Adani Ports and Special Economic Zone
- Market cap
- ₹ 3,92,364 Cr.
- P/E
- 29.4x
- P/B
- 4.2x
- 52-week range
- 1,292 – 1,891.1
- ROE
- 16%
- ROCE
- 14%
- Dividend yield
- 0.4%
- Debt / equity
- 0.66
- Sector
- Transport Infrastructure
- Industry
- Port & Port services
- Listed on
- NSE, BSE
About
Adani Ports and Special Economic Zone Limited is an India-based integrated ports and logistics company. Its segments include port and special economic zone (SEZ) activities, and other. The port and SEZ activities segment, which includes developing, operating and maintaining the port services, port related infrastructure development activities and development of infrastructure in a contiguous special economic zone. The Other Segment mainly includes Aircraft Operating Income, Warehousing and transportation of food grains. Its presence across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Kerala, Andhra Pradesh, Tamil Nadu, Odisha and others. The ports are equipped to handle diverse cargos, from dry cargo, liquid cargo, and crude to containers. Its ports & terminals include Gangavaram Port, Karaikal Port, Krishnapatnam Port, Mundra Port, Gopalpur Port, and others. It also owns north queensland export terminal (NQXT), a natural deep-water, multi-user export terminal.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Port & Port services: 6 companies →Adani Ports and Special Economic Zone against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)29.4 against a typical 23.6: pricier than most peers (1st = cheapest).4th of 6
- Sales growth+18.6% against a typical +16.3% from a year earlier.2nd of 6
- Profit growth+10.2% against a typical +7% from a year earlier.2nd of 5
- Share price, 3 months+2.4% against a typical +0.9%.2nd of 6
- Size₹ 3,92,364.2 Cr. market value against a typical ₹ 4,066.7 Cr. (1st = largest).1st of 6
Latest announcements
Exchange filings and their impact on the company.
- Strong Q2 with 24% revenue and 18% profit growth keeps Adani Ports on a high-growth path.
Adani Ports reported Q2 FY27 consolidated revenue of Rs 11,340 crore, up 23.7% from last year, and net profit of Rs 3,682 crore, up 18%, with operating margin steady at 60%. For the half year, revenue was Rs 22,161 crore and profit Rs 7,332 crore, backed by strong operating cashflow of Rs 13,327 crore funding heavy capex. The company also noted the US SEC civil case and US DOJ indictment against a non-executive director were fully concluded in August 2026 with no impact on the company.
- APSEZ set up a new subsidiary for two dry bulk berths at Paradip Port, a small long-term capacity positive.
Adani Ports incorporated a wholly owned subsidiary, Paradip Mahanadi Terminal Limited, on October 6, 2026 with Rs 5 lakh capital. The subsidiary will develop and operate two dry bulk berths at Paradip Port in Odisha and is yet to start operations. This is an early-stage capacity expansion with no near-term revenue, but it strengthens APSEZ's long-term port footprint.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AAA | Stable | 15 Jul 2026 |
| CARE | Withdrawn | Stable | 3 Jul 2026 |
| India Ratings | IND AAA | Stable | 1 Apr 2026 |
| CRISIL | Withdrawn | Stable | 20 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Jul 2026 | Reaffirmed | [ICRA]AAA | — | ICRA | ₹ 33,720 Cr. | |
| 3 Jul 2026 | Withdrawn | was CARE AAA | — | CARE | ₹ 46,574 Cr. | |
| 1 Apr 2026 | Reaffirmed | IND AAA | — | India Ratings | ₹ 33,972 Cr. | |
| 20 Nov 2025 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 33,972 Cr. | |
| 16 Oct 2025 | Withdrawn | was IND AAA | — | India Ratings | ₹ 19,552 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 3 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 31 May 2025 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,646 | 6,920 | 6,896 | 7,560 | 7,067 | 7,964 | 8,488 | 9,126 | 9,167 | 9,705 | 10,738 | 10,821 |
| Expenses | 2,982 | 2,724 | 2,887 | 2,820 | 2,700 | 3,161 | 3,482 | 3,631 | 3,827 | 3,919 | 4,718 | 4,568 |
| Operating Profit | 3,664 | 4,196 | 4,009 | 4,739 | 4,367 | 4,802 | 5,006 | 5,495 | 5,340 | 5,786 | 6,020 | 6,253 |
| OPM % | 55% | 61% | 58% | 63% | 62% | 60% | 59% | 60% | 58% | 60% | 56% | 58% |
| Other Income | 351 | 507 | −70 | 349 | 254 | 247 | 426 | 453 | 837 | 189 | 900 | 853 |
| Interest | 520 | 976 | 619 | 484 | 659 | 923 | 715 | 846 | 1,223 | 980 | 1,605 | 1,087 |
| Depreciation | 974 | 985 | 979 | 1,012 | 1,077 | 1,106 | 1,185 | 1,255 | 1,264 | 1,384 | 1,615 | 1,711 |
| Profit before tax | 2,521 | 2,741 | 2,341 | 3,593 | 2,885 | 3,020 | 3,532 | 3,848 | 3,690 | 3,611 | 3,700 | 4,307 |
| Tax % | 30% | 19% | 14% | 14% | 16% | 17% | 14% | 14% | 15% | 16% | 11% | 15% |
| Net Profit | 1,762 | 2,208 | 2,015 | 3,107 | 2,413 | 2,518 | 3,023 | 3,311 | 3,120 | 3,043 | 3,308 | 3,650 |
| EPS in Rs | 8.09 | 10.22 | 9.44 | 14.41 | 11.32 | 11.67 | 13.95 | 15.34 | 14.39 | 13.25 | 14.45 | 15.71 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 18%
- 5 Years
- 25%
- 3 Years
- 23%
- TTM
- 24%
- 10 Years
- 16%
- 5 Years
- 21%
- 3 Years
- 27%
- TTM
- 17%
- 10 Years
- 20%
- 5 Years
- 20%
- 3 Years
- 25%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 17%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Adani Ports and Special Economic Zone | ₹ 1,761.30 | ₹ 3,92,364 Cr. | 29.4x | 4.2x | 16% | — |
| GMR Airports | ₹ 87.00 | ₹ 91,863 Cr. | 567.5x | — | — | 3.2% |
| JSW Infrastructure | ₹ 315.60 | ₹ 73,535 Cr. | 44.8x | 6.6x | 14.8% | 28.9% |
| Aegis Vopak Terminals | ₹ 242.00 | ₹ 26,813 Cr. | 95.1x | 7x | 11% | 37% |
| Shreeji Shipping Global | ₹ 775.25 | ₹ 12,518 Cr. | 61.2x | 12.6x | 29.9% | 21.5% |
| Gujarat Pipavav Port | ₹ 156.00 | ₹ 7,526 Cr. | 14.6x | 3.1x | 21.8% | 44.4% |
Management
- Ashwani Gupta
- Chief Executive Officer, Whole-Time Director
- Sreedhar Krishna Menon
- Chief Financial Officer
- Kamlesh Bhagia
- Compliance Officer, Company Secretary
- Karan G. Adani
- Managing Director, Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.