INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Adani Ports - Special Economic Zone Ltd
traded 1.23 per cent up in Tuesday 's trade at 10:02AM (IST)
Around 1010506 shares changed hands on the counter
The stock opened at Rs 254.2 and touched an intraday high and low of Rs 255.85 and Rs 247.5 , respectively, in the session so far
The stock quoted a 52-week high of Rs 430.6 and a 52-week low of Rs 204.7
Citigroup has upgraded Adani Ports and SEZ to buy from neutral and revised target price to Rs 345 from Rs 417
The brokerage has upgraded the stock as the stock is trading at around 8.5 times estimated FY21 EV/Ebitda versus historical average
EV/Ebitda of 18 times and global financial crisis lows of 13.5 times.
Financials Adani Ports - Special Economic Zone Ltd., incorporated in
the year 1998, is a Large Cap company (having a market cap of Rs 49757.60 Crore) operating in Shipping sector
For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 3336.25 Crore, up 18.26 % from last quarter Sales of Rs
2821.16 Crore and up 18.14 % from last year same quarter Sales of Rs 2823.91 Crore Company reported net profit after tax of Rs 1356.59 Crore
Adani Ports - Special Economic Zone Ltd
key Products/Revenue Segments include Income from Port Services which contributed Rs 4367.18 Crore to Sales Value (81.83 % of Total Sales),
Infrastructure Leasing Income which contributed Rs 780.40 Crore to Sales Value (14.62 % of Total Sales), Export Incentives which contributed
Rs 139.24 Crore to Sales Value (2.60 % of Total Sales) and Other Operating Revenue which contributed Rs 49.56 Crore to Sales Value (0.92 %
of Total Sales)for the year ending 31-Mar-2019
Valuation ratio It quoted a price-to-earnings ratio of 10.78 and price to book value of 2.09
