Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.
Largest port operator in IndiaThe company is the largest private port operator, having 15 ports with a total cargo handling capacity of 633 MMT. It also operates ports in Haifa (Israel), Dar es Salaam (Tanzania), and Colombo (Sri Lanka).[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Adani Ports | 1505.60 | 157.62 | 325230.52 | 0.46 | 449.47 | -21.44 | 2057.84 | 14.16 | 8.85 | 8208.57 | 64.57 | 2063.39 | 449.47 | 10.89 | 3.42 | 1.92 |
| 2. | JSW Infrast | 268.45 | 35.57 | 56374.54 | 0.30 | 368.81 | -2.76 | 1265.59 | 26.39 | 13.92 | 4954.45 | 48.80 | 1585.05 | 361.24 | 5.52 | 9.55 | 0.52 |
| 3. | Guj Pipavav Port | 185.88 | 20.90 | 8986.18 | 4.41 | 158.31 | 37.83 | 299.35 | 31.85 | 24.89 | 1064.46 | 58.38 | 429.87 | 126.11 | 4.13 | 14.85 | 0.02 |
| 4. | Allcargo Termi | 25.91 | 23.75 | 754.45 | 0.00 | 11.30 | -3.44 | 207.16 | 6.29 | 11.59 | 767.68 | 18.36 | 31.76 | 11.30 | 2.45 | 3.75 | 2.09 |
| 5. | VMS Industries | 28.63 | 10.98 | 70.07 | 1.75 | 0.47 | -34.72 | 42.58 | -56.31 | 12.14 | 167.88 | 3.43 | 6.38 | 0.47 | 0.72 | 4.21 | 0.25 |
| 6. | Starlog Enterp. | 38.74 | – | 57.98 | 0.00 | -3.45 | -275.96 | 2.03 | -39.58 | -2.00 | 12.91 | -18.28 | -5.96 | -2.70 | 0.82 | -2.01 | 0.01 |
| – | Median: 4 Co. | 227.16 | 29.66 | 32680.36 | 0.38 | 263.56 | -3.1 | 782.47 | 20.27 | 12.75 | 3009.45 | 53.59 | 1007.46 | 243.68 | 4.82 | 6.65 | 1.22 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,378 | 1,887 | 2,182 | 1,427 | 1,890 | 1,839 | 1,384 | 1,964 | 2,130 | 1,221 | 1,530 | 1,803 | 2,058 |
Expenses | 980 | 703 | 1,092 | 451 | 822 | 609 | 391 | 832 | 665 | 1,399 | 848 | 536 | 542 |
Operating Profit | 398 | 1,184 | 1,090 | 976 | 1,068 | 1,229 | 993 | 1,132 | 1,465 | -179 | 681 | 1,267 | 1,516 |
Other Income | 428 | 588 | 521 | 450 | 852 | 589 | -100 | 524 | 495 | 515 | 416 | 540 | 1,033 |
Profit before tax | 23 | 810 | 599 | 583 | 1,092 | 734 | -4 | 826 | 995 | -451 | 313 | 872 | 509 |
Tax % | 51% | 35% | 32% | 32% | 29% | 31% | -5,299% | 25% | 30% | -34% | 37% | 34% | 12% |
Net Profit | 11 | 525 | 409 | 394 | 776 | 505 | 192 | 623 | 700 | -298 | 196 | 572 | 449 |
EPS in Rs | 0.05 | 2.43 | 1.89 | 1.82 | 3.59 | 2.34 | 0.89 | 2.88 | 3.24 | -1.41 | 0.91 | 2.65 | 2.08 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 4,350 | 3,909 | 4,619 | 4,879 | 6,534 | 5,336 | 4,643 | 4,377 | 4,206 | 5,237 | 6,807 | 7,911 | 8,209 |
Expenses | 1,612 | 1,302 | 1,312 | 1,332 | 2,025 | 1,550 | 1,628 | 1,506 | 1,653 | 1,966 | 2,382 | 2,601 | 2,908 |
Operating Profit | 2,738 | 2,607 | 3,307 | 3,547 | 4,509 | 3,787 | 3,016 | 2,871 | 2,553 | 3,271 | 4,425 | 5,309 | 5,300 |
Other Income | 682 | 738 | 1,173 | 1,285 | 1,310 | 2,218 | 3,030 | 2,985 | 1,012 | -1,006 | 1,526 | 1,855 | 2,638 |
Interest | 754 | 709 | 854 | 998 | 1,519 | 1,867 | 3,460 | 2,327 | 2,494 | 2,680 | 2,763 | 2,944 | 4,437 |
