ADANIPORTS
Adani Ports share price & financials
- Price
- ₹1,835.3
- Market cap
- ₹3.9L Cr
- Sector
- Services
- Calls analysed
- 8
Adani Ports Q1 FY27
What went well
- Q1 FY27 Revenue increased 19% year-on-year to INR10,821 crores.
- Q1 FY27 EBITDA increased 19% year-on-year to INR6,541 crores.
- Domestic ports business delivered 12% revenue and 11% EBITDA growth, maintaining an industry-leading EBITDA margin of 74%.
What to watch
- Domestic volumes were muted, with Krishnapatnam experiencing significant degrowth due to a customer plant shutdown, causing a 2-2.5 million metric ton shortfall.
- Mundra Port's container volumes were lower than average in April and May due to the Middle East crisis, though transshipment increased.
What Adani Ports does
Adani Ports and Special Economic Zone (APSEZ) is India's largest private port developer and operator, running a network of multi-commodity ports along India's west, east and south coasts plus international terminals on key global trade routes. It earns from cargo handling and marine services at its ports and from an integrated 'shore-to-door' logistics arm spanning rail rakes, trucking, multi-modal parks, warehouses and agri silos. The company also develops the Mundra Special Economic Zone and industrial land banks around its ports.
Segments
- Ports
- Logistics
- Marine
- Market position
- India's largest integrated transport / port operator
- Domestic ports
- 15 multi-commodity ports across India's west, east and south coasts
- International ports
- 4 (Haifa in Israel, Colombo CWIT in Sri Lanka, Dar es Salaam in Tanzania, NQXT in Australia)
- Total India port capacity
- 653 MMT
- Largest port
- Mundra, 274 MMT capacity
- Marine fleet
- 247 vessels (tugs, dredgers, OSVs, workboats)
Guidance record · Q1 FY27
what the last two calls moved 26 tracked 6 delivered 3 missed 17 open- FY25 EBITDA delivered said Q2 FY25 Promised: Upper end of Rs.17,000-18,000 crores Q1 FY27: Historical promise, no new update.
- FY25 Cargo Volume missed said Q1 FY25 Promised: 460-480 MMT Q1 FY27: Historical promise, no new update.
- FY30 Cargo Volume on track said Q1 FY25 Promised: 1 billion MMT Q1 FY27: Reiterated plans to rapidly expand domestic port capacity to 1 billion metric tons as part of Ambition 2031, with major projects underway.
All 26 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 18.6%, net profit up 10.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,067 | 7,964 | 8,488 | 9,126 | 9,167 +30% | 9,705 +22% | 10,738 +27% | 10,821 +19% |
| EBITDA | 4,367 | 4,802 | 5,006 | 5,495 | 5,340 +22% | 5,786 +20% | 6,020 +20% | 6,253 +14% |
| Net profit | 2,413 | 2,518 | 3,023 | 3,311 | 3,120 +29% | 3,043 +21% | 3,308 +9% | 3,650 +10% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +27.0% 1Y
1Y: ₹1,389.1 on 10 Sept 2025 → ₹1,764.6. High ₹1,883.2 (2 Jul 2026), low ₹1,303.6 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.1%
- 29 Jul
- Q4 FY26
- −0.2%
- 30 Apr
- Q3 FY26
- +9.1%
- 3 Feb
- Q2 FY26
- −0.0%
- 4 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 22.9% a year over 3 years, FY23 to FY26. Operating margin widened to 58.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹20.9k Cr | ₹26.7k Cr | ₹31.1k Cr | ₹38.7k Cr |
| Operating profit | ₹10.9k Cr | ₹15.6k Cr | ₹18.9k Cr | ₹22.6k Cr |
| Operating margin | 52.5% | 58.2% | 60.9% | 58.4% |
| Interest | ₹2.4k Cr | ₹2.7k Cr | ₹2.8k Cr | ₹4.7k Cr |
| Depreciation | ₹3.4k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹5.5k Cr |
| Net profit | ₹5.4k Cr | ₹8.1k Cr | ₹11.1k Cr | ₹12.8k Cr |
| Net margin | 25.9% | 30.3% | 35.6% | 33.0% |
| ROCE | 10.0% | 13.0% | 15.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹406 Cr | ₹422 Cr | ₹432 Cr | ₹432 Cr | ₹432 Cr | ₹461 Cr |
| Reserves | ₹30.0k Cr | ₹41.4k Cr | ₹45.0k Cr | ₹52.3k Cr | ₹66.6k Cr | ₹95.5k Cr |
| Borrowings | ₹35.9k Cr | ₹47.9k Cr | ₹53.4k Cr | ₹49.5k Cr | ₹56.9k Cr | ₹63.6k Cr |
| Other liabilities | ₹8.3k Cr | ₹8.6k Cr | ₹13.7k Cr | ₹14.8k Cr | ₹23.3k Cr | ₹23.6k Cr |
| Total liabilities | ₹74.6k Cr | ₹98.3k Cr | ₹112.6k Cr | ₹117.0k Cr | ₹147.2k Cr | ₹183.1k Cr |
| Fixed assets | ₹48.3k Cr | ₹62.6k Cr | ₹72.2k Cr | ₹75.1k Cr | ₹96.6k Cr | ₹131.7k Cr |
| Capital work in progress | ₹3.7k Cr | ₹4.0k Cr | ₹6.6k Cr | ₹10.9k Cr | ₹10.1k Cr | ₹12.7k Cr |
| Investments | ₹2.2k Cr | ₹3.2k Cr | ₹7.4k Cr | ₹4.3k Cr | ₹5.2k Cr | ₹5.4k Cr |
| Other assets | ₹20.4k Cr | ₹28.6k Cr | ₹26.3k Cr | ₹26.6k Cr | ₹35.3k Cr | ₹33.3k Cr |
| Total assets | ₹74.6k Cr | ₹98.3k Cr | ₹112.6k Cr | ₹117.0k Cr | ₹147.2k Cr | ₹183.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +2.05 pp while DIIs trimmed −1.55 pp. The shareholder count shrank 10% to 10,72,323.
