Adani Ports &Special

₹734.8 -1.7 | 0.2%

WEBSITE BSE:532921 NSE : ADANI PORTS 09 Jun, 14:18

Market Cap ₹158727 Cr.

Stock P/E 30.0

P/B 3.5

Current Price ₹734.8

Book Value ₹ 211

Face Value 2

52W High ₹987.9

Dividend Yield 0.68%

52W Low ₹ 395

Edit Ratio

Adani Ports &Special Research see more...

Overview Inc. Year: 1998Industry: Port

Adani Ports and Special Economic Zone Ltd, together with its subsidiaries, develops, operates, and maintains port infrastructure facilities in India. It also engages in the ports related infrastructure improvement activities; and improvement of infrastructure at contiguous Special Economic Zone at Mundra. The enterprise operates 12 ports and terminals with 64 berths to facilitate the handling of dry bulk, liquid cargo, crude oil, packing containers, ro-ro, and task shipment at Mundra, Hazira, Dahej, Dhamra, Vizag, Murmugao, Kattupalli, Ennore, Tuna, Krishnapatnam, Dighi, and Vizhinjam port locations. It additionally presents car logistics, inland waterways, rail operation, warehousing, and agriculture logistics services, as well as operates multi-modal logistics parks; and gives capital, maintenance, and inland water dredging services. In addition, it's miles worried within the operation, improvement, upkeep, development, and extension of software offerings, including electricity distribution; provision of passenger airline, dredging, and warehousing / storage facilities and other associated services, as well as sanatorium and associated services; and possession and operation of harbour tugs, barges, other port crafts, ocean towage, and offshore support vessels, as well as gives marine services, along with pilotage, laying, and protection of buoys. The company was formerly known as Mundra Port and Special Economic Zone Limited and changed its name to Adani Ports and Special Economic Zone Limited in January 2012. Adani Ports and Special Economic Zone Limited become incorporated in 1998 and is established in Ahmedabad, India. Adani Ports and Special Economic Zone Limited was previously a subsidiary of Adani Enterprises Limited.

Adani Ports &Special Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Adani Ports &Special Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	3746	3608	4557	3532	3797	3845	4638	5211	4786	5797
Other Income	734	465	382	588	626	573	461	438	265	382
Total Income	4481	4072	4938	4120	4423	4418	5099	5649	5051	6179
Total Expenditure	1258	1297	2326	1326	1379	1986	2834	2320	2090	2526
Operating Profit	3222	2775	2613	2794	3043	2432	2266	3329	2962	3653
Interest	612	633	530	616	667	649	617	577	534	623
Depreciation	594	597	609	621	693	675	724	854	884	845
Exceptional Income / Expenses	0	0	0	-405	0	0	0	0	0	-1273
Profit Before Tax	2016	1546	1474	1152	1684	1108	925	1897	1544	912
Provision for Tax	436	218	171	219	261	137	-61	163	227	-222
Profit After Tax	1580	1327	1303	933	1423	970	986	1735	1317	1134
Adjustments	-19	-39	4	19	49	54	86	-57	-1	25
Profit After Adjustments	1561	1288	1307	952	1472	1024	1072	1677	1316	1159
Adjusted Earnings Per Share	7.7	6.3	6.4	4.7	7.2	4.8	5.1	7.9	6.1	5.4

