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Adani Ports & Special Economic Zone Ltd logo

Adani Ports & Special Economic Zone Ltd

NSE: ADANIPORTS BSE: 532921

1381

(2.68)%

Mon, 02 Feb 2026, 06:22 am

Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (5.7x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (6.1x coverage).
  • Adani Ports and Special Economic Zone's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Adani Ports and Special Economic Zone's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Adani Ports and Special Economic Zone's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Adani Ports and Special Economic Zone's earnings are expected to exceed the low risk growth rate next year.
  • Adani Ports and Special Economic Zone's earnings are expected to increase by more than the low risk growth rate in 3 years time.
  • Performance (ROE) is expected to be above the current IN Infrastructure industry average.
  • An improvement in Adani Ports and Special Economic Zone's performance (ROE) is expected over the next 3 years.
  • Adani Ports and Special Economic Zone's revenue growth is expected to exceed the India market average.
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Cons

  • Cash flow for Adani Ports and Special Economic Zone is expected to decrease over the next 2 years.
  • Adani Ports and Special Economic Zone's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Adani Ports and Special Economic Zone's earnings growth is positive but not above the India market average.
  • Adani Ports and Special Economic Zone's net income is expected to increase but not above the 50% threshold in 2 years time.
  • Adani Ports and Special Economic Zone is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
  • Adani Ports and Special Economic Zone's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Adani Ports and Special Economic Zone's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • Adani Ports and Special Economic Zone is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adani Ports and Special Economic Zone is profitable, therefore cash runway is not a concern.
  • Adani Ports and Special Economic Zone is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (24.6%, greater than 20% of total debt).
  • The level of debt compared to net worth has been reduced over the past 5 years (162.3% vs 116.4% today).
  • Interest payments on debt are well covered by earnings (EBIT is 23.7x coverage).
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Cons

  • Debt is not covered by short term assets, assets are 0.5x debt.
  • Adani Ports and Special Economic Zone's long term commitments exceed its cash and other short term assets.
  • Adani Ports and Special Economic Zone's level of debt (116.4%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Adani Ports and Special Economic Zone board of directors is about average.
  • Karan's remuneration is lower than average for companies of similar size in India.
  • The tenure for the Adani Ports and Special Economic Zone management team is about average.
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Cons

  • Karan's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.

misc

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Pros

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    Cons

    • Adani Ports and Special Economic Zone has significant price volatility in the past 3 months.

    past

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    Pros

    • Adani Ports and Special Economic Zone's year on year earnings growth rate has been positive over the past 5 years.
    • Adani Ports and Special Economic Zone used its assets more efficiently than the IN Infrastructure industry average last year based on Return on Assets.
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    Cons

    • Adani Ports and Special Economic Zone's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • Adani Ports and Special Economic Zone's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Adani Ports and Special Economic Zone has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Adani Ports and Special Economic Zone's 1-year earnings growth is negative, it can't be compared to the IN Infrastructure industry average.

    value

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    Pros

    • ADANIPORTS outperformed the Infrastructure industry which returned -20.5% over the past year.
    • NSEI:ADANIPORTS is up 10.2% along with the Infrastructure industry (11%) over the past month.
    • NSEI:ADANIPORTS is up 10.2% outperforming the market in India which returned 8% over the past month.
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    Cons

    • Adani Ports and Special Economic Zone's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Adani Ports and Special Economic Zone's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Adani Ports and Special Economic Zone is overvalued based on assets compared to the IN Infrastructure industry average.
    • Adani Ports and Special Economic Zone is poor value based on expected growth next year.
    • Adani Ports and Special Economic Zone is overvalued based on earnings compared to the IN Infrastructure industry average.
    • Adani Ports and Special Economic Zone is overvalued based on earnings compared to the India market.
    • ADANIPORTS underperformed the Market in India which returned -14.5% over the past year.

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    Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800