Is Adani Ports and Special Economic Zone (NSE:ADANIPORTS) A Risky Investment?
Dec 13
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Indian (NIFTY) Infrastructure Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies17
- 7D-5.6%
- 3M-15.8%
- 1Y19.0%
- YTD17.5%
Over the last 7 days, the Infrastructure industry has dropped 5.6%, driven by a pullback from Adani Ports and Special Economic Zone of 6.2%. In contrast, Sical Logistics has gained 5.5%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ₹3.4t | ₹377.6b | ₹114.1b | 24.3x | 29.7x | 9x |
| Tue, 19 Nov 2024 | ₹3.6t | ₹377.7b | ₹114.0b | 23.1x | 31.3x | 9.4x |
| Thu, 17 Oct 2024 | ₹3.9t | ₹371.8b | ₹110.4b | 29.3x | 35.5x | 10.6x |
| Sat, 14 Sep 2024 | ₹4.1t | ₹370.8b | ₹110.4b | 33x | 36.7x | 10.9x |
| Mon, 12 Aug 2024 | ₹4.2t | ₹370.1b | ₹110.5b | 33.5x | 38x | 11.3x |
| Wed, 10 Jul 2024 | ₹4.1t | ₹361.4b | ₹101.0b | 37.1x | 41x | 11.5x |
| Fri, 07 Jun 2024 | ₹3.7t | ₹361.8b | ₹101.0b | 31.2x | 36.7x | 10.2x |
| Sun, 05 May 2024 | ₹3.6t | ₹362.6b | ₹93.0b | 36.5x | 38.6x | 9.9x |
| Tue, 02 Apr 2024 | ₹3.7t | ₹345.9b | ₹83.8b | 36.6x | 44x | 10.7x |
| Thu, 29 Feb 2024 | ₹3.5t | ₹345.9b | ₹83.8b | 36.8x | 42x | 10.2x |
| Sat, 27 Jan 2024 | ₹3.1t | ₹323.5b | ₹67.2b | 39x | 46.1x | 9.6x |
| Mon, 25 Dec 2023 | ₹2.8t | ₹323.3b | ₹67.6b | 31.8x | 42x | 8.8x |
| Wed, 22 Nov 2023 | ₹2.3t | ₹323.3b | ₹67.6b | 27.9x | 34.3x | 7.2x |
| Fri, 20 Oct 2023 | ₹2.2t | ₹306.3b | ₹67.0b | 22.7x | 33.2x | 7.3x |
| Sun, 17 Sep 2023 | ₹2.0t | ₹270.0b | ₹66.7b | 19.5x | 29.4x | 7.3x |
| Tue, 15 Aug 2023 | ₹1.8t | ₹263.1b | ₹66.1b | 17x | 27.6x | 6.9x |
| Thu, 13 Jul 2023 | ₹1.7t | ₹249.0b | ₹56.2b | 16.3x | 30x | 6.8x |
| Sat, 10 Jun 2023 | ₹1.7t | ₹248.6b | ₹55.3b | 17.4x | 30.7x | 6.8x |
| Mon, 08 May 2023 | ₹1.6t | ₹222.8b | ₹51.1b | 29x | 31x | 7.1x |
| Wed, 05 Apr 2023 | ₹1.5t | ₹222.8b | ₹51.1b | 26.6x | 28.6x | 6.6x |
| Fri, 03 Mar 2023 | ₹1.4t | ₹222.8b | ₹51.1b | 26.4x | 28.3x | 6.5x |
| Sun, 29 Jan 2023 | ₹1.4t | ₹213.1b | ₹52.9b | 22.6x | 26.1x | 6.5x |
| Tue, 27 Dec 2022 | ₹1.8t | ₹212.9b | ₹54.2b | 22.2x | 33.3x | 8.5x |
| Thu, 24 Nov 2022 | ₹2.0t | ₹207.6b | ₹53.7b | 23.8x | 36.9x | 9.5x |
| Sat, 22 Oct 2022 | ₹1.8t | ₹191.1b | ₹44.5b | 25.4x | 40.9x | 9.5x |
| Mon, 19 Sep 2022 | ₹2.1t | ₹192.2b | ₹44.5b | 24.4x | 46.7x | 10.8x |
| Wed, 17 Aug 2022 | ₹1.8t | ₹190.6b | ₹44.2b | 18.7x | 40.9x | 9.5x |
| Fri, 15 Jul 2022 | ₹1.6t | ₹189.2b | ₹45.8b | 18.9x | 34.8x | 8.4x |
| Sun, 12 Jun 2022 | ₹1.6t | ₹203.3b | ₹48.1b | 19.1x | 34x | 8x |
| Tue, 10 May 2022 | ₹1.8t | ₹199.7b | ₹51.9b | 20.3x | 34.2x | 8.9x |
| Thu, 07 Apr 2022 | ₹2.0t | ₹199.3b | ₹51.6b | 29.8x | 39x | 10.1x |
| Sat, 05 Mar 2022 | ₹1.7t | ₹199.3b | ₹51.6b | 25.2x | 32.6x | 8.4x |
| Mon, 31 Jan 2022 | ₹1.6t | ₹196.7b | ₹52.3b | 22.1x | 29.8x | 7.9x |
| Wed, 29 Dec 2021 | ₹1.6t | ₹196.7b | ₹52.3b | 22.5x | 30.5x | 8.1x |
Price to Earnings Ratio
30.5x
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 29.7x which is lower than its 3-year average PE of 35.5x.
- 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 30% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -4.25% | |
| Industrials | -5.27% | |
| Infrastructure | -5.60% | |
| Airport Services | -2.50% | |
| Highways and Railtracks | -3.40% | |
| Marine Ports and Services | -5.63% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 4.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 4.9% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 520086 Sical Logistics | ₹143.80 | 5.5% +₹492.6m | -37.2% | PS5.2x | |
| 543391 Suyog Gurbaxani Funicular Ropeways | ₹253.95 | 7.3% +₹430.1m | 176.0% | PE222.8x | |
| ABSMARINE ABS Marine Services | ₹208.50 | 3.9% +₹193.9m | n/a | PE21.7x | |
| NAVKARCORP Navkar | ₹157.96 | 0.2% +₹36.1m | 51.5% | PS4.8x |
