Adani Ports & Special Economic Zone Ltd opened its trading hour today at Rs 663 and currently trades at Rs 666. The scrip is up about 1.3 percent as compared to the previous closing price of Rs 658.40. In the last 5 trading sessions, the stock has moved around 1.7 percent ranging from Rs 655 to the current levels.
Such movements in the stock prices are observed after the company, through a regulatory filing over the exchange, mentioned that its Board will consider a partial buyback of certain debt securities of the company. A meeting for the same has been fixed which will be held on 22nd April 2023.
Adani Ports & SEZ, domiciled in India, is a port infrastructure company that owns, develops, operates, and maintains port terminals and infrastructure in the country.
The company also owns and operates a private railway for the purpose of transporting container cargo, and also providing handling, storage, and other logistics services. It generates a majority of its revenues from domestic operations.
Having a quick glance at the financials of the company, some of the basic parameters such as the revenues generated as well as the PAT figures were reported with a fall in the recent quarters. Revenues moved from Rs 5,211 crores in Q2 to Rs 4,786 crores in Q3. Moreover, the PAT numbers showed a shift from Rs 1,735 crores in Q2 to 1,317 crores in Q3.
The profitability ratios of the company also put forth a similar purview on the operations with a reduction in percentages. The return on equity (ROE) moved from 17.96 percent during FY20-21 to 13.93 percent in FY21-22. In addition to the above, another basic parameter which is the return on capital employed (ROCE) took a shift from 14.1 percent in FY20-21 to 10.83 percent in FY21-22.
The company has faced pressures on the part of increasing debt-to-equity numbers with the most recent shift being from 1.14 in FY20-21 to 1.2 in FY21-22.
As per the latest shareholding pattern data for the March quarter, promoters hold a 61.03 percent stake in the company. FIIs increased their stake with a recent shift from 13.76 percent in Q3 v/s 17.98 percent during Q4.
Written by Amit Madnani
