ADANIENT vs ADANIPORTS
Side-by-side comparison of Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd.. Descriptive only — not investment advice.
Adani Enterprises Ltd.
Metals
Quality Score: 32/100
Adani Ports and Special Economic Zone Ltd.
Services
Quality Score: 62/100
At a glance
| Metric | ADANIENT | ADANIPORTS |
|---|---|---|
| Quality Score | 32/100 | 62/100 |
| P/E (trailing) | 34.0 | 30.2 |
| Forward P/E | 44.1 | 22.7 |
| ROE | +13.7% | +15.6% |
| Profit margin | +9.3% | +33.1% |
| Debt-to-equity | 119.56 | 64.05 |
| Dividend yield | +0.05% | +0.43% |
| 1Y price return | +6.5% | +33.9% |
| From 52w high | -7.0% | -1.8% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.00 | 1.22 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
Adani Enterprises (NSE: ADANIENT) is the flagship incubator of the Adani Group, currently trading at Rs 2505.90 — above its 50-DMA (Rs 2126.15) and 200-DMA (Rs 2285.05) after a 12.46% 3-month run. The stock carries a trailing PE of 33.96 and a debt-to-equity ratio of 119.56, alongside a Q4 FY26 net loss of Rs 221 crore that reversed the prior year's profit.
Adani Ports & Special Economic Zone reported record FY26 cargo, revenue, and profit, with the stock up 33.93% over the past year and trading within 1.76% of its 52-week high at ₹1,760. The company carries a debt-to-equity of 64.05 on a rising debt trajectory, while earnings growth of 3.6% CAGR over 5 years materially trails revenue growth of 26.5% CAGR. Technically, the stock is above both the 50-DMA (₹1,500.96) and 200-DMA (₹1,453.79), with RSI at 75.03.
Pros
- ✓Revenue has grown at a 5-year CAGR of 20.3%, reflecting the group's aggressive expansion across airports, green hydrogen, roads, and defence segments.
- ✓Price is 7.02% below its 52-week high, and current levels sit above both the 50-DMA (Rs 2126.15) and the 200-DMA (Rs 2285.05), indicating the stock has recovered substantially from its recent trough.
- ✓Jefferies raised its price target following Q4 results, citing EBITDA growth at the segment level, while the group simultaneously announced a three-layer organisational restructure aimed at faster decision-making.
- ✓A dividend was announced alongside Q4 results, marking a return of cash to shareholders despite the reported net loss for the quarter.
- ✓FY26 delivered record cargo volumes, revenue, and profit, with management issuing positive FY27 guidance, as reported across recent news flow.
- ✓FCF was positive in 4 of the available historical years, indicating recurring cash generation from port and SEZ operations.
- ✓Ranked 1st of 6 peers on quality score (49) within the Services sector, and lowest PE (30.2x) relative to peers such as Delhivery (238.3x), IndiGo (54.3x), and Blue Dart (53.3x).
- ✓Forward PE of 22.7x represents a meaningful compression from the trailing PE of 30.2x, reflecting expected earnings growth priced into the current level.
Cons
- ✗The debt-to-equity ratio of 119.56 is extreme; combined with FCF positive in only 1 of the tracked years and a rising debt trend, the balance sheet leaves limited buffer if revenue growth slows or credit conditions tighten.
- ✗Q4 FY26 swung to a net loss of Rs 221 crore from a profit in the prior year period — a material year-on-year reversal that the headline revenue growth rate does not reflect.
- ✗Quality score of 22 ranks 4th out of 6 sector peers with usable data; TATASTEEL (44), HINDALCO (38), and JSWSTEEL (36) all score meaningfully higher on the composite quality measure.
- ✗ROE of 13.66% has not exceeded 15% in any tracked year, and with the forward PE at 44.14 — higher than the trailing PE of 33.96 — the stock prices in earnings improvement that the recent quarterly result does not yet support.
- ✗Debt-to-equity of 64.05 is extremely elevated for a non-financial infrastructure operator, with the debt trend classified as rising — each incremental rate cycle or refinancing event amplifies this exposure.
- ✗Earnings 5-year CAGR of 3.6% versus revenue CAGR of 26.5% reveals a persistent gap between top-line expansion and bottom-line conversion, suggesting cost structures or interest burdens are absorbing revenue growth.
- ✗ROE has exceeded 15% in only 2 of the available historical years, indicating that the current 15.59% reading may not yet reflect a sustained inflection in capital efficiency.
- ✗RSI at 75.03 places the stock in overbought territory, with price 17.3% above the 50-DMA and 21.1% above the 200-DMA — a stretched gap relative to medium-term trend averages.
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For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Comparison reflects current public data; consult a registered adviser before any investment decision.