Adani Ports and Special Economic Zone Ltd.

NSE: ADANIPORTS · Services

₹1,936.60+2.76%06 Nov 2026

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Instant answers about Adani Ports and Special Economic Zone Ltd. — computed from its filings, no language model

Market cap₹4,46,183 cr

Current price₹1,936.60

High / Low₹1,937 / ₹1,304

P/E38.7

P/B4.36

Book value₹443.8

ROE11.3%

ROCE12.9%

Debt / equity0.56

Dividend yield0.34%

EPS (TTM)₹50.06

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY18	FY19	FY21	FY22	FY23	FY24	FY26
Revenue	11,323	10,925	12,550	15,934	20,852	26,711	38,736
EBITDA	7,062	6,592	8,699	8,879	10,947	15,864	22,851
Operating margin	62.4%	60.3%	69.3%	55.7%	52.5%	59.4%	59.0%
Interest	1,495	1,385	2,255	2,541	2,363	2,846	4,654
Depreciation	1,188	1,373	2,107	2,740	3,423	3,888	5,517
Profit before tax	5,234	5,126	6,306	5,348	5,441	10,255	14,591
Tax	1,544	1,081	1,243	746	96	1,990	2,067
Net profit	3,674	0	4,994	4,728	5,310	8,111	915
EPS ₹	17.74	19.27	24.58	22.39	24.58	37.55	58.23
Operating cash flow	—	—	—	9,800	11,933	15,018	20,356
Capex	—	—	—	3,749	9,125	7,416	15,320
Dividend paid	—	—	—	1,027	1,093	1,080	1,535
Total assets	47,375	56,527	75,464	94,878	1,14,905	1,18,918	1,85,315
Equity	20,919	24,328	29,143	37,857	45,584	52,945	96,125

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '18	SEP '18	DEC '18	MAR '19	SEP '19	DEC '19	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	3,183	2,608	2,824	3,082	2,821	3,336	2,293	2,903	3,746	3,608	4,557	3,532	3,797	3,845	4,638	5,211	4,786	5,797	6,248	6,646	6,920	6,896	7,560	7,067	7,964	9,126	9,167	9,705	10,738	10,821	11,340
Operating profit	1,712	1,133	2,211	2,041	1,311	2,142	1,395	2,299	2,694	2,311	2,231	2,260	2,418	1,859	1,804	2,891	2,696	3,271	3,765	3,664	4,293	4,044	4,848	4,369	4,802	5,495	5,550	5,786	6,020	6,541	6,807
Operating margin	53.8%	43.4%	78.3%	66.2%	46.5%	64.2%	60.8%	79.2%	71.9%	64.1%	49.0%	64.0%	63.7%	48.3%	38.9%	55.5%	56.3%	56.4%	60.3%	55.1%	62.0%	58.6%	64.1%	61.8%	60.3%	60.2%	60.5%	59.6%	56.1%	60.4%	60.0%
Other income	304	314	345	410	506	494	457	521	528	465	382	534	626	573	461	438	265	382	384	305	507	303	495	305	223	296	837	234	752	853	269
Interest	392	296	393	443	520	467	453	557	612	633	530	616	667	649	617	577	534	623	633	520	976	619	515	659	923	846	1,223	980	1,605	1,087	1,006
Depreciation	299	352	343	356	410	430	455	462	594	597	609	621	693	675	724	854	884	845	950	974	985	979	1,012	1,077	1,106	1,255	1,264	1,384	1,615	1,711	1,713
Profit before tax	1,325	800	1,821	1,583	886	1,739	944	1,800	2,016	1,546	1,474	1,152	1,684	1,108	925	1,897	1,544	912	2,566	2,475	2,839	2,376	3,670	2,887	2,969	3,690	3,900	3,510	3,490	4,595	4,326
Tax	396	185	402	269	-173	382	185	404	436	218	171	219	261	137	-61	163	227	-222	371	759	533	326	485	473	501	537	570	568	392	658	783
Net profit	927	606	1,409	0	1,054	1,352	758	1,387	1,561	1,288	1,307	952	1,472	1,024	1,072	1,677	1,316	1,159	2,115	1,748	2,208	2,040	3,113	2,445	2,520	53	3,109	3,054	1,239	3,620	3,622
EPS ₹	4.48	2.92	6.80	6.21	5.09	6.66	3.73	6.83	7.69	6.34	6.41	4.66	6.97	4.85	5.08	7.77	6.09	5.37	9.79	8.09	10.22	9.44	14.41	11.32	11.67	15.34	14.39	14.04	14.45	15.71	15.72
Revenue YoY	—	—	—	-3.2%	8.2%	18.1%	—	2.9%	12.3%	—	98.8%	21.7%	1.4%	6.6%	1.8%	47.5%	26.0%	50.8%	34.7%	27.6%	44.6%	19.0%	21.0%	6.3%	15.1%	20.7%	29.7%	21.9%	—	18.6%	23.7%
Profit YoY	—	—	—	-100.0%	74.1%	-4.0%	—	31.6%	15.5%	—	72.4%	-31.4%	-5.7%	-20.5%	-17.9%	76.3%	-10.6%	13.2%	97.2%	4.2%	67.9%	76.0%	47.2%	39.9%	14.1%	-98.3%	27.2%	21.2%	—	6773.7%	16.5%

Earlier results (standalone, Dec '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Adani Ports and Special Economic Zone Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,135	2,482	3,361	4,346	3,903	4,631	4,916
Operating profit	737	1,712	2,475	2,740	2,610	3,290	3,723
Operating margin	64.9%	69.0%	73.6%	63.1%	66.9%	71.1%	75.7%
Other income	47	18	203	680	735	973	1,247
Interest	156	188	442	754	709	818	1,137
Depreciation	137	274	347	456	489	522	541
Profit before tax	514	1,270	1,889	2,210	2,148	2,924	3,293
Tax	53	92	135	194	-35	82	192
Net profit	461	1,177	1,754	2,016	2,183	2,842	3,101

Quarters

showing latest 8 of 39 periods

	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	205	329	254	296	301	284	307	327	338	416	414	451	530	620	691	642	789	764	892	915	1,718	878	880	870	879	1,110	954	960	1,065	1,560	1,060	946	1,055	1,302	1,324	1,235	1,806	1,527	1,417
Operating profit	125	235	177	206	189	166	220	234	233	290	274	310	363	411	481	458	600	571	652	652	983	620	569	568	603	742	625	641	752	1,208	733	597	721	990	926	1,086	1,038	1,096	1,233
Operating margin	60.6%	71.5%	69.8%	69.5%	62.8%	58.2%	71.8%	71.4%	69.0%	69.7%	66.2%	68.7%	68.5%	66.3%	69.7%	71.3%	76.0%	74.7%	73.1%	71.3%	57.2%	70.7%	64.6%	65.3%	68.6%	66.8%	65.5%	66.7%	70.6%	77.5%	69.1%	63.2%	68.4%	76.1%	69.9%	87.9%	57.5%	71.8%	87.0%
Other income	5	21	20	8	2	17	15	10	2	1	9	1	0	7	3	8	22	31	35	116	86	250	172	171	164	169	225	177	221	244	265	243	272	296	283	396	341	380	408
Interest	31	32	40	55	50	11	13	20	8	25	9	13	33	46	78	30	110	52	158	122	278	327	103	46	110	227	188	184	218	264	214	121	238	218	265	416	295	303	287
Depreciation	27	29	31	32	35	39	36	39	43	48	48	53	59	68	70	77	78	81	91	97	105	120	122	109	120	123	126	120	126	133	144	119	135	133	136	136	126	121	114
Profit before tax	72	195	126	126	107	155	186	184	184	218	226	244	271	303	336	359	434	468	438	549	687	423	516	584	537	560	536	515	630	1,055	639	600	620	935	809	929	958	1,052	942
Tax	19	104	30	14	6	4	15	10	20	7	14	16	17	30	25	21	16	38	22	59	24	76	39	56	32	31	-58	-40	11	18	19	34	17	19	64	92	367	371	416
Net profit	52	91	97	112	101	151	171	175	163	211	212	228	254	273	311	339	418	430	415	491	663	348	477	528	505	529	594	554	619	1,037	619	566	603	917	744	837	591	682	526
EPS ₹	1.39	2.26	2.42	2.80	2.52	3.77	4.26	4.36	4.07	5.27	1.06	1.14	1.27	1.36	1.55	1.69	2.09	2.14	2.07	2.45	3.28	1.68	2.30	2.55	2.44	2.56	2.87	2.68	2.99	5.01	2.99	2.73	2.91	4.43	3.59	4.04	2.85	3.29	2.54
Revenue YoY	—	—	—	—	46.5%	-13.4%	20.9%	10.6%	12.3%	35.5%	26.3%	33.4%	27.4%	49.9%	53.2%	—	49.1%	23.3%	29.2%	42.6%	117.6%	14.9%	-1.4%	-4.9%	-48.8%	26.5%	8.4%	10.3%	21.2%	40.5%	11.2%	-1.5%	-0.9%	-16.5%	24.9%	30.6%	71.1%	17.3%	7.0%
Profit YoY	—	—	—	—	92.2%	66.0%	76.4%	55.7%	61.9%	23.7%	21.1%	39.9%	20.4%	29.2%	35.9%	—	64.5%	57.1%	33.8%	44.8%	58.5%	-19.1%	14.8%	7.7%	-23.8%	52.3%	24.6%	4.9%	22.6%	95.9%	4.2%	2.1%	-2.6%	-11.6%	20.2%	47.9%	-2.0%	-25.6%	-29.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 19 periods

	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	17.1%	19.0%	17.5%	17.2%	12.6%	11.9%	12.1%	11.7%	11.5%	13.7%	13.0%	14.8%	15.3%	17.2%	17.2%	17.7%	7.8%	11.5%	11.3%
ROCE	13.5%	14.4%	13.5%	13.1%	9.5%	8.9%	9.3%	9.0%	7.9%	9.7%	10.2%	12.0%	13.1%	14.1%	14.4%	14.4%	12.7%	13.5%	12.9%
Net margin	39.8%	37.4%	33.1%	32.4%	30.2%	28.6%	30.0%	27.5%	25.6%	28.4%	27.0%	28.2%	30.4%	32.5%	34.5%	34.3%	19.2%	27.3%	27.1%
EBITDA margin	69.3%	64.4%	61.5%	59.5%	55.7%	52.7%	51.3%	50.1%	52.2%	57.3%	57.1%	58.5%	59.0%	60.1%	61.7%	61.3%	59.0%	59.1%	59.0%
Debt / equity	1.18	1.18	1.18	1.18	1.20	1.20	1.01	1.01	1.11	1.11	0.97	0.97	0.87	0.87	0.77	0.77	0.57	0.57	0.56
Interest coverage	3.80	3.93	3.59	3.39	3.20	2.91	3.24	3.30	3.25	3.92	4.25	4.20	4.73	5.32	5.25	5.38	4.14	4.17	4.40
Asset turnover	0.17	0.20	0.20	0.21	0.17	0.17	0.18	0.19	0.18	0.19	0.21	0.22	0.22	0.24	0.23	0.23	0.21	0.22	0.22

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	417	417	414	414	414	414	406	406	422	422	432	432	432	432	432	461	461
Other equity / reserves	8,351	10,351	12,967	16,973	20,505	23,914	24,998	28,737	37,435	42,971	45,152	48,261	52,513	56,744	66,646	95,665	1,01,779
Total equity	8,768	10,768	13,382	17,387	20,919	24,328	25,404	29,143	37,857	43,394	45,584	48,693	52,945	57,176	67,078	96,125	1,02,240
Borrowings	11,694	15,155	18,953	20,527	20,630	26,071	27,725	34,401	45,453	43,670	50,518	47,177	46,279	44,059	51,082	55,103	57,717
Current liabilities	—	—	7,897	6,556	4,009	10,352	7,696	7,236	11,136	8,902	11,403	12,484	16,415	15,149	22,539	15,760	27,862
Non-current liabilities	—	—	17,079	19,364	22,148	21,428	28,664	36,155	45,099	46,907	55,058	51,329	47,912	51,737	54,913	70,573	63,737
Total assets	24,677	32,082	38,606	43,585	47,375	56,527	62,204	75,464	94,878	99,849	1,14,905	1,14,123	1,18,918	1,26,015	1,47,207	1,85,315	1,96,921
Property, plant & equipment	13,010	17,808	16,467	16,663	18,444	22,781	25,745	36,792	39,577	46,905	51,956	53,840	55,613	59,696	75,315	1,02,004	1,05,119
Capital work-in-progress	2,025	1,276	1,967	4,514	4,545	4,483	3,216	3,697	3,986	5,790	6,814	8,779	10,936	13,328	10,104	12,672	19,266
Investments	63	260	545	1,134	1,079	514	12	1,139	48	3,397	7,587	4,935	4,289	4,489	5,195	5,449	5,399
Inventories	169	259	212	657	520	807	288	992	381	455	452	478	438	541	541	685	789
Receivables	1,428	1,727	1,959	1,978	3,540	2,432	2,589	2,386	2,170	3,271	3,941	3,290	3,667	3,540	5,577	6,383	6,894
Cash & equivalents	—	634	843	950	823	4,798	7,195	4,198	8,597	1,722	932	836	1,576	714	3,378	5,162	5,074

