Adani Ports and Special Economic Zone Ltd.
•₹ 1,7000.24%
2026-08-21
PROS
- Latest quarter profit grew 208.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.35x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (137.0% of PBT)
- Recent results are weak - TTM profit is down 49.4% versus prior year
- Company has a low return on equity of 6.0% over last 3 years
- Company has a low return on capital employed of 8.2%
- Interest coverage is weak at 1.4x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPORTS | 1693.25 | 29.75 | 390117.87 | 0.44 | 3649.50 | 10.24 | 10820.80 | 18.57 | 15.03 | 60.26 |
| 2. | JSWINFRA | 329.85 | 51.75 | 76855.10 | 0.27 | 357.60 | -8.21 | 1444.83 | 18.06 | 14.26 | 46.64 |
| 3. | GPPL | 164.75 | 14.25 | 7964.67 | 6.31 | 147.90 | 41.77 | 331.77 | 32.47 | 29.46 | 64.86 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,427 | 1,530 | 1,887 | 1,964 | 1,890 | 1,803 | 2,182 | 2,131 | 1,839 | 2,058 | 1,860 | 2,773 | 2,244 | |
| 501 | 767 | 703 | 832 | 831 | 536 | 1,092 | 720 | 681 | 542 | 847 | 2,499 | 1,620 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 500 | 416 | 588 | 524 | 860 | 540 | 521 | 527 | 589 | 1,033 | 572 | 822 | 1,260 |
| Interest | 683 | 700 | 794 | 667 | 664 | 771 | 848 | 637 | 849 | 1,874 | 904 | 767 | 730 |
| Depreciation | 160 | 165 | 168 | 162 | 164 | 163 | 163 | 170 | 163 | 166 | 166 | 192 | 182 |
| 583 | 313 | 810 | 826 | 1,092 | 872 | 599 | 1,131 | 734 | 509 | 441 | 57 | 1,884 | |
| Tax % | 32.37% | 37.45% | 35.09% | 24.63% | 28.97% | 34.41% | 31.79% | 29.42% | 31.26% | 11.72% | 34.94% | -249.87% | 17.31% |
| Net Profit | 394 | 196 | 525 | 623 | 776 | 572 | 409 | 798 | 505 | 449 | 287 | 199 | 1,557 |
| 2 | 1 | 2 | 3 | 4 | 3 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | |
| Equity Capital | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 461 | 461 | 461 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 461 | 461 | 461 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,427
- 501
- Operating Profit
- —
- OPM %
- —
- Other Income
- 500
- Interest
- 683
- Depreciation
- 160
- 583
- Tax %
- 32.37%
- Net Profit
- 394
- 2
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,530
- 767
- Operating Profit
- —
- OPM %
- —
- Other Income
- 416
- Interest
- 700
- Depreciation
- 165
- 313
- Tax %
- 37.45%
- Net Profit
- 196
- 1
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,887
- 703
- Operating Profit
- —
- OPM %
- —
- Other Income
- 588
- Interest
- 794
- Depreciation
- 168
- 810
- Tax %
- 35.09%
- Net Profit
- 525
- 2
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,964
- 832
- Operating Profit
- —
- OPM %
- —
- Other Income
- 524
- Interest
- 667
- Depreciation
- 162
- 826
- Tax %
- 24.63%
- Net Profit
- 623
- 3
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,890
- 831
- Operating Profit
- —
- OPM %
- —
- Other Income
- 860
- Interest
- 664
- Depreciation
- 164
- 1,092
- Tax %
- 28.97%
- Net Profit
- 776
- 4
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,803
- 536
- Operating Profit
- —
- OPM %
- —
- Other Income
- 540
- Interest
- 771
- Depreciation
- 163
- 872
- Tax %
- 34.41%
- Net Profit
- 572
- 3
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,182
- 1,092
- Operating Profit
- —
- OPM %
- —
- Other Income
- 521
- Interest
- 848
- Depreciation
- 163
- 599
- Tax %
- 31.79%
