Adani Ports and Special Economic Zone Limited

NSEI:ADANIPORTS Stock Report

Market Cap: ₹2.5t

Adani Ports and Special Economic Zone Valuation

Is ADANIPORTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ADANIPORTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹683.16
Fair Value
67.8% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: ADANIPORTS (₹1146.1) is trading above our estimate of fair value (₹683.16)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADANIPORTS?

Key metric: As ADANIPORTS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADANIPORTS. This is calculated by dividing ADANIPORTS's market cap by their current earnings.
What is ADANIPORTS's PE Ratio?
PE Ratio24.5x
Earnings₹101.18b
Market Cap₹2.51t

Price to Earnings Ratio vs Peers

How does ADANIPORTS's PE Ratio compare to its peers?

The above table shows the PE ratio for ADANIPORTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.9x
JSWINFRA JSW Infrastructure
40.1x14.3%₹530.9b
GPPL Gujarat Pipavav Port
19.5x18.3%₹71.7b
INDIGO InterGlobe Aviation
27.7x21.6%₹1.7t
JITFINFRA JITF Infralogistics
88.3xn/a₹12.5b
ADANIPORTS Adani Ports and Special Economic Zone
24.5x14.0%₹2.5t

Price-To-Earnings vs Peers: ADANIPORTS is good value based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (43.9x).

Price to Earnings Ratio vs Industry

How does ADANIPORTS's PE Ratio compare vs other companies in the Asian Infrastructure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ADANIPORTS 24.5xIndustry Avg. 13.6xNo. of Companies19PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADANIPORTS is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the Asian Infrastructure industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is ADANIPORTS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADANIPORTS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio39.6x

Price-To-Earnings vs Fair Ratio: ADANIPORTS is good value based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (39.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADANIPORTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,146.10
₹1,576.43
+37.5%
8.5%₹1,870.00₹1,400.00n/a14
Jan ’26₹1,218.70
₹1,706.07
+40.0%
6.8%₹1,960.00₹1,500.00n/a15
Dec ’25₹1,190.05
₹1,741.40
+46.3%
5.6%₹2,000.00₹1,616.00n/a15
Nov ’25₹1,394.40
₹1,741.40
+24.9%
5.6%₹2,000.00₹1,616.00n/a15
Oct ’25₹1,467.50
₹1,751.33
+19.3%
6.7%₹2,000.00₹1,517.00n/a15
Sep ’25₹1,481.90
₹1,751.33
+18.2%
6.7%₹2,000.00₹1,517.00n/a15
Aug ’25₹1,590.15
₹1,626.20
+2.3%
8.5%₹1,910.00₹1,380.00n/a15
Jul ’25₹1,474.50
₹1,557.65
+5.6%
7.8%₹1,782.00₹1,290.00n/a17
Jun ’25₹1,437.40
₹1,534.71
+6.8%
7.0%₹1,782.00₹1,290.00n/a17
May ’25₹1,324.90
₹1,461.18
+10.3%
8.9%₹1,758.00₹1,204.00n/a17
Apr ’25₹1,375.90
₹1,451.94
+5.5%
9.1%₹1,758.00₹1,243.00n/a17
Mar ’25₹1,322.10
₹1,367.53
+3.4%
9.8%₹1,564.00₹939.00n/a17
Feb ’25₹1,218.85
₹1,194.82
-2.0%
16.6%₹1,430.00₹810.00₹1,084.1017
Jan ’25₹1,047.85
₹975.67
-6.9%
13.1%₹1,213.00₹800.00₹1,218.7018
Dec ’24₹827.80
₹929.22
+12.3%
8.7%₹1,140.00₹800.00₹1,190.0518
Nov ’24₹769.10
₹898.17
+16.8%
6.5%₹1,010.00₹800.00₹1,394.4018
Oct ’24₹825.15
₹884.50
+7.2%
5.7%₹972.00₹800.00₹1,467.5018
Sep ’24₹799.50
₹881.37
+10.2%
5.7%₹972.00₹800.00₹1,481.9019
Aug ’24₹765.35
₹837.57
+9.4%
8.2%₹972.00₹697.00₹1,590.1521
Jul ’24₹739.25
₹837.57
+13.3%
8.2%₹972.00₹697.00₹1,474.5021
Jun ’24₹732.05
₹842.81
+15.1%
9.5%₹1,025.00₹697.00₹1,437.4021
May ’24₹681.30
₹834.24
+22.4%
12.7%₹1,105.00₹640.00₹1,324.9021
Apr ’24₹631.90
₹831.29
+31.6%
13.1%₹1,105.00₹640.00₹1,375.9021
Mar ’24₹602.10
₹827.95
+37.5%
13.3%₹1,105.00₹640.00₹1,322.1021
Feb ’24₹495.15
₹952.30
+92.3%
10.0%₹1,156.00₹753.00₹1,218.8520
Analyst Price Target
Consensus Narrative from 14 Analysts
₹1.58k
Fair Value
27.3% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 12:07
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Adani Ports and Special Economic Zone Limited is covered by 46 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bharanidhar VijayakumarAvendus Spark
Vijayaraghavan SwaminathanAvendus Spark
Sumit KishoreAxis Capital Limited