Services · NIFTY 50

Adani Ports and Special Economic Zone Limited

NSEADANIPORTS BSE532921 ISININE742F01042 SeriesEQ Listed on NSE · BSE

₹1,930.00 +23.00 (+1.21%) Updated 12 Nov, 8:19 pm IST

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Price, daily close+34.08% in a year

Today

Open: ₹1,919.70
Prev close: ₹1,907.00
Day high: ₹1,936.50
Day low: ₹1,908.30
Volume: 16.01 L
Value traded: ₹308.54 Cr
Upper circuit: ₹1,984.80
Lower circuit: ₹1,869.20
52W high: ₹1,948.90
52W low: ₹1,292.00
1 month: +13.38%
6 months: +9.58%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹444,662 Cr

P/E (TTM)32.21

P/B4.35

Book value / share₹443.76

EPS (TTM)₹59.92

ROE11.3%

Dividend yield0.39%

Dividend (12m)₹7.50 / share

Net margin (TTM)27.1%

Operating margin59.8%

Debt / equity0.56

Current ratio0.78

EV / EBITDA19.96

Sales growth (YoY qtr)+23.70%

Profit growth (YoY qtr)+16.50%

Sales CAGR 3Y+22.93%

Profit CAGR 3Y-44.36%

Shares230.40 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

6,9202,208

Dec 23

6,8972,040

Mar 24

7,5603,113

Jun 24

7,0672,445

Sep 24

7,9642,520

Dec 24

8,4883,014

Mar 25

9,12652.7

Jun 25

9,1673,109

Sep 25

9,7053,054

Dec 25

10,7381,239

Mar 26

10,8213,620

Jun 26

11,3403,622

Sep 26

Revenue · QoQ (vs last quarter)

—-0.3%+9.6%-6.5%+13%+6.6%+7.5%+0.5%+5.9%+11%+0.8%+4.8%

Revenue · YoY (vs a year ago)

————+15%+23%+21%+30%+22%+26%+19%+24%

Net profit · QoQ (vs last quarter)

—-7.6%+53%-21%+3.1%+20%-98%+5,803%-1.8%-59%+192%+0.0%

Net profit · YoY (vs a year ago)

————+14%+48%-98%+27%+21%-59%+6,774%+16%

RevenueNet profitLine = trend

10.22

Dec 23

9.44

Mar 24

14.41

Jun 24

11.32

Sep 24

11.67

Dec 24

13.95

Mar 25

15.34

Jun 25

14.39

Sep 25

14.04

Dec 25

14.45

Mar 26

15.71

Jun 26

15.72

Sep 26

EPS (₹) · YoY (vs a year ago)

————+14%+48%+6.5%+27%+20%+3.6%+2.4%+9.2%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	6,920	6,897	7,560	7,067	7,964	8,488	9,126	9,167	9,705	10,738	10,821	11,340
Other income	507	303	495	305	223	281	296	837	234	752	853	269
Total income	7,427	7,200	8,054	7,372	8,187	8,770	9,422	10,004	9,939	11,489	11,674	11,610
Raw material	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	478	439	469	506	503	530	569	586	563	636	682	665
Other expenses	2,148	2,414	2,243	2,192	2,658	2,952	3,062	3,032	3,355	4,082	3,599	3,869
Total expenses	4,588	4,451	4,239	4,434	5,191	5,382	5,732	6,104	6,283	7,938	7,079	7,253
Operating profit	4,293	3,670	4,702	4,317	4,774	4,982	5,495	5,550	5,640	5,958	6,541	6,776
OPM %	62.0%	53.2%	62.2%	61.1%	60.0%	58.7%	60.2%	60.5%	58.1%	55.5%	60.4%	59.8%
Finance cost	976	619	515	659	923	715	846	1,223	980	1,605	1,087	1,006
Depreciation	985	979	1,012	1,077	1,106	1,185	1,255	1,264	1,384	1,615	1,711	1,713
Exceptional items	—	-374	-145	-51.8	-27.9	-24.4	—	—	-146	-61.6	—	-30.8
Profit before tax	2,839	2,376	3,670	2,887	2,969	3,363	3,690	3,900	3,510	3,490	4,595	4,326
Tax	533	326	485	473	501	509	537	570	568	392	658	783
Net profit	2,208	2,015	3,107	2,413	2,518	3,023	3,311	3,120	3,043	3,308	3,650	3,682
Profit to shareholders	2,208	2,040	3,113	2,445	2,520	3,014	52.7	3,109	3,054	1,239	3,620	3,622
EPS (₹)	10.22	9.44	14.41	11.32	11.67	13.95	15.34	14.39	14.04	14.45	15.71	15.72

