Adani Ports & Special Economic Zone Ltd (ADANIPORTS) AI Stock Analysis

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Adani Ports & Special Economic Zone Ltd

(NSE:ADANIPORTS)

Select Model

Rating:70Outperform

Price Target:INR 2,130.00▲(10.74% Upside)

Action:upgraded

Date:11/07/26

The score is driven primarily by solid underlying financial performance (strong growth and profitability, but weaker FY2026 cash conversion) and strong technical momentum (price above key DMAs with positive MACD). These positives are tempered by a relatively expensive valuation (P/E ~32) and a low dividend yield.

Positive Factors

Sustained revenue growth and high profitabilityMeaningful revenue expansion combined with consistently high operating and EBITDA margins indicates a strong underlying earnings model. This profitability provides capacity to reinvest in ports, terminals, and logistics assets while supporting durable earnings growth over the coming quarters.

Negative Factors

Weak and volatile free cash flowLow free cash flow relative to profits suggests that heavy capital spending and/or working-capital requirements are absorbing much of the company’s operating cash. If sustained, this could limit financial flexibility and increase reliance on external funding for expansion.

Adani Ports & Special Economic Zone Ltd (ADANIPORTS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.45T
Dividend Yield: 0.39%
Average Volume (3M): 307.68K
Price to Earnings (P/E): 32.2
Beta (1Y): 1.12
Revenue Growth: 22.62%
EPS Growth: 8.25%
Country: India
Employees: 3,372
Sector: General
Sector Strength: 55
Industry: Marine Shipping

Adani Ports & Special Economic Zone Ltd Business Overview & Revenue Model

Company Description

Adani Ports and Special Economic Zone Limited is a prominent Indian company engaged in the development, operation, and maintenance of port infrastructure nationwide. Its activities extend to establishing ports-related facilities and fostering the Spe...

How the Company Makes Money

Adani Ports & Special Economic Zone Ltd primarily makes money by charging customers for using its port and logistics infrastructure and related services. Key revenue streams typically include: (1) Port and terminal services: Fees for cargo handling (...

Adani Ports & Special Economic Zone Ltd Financial Statement Overview

Summary

Strong multi-year growth with FY2026 revenue up 11.5% and consistently high operating/EBITDA margins (~45%+/~59%) support earnings strength. Offsetting this, FY2026 margins slipped versus FY2025 and free cash flow weakened sharply (FCF ~₹28.9B, only ~16% of net income), indicating heavy reinvestment and weaker cash conversion.

Income Statement

78Positive

Balance Sheet

70Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	404.30B	387.36B	304.75B	267.11B	208.52B	171.19B
Gross Profit	202.64B	196.30B	202.19B	175.25B	138.81B	113.94B
EBITDA	237.25B	241.99B	184.23B	159.17B	128.90B	105.02B
Net Income	131.12B	128.06B	110.92B	81.11B	53.09B	48.86B
Balance Sheet
Total Assets	0	1.85T	1.35T	1.19T	1.15T	996.86B
Cash, Cash Equivalents and Short-Term Investments	72.85B	97.38B	60.98B	49.81B	63.53B	93.24B
Total Debt	0	633.99B	514.54B	491.67B	532.68B	473.54B
Total Liabilities	-989.81B	863.33B	703.59B	643.75B	678.46B	573.05B
Stockholders Equity	989.81B	961.25B	624.35B	529.45B	455.56B	419.88B
Cash Flow
Free Cash Flow	30.41B	28.94B	91.77B	76.01B	28.08B	60.51B
Operating Cash Flow	95.03B	182.15B	172.26B	150.18B	119.33B	98.00B
Investing Cash Flow	-99.56B	-141.44B	-97.87B	-69.47B	-196.04B	-52.82B
Financing Cash Flow	4.21B	-23.89B	-69.16B	-78.00B	-27.34B	-5.86B

Adani Ports & Special Economic Zone Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price1923.50

Price Trends

50DMA1774.74Positive

100DMA1766.81Positive

200DMA1669.03Positive

Market Momentum

MACD46.47Negative

RSI65.43Neutral

STOCH74.65Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADANIPORTS, the sentiment is Positive. The current price of 1923.50 is above the 20-day moving average (MA) of 1819.87, above the 50-day MA of 1774.74, and above the 200-day MA of 1669.03, indicating a bullish trend. The MACD of 46.47 indicates Negative momentum. The RSI at 65.43 is Neutral, neither overbought nor oversold. The STOCH value of 74.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ADANIPORTS.

