Adani Port and SEZ

Industry Profile  : Any developing economy is unable to achieve the growth if the logistics is not develop. Thanks to govt of india initiaves, Indian Ports are achieving milestones. Though JNPT is large one, but its not able to handle to all shipments coming to India thats why non major ports playing key role in this field.

asper govt numbers 90 of indias trade by volume and and 70% by value is done by water ways. For that India holding 12 major and 200 minor ports. with coastline of 7517 km, its playing important role and still India in not even among top 10. Govt of inda allowed 100% FDi in port through automatic rout with 10 year tax holiday.

Company Profile  :  The company is Indias largest Private multi port operator The company operates eight port across India namely, Mundra, Hazira Port, Dahej Petronet port, Murugaon Port Goa, Vaizag Coal Terminal Visakhapatnam, Kandala Terminal, Dhamra port, Ennore port and Four offshore, two in Australia and two in Indonesia.  The company through its Ports handeling coal, agricultural products, steel, Fertilizer products, Minerals. as the company is integrated business of logistics and Port, it also in the business of Handeling the Large cargo to the customers. the company also giving service of Dredging also.

Shareholding Pattern  :  Adani and family Trust hold around 49.75% other foreign entities classified as Promoter holds further 11.55% makes it above 61%. As the company is part of nifty, Many Mutual Funds, Banks, Financial Institutions Hold Little above 4%. Life Insurance Corporation hold 4.25% stake. 23.25% held with foreign investors. Remaining with Public, Body Corporate etc

Financials and Ratios   :

 2010-112011-122012-132013-142014-152015-162016-17
Revenue1792.822370.403361.054035.803561.254630.754878.86
Net Profit987.161177.261754.182016.172183.142841.513100.61
NPM52.3147.4352.1946.3955.8461.3663.55
EPS4.925.888.769.8010.5513.7214.97
Book value21.4226.0533.4545.0954.1165.7981.44
Dividend Payout18.2817.0111.4210.5910.438.018.01
Dividend per Share0.91111.101.101.30
ROE22.9822.5526.1721.6019.4720.8518.38
ROCE15.8411.3311.4810.5910.1711.189.17
ROA11.588.939.609.648.458.997.90
Debt to Equity0.370.981.160.890.880.981.11
Asset Turnover22.1518.8318.4120.7815.1414.6612.43

Future Prospectus :  The company is integration of three sector namely Ports, Special Economic Zone and logistics. all of them are in nascent stage of life in India and developing. For developed economy industrial growth and logistics is important. the outlook of all this sectors are very bright. GST breaks boundaries in between states and now whole India is looking one market. A company which is handling such diverse operations is very good for investment . All due to logistics ministry, shipping and port sector is developing. But as I am writing it, Large part of promoter stake is pledge and that may make it riskier. Debt ratio and ROCE looking riskier.

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About Ashutosh Tilak

Tracking Indian Capital Market since 2010. Finance Student, On this blog I am writing about finance and Investing. You can contact me analystashu@gmail.com or @androidashu & @InsideFinanc on twitter