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

10,9256,5230.0

FY19

11,8735,8803,800

FY20

12,5508,6994,994

FY21

15,9348,4744,728

FY22

20,8529,6745,310

FY23

26,71115,4908,111

FY24

31,07918,77511,092

FY25

38,73622,644915

FY26

Revenue · YoY (vs a year ago)

—+8.7%+5.7%+27%+31%+28%+16%+25%

Net profit · YoY (vs a year ago)

——+31%-5.3%+12%+53%+37%-92%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	10,925	11,873	12,550	15,934	20,852	26,711	31,079	38,736
Other income	1,362	1,861	1,970	2,155	1,553	1,499	1,304	2,119
Total expenses	7,093	9,427	8,214	12,335	15,691	17,581	19,246	26,056
Employee cost	530	547	615	664	1,178	1,896	2,009	2,354
Operating profit	6,523	5,880	8,699	8,474	9,674	15,490	18,775	22,644
OPM %	59.7%	49.5%	69.3%	53.2%	46.4%	58.0%	60.4%	58.5%
Finance cost	1,385	1,813	2,255	2,541	2,363	2,846	2,813	4,654
Depreciation	1,373	1,680	2,107	2,740	3,423	3,888	4,379	5,517
Profit before tax	5,126	4,248	6,306	5,348	5,441	10,255	12,888	14,591
Tax	1,081	459	1,243	746	96.4	1,990	1,968	2,067
Tax rate %	21.1%	10.8%	19.7%	13.9%	1.8%	19.4%	15.3%	14.2%
Net profit	4,045	3,785	5,049	4,795	5,393	8,104	11,061	12,782
Profit to shareholders	0.0	3,800	4,994	4,728	5,310	8,111	11,092	915
Net margin %	0.0%	32.0%	39.8%	29.7%	25.5%	30.4%	35.7%	2.4%
EPS (₹)	19.27	18.35	24.58	22.39	24.58	37.55	51.35	58.23

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

45,58450,518932

Mar 23

52,94546,2791,576

Mar 24

62,43545,8103,406

Mar 25

96,12555,1035,162

Mar 26

1.02L57,7175,074

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+16%+18%+54%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	45,584	52,945	62,435	96,125	102,240
Long-term borrowings	46,517	37,663	35,831	50,424	43,466
Short-term borrowings	4,001	8,616	9,979	4,679	14,250
Total borrowings	50,518	46,279	45,810	55,103	57,717
Current liabilities	11,403	16,415	20,938	15,760	27,862
Fixed assets (PPE)	51,956	55,613	68,572	102,004	105,119
Inventories	452	438	522	685	789
Trade receivables	3,941	3,667	4,432	6,383	6,894
Cash & equivalents	932	1,576	3,406	5,162	5,074
Current assets	15,506	17,286	18,757	21,975	21,754
Total assets	114,905	118,918	135,332	185,315	196,921
Debt / equity	1.11	0.87	0.73	0.57	0.56

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

9,800-7,4232,042

FY22

11,933-16,939-2,734

FY23

15,018-6,768-7,800

FY24

17,226-8,480-6,916

FY25

20,356-13,118-5,483

FY26

Operations · YoY (vs a year ago)

—+22%+26%+15%+18%

OperationsInvestingFinancingLine = trend

₹ 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
Spent on fixed assets	-3,749	-9,125	-7,416	-8,049	-15,320
Free cash flow	6,051	2,808	7,601	9,177	5,036
Net cash flow	4,419	-7,739	450	1,831	1,755

