Adani Ports and Special Economic Zone
Market Cap
₹880.1b
Last Updated
2020/12/02 12:18 UTC
Data Sources
Company Financials +
Executive Summary
Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure facilities in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Share Price & News
How has Adani Ports and Special Economic Zone's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADANIPORTS is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ADANIPORTS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
9.8%
ADANIPORTS
6.5%
IN Infrastructure
1.2%
IN Market
1 Year Return
19.1%
ADANIPORTS
16.3%
IN Infrastructure
10.4%
IN Market
Return vs Industry: ADANIPORTS exceeded the Indian Infrastructure industry which returned 16.3% over the past year.
Return vs Market: ADANIPORTS exceeded the Indian Market which returned 10.4% over the past year.
Shareholder returns
| ADANIPORTS | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.8% | 6.5% | 1.2% |
| 30 Day | 22.8% | 16.2% | 12.1% |
| 90 Day | 19.7% | 15.6% | 12.6% |
| 1 Year | 20.4%19.1% | 17.8%16.3% | 12.4%10.4% |
| 3 Year | 15.5%13.6% | 3.2%0.6% | 10.0%4.6% |
| 5 Year | 84.0%79.6% | 45.8%39.3% | 59.8%47.8% |
Long-Term Price Volatility Vs. Market
How volatile is Adani Ports and Special Economic Zone's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Our Take On The Returns On Capital At Adani Ports and Special Economic Zone (NSE:ADANIPORTS)2 weeks ago | Simply Wall St
Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Seems To Use Debt Quite SensiblyValuation
Is Adani Ports and Special Economic Zone undervalued compared to its fair value and its price relative to the market?
23.24x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ADANIPORTS (₹438.2) is trading above our estimate of fair value (₹372.14)
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 (23.2x) compared to the IN Infrastructure industry average (22.5x).
PE vs Market: ADANIPORTS is poor value based on its PE Ratio (23.2x) compared to the Indian market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: ADANIPORTS is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ADANIPORTS is overvalued based on its PB Ratio (3.2x) compared to the IN Infrastructure industry average (0.3x).
Next Steps
Future Growth
How is Adani Ports and Special Economic Zone forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
18.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADANIPORTS's forecast earnings growth (18.5% per year) is above the savings rate (7.2%).
Earnings vs Market: ADANIPORTS's earnings (18.5% per year) are forecast to grow slower than the Indian market (24.5% per year).
High Growth Earnings: ADANIPORTS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ADANIPORTS's revenue (17.4% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: ADANIPORTS's revenue (17.4% 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 (17.4%).
Next Steps
Past Performance
How has Adani Ports and Special Economic Zone performed over the past 5 years?
7.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADANIPORTS has high quality earnings.
Growing Profit Margin: ADANIPORTS's current net profit margins (34.8%) are lower than last year (41.4%).
Past Earnings Growth Analysis
Earnings Trend: ADANIPORTS's earnings have grown by 7.1% per year over the past 5 years.
Accelerating Growth: ADANIPORTS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ADANIPORTS had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Infrastructure industry average (-56.4%).
Return on Equity
High ROE: ADANIPORTS's Return on Equity (13.7%) is considered low.
Next Steps
Financial Health
How is Adani Ports and Special Economic Zone's financial position?
Financial Position Analysis
Short Term Liabilities: ADANIPORTS's short term assets (₹227.9B) exceed its short term liabilities (₹70.5B).
Long Term Liabilities: ADANIPORTS's short term assets (₹227.9B) do not cover its long term liabilities (₹364.1B).
Debt to Equity History and Analysis
Debt Level: ADANIPORTS's debt to equity ratio (124.4%) is considered high.
Reducing Debt: ADANIPORTS's debt to equity ratio has reduced from 186.7% to 124.4% over the past 5 years.
Debt Coverage: ADANIPORTS's debt is well covered by operating cash flow (20.8%).
Interest Coverage: ADANIPORTS's interest payments on its debt are well covered by EBIT (41x coverage).
Balance Sheet
Next Steps
Dividend
What is Adani Ports and Special Economic Zone current dividend yield, its reliability and sustainability?
0.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ADANIPORTS's dividend (0.73%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).
High Dividend: ADANIPORTS's dividend (0.73%) is low compared to the top 25% of dividend payers in the Indian market (2.07%).
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.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17%), ADANIPORTS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADANIPORTS's dividends in 3 years are forecast to be well covered by earnings (18.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Karan Adani (33 yo)
4.92yrs
Tenure
₹20,000,000
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 ($USD272.04K) is below average for companies of similar size in the Indian market ($USD945.49K).
Compensation vs Earnings: Karan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 14.33yrs | ₹28.00m | 0% ₹ 0 | |
| CEO & Whole Time Director | 4.92yrs | ₹20.00m | no data | |
| Head of Strategy & CFO | 2.58yrs | ₹70.69m | no data | |
| Company Secretary & Compliance Officer | 2.33yrs | ₹3.03m | 0% ₹ 0 | |
| Whole-Time Director | 11.58yrs | ₹112.09m | no data | |
| Chief Information Officer | no data | no data | no data | |
| Head of Legal | no data | no data | no data | |
| President of Business Development | no data | ₹7.93m | no data | |
| General Manager of Marketing & Business Development | no data | ₹70.00k | no data | |
| Head of Human Resources | no data | no data | no data | |
| Director of Ports | no data | no data | no data | |
| Chief Executive Officer of Southern Region | no data | no data | no data |
3.8yrs
Average Tenure
57yo
Average Age
Experienced Management: ADANIPORTS's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 14.33yrs | ₹28.00m | 0% ₹ 0 | |
| CEO & Whole Time Director | 4.92yrs | ₹20.00m | no data | |
| Whole-Time Director | 11.58yrs | ₹112.09m | no data | |
| Non-Executive Independent Director | 1.17yrs | ₹900.00k | no data | |
| Additional Independent Non-Executive Director | 0.42yr | no data | no data | |
| Non-Independent & Non-Executive Director | 22.58yrs | ₹1.10m | 0.0015% ₹ 13.0m | |
| Independent Non-Executive Director | 8.58yrs | ₹2.15m | no data | |
| Independent Non-Executive Director | 8.17yrs | ₹2.10m | no data | |
| Additional Non-Executive & Independent Director | 1.67yrs | ₹1.68m | no data | |
| Additional Non-Executive & Non-Independent Director | 0.25yr | no data | no data |
5.9yrs
Average Tenure
58yo
Average Age
Experienced Board: ADANIPORTS's board of directors are considered experienced (5.9 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Adani Ports and Special Economic Zone Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Adani Ports and Special Economic Zone Limited
- Ticker: ADANIPORTS
- Exchange: NSEI
- Founded: 1998
- Industry: Marine Ports and Services
- Sector: Transportation
- Market Cap: ₹880.053b
- Shares outstanding: 2.03b
- Website: https://www.adaniports.com
Number of Employees
Location
- Adani Ports and Special Economic Zone Limited
- Adani Corporate House
- Shantigram
- Ahmedabad
- Gujarat
- 382421
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532921 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 2007 |
| ADANIPORTS | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 2007 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 12:18 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.