Depreciation | 456 | 489 | 519 | 541 | 471 | 474 | 553 | 619 | 600 | 613 | 656 | 661 | 662 |
Profit before tax | 2,210 | 2,148 | 3,106 | 3,293 | 3,829 | 3,664 | 2,032 | 2,910 | 472 | -1,028 | 2,532 | 3,560 | 2,838 |
Net Profit | 2,016 | 2,183 | 2,964 | 3,101 | 2,408 | 2,638 | 1,934 | 1,928 | 148 | -479 | 1,738 | 2,457 | 2,063 |
EPS in Rs | 9.74 | 10.55 | 14.31 | 14.97 | 11.63 | 12.74 | 9.52 | 9.49 | 0.70 | -2.22 | 8.05 | 11.37 | 9.55 |
Dividend Payout % | 10% | 10% | 8% | 9% | 17% | 2% | 34% | 53% | 716% | -225% | 75% | 62% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 414 | 414 | 414 | 414 | 414 | 414 | 406 | 406 | 422 | 432 | 432 | 432 | 432 |
Reserves | 8,919 | 10,786 | 13,152 | 16,451 | 17,703 | 19,912 | 19,292 | 21,228 | 29,422 | 28,104 | 28,756 | 29,838 | 29,445 |
Borrowings | 8,960 | 11,768 | 15,508 | 20,207 | 20,285 | 25,160 | 29,066 | 34,118 | 45,075 | 47,818 | 49,973 | 51,746 | 57,456 |
Other Liabilities | 2,612 | 2,839 | 2,055 | 2,176 | 2,431 | 1,938 | 3,048 | 2,806 | 3,330 | 3,372 | 3,594 | 4,443 | 4,037 |
Total Liabilities | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 82,755 | 86,459 | 91,369 |
Fixed Assets | 8,537 | 8,462 | 8,524 | 8,390 | 7,957 | 9,074 | 10,583 | 10,282 | 10,039 | 10,190 | 10,041 | 11,353 | 10,983 |
Gross Block | 10,811 | 11,324 | 9,102 | 9,477 | 9,499 | 10,995 | 13,163 | 13,447 | 13,551 | 14,258 | 14,580 | 16,522 | – |
Accumulated Depreciation | 2,273 | 2,862 | 579 | 1,087 | 1,542 | 1,921 | 2,580 | 3,164 | 3,512 | 4,068 | 4,539 | 5,169 | – |
CWIP | 661 | 663 | 857 | 1,458 | 1,627 | 775 | 675 | 590 | 614 | 638 | 810 | 941 | 847 |
Investments | 1,786 | 4,965 | 5,313 | 10,410 | 10,542 | 13,957 | 15,616 | 21,695 | 33,748 | 45,973 | 46,125 | 52,398 | 51,785 |
Other Assets | 9,919 | 11,717 | 16,436 | 18,990 | 20,708 | 23,619 | 24,939 | 25,991 | 33,849 | 22,926 | 25,780 | 21,767 | 27,755 |
Total Assets | 20,904 | 25,807 | 31,129 | 39,248 | 40,834 | 47,424 | 51,813 | 58,558 | 78,250 | 79,726 | 82,755 | 86,459 | 91,369 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1,602 | 1,990 | 1,713 | 2,313 | 2,411 | 3,214 | 3,170 | 3,042 | 3,012 | 2,714 | 3,743 | 5,471 |
Cash from Investing Activity | -2,314 | -3,556 | -2,954 | -4,181 | -550 | -2,403 | -31 | -7,967 | -8,803 | -4,025 | -1,994 | -2,533 |
Cash from Financing Activity | 250 | 1,917 | 1,498 | 1,717 | -1,926 | 2,555 | -2,581 | 3,827 | 7,308 | -3,452 | -1,468 | -2,820 |
Net Cash Flow | -462 | 351 | 257 | -151 | -64 | 3,367 | 558 | -1,098 | 1,517 | -4,763 | 281 | 118 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 71 | 67 | 60 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 70 | 70 | 123 | 134 | 184 | 131 | 168 | 136 | 94 | 71 | 67 | 60 |
Working Capital Days | 211 | 88 | -129 | 154 | 310 | -16 | -46 | -127 | 125 | -191 | -290 | -198 |
ROCE % | 17% | 14% | 15% | 13% | 15% | 13% | 12% | 10% | 7% | 7% | 7% | 9% |
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