- Promoters
- 66.0%
- FIIs
- 15.6%
- DIIs
- 13.6%
- Public
- 4.8%
Since Jun 2025
- FIIs +2.05 pp
- DIIs −1.55 pp
- Public −0.67 pp
How it drifted, 12 quarters
Over this window the public fell from 7.4% to 4.8% — −2.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.5%, FIIs 13.8%, DIIs 13.3%, Public 7.4%.Dec '23: Promoters 65.9%, FIIs 14.7%, DIIs 12.0%, Public 7.4%.Mar '24: Promoters 65.9%, FIIs 15.0%, DIIs 11.8%, Public 7.3%.Jun '24: Promoters 65.9%, FIIs 15.2%, DIIs 12.5%, Public 6.4%.Sep '24: Promoters 65.9%, FIIs 15.2%, DIIs 13.3%, Public 5.6%.Dec '24: Promoters 65.9%, FIIs 13.9%, DIIs 14.2%, Public 6.0%.Mar '25: Promoters 65.9%, FIIs 13.4%, DIIs 14.7%, Public 5.9%.Jun '25: Promoters 65.9%, FIIs 13.5%, DIIs 15.2%, Public 5.5%.Sep '25: Promoters 65.9%, FIIs 13.6%, DIIs 15.0%, Public 5.5%.Dec '25: Promoters 68.0%, FIIs 13.1%, DIIs 13.9%, Public 5.0%.Mar '26: Promoters 68.0%, FIIs 13.3%, DIIs 13.9%, Public 4.9%.Jun '26: Promoters 66.0%, FIIs 15.6%, DIIs 13.6%, Public 4.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Pranav Vinod Adani newly disclosed 0.00% held
- Karan Gautam Adani newly disclosed 0.00% held
- Jeet Gautam Adani newly disclosed 0.00% held
- Sagar Rajeshbhai Adani newly disclosed 0.00% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Adani Ports above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust) | 30.85% | unchanged |
| Life Insurance Corporation Of India Insurer | 6.43% | −0.20 pp |
| Carmichael Rail And Port Singapore Holdings Pte. Ltd. | 6.24% | unchanged |
| Adani Tradeline Private Limited | 6.00% | unchanged |
| Emerging Market Investment Dmcc | 5.91% | unchanged |
| Flourishing Trade And Investment Ltd | 5.40% | unchanged |
| Afro Asia Trade And Investments Limited | 3.90% | unchanged |
| Adani Rail Infra Private Limited | 3.07% | unchanged |
| Resurgent Trade And Investment Ltd | 2.30% | unchanged |
| Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund Global fund house | 1.93% | −0.33 pp |
| Worldwide Emerging Market Holding Limited | 1.75% | −1.99 pp |
| SBI Nifty 50 ETF Mutual fund | 1.41% | −0.17 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ADANIPORTS
Filings to Aug 2026
0 new, 14 added, 7 trimmed, 1 sold out — net −9.40 L shares (−2.0%).
- Held by funds
- ₹7.3k Cr
- 31 schemes
- Biggest holder
- SBI Nifty 50 ETF
- ₹2.3k Cr · 1.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Nifty 50 ETF SBI Mutual Fund | ₹2.3k Cr | +0.75 L | Aug '21 |
| SBI BSE Sensex ETF SBI Mutual Fund | ₹1.6k Cr | +0.98 L | Jun '24 |
| Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund | ₹715 Cr | +0.90 L | Jan '19 |
| Nippon India ETF BSE Sensex Nippon India Mutual Fund | ₹380 Cr | +0.65 L | Jun '24 |
| HDFC Large Cap Fund HDFC Mutual Fund | ₹371 Cr | held | Apr '25 |
| SBI Large Cap Fund SBI Mutual Fund | ₹319 Cr | held | Apr '26 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹254 Cr | held | Feb '26 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹239 Cr | +4.80 L | Aug '21 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
14 added, 7 trimmed — net −9.40 L shares (−2.0%)
- Funds are sitting on
- +47%
- vs est. average cost
- Held by funds
- ₹7.3k Cr
- 31 schemes · ≈ 2.1% of the company
- Biggest holder
- SBI Nifty 50 ETF
- ₹2.3k Cr · 1.1% of that fund
- Longest holder
- Nippon India ETF Nifty 100
- 13y 6m · since Mar '13
Shares held by these funds +67%
Aug '23 4.63 cr shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Adani Ports
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