Adani Ports &Special Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	2697	3577	4830	6152	7109	8439	11323	10925	11439	12550	15934	20432
Other Income	52	264	685	686	802	1318	1011	1405	2433	2685	2170	1546
Total Income	2749	3841	5514	6838	7911	9757	12334	12331	13872	15235	18105	21978
Total Expenditure	951	1201	1910	2250	2535	3025	4499	4334	5934	4566	7055	9770
Operating Profit	1798	2640	3604	4588	5376	6732	7835	7997	7938	10669	11049	12210
Interest	281	542	977	1175	1194	1393	1257	1428	1951	2255	2556	2351
Depreciation	316	422	649	912	1063	1160	1188	1373	1680	2107	2740	3307
Exceptional Income / Expenses	0	0	0	0	0	0	-155	-69	-59	0	-405	-1273
Profit Before Tax	1201	1677	1978	2501	3119	4179	5234	5126	4244	6292	5541	5278
Provision for Tax	93	123	237	177	283	287	1544	1081	459	1243	746	107
Profit After Tax	1108	1554	1741	2324	2837	3892	3690	4045	3785	5049	4795	5172
Adjustments	-6	70	-1	-10	61	19	-16	-55	-21	-54	-67	53
Profit After Adjustments	1102	1623	1740	2314	2897	3912	3674	3990	3763	4994	4728	5224
Adjusted Earnings Per Share	5.5	8.1	8.4	11.2	14	18.9	17.7	19.3	18.5	24.6	22.4	24.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	13%	14%	19%
Operating Profit CAGR	4%	11%	10%	20%
PAT CAGR	-5%	6%	4%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-0%	29%	14%	17%
ROE Average	14%	16%	17%	21%
ROCE Average	11%	12%	13%	13%

Adani Ports &Special Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	4815	6396	8768	10768	13505	17526	21069	24538	25623	30608	38250
Minority's Interest	135	142	144	159	124	139	150	210	220	1465	393
Borrowings	15446	10258	11288	13850	15820	17993	20629	19883	26181	32936	39691
Other Non-Current Liabilities	2273	1227	1777	1836	-163	-621	208	516	1273	2337	4413
Total Current Liabilities	3245	3012	2700	5469	7897	6556	4009	10352	7696	7121	10831
Total Liabilities	25914	21035	24677	32082	37183	41594	46065	55499	60994	74582	93883
Fixed Assets	18428	11382	13163	20527	20883	21054	22670	28121	32715	48291	56811
Other Non-Current Assets	5179	4518	5967	4677	9240	8633	9108	12747	13460	13383	19271
Total Current Assets	1986	5023	5445	6791	7060	11907	14287	14631	14820	12553	15903
Total Assets	25914	21035	24677	32082	37183	41594	46065	55499	60994	74582	93883

Adani Ports &Special Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	75	375	756	150	445	842	950	823	4798	7195	4201
Cash Flow from Operating Activities	1200	1379	1132	3057	2381	4063	5608	6029	7402	7556	9800
Cash Flow from Investing Activities	-13876	-4690	-2510	-2485	-4153	-2639	-3846	-4424	-750	-14143	-7212
Cash Flow from Financing Activities	12976	4211	773	-237	2170	-1325	-1889	2313	-4256	3514	2042
Net Cash Inflow / Outflow	300	900	-606	335	398	98	-127	3919	2396	-3073	4630
Closing Cash & Cash Equivalent	375	756	150	485	843	950	823	4798	7195	4201	8620

