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HomeINVESTMENTThis Share Will Cross ₹1722; Share Price Reached Record High; Experts Said...

This Share Will Cross ₹1722; Share Price Reached Record High; Experts Said – Buy

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Adani Ports shares: Today, in this post we’ll discuss about Adani Ports latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Shares of Adani Ports and Special Economic Zone Limited (Adani Ports)(NSE: ADANIPORTS)  have set a new record the previous day.

The shares of the company experienced a rise of 3.5 percent and hit a 52-week high of 1425. 

Based on the broker, this stock will likely climb further in the upcoming days. 

The global broker is optimistic about Adani Ports and Special Economic Zone Ltd (Adani Ports) and expects the stock to rise by 23 percent from its previous closing. 

The brokerage anticipates Adani Ports and Special Economic Zone Ltd Adani Group company to register an impressive performance during the March 2024 quarter.

What Is The Target Price?

Brokerage is maintaining its ‘buy rating for the stock and the foreign brokerage has increased its price target on Adani Ports up to Rs 1722 per share, up from 1,564. 

This could be a rise of 28 percent over the last closing on Monday.

However, the world’s largest company Morgan Stanley has maintained its “overweight” stance for the stock and has set the target price of 1,576.

What Did The Broker Representatives Comment On?

Brokerage stated that Adani Ports will likely have strong results with positive volume, revenues, EBITDA growth, and good cash flows over the three months ending on March 31st, 2024.

The strong volume growth should result in core port EBITDA growing by around 29 percent on an annual (YoY) scale.

The State Of The Shares 

The company surpassed its 52-week record high of 1,425 rupees. 

The company’s mcap was higher than the benchmark of 3. 1 lakh crore at first. The stock opened at 2399.85 in the today trading session on Wednesday.

About Adani Ports

Adani Ports and Special Economic Zone Limited along with its subsidiaries, manages and maintains port infrastructure facilities across India. 

The company manages 13 terminals and ports, including break bulk and bulk containers, liquid LNG, LPG, and crude cargoes.

It also takes part in port-related infrastructure development and the construction of infrastructure in the proximity to the Special Economic Zone at Mundra.

It provides logistic services, including first-mile and last-mile solutions via logistics parks, container rails, bulk cargo logistic solutions, warehousing and roads, auto, and agriculture logistics services. 

It also offers non-scheduled passenger airlines, hospitals, and other related services; and marine services including lay-up, pilotage, and maintaining buoys. 

The company also takes part in the development, construction maintenance, operation, and maintenance of railway corridors, and land development.

Fundamental Analysis of Adani Ports

Market Cap₹ 3,03,316 Cr.
Current Price₹ 1395.15
52-wk High₹ 1,425
52-wk Low₹ 625
Stock P/E34.5
Book Value₹ 225
Dividend0.36 %
ROCE9.53 %
ROE14.4 %
Face Value₹ 2.00
P/B Value6.23
OPM57.9 %
EPS₹ 33.5
Debt₹ 50,060 Cr.
Debt to Equity1.03

Adani Ports Shareholding Pattern

Promoters Holding
Dec 202265.13%
Mar 202361.03%
June 202362.89%
Sept 202365.53%
Dec 202365.89%
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FII Holding
Dec 202213.77%
Mar 202317.99%
June 202316.99%
Sept 202313.83%
Dec 202314.72%
DII Holding
Dec 202214.46%
Mar 202313.02%
June 202312.45%
Sept 202313.27%
Dec 202312.01%
Govt. Holding
Dec 20220.03%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
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Public Holding
Dec 20226.62%
Mar 20237.95%
June 20237.66%
Sept 20237.37%
Dec 20237.39%

Adani Ports Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 10,925 Cr
2020₹ 11,873 Cr
2021₹ 12,550 Cr
2022₹ 17,119 Cr
2023₹ 25,611 Cr

Last 5 Years’ Net Profit:

2019₹ 4,045 Cr
2020₹ 3,785 Cr
2021₹ 5,049 Cr
2022₹ 4,953 Cr
2023₹ 7,230 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20191.07
20201.09
20211.13
20221.19
20231.09

Last 10 Years’ Profit Growth:

10 Years:15%
5 Years:11%
3 Years:18%
Current Year:68%

Last 10 years’ Return on Equity (ROE):

10 Years:18%
5 Years:16%
3 Years:15%
Last Year:14%

Sales Growth Over 10 Years:

10 Years:19%
5 Years:13%
3 Years:21%
Current Year:33%

Company’s Positive Signs:

  • The Company has maintained a steady dividend payment of 20.8 percent.
  • The company has maintained an impressive dividend of 20.8 percent.
  • The company’s median growth in sales is 18.7 percent in the past 10 years.

Company’s Negative Signs:

  • The price of the stock is 5.86 times the book value.
  • The tax rate appears to be low.
  • The company may be capitalizing on the interest expense.

Conclusion

This article is a complete guide about Adani Ports and Special Economic Zone Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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