Adani Ports and Special Economic Zone Limited (ADANIPORTS) Fair Value & Analysis
Industrials · IN · Market cap ₹4.2T
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Jul 12, 2026, revised from ₹1,051 to ₹1,041 (−1.0%) since Jun 24, 2026. Share price −7.6% over the past month.
A solid business, but screening 39% overvalued on our models.
What matters now
- The model range is unusually wide (₹557.30 to ₹2,120). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range ₹453.27 – ₹1,883 · fair‑value band ₹557.30 – ₹2,120 · the ₹1,695 price screens above the ₹1,041 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Adani Ports and Special Economic Zone Limited (ADANIPORTS) currently trades at ₹1,695, while our model-based Fair Value estimate is ₹1,041, implying the stock looks roughly 38.6% overvalued today. We read business quality at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Adani Ports and Special Economic Zone Limited generated revenue of ₹387B at a net margin of 33.1%. Revenue grew 26.5% year over year. It earns a return on equity of 15.6%. Net debt stands at ₹549B. Fundamentals as of Jul 12, 2026
Our scenario range runs from ₹557.30 (bear case) to ₹2,120 (bull case); at ₹1,695, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at -39%, ADANIPORTS screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹1,697) versus Dividend Discount (₹114.64). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure in India and internationally.
Full company description
Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure in India and internationally. The company is involved in the operation of ports and terminals, including bulk and break bulk, container, liquid, dry bulk, general, LPG/LNG, and crude cargo; terminal and ports related infrastructure development activities; and development of infrastructure at contiguous Special Economic Zone at Mundra. It also offers logistic services, which include logistic parks, container rail and bulk cargo logistic solutions, and warehousing, as well as auto, road, and agri logistic services. In addition, the company operates a fleet of dredging and reclamation service equipment comprising cutter suction, trailing suction hopper, water injection, grab, and specialized dredgers; split hopper, flat top, and jack up barges; and multi utility craft, survey vessels, floating crane, drag flow unit, and floating booster, as well as dozers, excavators, loaders, and other equipment. Further, it provides non-scheduled passenger airline services; hospital and related services; and marine services, such as pilotage, laying, mooring of vessels at berth and mid-stream, and maintenance of buoys. Additionally, the company engages in the development, construction, operation, and maintenance of railway corridors; land development activities; integrated textile park and container freight station businesses; develops inland container depots; owns and operates harbour tugs, barges, other port crafts, ocean towage and offshore support vessels; warehousing and storage facilities, hospital, and other related services; and provision of cargo storage-cum logistics services. Adani Ports and Special Economic Zone Limited was incorporated in 1998 and is headquartered in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Adani Ports and Special Economic Zone Limited reported revenue of ₹387B in FY2026 versus ₹171B in FY2022, a compound +22.6%/yr. Reported net income was ₹128B in FY2026, compounding +27.2%/yr from FY2022.
ADANIPORTS screens 39% overvalued. Compare with A.P. Møller - Mærsk A/S →
Peer Group
Marine Shipping · 227 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Marine Shipping median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.30 | ¥5.58 | +69% |
| Qingdao Port International Co 601298 | ¥8.07 | ¥16.97 | +110% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
| Yang Ming Marine Transport Corporation 2609 | 50.10 TWD | 96.14 TWD | +92% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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