āagman

Not investment advice. Data and computed figures, for information only.

Adani Ports & Special Economic Zone Ltd

NSE: ADANIPORTSF&O
₹1,750.80
+₹7.60 (+0.44%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,05,727 Cr
CMP
₹1,750.80
52-wk High / Low
₹1,891 / 1,292
P/E
30.5
P/B
4.2
Book Value
₹416.0
Div Yield
0.43%
ROCE
14.0%
ROE
16.4%
Face Value
₹2
D/E
0.66

Price+21.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹721
√(22.5 × EPS × book value per share)
ROIC
9.4%
vs 9.3% sector median
Cash flow to profit
1.59
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−243
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.2%
ROE × earnings retention ratio
ROE stability
2.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.99FII +2.70DII −0.60
Latest quarter vs the previous one
Cash-accrual divergence
−4.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-7.4%)
+Promoter holding rose by 5pp over the last year
Watch-outs
−Borrowings are up 184.5% since FY2016 (22342 to 63566)
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,2486,6466,9206,8967,5607,0677,9648,4889,1269,1679,70510,73810,821
Expenses2,5582,9822,7242,8872,8202,7003,1613,4823,6313,8273,9194,7184,568
Operating Profit3,6893,6644,1964,0094,7394,3674,8025,0065,4955,3405,7866,0206,253
OPM %59.0%55.1%60.6%58.1%62.7%61.8%60.3%59.0%60.2%58.3%59.6%56.1%57.8%
Other Income384351507−70349254247426453837189900853
Interest6335209766194846599237158461,2239801,6051,087
Depreciation9509749859791,0121,0771,1061,1851,2551,2641,3841,6151,711
Profit before tax2,4912,5212,7412,3413,5932,8853,0203,5323,8483,6903,6113,7004,307
Net Profit2,1191,7622,2082,0153,1072,4132,5183,0233,3113,1203,0433,3083,650
EPS (₹)9.798.0910.229.4414.4111.3211.6713.9515.3414.3913.2514.4515.71

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,1527,1098,43911,32310,92511,87312,55017,11920,85226,71130,47538,73640,430
Expenses2,2502,5323,0214,1664,3305,9263,8627,5919,90511,12112,05415,86817,032
Operating Profit3,9024,5775,4187,1576,5965,9478,6889,52810,94715,58918,42122,86823,399
OPM %63.4%64.4%64.2%63.2%60.4%50.1%69.2%55.7%52.5%58.4%60.4%59.0%57.9%
Other Income6867301,0378441,2891,9281,9671,8323276711,8002,1522,778
Interest1,1751,1241,1161,5791,3851,9512,2552,5442,3632,7332,8134,6544,895
Depreciation9121,0631,1601,1881,3731,6802,1073,0993,4253,8884,3795,5175,974
Profit before tax2,5013,1194,1795,2345,1264,2446,2925,7175,4879,63913,03014,84915,308
Net Profit2,3242,8563,9023,6904,0453,7855,0494,9535,3918,10411,06112,78213,121
EPS (₹)11.1813.9918.8917.7419.2718.5224.5823.1324.5837.5551.3555.5857.80

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital414414414414414406406422432432432461—
Reserves10,35113,09117,11220,48923,95825,05130,03541,39944,95752,34661,83795,498—
Borrowings17,77622,34222,21422,37027,71230,24235,85547,93553,43449,47051,62163,566—
Other Liabilities3,5412,5383,6293,9604,2286,2178,2858,57213,74014,75119,55323,574—
Total Liabilities32,08238,38543,36947,23356,31161,91774,58298,3281,12,5631,16,9991,33,4431,83,099—
Fixed Assets20,52720,88321,05422,67028,12132,71548,29162,55372,22475,14889,6161,31,652—
CWIP1,2761,9674,5144,5454,4833,2163,6974,0236,63710,93611,70612,689—
Investments2605451,1611,0797821,1782,2363,1617,4324,2894,6595,449—
Other Assets10,02014,99016,64118,93822,92424,80820,35828,59126,27126,62727,46133,308—
Total Assets32,08238,38543,36947,23356,31161,91774,58298,3281,12,5631,16,9991,33,4431,83,099—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,1323,0572,3814,0635,6086,0297,4027,55610,42011,90015,01817,22620,356
Cash from Investing Activity−2,510−2,485−4,153−2,629−3,846−4,368−749−14,064−5,493−16,716−6,947−9,788−13,191
Cash from Financing Activity772−2372,170−1,325−1,8892,313−4,2563,514−586−2,734−7,800−6,916−5,483
Net Cash Flow−606335398109−1273,9752,397−2,9944,341−7,5502715231,682

