Adani Ports - Volume Growth Trajectory To Continue; Reiterate Buy Rating: Motilal Oswal

"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.Adani Ports and Special Economic Zone Ltd. ended FY24 with 24% volume growth in FY24 volumes, taking the total volumes to 420 million metric tonne, well surpassing even its revised guidance of 400 mmt. In FY24, ~25% of all-India cargo volumes was routed through Adani Ports. For FY25, the company is targeting cargo volumes of 500 mmt. Adani Ports is continuously investing in building infrastructure for its logistics business. With 11 multi-modal logistics parks, 116 trains, 2.4 million square feet of warehousing space, and 1.1 million metric tons of grain silos, ALL aims to establish a nationwide presence by further developing logistic parks and warehouses. Adani Ports continues to gain market share while generating strong cash flows and maintaining its leverage position, with a net debt-to-Ebitda ratio of 2.5 times as of December 2023. We expect Adani Ports to register 10% volume growth and a compound annual growth rate of 14%/15%/19% in revenue/Ebitda/profit after tax over FY24-26. With consistent outperformance in cargo volumes, we reiterate our Buy rating with a target price of Rs 1,590..Click on the attachment to read the full report:.Coal India - Volume Ramp-Up, Cost Savings To Drive Growth; Initiating With A Buy: Anand Rathi.DISCLAIMERThis 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."

Adani Ports - Volume Growth Trajectory To Continue; Reiterate Buy Rating: Motilal Oswal

Sets a target price of Rs 1,590 (premised on 17 times FY26E enterprise value/Ebitda).

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Adani Ports - Volume Growth Trajectory To Continue; Reiterate Buy Rating: Motilal Oswal

Sets a target price of Rs 1,590 (premised on 17 times FY26E enterprise value/Ebitda).

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