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Adani Ports & Special Economic Zone Ltd share Price

Company details

819.00
831.00
395.10
916.00
6M Return 28.74%
1Y Return -4.87%
Mkt Cap.(Cr) 177,423.02
Volume 1,569,635
Div Yield 0.61%
OI
-
OI Chg %
-
Volume 1,569,635

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Top Pick in Logistics sector
About The Stock

    Adani Ports and Special Economic Zone (APSEZ) is the largest commercial port operator with 25% share of India’s port cargo movement. The company has evolved from a single port dealing in a single commodity to an integrated logistics platform.

    • Total ~70% of APSEZ revenues is contributed by its port operations. Rest is led by harbour (11%), logistics (7%) and others
    • Of the total 247 MT cargo volume in FY21, container volumes were at 105 MT (43%), bulk at 110 MT (44%) and rest by liquid at 32 MT (13%)
Q1FY22

    Lower coal offtake impacted the performance.

    • Revenues remained flat YoY to ₹ 3797 crore (volume de-growth of 11%)
    • EBITDA margins remained range-bound at 63-64%. Subsequently, absolute EBITDA also remained flat at ₹ 2431 crore
    • However, PAT de-grew 10% to ₹ 1423 crore due to forex gain of ₹ 206 crore in the base quarter

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Adani Ports & Special Economic Zone announced Q1FY24 results:

  • Revenue for Q1FY24 increased by 24% YoY to Rs 6,248 crore
  • EBITDA for Q1FY24 increased by 80% YoY to Rs 3,765 crore
  • PAT for Q1FY24 increased by 80% YoY to Rs 2,119 crore
  • Cargo volume growth of 12% YoY to over 101 MMT, supported by containers growth of 15%
  • APSEZ’s market share in India jumps around 200 bps to 26%

"APSEZ delivered its strongest ever quarterly operating performance during Q1FY24, with highest ever quarterly cargo volumes, revenue, EBITDA and around 200 bps jump in domestic market share, despite over 50% of the company’s total port capacity being adversely impacted for around 6 days due to the cyclone Biparjoy", said Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone.

"Our continuous efforts on improving operational efficiencies have resulted in domestic ports business EBITDA margin of 72% and logistics business EBITDA margin of 28%, which is higher than the reported margins of listed peers from India. Our newly acquired assets, Haifa Port and Karaikal Port, have ramped up well with monthly cargo volumes now touching 1 MMT mark at the two ports. With our cargo volumes crossing 100 MMT during the quarter, we are well on course to achieve our FY24 cargo volume guidance of 370-390 MMT.” added Karan Adani.

 

 

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OUR RESEARCH VIEW

Investment recommendation
Top Pick in Logistics sector
Call Date
28 Jun 2022
Entry Price 680.00
Target Price 900.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Adani Ports & Special Economic Zone Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 45,709.31 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -8,050.74
LAST 3M 44,357.20 2,185.25
LAST 6M 53,246.77 150,167.93
LAST 12M 139,937.47 157,645.13

Adani Ports & Special Economic Zone Ltd Information

Stock PE (TTM)
24.07
Promoter Holding
62.89%
Book Value
210.2506
ROCE
9.42%
ROE
14.65%
Description
  • Adani Ports and Special Economic Zone Limited is engaged in infrastructure relating to ports and shipping. The company has its market capitalization worth INR1,53,468.37 crore as of 16th April 2021. The company was incorporated in 2016. The company has reported quarterly revenue of INR1,305.18 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 532921 and on the National Stock Exchange (NSE) with the symbol ADANIPORTS. The company has its headquarters in Gujarat, a part of the Adani Group, an integrated infrastructure corporation that deals in Ports and Shipping. The Adani Ports Special Economic Zone (APSEZ) is responsible for about a quarter of India's overall freight traffic. It is the largest commercial port operator having over 12 domestic ports across Gujarat, Goa, Kerala, Maharashtra, Andhra Pradesh, Odisha and Tamil Nadu. The port facilitates best-in-class cargo-handling infrastructure. The Mundra SEZ in Gujarat is a landmark validation of the company's ability to provide integrated port infrastructure service. The company operates under the chairmanship of Gautam Adani (Chairman and MD). The ports accommodated by the company include Mundra port, Krishnapatnam Port, Hazira port, Dahej port, Dhamra port, Mormugao Terminal, Vizhinjam port, Vizag port, Ennore terminal, Kattupalli port, Tune terminal and Dighi port. The company is also the largest private train operator and a licensed container Train Operator in India. Adani Ports Special Economic Zone acquired TM Harbour Services Private Limited in 2017. It also raised a capital of INR 3222.5 crore via foreign currency denominated bonds in the same year. It also acquired a 40.25% stake in Snowman Logistics in the year 2019, the same year when Mundra port was ranked number one in handling cargo across all major and Non-major Ports in India. The company was the first Indian port to be signing up for SBTi (Science Based Targets initiative). Ports across all three zones recorded strong growth in 2020. In March 2021, APSEZ was set to acquire a 31.5% stake in Gangavaram Port, which was through 16.3 crore shares of Warburg Pincus in GPL. Later this share was increased to a massive 89.6% stake after CCI approved the same. Recently, Flipkart entered into a strategic partnership with APSEZ in April 2021. During the same period, it reported a $290 million port in Yangon on the land which was leased from military-backed Myanmar Economic Corporation. Due to this, S&P Dow Jones Indices decided to remove the company from its sustainability index list.

Registered Address

Adani House Mithakhali Six Rds, Navrangpura, Ahmedabad, Gujarat, 380009

Tel : 91-79-26565555
Email : investor.apsezl:adani.com
Website : http://www.adaniports.com
Registrar

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AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532921
NSE Code : ADANIPORTS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE742F01042

FAQ’s on Adani Ports & Special Economic Zone Ltd Shares

You can buy Adani Ports & Special Economic Zone Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Adani Ports & Special Economic Zone Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 03:59 PM the closing price of Adani Ports & Special Economic Zone Ltd was ₹ 821.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 03:59 PM, the market cap of Adani Ports & Special Economic Zone Ltd stood at ₹ 177,423.02.

The latest PE ratio of Adani Ports & Special Economic Zone Ltd as of Sep 26, 2023 03:59 PM is 24.07

The latest PB ratio of Adani Ports & Special Economic Zone Ltd as of Sep 26, 2023 03:59 PM is 0.25

The 52-week high of Adani Ports & Special Economic Zone Ltd is ₹ 916.00 while the 52-week low is ₹ 395.10

According to analyst recommendations, Adani Ports & Special Economic Zone Ltd has a “Buy” rating for the long term.

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