Adani Ports and Special Economic Zone (NSEI:ADANIPORTS) - Share price, News & Analysis

ADANIPORTS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	3/6
Financial Health	2/6
Dividends	4/6

ADANIPORTS Stock Overview

Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure facilities in India.

Rewards

Earnings are forecast to grow 20.63% per year

Earnings have grown 6.6% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Shareholders have been diluted in the past year

Adani Ports and Special Economic Zone Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Adani Ports and Special Economic Zone
Historical stock prices
Current Share Price	₹767.55
52 Week High	₹924.65
52 Week Low	₹638.10
Beta	0.79
1 Month Change	-12.20%
3 Month Change	7.94%
1 Year Change	-0.22%
3 Year Change	87.09%
5 Year Change	120.56%
Change since IPO	298.56%

Recent News & Updates

Apr 19

What Does Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) Share Price Indicate?

Today we're going to take a look at the well-established Adani Ports and Special Economic Zone Limited ( NSE:ADANIPORTS...

Mar 15

Here's Why I Think Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Might Deserve Your Attention Today

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Mar 02

These 4 Measures Indicate That Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Feb 17

Is Adani Ports and Special Economic Zone Limited (NSE:ADANIPORTS) Worth ₹734 Based On Its Intrinsic Value?

Does the February share price for Adani Ports and Special Economic Zone Limited ( NSE:ADANIPORTS ) reflect what it's...

Shareholder Returns

	ADANIPORTS	IN Infrastructure	IN Market
7D	8.7%	8.5%	3.4%
1Y	-0.2%	-0.8%	9.5%

Return vs Industry: ADANIPORTS matched the Indian Infrastructure industry which returned -0.8% over the past year.

Return vs Market: ADANIPORTS underperformed the Indian Market which returned 9.5% over the past year.

Price Volatility

Is ADANIPORTS's price volatile compared to industry and market?
ADANIPORTS volatility
ADANIPORTS Average Weekly Movement	6.2%
Infrastructure Industry Average Movement	6.7%
Market Average Movement	7.2%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: ADANIPORTS is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ADANIPORTS's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	2,773	Karan Adani	https://www.adaniports.com

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 12 ports and terminals with 64 berths to facilitate the handling of dry bulk, liquid cargo, crude oil, containers, ro-ro, and project cargo at Mundra, Hazira, Dahej, Dhamra, Vizag, Murmugao, Kattupalli, Ennore, Tuna, Krishnapatnam, Dighi, and Vizhinjam port locations.

Adani Ports and Special Economic Zone Fundamentals Summary

How do Adani Ports and Special Economic Zone's earnings and revenue compare to its market cap?
ADANIPORTS fundamental statistics
Market Cap	₹1.62t
Earnings (TTM)	₹49.92b
Revenue (TTM)	₹156.97b

32.5x

P/E Ratio

10.3x

P/S Ratio

Is ADANIPORTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADANIPORTS income statement (TTM)
Revenue	₹156.97b
Cost of Revenue	₹53.03b
Gross Profit	₹103.94b
Other Expenses	₹54.02b
Earnings	₹49.92b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 24, 2022

Earnings per share (EPS)	23.63
Gross Margin	66.22%
Net Profit Margin	31.80%
Debt/Equity Ratio	148.1%

How did ADANIPORTS perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Adani Ports and Special Economic Zone undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

32.48x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ADANIPORTS (₹767.55) is trading above our estimate of fair value (₹759.4)

Significantly Below Fair Value: ADANIPORTS is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ADANIPORTS is poor value based on its PE Ratio (32.5x) compared to the Indian Infrastructure industry average (18.7x).

PE vs Market: ADANIPORTS is poor value based on its PE Ratio (32.5x) compared to the Indian market (20.5x).

Price to Earnings Growth Ratio

PEG Ratio: ADANIPORTS is poor value based on its PEG Ratio (1.6x)

Price to Book Ratio

PB vs Industry: ADANIPORTS is overvalued based on its PB Ratio (5.2x) compared to the IN Infrastructure industry average (0.5x).

Future Growth

How is Adani Ports and Special Economic Zone forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

20.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADANIPORTS's forecast earnings growth (20.6% per year) is above the savings rate (6.7%).

Earnings vs Market: ADANIPORTS's earnings (20.6% per year) are forecast to grow faster than the Indian market (17.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADANIPORTS's revenue (14.9% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: ADANIPORTS's revenue (14.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ADANIPORTS's Return on Equity is forecast to be low in 3 years time (18.7%).

Past Performance

How has Adani Ports and Special Economic Zone performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

6.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADANIPORTS has high quality earnings.

Growing Profit Margin: ADANIPORTS's current net profit margins (31.8%) are lower than last year (34.1%).

Past Earnings Growth Analysis

Earnings Trend: ADANIPORTS's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: ADANIPORTS's earnings growth over the past year (23.5%) exceeds its 5-year average (6.6% per year).

Earnings vs Industry: ADANIPORTS earnings growth over the past year (23.5%) underperformed the Infrastructure industry 60.4%.

Return on Equity

High ROE: ADANIPORTS's Return on Equity (16.3%) is considered low.

Financial Health

How is Adani Ports and Special Economic Zone's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ADANIPORTS's short term assets (₹190.7B) exceed its short term liabilities (₹111.9B).

Long Term Liabilities: ADANIPORTS's short term assets (₹190.7B) do not cover its long term liabilities (₹419.0B).

Debt to Equity History and Analysis

Debt Level: ADANIPORTS's net debt to equity ratio (105.3%) is considered high.

Reducing Debt: ADANIPORTS's debt to equity ratio has increased from 126.9% to 148.1% over the past 5 years.

Debt Coverage: ADANIPORTS's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: ADANIPORTS's interest payments on its debt are well covered by EBIT (10.1x coverage).

Balance Sheet

Dividend

What is Adani Ports and Special Economic Zone current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ADANIPORTS's dividend (0.65%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: ADANIPORTS's dividend (0.65%) is low compared to the top 25% of dividend payers in the Indian market (1.6%).

Stability and Growth of Payments

Stable Dividend: ADANIPORTS's dividend payments have been volatile in the past 10 years.

Growing Dividend: ADANIPORTS's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.9%), ADANIPORTS's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (18.7%), ADANIPORTS's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure

CEO

Karan Adani (34 yo)

6.33yrs

Tenure

₹21,319,000

Compensation

Mr. Karan G. Adani has been the Chief Executive Officer of Adani Ports and Special Economic Zone Limited (APSEZL) of Adani Enterprises Limited since January 1, 2015 and previously served as its Executive D...

CEO Compensation Analysis

Compensation vs Market: Karan's total compensation ($USD273.99K) is below average for companies of similar size in the Indian market ($USD1.25M).

Compensation vs Earnings: Karan's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ADANIPORTS's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Experienced Board: ADANIPORTS's board of directors are considered experienced (7.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31