Reports Increased Cargo Volumes Despite Weather Challenges

Adani Ports & Special Economic Zone Ltd reported an 8% year-on-year increase in cargo volume for July 2025, reaching 40.2 million metric tons, driven by a 22% rise in container volumes. Year-to-date figures show a 10% increase in total cargo handled, despite adverse weather conditions affecting operations at the end of July, which may impact August’s performance.

Adani Ports Announces Early Results of Cash Tender Offers

Adani Ports and Special Economic Zone Ltd announced the early results of its cash tender offers to purchase up to $450 million in aggregate principal amount of its outstanding senior notes due in 2027 and 2029. This strategic financial move is aimed at managing the company’s debt profile, which could potentially enhance its financial stability and investor confidence.

Adani Ports Announces $450 Million Debt Repurchase Plan

Adani Ports & Special Economic Zone Ltd announced the approval of a tender offer to repurchase up to $450 million of its outstanding senior notes. This strategic move is aimed at optimizing the company’s debt profile and potentially improving its financial flexibility, reflecting a proactive approach in managing its financial obligations.

Adani Ports Launches $450 Million Cash Tender Offer for Debt Management

Adani Ports and Special Economic Zone Ltd announced the commencement of a cash tender offer to purchase up to $450 million in aggregate principal amount of its outstanding senior notes. This strategic move aims to manage the company’s debt profile effectively, potentially enhancing its financial stability and market position.

Adani Ports Conducts 26th AGM with E-Voting Facility

Adani Ports and Special Economic Zone Ltd held its 26th Annual General Meeting on June 24, 2025, through video conferencing. The company provided remote e-voting facilities for shareholders to participate in decision-making, with voting results to be submitted separately. This meeting underscores the company’s commitment to maintaining transparency and engaging with its stakeholders effectively.

Adani Ports Modernizes Governance with AOA Amendment

Adani Ports & Special Economic Zone Ltd announced an amendment to its Articles of Association, specifically the deletion of the Common Seal clause, following approval by shareholders at the Annual General Meeting. This change reflects a modernization of corporate governance practices, potentially streamlining operations and aligning with contemporary regulatory standards, which may positively impact the company’s operational efficiency and stakeholder relations.