NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
While Adani Ports and Special Economic Zone Ltd.'s H1 FY25 volumes were temporarily impacted by a worker strike and weather conditions, the situation is normalized now.
For FY25, the volume guidance of 460-480 million metric tonne remains unchanged. Adani Ports is expected to record 2-3 times of India's cargo volume growth.
Adani Ports targets becoming India's largest integrated transport utility and the world's largest private port company by 2030.
We expect Adani Ports to report 11% growth in cargo volumes over FY24- 26. This would drive a compound annual growth rate of 14%/15%/22% in revenue/ Ebitda/profit after tax over FY24-26.
We reiterate our Buy rating with a target price of Rs 1,850 (based on 20 times FY26E EV/Ebitda).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
