Adani Ports shares: Today, in this post we’ll discuss about Adani Ports latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Shares of Adani Ports and Special Economic Zone Limited (Adani Ports)(NSE: ADANIPORTS) have set a new record the previous day.
The shares of the company experienced a rise of 3.5 percent and hit a 52-week high of 1425.
Based on the broker, this stock will likely climb further in the upcoming days.
The global broker is optimistic about Adani Ports and Special Economic Zone Ltd (Adani Ports) and expects the stock to rise by 23 percent from its previous closing.
The brokerage anticipates Adani Ports and Special Economic Zone Ltd Adani Group company to register an impressive performance during the March 2024 quarter.
What Is The Target Price?
Brokerage is maintaining its ‘buy rating for the stock and the foreign brokerage has increased its price target on Adani Ports up to Rs 1722 per share, up from 1,564.
This could be a rise of 28 percent over the last closing on Monday.
However, the world’s largest company Morgan Stanley has maintained its “overweight” stance for the stock and has set the target price of 1,576.
Brokerage stated that Adani Ports will likely have strong results with positive volume, revenues, EBITDA growth, and good cash flows over the three months ending on March 31st, 2024.
The strong volume growth should result in core port EBITDA growing by around 29 percent on an annual (YoY) scale.
The State Of The Shares
The company surpassed its 52-week record high of 1,425 rupees.
The company’s mcap was higher than the benchmark of 3. 1 lakh crore at first. The stock opened at 2399.85 in the today trading session on Wednesday.
About Adani Ports
Adani Ports and Special Economic Zone Limited along with its subsidiaries, manages and maintains port infrastructure facilities across India.
The company manages 13 terminals and ports, including break bulk and bulk containers, liquid LNG, LPG, and crude cargoes.
It also takes part in port-related infrastructure development and the construction of infrastructure in the proximity to the Special Economic Zone at Mundra.
It provides logistic services, including first-mile and last-mile solutions via logistics parks, container rails, bulk cargo logistic solutions, warehousing and roads, auto, and agriculture logistics services.
It also offers non-scheduled passenger airlines, hospitals, and other related services; and marine services including lay-up, pilotage, and maintaining buoys.
The company also takes part in the development, construction maintenance, operation, and maintenance of railway corridors, and land development.
Fundamental Analysis of Adani Ports
| Market Cap | ₹ 3,03,316 Cr. |
| Current Price | ₹ 1395.15 |
| 52-wk High | ₹ 1,425 |
| 52-wk Low | ₹ 625 |
| Stock P/E | 34.5 |
| Book Value | ₹ 225 |
| Dividend | 0.36 % |
| ROCE | 9.53 % |
| ROE | 14.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 6.23 |
| OPM | 57.9 % |
| EPS | ₹ 33.5 |
| Debt | ₹ 50,060 Cr. |
| Debt to Equity | 1.03 |
Adani Ports Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 65.13% |
| Mar 2023 | 61.03% |
| June 2023 | 62.89% |
| Sept 2023 | 65.53% |
| Dec 2023 | 65.89% |
| FII Holding | |
| Dec 2022 | 13.77% |
| Mar 2023 | 17.99% |
| June 2023 | 16.99% |
| Sept 2023 | 13.83% |
| Dec 2023 | 14.72% |
| DII Holding | |
| Dec 2022 | 14.46% |
| Mar 2023 | 13.02% |
| June 2023 | 12.45% |
| Sept 2023 | 13.27% |
| Dec 2023 | 12.01% |
| Govt. Holding | |
| Dec 2022 | 0.03% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 6.62% |
| Mar 2023 | 7.95% |
| June 2023 | 7.66% |
| Sept 2023 | 7.37% |
| Dec 2023 | 7.39% |
Adani Ports Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 10,925 Cr |
| 2020 | ₹ 11,873 Cr |
| 2021 | ₹ 12,550 Cr |
| 2022 | ₹ 17,119 Cr |
| 2023 | ₹ 25,611 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 4,045 Cr |
| 2020 | ₹ 3,785 Cr |
| 2021 | ₹ 5,049 Cr |
| 2022 | ₹ 4,953 Cr |
| 2023 | ₹ 7,230 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.07 |
| 2020 | 1.09 |
| 2021 | 1.13 |
| 2022 | 1.19 |
| 2023 | 1.09 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | 11% |
| 3 Years: | 18% |
| Current Year: | 68% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 18% |
| 5 Years: | 16% |
| 3 Years: | 15% |
| Last Year: | 14% |
Sales Growth Over 10 Years:
| 10 Years: | 19% |
| 5 Years: | 13% |
| 3 Years: | 21% |
| Current Year: | 33% |
Company’s Positive Signs:
- The Company has maintained a steady dividend payment of 20.8 percent.
- The company has maintained an impressive dividend of 20.8 percent.
- The company’s median growth in sales is 18.7 percent in the past 10 years.
Company’s Negative Signs:
- The price of the stock is 5.86 times the book value.
- The tax rate appears to be low.
- The company may be capitalizing on the interest expense.
Conclusion
This article is a complete guide about Adani Ports and Special Economic Zone Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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