infrastructure

Adani Ports

ADANIPORTS · Nifty 50

1,828.6

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 31.1 (89%ile of 5Y range 21-31). Trading above historical range.
Sector Positioninfrastructure sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score95/100 (STRONG). 3 positive flags, 3 concerns.
Historical Context172 similar technical setups. Average outcome: -10.6% decline. 0% positive.
Revenue TrendRevenue growing at 26.5% YoY. Strong revenue growth — 26.5% YoY

Fundamental

95/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

Adani Ports scores 95/100 on fundamentals (strong). Adani Ports: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 95/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 13.2% broken into three drivers. Each shows how efficiently the company generates returns.

ROE13.2%=
33.4%Net Margin
×
0.2xTurnover
×
1.9xLeverage

ROE of 13.23% is moderate margin-driven and stable. Net margin of 33.4% × asset turnover of 0.21x × leverage of 1.9x.

What This Means

Net margin of 33.4% means the company keeps ₹33.4 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.21x means the company generates ₹0.21 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 1.9x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

50.6%

Operating

48.2%

Net

33.4%

stable

Gross margin 50.6% → operating margin 48.2% → net margin 33.4%. Margins are stable.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 1.6x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

COMFORTABLE

Interest covered 5.0x — adequate buffer. Debt is manageable. Debt/EBITDA at 3.4x is moderate.

Free Cash Flow

MODERATE

FCF margin at 13.2% — strong cash generation. Business is self-funding.

Peer Comparison

Adani Ports is compared against 10 peers in the infrastructure sector.

Key Watchpoints

🟢

Breaks above ₹1920 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹1737 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 26.2

Valuation normalization

🟢

Infrastructure sector entering leadership

Sector rotation signal

Detected Patterns

✅ High Earnings Quality: Cash flow covers earnings 1.6x — strong cash conversion

Risk Flags

⚠️ 3 Warning3 Positive6 total flags
⚠️Cash covers 33% of current liabilities
Balance Sheet

Tight liquidity. Monitor cash position and access to credit lines.

⚠️Board risk elevated: 8/10
Governance

Governance structure concerns. Independent director representation may be weak.

⚠️Price/Sales: 11.0x — expensive on revenue basis
Valuation

High revenue multiple. Market pricing in significant growth or margins expansion.

Assets relatively new (17% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

High promoter holding: 68%
Governance

Strong insider alignment. Promoters have significant skin in the game.

Strong analyst consensus: strong_buy (25 analysts)
Valuation

Mean recommendation: 1.2/5 (1=Strong Buy, 5=Strong Sell). Institutional confidence is high.

⚠️ 3 warning flags — monitor closely.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)

50 articles scanned for fundamental themes

Facts

P/E Ratio
31.1HIGH
P/B Ratio
4.3HIGH
ROE
15.6%HIGH
Market Cap
₹41768473.1L CrHIGH
From 52W High
98% of high
Promoter Holding
68.0%MODERATE
Institutional
21.3%
Sector Peers
10