Adani Ports &Special Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	5.5	8.1	8.4	11.18	13.99	18.89	17.74	19.27	18.52	24.58	22.38
CEPS(Rs)	7.11	9.86	11.55	15.63	18.83	24.4	23.56	26.16	26.9	35.22	35.67
DPS(Rs)	1	1	1	1.1	1.1	1.3	2	0.2	3.2	5	5
Book NAV/Share(Rs)	22.42	31.36	41.85	51.58	65.21	84.63	101.74	118.49	126.12	150.65	181.08
Core EBITDA Margin(%)	64.75	66.43	60.44	63.43	64.34	64.16	60.27	60.33	48.12	63.62	55.72
EBIT Margin(%)	54.95	62.03	61.17	59.76	60.67	66.02	57.33	59.99	54.15	68.11	50.82
Pre Tax Margin(%)	44.52	46.88	40.95	40.66	43.88	49.52	46.23	46.92	37.1	50.14	34.78
PAT Margin (%)	41.08	43.44	36.05	37.78	39.9	46.12	32.59	37.02	33.09	40.23	30.09
Cash Profit Margin (%)	52.79	55.23	49.5	52.6	54.86	59.87	43.08	49.59	47.77	57.02	47.29
ROA(%)	6.25	6.62	7.62	8.19	8.19	9.88	8.42	7.97	6.5	7.45	5.69
ROE(%)	25.53	28.84	23.3	24.04	23.46	25.09	19.12	17.74	15.09	17.96	13.93
ROCE(%)	9.92	11.09	14.96	14.7	13.42	14.74	15.64	13.75	11.49	14.1	10.83
Receivable days	39.48	52.16	62.1	65.59	95.6	110.92	112.87	118.59	95.6	89.11	61.8
Inventory Days	7.54	8.52	10.1	12.72	12.09	18.79	18.98	22.17	17.47	18.62	15.73
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	23.46	17.12	22.31	27.55	17.71	17.99	19.99	19.62	13.57	28.59	34.58
Price/Book(x)	5.76	4.42	4.48	5.97	3.8	4.02	3.49	3.19	1.99	4.66	4.27
Dividend Yield(%)	0.77	0.72	0.53	0.36	0.44	0.38	0.56	0.05	1.27	0.71	0.65
EV/Net Sales(x)	15.7	10.79	10.61	13.15	10.18	10.74	8.19	9.14	6.45	13.79	12.48
EV/Core EBITDA(x)	23.54	14.61	14.22	17.63	13.46	13.46	11.83	12.49	9.3	16.22	17.99
Net Sales Growth(%)	34.86	32.6	35.03	27.38	15.55	18.72	34.17	-3.51	4.7	9.71	26.97
EBIT Growth(%)	26.61	49.67	33.18	24.43	17.32	29.19	16.5	0.97	-5.49	37.98	-5.26
PAT Growth(%)	20.93	40.21	12.07	33.51	22.03	37.21	-5.2	9.62	-6.43	33.4	-5.02
EPS Growth(%)	20.03	47.29	3.72	33.03	25.13	35.01	-6.08	8.62	-3.87	32.72	-8.94
Debt/Equity(x)	3.92	1.85	1.49	1.66	1.65	1.27	1.05	1.12	1.17	1.14	1.2
Current Ratio(x)	0.61	1.67	2.02	1.24	0.89	1.82	3.56	1.41	1.93	1.76	1.47
Quick Ratio(x)	0.59	1.64	1.96	1.19	0.87	1.72	3.43	1.34	1.89	1.62	1.43
Interest Cover(x)	5.27	4.09	3.02	3.13	3.61	4	5.16	4.59	3.18	3.79	3.17
Total Debt/Mcap(x)	0.68	0.42	0.33	0.28	0.44	0.32	0.3	0.35	0.59	0.24	0.28

Adani Ports &Special Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	63.74	63.74	63.79	63.83	63.83	65.55	66.02	66.02	65.13	61.03
FII	17.75	17.9	15.72	15.29	15.27	14.26	14.24	14.33	13.76	17.98
DII	15.75	14.9	14.86	15.85	15.9	15.35	15.08	15.38	14.49	13.04
Public	2.76	3.46	5.62	5.02	4.99	4.84	4.65	4.27	6.62	7.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	129.5	129.5	130.25	130.33	130.33	138.46	139.46	139.46	140.69	131.83
FII	36.06	36.37	32.1	31.22	31.19	30.12	30.09	30.28	29.71	38.84
DII	32	30.26	30.35	32.37	32.46	32.43	31.86	32.49	31.3	28.17
Public	5.62	7.04	11.48	10.25	10.19	10.23	9.83	9.02	14.31	17.17
Others	0	0	0	0	0	0	0	0	0	0
Total	203.18	203.18	204.18	204.18	204.18	211.24	211.24	211.24	216.01	216.01

Pros

Cons

Stock is trading at 3.5 times its book value.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.