Adani Ports & Special Economic Zone

#NSE0045- Adani Ports & Special Economic Zone (APSEZ) operates in the development, operations, and maintenance of port infrastructure, including port services and related infrastructure development. Additionally, it manages a multi-product Special Economic Zone (SEZ) and related infrastructure that is adjacent to the port at Mundra.

Market capitalization of APSEZ stands at ₹2,91,208 crore, indicating the total market value of its outstanding shares. The stock price-to-earnings (P/E) ratio, which is a measure of the stock’s valuation relative to its earnings, is currently at 34.6.

with the majority of its revenue generated from its comprehensive network of ports and terminals, accounting for 82% of total revenue. The company also has operations in logistics (8%), SEZ & ports (6%), and operations and maintenance (4%).

As India’s largest port developer and operator, APSEZ manages a significant portfolio comprising 13 domestic ports and 2 international ports, namely Haifa and Colombo Port. These ports and terminals contribute to a total operating capacity of 538 million metric tones (MMT). Notably, APSEZ possesses the largest container handling facility in India.

In the fiscal year 2024 (FY24), Adani Ports & Special Economic Zone (APSEZ) continued to solidify its position as a major player in India’s maritime and logistics sector, achieving several significant milestones:

1. Market Share: APSEZ handled approximately 27% of the country’s total cargo and around 44% of container cargo during FY24. This underscores the company’s substantial presence and dominance in India’s cargo handling industry.
2. Domestic Cargo Growth: APSEZ experienced remarkable growth in its domestic cargo volumes, recording a year-on-year (Y-o-Y) increase of 21%. This growth significantly outpaced the national average, which stood at 7.5% for India’s overall cargo volumes in FY24.
3. Excluding Newly Added Ports: Even after excluding the two newly added ports (Haifa and Karaikal), APSEZ achieved an impressive 18% Y-o-Y growth in cargo volumes, demonstrating the robust performance of its existing portfolio.
4. Mundra Port Performance: Mundra Port, a key asset of APSEZ, handled 7.4 million twenty-foot equivalent units (TEUs) during the year, marking a 15% increase compared to its nearest competitor. This underscores Mundra Port’s status as a leading container handling facility in India.
5. Quarterly Volume Record: APSEZ recorded its highest-ever quarterly volumes at approximately 109 million metric tones (MMT) in Q4 FY24, reflecting strong operational performance and demand for its services.
6. Rail and Bulk Volume Growth: APSEZ achieved its highest-ever container rail volume, witnessing a 19% increase, and bulk volume, experiencing a remarkable 40% growth in FY24, indicating diversified growth across different cargo segments.

In the latest business highlights of Adani Ports & Special Economic Zone (APSEZ), several significant developments have taken place:

1. Portfolio Expansion: APSEZ has expanded its portfolio with the acquisition of Gopalpur and Karaikal ports, bringing the total count of ports in its India portfolio to 15. This strategic move enhances APSEZ’s presence and capabilities in key maritime locations.
2. Strategic Partnership with MSC: APSEZ formed a joint venture with MSC, a leading global shipping line, for the Ennore Container Terminal. This strategic partnership strengthens APSEZ’s position in container handling and reinforces its commitment to providing world-class port services.
3. Financial Commitment for Colombo Terminal: The Colombo terminal received a significant financing commitment of USD 553 million from the Development Finance Corporation (DFC), facilitating further development and expansion initiatives.
4. Expansion of Marine Services: APSEZ’s Marine services business segment secured contracts in Sri Lanka, Mexico, and Oman, increasing the total count of tugs to 111. This expansion underscores APSEZ’s growing presence in international markets and its capabilities in marine operations.
5. Expansion of Railway Infrastructure: Adani Logistics Limited (ALL) added 34 rakes during the year, bringing the total count to 127 rakes.
6. Expansion of Logistics Parks: The total count of logistics parks reached 12 with the addition of three Multi-Modal Logistics Parks (MMLPs) in Virochan nagar, Loni, and Valvada. This expansion enhances APSEZ’s logistics infrastructure and strengthens its capabilities in integrated logistics solutions.
7. Expansion of Agri Silo Capacity: APSEZ increased its total agri silo capacity to 1.2 million metric tonnes (MMT) with the addition of two agri silos in Samastipur and Darbhanga. This expansion supports APSEZ’s efforts to enhance storage and handling capabilities for agricultural commodities.
8. Expansion of Warehousing Capacity: APSEZ commissioned warehouses in Mumbai and Indore, increasing the total warehousing capacity to 2.4 million square feet. This expansion enhances APSEZ’s capabilities in providing comprehensive warehousing solutions to its customers.
9. Launch of Trucking Business Segment: APSEZ launched a trucking business segment during the year, deploying 900 trucks to provide last-mile connectivity to customers from ports, Inland Container Depots (ICDs), and customer premises. This initiative strengthens APSEZ’s integrated logistics offerings and enhances its customer service capabilities.

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