Adani Ports and Special Economic Zone

NSE: ADANIPORTSBSE: 532921
Compare with peers
₹ 1,761.30▲ 6.8 (+0.39%)28 Oct, 03:28 pm IST
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.

  • 28 Oct 2026Outcome of Board MeetingHigh impactPositivePrice +0.4% that day
    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.

    Filing
  • 6 Oct 2026General UpdatesLow impactPositivePrice −1.9% on 7 Oct
    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.

    Filing

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
AAA
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AAAStable15 Jul 2026
CAREWithdrawnStable3 Jul 2026
India RatingsIND AAAStable1 Apr 2026
CRISILWithdrawnStable20 Nov 2025
Credit rating actions
RatingDetails
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 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
29 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
30 Apr 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
3 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
4 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
5 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
31 May 2025Other business mattersTo consider other business matters

Share price

1Y change +23.98%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,6466,9206,8967,5607,0677,9648,4889,1269,1679,70510,73810,821
Expenses2,9822,7242,8872,8202,7003,1613,4823,6313,8273,9194,7184,568
Operating Profit3,6644,1964,0094,7394,3674,8025,0065,4955,3405,7866,0206,253
OPM %55%61%58%63%62%60%59%60%58%60%56%58%
Other Income351507−70349254247426453837189900853
Interest5209766194846599237158461,2239801,6051,087
Depreciation9749859791,0121,0771,1061,1851,2551,2641,3841,6151,711
Profit before tax2,5212,7412,3413,5932,8853,0203,5323,8483,6903,6113,7004,307
Tax %30%19%14%14%16%17%14%14%15%16%11%15%
Net Profit1,7622,2082,0153,1072,4132,5183,0233,3113,1203,0433,3083,650
EPS in Rs8.0910.229.4414.4111.3211.6713.9515.3414.3913.2514.4515.71

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
18%
5 Years
25%
3 Years
23%
TTM
24%
Compounded Profit Growth
10 Years
16%
5 Years
21%
3 Years
27%
TTM
17%
Stock Price CAGR
10 Years
20%
5 Years
20%
3 Years
25%
TTM
—
Return on Equity
10 Years
17%
5 Years
17%
3 Years
18%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
66.03%
+0.14 pts in a year
FIIs
15.58%
+2.05 pts in a year
DIIs
13.6%
−1.55 pts in a year
Public
4.79%
−0.67 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 29.4xEPS (12 months) ₹ 60.00Median P/E 27x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Adani Ports and Special Economic Zone₹ 1,761.30₹ 3,92,364 Cr.29.4x4.2x16%—
GMR Airports₹ 87.00₹ 91,863 Cr.567.5x——3.2%
JSW Infrastructure₹ 315.60₹ 73,535 Cr.44.8x6.6x14.8%28.9%
Aegis Vopak Terminals₹ 242.00₹ 26,813 Cr.95.1x7x11%37%
Shreeji Shipping Global₹ 775.25₹ 12,518 Cr.61.2x12.6x29.9%21.5%
Gujarat Pipavav Port₹ 156.00₹ 7,526 Cr.14.6x3.1x21.8%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.