Obermatt

Adani Ports and Special Economic Zone

NSI:ADANIPORTS · INE742F01042
Transportation InfrastructureX-Large

360

22
EV / EBIT27
Price / Owner Earnings9
Owner Earnings Yield26
Dividend Yield51
Price/Sales10
EV / Gross Profit8
Price/Book20
Return on Capital59
Cash Return on Capital28
Return on Equity59
EBIT Margin97
Gross Profitability38
Cash Conversion35
Owner Earnings Margin57
Sales growth62
Profit Growth97
Long-Term EPS Growth76
Reinvestment20
Price momentum68
Debt load44
Refinancing42
Debt Payback10
Liquidity61
Analyst ratings75
Opinion Changes85
Price Target Upside67
Market mood100
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Adani Ports and Special Economic Zone generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryTransportation Infrastructure
SizeX-Large
TypePublic Company
ExchangeNSEI
Founded1998
Employees2,330
ISININE742F01042
Last UpdateApr 2, 2026
Themes
Freight ServiceMarine Transportation

Description

Analysis

Hope premium

Adani Ports and Special Economic Zone Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 146.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 34% a year, against analyst forecasts of 16%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is solid; the safety picture is stretched. The company scores 17/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
88
2023202420252026

All-time high

90

May 2025

All-time low

48

Jan 2026

Average rank

75

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
10
9
7
9
Price/Earnings
16
37
30
38
Price/Book
20
28
17
26
Dividend Yield
51
25
29
38
Value (overall)
20
10
20
28

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →