ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED

Valuation Adani Ports & Special Economic Zone Limited

Equities

ADANIPORTS

INE742F01042

Marine Port Services

Market Closed - NSE India S.E. Other stock markets 03:58:58 16/01/2026 pm IST			5-day change	1st Jan Change
1,421.90 ^INR	-0.57%		-0.97%	-3.26%

15/01	Moody's ratings revises Adani Ports' outlook to stable affirms Baa3 ratings	RE
05/01	Adani Ports says Apsez handles 41.9 mmt of cargo in Dec'25	RE

Company Valuation: Adani Ports & Special Economic Zone Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	14,27,102	16,35,399	13,64,992	28,98,582	25,55,336	32,75,999	-	-
Change	-	14.6%	-16.53%	112.35%	-11.84%	28.2%	-	-
Enterprise Value (EV) ¹	17,02,062	20,07,348	18,14,838	33,08,683	29,96,300	36,39,523	36,03,861	35,40,425
Change	-	17.94%	-9.59%	82.31%	-9.44%	21.47%	-0.98%	-1.76%
P/E ratio	28.6x	34.6x	25.7x	35.7x	23x	24.2x	20.4x	17.3x
PBR	4.66x	4.28x	2.99x	5.47x	4.09x	4.19x	3.54x	3x
PEG	-	-3.88x	2.63x	0.7x	0.6x	1.7x	1.1x	1x
Capitalization / Revenue	11.4x	10.3x	6.55x	10.9x	8.38x	8.78x	7.58x	6.65x
EV / Revenue	13.6x	12.6x	8.7x	12.4x	9.83x	9.76x	8.34x	7.18x
EV / EBITDA	19.6x	22.6x	14.1x	20.9x	16.3x	16.5x	14.2x	12.2x
EV / EBIT	25.9x	32.7x	19.3x	27.6x	21.3x	21.6x	18.5x	16x
EV / FCF	30.4x	33.2x	64.6x	43.5x	32.6x	44.6x	35.5x	26.2x
FCF Yield	3.29%	3.01%	1.55%	2.3%	3.06%	2.24%	2.82%	3.81%
Dividend per Share ²	5	5	5	6	7	8.61	10.04	11.99
Rate of return	0.71%	0.65%	0.79%	0.45%	0.59%	0.61%	0.71%	0.84%
EPS ²	24.58	22.39	24.58	37.55	51.35	58.85	69.69	82.27
Distribution rate	20.3%	22.3%	20.3%	16%	13.6%	14.6%	14.4%	14.6%
Net sales ¹	1,25,496	1,59,340	2,08,519	2,67,106	3,04,753	3,73,013	4,32,286	4,92,947
EBITDA ¹	86,840	88,789	1,28,334	1,58,639	1,84,214	2,20,106	2,53,087	2,89,154
EBIT ¹	65,771	61,393	94,102	1,19,755	1,40,424	1,68,858	1,94,938	2,21,650
Net income ¹	49,943	47,281	53,102	81,106	1,10,923	1,29,391	1,51,915	1,78,598
Net Debt ¹	2,74,960	3,71,948	4,49,847	4,10,100	4,40,964	3,63,523	3,27,862	2,64,425
Reference price ²	702.40	774.20	631.90	1,341.85	1,182.95	1,421.90	1,421.90	1,421.90
Nbr of stocks (in thousands)	20,31,752	21,12,373	21,60,139	21,60,139	21,60,139	23,03,959	-	-
Announcement Date	04/05/21	25/05/22	30/05/23	02/05/24	01/05/25	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED	24.16x	9.76x	16.54x	0.61%	3.61TCr
SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	8.31x	3.58x	10.43x	3.69%	1.72TCr
MISC	14.81x	3.3x	8.71x	4.64%	858.62Cr
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	8.83x	6.55x	11.52x	5.35%	810.59Cr
SOCIÉTÉ D'EXPLOITATION DES PORTS	45.69x	12.33x	22.58x	1.02%	758.68Cr
ABU DHABI PORTS COMPANY	17.17x	2.04x	8.63x	-.--%	691.24Cr
JSW INFRASTRUCTURE LIMITED	35.21x	11.07x	22.89x	0.32%	590.73Cr
QUBE HOLDINGS LIMITED	28.8x	2.38x	17.15x	2.23%	564.12Cr
Average	22.87x	6.38x	14.81x	2.23%	1.2TCr
Weighted average by Cap.	21.34x	7.10x	14.65x	1.99%