Adani Port & SEZ Ltd
NSE: ADANIPORTS · Port & Port services · sector
₹1,752.50NSE close 2026-10-26
Key numbers
Market cap₹4,03,767 cr
Price₹1,752.50
52w high / low₹1,891 / ₹1,292
P/E29.9xSector median 14.6x
P/B4.2xSector median 2.5x
Book value₹417.2
Dividend yield0.38%Sector median 0.38%
ROE13.9%Sector median 13.6%
ROCE13.5%Sector median 13.4%
OPM58.6%Sector median 33.7%
Debt / equity0.57xSector median 0.15x
EV/EBITDA19.0xSector median 13.9x
Interest cover4.2x
Current ratio1.39x
Sales growth 3y+22.9%Sector median +7.6%
Profit growth 3y-44.4%Sector median +5.4%
PEG0.90x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Port & Port services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9,738 cr vs borrowings ₹55,103 cr (FY26): borrowings are higher by ₹45,365 cr.
- Operating profit covered interest 4.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 24% of net profit in the last 12 months.
- Debtor days went from 50 (FY24) to 60 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,752.50 on 2026-10-26: -7.3% from the 52-week high, +35.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,848.20 · low ₹1,053.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,067 | 7,964 | 8,488 | 9,126 | 9,167 | 9,705 | 10,738 | 10,821 |
| EBITDA | 4,317 | 4,774 | 4,982 | 5,495 | 5,550 | 5,640 | 5,958 | 6,541 |
| OPM % | 61.1% | 60.0% | 58.7% | 60.2% | 60.5% | 58.1% | 55.5% | 60.4% |
| Other income | 305 | 223 | 281 | 296 | 837 | 234 | 752 | 853 |
| Net profit | 2,445 | 2,520 | 3,014 | 53 | 3,109 | 3,054 | 1,239 | 3,620 |
| EPS (₹) | 11.32 | 11.67 | 13.95 | 15.34 | 14.39 | 14.04 | 14.45 | 15.71 |
| Revenue YoY | +29.7% | +21.9% | +26.5% | +18.6% | ||||
| Profit YoY | +27.2% | +21.2% | -58.9% | +6,773.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 15,934 | 20,852 | 26,711 | 31,079 | 38,736 | 40,430 |
| EBITDA | 8,474 | 9,674 | 15,490 | 18,775 | 22,644 | 23,689 |
| Net profit | 4,728 | 5,310 | 8,111 | 11,092 | 915 | 11,022 |
| EPS (₹) | 22.39 | 24.58 | 37.55 | 51.35 | 58.23 | 58.59 |
| Revenue growth | +30.9% | +28.1% | +16.4% | +24.6% | +23.9% | |
| Profit growth | +12.3% | +52.7% | +36.8% | -91.8% | +37.2% | |
| Dividend / share (₹) | 5.00 | 5.00 | 5.00 | 6.00 | 7.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +22.9% | +25.3% | +23.8% |
| Net profit | -44.4% | -28.8% | +37.2% |
| EPS | +33.3% | +18.8% | – |
| Share price | – | +12.8% (2y) | +18.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 45,584 | 52,945 | 62,435 | 96,125 |
| Borrowings | – | 50,518 | 46,279 | 45,810 | 55,103 |
| Cash & equivalents | – | 8,277 | 8,294 | 7,358 | 9,738 |
| Total assets | – | 1,14,905 | 1,18,918 | 1,35,332 | 1,85,315 |
| Fixed assets | – | 51,956 | 55,613 | 68,572 | 1,02,004 |
| Capital work in progress | – | 6,814 | 10,936 | 11,592 | 12,672 |
| Investments | – | 1,059 | 920 | 825 | 853 |
| Receivables | – | 3,941 | 3,667 | 4,432 | 6,383 |
| Inventory | – | 452 | 438 | 522 | 685 |
| Payables | – | 1,828 | 2,167 | 2,720 | 2,736 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 9,800 | 11,933 | 15,018 | 17,226 | 20,356 |
| Cash from investing | -7,423 | -16,939 | -6,768 | -8,480 | -13,118 |
| Cash from financing | 2,042 | -2,734 | -7,800 | -6,916 | -5,483 |
| Capex | 3,749 | 9,125 | 7,416 | 8,049 | 15,320 |
| Free cash flow | 6,051 | 2,808 | 7,601 | 9,177 | 5,036 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.6% | 15.3% | 17.8% | 1.0% |
| ROCE % | – | 8.1% | 13.2% | 14.5% | 12.7% |
| Debtor days | – | 69 | 50 | 52 | 60 |
| Inventory days | – | 8 | 6 | 6 | 6 |
| Payable days | – | 32 | 30 | 32 | 26 |
| Cash conversion cycle (days) | – | 45 | 26 | 26 | 40 |
| Working capital days | – | 72 | 12 | -26 | 59 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 66.03% |
| FIIs | 15.95% |
| DIIs | 13.25% |
| of which Mutual funds | 4.95% |
| of which Insurance | 7.17% |
| Government | 0.00% |
| Public (non-institutions) | 4.77% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 65.89% | 65.89% | 65.89% | 68.02% | 68.02% | 68.02% | 66.03% | 66.03% |
| Promoter group | % |
|---|---|
| Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust) | 30.85% |
| Carmichael Rail And Port Singapore Holdings Pte. Ltd. | 6.24% |
| Adani Tradeline Private Limited | 6.00% |
| Emerging Market Investment Dmcc | 5.91% |
| Flourishing Trade And Investment Ltd | 5.40% |
| Afro Asia Trade And Investments Limited | 3.90% |
| Adani Rail Infra Private Limited | 3.07% |
| Resurgent Trade And Investment Ltd | 2.30% |
| Worldwide Emerging Market Holding Limited | 1.75% |
| Spitze Trade And Investment Limited | 0.54% |
| Adani Properties Private Limited | 0.07% |
| Gautambhai Shantilal Adani | 0.00% |
| Rajeshbhai Shantilal Adani | 0.00% |
| Jeet Gautam Adani | 0.00% |
| Karan Gautam Adani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 6.43% |
| Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund | 1.72% |
| Sbi Nifty 50 Etf | 1.45% |
| New World Fund Inc | 1.28% |
10,70,249 shareholders. Pledged: 0.00% of promoter shares.
Peers in Port & Port services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIPORTS | ₹4,03,767 cr | 29.9x | 4.2x | 13.9% | 13.5% | 58.6% | +22.9% | 0.38% |
| JSWINFRA | ₹73,760 cr | 44.6x | 6.8x | 14.4% | 13.3% | 46.9% | – | 0.23% |
| GPPL | ₹7,647 cr | 13.7x | 3.2x | 23.6% | 30.8% | 64.1% | +8.1% | 6.07% |
| ATL | ₹627 cr | 15.5x | 1.8x | 13.4% | 30.5% | 20.4% | – | – |
| STARLOG | ₹53 cr | 4.5x | 0.8x | -18.9% | -16.6% | -75.4% | +7.2% | – |
| VMS | ₹26 cr | 9.9x | 0.3x | 1.5% | 4.6% | -0.3% | +3.9% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Port and SEZ Activities | ₹33,532 cr | 86.0% | ₹16,942 cr | 50.5% |
| Others | ₹5,439 cr | 14.0% | ₹649 cr | 11.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 7.50 Per Share |
| 2025-06-13 | Dividend | Dividend - Rs 7 Per Share |
| 2024-06-14 | Dividend | Dividend - Rs 6 Per Share |
| 2023-07-28 | Dividend | Dividend - Rs 5 Per Share |
| 2022-07-14 | Dividend | Dividend - Rs 5 Per Share |
| 2021-06-24 | Dividend | Dividend - Rs 5 Per Sh |
| 2020-06-17 | Other | Annual General Meeting |
| 2020-03-16 | Dividend | Interim Dividend - Rs 3.20 Per Share |
| 2019-07-26 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2019-06-20 | Buyback | Buyback |
| 2018-07-26 | Dividend | Annual General Meeting/Dividend- Rs 2 Per Share |
| 2017-07-31 | Dividend | Annual General Meeting/Dividend - Rs 1.30 Per Share |
| 2016-07-29 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 1.10/- Per Share (Purpose Revised) |
| 2015-05-22 | Dividend | Dividend - Rs 1.10/- Per Share |
| 2014-07-31 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2013-07-30 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2012-07-30 | Dividend | Annual General Meeting/ Dividend Rs 0.70 Per Share |
| 2012-02-13 | Dividend | Interim Dividend Re.0.30 Per Share (Purpose Revised) |
| 2011-08-03 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Transport and storage: Services incidental to land, water & air transportation
| Sector | Services |
| Industry | Port & Port services |
| Sub-industry | Port & Port services |
| Symbol | ADANIPORTS |
| BSE code | 532921 |
| ISIN | INE742F01042 |
| Face value | ₹2.0 |
| Incorporated | 1998-05-26 |
| Website | www.adaniports.com |
| Plants (India / abroad) | 50 / 4 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.