# Adani Ports and Special Economic Zone (NSE: ADANIPORTS) share analysis

Canonical: https://vestmind.in/stocks/adani-ports-and-sez  
Source: VestCall by Vestmind, price as of 14 October 2026.

> Adani Ports and Special Economic Zone (NSE: ADANIPORTS) was trading at ₹1,749.6 on 14 October 2026. VestCall scores its business health 86/100 (strong). On valuation, the price sits in the “Fairly Valued” zone (₹1,681.22 – ₹1,751.24) — inside the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.

## Valuation zones

| Zone | Price band | Meaning |
| --- | --- | --- |
| Deeply Discounted | ₹1,503.77 – ₹1,640.4 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹1,640.4 – ₹1,681.22 | Below the modelled fair-value range |
| Fairly Valued (current) | ₹1,681.22 – ₹1,751.24 | Inside the modelled fair-value range |
| Valuation Premium | ₹1,751.24 and above | Above the modelled fair-value range |

## The case for and against

- Supports — Growth 100/100
- Supports — Capital Allocation 92/100
- Supports — Business Quality 89/100
- Supports — Shareholding Quality 82/100
- Supports — Management Stability 67/100
- Supports — Financial Strength 64/100

## Key ratios

| Ratio | Adani Ports and Special Economic Zone | Sector median |
| --- | --- | --- |
| P/E | 36.35x | — |
| P/B | 0.81x | — |
| P/S | 1.22x | — |
| Return on equity (ROE) | 20.7% | — |
| Return on capital employed (ROCE) | 24.0% | — |
| Operating margin | 36.3% | — |
| Net margin | 31.3% | — |
| Current ratio | 1.02x | — |

## Bull, base and bear case (model outputs, not forecasts)

| Scenario | Modelled CAGR | Weight | Assumption |
| --- | --- | --- | --- |
| Bear | +5.0% | 19% | Growth decelerates to 9% and the multiple de-rates toward the cohort's trough. |
| Base | +25.0% | 55% | Earnings compound near the measured 25% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +38.5% | 26% | Growth holds at 35% and the market pays the full premium the measured quality supports. |

## Questions

### Is Adani Ports and Special Economic Zone overvalued or undervalued?

At ₹1,749.6, Adani Ports and Special Economic Zone sits in VestCall’s “Fairly Valued” zone (₹1,681.22 – ₹1,751.24): inside the modelled fair-value range. Its valuation scores 12/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.

### Is Adani Ports and Special Economic Zone fundamentally strong?

VestCall scores Adani Ports and Special Economic Zone’s business health 86/100 (strong). The strongest measured pillars are growth and capital allocation. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.

### What is Adani Ports and Special Economic Zone’s P/E ratio?

Adani Ports and Special Economic Zone trades at a P/E of 36.35x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against Adani Ports and Special Economic Zone’s returns and growth.

### What are the risks of investing in Adani Ports and Special Economic Zone?

The review triggers VestCall watches for Adani Ports and Special Economic Zone are: return on equity falls below the quality floor (roe below 15%); revenue growth falls below the thesis floor (revenue cagr below 8%); promoter holding drops materially (promoter holding below 63.03%, 3 points under the Jun 2026 filing). A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.

### Is this a recommendation to buy or sell Adani Ports and Special Economic Zone?

No. VestCall states where Adani Ports and Special Economic Zone’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.

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Vestmind is not a SEBI-registered investment adviser or research analyst. This is research for information, not a recommendation or personalised investment advice.