- Net Profit
- 409
- 2
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,131
- 720
- Operating Profit
- —
- OPM %
- —
- Other Income
- 527
- Interest
- 637
- Depreciation
- 170
- 1,131
- Tax %
- 29.42%
- Net Profit
- 798
- 4
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,839
- 681
- Operating Profit
- —
- OPM %
- —
- Other Income
- 589
- Interest
- 849
- Depreciation
- 163
- 734
- Tax %
- 31.26%
- Net Profit
- 505
- 2
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,058
- 542
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,033
- Interest
- 1,874
- Depreciation
- 166
- 509
- Tax %
- 11.72%
- Net Profit
- 449
- 2
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 432
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,860
- 847
- Operating Profit
- —
- OPM %
- —
- Other Income
- 572
- Interest
- 904
- Depreciation
- 166
- 441
- Tax %
- 34.94%
- Net Profit
- 287
- 1
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,773
- 2,499
- Operating Profit
- —
- OPM %
- —
- Other Income
- 822
- Interest
- 767
- Depreciation
- 192
- 57
- Tax %
- -249.87%
- Net Profit
- 199
- 1
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,244
- 1,620
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,260
- Interest
- 730
- Depreciation
- 182
- 1,884
- Tax %
- 17.31%
- Net Profit
- 1,557
- 1
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 461
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,879 | 6,534 | 5,336 | 4,643 | 4,377 | 4,206 | 5,237 | 6,807 | 7,913 | 8,535 | 8,935 | |
| 1,332 | 2,326 | 1,998 | 3,209 | 1,506 | 2,553 | 1,966 | 2,382 | 2,665 | 3,014 | 5,509 | |
| Operating Profit | 5,032 | 5,815 | 5,737 | 4,464 | 5,856 | 4,193 | 6,359 | 6,406 | 7,963 | 8,574 | — |
| OPM % | 103 | 89 | 108 | 96 | 134 | 100 | 121 | 94 | 101 | 100 | — |
| Other Income | 1,485 | 1,607 | 2,398 | 3,030 | 2,985 | 2,539 | 3,088 | 1,981 | 2,715 | 3,053 | 3,688 |
| Interest | 1,198 | 1,218 | 1,477 | 1,879 | 2,327 | 2,509 | 5,216 | 3,218 | 3,118 | 5,503 | 4,276 |
| Depreciation | 541 | 471 | 474 | 553 | 619 | 600 | 613 | 656 | 661 | 687 | 706 |
| 3,293 | 3,829 | 3,664 | 2,032 | 2,910 | 472 | -1,028 | 2,532 | 4,185 | 2,229 | 2,890 | |
| Tax % | 6 | 37 | 28 | 5 | 34 | 69 | 53 | 31 | 30 | 20 | 14 |
| Net Profit | 3,101 | 2,408 | 2,638 | 1,934 | 1,928 | 148 | -479 | 1,738 | 2,916 | 1,793 | 2,492 |
| EPS | 15 | 12 | 13 | 9 | 9 | 1 | -2 | 8 | 13 | 8 | — |
| Dividend Payout % | 9 | 17 | 2 | 34 | 53 | 716 | -225 | 75 | 52 | 96 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 12 | 13 | 10 | 9 | 1 | -2 | 8 | 13 | 8 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 12 | 13 | 10 | 9 | 1 | -2 | 8 | 13 | 8 | — |
Mar 2017
- 4,879
- 1,332
- Operating Profit
- 5,032
- OPM %
- 103
- Other Income
- 1,485
- Interest
- 1,198
- Depreciation
- 541
- 3,293
- Tax %
- 6
- Net Profit
- 3,101
- EPS
- 15
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2018
- 6,534
- 2,326
- Operating Profit
- 5,815
- OPM %
- 89
- Other Income
- 1,607
- Interest
- 1,218
- Depreciation
- 471
- 3,829
- Tax %
- 37
- Net Profit
- 2,408
- EPS
- 12
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2019
- 5,336
- 1,998
- Operating Profit
- 5,737
- OPM %
- 108
- Other Income
- 2,398
- Interest
- 1,477
- Depreciation
- 474
- 3,664
- Tax %
- 28
- Net Profit
- 2,638
- EPS
- 13
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2020