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

65.9%Mar 24

65.9%Jun 24

65.9%Sep 24

65.9%Dec 24

65.9%Mar 25

65.9%Jun 25

65.9%Sep 25

68.0%Dec 25

68.0%Mar 26

66.0%Jun 26

66.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

66.0%promoter

Promoter & group: 66.03%
Public (FIIs, mutual funds, retail…): 33.97%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 7.50 Per ShareEx 12-Jun-2026
Dividend - Rs 7 Per ShareEx 13-Jun-2025
Dividend - Rs 6 Per ShareEx 14-Jun-2024
Dividend - Rs 5 Per ShareEx 28-Jul-2023
Dividend - Rs 5 Per ShareEx 14-Jul-2022
Dividend - Rs 5 Per ShEx 24-Jun-2021
Annual General MeetingEx 17-Jun-2020
Interim Dividend - Rs 3.20 Per ShareEx 16-Mar-2020

Board meetings

ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED has informed the Exchange about Board Meeting to be held on 28-Oct-2026 to inter-alia consider and appr…28-Oct-2026
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED has informed the Exchange about Board Meeting to be held on 28-Oct-2026 to inter-alia consider and appr…28-Oct-2026
the financial results for the period ended September 30, 202628-Oct-2026
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED has informed the Exchange about Board Meeting to be held on 29-Jul-2026 to inter-alia consider and appr…29-Jul-2026
the financial results for the period ended Jun 30, 202629-Jul-2026

Filings with NSE

General Updates6 Nov
Updates6 Nov
Updates5 Nov
Updates5 Nov
Updates5 Nov
General Updates5 Nov
Analysts/Institutional Investor Meet/Con. Call Updates4 Nov

Latest news

ADANIPORTS Outlook for the WeekEquitypandit · 8 Nov, 1:30 pm Adani Ports & Special Economic Zone Ltd Stock 12‑Month Price Target Raised to INR 2118.12, Implies 9% UpsideTradingView · 11 Nov, 12:50 pm Adani Enterprises, Adani Ports, Adani Green: How Adani Group stocks are performing as benchmarks stay flatUpstox · 12 Nov, 1:15 pm At new highs! Eternal, Groww, Adani Ports, Ather, 16 more NSE 500 stocksBusiness Standard · 11 Nov, 11:12 am APSEZ FY26 revenue grows 25%, outperforms guidanceAdani Ports · 30 Apr, 7:02 pm Adani Ports and Special Economic Zone shares rise 2.06% in today's sessionMoneycontrol.com · 14 Aug, 12:30 pm Adani Ports and Special Economic Zone's (NSE:ADANIPORTS) Shareholders May Want To Dig Deeper Than Statutory ProfitSimply Wall St · 7 Nov, 8:05 am APSEZ and MSC Group deepen long-term partnership; MSC’s terminal arm, TiL, to invest in 49% share in Vizhinjam port in total deal value of USD 2.85bnAdani · 30 Jun, 10:37 am

About

About Adani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone Limited (APSEZ) is an Indian multinational port operator and logistics company, part of Adani Group. It is India's largest private port operator with a network of 12 ports and terminals, including India's first port-based SEZ at Mundra and the first deep water transshipment port at Thiruvananthapuram. The company has attracted controversies for cronyism, alleged stock manipulation and violation of environmental norms.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Adani Ports and Special Economic Zone Limited
NSE symbol: ADANIPORTS
BSE scrip code: 532921
ISIN: INE742F01042
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 27 Nov 2007
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 230.40 crore
Index: NIFTY 50, NIFTY 500
Sector (NSE): Services
Industry: Other Transportation
Managing director / CEO: Ashwani Gupta
Chair: Gautam Adani
Headquarters: Ahmedabad, Gujarat, India
Registered address: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421 Gujarat
Founded: 1998
Employees: 50,822
Financial year: April to March
Results basis: Consolidated
Website: adaniports.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Adani Ports and Special Economic Zone Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers