Calculating The Fair Value Of Adani Ports and Special Economic Zone Limited (NSE:ADANIPORTS)
Nov 05
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Indian (NIFTY) Infrastructure Industry Analysis
UpdatedNov 05, 2025
DataAggregated Company Financials
Companies19
- 7D1.4%
- 3M4.2%
- 1Y4.2%
- YTD10.6%
Over the last 7 days, the Infrastructure industry has risen 1.4%, driven by gains from Adani Ports and Special Economic Zone of 1.9%. This takes the industry's 12 month performance to a gain of 4.2%. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Indian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | ₹3.9t | ₹455.0b | ₹140.3b | 17.5x | 27.9x | 8.6x |
| Fri, 03 Oct 2025 | ₹3.9t | ₹442.8b | ₹136.2b | 16.4x | 28.6x | 8.8x |
| Sun, 31 Aug 2025 | ₹3.6t | ₹443.9b | ₹135.7b | 17.2x | 26.5x | 8.1x |
| Tue, 29 Jul 2025 | ₹3.8t | ₹415.4b | ₹133.3b | 16.4x | 28.2x | 9.1x |
| Thu, 26 Jun 2025 | ₹3.8t | ₹413.0b | ₹132.2b | 19.2x | 28.9x | 9.2x |
| Sat, 24 May 2025 | ₹3.8t | ₹413.2b | ₹129.0b | 20.9x | 29.2x | 9.1x |
| Mon, 21 Apr 2025 | ₹3.5t | ₹392.8b | ₹117.3b | 19.2x | 29.7x | 8.9x |
| Wed, 19 Mar 2025 | ₹3.2t | ₹390.9b | ₹117.1b | 16.5x | 27.2x | 8.2x |
| Fri, 14 Feb 2025 | ₹3.0t | ₹391.1b | ₹117.3b | 18.6x | 25.9x | 7.8x |
| Sun, 12 Jan 2025 | ₹3.2t | ₹377.6b | ₹114.1b | 23.8x | 28.2x | 8.5x |
| Tue, 10 Dec 2024 | ₹3.6t | ₹377.6b | ₹114.1b | 25.9x | 31.8x | 9.6x |
| Thu, 07 Nov 2024 | ₹3.8t | ₹377.7b | ₹114.0b | 29x | 33.6x | 10.1x |
| Sat, 05 Oct 2024 | ₹4.0t | ₹371.4b | ₹110.5b | 29.5x | 35.8x | 10.7x |
| Mon, 02 Sep 2024 | ₹4.1t | ₹370.8b | ₹110.4b | 32x | 37.1x | 11x |
| Wed, 31 Jul 2024 | ₹4.3t | ₹362.4b | ₹100.7b | 36.2x | 42.5x | 11.8x |
| Fri, 28 Jun 2024 | ₹4.1t | ₹361.0b | ₹101.0b | 36.8x | 40.4x | 11.3x |
| Sun, 26 May 2024 | ₹3.8t | ₹361.9b | ₹93.0b | 35.7x | 41.3x | 10.6x |
| Tue, 23 Apr 2024 | ₹3.5t | ₹346.3b | ₹83.8b | 36.2x | 42.1x | 10.2x |
| Thu, 21 Mar 2024 | ₹3.4t | ₹345.9b | ₹83.8b | 34x | 40.1x | 9.7x |
| Sat, 17 Feb 2024 | ₹3.5t | ₹345.9b | ₹83.8b | 37x | 41.6x | 10.1x |
| Mon, 15 Jan 2024 | ₹3.2t | ₹323.3b | ₹67.7b | 38.8x | 47.8x | 10x |
| Wed, 13 Dec 2023 | ₹2.9t | ₹323.3b | ₹67.6b | 32.3x | 43x | 9x |
| Fri, 10 Nov 2023 | ₹2.3t | ₹308.7b | ₹68.2b | 21.9x | 33.8x | 7.5x |
| Sun, 08 Oct 2023 | ₹2.3t | ₹302.6b | ₹75.4b | 22x | 30.2x | 7.5x |
| Tue, 05 Sep 2023 | ₹1.9t | ₹262.9b | ₹66.2b | 19.5x | 28x | 7.1x |
| Thu, 03 Aug 2023 | ₹1.8t | ₹250.3b | ₹56.3b | 18.3x | 31.5x | 7.1x |
| Sat, 01 Jul 2023 | ₹1.7t | ₹249.0b | ₹56.2b | 16.5x | 30.6x | 6.9x |
| Mon, 29 May 2023 | ₹1.7t | ₹224.5b | ₹53.7b | 30.8x | 31.3x | 7.5x |
| Wed, 26 Apr 2023 | ₹1.6t | ₹222.8b | ₹51.1b | 28.5x | 30.4x | 7x |
| Fri, 24 Mar 2023 | ₹1.5t | ₹222.8b | ₹51.1b | 27.8x | 29.7x | 6.8x |
| Sun, 19 Feb 2023 | ₹1.3t | ₹222.8b | ₹51.1b | 24.5x | 26.4x | 6x |
| Tue, 17 Jan 2023 | ₹1.8t | ₹212.9b | ₹54.2b | 23.8x | 33.2x | 8.4x |
| Thu, 15 Dec 2022 | ₹2.0t | ₹212.9b | ₹54.2b | 27x | 37.7x | 9.6x |
| Sat, 12 Nov 2022 | ₹2.0t | ₹197.1b | ₹53.1b | 27.7x | 38.2x | 10.3x |
Price to Earnings Ratio
38.2x
Current Industry PE
- Investors are pessimistic on the Indian Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 27.9x which is lower than its 3-year average PE of 33.2x.
- The industry is trading close to its 3-year average PS ratio of 8.8x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 32% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | -0.28% | |
| Industrials | 0.80% | |
| Infrastructure | 1.43% | |
| Marine Ports and Services | 1.44% | |
| Highways and Railtracks | 0.59% | |
| Airport Services | 0.20% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry, which is trading close to its 3-year average PE ratio of 32.1x.
- Analysts expect its future annual earnings growth (14.5%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Highways and Railtracks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 5.0% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone | ₹1.44k | 1.9% +₹57.2b | 8.7% | PE27.6x | |
| GMRAIRPORT GMR Airports | ₹95.16 | 2.7% +₹26.1b | 21.3% | PS9x | |
| 523618 Dredging Corporation of India | ₹908.30 | 40.2% +₹7.3b | -12.9% | PS2.1x | |
| GPPL Gujarat Pipavav Port | ₹162.78 | 2.4% +₹1.8b | -15.7% | PE20.1x | |
| 520086 Sical Logistics | ₹100.00 | 6.3% +₹388.2m | -33.5% | PS2.4x |