- 4,643
- 3,209
- Operating Profit
- 4,464
- OPM %
- 96
- Other Income
- 3,030
- Interest
- 1,879
- Depreciation
- 553
- 2,032
- Tax %
- 5
- Net Profit
- 1,934
- EPS
- 9
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2021
- 4,377
- 1,506
- Operating Profit
- 5,856
- OPM %
- 134
- Other Income
- 2,985
- Interest
- 2,327
- Depreciation
- 619
- 2,910
- Tax %
- 34
- Net Profit
- 1,928
- EPS
- 9
- Dividend Payout %
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2022
- 4,206
- 2,553
- Operating Profit
- 4,193
- OPM %
- 100
- Other Income
- 2,539
- Interest
- 2,509
- Depreciation
- 600
- 472
- Tax %
- 69
- Net Profit
- 148
- EPS
- 1
- Dividend Payout %
- 716
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 5,237
- 1,966
- Operating Profit
- 6,359
- OPM %
- 121
- Other Income
- 3,088
- Interest
- 5,216
- Depreciation
- 613
- -1,028
- Tax %
- 53
- Net Profit
- -479
- EPS
- -2
- Dividend Payout %
- -225
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 6,807
- 2,382
- Operating Profit
- 6,406
- OPM %
- 94
- Other Income
- 1,981
- Interest
- 3,218
- Depreciation
- 656
- 2,532
- Tax %
- 31
- Net Profit
- 1,738
- EPS
- 8
- Dividend Payout %
- 75
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 7,913
- 2,665
- Operating Profit
- 7,963
- OPM %
- 101
- Other Income
- 2,715
- Interest
- 3,118
- Depreciation
- 661
- 4,185
- Tax %
- 30
- Net Profit
- 2,916
- EPS
- 13
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2026
- 8,535
- 3,014
- Operating Profit
- 8,574
- OPM %
- 100
- Other Income
- 3,053
- Interest
- 5,503
- Depreciation
- 687
- 2,229
- Tax %
- 20
- Net Profit
- 1,793
- EPS
- 8
- Dividend Payout %
- 96
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
TTM
- 8,935
- 5,509
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3,688
- Interest
- 4,276
- Depreciation
- 706
- 2,890
- Tax %
- 14
- Net Profit
- 2,492
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 14%
- 3 Years:
- 18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -5%
- 5 Years:
- -1%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 20%
- 3 Years:
- 26%
- 1 Year:
- 25%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 3%
- 3 Years:
- 6%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 414 | 414 | 414 | 406 | 406 | 422 | 432 | 432 | 432 | 461 | |
| 16,285 | 17,703 | 20,077 | 19,292 | 21,228 | 25,817 | 28,104 | 28,756 | 38,799 | 61,213 | |
| 3,817 | 1,278 | 6,910 | 3,054 | 2,856 | 4,148 | 3,461 | 5,675 | 2,895 | 2,833 | |
| Trade Payables | 258 | 213 | 194 | 218 | 217 | 461 | 579 | 436 | 443 | 505 |
| 16,721 | 20,093 | 19,024 | 27,888 | 33,368 | 46,683 | 45,870 | 46,802 | 43,652 | 48,457 | |
| Total Liabilities | 37,495 | 39,702 | 46,620 | 50,858 | 58,075 | 77,532 | 78,446 | 82,101 | 86,220 | 1,13,469 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 8,390 | 7,957 | 9,074 | 10,583 | 10,282 | 10,039 | 10,190 | 10,041 | 11,353 | 11,067 | |
| Capital Work in Progress | 1,458 | 1,627 | 775 | 675 | 590 | 614 | 638 | 810 | 836 | 1,136 |
| 10,410 | 10,542 | 13,957 | 15,616 | 21,695 | 33,748 | 45,973 | 46,125 | 52,292 | 69,098 | |
| 523 | 363 | 625 | 87 | 74 | 79 | 79 | 88 | 90 | 58 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,243 | 1,304 | 1,346 | |
| Cash & Bank | 1,552 | 1,273 | 3,869 | 4,444 | 3,464 | 6,212 | 2,030 | 3,755 | 1,644 | 2,401 |