Adani Ports & Special Economic Zone Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ADANIPORTS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GPPL	84Outperform	INR 82.21B	14.70	―	4.77%	20.29%	15.50%
IN:GESHIP	76Outperform	INR 204.94B	4.66	―	3.41%	38.60%	117.25%
IN:ADANIPORTS	70Outperform	INR 4.40T	32.21	―	0.39%	22.62%	8.25%
IN:SCI	64Neutral	INR 124.21B	6.25	―	2.79%	37.13%	149.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ESSARSHPNG	44Neutral	INR 3.48B	4.47	―	―	―	20.10%
IN:LANCER	41Neutral	INR 4.55B	22.02	―	―	5.75%	―

* General Sector Average

Performance Comparison

IN:ADANIPORTS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ADANIPORTS	Adani Ports & Special Economic Zone Ltd	1923.50	418.14	27.78%
IN:ESSARSHPNG	Essar Shipping Limited.	16.68	-15.95	-48.88%
IN:GESHIP	Great Eastern Shipping Co. Ltd.	1448.95	343.05	31.02%
IN:GPPL	Gujarat Pipavav Port Limited	167.50	1.06	0.64%
IN:LANCER	Lancer Container Lines Ltd	12.09	-3.49	-22.40%
IN:SCI	Shipping Corporation of India Limited	269.00	11.16	4.33%

Adani Ports & Special Economic Zone Ltd Corporate Events

APSEZ Agrees to Acquire 100% of Evos

Nov 5, 2026

APSEZ has signed an agreement, following a competitive bidding process, to acquire 100% of Netherlands-based Evos B.V., a liquid-storage operator with eight port terminals and EUR 392 million in consolidated income in 2025. Evos operates across key e...

Adani Ports Schedules Investor Meetings at Annual Conference in Singapore

Oct 5, 2026

Adani Ports and Special Economic Zone Ltd has announced that it will hold investor and analyst interactions during its Adani Annual Conference 2026 on 18 and 19 November in Singapore. The meetings will be conducted in person, in both one-on-one and g...

Adani Ports Posts Double-Digit Cargo Growth, Rail Volumes Lag in H1 FY27

Oct 2, 2026

Adani Ports and Special Economic Zone Ltd reported handling 46 million metric tonnes of cargo in September 2026, an 11% year-on-year increase driven primarily by a 15% rise in container volumes. This monthly performance underscores continued strength...

Adani Ports Closes Trading Window Ahead of September Quarter Results

Sep 29, 2026

Adani Ports & Special Economic Zone Ltd has notified stock exchanges that its trading window for dealing in company securities will be closed from October 1, 2026. The restriction will remain in place until 48 hours after the release of its unaudited...

SEBI Settlement Order Eases Regulatory Overhang for Adani Ports

Sep 28, 2026

Adani Ports and Special Economic Zone Ltd has disclosed that the Securities and Exchange Board of India has passed a settlement order concerning alleged violations of various securities and listing regulations. The order settles proceedings against t...

SEBI Settlement Order Closes Governance Case Involving Adani Ports Executives

Sep 10, 2026

Adani Ports and Special Economic Zone Ltd has disclosed that the Securities and Exchange Board of India has issued a settlement order concerning applications filed by former Chief Financial Officer B. Ravi and Managing Director Karan Adani. The appli...

Adani Ports Wins 30-Year Concession for Two Dry Bulk Berths at Paradip

Sep 9, 2026

Adani Ports and Special Economic Zone Ltd has secured a Letter of Award from the Paradip Port Authority in Odisha to develop, mechanize, operate, and maintain two dry bulk berths, CQ-I and CQ-II, under a build-operate-transfer model. The 30-year dome...

Adani Ports to Launch Dedicated Empty Container Yard at Mundra to Boost Logistics Efficiency

Sep 3, 2026

Adani Ports and Special Economic Zone Ltd will launch a dedicated Empty Container Yard with integrated warehousing at Mundra Port and SEZ, designed to provide end-to-end services such as storage, maintenance, inspection and movement of empty containe...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026

Adani Ports & Special Economic Zone Ltd AI Stock Analysis