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Services · NSE: ADANIPORTS

Adani Ports and Special Economic Zone Limited - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates Adani Ports and Special Economic Zone Limited's fair value at ₹948 per share (range ₹682–₹948) against a market price of ₹1,822 - a gap of -48.0% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹682Above fair-value est.High ₹948

Market price

₹1,822

close of 29 Sept 2026

Est. fair value

₹948

₹682–₹948

Gap

-48.0%

price vs estimate

Trading ~48% above our estimated fair-value range. Assumptions and per-model workings are below.

What Adani Ports and Special Economic Zone Limited does

Adani Ports and Special Economic Zone is India's largest private port operator, handling cargo at terminals along the country's coastline plus logistics assets inland. Cargo volumes and long-term concession contracts drive its earnings.

Services · Commercial Services & Supplies

Health signals

GrowthRevenue +22.9%/yr (3y)Good

Over the last 3 years, revenue grew 22.9%/yr and profit grew 33.3%/yr.

ProfitabilityROE 13.3%Good

Every ₹100 of shareholder money earned ₹13.3 in profit last year, vs a sector median of 5.3%.

DebtD/E 0.66Okay

Debt is 0.66x equity — manageable, worth watching.

Valuation-48% vs estimateWeak

The market price is above our estimated fair-value range (based on stated assumptions).

Quality₹83 cash per ₹100 profitGood

About ₹83 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values Adani Ports and Special Economic Zone Limited with 2 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
DCFFuture Cash Flows Method₹948-48%-
EV/EBITDAIndustry Comparison Method₹682-63%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
1.384
Cost of equity
16.0%
Terminal growth
5.0%
Tax rate
25%

Reverse DCF: today's market price implies the company must grow free cash flow about 55.9% a year for the next decade - versus 22.7% historical revenue growth.

Key financialsFY17–FY26

Full statements & analysis →
Revenue₹38,736 Cr
Net profit₹12,782 Cr
EPS₹55.58
Free cash flow₹5,036 Cr
ROE (latest)13.3%
Revenue growth (CAGR)18.5%
Profit growth (CAGR)14.1%

Peers

Gujarat Pipavav Port Limited₹8,003 CrP/E 15.6ROE 21.6%
JSW Infrastructure Limited₹83,299 CrP/E 49.3ROE 14.2%
Allcargo Terminals Limited₹630 CrP/E 15.6ROE 12.5%
VMS INDUSTRIES LIMITED₹31 CrP/E 30.5ROE 1.0%
Starlog Enterprises Limited₹57 CrROE -20.6%
Ask AI about Adani Ports and Special Economic Zone LimitedChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is Adani Ports and Special Economic Zone Limited's intrinsic value?

Intrynsic's multi-model valuation estimates Adani Ports and Special Economic Zone Limited's fair value at ₹948 per share (range ₹682–₹948), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.

Is Adani Ports and Special Economic Zone Limited overvalued or undervalued?

Adani Ports and Special Economic Zone Limited trades at ₹1,822 against Intrynsic's estimated fair value of ₹948 - the market price is 48% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is Adani Ports and Special Economic Zone Limited's P/E ratio?

Adani Ports and Special Economic Zone Limited trades at about 32.8 times its latest annual earnings per share.

What does Adani Ports and Special Economic Zone Limited do?

Adani Ports and Special Economic Zone is India's largest private port operator, handling cargo at terminals along the country's coastline plus logistics assets inland. Cargo volumes and long-term concession contracts drive its earnings.

How is Adani Ports and Special Economic Zone Limited's fair value calculated?

Intrynsic runs 2 valuation models for Adani Ports and Special Economic Zone Limited (DCF, EV/EBITDA) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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