| 15,162 | 17,939 | 18,319 | 19,453 | 21,969 | 26,841 | 19,537 | 20,040 | 18,702 | 28,362 | |
| Total Assets | 37,495 | 39,702 | 46,620 | 50,858 | 58,075 | 77,532 | 78,446 | 82,101 | 86,220 | 1,13,469 |
| Total Debt | 20,207 | 20,119 | 24,994 | 28,899 | 33,807 | 44,775 | 47,522 | 49,702 | 43,002 | 47,903 |
| Net Working Capital | 4,503 | 7,348 | 4,143 | 3,870 | 2,867 | 7,657 | 262 | -1,546 | -1,962 | 145 |
| Contingent Liabilities | 3,094 | 3,827 | 3,847 | 2,402 | 1,203 | 889 | 1,088 | 1,628 | 1,263 | 1,415 |
| Book Value per Share | 80.63 | 87.48 | 98.95 | 96.95 | 106.48 | 124.22 | 132.10 | 135.12 | 181.61 | 267.69 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 20,207 | 20,119 | 24,994 | 28,899 | 33,807 | 44,775 | 47,522 | 49,702 | 43,002 | 47,903 |
| Net Working Capital | 4,503 | 7,348 | 4,143 | 3,870 | 2,867 | 7,657 | 262 | -1,546 | -1,962 | 145 |
| Contingent Liabilities | 3,094 | 3,827 | 3,847 | 2,402 | 1,203 | 889 | 1,088 | 1,628 | 1,263 | 1,415 |
| Book Value per Share | 80.63 | 87.48 | 98.95 | 96.95 | 106.48 | 124.22 | 132.10 | 135.12 | 181.61 | 267.69 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- 414
- 16,285
- 3,817
- Trade Payables
- 258
- 16,721
- Total Liabilities
- 37,495
- 8,390
- Capital Work in Progress
- 1,458
- 10,410
- 523
- 0
- Cash & Bank
- 1,552
- 15,162
- Total Assets
- 37,495
- Total Debt
- 20,207
- Net Working Capital
- 4,503
- Contingent Liabilities
- 3,094
- Book Value per Share
- 80.63
- Face Value
- 2.00
- Total Debt
- 20,207
- Net Working Capital
- 4,503
- Contingent Liabilities
- 3,094
- Book Value per Share
- 80.63
- Face Value
- 2.00
Mar 2018
- 414
- 17,703
- 1,278
- Trade Payables
- 213
- 20,093
- Total Liabilities
- 39,702
- 7,957
- Capital Work in Progress
- 1,627
- 10,542
- 363
- 0
- Cash & Bank
- 1,273
- 17,939
- Total Assets
- 39,702
- Total Debt
- 20,119
- Net Working Capital
- 7,348
- Contingent Liabilities
- 3,827
- Book Value per Share
- 87.48
- Face Value
- 2.00
- Total Debt
- 20,119
- Net Working Capital
- 7,348
- Contingent Liabilities
- 3,827
- Book Value per Share
- 87.48
- Face Value
- 2.00
Mar 2019
- 414
- 20,077
- 6,910
- Trade Payables
- 194
- 19,024
- Total Liabilities
- 46,620
- 9,074
- Capital Work in Progress
- 775
- 13,957
- 625
- 0
- Cash & Bank
- 3,869
- 18,319
- Total Assets
- 46,620
- Total Debt
- 24,994
- Net Working Capital
- 4,143
- Contingent Liabilities
- 3,847
- Book Value per Share
- 98.95
- Face Value
- 2.00
- Total Debt
- 24,994
- Net Working Capital
- 4,143
- Contingent Liabilities
- 3,847
- Book Value per Share
- 98.95
- Face Value
- 2.00
Mar 2020
- 406
- 19,292
- 3,054
- Trade Payables
- 218
- 27,888
- Total Liabilities
- 50,858
- 10,583
- Capital Work in Progress
- 675
- 15,616
- 87
- 0
- Cash & Bank
- 4,444
- 19,453
- Total Assets
- 50,858
- Total Debt
- 28,899
- Net Working Capital
- 3,870
- Contingent Liabilities
- 2,402
- Book Value per Share
- 96.95
- Face Value
- 2.00
- Total Debt
- 28,899
- Net Working Capital
- 3,870
- Contingent Liabilities
- 2,402
- Book Value per Share
- 96.95
- Face Value
- 2.00
Mar 2021
- 406
- 21,228
- 2,856
- Trade Payables
- 217
- 33,368
- Total Liabilities
- 58,075
- 10,282
- Capital Work in Progress
- 590
- 21,695
- 74
- 0
- Cash & Bank
- 3,464
- 21,969
- Total Assets
- 58,075
- Total Debt
- 33,807
- Net Working Capital
- 2,867