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	1,132	3,057	2,381	4,063	5,608	6,029	7,402	7,556	9,800	11,933	15,018	20,356
Cash from investing	-2,510	-2,485	-4,153	-2,639	-3,846	-4,424	-750	-14,143	-7,423	-16,939	-6,768	-13,118
Cash from financing	772	-237	2,170	-1,325	-1,889	2,313	-4,256	3,514	2,042	-2,734	-7,800	-5,483
Capex	1,246	1,801	2,125	3,748	2,732	2,940	3,621	1,954	3,749	9,125	7,416	15,320
Free cash flow	-114	1,256	256	314	2,876	3,089	3,780	5,602	6,051	2,808	7,601	5,036
Dividends paid	—	35	93	—	—	—	—	—	1,027	1,093	1,080	1,535

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,05,119 cr53%

CWIP

₹19,266 cr10%

Investments

₹5,399 cr3%

Inventories

₹789 cr0%

Receivables

₹6,894 cr4%

Cash & equivalents

₹5,074 cr3%

Other assets

₹54,380 cr28%

Peer comparison

largest in Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Ports and Special Economic Zone Ltd.	4,46,183	1,936.60	38.7	4.36	11.3%
InterGlobe Aviation Ltd.	2,11,757	5,476.00	—	42.39	-82.1%
GMR Airports Ltd.	1,05,277	98.75	210.4	—	—
JSW Infrastructure Ltd.	78,694	338.30	54.6	4.37	8.0%
Container Corporation of India Ltd.	33,496	439.80	27.5	2.51	9.1%
Delhivery Ltd.	32,070	428.00	171.2	3.27	1.9%
Redington Ltd.	25,602	327.50	13.8	2.38	17.2%
Firstsource Solutions Ltd.	20,467	293.65	28.3	4.20	14.8%
Great Eastern Shipping Co. Ltd.	20,398	1,428.70	5.4	1.20	22.1%
International Gemological Institute Ltd.	17,606	407.40	34.1	10.05	29.5%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+10.7%

6 months+11.8%

1 year+33.1%

3Y CAGR+34.1%

5Y CAGR+21.6%

10Y CAGR+20.8%

50-day avg₹1,763.25

200-day avg₹1,665.20

RSI (14)73

Long-term financials (FY13–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹7,256 Cr	₹3,157 Cr	₹-42 Cr
FY15	₹6,152 Cr	₹2,501 Cr	₹2,324 Cr
FY14	₹4,824 Cr	₹1,978 Cr	₹1,740 Cr
FY13	₹3,577 Cr	₹1,677 Cr	₹1,623 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Adani Ports and Special Economic Zone Ltd. with

Adani Ports and Special Economic Zone vs InterGlobe Aviation Adani Ports and Special Economic Zone vs GMR Airports Adani Ports and Special Economic Zone vs JSW Infrastructure Adani Ports and Special Economic Zone vs Container Corporation of India

FAQs

What is the share price of Adani Ports and Special Economic Zone Ltd.?

Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) closed at ₹1,936.60 on NSE on 06 Nov 2026.

What is the market cap of Adani Ports and Special Economic Zone Ltd.?

₹4,46,183 crore at the latest close.

What is the P/E ratio of Adani Ports and Special Economic Zone Ltd.?

38.7, on trailing-twelve-month earnings from its filings.

How fast is Adani Ports and Special Economic Zone Ltd. growing?

Adani Ports and Special Economic Zone Ltd.: revenue has compounded at 34.5% a year over three years; net profit at -42.2% a year. Latest-quarter revenue is up 23.7% year on year, profit up 16.5%.

How profitable is Adani Ports and Special Economic Zone Ltd.?

On a trailing-twelve-month basis return on equity is 11.3%, return on capital employed 12.9%, operating margin 59.0%, net margin 27.1%.

How much debt does Adani Ports and Special Economic Zone Ltd. have?

Adani Ports and Special Economic Zone Ltd. is moderately geared: debt to equity is 0.56 with borrowings of ₹57,717 cr against cash of ₹5,074 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.4 times.

Financials parsed from Adani Ports and Special Economic Zone Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.