Adani Ports and Special Economic zone Ltd.
The India’s biggest Commercial port company under the flagship of “Adani: One Vision, One Team”. The company has pan India presence and owns/operates ports and terminals in nine locations, covering the entire Indian coastline. The Mundra Port in the Gulf of Kachchh is the flagship port of APSEZ. Management is committed and standing by their promises.The company is adhering to high standards of business. The company is able to achieve its goal consistently. Adani ports took initiatives to seize new opportunities. Over the years, has earned trust from its employees and stake holders.
Consolidated net profits jumped 26% in Q3 and appreciating fact is that total expenditure has declined significantly. Mr. Karan Adani, Chief Executive Officer of APSEZ, said “A new chapter has begun in our ports business, with a great responsibility on my shoulders. We are focusing on improving top line and bottom line of the company by improving operational efficiency through the use of technology, better cargo mix and by bringing down net finance cost”.
Fundamentals of Adani Ports
The well-managed company is trading at P/E of 14.5, which is half of the industry average. The company has shown around 28% consistent profit growth over 5 years. Cash flow from both operating and financing activity appears to be healthy. Cash flow from investing activity is the area of concern.
Technically price range of 140-170 appears to be strong Demand and Supply zone. As per time cycle shown in weekly charts, price action in next 13-15 weeks can give an opportunity to accumulate this gem to create a Special Economic Zone in your portfolio. Remember no one can predict top and bottom of any stock or market, one has to take the calculated risk for associated reward.
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Disclaimer: I do not hold any position in ADANI PORTS.