Adani Ports and Special Economic Zone Ltd.
Services · NSE
52-week range
₹1,286 – ₹1,792
From 52w high
-1.8%
RSI (14)
75.0
vs SMA 50 / 200
↑ 50 · ↑ 200
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.
- ✓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.
- ✗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.
- ·FY26 results announced as record across cargo, revenue, and profit metrics, with management providing positive FY27 guidance; the company has scheduled investor and analyst interaction meetings for May and June 2026.
- ·Analyst coverage stands at 23 analysts with a mean rating of 1.22 on a 1–5 scale (lower = more constructive), indicating a skew toward the constructive end of the analyst spectrum.
- ·The stock has gained 33.93% over 12 months and is 1.76% below its 52-week high, sitting above both key moving averages with near-zero resistance levels identified in the technical data.
- ?How much of the 26.5% revenue CAGR over 5 years reflects organic cargo growth versus capacity additions funded by the rising debt load, and what is the interest coverage trajectory?
- ?Given that debt-to-equity stands at 64.05 and is rising, what proportion of FCF is committed to debt service versus reinvestment or dividends, and how does this change under a 100bps rate increase scenario?
- ?Does the gap between ROE exceeding 15% in only 2 historical years and the current 15.59% reading represent a structural improvement in asset utilisation, or is it driven by transient operating leverage from the record FY26 year?
- ?With RSI at 75 and the stock near its 52-week high, what historical instances of similar overbought readings in ADANIPORTS have resolved — sideways consolidation, mean-reversion to the 200-DMA, or continuation — and over what time frames?
PE
30.2
Forward PE
22.7
ROE
+15.6%
Profit margin
+33.1%
D/E
64.05
Dividend yield
+0.4%
Quality score
49/100
ROE 5y above 15%
2/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.