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Adani Ports and Special Economic Zone Limited ADANIPORTS.NS

IN · National Stock Exchange of India · XNSE · stock · Industrials · website

Adani Ports and Special Economic Zone Limited statistics & valuation

Market cap₹3.92T
P / E30.6×
P / S10.1×
P / B4.1×
P / FCF77.8×
Dividend yield0.39%
Net margin33.1%
Return on equity13.3%
FCF margin13.0%
Net debt₹580.7B
Enterprise value USD$47.2B
Earnings yield EBIT/EV3.9%
Return on capital10.3%
Graham number -56.5%₹739.34

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹739.34); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.50% 30.40% 36.40% 33.10% 2023202420252026
Gross margin (%)
56.50% 57.70% 60.30% 60.50% 2023202420252026
Operating margin (%)
45.60% 45.50% 46.30% 45.10% 2023202420252026
Return on equity (%)
11.70% 15.30% 17.80% 13.30% 2023202420252026
Shares outstanding
2.30B 2.30B 2.30B 2.30B 2023202420252026
Net debt (₹)
₹513.22B ₹475.91B ₹478.99B ₹580.75B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
4.60% 6.80% 8.20% 6.90% 2023202420252026
Free cash flow margin (%)
13.20% 28.50% 30.10% 13.00% 2023202420252026
Debt / equity (×)
1.15× 0.93× 0.82× 0.66× 2023202420252026
EPS (₹)
₹24.58 ₹37.55 ₹51.35 ₹58.23 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Adani Ports and Special Economic Zone Limited trades at about 29.2× earnings — near its 10-year norm (10-year range 23.7×–35.3×, median 28.5×).

23.7× 35.3×

Shaded band = 10-year range (23.7×–35.3×); dot = today's 29.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin60.5%60.3%57.7%56.5%
Operating margin45.1%46.3%45.5%45.6%
Net margin33.1%36.4%30.4%25.5%
FCF margin13.0%30.1%28.5%13.2%
Return on assets6.9%8.2%6.8%4.6%
Return on equity13.3%17.8%15.3%11.7%
Debt / equity0.52×0.57×0.71×1.02×
Current ratio1.390.901.061.40

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.