- Contingent Liabilities
- 1,203
- Book Value per Share
- 106.48
- Face Value
- 2.00
- Total Debt
- 33,807
- Net Working Capital
- 2,867
- Contingent Liabilities
- 1,203
- Book Value per Share
- 106.48
- Face Value
- 2.00
Mar 2022
- 422
- 25,817
- 4,148
- Trade Payables
- 461
- 46,683
- Total Liabilities
- 77,532
- 10,039
- Capital Work in Progress
- 614
- 33,748
- 79
- 0
- Cash & Bank
- 6,212
- 26,841
- Total Assets
- 77,532
- Total Debt
- 44,775
- Net Working Capital
- 7,657
- Contingent Liabilities
- 889
- Book Value per Share
- 124.22
- Face Value
- 2.00
- Total Debt
- 44,775
- Net Working Capital
- 7,657
- Contingent Liabilities
- 889
- Book Value per Share
- 124.22
- Face Value
- 2.00
Mar 2023
- 432
- 28,104
- 3,461
- Trade Payables
- 579
- 45,870
- Total Liabilities
- 78,446
- 10,190
- Capital Work in Progress
- 638
- 45,973
- 79
- 0
- Cash & Bank
- 2,030
- 19,537
- Total Assets
- 78,446
- Total Debt
- 47,522
- Net Working Capital
- 262
- Contingent Liabilities
- 1,088
- Book Value per Share
- 132.10
- Face Value
- 2.00
- Total Debt
- 47,522
- Net Working Capital
- 262
- Contingent Liabilities
- 1,088
- Book Value per Share
- 132.10
- Face Value
- 2.00
Mar 2024
- 432
- 28,756
- 5,675
- Trade Payables
- 436
- 46,802
- Total Liabilities
- 82,101
- 10,041
- Capital Work in Progress
- 810
- 46,125
- 88
- 1,243
- Cash & Bank
- 3,755
- 20,040
- Total Assets
- 82,101
- Total Debt
- 49,702
- Net Working Capital
- -1,546
- Contingent Liabilities
- 1,628
- Book Value per Share
- 135.12
- Face Value
- 2.00
- Total Debt
- 49,702
- Net Working Capital
- -1,546
- Contingent Liabilities
- 1,628
- Book Value per Share
- 135.12
- Face Value
- 2.00
Mar 2025
- 432
- 38,799
- 2,895
- Trade Payables
- 443
- 43,652
- Total Liabilities
- 86,220
- 11,353
- Capital Work in Progress
- 836
- 52,292
- 90
- 1,304
- Cash & Bank
- 1,644
- 18,702
- Total Assets
- 86,220
- Total Debt
- 43,002
- Net Working Capital
- -1,962
- Contingent Liabilities
- 1,263
- Book Value per Share
- 181.61
- Face Value
- 2.00
- Total Debt
- 43,002
- Net Working Capital
- -1,962
- Contingent Liabilities
- 1,263
- Book Value per Share
- 181.61
- Face Value
- 2.00
Mar 2026
- 461
- 61,213
- 2,833
- Trade Payables
- 505
- 48,457
- Total Liabilities
- 1,13,469
- 11,067
- Capital Work in Progress
- 1,136
- 69,098
- 58
- 1,346
- Cash & Bank
- 2,401
- 28,362
- Total Assets
- 1,13,469
- Total Debt
- 47,903
- Net Working Capital
- 145
- Contingent Liabilities
- 1,415
- Book Value per Share
- 267.69
- Face Value
- 2.00
- Total Debt
- 47,903
- Net Working Capital
- 145
- Contingent Liabilities
- 1,415
- Book Value per Share
- 267.69
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,313 | 2,411 | 3,214 | 3,170 | 3,042 | 3,012 | 2,714 | 3,743 | 5,441 | 5,973 | |
| Cash from Investing | -4,181 | -550 | -2,403 | -31 | -7,967 | -8,803 | -4,025 | -1,994 | -2,516 | -4,157 |
| Cash from Financing | 1,717 | -1,926 | 2,555 | -2,581 | 3,827 | 7,308 | -3,452 | -1,468 | -2,808 | -1,969 |
| -151 | -64 | 3,367 | 558 | -1,098 | 1,517 | -4,763 | 281 | 118 | -154 | |
| Free Cash Flow | 1,337 | 2,220 | 2,453 | 1,219 | 2,843 | 2,884 | 1,983 | 3,249 | 3,474 | 5,973 |
| OCF / Net Profit | 0.75 | 1.00 | 1.22 | 1.64 | 1.58 | 20.41 | -5.66 | 2.15 | 1.87 | 3.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10,072 | 11,619 | 11,383 | 12,179 | 14,433 | 17,563 |
| OCF / Net Profit | 0.75 | 1.00 | 1.22 | 1.64 | 1.58 | 20.41 | -5.66 | 2.15 | 1.87 | 3.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10,072 | 11,619 | 11,383 | 12,179 | 14,433 | 17,563 |
Mar 2017
- 2,313
- Cash from Investing
- -4,181
- Cash from Financing
- 1,717
- -151
- Free Cash Flow
- 1,337
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
Mar 2018
- 2,411
- Cash from Investing
- -550
- Cash from Financing
- -1,926
- -64
- Free Cash Flow
- 2,220
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 0
Mar 2019
- 3,214
- Cash from Investing
- -2,403
- Cash from Financing
- 2,555
- 3,367
- Free Cash Flow
- 2,453
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
Mar 2020
- 3,170
- Cash from Investing
- -31
- Cash from Financing
- -2,581
- 558
- Free Cash Flow
- 1,219
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
Mar 2021
- 3,042
- Cash from Investing
- -7,967
- Cash from Financing
- 3,827
- -1,098
- Free Cash Flow
- 2,843
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 10,072
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 10,072
Mar 2022
- 3,012
- Cash from Investing
- -8,803
- Cash from Financing
- 7,308
- 1,517
- Free Cash Flow
- 2,884
- OCF / Net Profit
- 20.41
- Cumulative 5-Year FCF
- 11,619
- OCF / Net Profit
- 20.41
- Cumulative 5-Year FCF
- 11,619
Mar 2023
- 2,714
- Cash from Investing
- -4,025
- Cash from Financing
- -3,452
- -4,763
- Free Cash Flow
- 1,983
- OCF / Net Profit
- -5.66
- Cumulative 5-Year FCF
- 11,383
- OCF / Net Profit
- -5.66
- Cumulative 5-Year FCF
- 11,383
Mar 2024
- 3,743
- Cash from Investing
- -1,994
- Cash from Financing
- -1,468
- 281
- Free Cash Flow
- 3,249
- OCF / Net Profit
- 2.15
- Cumulative 5-Year FCF
- 12,179
- OCF / Net Profit
- 2.15
- Cumulative 5-Year FCF
- 12,179
Mar 2025
- 5,441
- Cash from Investing
- -2,516
- Cash from Financing
- -2,808
- 118
- Free Cash Flow
- 3,474
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 14,433
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 14,433
Mar 2026
- 5,973
- Cash from Investing
- -4,157
- Cash from Financing
- -1,969
- -154
- Free Cash Flow
- 5,973
- OCF / Net Profit
- 3.33
- Cumulative 5-Year FCF
- 17,563
- OCF / Net Profit
- 3.33
- Cumulative 5-Year FCF
- 17,563
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.97 | 11.63 | 12.74 | 9.52 | 9.49 | 0.70 | -2.22 | 8.05 | 13.50 | 7.78 |
| Book Value (₹) | 80.63 | 87.48 | 98.95 | 96.95 | 106.48 | 124.22 | 132.10 | 135.12 | 181.61 | 267.69 |
| Dividend per Share (₹) | 1.30 | 2.00 | 0.20 | 3.20 | 5.00 | 5.00 | 5.00 | 6.00 | 7.00 | 7.50 |
| Cash EPS (₹) | 17.58 | 13.90 | 15.03 | 12.24 | 12.54 | 3.54 | 0.62 | 11.08 | 16.56 | 10.76 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 103.14% | 89.00% | 107.51% | 96.13% | 133.78% | 99.67% | 121.41% | 65.00% | 66.32% | 64.68% |
| Net Margin % | 63.55% | 36.86% | 49.43% | 41.66% | 44.05% | 3.51% | -9.15% | 25.54% | 36.85% | 21.01% |
| ROE % | 20.60% | 13.83% | 13.66% | 9.63% | 9.33% | 0.62% | -1.75% | 6.02% | 8.52% | 3.55% |
| ROCE % | 13.50% | 13.37% | 12.26% | 8.30% | 10.03% | 4.57% | 5.55% | 7.41% | 9.05% | 8.05% |
| 9.20% | 6.24% | 6.11% | 3.97% | 3.54% | 0.22% | -0.61% | 2.17% | 3.46% | 1.80% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 125 | 142 | 178 | 159 | 157 | 118 | 82 | 67 | 59 | 57 |
| Inventory Days | 24 | 25 | 34 | 28 | 7 | 7 | 6 | 4 | 4 | 3 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 150 | 167 | 212 | 187 | 164 | 124 | 88 | 72 | 63 | 60 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.20x | 1.10x | 1.22x | 1.45x | 1.55x | 1.70x | 1.66x | 1.69x | 1.09x | 0.77x |
| Interest Coverage (x) | 3.75x | 4.14x | 3.48x | 2.08x | 2.25x | 1.19x | 0.80x | 1.79x | 2.34x | 1.41x |
| 1.82x | 3.56x | 1.51x | 1.59x | 1.56x | 2.10x | 1.04x | 0.83x | 0.72x | 1.02x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.62% | 33.92% | -18.33% | -12.99% | -5.73% | -3.91% | 24.51% | 29.97% | 16.25% | 7.86% |
| Operating Profit Growth % | 10.46% | 15.56% | -1.34% | -22.20% | 31.19% | -28.40% | 51.66% | 0.74% | 24.32% | 7.66% |
| Net Profit Growth % | 4.59% | -22.33% | 9.54% | -26.67% | -0.33% | -92.35% | -424.91% | 462.59% | 67.75% | -38.52% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 462.59% | 67.75% | -42.36% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 166.72x | 87.56x | 168.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.93x | 6.51x | 4.91x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.45% | 0.59% | 0.57% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 52.44x | 37.28x | 40.62x |
Mar 2017
- EPS (₹)
- 14.97
- Book Value (₹)
- 80.63
- Dividend per Share (₹)
- 1.30
- Cash EPS (₹)
- 17.58
- Operating Margin %
- 103.14%
- Net Margin %
- 63.55%
- ROE %
- 20.60%
- ROCE %
- 13.50%
- 9.20%
- Debtor Days
- 125
- Inventory Days
- 24
- Payable Days
- 0
- 150
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 3.75x
- 1.82x
- Revenue Growth %
- 5.62%
- Operating Profit Growth %
- 10.46%
- Net Profit Growth %
- 4.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 11.63
- Book Value (₹)
- 87.48
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 13.90
- Operating Margin %
- 89.00%
- Net Margin %
- 36.86%
- ROE %
- 13.83%
- ROCE %
- 13.37%
- 6.24%
- Debtor Days
- 142
- Inventory Days
- 25
- Payable Days
- 0
- 167
- Debt to Equity (x)
- 1.10x
- Interest Coverage (x)
- 4.14x
- 3.56x
- Revenue Growth %
- 33.92%
- Operating Profit Growth %
- 15.56%
- Net Profit Growth %
- -22.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 12.74
- Book Value (₹)
- 98.95
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 15.03
- Operating Margin %
- 107.51%
- Net Margin %
- 49.43%
- ROE %
- 13.66%
- ROCE %
- 12.26%
- 6.11%
- Debtor Days
- 178
- Inventory Days
- 34
- Payable Days
- 0
- 212
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 3.48x
- 1.51x
- Revenue Growth %
- -18.33%
- Operating Profit Growth %
- -1.34%
- Net Profit Growth %
- 9.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 9.52
- Book Value (₹)
- 96.95
- Dividend per Share (₹)
- 3.20
- Cash EPS (₹)
- 12.24
- Operating Margin %
- 96.13%
- Net Margin %
- 41.66%
- ROE %
- 9.63%
- ROCE %
- 8.30%
- 3.97%
- Debtor Days
- 159
- Inventory Days
- 28
- Payable Days
- 0
- 187
- Debt to Equity (x)
- 1.45x
- Interest Coverage (x)
- 2.08x
- 1.59x
- Revenue Growth %
- -12.99%
- Operating Profit Growth %
- -22.20%
- Net Profit Growth %
- -26.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 9.49
- Book Value (₹)
- 106.48
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 12.54
- Operating Margin %
- 133.78%
- Net Margin %
- 44.05%
- ROE %
- 9.33%
- ROCE %
- 10.03%
- 3.54%
- Debtor Days
- 157
- Inventory Days
- 7
- Payable Days
- 0
- 164
- Debt to Equity (x)
- 1.55x
- Interest Coverage (x)
- 2.25x
- 1.56x
- Revenue Growth %
- -5.73%
- Operating Profit Growth %
- 31.19%
- Net Profit Growth %
- -0.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.70
- Book Value (₹)
- 124.22
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 3.54
- Operating Margin %
- 99.67%
- Net Margin %
- 3.51%
- ROE %
- 0.62%
- ROCE %
- 4.57%
- 0.22%
- Debtor Days
- 118
- Inventory Days
- 7
- Payable Days
- 0
- 124
- Debt to Equity (x)
- 1.70x
- Interest Coverage (x)
- 1.19x
- 2.10x
- Revenue Growth %
- -3.91%
- Operating Profit Growth %
- -28.40%
- Net Profit Growth %
- -92.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -2.22
- Book Value (₹)
- 132.10
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 0.62
- Operating Margin %
- 121.41%
- Net Margin %
- -9.15%
- ROE %
- -1.75%
- ROCE %
- 5.55%
- -0.61%
- Debtor Days
- 82
- Inventory Days
- 6
- Payable Days
- 0
- 88
- Debt to Equity (x)
- 1.66x
- Interest Coverage (x)
- 0.80x
- 1.04x
- Revenue Growth %
- 24.51%
- Operating Profit Growth %
- 51.66%
- Net Profit Growth %
- -424.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.05
- Book Value (₹)
- 135.12
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 11.08
- Operating Margin %
- 65.00%
- Net Margin %
- 25.54%
- ROE %
- 6.02%
- ROCE %
- 7.41%
- 2.17%
- Debtor Days
- 67
- Inventory Days
- 4
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 1.69x
- Interest Coverage (x)
- 1.79x
- 0.83x
- Revenue Growth %
- 29.97%
- Operating Profit Growth %
- 0.74%
- Net Profit Growth %
- 462.59%
- 462.59%
- P/E (x)
- 166.72x
- P/B (x)
- 9.93x
- Dividend Yield %
- 0.45%
- 52.44x
Mar 2025
- EPS (₹)
- 13.50
- Book Value (₹)
- 181.61
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 16.56
- Operating Margin %
- 66.32%
- Net Margin %
- 36.85%
- ROE %
- 8.52%
- ROCE %
- 9.05%
- 3.46%
- Debtor Days
- 59
- Inventory Days
- 4
- Payable Days
- 0
- 63
- Debt to Equity (x)
- 1.09x
- Interest Coverage (x)
- 2.34x
- 0.72x
- Revenue Growth %
- 16.25%
- Operating Profit Growth %
- 24.32%
- Net Profit Growth %
- 67.75%
- 67.75%
- P/E (x)
- 87.56x
- P/B (x)
- 6.51x
- Dividend Yield %
- 0.59%
- 37.28x
Mar 2026
- EPS (₹)
- 7.78
- Book Value (₹)
- 267.69
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 10.76
- Operating Margin %
- 64.68%
- Net Margin %
- 21.01%
- ROE %
- 3.55%
- ROCE %
- 8.05%
- 1.80%
- Debtor Days
- 57
- Inventory Days
- 3
- Payable Days
- 0
- 60
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.41x
- 1.02x
- Revenue Growth %
- 7.86%
- Operating Profit Growth %
- 7.66%
- Net Profit Growth %
- -38.52%
- -42.36%
- P/E (x)
- 168.79x
- P/B (x)
- 4.91x
- Dividend Yield %
- 0.57%
- 40.62x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-21 - Adani Ports and Special Economic Zone Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Adani Ports and Special Economic Zone Limited has informed the Exchange about Schedule of meet
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating
2026-07-16 - Adani Ports and Special Economic Zone Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-03 - Adani Ports and Special Economic Zone Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-06-25 - Adani Ports and Special Economic Zone Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Apr 2026