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.014.013.014.017.014.012.014.011.010.013.015.014.0
ROE %————————————16.4
EPS (₹)8.4011.1813.9918.8917.7419.2718.5224.5823.1324.5837.5551.3555.58
Book Value (₹)————————————416.0
Face Value (₹)————————————2
P/E————————————30.5
Div Yield %————————————0.43
NPM %—34.036.441.230.333.127.434.826.125.529.634.331.3
OPM %60.063.064.064.063.060.050.069.056.052.058.060.059.0
D/E—1.651.651.271.071.141.191.181.151.180.940.830.66
P/B————————————4.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+18.0%
5 years+25.0%
3 years+23.0%
TTM+24.0%
Compounded profit growth
10 years+16.0%
5 years+21.0%
3 years+27.0%
TTM+17.0%
Stock price CAGR
10 years+22.0%
5 years+19.0%
3 years+29.0%
Last year+25.0%
Return on equity
10 years17.0%
5 years17.0%
3 years18.0%
Last year16.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.30%61.30%61.30%66.27%62.30%62.79%63.74%65.55%61.03%65.89%65.89%68.02%66.03%
FIIs23.25%23.25%23.25%18.02%21.82%17.53%17.90%14.26%17.99%14.98%13.43%13.25%15.95%
DIIs10.34%10.34%10.34%12.17%12.54%16.62%14.83%15.32%13.02%11.84%14.73%13.86%13.26%
Government0.05%0.05%0.05%0.07%0.08%0.08%0.07%0.03%0.00%0.00%0.00%0.00%0.00%
Public5.06%5.06%5.06%3.47%3.26%2.98%3.46%4.84%7.95%7.30%5.94%4.89%4.78%
No. of shareholders2,95,0762,95,0762,95,0762,63,3002,51,1092,64,9164,05,9406,26,79110,98,5969,91,00112,62,91110,95,76810,70,249
Change since Jun 2023 (pp)
Promoters +4.73FIIs −7.30DIIs +2.92Public −0.28

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Incorporation Of Wholly Owned Subsidiary Company.Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAPSEZL - Operational Performance Update
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingApr 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 12 Jun 2026
12 Jun 2026DIVIDENDDividend - Rs 7.50 Per Share—
13 Jun 2025DIVIDENDDividend - Rs 7 Per Share—
14 Jun 2024DIVIDENDDividend - Rs 6 Per Share—
28 Jul 2023DIVIDENDDividend - Rs 5 Per Share—
14 Jul 2022DIVIDENDDividend - Rs 5 Per Share—
24 Jun 2021DIVIDEND Dividend - Rs 5 Per Sh—
16 Mar 2020DIVIDEND Interim Dividend - Rs 3.20 Per Share—
26 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.20 Per Share—
26 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 2 Per Share—
31 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.30 Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 1.10/- Per Share (Purpose Revised)—
22 May 2015DIVIDENDDividend - Rs 1.10/- Per Share—
31 Jul 2014DIVIDENDAnnual General Meeting/Dividend Re 1/- Per Share—
30 Jul 2013DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
30 Jul 2012DIVIDENDAnnual General Meeting/ Dividend Rs 0.70 Per Share—
13 Feb 2012DIVIDENDInterim Dividend Re.0.30 Per Share (Purpose Revised)—
5 May 2011DIVIDENDInterim Dividend-Re.0.40 Per Share (Purpose Revised)—
14 Feb 2011DIVIDENDInterim Dividend-Re.0.50 Per Share (Purpose Revised)—
23 Sep 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
9 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman