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Adani Ports & Special Economic Zone Ltd share Price Today

Company details

1,314.00
1,358.70
590.10
1,358.70
6M Return 61.53%
1Y Return 113.30%
Mkt Cap.(Cr) 289,858.25
Volume 4,188,741
Div Yield 0.37%
OI
-
OI Chg %
-
Volume 4,188,741

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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 Q3FY24 results:

  • Financial Highlights:

    • Cargo volume growth ( 44% YoY) drove a 45% YoY revenue increase to Rs 6,920 crore in Q3FY24.
    • Domestic port EBITDA margin expanded by approximately 170 bps, resulting in a 59% YoY growth in EBITDA to Rs 4,293 crore.
    • Robust cargo volume growth contributed to a record PAT of Rs 2,208 crore ( 65% YoY) during the quarter.
    • Bond buy-back of USD 325 million concluded during 9M FY24, leading to an improvement in Net Debt to EBITDA (for TTM Dec’23) to 2.5x vs 3.1x for FY23.
  • Operational Highlights:

    • APSEZ achieved a milestone with its highest-ever quarterly cargo volume of 108.6 MMT.
    • Mundra, the flagship port, set a record for the highest monthly volume at any Indian port in Oct’23, while AICTPL (CT-3) recorded India’s highest monthly container volume in Nov’23.
    • APSEZ reached 300 MMT in 266 days, outpacing the FY23 timeline of 329 days, with the overall cargo volume reaching ~311 MMT in 9M ( 23% YoY).
    • Domestic cargo growth surpassed India’s growth rate, with nine domestic ports/terminals achieving their highest-ever cargo volumes in 9M.
    • Quarterly rail volumes grew 17% YoY to 157,904 TEUs, and GPWIS volumes surged 53% YoY to 5.29 MMT.
    • APSEZ achieved its highest-ever rail ( 22%) and GPWIS ( 46%) volumes in 9M.
  • Business Highlights:

    • Formed a strategic partnership with MSC by establishing a JV for Ennore Container Terminal.
    • Completed the acquisition of Karaikal Port and the sale of Myanmar assets.
    • Adani Logistics Limited (ALL) added 23 rakes, Loni & Valvada ICD, and warehouses at NRC and Indore.
    • Colombo terminal received a financing commitment of USD 553 million from DFC.

“In the year when our first port, Mundra, completed 25 years of operation, APSEZ recorded its strongest ever Q3 and 9M performance with the highest ever revenue, EBITDA, and cargo volumes, and is on course to overachieve its full-year guidance provided at the start of the year. This is a testament to our continuous efforts to drive operating efficiencies and remain an industry-leading port operator,” said Ashwani Gupta, CEO, APSEZ.

 

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Adani Ports & Special Economic Zone Ltd shares SWOT Analysis

Strengths (14)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,362.4
R2 1,382.9
R3 1,407.1
Pivot

1,338.18

S1 1,317.7
S2 1,293.5
S3 1,273.0
EMA SMA
1,291.5
1,247.5
1,148.8
1,019.8
1,298.3
1,265.3
1,121.4
952.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 1120.6 233008 BSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 1120.6 184250 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 1120.6 82211 NSE
Name Category Shares
Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust) PROMOTER 32.9%
Adani Tradeline Private Limited (Formerly, Adani Tradeline LLP) (w.e.f 6th July, 2022) PROMOTER 6.38%
Emerging Market Investment DMCC PROMOTER 6.31%
Flourishing Trade And Investment Ltd PROMOTER 5.76%
Afro Asia Trade And Investments Limited PROMOTER 4.16%
Worldwide Emerging Market Holding Limited PROMOTER 3.99%
Adani Rail Infra Private Limited PROMOTER 3.27%
Resurgent Trade And Investment Ltd PROMOTER 2.45%
Spitze Trade And Investment Limited PROMOTER 0.57%

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
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Adani Ports & Special Economic Zone Ltd Stocks COMPARISON

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 45,709.31 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
Adani Ports and Special Economic Zone Limited - Allotment of Securities

Mar 28, 2024 l NSE Announcement

Adani Ports and Special Economic Zone Limited - Acquisition

Mar 26, 2024 l NSE Announcement

Date Action Type Ratio
Jul 28, 2023 Dividend 250
Jul 14, 2022 Dividend 250

Adani Ports & Special Economic Zone Ltd Information

Stock PE (TTM)
32.84
Promoter Holding
65.89%
Book Value
225.4179
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 : Kamlesh.bhagia:adani.com
Website : http://www.adaniports.com
Registrar

Link Intime India Pvt Ltd

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 Mar 28, 2024 04:03 PM the closing price of Adani Ports & Special Economic Zone Ltd was ₹ 1,341.85.

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 Mar 28, 2024 04:03 PM, the market cap of Adani Ports & Special Economic Zone Ltd stood at ₹ 289,858.25.

The latest PE ratio of Adani Ports & Special Economic Zone Ltd as of Mar 28, 2024 04:03 PM is 32.84

The latest PB ratio of Adani Ports & Special Economic Zone Ltd as of Mar 28, 2024 04:03 PM is 0.17

The 52-week high of Adani Ports & Special Economic Zone Ltd share price is ₹ 1,358.70 while the 52-week low is ₹ 590.10

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

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